Businesses

Troubled Toshiba Announces Buyout Offer Led By Japan Businesses (apnews.com) 18

Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around. From a report: The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial Partners starts Tuesday and is priced at 4,620 yen ($32) a share. Chairperson Akihiro Watanabe asked shareholders to back the proposal, saying it is the only option for Toshiba to return to its former strength.

[...] Tokyo-based Toshiba also reported a 25 billion yen ($176 million) loss for the April-June quarter on 704 billion yen ($5 billion) in sales, down nearly 5% from the previous year. It did not give a full fiscal year profit projection, citing uncertainties in its computer chip business. If the proposal succeeds, it will be a major step in Toshiba's yearslong turnaround effort, allowing it to delist from the Tokyo Stock Exchange.

Red Hat Software

Jon 'maddog' Hall Defends Red Hat's Re-Licensing of RHEL (lpi.org) 101

In February of 1994 Jon "maddog" Hall interviewed a young Linus Torvalds (then just 24). Nearly three decades later — as Hall approaches his 73rd birthday — he's shared a long essay looking back, but also assessing today's controversy about Red Hat's licensing of RHEL. A (slightly- condensed] excerpt: [O]ver time some customers developed a pattern of purchasing a small number of RHEL systems, then using the "bug-for-bug" compatible version of Red Hat from some other distribution. This, of course, saved the customer money, however it also reduced the amount of revenue that Red Hat received for the same amount of work. This forced Red Hat to charge more for each license they sold, or lay off Red Hat employees, or not do projects they might have otherwise funded. So recently Red Hat/IBM made a business decision to limit their customers to those who would buy a license from them for every single system that would run RHEL and only distribute their source-code and the information necessary on how to build that distribution to those customers. Therefore the people who receive those binaries would receive the sources so they could fix bugs and extend the operating system as they wished.....this was, and is, the essence of the GPL.

Most, if not all, of the articles I have read have said something along the lines of "IBM/Red Hat seem to be following the GPL..but...but...but... the community! "

Which community? There are plenty of distributions for people who do not need the same level of engineering and support that IBM and Red Hat offer. Red Hat, and IBM, continue to send their changes for GPLed code "upstream" to flow down to all the other distributions. They continue to share ideas with the larger community. [...]

I now see a lot of people coming out of the woodwork and beating their breasts and saying how they are going to protect the investment of people who want to use RHEL for free [...] So far I have seen four different distributions saying that they will continue the production of "not RHEL", generating even more distributions for the average user to say "which one should I use"? If they really want to do this, why not just work together to produce one good one? Why not make their own distributions a RHEL competitor? How long will they keep beating their breasts when they find out that they can not make any money at doing it? SuSE said that they would invest ten million dollars in developing a competitor to RHEL. Fantastic! COMPETE. Create an enterprise competitor to Red Hat with the same business channels, world-wide support team, etc. etc. You will find it is not inexpensive to do that. Ten million may get you started.

My answer to all this? RHEL customers will have to decide what they want to do. I am sure that IBM and Red Hat hope that their customers will see the value of RHEL and the support that Red Hat/IBM and their channel partners provide for it. The rest of the customers who just want to buy one copy of RHEL and then run a "free" distribution on all their other systems no matter how it is created, well it seems that IBM does not want to do business with them anymore, so they will have to go to other suppliers who have enterprise capable distributions of Linux and who can tolerate that type of customer. [...]

I want to make sure people know that I do not have any hate for people and companies who set business conditions as long as they do not violate the licenses they are under. Business is business.

However I will point out that as "evil" as Red Hat and IBM have been portrayed in this business change there is no mention at all of all the companies that support Open Source "Permissive Licenses", which do not guarantee the sources to their end users, or offer only "Closed Source" Licenses....who do not allow and have never allowed clones to be made....these people and companies do not have any right to throw stones (and you know who you are).

Red Hat and IBM are making their sources available to all those who receive their binaries under contract. That is the GPL.

For all the researchers, students, hobbyists and people with little or no money, there are literally hundreds of distributions that they can choose, and many that run across other interesting architectures that RHEL does not even address.

Hall answered questions from Slashdot users in 2000 and again in 2013.

Further reading: Red Hat CEO Jim Whitehurst answering questions from Slashdot readers in 2017.

