Thursday 24 August 2023

Toronto-based Ideogram raised a $16.5M seed led by a16z and Index Ventures and launches a public beta of its generative AI-based text-to-image product (Charlize Alcaraz/BetaKit)


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EU safety laws start to bite for TikTok, Instagram and others Nineteen large platforms have to start complying with new rules as soon as Friday or risk big fines. August 25, 2023 at 04:30AM


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Mastercard and Binance plan to end their card partnership in Latin America and Middle East on September 22; Visa stopped issuing Binance cards in Europe in July (Yueqi Yang/Bloomberg)


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Sources: Amazon has had early talks with Disney about working on a streaming version of ESPN, perhaps helping with distribution and taking a minority stake (Sahil Patel/The Information)


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A US judge dismissed an RNC lawsuit alleging Google's spam filters illegally suppressed their emails, saying the RNC hadn't shown that Google acted in bad faith (Cristiano Lima/Washington Post)


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US government sues Elon Musk's SpaceX over hiring policy The US Department of Justice says rocket firm discriminated against refugees and asylum seekers. August 24, 2023 at 10:24PM


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Affirm reports Q4 revenue up 22% YoY to $446M, vs. $406M est., net loss up 11% YoY to $206M, and GMV up 25% YoY to $5.5B, vs. $5.3B est.; AFRM jumps 5%+ (Emily Bary/MarketWatch)


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Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores (Suzanne Kapner/Wall Street Journal)


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Wednesday 23 August 2023

Google announces new security features for Workspace, including zero-trust, data loss prevention, and digital sovereignty controls, rolling out in 2023 and 2024 (David Gewirtz/ZDNet)


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Apple says it supports California's Right to Repair Act, which passed a Senate vote in May and is awaiting approval before going to a full assembly vote (Brian Heater/TechCrunch)


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Nvidia reports Q2 revenue up 101% YoY to $13.51B, vs. $11.22B est., Data Center revenue up 171% YoY to $10.32B, and authorizes a $25B buyback; NVDA jumps 6%+ (Kif Leswing/CNBC)


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Sources: Microsoft is experimenting with new AI capabilities in Windows 11 apps, including generating a canvas from text in Paint and OCR in Snipping Tool (Zac Bowden/Windows Central)


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Qualcomm updates its lineup of processors for gaming handhelds, adding the G1 and G2 chips for cheaper devices and unveiling its flagship Snapdragon G3x Gen 2 (Andrew E. Freedman/Tom's Hardware)


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Sunday 20 August 2023

Pioneering wind-powered cargo ship sets sail Inventors hope maiden voyage will help usher in new era of greener shipping. August 21, 2023 at 10:50AM


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Sources: Meta plans to launch a web version of Threads early this week (Wall Street Journal)


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Some clinicians think unrealistic depictions of dissociative identity disorder on TikTok are influencing young people to self-diagnose or imitate the disorder (Jessica Lucas/The Verge)


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A look at the potential impact of EU's DSA and DMA on Big Tech, as some say the impact may be as profound as Great Depression-era laws that reined in US banks (Wall Street Journal)


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Q&A with TikTok Head of Music Ole Obermann on launching TikTok Music in Indonesia and Brazil before the US and helping artists from discovery to distribution (Louise Matsakis/Semafor)


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Saturday 19 August 2023

As Big Tech companies compel employees back to the office, some companies, like Atlassian, Airbnb, Dropbox, and Twilio, remain steadfast backers of remote work (Brody Ford/Bloomberg)


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X appears to have deleted all images posted directly on the website between 2011 and 2014; links that used Twitter's native shortening service are also broken (Matt Novak/Forbes)


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Analysis: Books3, a dataset used to train Meta's Llama, BloombergGPT, and EleutherAI's GPT-J, contains 170K+ books from Stephen King and other authors (Alex Reisner/The Atlantic)


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Sleep streams: How Kai Cenat and others make money filming themselves sleep One streamer tells us he has stopped making sleep videos after it affected his mental health. August 20, 2023 at 04:44AM


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Analysis: daily trading volumes surge on Coinbase International, an offshore derivatives exchange Coinbase launched in May 2023, reaching $287M on August 18 (Frank Chaparro/The Block)


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Amazon restarts Amazon Shipping, its UPS and FedEx competitor that handles packages from other websites, after pausing the US service earlier in the pandemic (Sebastian Herrera/Wall Street Journal)


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Source: in H1 2023, Instacart's revenue grew 30%+ YoY to ~$1.4B but gross transaction volume grew ~5% YoY; Instacart reportedly plans to go public in September (Cory Weinberg/The Information)


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Friday 18 August 2023

Cruise is complying with a California DMV request to cut its fleet by 50% as the regulator probes "recent concerning incidents" involving Cruise robotaxis (Kirsten Korosec/TechCrunch)


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A district court judge upheld a US Copyright Office finding that artwork created by AI isn't eligible for copyright protection because it lacks human authorship (Winston Cho/The Hollywood Reporter)


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Canadian Heritage Minister Pascale St-Onge demands that Meta lift its "reckless" news ban on Facebook and Instagram for the safety of people fleeing wildfires (David Ljunggren/Reuters)


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Evacuees from the wildfires threatening Yellowknife say that Meta's news fight with Canada's government makes it harder for them to share lifesaving information (Pete Evans/CBC News)


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Draft IPO filing: Arm's revenue fell 1% YoY to $2.68B in its fiscal year ended on March 31, 2023; sources: Arm plans to sell ~10% of its shares in its listing (Bloomberg)


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Twitter, now X, to remove blocking feature Elon Musk says the feature "makes no sense", but users are concerned about protection from abuse. August 19, 2023 at 01:16AM


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Sources: SoftBank has acquired a 25% stake in Arm from its Vision Fund unit at a $64B valuation and will make the chip designer's IPO filing public on Monday (Anirban Sen/Reuters)


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