Posts by blatcho:

Inworld, which helps developers create AI-based virtual characters for video games, raised a $50M Series A led by Section 32 and Intel Capital (Dean Takahashi/VentureBeat)

Dean Takahashi / VentureBeat: Inworld, which helps developers create AI-based virtual characters for video games, raised a $50M Series A led by Section 32 and Intel Capital  —  Inworld AI has raised $50 million for its developer platform for creating AI-driven virtual characters in video games and the metaverse.

DigitalOcean plans to acquire web hosting company Cloudways for $350M in cash; around half of Cloudways’ clients already use DigitalOcean (Brody Ford/Bloomberg)

Brody Ford / Bloomberg: DigitalOcean plans to acquire web hosting company Cloudways for $350M in cash; around half of Cloudways’ clients already use DigitalOcean  —  DigitalOcean Holdings Inc., a cloud services provider, agreed to acquire website-hosting firm Cloudways for $350 million in an all-cash deal.

Intel signs an unusual $30B agreement with Canadian asset manager Brookfield to help fund its factory expansion plans; the companies will split future revenue (Asa Fitch/Wall Street Journal)

Asa Fitch / Wall Street Journal: Intel signs an unusual $30B agreement with Canadian asset manager Brookfield to help fund its factory expansion plans; the companies will split future revenue  —  Funding arrangement could be first of many such partnerships as U.S. chip giant expands manufacturing, Intel CFO says

Instagram is internally testing Candid Challenges, a BeReal-like feature that gives users two minutes to take and share a photo at a different time each day (Karissa Bell/Engadget)

Karissa Bell / Engadget: Instagram is internally testing Candid Challenges, a BeReal-like feature that gives users two minutes to take and share a photo at a different time each day  —  Instagram is testing a new feature called Candid Challenges, which bears a striking resemblance to BeReal, a photo sharing app popular among …

LockBit ransomware’s leak sites suffer a DDoS attack after it claimed responsibility for breaching Entrust in June; LockBit blames Entrust for the DDoS attack (Lawrence Abrams/BleepingComputer)

Lawrence Abrams / BleepingComputer: LockBit ransomware’s leak sites suffer a DDoS attack after it claimed responsibility for breaching Entrust in June; LockBit blames Entrust for the DDoS attack  —  The LockBit ransomware operation’s data leak sites have been shut down over the weekend due to a DDoS attack telling them to remove Entrust’s allegedly stolen […]

Sources: in Q2 Instacart’s revenue rose 39% YoY to $621M, orders increased 25% YoY to 60M+, and order volume rose 21% YoY to $7.1B, as the company plans its IPO (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal: Sources: in Q2 Instacart’s revenue rose 39% YoY to $621M, orders increased 25% YoY to 60M+, and order volume rose 21% YoY to $7.1B, as the company plans its IPO  —  Grocery-delivery platform is one of the few Silicon Valley startups headed for a public listing soon

Using seismology for groundwater management

As climate change increases the number of extreme weather events, such as megadroughts, groundwater management is key for sustaining water supply. But current groundwater monitoring tools are either costly or insufficient for deeper aquifers, limiting our ability to monitor and practice sustainable management in populated areas. Now, a new paper published in Nature Communications bridges […]

Police in Delhi, India, who use facial recognition to identify protesters, say they consider 80%+ accuracy a “positive” match, raising concerns among activists (Varsha Bansal/Wired)

Varsha Bansal / Wired: Police in Delhi, India, who use facial recognition to identify protesters, say they consider 80%+ accuracy a “positive” match, raising concerns among activists  —  Police in India’s capital say they only require an 80 percent accuracy rate for matches, raising new alarm bells for civil liberty advocates.

South Korean car-sharing startup Socar falls after its Seoul market debut, from ~$21 to $19.50, giving the company a ~$642M market cap (Kate Park/TechCrunch)

Kate Park / TechCrunch: South Korean car-sharing startup Socar falls after its Seoul market debut, from ~$21 to $19.50, giving the company a ~$642M market cap  —  Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range.

