U.S. Senate Aims to Add Cyber Amendments to Defense Bill

Hundreds of amendments are queued up for possible addition to the vast annual defense policy bill. Among those that senators are considering include regulations that address artificial intelligence, cybersecurity and proposals to test election systems for vulnerabilities. Adding cyber measures to the National Defense Authorization Act (NDAA) has become a tradition in recent years because it is “must-pass” legislation and renewed annually. Senate Majority Leader Chuck Schumer (D-New York) hopes to have the Senate’s version of the bill prior to the August recess that commences at the end of this week. Continue reading U.S. Senate Aims to Add Cyber Amendments to Defense Bill

Government Advances Online Safety Legislation for Children

The Senate has cleared two children’s online safety bills despite pushback from civil liberties groups that say the digital surveillance used to monitor behavior will result in an Internet less safe for kids. The Kids Online Safety Act (KOSA) and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0) are intended to address a mental health crisis experts blame in large part on social media, but critics say the bills could cause more harm than good by forcing social media firms to collect more user data as part of enforcement. The bills — which cleared the Senate Commerce Committee by unanimous vote — are also said to reduce access to encrypted services. Continue reading Government Advances Online Safety Legislation for Children

TikTok Offering Chinese Goods via U.S. E-Commerce Market

TikTok is making a big push into e-commerce with a plan to sell made-in-China products to consumers. The move sets up a rivalry with popular shopping platforms Shein and Temu to bring Chinese goods to the U.S., while the overall approach replicates the successful “Sold by Amazon” program. As with leading online marketplace Amazon.com and the companies it represents, TikTok will warehouse and ship items — ranging from clothing, electronics and kitchenware — for Chinese merchants, handling checkout, marketing and after-sale services. TikTok plans to debut its American shopping program in August. Continue reading TikTok Offering Chinese Goods via U.S. E-Commerce Market

Meta Sees Double-Digit Growth for the First Time Since 2021

Meta Platforms had a successful Q2, reporting double-digit growth for the first time since Q4 2021. The performance was attributed to a rebound in the digital advertising sector. The good news comes with a warning, as the company says it plans to increase spending on virtual reality and artificial intelligence next year. The parent of Facebook and Instagram reported revenue of just under $32 billion for the period ending June 30, an 11 percent gain over 2022. Advertising contributed a whopping $31.5 billion, growing nearly 12 percent year-over-year. Continue reading Meta Sees Double-Digit Growth for the First Time Since 2021

YouTube TV Will Bundle WBD’s Max with NFL Sunday Ticket

YouTube TV is bundling Warner Bros. Discovery’s Max with its own NFL Sunday Ticket out-of-market football package. YouTube parent Google entered into an exclusive, seven-year deal to offer the NFL Sunday Ticket package through YouTube TV and YouTube Primetime Channels, beginning with the 2023 season. Max has become a Sunday Ticket partner as part of a broader deal with WBD that includes getting Google TV behind WBD’s relaunch of HBO as Max. Philipp Schindler, chief business officer for Alphabet and Google, shared news of the promos with analysts during his company’s Q2 earnings call. Continue reading YouTube TV Will Bundle WBD’s Max with NFL Sunday Ticket

Samsung Unveils Its Latest Galaxy Z Fold, Z Flip and Watch6

Foldable phones took center stage at Samsung’s recent Galaxy Unpacked event in Seoul, South Korea, where the company unveiled the Galaxy Z Fold5 and Galaxy Z Flip5 foldables. Also making their debut: the Galaxy Tab S9 family of tablets and Galaxy Watch6, the latter offering a Classic smartwatch model that revives the rotating bezel. Samsung’s foldables utilize the company’s proprietary Flex hinge, which enables the smartphones to close with no gap at the hinge. The company is also promoting the FlexCam and its “ability to capture photos and videos hands-free” from creative angles. Continue reading Samsung Unveils Its Latest Galaxy Z Fold, Z Flip and Watch6

Major Tech Players Launch Frontier Model Forum for Safe AI

Advancing President Biden’s push for responsible development of artificial intelligence, top AI firms including Anthropic, Google, Microsoft and OpenAI have launched the Frontier Model Forum, an industry forum that will work collaboratively with outside researchers and policymakers to implement best practices. The new group will focus on AI safety, research into its risks, and disseminating information to the public, governments and civil society. Other companies involved in building bleeding-edge AI models will also be invited to join and participate in technical evaluations and benchmarks. Continue reading Major Tech Players Launch Frontier Model Forum for Safe AI

Search Stays Strong and YouTube Rebounds in Alphabet Q2

Alphabet posted a strong second quarter, with Google Cloud revenue climbing 28 percent year-over-year, to $8.03 billion, and overall revenue gaining 7 percent, to $74.6 billion, exceeding analyst expectations, as did the $18 billion in net income. Google Search ad sales grew by nearly 5 percent, to $42.6 billion, while ad sales from Google’s YouTube streaming platform rose almost 4 percent, to $7.7 billion. YouTube had in recent quarters sustained revenue declines, attributed to increased competition from TikTok and others, but was finally able to reverse the downward trend. Continue reading Search Stays Strong and YouTube Rebounds in Alphabet Q2

