| 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 … | 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.| Kate Gibson / CBS News: |
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers — Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform … | Wall Street Journal: |
Amazon is expanding its one- to two-day delivery capabilities to US rural areas, using hyper-efficient warehouses, contracted drivers, and mom-and-pop shops — E-commerce giant is expanding into remote areas after years of fine-tuning its delivery systems in more dense cities| Lauren Feiner / The Verge: |
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House — The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) … | Akash Sriram / Reuters: |
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help residents access them by early next year — California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud … | 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 … | Capital Brief: |
Canva acquires AI image generation service Leonardo.ai for an undisclosed amount; Leonardo.ai launched in December 2022 and has 19M+ registered users — Founded in December 2022, Leonardo.Ai has over 19 million users and its very own foundation AI model. — Canva, Australia's largest … | Mat Di Salvo / Decrypt: |
The SEC charges BitClout founder Nader Al-Naji of raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about personal compensation — The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges … | Jeff Stone / Bloomberg: |
Microsoft calls on the US Congress to pass a comprehensive law to crack down on AI deepfakes that aim to interfere in elections or maliciously target people — - Law enforcement needs a clear legal framework, Brad Smith says — Elon Musk recently shared manipulated clip of Kamala Harris| Bloomberg: |
Sources including frontline health care workers say their testing of Google's AI-powered nurse handoff tool has left questions about its consistency and quality — After spending billions trying to transform the industry, Alphabet sees opportunity in artificial intelligence.| Maxwell Zeff / TechCrunch: |
| 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 … | 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 voters before a 2021 China-backed cyberattack — ‘Basic steps’ including updating passwords were missed before 2021 hack, finds Information Commissioner| 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 UK competition — - CMA will review whether investment causes competition issues — Google committed to investing $2 billion into the AI startup| Duncan Riley / SiliconANGLE: |
Lineaje, a software supply chain management startup, raised a $20M Series A co-led by Prosperity7 Ventures, Neotribe Ventures, and Hitachi — Software supply chain management startup Lineaje announced today that it has raised $20 million in new funding to advance its artificial intelligence capabilities … | Microsoft: |
| Tekendra Parmar / Bloomberg: |
Scammers are using Meta's copyright protection tools to target Middle East influencers; creators see their Instagram content removed if they don't pay ransoms — 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, the W3C says they should be removed as “hidden personal data collection hurts everyone's privacy” — Author(s) and publish date — After reading Google's announcement that they no longer plan to deprecate third-party cookies … | 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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