Businesses

India Delays Laptop Import Restrictions Order (techcrunch.com) 8

India is delaying the implementation of its import limitations on laptops, tablets, and servers, a day after the unexpected regulation left electronic industry giants in a state of disruption and uncertainty. From a report: New Delhi will provide a "transition period" before implementing the amended import policy, India's Deputy IT Minister Rajeev Chandrasekhar said Friday. The government will offer at least one month to companies to obtain licenses, a government official told local reporters. India's Ministry of Commerce announced Thursday that the new restrictions on import of consumer electronic devices were going into effect immediately. The notification said the government will permit import against a valid license for restricted products. The restriction will also not apply to passengers carrying the mentioned devices in their baggage.
Privacy

Brave Cuts Ties With Bing To Offer Its Own Image and Video Search Results (theregister.com) 14

Brave Software, maker of the Brave web browser, has tuned its search engine to run on a homegrown index of images and videos in an effort to end its dependency on "Big Tech" rivals. The Register reports: On Thursday, the company said that image and video results from Brave Search -- available on the web at search.brave.com and via its browser -- will be served from Brave's own index. Search indexes are made by visiting online resources -- typically web pages, images, videos, or other files -- with a crawler bot and recording the locations of these resources in a database. And when an internet user submits a query to a search engine, the search engine checks its index (and possible other sources) to find the addresses of resources that correspond to the query keywords. There's actually a lot more to it but that's the basic idea.

Brave now aims to ride the wave of discontent with "Big Tech" by highlighting its commitment to privacy and independence â" small tech. "Brave Search is 100 percent private and anonymous, which sets a high bar for image/video search to meet," the company said in a blog post provided to The Register. "Whether it's a matter of personal safety or personal preference, users should be able to discover content without their search engine reporting and profiling those results to a Big Tech company." [...] Brave argues that having its own index frees the company from content decisions made by others.
"Brave is on a mission to build a user-first Web," the company said in its blog post. "That mission starts with the Brave browser and Brave Search. With the release of image and video search, we're continuing to innovate within the search industry, providing viable and preferable products for users who want choice and transparency in their search for information online."
Advertising

Walmart Is Bringing Digital Ads To An Aisle Near You 46

According to CNBC, Walmart shoppers "will soon see more third-party ads on screens in Walmart self-checkout lanes and TV aisles; hear spots over the store's radio; and be able to sample items at demo stations." From the report: For Walmart, selling ad space to its wealth of existing partners is another way to capitalize on the company's huge reach and to expand into higher-margin businesses. The discounter has nearly 4,700 stores across the U.S., with roughly 90% of Americans living within 10 miles of a Walmart store. In the U.S., about 139 million customers visit Walmart stores and its website or app each week.

The company plans to ramp up in-store ads using its approximately 170,000 digital screens across its locations as well as 30-second radio spots that will be available to suppliers later this year and can target a specific store or region. And it's hoping at least one of the new advertising initiatives will be easy to digest: free samples in stores on the weekends. It tried out the new in-house approach of selling sampling stations in Dallas-Fort Worth and plans to offer the option in more than 1,000 stores across the country by the end of January.

Advertising still drives a small sliver of Walmart's overall revenue. Its global advertising business hit $2.7 billion in the most recent fiscal year, which ended in late January. That's less than 1% of Walmart's total annual revenue. Yet it is becoming a more meaningful growth engine for Walmart. CEO Doug McMillon said earlier this year that he expects company profits to grow faster than sales over the next five years, driven in part by higher-margin businesses, including advertising. In the most recent fiscal year, Walmart's global ads business grew nearly 30% and its U.S. ads business, Walmart Connect, rose about 40%. That's a sharper gain than the approximately 7% increase in Walmart's total revenue and Walmart U.S. net sales during the period.
AI

Meta Is Reportedly Planning An Abe Lincoln Chatbot As Part of a Public AI Push 19

According to the Financial Times, Meta is preparing to launch AI-enabled chatbots with unique personalities, such as a surfer personality and a chatbot based on Abraham Lincoln. Engadget reports: This is an attempt to boost engagement across Meta's social media platforms, as human-like discussions tend to be more interesting than droll robotic responses. The company hasn't announced which of these platforms would host Abe Lincoln and his pals, though previous reports indicated Instagram, Messenger and WhatsApp would be recipients of this new technology. Meta staffers are calling these chatbots "personas" and they could launch as soon as September. These personas will provide a new way to search and they'll even offer recommendations, similar to how current chatbots work, though ChatGPT and the rest don't have Abraham Lincoln on the payroll (just don't ask him about the best local opera houses.)

