A consortium of top tech firms have joined forces to launch a security group focused on artificial intelligence applications. The cybersecurity-focused non-profit OASIS will oversee operational aspects of the Coalition for Secure AI, to be known as CoSAI, described as an “open-source community.” OASIS lists Google, IBM, Intel, Microsoft, Nvidia and PayPal as founding Premier Sponsors of CoSAI, whose “additional founding sponsors” include Amazon, Anthropic, Cisco, Chainguard, Cohere, GenLab, OpenAI and Wiz. “CoSAI is an initiative to enhance trust and security in AI use and deployment,” OASIS announced at the Aspen Security Forum. Read more

Netflix reported that its popular streaming service has added 8.05 million subscribers during Q2, a healthy gain from 5.89 million newcomers during the same period a year earlier. The streamer’s total of more than 277 million worldwide customers makes it by far the largest subscription service of its kind. Revenue climbed to $9.56 billion, a nearly 17 percent second quarter gain that outperformed its own projections. Subscriptions on the ad-supported tier grew 34 percent compared to Q1. Amidst upheaval in more traditional media environs, Netflix seems to be gliding along, closing Thursday with a market valuation of $277 billion. Read more

Verizon is offering a year of Netflix Premium at no charge to Verizon Mobile and Home Internet customers who buy an annual subscription to Peacock Premium through its content subscription hub +play. That’s a $275 value (at $22.95 per month) in exchange for a $79.95 Peacock plan, according to the telecom company, which rebranded last month, launching a host of promotional plans in the lead-up to its 2025 silver jubilee. The offer, which started last week, ends August 31. The Peacock push dovetails with parent company NBCUniversal’s presentation of the 2024 Paris Olympics. NBC Sports coverage of the Olympics will include streaming on Peacock. Read more

Microsoft has officially moved its AI-powered Designer app out of preview, making the Canva competitor available to iOS and Android users. The app uses text prompts to generate images and designs for items such as logos, greeting cards, stickers and invitations. Powered by OpenAI’s DALL-E 3 image model, Designer is available as an app in Windows and as a free mobile app. New capabilities include the ability to edit existing designs and the addition of “prompt templates” to help users who are starting the design process with a blank canvas. “Just describe what you want to see, and Designer can create it for you,” explains Microsoft. Read more

U.S. tech companies are fighting back against what they feel are overly oppressive European Union regulations by withholding products from that market. Meta Platforms will not release its next Llama multimodal AI model there, along with future products. Apple last month said certain Apple Intelligence AI features will not be released in the EU. Previously, tech companies would accommodate regional laws by adapting global strategies so they could do business everywhere with the same products. Given the restrictions of the Digital Markets Act and other EU rules, Big Tech is signaling that may no longer be possible. Read more