Computer vision summit CVPR has just (virtually) taken place, and like other CV-focused conferences, there are quite a few interesting papers. More than I could possibly write up individually, in fact, so I’ve collected the most promising ones from major companies here. Facebook, Google, Amazon and Microsoft all shared papers at the conference — and […] …Continue Reading

Facebook is no longer betting on Lasso, an app it launched a year and a half ago, to take on TikTok . The social juggernaut’s TikTok clone is shutting down on July 10, Lasso alerted users on Wednesday. Launched in late 2018, Lasso was seen as Facebook’s answer to TikTok that’s gained ground with young users, […] …Continue Reading

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups […] …Continue Reading

Instagram Stories has grown to become one of Facebook’s best products to date. As of last year, roughly half of Instagram’s users — or 500 million people — were interacting with Stories on a daily basis. That’s nearly double the entire daily active user base of all of Snapchat, which first popularized the Stories format. […] …Continue Reading

Facebook’s recently launched app, Hobbi, an experiment in short-form content creation around personal projects, hobbies, and other Pinterest-y content, is already shutting down. The app first arrived on iOS in February as one of now several launches from Facebook’s internal R&D group, the NPE Team. Hobbi users have now been notified by way of push […] …Continue Reading

Facebook took action to remove a network of accounts Tuesday related to the “boogaloo” movement, a firearm-obsessed anti-government ideology that focuses on preparing for and potentially inciting a U.S. civil war. “As part of today’s action, we are designating a violent US-based anti-government network under our Dangerous Individuals and Organizations policy and disrupting it on […] …Continue Reading

In a new letter to Mark Zuckerberg, three Democratic lawmakers pressed the Facebook chief executive for accountability on his company’s role in amplifying white supremacy and allowing violent extremists, like those in “boogaloo” groups, to organize on its platform. Citing the “long-overdue” national reckoning around racial injustice, Senators Mazie Hirono (D-HI), Mark Warner (D-VA), and […] …Continue Reading

Facebook Avatars, which lets users customize a virtual lookalike of themselves for use as stickers in chat and comments, is now available in India, the social juggernaut’s biggest market by users account. The American firm said Tuesday it had launched Avatars to India as more social interaction moves online amid a nationwide lockdown in the […] …Continue Reading

As advertisers pull away from Facebook to protest the social networking giant’s hands-off approach to misinformation and hate speech, the company is instituting a number of stronger policies to woo them back. In a livestreamed segment of the company’s weekly all-hands meeting, CEO Mark Zuckerberg recapped some of the steps Facebook is already taking, and […] …Continue Reading

Advertiser momentum against Facebook’s content and monetization policies continues to grow. Last night, Verizon (which owns TechCrunch) said it will be pausing advertising on Facebook and Instagram “until Facebook can create an acceptable solution that makes us comfortable and is consistent with what we’ve done with YouTube and other partners.” Then today, it was joined […] …Continue Reading

Brazil, the second largest market for WhatsApp, has suspended the instant messaging app’s mobile payments service in the country a week after its rollout in what is the latest setback for Facebook. In a statement, Brazil’s central bank said it was taking the decision to “preserve an adequate competitive environment” in the mobile payments space […] …Continue Reading

As corporations fall over themselves to perform their mostly abrupt commitments to racial justice, a few companies are seizing the moment to call out Facebook for its own failings. A handful of the biggest names in outdoor gear have suspended ads across Facebook and Instagram for the month of July as part of #StopHateforProfit, an […] …Continue Reading

Over the past few months, COVID-19 has brought much of the fundraising community to a standstill. However, amidst it all India’s hyper0growth telco Reliance Jio Platforms has put its fundraising efforts into full gear. Over the past three months, Jio has raised over $15.5 billion from a cohort of investors that include prominent financial institutions […] …Continue Reading

It’s raised $5.7 billion from Facebook. It’s taken $1.5 billion from KKR, another $1.5 billion from Vista Equity Partners, $1.5 billion from Saudi Arabia’s Public Investment Fund, $1.35 billion from Silver Lake, $1.2 billion from Mubadala, $870 million from General Atlantic, $750 million from Abu Dhabi Investment Authority, $600 million from TPG, and $250 million from […] …Continue Reading

Facebook adds a personal off switch for political ads, T-Mobile lays off hundreds of Sprint employees and a content management platform raises $80 million. Here’s your Daily Crunch for June 17, 2020. 1. Facebook adds option for US users to turn off political ads, launches voting info hub Facebook made the controversial decision not to […] …Continue Reading