FT notes that the chatbots could also collect vast amounts of personal data, something Meta has never shied away from. After all, you'll likely share more personal details with a human-like companion than one devoid of personality. The vast majority of Meta's yearly revenue comes from advertising, so go ahead and tell your good friend Abe all about your likes and dislikes. What's the worst that could happen?
Hardware

A Room-Temperature Superconductor? New Developments (science.org) 102

Derek Lowe, a medicinal chemist and freelance writer on science and pharmaceutical topics, comments on the latest developments around last week's remarkable claim of a well-above-room-temperature superconducting material at ambient pressure, dubbed LK-99. Here's an excerpt from his post: As of this morning, there are (as yet not really verified) reports of replication from the Huazhong University of Science and Technology in China. At least, a video has been posted showed what could be a sample of LK-99 levitating over a magnet due to the Meissner effect, and in different orientations relative to the magnet itself. That's important, because a (merely!) paramagnetic material can levitate in a sufficiently strong field (as can diamagnetic materials like water droplets and frogs), but these can come back to a particular orientation like a compass needle. Superconductors are "perfect diamagnets," excluding all magnetic fields, and that's a big difference. The "Meissner effect" that everyone has been hearing about so much is observed when a material first becomes superconductive at the right temperature and expels whatever magnetic fields were penetrating it at the time. All this said, we're having to take the video on the statements of whoever made/released it, and there are other possible explanations for the it that do not involve room-temperature superconductivity. I will be very happy if this is a real replication, but I'm not taking the day off yet to celebrate just based on this.

And even though I'm usually more of an experimental-results guy than a theory guy, two other new preprints interest me greatly. One is from a team (PDF) at the Shenyang National Laboratory for Materials Science, and the other (PDF) is from Sinead Griffin at Lawrence Berkeley. Both start from the reported X-ray structural data of LK-99 and look at its predicted behavior via density functional theory (DFT) calculations. And they come to very similar conclusions: it could work. This is quite important, because this could mean that we don't need to postulate completely new physics to explain something like LK-99 - if you'd given the starting data to someone as a blind test, they would have come back after the DFT runs saying "You know, this looks like it could be a really good superconductor..." [...]

I am guardedly optimistic at this point. The Shenyang and Lawrence Berkeley calculations are very positive developments, and take this well out of the cold-fusion "we can offer no explanation" territory. Not that there's anything wrong with new physics (!), but it sets a much, much higher bar if you have to invoke something in that range. I await more replication data, and with more than just social media videos backing them up. This is by far the most believable shot at room-temperature-and-pressure superconductivity the world has seen so far, and the coming days and weeks are going to be extremely damned interesting.

XBox (Games)

Microsoft Now Offers Xbox Wireless Controller Replacement Parts For DIY Repairs (neowin.net) 28

Microsoft is extending the repairability program it introduced for its Surface PC products to include replacement parts for its Xbox Wireless Controller and Xbox Elite Controller Series 2 products. Neowin reports: The page on the Microsoft Store site shows that replacement parts are available for the top case for both versions of the controller, along with replacement buttons. In addition, Microsoft is selling Replacement Input PCBA boards for those Xbox controllers, along with the Replacement PCBA and Motor Assembly parts as well. The parts do come with a one-year warranty.

In a new support page, Microsoft makes it clear that these parts should only be purchased and used for Xbox controllers that are out of their normal warranty period. On another support page, the company adds: "These types of repairs require moderate technical skill, and are suited for enthusiasts, professionals, or those with prior experience in electronic disassembly. If this is your first attempt at performing a repair, use caution and follow our safety recommendations and step-by-step instructions."

Microsoft also says that certain tools, which are not directly sold by the company, will be needed to replace and repair the controllers. They include a plastic pry tool, TR8 and T5 Torx screwdriver bits and plastic tweezers. Microsoft does offer PDF files (PDF) and even offers YouTube video tutorials for repairing the Xbox Wireless Controller and the Xbox Elite Wireless Controller Series 2.

AI

Dell Is All In On Generative AI (theverge.com) 18

It isn't just software companies looking to enter the generative AI fray. Dell, the PC maker, is going all in on generative AI and offering hardware to run powerful models and a new platform to help organizations get started. From a report:The company released what it calls Dell Generative AI Solutions for clients to set up access to large language models and create generative AI projects. The company will offer new hardware setups, a managed service platform, and computers to run generative AI projects faster.

