Qualcomm revenue increased 11 percent to $9.39 billion for the second quarter, beating analyst expectations. Its core business, processor sales for smartphones and other mobile devices, was up 12 percent. Overall, profit was up by 26 percent year-over-year for the period ending in June. The period benefited from the launch of PC chips in the company’s Snapdragon X Series optimized for artificial intelligence. President and CEO Cristiano Amon called the move into PCs and laptops “a significant milestone in our transformation from a communications company to a leading intelligent computing company.” Read more

Comscore announced this week it is rolling out comprehensive audience measurement and cross-platform video insights for YouTube traffic across desktop and mobile devices and connected TVs in the U.S. “This new capability enhances Comscore’s existing reporting for YouTube video traffic on desktop and mobile browsers, as well as in mobile apps,” the company explains. Comscore clients will now have access to Traffic Sharing in YouTube CTV measurement data, which includes viewership info about content distributed on YouTube to content creators. Data should help advertisers evaluate ad campaigns that incorporate YouTube. Read more

Graphic design company Canva announced it is acquiring fellow Australian startup Leonardo AI with plans to have Leonardo’s 120 employees, including executives, join the Canva AI team. Financial terms of the deal were not disclosed. Sydney-based Leonardo has been gaining attention for its advanced generative AI platform that helps users create images and art based on the open-source Stable Diffusion model developed by Stability AI. The Leonardo team claims its offering is different than other AI art platforms since it provides users with more control. Users can experiment with text prompts and quick sketches as Leonardo.ai creates photorealistic images in real time. Read more

Two landmark bills designed to bolster online safety for children — the Kids Online Safety Act (KOSA) and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0) — were overwhelmingly approved by the U.S. Senate on Tuesday in bipartisan 91-3 votes. If approved by the House, the legislation would introduce new rules regarding what tech companies can offer to minors and how those firms use and share children’s data. The three senators who voted against the bills cited concerns that the regulations could stifle free speech, open the door to government censorship, and fail to adequately address the greatest threats to children online. Read more

After 50 years of SIGGRAPH, the conference has come full circle, from high-tech for PhDs to AI for everyone. That was Nvidia founder and CEO Jensen Huang’s message in back-to-back keynote sessions, including a Q&A with Meta CEO Mark Zuckerberg. Huang touted Universal Scene Description (OpenUSD), discussing developments aiming to speed adoption of the universal 3D data interchange framework for use in everything from robotics to the creation of “highly accurate virtual worlds for the next evolution of AI.” As Zuckerberg’s interlocutor, he prompted the Facebook founder to share a vision of AI’s personalization of social media. Read more