Blockchain startup Aptos Labs will use the Microsoft Azure OpenAI Service to “explore innovative solutions” in blockchain and Web3 for technologies involving artificial intelligence, tokenization and payments. As part of the deal Aptos describes as a “partnership,” the company is launching Aptos Assistant, which will enable natural language prompts, making Web3 applications like smart contracts and decentralized apps more “user-friendly and secure” for “everyday Internet users and organizations” as well as developers. Aptos offers what is known as Layer 1 blockchain, technology designed to facilitate transactions at scale. Continue reading Aptos Teams with Microsoft Azure OpenAI on Web3 Solutions

X is developing a video-calling feature to add as part of its rebranding as an “everything app.” X CEO Linda Yaccarino shared the news in her first television interview since leaving NBCUniversal to become head of Elon Musk’s social media platform in June, when the platform was still known as Twitter. Yaccarino said X users will soon be able to make video calls based on their social ID alone, without sharing phone numbers. Long-form videos, creator subscriptions and the ability to make payments on the platform are additional features that Yaccarino explained will be coming to X. Continue reading Yaccarino: X Getting Video Calls with Its ‘Everything’ Rebrand

Amazon plans to enable palm-scan payments at the company’s 500-plus U.S. Whole Foods stores by year’s end with enrollment in Amazon One. Amazon Fresh grocery stores, select Panera restaurants, some stadiums and concert venues, and even a few Starbucks locations are said to be participating in the rollout. Amazon introduced hand-scanning sensor technology in 2020 in a bid to rival Google and Apple in the digital wallet sector. The e-retail giant now has the scanners installed in about 400 locations, some 150 of which are third-party owned, like the Hudson Group airport stores and Coors Field in Denver. Continue reading Amazon Palm-Scan Payment Plan to Challenge Apple, Google

The White House has unveiled plans for a two-year competition with $18.5 million in prizes for artificial intelligence coders who can come up with ways to identify and fix software vulnerabilities in critical infrastructure code, such as that which runs the Internet. Styled AIxCC, the AI Cyber Challenge is being led by the Defense Advanced Research Projects Agency (DARPA) with support from companies including Anthropic, Google, Microsoft and OpenAI, who have committed to lending expertise and technology. Up to seven small businesses will potentially receive $1 million each to participate. Continue reading White House Launches $20 Million AI Cybersecurity Challenge

A group of news organizations, including Gannett, Getty Images and the Associated Press, have joined forces to call for copyright protection with regard to artificial intelligence training data. The 10 outlets signed an open letter charging foundation models are trained using media content without permission that is then disseminated “without any consideration of, remuneration to, or attribution to the original creators.” The group is demanding laws to protect journalism from AI, which if left unregulated they claim “can threaten the sustainability of the media ecosystem” by eroding the public’s trust and undermining financial viability. Continue reading News Orgs Calling for IP Protection Against AI Model Training

The National Football League is raising the price of its streaming service, NFL+, now in year two, as live streams of the NFL Network and NFL RedZone cable channels are becoming part of the package. Cost of the premium plan will be $14.99 a month (or $99.99 per year), up 50 percent from $9.99, with the bundled NFL Network and its exclusive regular-season games, and fan-favorite RedZone, which carries live action from all Sunday afternoon games. A subscription to NFL+ with only the NFL Network added will increase 40 percent to $6.99 per month (or $49.99 per year), from $4.99. The changes will coincide with the start of the new season on September 10. Continue reading NFL+ Boosts Prices as It Bundles with NFL Network, RedZone

A new White House executive order prohibits certain U.S. investment in China for technologies including computer chips, requiring government notification for some sectors. The order authorizes the Treasury Department to restrict U.S. investments in Chinese entities involved in the development and production of semiconductors, quantum computing and artificial intelligence systems. The Biden administration says the restrictions apply to “narrow subsets” within the three areas, with a goal of preventing American capital and expertise from advancing technologies that could be used by the Chinese military in ways that could threaten U.S. national security. Continue reading Biden Bans Investment in China Chips, AI and Quantum Tech