Microsoft Q2 Marks a Quarterly Sales Record of $56.2 Billion

Microsoft Cloud drove record sales and profits for Q2, which saw a year-over-year revenue gain of 8 percent to $56.2 billion for April through June. Net income topped $20 billion, a 20 percent gain that beat analyst expectations and the company’s own estimates. Microsoft Cloud revenue for Q2 was up 21 percent, to $30.3 billion. And the company is beginning to see the results of its investments in artificial intelligence. Q2 is Microsoft’s second record-setting quarter this year, topping the three-month high of $52.9 billion in Q1. The previous profit record was $18.8 billion in Q4 2021. Continue reading Microsoft Q2 Marks a Quarterly Sales Record of $56.2 Billion

Could Strikes Upend Institutional Hollywood Power Structure?

Have the striking Hollywood writers and actors opened a void that the creator economy is able to fill? Already in demand, top influencers are now being courted by producers and studios hungry for content to fill depleted pipelines. Meanwhile, striking actors and writers are taking their ideas to YouTube, Instagram, TikTok and Twitch, where they can forge a direct relationship with viewers — albeit not one that will result in direct-deposit paychecks. As the definitions of “talent” and “content” continue to blur, the Hollywood landscape could be in for a seismic shift. Continue reading Could Strikes Upend Institutional Hollywood Power Structure?

Twitter Rebrands as ‘X’ in Next Step Toward ‘Everything App’

Elon Musk has begun rebranding Twitter as X with a simple black letter X-ing out the iconic blue bird logo. The reaction has been mixed so far. Some say it conjures cool, as in “X marks the spot,” while others suggest it evokes a corporate industrial “Big Brother” that could negatively impact the successful brand. Whether it will help Musk and CEO Linda Yaccarino monetize the social service remains to be seen, but it definitely marks a clean break from a colorful past. On Monday, at Twitter’s San Francisco headquarters, feathered features like the company logo that once lorded over the cafeteria were removed, and stylized X logos were projected. Continue reading Twitter Rebrands as ‘X’ in Next Step Toward ‘Everything App’

UI Update ‘My Netflix’ Aims to Streamline Mobile Experience

Netflix is updating its mobile user interface to consolidate watch activity in one place. Rolling out for iOS now and Android in August, My Netflix is the new hub for watchlists, downloads and views in progress. The “one stop shop” also collects My List items, notifications, trailers and other content with which users have interacted, including TV shows or movies that have been validated with a subscriber’s thumbs-up. My Netflix replaces the Downloads section globally, and the streamer says the more users interact with it the more customized it will become. Continue reading UI Update ‘My Netflix’ Aims to Streamline Mobile Experience

Nielsen: June Marks a New All-Time Record for TV Streaming

Streaming accounted for 37.7 percent of overall U.S. TV usage in June, a record share for the digital format. Cable TV accounted for 30.6 percent and broadcast 20.8 percent, according to Nielsen’s monthly snapshot The Gauge. TV viewing was up 2.2 percent in June, the first monthly increase since January. The uptick was principally attributed to young viewers and the summer break. Notably, TV consumption among the 2-11 and 12-17 age groups was up 16.3 percent and 24.1 percent, respectively, compared with May. Alternative viewing options — including streaming and video gaming — accounted for 90 percent among those groups. Continue reading Nielsen: June Marks a New All-Time Record for TV Streaming

Facebook Updates Video Features and Renames Watch Tab

Facebook has updated its video features in a bid to be more competitive with popular social video platforms TikTok and YouTube. Improvements from editing to discovery and the ability to upload videos in HDR roll out this week along with some new branding: the “Watch” tab has been renamed “Video,” unifying the streaming experience in one location. Editing tools for Reels are porting over to the main Feed channel, which means users can post and view short- and long-form video content as well as live videos in one place. The company is also making it easier to engage with recommended Instagram Reels directly on Facebook. Continue reading Facebook Updates Video Features and Renames Watch Tab

Spotify Announces Anticipated Price Hikes for Subscriptions

As expected, Spotify unveiled its first premium subscription rate hike in 12 years after mounting pressure from the music industry and musicians — and as competing services hiked their rates. A premium Spotify streaming subscription in the U.S. will now cost $10.99 per month, a $1 increase. Now the largest paid music service in the world, with about 210 million subscribers, Spotify is also raising rates in some 50 additional markets, including Canada, parts of Europe and Asia, South America and Australasia. Existing customers are getting one month’s notice before the new rates kick in. Continue reading Spotify Announces Anticipated Price Hikes for Subscriptions