At a June 30 internal meeting, Meta CEO Mark Zuckerberg said the company was facing one of the “worst downturns that we’ve seen in recent history,” the New York Times reports. Economic uncertainty is hitting as Meta navigates tumult in its core social networking and advertising business.
U.S. crypto lender Voyager Digital this week said it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector, Reuters reports. Crypto lenders such as Voyager boomed in the pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks.
The battle over cryptocurrency mining in the Finger Lakes took a dramatic turn on June 30 when the state Department of Environmental Conservation denied a permit renewal application for the Greenidge Generating Station on the western shore of Seneca Lake, the Rochester Beacon reports. The DEC said the operator of the cryptocurrency mining facility did not “demonstrate compliance with the requirements of the Climate Leadership and Community Protection Act.”
Apple said it will offer a “lockdown” option for iPhones, iPads and Mac computers intended to protect against spyware unleashed by state-sponsored hackers, AP reports. The lockdown measure is considered a last resort for people targeted by spyware, since activating lockdown will disable many popular features such as sending attachments and links in texts, as well as the ability to receive FaceTime calls from new numbers. Web browsing will also be limited.
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For the very first time, an augmented reality contact lens—one with about 30 times the pixel density of an iPhone—has been worn on the eye of a human subject, Big Think reports. AR contact lenses pose numerous difficult engineering challenges, the biggest of which is finding a way to provide these tiny devices with power. A company called Mojo Vision has done that.
Our current liability system is completely unprepared for AI, an opinion article in Scientific American contends. Liability rules were designed for a time when humans caused the majority of mistakes or injuries. But with AI, errors may occur without any human input at all.
The S&P 500 is in the gutter so far this year and the tech-heavy NASDAQ is doing worse, yet venture capitalists are continuing to throw money at tech startups. In fact, 2022 is shaping up to be the second most active year of VC funding on record, right behind 2021, Alex Kantrowitz writes on Big Technology.
The new desktop Gmail design started appearing in inboxes last weekend, Ars Technica reports. If you use the default theme, you'll know it has arrived when your entire Gmail interface turns blue.
Want to upgrade your home network to 802.11ax, the newest and fastest version of Wi-Fi? You'll need a Wi-Fi 6 router. CNet reviews some of the best Wi-Fi 6 devices on the market.
Three months ago, Bulgari's Octo Finissimo Ultra earned the watchmaker the world record for thinnest mechanical watch. Now, Richard Mille and Ferrari’s new RMUP-01 have claimed the title, Gizmodo reports. The watch is just 1.75-millimeters thick—thinner than a quarter. To buy one, though, you’ll need a fat wallet: The watch lists for $1,888,000.