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July 18, 2024, 5:10 PM
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Top News

Hayden Field / CNBC:
OpenAI launches GPT-4o mini, a smaller, cheaper offshoot of GPT-4o, replacing GPT-3.5 Turbo, with support for all multimodal inputs and outputs coming soon  —  OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup's latest effort to expand use of its popular chatbot.
Simon Willison / Simon Willison's Weblog:
GPT-4o mini costs $0.15 per 1M input tokens and $0.60 per 1M output tokens, prices lower than those of Claude 3 Haiku and Gemini 1.5 Flash
Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B  —  Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $4.88 vs $4.74 per share expected by LSEG
Shaurya Malwa / CoinDesk:
Indian crypto exchange WazirX says one of its multisig wallets “experienced a security breach” after $230M+ in withdrawals; WazirX had $500M in holdings in June  —  One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post.
Elliptic:
Analysis: the North Korea-linked WazirX hackers took 200+ different assets, including $96.7M of Shiba Inu, $52.6M of Ether, $11M of Matic, and $7.6M of Pepe
Emma Roth / The Verge:
Apple is launching new immersive video content for the Vision Pro over the next few months, including content from The Weeknd and the 2024 NBA All-Star Weekend  —  Apple is launching new “immersive” video content for the Vision Pro over the next few months, including one from The Weeknd …
Michael Nuñez / VentureBeat:
Nvidia and Mistral release Mistral NeMo, a 12B-parameter language model with a 128K-token context window, available under the Apache 2.0 open-source license  —  Nvidia and French startup Mistral AI jointly announced today the release of a new language model designed to bring powerful AI capabilities directly to business desktops.
Financial Times:
Sources: Meta has explored a multibillion-euro investment in eyewear group EssilorLuxottica, which makes the Ray-Ban Meta glasses, to expand its partnership  —  Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership
Bloomberg:
Sources: Apple has spoken to many of the largest Hollywood studios about acquiring more programming from their libraries to offer customers in the US and abroad  —  - Apple TV+ has relied on original series like ‘Ted Lasso’ … The iPhone maker has spoken to several of the largest studios …
Emma Roth / The Verge:
Google, OpenAI, Microsoft, Nvidia, and others form the Coalition for Secure AI to share best practices and open-source methodologies for secure AI deployment  —  Google, OpenAI, Microsoft, Amazon, Nvidia, Intel, and other big names in AI are coming together to form the Coalition for Secure AI …
Joseph Cox / 404 Media:
Leaked documents: Cellebrite couldn't forcibly unlock an iPhone running iOS 17.4 or newer as of April 2024; most of the listed Android devices could be unlocked  —  Cellebrite, the well-known mobile forensics company, was unable to unlock a sizable chunk of modern iPhones available on the market …
Ryan Dinsdale / IGN:
Nintendo unveils a Joy-Con charging stand for the Switch, over seven years after launching the console, available on October 17, but doesn't announce a price  —  Better late than never.  —  Nintendo has announced an official Joy-Con charging stand for the Nintendo Switch …
The Information:
An ex-Reality Labs manager says Meta asked the unit to cut spending by ~20% from 2024 to 2026; Meta plans two Quest 4 versions in 2026 and a Quest Pro 2 in 2027  —  Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams.
Marina Temkin / TechCrunch:
Docs: Canadian PE firm PartnerOne paid $28.2M for HeadSpin, whose 2023 revenue was $21M and its Q1 2024 was $5M; HeadSpin was valued at $1.1B in 2020  —  Canadian private equity firm PartnerOne paid $28.2 million for HeadSpin, a mobile app testing startup whose founder has been sentenced …
Spencer Soper / Bloomberg:
Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152  —  - Discounts on electronics, small appliances drove spending  — Amazon sale prompts rival retailers to offer their own deals
New York Times:
How Spain relies on the VioGén algorithm to score the likelihood of recurring domestic violence and decide protection measures, with at times fatal consequences  —  Spain has become reliant on an algorithm to score how likely a domestic violence victim is to be abused again …
Sheila Chiang / CNBC:
TSMC reports Q2 revenue up 40.1% YoY to ~$20.82B and net income up 36.3% YoY to ~$7.62B, both above estimates, as advanced AI chip demand continues to surge  —  Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter …
Bloomberg:
Block's Cash App plans to close its UK operations on September 15, after launching in 2018, as the company “deprioritizes global expansion” to focus on the US  —  The platform, which provides money transfers via a mobile app, will shut on Sept. 15, the company told customers on Thursday.

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This is a Techmeme archive page. It shows how the site appeared at 5:10 PM ET, July 18, 2024.

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From Mediagazer

Jim Milliot / Publishers Weekly:
News Corp's HarperCollins reports Q1 revenue up 4% YoY to $546M, led by a 15% YoY gain in digital sales; JD Vance's Hillbilly Elegy led titles with ~1.5M copies

Variety:
AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash

Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel

More News

Earlier Picks

Cagan Koc / Bloomberg:
China has been ASML's biggest market for four quarters in a row; China sales rose 21% YoY to €2.3B in Q2 2024 and accounted for 49% of ASML's Q1 and Q2 sales
Chance Miller / 9to5Mac:
Apple says OpenELM doesn't power any AI features, including Apple Intelligence, after an investigation found Apple had used YouTube subtitles to train the model
Jess Weatherbed / The Verge:
Spotify launches an AI DJ that speaks Spanish in beta for Premium users in markets where its English-language DJ is available, alongside Spain and Latin America
Tom Warren / The Verge:
Microsoft launches its AI-powered Designer app out of preview on iOS and Android, letting users create images, stickers, and more, expanding on the web client
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