Apple Registers xrOS, Likely to Power Mixed Reality Headset

Apple has reportedly registered the name xrOS in association with its upcoming extended reality eyewear, expected to be released in 2023. The xrOS moniker represents a switch from another operating system’s name, realityOS, that had been used internally with regard to the device. Whatever the new system is eventually called, the highly anticipated gear will be Apple’s first major debut in a new product category since the Apple Watch was introduced in 2015. Apple’s wearables division contributed more than $41 billion to the company’s bottom line in the last fiscal year, accounting for about 10 percent of its overall sales revenue. Continue reading Apple Registers xrOS, Likely to Power Mixed Reality Headset

Ireland DPC Fines Meta $275 Million for Data Privacy Breach

Meta Platforms has been fined $275 million for violating European Union privacy rules, the result of a 2021 data leak that led to the online publication of personal information belonging to 500 million Facebook users. The penalty is the latest imposed on Meta by Ireland’s Data Protection Commission, which in September imposed a $400 million penalty on Instagram for mishandling children’s data. In October 2021, the same regulator fined Meta $235 million for violations by its WhatsApp messaging service. In total, Irish authorities have imposed penalties of more than $900 million on Meta in the past two years. Continue reading Ireland DPC Fines Meta $275 Million for Data Privacy Breach

Facebook and Instagram Roll Out New Safety Tools for Teens

Meta Platforms is introducing updates to further protect teens on Facebook and Instagram. Starting this week, those under the age of 16 (or under 18 in certain countries) will be defaulted into more stringent private settings when they join Facebook. A similar default was put into effect on Instagram last year. Meta is also restricting “potentially suspicious adults.” For example, adults will be restricted from messaging teens they aren’t connected to and from seeing teens in their People You May Know recommendations. A “suspicious adult” is one that has recently been blocked or reported by a young person. Continue reading Facebook and Instagram Roll Out New Safety Tools for Teens

After Doubling Ad Revenue, TikTok Turns to In-App Shopping

TikTok is closing in on its downward revised 2022 ad revenue target of $10 billion, according to research firm Insider Intelligence. The ByteDance company had initially projected $12 billion but adjusted the forecast due to a digital advertising downturn that’s affected everyone from Alphabet to Meta Platforms. Despite the hedge, TikTok’s ad haul this year will nearly double that of 2021, and is expected to surpass the performance of Twitter and Snap. However, it still trails advertising on Meta’s Facebook and Instagram, which generated more than $84 billion in the first nine months of 2022 (essentially flat). Continue reading After Doubling Ad Revenue, TikTok Turns to In-App Shopping

Meta Cuts 13 Percent of Workforce, Eliminating 11,000 Jobs

Meta Platforms on Wednesday began layoffs that will affect 11,000 workers — approximately 13 percent of the company’s workforce of 87,000. Founder and CEO Mark Zuckerberg told the staff via video that “I take full responsibility for this decision,” describing it as “one of the hardest calls I’ve had to make in the 18 years I’ve run the company.” This is the first time mass layoffs have been implemented there. Zuckerberg was described as “downcast” as he discussed the news, saying overly optimistic growth projections led to overstaffing. Continue reading Meta Cuts 13 Percent of Workforce, Eliminating 11,000 Jobs

WhatsApp Debuts Communities with End-to-End Encryption

Meta Platforms is globally releasing a major update for WhatsApp called Communities, which doubles the number of group chat members to 1,024, and adds video (and voice) for up to 32. Designed for schools, clubs, churches, the workplace and other organizations, Communities features include support for sub-groups, admin controls and in-chat polls. “We’re aiming to raise the bar for how organizations communicate with a level of privacy and security not found anywhere else,” the company said of the upgrade, stressing end-to-end encryption. In fact, Communities are not publicly discoverable, requiring an invitation. Continue reading WhatsApp Debuts Communities with End-to-End Encryption

Meta Says Its AI-Compressed Audio Codec Beats MP3 by 10x

Meta Platforms says its vision for the metaverse will rely heavily on compression technology “to deliver high-quality, uninterrupted experiences for everyone.” With that in mind, it’s trained its Fundamental AI Research (FAIR) lab on developing “hypercompression” solutions. First up is EnCodec, an audio technology it says compresses at 64 kbps, with no loss in quality, and at 10 times the efficiency of MP3. The EnCodec protocol has the potential to  greatly improve the sound and reliability of speech over low-bandwidth (like when your mobile phone is only getting one bar). It also works for music. Continue reading Meta Says Its AI-Compressed Audio Codec Beats MP3 by 10x

FCC’s Carr Renews Call for a National Security Ban on TikTok

Brendan Carr, a commissioner of the Federal Communications Commission, is continuing his efforts to have TikTok banned, telling the Council on Foreign Investment in the U.S. in his strongest language to date that the viral short-form video app is, as a result of consumer adoption, becoming a part of the nation’s critical information infrastructure, and thus presents a national security risk due to Chinese ownership. TikTok is reportedly back in negotiations with the CFIUS, an interagency committee that reviews foreign investment, about a change of ownership that would smooth the path to ongoing U.S. operations. Continue reading FCC’s Carr Renews Call for a National Security Ban on TikTok

