7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

Meta will release a new consumer-grade VR headset next year

Jan 5, 2023

A follow-up to the Quest 2, Meta is launching another consumer-grade virtual reality headset next year. The company announced this during today’s Q3 earnings call, in which the company marked yet another $3 billion quarterly loss to its metaverse investments. But CFO David Wehner says that some of this continued cost can be explained via Meta’s continued investment in new hardware development, including another consumer-grade headset that will come out next year. Just weeks ago, Meta ...read more

Big Tech falls short in the first salvos of the Q3 earnings cycle

Jan 5, 2023

If you are a believer in the endless concentration of corporate power, the work of major tech companies to extend their reach into all areas of the digital economy must bring you joy. If you are more in favor of upstart companies attacking and bringing to heel incumbent wealth by the (figurative) sword, it’s probably less welcome. Big Tech companies, once they reach a certain scale, often have the wealth and influence to buy, build or bury their smaller competition. But no matter on wh ...read more

Q&A with tech vet leading REI’s $30M fund to help founders of color get ahead in outdoor industry

Jan 5, 2023

Dan Kihanya, director of REI’s Path Ahead Ventures. (REI Photo) The next time you “opt outside,” you might just be doing it using a brand or product that got a boost thanks to REI’s Path Ahead Ventures. The Seattle-based outdoor retailer is a year into a program to provide more opportunities to founders of color and those from traditionally underrepresented groups. REI says that in the $460 billion outdoor industry, only about 1% of retail brands are owned or led by people of color. ...read more

ClipClip: Change the way you copy & paste in Windows

Jan 5, 2023

ClipClip makes it possible to copy multiple texts, images or files to your clipboard. You can then browse or search through these Latest Clips, or convert them to Saved Clips so you can assign a title and organize them into folders for later re-use. By pressing CTRL + SHIFT + V you get a list of all your clips so you can paste without losing focus of what you were working on. Whether you're an engineer, lawyer, manager, executive, accountant, salesperson, office clerk, customer support rep or ...read more

Signal Says It Will Exit India Rather Than Compromise Its Encryption

Jan 5, 2023

from the principles-matter dept Signal ensures its users’ security and privacy by encrypting their messages and refusing to collect a bunch of data governments or malicious hackers might find useful or interesting. That hasn’t made it many friends in governments (except with government officials who utilize the service to dodge public records requests). An FBI official once compared Signal creator Moxie Marlinspike to a KKK member, which gives you some idea how entities, whose demands f ...read more

Elon Musk’s Twitter deal has to close by Friday or the trial is back on

Jan 5, 2023

Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. Musk is expected to close the deal by Friday, October 28, putting him officially in charge of one of the most prominent social networks in the world. Musk reportedly informed bankers of his plans to adhere to an October 28 deadline in a call on Monday. A collection of banks including Morgan Stanley and Bank of America is footing his purchase with $13 bi ...read more

Reddit Wins Against FOSTA Lawsuit: 9th Circuit Says FOSTA Requires Knowledge Of Violation

Jan 5, 2023

from the fosta-doesn't-do-what-you-want-it-to-do dept There’s this weird thing that people who hate Section 230 continue to ignore: that if you just take away Section 230, it doesn’t magically make companies liable for the actions of their users. If you studied the history of Section 230 (i.e., read Jeff Kosseff’s excellent book on the topic) or just had a passing familiarity with the nature of concepts such as scienter and mens rea, you might understand these things. But most people, f ...read more

Meta posts another revenue decline as investors voice metaverse concerns

Jan 5, 2023

Earlier this year, Meta posted its first quarterly revenue decline. Once again, Meta’s financials aren’t inspiring much faith in its investors this quarter. Meta’s revenue declined 4% year over year to hit $27.7 billion; but Meta CFO David Wehner pointed out on the earnings call today that some of this decline is owed to inflation. Meanwhile, net income was just $4.395 billion, down from $9.194 billion year over year. This decline in income is mostly due to Meta’s huge investment ...read more

Astronomers are finalizing a 3.2 gigapixel camera that'll map the sky over a decade

Jan 5, 2023

Something to look forward to: Engineers at the SLAC National Accelerator Laboratory in California are finalizing work on what will be the world's largest digital camera. The 3,200-megapixel camera (that's 3.2 gigapixels) will be the crown jewel of the Vera C. Rubin Observatory's telescope, which is currently under construction in Chile. The camera features a 25-foot mirror to collect light and a 5.5-foot lens for focusing duties. According to Rubin Observatory Deputy Director Aaron Roodman, b ...read more

Brazil’s Governments Amps Up Anti-Free Speech Tactics Ahead Of National Election

Jan 5, 2023

from the gotta-keep-the-public-in-check-if-you-want-to-keep-on-winning dept The Brazilian government — under the “leadership” of Donald Trump Mutual Admiration Society member Jair Bolsonaro — has been steadily cracking down on free speech under the guise of saving the public from “fake news” and other misinformation. Over the past few years, it has ramped up efforts to eradicate content and reporting that it calls “fake news,” a term that refers to criticism of the ruling part ...read more