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July 18, 2024, 12:55 PM
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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  —  Earlier today, Indian exchange WazirX suffered a major hack and a resulting loss of funds due to a suspected hack:
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 …
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.
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
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 …
Ina Fried / Axios:
Meta plans to withhold future multimodal AI models in the EU due to what the company calls a lack of clarity from regulators, but keep offering text-only models
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.
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 …
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 …
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 …
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  —  Over the last couple of years, “crypto” has become an increasingly important topic in political policy …
Arjun Kharpal / CNBC:
Global chip stocks fell sharply after reports of tighter export restrictions from the US and comments from Trump, who said Taiwan should pay the US for defense  —  WATCH NOW  —  Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions …
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
CNBC:
The Nasdaq fell 2.77% on July 17, its worst drop since December 2022, with ASML down 12.74%, NVDA down 6.62%, and META down 5.68%; TSMC on the NYSE fell 7.98%
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

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From Mediagazer

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Matthew Keys / The Desk:
DirecTV terminates its Dish acquisition after a group of Dish creditors rejected a modified bond exchange offer

More News

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
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
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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