In Q2, Netflix added 1.5 million new subscribers, slower growth after a peak at the height of the COVID-19 pandemic. But the company isn’t worried, telling investors that it is “mostly competing with ourselves to improve our service as fast as we can.” “If we do that, we’re confident we can maintain our strong position and continue to grow nicely as we have been for the past two-plus decades,” Netflix said, adding that it doesn’t view any particular assets as “must-have,” and that consolidation isn’t impacting its growth. Meanwhile, the company is facing new competitors in the streaming space. Read more

Google is introducing new security solutions for Google Cloud, in addition to expanding availability of its Risk Protection Program. Google Cloud vice president and general manager Sunil Potti explained that the updates are part of a larger vision of “invisible security” within the cloud where silos will “eventually” disappear after all security tech is engineered into it. He added that, “rather than essentially build products that fix problems with other products … you have to hit the reset button and embrace something fundamental.” Read more

The smartphone industry is finally feeling the impact of the semiconductor shortage that has bedeviled the auto, PC and home appliance industries. Samsung Electronics, for example, expects a 20 percent drop in shipments from last quarter, due to problems sourcing key parts. Google’s Pixel 5a 5G device will only be available in the U.S. and Japan, even though last year’s models were given a wider release. China’s Xiaomi, which recently surpassed Apple to capture the No. 2 spot in global shipments, has raised the price of its flagship India device, the Redmi Note 10, to $174 from $161.  Read more

California passed AB126 to build a statewide, open-access fiber network, with a vote of 78-0 in the California Assembly and 39-0 in the Senate. The fiber network will operate as a “middle mile” network carrying data from Internet backbone networks to urban and rural connection points where local ISPs take it the “last mile” to residences. The network will offer “non-discriminatory access to eligible entities on a technology and competitively neutral basis, regardless of whether the entity is privately or publicly owned.” Read more

This December, Washington-based game company Valve will debut its long-anticipated Steam Deck, a handheld device for PC gaming with models priced at $399 with 64GB of eMMC storage, $529 with 256GB of NVMe SSD, and the top-of-the-line $649 version with 512GB of high-speed NVMe SSD storage. Steam Deck is additionally being promoted as a handheld PC, allowing users to install and operate web browsers, other game stores (including Epic Games Store) and other video streaming services. It can also be connected to a keyboard and mouse and offers a cloud saving feature. Read more