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July 18, 2024, 4:15 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
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
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
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.
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 …
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 …
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
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 …
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
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.
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 …
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 …
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 …
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.
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 …

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This is a Techmeme archive page. It shows how the site appeared at 4:15 PM ET, July 18, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Bill Donahue / Billboard:
Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

More News

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

Earlier Picks

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
Vitalik Buterin:
People in crypto should not choose political allegiances based on who claims to be “pro-crypto”, as such politicians might go against crypto's underlying goals
Carl Franzen / VentureBeat:
OpenAI researchers detail an algorithm by which LLMs can learn to better explain themselves to their users and improve the legibility of their outputs
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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