Others

Photoshop’s new generative AI feature lets you ‘uncrop’ images

July 27, 2023
Adobe is building on Firefly, its family of generative AI models, with a feature in Photoshop that “expands images beyond their original bounds,” as the company describes it. Aptly called Generative Expand, the capability, available in the beta version of Photoshop, lets users expand and resize images by clicking and dragging the Crop tool, which […]

a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’

July 27, 2023
The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences. Eco Inc, an a16z-backed payments startup that’s raised $95 million in funding to date, just unveiled a decentralized payments project called Beam. In an interview with TechCrunch, the company’s CEO Andy […]

US government contractor says MOVEit hackers accessed health data of ‘at least’ 8 million individuals

July 27, 2023
U.S. government services contracting giant Maximus has confirmed that hackers exploiting a vulnerability in MOVEit Transfer accessed the protected health information of as many as 11 million individuals. Virginia-based Maximus contracts with federal, state, and local governments to manage and administer government-sponsored programs, such as Medicaid, Medicare, healthcare reform, and welfare-to-work.  In an 8-K filing […]

EU opens competition probe of Microsoft bundling Teams with Office 365

July 27, 2023
The European Union has finally announced a formal antitrust investigation of Microsoft’s bundling of Teams with Office 365 and Microsoft 365. The move comes two years after rival workplace comms company Slack complained to the bloc that Microsoft was unfairly bundling the collaboration and comms software with its popular cloud-based productivity suites for business. Announcing […]

Upgrade acquires travel-focused BNPL startup Uplift for a song

July 27, 2023
Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift was hoping for — and a sign of serious consolidation in the BNPL space, which […]

Reddit is testing its own verification mark and new accessibility features

July 27, 2023
After Twitter’s (now X) rollout of a new paid plan offering verification, other social media companies like Meta, LinkedIn, and Tumblr have tried to implement their own badges. Reddit is now joining the bandwagon by testing a new “official” badge. The company said it is testing these labels with a small set of profiles as […]

Samsung extends cut in memory chip production, will focus on high-end AI chips instead

July 27, 2023
Samsung Electronics continues to cut back its memory chip production, including NAND flash used in smartphones and PCs, after reporting a $3.4 billion (4.36 trillion won) operating loss in the second quarter of this year in its memory chip unit. The world’s biggest memory chip maker posted a roughly $7 billion operating loss in its […]