Dell is known for releasing laptops and monitors, but the company also produces server racks and other enterprise hardware. While the more public face of the AI arms race is between developers of large language models like Meta, OpenAI, and Google, another group of tech companies is looking into how to cash in on the technology. From hardware providers to cloud providers, everyone believes they need an AI service to keep up as clients want to add more AI capabilities to their businesses.

Businesses

Amazon Modifies Ad Revenue, Impressions Share Policy for International Fire TV Apps (streamtvinsider.com) 18

Amazon will soon require international app developers who offer ad-supported streaming video services available to Fire TV users to opt into their in-house ad publishing service or, where unavailable, offer up a cut of their ad revenue. From a report: Starting September 1, Amazon will enforce a new developer policy that requires domestic and foreign streaming services to allocate 30% of their in-country advertising impressions to Amazon. Developers who offer up ad-supported Fire TV apps in the United States and whose apps see 50,000 hours or more usage in a given month will be required to enroll in Amazon Publishing Services (APS). The same applies for ad-supported Fire TV apps developed and distributed outside the United States, except the threshold is lowered to 30,000 hours of use per month.

In countries where APS isn't available, Amazon will require ad-supported streaming video services to provide 30% of their ad revenue to the company, starting September 30. Amazon will contact app developers in those countries to notify them of the requirement, the developer's note said.

AI

Companies Double Down on AI in June-Quarter Analyst Calls (reuters.com) 12

It's a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. From a report: S&P 500 companies that led in discussion of AI during quarterly conference calls with analysts earlier this year have outdone themselves in their latest quarterly calls. Following Intel's report late on Thursday, executives and analysts on its call mentioned AI 58 times, up from 15 mentions in its previous call in April.

Intel so far has missed out on the boom in components for AI computing, and sales in its data center and AI business fell 15% in the second quarter. Intel is now rushing to catch up with Nvidia and other rivals whose chips enable the technology behind ChatGPT. A 6.6% surge in Intel's shares on Friday following its report was due to optimism about a recovery in weak demand for personal computers.

Participants on Alphabet's analyst call on Tuesday mentioned AI 62 times, up from 52 times three months ago. The same day, AI was mentioned 58 times on Microsoft's call, up from 35 times in its previous call. The recent surge in companies talking about their plans related to AI reflects Wall Street's recent overwhelming optimism about using generative AI and related technologies to offer new services and boost efficiency across a spectrum of industries. That has helped fuel a 37% surge in the Nasdaq this year and a 20% gain in the S&P 500.

Printer

Inside the World's Largest 3D-Printed Neighborhood In Texas (cnn.com) 46

The world's largest community of 3D-printed homes, located in Texas, has unveiled its first completed house. CNN reports: With walls "printed" using a concrete-based material, the single-story structure is the first of 100 such homes set to welcome residents starting September. The community is part of a wider development in Georgetown, Texas called Wolf Ranch. It's located about 30 miles north of Austin, the state capital, and is a collaboration between Texas construction firm ICON, homebuilding company Lennar and Danish architecture practice Bjarke Ingels Group (BIG). On Saturday prospective buyers toured around the finished model home at the project's grand opening, and some of the units have already sold, ICON spokesperson Cara Caulkins told CNN via email.

Images of the newly completed building shared by the company show brightly lit interiors and curved gray walls. The walls are made from a concrete mix called Lavacrete, which is piped into place using 46-foot-wide robotic printers. After the walls are printed, the doors, windows and roofs -- all of which are equipped with solar panels -- are installed. ICON says more than a third of the homes' walls have now been printed, and the properties currently on offer are being sold at $475,000 to $599,000. The 3D-printed homes range in size from 1,500 to 2,100 square feet and have three to four bedrooms.

Communications

Arrival of eSIM is Altering How Consumers Interact With Operators (opensignal.com) 106

OpenSignal blog: While eSIM adoption in the mobile market has been arriving for some time, Apple's move to make eSIM the only option for iPhone 14 range in the U.S. is propelling the worldwide shift towards eSIM technology. Opensignal's latest analysis reveals a significant surge in the proportion of users switching their operator among those who use an eSIM across seven examined markets -- Brazil, Indonesia, Singapore, South Korea, Taiwan, the U.K. and the U.S.