Sources: Amazon is among the bidders for Signify Health, which is for sale in an auction that could value the home-health services provider at well over $8B (Laura Cooper/Wall Street Journal)

Laura Cooper / Wall Street Journal: Sources: Amazon is among the bidders for Signify Health, which is for sale in an auction that could value the home-health services provider at well over $8B  —  The home-health services provider is for sale in an auction that could value the company at well over $8 billion.

The demand for AR beauty filters on Instagram remains high, despite evidence of harmful effects on users’ mental health and Meta’s efforts to ban some filters (Tate Ryan-Mosley/MIT Technology Review)

Tate Ryan-Mosley / MIT Technology Review: The demand for AR beauty filters on Instagram remains high, despite evidence of harmful effects on users’ mental health and Meta’s efforts to ban some filters  —  Meta banned filters that “encourage plastic surgery,” but a massive demand for beauty augmentation on social media is complicating matters.

Elon Musk says price of FSD will rise from $12K to $15K in September when Tesla rolls out Beta 10.69.2, which lets drivers test new features on public roads (Lora Kolodny/CNBC)

Lora Kolodny / CNBC: Elon Musk says price of FSD will rise from $12K to $15K in September when Tesla rolls out Beta 10.69.2, which lets drivers test new features on public roads  —  – Tesla plans a 25% price increase for its premium, driver assistance system marketed in the U.S. as the Full Self-Driving, […]

Find My and other location-sharing apps have become a staple in some young people’s friendships, ostensibly for safety while blurring lines of privacy (Kalley Huang/New York Times)

Kalley Huang / New York Times: Find My and other location-sharing apps have become a staple in some young people’s friendships, ostensibly for safety while blurring lines of privacy  —  Introduced 10 years ago, the app has slowly become a popular way to keep track of friends.  But it comes with considerable privacy concerns.

An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools (Zeyi Yang/MIT Technology Review)

Zeyi Yang / MIT Technology Review: An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools  —  The US has moved to restrict export of EDA software.  What is it, and how will the move affect China?

How Georgia State University and other schools are using apps and AI chatbots to help attract students, guide them through graduation, and launch their careers (Beth DeCarbo/Wall Street Journal)

Beth DeCarbo / Wall Street Journal: How Georgia State University and other schools are using apps and AI chatbots to help attract students, guide them through graduation, and launch their careers  —  More institutions are using apps and analytics to help attract students, guide them through graduation and launch their careers

JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80b of short-term US government debt, accounting for 2% of the Treasury bills market as of May (Scott Chipolina/Financial Times)

Scott Chipolina / Financial Times: JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80b of short-term US government debt, accounting for 2% of the Treasury bills market as of May  —  Ownership highlights how digital asset players are encroaching on traditional markets  —  Stablecoin issuers like Tether …

Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue (Kate Rooney/CNBC)

Kate Rooney / CNBC: Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue  —  – FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.

Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty (New York Times)

New York Times: Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty  —  The company blamed its financial performance for the potential bonus cut.  —  Twitter warned its employees on Friday …

Sources: Elon Musk approached brain-computer interface developer Synchron about a potential investment, after expressing frustration with Neuralink’s progress (Rachael Levy/Reuters)

Rachael Levy / Reuters: Sources: Elon Musk approached brain-computer interface developer Synchron about a potential investment, after expressing frustration with Neuralink’s progress  —  Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch …

Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics (Patricia Hernandez/Kotaku)

Patricia Hernandez / Kotaku: Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics  —  Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available […]

KeyCare, which is developing a telehealth service that works with medical records provider Epic Systems, has raised a $24M Series A (Annie Burky/Fierce Healthcare)

Annie Burky / Fierce Healthcare: KeyCare, which is developing a telehealth service that works with medical records provider Epic Systems, has raised a $24M Series A  —  KeyCare, the only telehealth platform developed with medical records provider Epic Systems, nabbed $24 million in series A funding.