Big Tech to Face Increased EU Scrutiny as DMA Takes Effect

Next week, the EU’s Digital Markets Act takes effect, and U.S. tech giants are preparing for headaches. Among the DMA’s goals is making companies like Amazon, Google and Meta Platforms more open and interoperable in 2023. Last month, veteran EU official Gerard de Graaf, who helped create the DMA, was installed as director of a satellite office in San Francisco. There, he will help Big Tech prepare for breaking out their wallets and breaking open their walled gardens as the result of  “significant” changes to how they’ve been doing business in Europe. Meanwhile, telecoms in Europe are looking for tech firms to pay new fees based on bandwidth issues. Continue reading Big Tech to Face Increased EU Scrutiny as DMA Takes Effect

Reviews Are in for Meta Quest Pro, Quest 3 to Arrive in 2023

The Meta Quest Pro is making its way to reviewers, who say that the pricey $1,500 mixed reality headset from Meta Platforms will be out of reach for most consumers but could be a natural upgrade to business users who want to upgrade from the Quest 2. Offering augmented reality in color and avatars with nuanced facial expressions, the Quest Pro is a productivity tool “ideal for builders, architects, engineers, designers, and others” who want to create or work in immersive environments. For everyone else, a consumer-priced Meta Quest 3 will be arriving in late 2023. Continue reading Reviews Are in for Meta Quest Pro, Quest 3 to Arrive in 2023

With Revenue Down 20 Percent, Intel Plans to Reduce Costs

A sharp decline in demand for PCs is prompting Intel to reevaluate its expenditures, with reduced factory hours and staff reductions among the options under consideration. Intel CEO Pat Gelsinger also says the company is considering divestitures as it seeks to cope with a 20 percent drop in Q3 revenue, to $15.3 billion, and full-year outlook downsized by $1 billion. Intel has been undergoing a reinvention of sorts as it steps into the role of foundry. Increased capex for new plant construction means surgical precision is needed to achieve a goal of $3 billion in 2023 cost cuts. Continue reading With Revenue Down 20 Percent, Intel Plans to Reduce Costs

Meta, Spotify Blast Apple Over App Store Fee Enforcements

Apple announced various App Store developer updates last week, and one change getting lots of attention is that which specifies “sales of ‘boosts’ for posts in a social media app must use in-app purchase.” That means Apple will be taking its customary 30 percent fee for paid boosts on iOS devices, a move that will primarily affect Meta Platforms’ Facebook and Instagram, since they hadn’t previously been processing such transactions through Apple’s in-app purchase system, like Twitter and Tiktok have. Apple says its “guidelines have been clear” that in-app sales are required to use its In-App Purchase. Continue reading Meta, Spotify Blast Apple Over App Store Fee Enforcements

Meta Revenue Falls Despite Facebook Attracting More Users

After seeing its stock plunge more than 60 percent this year, Meta Platforms posted another decline, with Q3 revenue falling 4 percent, to $27.7 billion, from $29 billion for the same period last year. CEO Mark Zuckerberg told analysts that on a constant currency basis “total revenue grew slightly this quarter,” adding that “we’re still behind where I think we should be, but we believe that we will return to healthier revenue growth trends next year,” though just in case “we’re planning our budget somewhat more conservatively.” Meanwhile, Facebook’s number of daily active users hit 1.98 billion, a 3 percent gain year-over-year. Continue reading Meta Revenue Falls Despite Facebook Attracting More Users

Microsoft’s New Gaming Strategy Includes Xbox Mobile Store

Microsoft is reportedly building an Xbox mobile store, challenging Apple and Google. The Redmond company’s pending Activision Blizzard deal is key to successful implementation of its mobile gaming strategy, which was previously hinted at and now comes to light in a filing with the UK Competition and Markets Authority, which requested additional information from Microsoft as part of its analysis of the $68.7 billion deal. In its filings, Microsoft says a “next generation” game store that “operates across a range of devices, including mobile” is significant impetus for the acquisition. Continue reading Microsoft’s New Gaming Strategy Includes Xbox Mobile Store

Meta Says It Will Sell Giphy per UK Competition Unit’s Order

The UK’s Competition and Markets Authority has rendered a final decision ordering Meta Platforms to sell its Giphy marketplace for animated GIFs. Meta acquired the U.S.-based Giphy in 2020. The CMA subsequently found the purchase anticompetitive, determining the move would stunt innovation in UK display advertising and limit social media choices for consumers. After Meta failed to decisively win an appeal, the matter went back to the CMA, which this week reaffirmed its earlier decision and ordered Giphy sold. Meta said in a statement it is “disappointed by the CMA’s decision,” but won’t pursue further appeal. Continue reading Meta Says It Will Sell Giphy per UK Competition Unit’s Order