YouTube Exploring Commerce and NFTs, Says CEO Wojcicki

YouTube plans to test new monetization features for creators of its YouTube Shorts videos, which have passed more than 5 trillion views since debuting in September 2020, according to YouTube CEO Susan Wojcicki, who also said the company is exploring adding NFTs to its toolkit for video creators. In addition, YouTube is testing new shopping features tied to its video content. The number of global creator channels making more than $10,000 a year “is up 40 percent year over year,” Wojcicki wrote as part of an annual letter to creators that outlined 2022 priorities focusing on helping creators generate income. Continue reading YouTube Exploring Commerce and NFTs, Says CEO Wojcicki

Disney+ Service to Debut in 42 More Countries This Summer

The Disney+ streaming video service, which launched in November 2019 and is already available in 64 countries, plans to launch in 42 additional countries and 11 new territories sometime this summer. The announcement did not include exact release dates or regional pricing, but the scope of the expansion should help the platform jumpstart subscriber growth to better compete with other streaming services such as Netflix and HBO Max. The expansion plans should also steer Disney toward its previously predicted target of 230 million subscribers before the end of 2024. Disney+ already had 118 million global subscribers by the end of last year. Continue reading Disney+ Service to Debut in 42 More Countries This Summer

Lifted by Cloud, Microsoft Sales Jump 20 Percent for Quarter

Microsoft ended Q2 for fiscal year 2022 on a high note, with sales up 20 percent to $51.7 billion, and net income rising 21 percent to $18.8 billion, beating analysts’ predictions. Cloud revenue grew 32 percent year-over-year, hitting $22.1 billion. Revenue in Microsoft’s Intelligent Cloud business was $18.3 billion, a 26 percent jump propelled largely by a basically flat 46 percent increase from Azure and cloud services. “Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” Microsoft chairman and CEO Satya Nadella said in the earnings release. Continue reading Lifted by Cloud, Microsoft Sales Jump 20 Percent for Quarter

Squarespace Adds Monetization Options to Its Video Feature

Squarespace has introduced a new video feature for content creators that provides them with the ability to sell access to videos either as a one-off or via a continuing subscription plan. The website creation and hosting service will offer 30 minutes of uploaded content for free, while creators looking to post more content have the option to sign up for Member Areas plans, starting at $9 per month. To compete with the likes of YouTube, Patreon and OnlyFans, users will be able to upload video directly to their Squarespace site with options for monetizing content. The company’s native video player offers “slick playback” and “deep integration into the Squarespace platform.” Continue reading Squarespace Adds Monetization Options to Its Video Feature

Meta AI Research Supercomputer Aims to Be World’s Fastest

The immersive experiences Meta Platforms has planned for the metaverse will require processing power beyond what’s possible today, tipping into the quintillions of operations-per-second. But the company has a fix for that. Meta announced Monday that it has been working on a new artificial intelligence supercomputer called the AI Research SuperCluster, that will be the fastest in the world when fully built this summer. Drawing on resources from partners like Nvidia, Penguin Computing and Pure Storage, the effort took two years and involved several hundred people who collaborated remotely through the COVID-19 pandemic for much of the project. Continue reading Meta AI Research Supercomputer Aims to Be World’s Fastest

Quantum Computing in Silicon Achieves 99 Percent Accuracy

Australian researchers have had a breakthrough in quantum computing, proving that nearly error-free processing is possible, which could lead to the possibility of silicon-based quantum machines whose manufacture could be compatible with today’s semiconductor manufacturing technology. “Our operations were 99 percent error-free,” said University of New South Wales (UNSW Sydney) professor Andrea Morello, who led the work with partners in the U.S., Japan, Egypt, and at the University of Technology Sydney (UTS) and the University of Melbourne. “When the errors are so rare, it becomes possible to detect them and correct them when they occur.” Continue reading Quantum Computing in Silicon Achieves 99 Percent Accuracy

Facebook Caught in Fee Controversy for Free Mobile Service

Facebook finds itself the subject of yet more unflattering allegations, this time claiming the company gouged people in third world countries by charging them for services it had said would be free when making deals with cellular carries in the areas. Internal documents are said to have surfaced indicating that after promising to let low-income citizens in places like Pakistan, Indonesia and the Philippines use a pared-down version of Facebook along with some Internet browsing without incurring data charges, the Meta Platforms company wound up charging, in total, millions of dollars a month. Continue reading Facebook Caught in Fee Controversy for Free Mobile Service

Intel Announces Plans for New $20 Billion Chip Plant in Ohio

Intel is building a new $20 billion chip foundry in Ohio, where CEO Patrick Gelsinger says the company envisions investing more than $100 billion over the next decade to create a complex of up to eight plants. The move is part of a U.S. effort to increase domestic production of computer chips, alleviating supply chain shortages and reducing reliance on foreign suppliers. The new build, located near Columbus, is an economic boon for Ohio, creating 7,000 construction jobs and eventually employment for about 3,000 people in two flagship factories, and potentially many more jobs through the satellite suppliers nearby. Continue reading Intel Announces Plans for New $20 Billion Chip Plant in Ohio

