Jul 27
“Before you start angrily typing ― those are not my nipples, calm down,” the “Transformers” actor posted on Instagram.
Jul 27
Secret Invasion released its sixth and final episode today, closing out the latest chapter in the Marvel Cinematic Universe, this one featuring Nick Fury and the Skrulls. And while you can read all about the episode itself in io9’s recap, I wanted to add a little more about something I can’t quite shake. And that’s…
Jul 27
Federal prosecutors want to once again take hold of the frizzy-haired ex-FTX head Sam Bankman-Fried and put him back in jail. Reports from inside pre-trial court hearings say the Department of Justice has had it up to here with the once-crypto kingpin leaking sensitive material to the press, alleging he’s trying to…
Jul 27
Jul 27
In a move to prevent public companies from delaying news about cyberattacks, the US Security and Exchange Commission has set a four-day deadline to disclose “material cybersecurity incidents.” A US attorney general could potentially delay that disclosure if doing so would lead to “substantial risk to national security or public safety.” Otherwise, the rules will serve as a stiff new guidepost — albeit, one that’s slightly less restrictive than the EU’s GDPR cyberattack deadline of just three days.
The news comes after Microsoft was criticized by security experts for taking weeks to confirm an attack against Outlook and other online services. “We really have no way to measure the impact [of the attack] if Microsoft doesn’t provide that info,” Jake Williams, a cybersecurity researcher and former NSA hacker, told the AP in June.
While GDPR rules are more about protecting the public, the SEC appears to be more focused on investors: “Currently, many public companies provide cybersecurity disclosure to investors,” SEC Chair Gary Gensler said in a statement. “I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way.”
Technology companies have pushed against the SECs rules since they were initially announced last year, which ultimately led to the inclusion of a delay clause, Bloomberg reports. Additionally, the Information Technology Industry Council argued that the four-day deadline is too short, since companies may not know enough about the cyberattack by then.
This article originally appeared on Engadget at https://www.engadget.com/sec-public-companies-must-report-cyberattacks-within-four-days-193713534.html?src=rss
Jul 27
“Before you start angrily typing ― those are not my nipples, calm down,” the “Transformers” actor posted on Instagram.
Jul 27
Jul 27
How to Preorder Samsung’s New Foldable Phones (and Which One You Should Get)
Posted in: Today's Chili
The summer of foldable phones is still going strong. Samsung announced its latest foldable smartphones Wednesday: the clamshell Galaxy Z Flip 5 and the book-like Galaxy Z Fold 5. Both devices are slight upgrades compared to the last generation’s releases, though Samsung has improved the hinge on both the Flip and the…
Jul 27
AI Advancements Put Women at Greater Risk of Losing Their Jobs, New Study Says
Posted in: Today's Chili
Women are more at risk of losing their jobs to AI tools like ChatGPT compared to men according to a study that showed a disproportionate number of jobs filled by women will be eliminated by 2030. The study, published by the McKinsey Global Institute found that nearly eight in ten women will be forced to move to…
Jul 27
Meta had its best quarter since 2021 despite losing more money on the metaverse
Posted in: Today's ChiliMeta just had its best quarter since 2021, even as it continues to lose massive amounts of money on the metaverse. In fact, the company said it expects to lose even more money on its efforts in the year to come.
Reality Labs, the Meta division overseeing its virtual and augmented reality projects, lost $3.7 billion during the second quarter of 2023 and generated just $276 million in revenue, according to the company’s latest earnings report. And the company, once again, said it expects its metaverse spending to accelerate. CFO Susan Li said that Meta is expecting Reality Labs’ losses to “increase meaningfully” compared with last year, when it lost more than $13 billion on the efforts.
Meta CEO Mark Zuckerberg tried to downplay the significance of the losses. “We remain fully committed to the metaverse vision,” he said during the company’s earnings call. When pressed for more details on the company’s metaverse spending, he pointed to the upcoming Quest 3 headset, which he said would launch at Meta’s Connect event in September. “This is going to be the biggest headset that we’ve released since 2020,” he said. “There are just a lot of expenses related to bring that to market.”
Aside from the metaverse, it was an otherwise a strong quarter for Meta, which reported $32 billion in revenue, an 11 percent increase from last year. Zuckerberg touted Reels, which are now drawing 200 billion views a day across Facebook and Instagram, thanks to the company’s renewed emphasis on AI-driven recommendations. He also highlighted the recent launch of Threads and the company’s Llama 2 large language model.
Though early analytics data has suggested Threads engagement has declined substantially since its launch, Zuckerberg said the company is “seeing more people coming back daily than I’d expected” and that he sees a path for the app to eventually reach “hundreds of millions” of users.
Meta also confirmed that the bulk of its layoffs, which resulted in the company shedding more than 20,000 jobs since last fall, have been “substantially completed.” Zuckerberg previously dubbed 2023 as Meta’s “year of efficiency” as he cut staff and attempted to streamline the company’s management structure. Zuckerberg pointed to Threads’ launch, which he said was overseen by a relatively small team, as proof that “cultural changes” at Meta are working.
Zuckerberg didn’t, however, offer a timeline of when he thought the company’s metaverse spending might start to pay off. “This is a very long term bet,” he said, “You know, on a deep level, I understand the discomfort that a lot of investors have with it. And look, I mean, I can’t guarantee you that I’m gonna be right about this bet —I do think that this is the direction that the world is going in.”
This article originally appeared on Engadget at https://www.engadget.com/meta-had-its-best-quarter-since-2021-despite-losing-more-money-on-the-metaverse-231925266.html?src=rss
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