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 …
Amazon is expanding its one- to two-day delivery to rural areas in the US, using hyper-efficient warehouses, contracted drivers, and mom-and-pop shops (Wall Street Journal)
Wall Street Journal:
Amazon is expanding its one- to two-day delivery to rural areas in the US, 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
SEC drops claims about 10 tokens it had argued were securities in its Binance suit; the case against other Binance programs, like staking, looks set to proceed (Brady Dale/Axios)
Brady Dale / Axios:
SEC drops claims about 10 tokens it had argued were securities in its Binance suit; the case against other Binance programs, like staking, looks set to proceed — – About 37 pages of the original 136-page complaint against Binance and Binance.US had been devoted to arguing why various specific tokens …
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 (Bloomberg)
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.
London-based fertility app Flo Health raised a $200M+ Series C from General Atlantic at a $1B+ valuation and expects subscription revenue of over $200M in 2024 (Stephanie Stacey/Financial Times)
Stephanie Stacey / Financial Times:
London-based fertility app Flo Health raised a $200M+ Series C from General Atlantic at a $1B+ valuation and expects subscription revenue of over $200M in 2024 — Private equity firm General Atlantic backs start-up as it turns to ‘untapped’ market of those experiencing menopause
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 (Kylie Robison/The Verge)
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.
Microsoft calls on US Congress to pass a comprehensive law to crack down on AI deepfakes that aim to interfere in elections or maliciously target people (Jeff Stone/Bloomberg)
Jeff Stone / Bloomberg:
Microsoft calls on 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
The UK CMA is gathering information from market players to determine whether Google’s partnership with Anthropic qualifies as a merger and harms competition (Katharine Gemmell/Bloomberg)
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
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 (Rafe Uddin/Financial Times)
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
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 (Manya Saini/Reuters)
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 …