Euro Parliament Toughens Stance on Surveillance Advertising

The European Parliament has added amendments to the EU’s proposed Digital Services Act that will further strengthen consumer protections and make it more difficult for Big Tech to continue tactics for surveillance advertising and microtargeting. The new amendments, advanced at a plenary session last week, are significant in part because they apply to digital services more broadly than the original DSA, which targets “gatekeeper” companies like Google and Facebook. Parliament had already endorsed a full ban on the profiling of minors as well as limiting the use of special category data for ad serving. Continue reading Euro Parliament Toughens Stance on Surveillance Advertising

TikTok Experiments with Paid Subscriptions, Tweaks Stories

TikTok is testing the waters with a paid subscription mode for creators, joining Facebook, Clubhouse and others. Although TikTok remains tight-lipped about the experiment, it seems designed to keep TikTok influencers on the ByteDance platform rather than leaving for more lucrative pastures. Last week, Instagram announced a test allowing creators to charge from 99 cents to $99 per month for exclusive content, while Twitter in September debuted Super Follows, with rates of $2.99 to $9.99 per month. A creator with 13,000 followers that gets a 2 percent take rate at $4.99 per month can make $900 a month. YouTube and Snapchat also offer monetization options. Continue reading TikTok Experiments with Paid Subscriptions, Tweaks Stories

Netflix Subscriber Growth Ebbs in U.S. but Is Solid Overseas

Netflix stock dropped 20 percent Thursday on news that the streaming platform’s subscriber growth is slowing. Netflix missed its target only slightly, adding 8.3 million subscribers in Q4, versus its projected 8.5 million. But that missed target is combined with escalating content costs and a forecast that 2.5 million subscribers will be added in the first three months of 2022 as opposed to 4 million in Q1 2021. A significant portion of Q4’s subscribers growth was in Europe, the Middle East and Africa, up 3.5 million. Netflix added 1.2 million subs in the U.S. and Canada, only a slight improvement year over year. Continue reading Netflix Subscriber Growth Ebbs in U.S. but Is Solid Overseas

Instagram Begins Testing Subscribed Content from Creators

Instagram is testing a feature that allows creators to charge for premium content, a growing trend as platforms vie for popular personalities that drive traffic and engagement. The Meta Platforms social network introduced the feature last week, saying it will initially be offered on a limited basis in the U.S. “Subscriptions are one of the best ways to have a predictable income — a way that’s not attached to how much reach you get on any given post, which is inevitably going to go up and down over time,” Instagram chief Adam Mosseri said in a Twitter post. Continue reading Instagram Begins Testing Subscribed Content from Creators

Google Quietly Developing Cloud-Based Android AR Goggles

Meta has a VR megaphone; Apple has been working on an AR headset; and Microsoft wants the best of both worlds, with its mixed reality HoloLens and headset-agnostic Xbox game platform. But observers say don’t count Google out. The search giant is reportedly ramping up its headset efforts under the codename Project Iris with a release target of 2024. As with HoloLens and, experimentally as of last summer, Passthrough API-enabled Oculus Quest 2 headsets, Google’s device-in-progress is said to use an outward-facing camera to provide a real-world backdrop for digital images. Continue reading Google Quietly Developing Cloud-Based Android AR Goggles

Big Tech Bristles as Antitrust Bill Moves to a Full Senate Vote

The Senate Judiciary Committee voted Thursday to advance a bill designed to level the playing field between Big Tech and smaller players forced to rely on the giant firms to reach customers. Allegations that the behemoths abuse their power to subjugate competitors and exploit consumers permeate Capitol Hill. After being reminded by Senator Amy Klobuchar (D-Minnesota) that antitrust laws haven’t been meaningfully updated “since the birth of the Internet,” the American Innovation and Choice Online Act was advanced on a bipartisan basis, setting it on a path for a full Senate vote. Continue reading Big Tech Bristles as Antitrust Bill Moves to a Full Senate Vote

Streaming Distributor Filmhub Floats $6.8 Million Seed Round

Filmhub, the independent distribution website incubated by German composer Klaus Badelt and Brazilian tech entrepreneur Alan d’Escragnolle, has raised $6.8 million led by Andreessen Horowitz in the company’s first capital raise. Filmhub helps budding cineastes get their work onto more than 100 streaming platforms, including Amazon Prime Video, Apple TV, IMDb TV, Plex, Roku Channel and others. Using its own sales team and technology, Filmhub pushes out content from shorts to episodics to full-length films, taking a 20 percent fee from royalties, which vary by service. Continue reading Streaming Distributor Filmhub Floats $6.8 Million Seed Round