The switch from physical to embedded SIM cards threatens to alter how consumers switch operators and encourages operators to adopt new tactics to retain and acquire users, for example operators can offer network trials from within an app that provisions an eSIM immediately. eSIM also means the risks to operators of dual SIM devices that have long been common in many international markets are arriving in operator-controlled markets too, such as the U.S. and South Korea. Even on smartphones sold by operators, eSIM support is usually present in addition to a physical SIM, making them dual-SIM devices.

Google added eSIM-support to the Pixel range in 2017, Samsung added eSIM support to 2019's Galaxy S20 flagship. While Apple first added eSIM to their phones in 2018 with the iPhone Xs, it switched to selling exclusively eSIM models in the U.S. with the iPhone 14 range in late 2022. South Korea is also a special case -- eSIM support for domestic customers only began in mid-2022, before this point it was only available to international travelers. Notably, Samsung responded by introducing eSIM to a selection of its flagship devices in the home market, which had not been previously available there.

AI

Facing More Nimble Rivals, OpenAI Won't Bend (semafor.com) 17

Customers have asked to run OpenAI models on non-Microsoft cloud services or on their own local servers, but OpenAI has no immediate plans to offer such options, Semafor reported Wednesday, citing people familiar with the matter. From the report: That means there's one area where rivals of the ChatGPT creator have an edge: flexibility. To use OpenAI's technology, paying customers have two choices: They can go directly through OpenAI or through investment partner Microsoft, which has inked a deal to be the exclusive cloud service for OpenAI.

Microsoft will not allow OpenAI's models to be available on other cloud providers, according to a person briefed on the matter. Companies that exclusively use rivals, such as Amazon Web Services, Google Cloud or Oracle, can't be OpenAI customers. But Microsoft would allow OpenAI models to be offered "on premises" in which customers build their own servers. Creating such solutions would pose some challenges, particularly around OpenAI's intellectual property. But it is technically feasible, this person said.

AI

AI Watches Millions of Cars and Tells Cops if You Might Be a Criminal (forbes.com) 155

Forbes' senior writer on cybersecurity writes on the "warrantless monitoring of citizens en masse" in the United States.

Here's how county police armed with a "powerful new AI tool" identified the suspicious driving pattern of a grey Chevy owned by David Zayas: Searching through a database of 1.6 billion license plate records collected over the last two years from locations across New York State, the AI determined that Zayas' car was on a journey typical of a drug trafficker. According to a Department of Justice prosecutor filing, it made nine trips from Massachusetts to different parts of New York between October 2020 and August 2021 following routes known to be used by narcotics pushers and for conspicuously short stays. So on March 10 last year, Westchester PD pulled him over and searched his car, finding 112 grams of crack cocaine, a semiautomatic pistol and $34,000 in cash inside, according to court documents. A year later, Zayas pleaded guilty to a drug trafficking charge.

The previously unreported case is a window into the evolution of AI-powered policing, and a harbinger of the constitutional issues that will inevitably accompany it... Westchester PD's license plate surveillance system was built by Rekor, a $125 million market cap AI company trading on the NASDAQ. Local reporting and public government data reviewed by Forbes show Rekor has sold its ALPR tech to at least 23 police departments and local governments across America, from Lauderhill, Florida to San Diego, California. That's not including more than 40 police departments across New York state who can avail themselves of Westchester County PD's system, which runs out of its Real-Time Crime Center... It also runs the Rekor Public Safety Network, an opt-in project that has been aggregating vehicle location data from customers for the last three years, since it launched with information from 30 states that, at the time, were reading 150 million plates per month. That kind of centralized database with cross-state data sharing, has troubled civil rights activists, especially in light of recent revelations that Sacramento County Sheriff's Office was sharing license plate reader data with states that have banned abortion...

The ALPR market is growing thanks to a glut of Rekor rivals, including Flock, Motorola, Genetec, Jenoptik and many others who have contracts across federal and state governments. They're each trying to grab a slice of a market estimated to be worth at least $2.5 billion... In pursuit of that elusive profit, the market is looking beyond law enforcement to retail and fast food. Corporate giants have toyed with the idea of tying license plates to customer identities. McDonalds and White Castle have already begun using ALPR to tailor drive-through experiences, detecting returning customers and using past orders to guide them through the ordering process or offer individualized promotion offers. The latter restaurant chain uses Rekor tech to do that via a partnership with Mastercard.

A senior staff attorney at the ACLU tells Forbes that "The scale of this kind of surveillance is just incredibly massive."

