US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there’s enough support among his colleagues (Benjamin S. Weiss/Courthouse News Service)

Benjamin S. Weiss / Courthouse News Service:
US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there’s enough support among his colleagues  —  The Kids Online Safety Act would force tech companies to enable the highest possible privacy settings for minor users …

Internal messages: Meta staff complained about Threads’ algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out (The Information)

The Information:
Internal messages: Meta staff complained about Threads’ algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out  —  Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company’s internal forum …

Source: OpenAI has reassigned Aleksander Mądry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning (Stephanie Palazzolo/The Information)

Stephanie Palazzolo / The Information:
Source: OpenAI has reassigned Aleksander Mądry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning  —  OpenAI has reassigned the executive in charge of ensuring that its artificial intelligence won’t harm society …

YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google’s subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B (Alex Weprin/The Hollywood Reporter)

Alex Weprin / The Hollywood Reporter:
YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google’s subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B  —  The Google-owned video platform still saw its ad haul rise by 13 percent compared to last year.

Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time (Jennifer Elias/CNBC)

Jennifer Elias / CNBC:
Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time  —  Google parent company Alphabet reported earnings after the bell Tuesday.  —  Here’s how the company did, compared with estimates from analysts polled by LSEG:

Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1 (The Hollywood Reporter)

The Hollywood Reporter:
Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1  —  Meanwhile, Comcast’s core cable and telecom business once again lost pay-TV and broadband subscribers in the second quarter.

Daniel Ek says Spotify is working on a deluxe Spotify tier, around a $17-$18 price point, that has “a lot more control, a lot higher quality across the board” (Chris Welch/The Verge)

Chris Welch / The Verge:
Daniel Ek says Spotify is working on a deluxe Spotify tier, around a $17-$18 price point, that has “a lot more control, a lot higher quality across the board”  —  The saga of Spotify HiFi has many twists and turns.  First announced over three years ago, the music service’s higher …

Harvey, which is building an AI-powered “copilot” for lawyers, raised a $100M Series C led by GV that values it at $1.5B and brings its total funding to $206M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
Harvey, which is building an AI-powered “copilot” for lawyers, raised a $100M Series C led by GV that values it at $1.5B and brings its total funding to $206M  —  Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million …

A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work” (Brian Merchant/Wired)

Brian Merchant / Wired:
A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work”  —  A WIRED investigation finds that major players like Activision Blizzard, which recently laid off scores of workers, are using generative AI for game development.