Breaking Tech News: Meta’s Video Transformation, Tesla’s Struggles, NASA on Netflix & More
Meta Transforms Facebook Video Sharing
Meta has announced a significant shift in how videos are shared on Facebook. Starting in the coming months, all videos, regardless of duration or format, will be shared as “reels.”
This decision aims to simplify the publishing process and consolidate editing tools, making reels appear in both the feed and the dedicated “videos” tab. Meta’s goal is to expand visibility and position reels as their star format, affirming the mantra “he who doesn’t show, doesn’t sell.”
Monetization for original content remains unchanged, ensuring existing program participants face no disruptions. This move is set to boost video visibility and engage new audiences.
Tesla’s Weak Quarter: Sales Drop Despite Production Boost
Elon Musk’s Tesla had a less-than-stellar quarter, delivering 384,122 vehicles between April and June—13% fewer than the previous year.
The company exceeded production but fell short on sales, experiencing a significant drop in Europe, with May marking the fifth consecutive month of decline. Tesla’s struggles contrast sharply with other electric vehicle (EV) manufacturers that are surging ahead.
In China, Tesla faced a 10% quarterly drop, with a modest June rebound not enough to reverse the trend. Even the highly anticipated Cybertruck failed to mitigate the overall downturn, raising questions about whether the initial hype is waning.
Apple Fined $110 Million for Patent Infringement
Apple has been ordered to pay $110 million to Spanish company Tot Power Control for violating a wireless communication patent. The ruling came from a federal jury in Delaware, based on a 2021 lawsuit.
Tot, specializing in intellectual property, successfully proved infringement on one of two disputed U.S. patents. This recent legal setback serves as a reminder that even tech giants must respect intellectual property rights.
NASA Partners with Netflix for Live Space Broadcasts
NASA has teamed up with Netflix to broadcast its space missions live starting this summer. The content will include rocket launches, space walks, and views of Earth from the International Space Station (ISS).
While an exact launch date hasn’t been set, the collaboration aims to reach Netflix’s 700 million users, taking NASA’s content to a broader audience. Despite the move to Netflix, content will remain available on NASA+.
Rio de Janeiro Aims to Become AI Powerhouse with Mega Project
The Mayor’s Office of Rio de Janeiro has announced a partnership with the Development Bank BNDES and other strategic allies to launch Rio Ai City, a megaproject aimed at transforming the city into a major data center hub in Latin America.
The $65 billion project includes building an AI campus in the Olympic Park, powered by 100% renewable energy. The facilities are expected to double their capacity from 1.8 to 3 gigawatts by 2032.
Supported by the Brazilian government and companies like Finep and Eletronuclear, this initiative seeks to position Rio as a leading AI ecosystem, akin to the futuristic Wakanda in the Marvel universe, combining innovation, digital sovereignty, and renewable energy.
Oracle Enters Cloud Services Multiverse
Oracle, a veteran in business software and databases, has announced a deal worth over $30 billion annually in cloud services, surpassing its current business segment size.
The agreement, said to start generating income in 2028, propels Oracle’s stock to a historic high. This move reinforces Oracle’s ambition to secure a prominent position in the digital multiverse, following its recent alliance with Microsoft to offer OpenAI computing power.
Digital Heist in Brazil: Cyber Attack Targets Financial Institutions
A cyber attack on software provider C&M Software compromised the reserve accounts of several financial institutions, including BMP, in Brazil. The Central Bank has disconnected C&M’s systems pending an investigation.
While BMP assured customers were not affected, the estimated theft was $74 million, highlighting the vulnerability of financial systems even inUsage the face of surgical cyberattacks.
