Tech Meta's Reality Labs unit reports Q2 revenue of $276M vs. $421M est., down from $339M in Q1 2023 and $452M in Q2 2022, and a $3.7B operating loss, vs. $3.5B est. (Jonathan Vanian/CNBC)
Tech Stability AI launches Stable Diffusion XL 1.0, an open-source text-to-image model that can yield 1MP resolution images "in seconds" in multiple aspect ratios (Kyle Wiggers/TechCrunch)
Tech Sources: CrowdStrike is in advanced negotiations to acquire Bionic, a security posture management platform for cloud services, for between $200M and $300M (Ingrid Lunden/TechCrunch)
Tech Protect AI, which offers security tools for AI systems, raised a $35M Series A led by Evolution Equity Partners, taking its total funding to $48.5M (Kyle Wiggers/TechCrunch)
Tech As droughts spread across Spain, the US, and elsewhere, communities are battling water-hungry data centers; Meta expects a €1B facility to use 665M liters/year (Bloomberg)