Ransomware attacks have surged in the 12 months ending in June 2023, with the United States accounting for 43 percent of the 1,900 attacks reported — 7x greater than that of the second most popular target, the United Kingdom, at 196. The period marked a 75 percent increase in U.S. ransomware attacks, which were perpetrated by 48 different groups including CL0P, a gang believed to have ties to Russia. U.S. companies, governmental organizations and individual consumers were targeted during the period, with healthcare and educational institutions disproportionately impacted, according to a study by cybersecurity firm Malwarebytes. Continue reading U.S. Impacted by Significant Increase in Ransomware Attacks

WeAre8 is a different kind of social media platform making its U.S. debut a year after launching in the United Kingdom, Australia and New Zealand. The socially conscious mobile app prohibits hate speech and pays its users to watch ads. Earned funds can be withdrawn or directed to causes like Save the Children, Feeding America and Water.org. The app prohibits tobacco, big oil and gambling interests from advertising. Backed by publishers including The Independent, Warner Bros. Discovery and LADbible Group, WeAre8 hopes to attract 80 million users in two years. Continue reading Publishers Get Behind New Social App to Fund Good Causes

Charlie Ergen, founder and chairman of the Dish and EchoStar satellite broadband companies is merging the two units in an all-stock deal he says will better position his empire to compete with AT&T and Verizon in the market for next-generation wireless services. Dish, which operates Boost Mobile, currently has a deal with T-Mobile for 5G. FactSet places Dish’s current market value at just above $4 billion and EchoStar at nearly $2 billion. “This is a strategically and financially compelling combination that is all about growth and building a long-term sustainable business,” said Ergen. Continue reading Dish, EchoStar to Merge in Play for Next-Gen Wireless Market

Google has debuted Project IDX, an AI-enabled development environment for building full-stack web and multiplatform apps. Comparing app development that works across mobile, web, and desktop platforms to “building a Rube Goldberg machine” with a duct-taped tech stack, Google says Project IDX smooths the process of compiling, testing, deploying and monitoring apps. The browser-based Project IDX is built on the Google Cloud using the Codey family of AI foundation models built on PaLM 2. Currently, IDX supports the JavaScript and Dart languages, with plans for Python, Go and more. Continue reading Google’s Project IDX Offers Full-Stack Dev in a Web Browser

PayPal has become the first major U.S. fintech firm to launch its own cryptocurrency with a stablecoin called PayPal USD. Issued by Paxos Trust Company, PayPal USD is 100 percent backed by dollar deposits, U.S. treasuries and cash equivalents, and will maintain a value of exactly $1, according to the company. Initially available only to U.S. customers, CEO Dan Schulman says PayPal intends to make cryptocurrency a part of its overall payments infrastructure and will soon integrate it with its Venmo mobile payment app. PayPal shares, in a slump since last year, were up 3 percent on the news. Continue reading PayPal Is First Major U.S. Fintech to Launch Own Stablecoin

Paramount Global has agreed to sell publishing giant Simon & Schuster to private equity firm KKR for $1.62 billion in an all-cash transaction. Paramount Global President and CEO Bob Bakish said the transaction “delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase of growth with KKR.” On closing, expected in the first half of 2024, Simon & Schuster will become a standalone private company under the continued leadership of President and CEO Jonathan Karp and COO and CFO Dennis Eulau. Continue reading KKR Will Pay $1.62 Billion for Paramount’s Simon & Schuster

Meta Platforms is releasing AudioCraft, a generative AI framework that creates “high-quality,” “realistic” audio and music from text prompts. AudioCraft consists of three models: MusicGen, AudioGen and EnCodec, all of which Meta announced it is open-sourcing. Released in June, MusicGen was trained on Meta-owned and licensed music, and generates music from text prompts, while AudioGen, which was trained on public domain samples, generates sound effects (like honking horns and barking dogs) from text prompts. The EnCodec decoder allows “higher quality music generation with fewer artifacts,” according to Meta. Continue reading Meta’s AudioCraft Turns Words into Music with Generative AI

Verizon has teamed with New York’s Metropolitan Museum of Art on a discovery app called Replica that lets consumers scan artwork to generate digital collectibles. The augmented reality Replica experience lets museum visitors scan items using a mobile app that stores them to Roblox as objects or avatar accessories. Roblox account holders can also virtually explore the Met’s facade and partake in other immersive experiences. The effort follows a previous Verizon collaboration with the museum and indicates the way institutions can leverage AR to engage consumers. Continue reading The Met Teams with Verizon to Create Roblox AR Experience