Thanks to long-time Slashdot reader Geek_Cop for sharing the article.
Social Networks

Telegram Adds Stories For Premium Subscribers (9to5mac.com) 10

Telegram is introducing a new Stories feature that is currently only available for Premium subscribers but will be available to all users eventually. 9to5Mac reports: With Telegram Stories, users are able to share photos and videos that disappear after a while. However, Telegram is trying to do more than its competitors. For instance, users can choose whether a Story will expire after 6, 12, 24, or 48 hours. Most apps make Stories disappear after 24 hours. Telegram also lets users create lists with different contacts for each Story. This means that you can share a specific Story with your best friends and another one just for your coworkers. The interface is similar to what you find in other apps that already offer Stories, with a list of available Stories at the top of the list of chats. Also similar to the Stories feature in apps like Instagram and Snapchat, you can send reactions and reply to someone else's Story. However, there's a catch.

While everyone can see Telegram Stories, only those who pay for Telegram Premium can post Stories. "Posting stories is currently available only to subscribers," a message in the app says when non-Premium users try to create a new Story. It's uncertain whether the Stories feature will become free for everyone eventually, but the term "currently" suggests it will. According to Durov, although the Telegram team was initially against the idea of having Stories in the app, the feature was one of the most requested by its users. "Even the skeptics on our team started to appreciate this feature. We can no longer imagine Telegram without it," he said last month.

Encryption

Apple Slams UK Surveillance-bill Proposals, Threatens To Remove FaceTime and iMessage (bbc.com) 61

Apple says it will remove services such as FaceTime and iMessage from the UK rather than weaken security if new proposals are made law and acted upon. From a report: The government is seeking to update the Investigatory Powers Act (IPA) 2016. It wants messaging services to clear security features with the Home Office before releasing them to customers. The act lets the Home Office demand security features are disabled, without telling the public.

Under the update, this would have to be immediate. Currently, there has to be a review, there can also be an independent oversight process and a technology company can appeal before taking any action. Because of the secrecy surrounding these demands, little is known about how many have been issued and whether they have been complied with. But many messaging services currently offer end-to-end encryption - so messages can be unscrambled by only the devices sending and receiving them.

The Almighty Buck

Fed Launches Long-Awaited Instant Payments Service, Modernizing System (reuters.com) 104

The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday. From a report: The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years. FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase, Bank of New York Mellon, and US Bancorp, but the Fed plans to onboard more banks and credit unions this year.

The Fed said on Thursday in a statement that 35 banks and credit unions were currently utilizing the service, as well as the Treasury Department's Bureau of Fiscal Service. The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. But many have since agreed to participate on the basis FedNow will allow them to expand the services they can offer clients. "For us, FedNow really is a wonderful way of expanding reach," said Anu Somani, head of global payables and embedded payments at U.S. Bank. Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts.

Businesses

Netflix Gains Nearly 6 Million Subscribers As Paid Sharing Soars (techcrunch.com) 22

A year after its largest quarterly loss and a significant drop in subscribers, Netflix has made a remarkable recovery by adding 5.9 million global subscribers in the second quarter of 2023, surpassing analyst expectations. TechCrunch reports: The subscriber addition far exceeds industry guidance; analysts forecasted an increase of 1.7 million subs. Netflix ended Q1 with 232.5 million users. Netflix's quarterly earnings results arrive a few hours after news broke out that the streamer dropped its basic plan in the U.S. and the U.K.

Netflix's significant subscriber gain this quarter reflects the impact of its paid sharing rules. Netflix wrote in its letter to shareholders, "In May, we successfully launched paid sharing in 100+ countries, representing more than 80% of our revenue base." The company added that today it's rolling out paid sharing to "almost all the remaining countries," including Croatia, Kenya, Indonesia and India. Netflix reported $8.2 billion in revenue and a net income of $1.5 billion.

Microsoft

Microsoft To Offer Some Free Security Products After Criticism (reuters.com) 16

Microsoft is expanding its suite of free security tools for customers, the software company said on Wednesday, following criticism that it was charging clients to protect themselves against Microsoft's mistakes. From a report: The move follows a high-level hack that allowed allegedly Chinese spies to steal emails from senior U.S. officials - and complaints from security specialists and lawmakers against paying for tools In a blog post published on Wednesday, Microsoft said the advanced features in Microsoft's auditing suite - which it calls Microsoft Purview - would be available to all customers "over the coming months." Although not enough to prevent hacks on their own, digital auditing tools are critical for helping organizations figure out whether intruders are in their network, how they got in and how to get them out.

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