| Capital Brief: |
Canva acquires AI image generation service Leonardo.ai for an undisclosed amount; Leonardo.ai launched in December 2022 and has more than 19M registered users — Founded in December 2022, Leonardo.Ai has over 19 million users and its very own foundation AI model.| Kylie Robison / The Verge: |
Perplexity is launching a program to share ad revenue with partners such as Time, Der Spiegel, Fortune, and WordPress.com, after weeks of plagiarism accusations — Perplexity is launching a program to share ad revenue with publishing partners following weeks of plagiarism accusations.| Reuters: |
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial-recognition tech to collect biometric data of millions of Texans without consent — Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent … | Jagmeet Singh / TechCrunch: |
Qualcomm debuts the 4nm Snapdragon 4s Gen 2, a feature-limited version of the Snapdragon 4 Gen 2, to make 5G accessible to smartphones in the sub-$100 category — Qualcomm Tuesday announced the Snapdragon 4s Gen 2. The entry-level chip aims to make 5G accessible to 2.8 billion smartphone users … | Devin Coldewey / TechCrunch: |
Meta releases Segment Anything Model 2 with support for object segmentation in videos and images; the code and weights are available under an Apache 2.0 license — Meta had a palpable hit last year with Segment Anything, a machine learning model that could quickly and reliably identify and outline just about anything in an image.| Manya Saini / Reuters: |
PayPal reports Q2 revenue up 8% YoY to $7.89B, total payment volume up 11% to $416.81B, transaction margin dollars up 8%, and raises its FY 2024 profit forecast — PayPal (PYPL.O) on Tuesday raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending … | Karissa Bell / Engadget: |
Meta rolls out AI Studio in the US, letting users create and share AI chatbots, and Instagram creators set up chatbots to answer DM questions and story replies — Meta is rolling out its AI Studio tools for custom chatbots. — The next time you DM a creator on Instagram, you might get a reply from their AI.| Tekendra Parmar / Bloomberg: |
Scammers are using Meta's copyright protection tools to target influencers in the Middle East; creators see their content removed from Instagram unless they pay — Victims see their content removed from Instagram unless they pay steep ransoms. — In May 2023, Esaa Ahmed-Adnan … | Hadley Beeman / W3C: |
After Google said it wouldn't deprecate third-party cookies, W3C says third-party cookies must be removed as the invisible tracking “hurts everyone's privacy” — Author(s) and publish date — After reading Google's announcement that they no longer plan to deprecate third-party cookies … | Katharine Gemmell / Bloomberg: |
The UK CMA is gathering information from market players to determine whether Google's partnership with Anthropic qualifies as a merger and harms competition — - CMA will review whether investment causes competition issues — Google committed to investing $2 billion into the AI startup| Rafe Uddin / Financial Times: |
The UK ICO says the country's election authority failed to take “basic steps” to protect the personal data of 40M people before a 2021 China-backed cyberattack — ‘Basic steps’ including updating passwords were missed before 2021 hack, finds Information Commissioner| William J. Broad / New York Times: |
Experts say AI forecasting models are predicting weather patterns with new speed and precision and are likely to complement supercomputer forecasting models — The brainy machines are predicting global weather patterns with new speed and precision, doing in minutes and seconds what once took hours.| Kif Leswing / CNBC: |
Apple debuts Apple Intelligence in the iOS 18.1, iPadOS 18.1, and macOS 15.1 developer betas, with text generation and Siri updates, but missing some features — - Apple on Monday released the first version of Apple Intelligence, … Apple on Monday released the first version of Apple Intelligence … | Kyle Wiggers / TechCrunch: |
The US NTIA issues a report in support of “open-weight” generative AI models like Meta's Llama 3.1, but recommends the government to monitor for potential risks — The U.S. Commerce Department on Monday issued a report in support of “open-weight” generative AI models like Meta's Llama 3.1 …
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