Techmeme
July 22, 2024, 7:10 PM

Top News

Digiday:
Wes Davis / The Verge:
The EU tells Meta its “pay or consent” model for Facebook and Instagram may violate consumer protection laws, giving Meta until September 1 to propose changes  —  The European Union says it has notified Meta that its “pay or consent” model for Facebook and Instagram might violate consumer protection laws.
Bill Toulas / BleepingComputer:
A zero-day in Telegram for Android, patched on July 11, let attackers send malicious Android APK payloads as video files; the exploit was for sale from June 6  —  A Telegram for Android zero-day vulnerability dubbed ‘EvilVideo’ allowed attackers to send malicious Android APK payloads disguised as video files.
Paul Alcorn / Tom's Hardware:
Intel says elevated voltage is causing the ongoing “instability issues” in some Core 13th and 14th Gen desktop processors, and plans to release a fix in August  —  Patch is on the way.  —  Intel has announced that it has found the root cause of the crashing issues plaguing its CPUs.
Sarah Wynn / The Block:
Some spot ether ETFs say they have received the go-ahead from the SEC and can begin trading on Tuesday  —  - Registration statements become effective on Monday for firms vying for a spot Ethereum exchange-traded fund, marking the final sign-off for those products to begin trading.
Ben Schoon / 9to5Google:
Samsung tells US users that Samsung Messages will no longer come pre-installed on Galaxy phones, starting with the Flip6 and Fold6, in favor of Google Messages  —  After slowly phasing the app out in some regions, Samsung has announced that it will no longer pre-install Samsung Messages on Galaxy devices in favor of Google Messages.
Reuters:
Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights, including 1,384 on Sunday and 700+ for Monday so far, according to FlightAware  —  Delta Air Lines (DAL.N) struggled to restore normal operations on Sunday after last week's crippling global cyber outage …
CrowdStrike:
Bloomberg:
Toronto-based AI startup Cohere raised a $500M Series D led by Canadian pension fund PSP at a $5.5B valuation, after raising $270M at a $2.2B valuation in 2023  —  The Canadian AI unicorn doesn't have a viral chatbot, but it's signed on hundreds of corporate clients.
Larry Dignan / Constellation Research:
SAP reports Q2 cloud revenue of €4.15B, up 25% YoY, revenue of €8.29B, up 10% YoY, net profits of €918M, and says a “restructuring” will affect ~10,000 jobs  —  SAP in the second quarter said its cloud revenue was up 25% and CEO Christian Klein said its Business AI efforts are “enabling many deals.”
Fanny Potkin / Reuters:
Sources: Nvidia is working with Inspur to launch and distribute “B20”, a new flagship AI chip for China that would be compatible with current US export controls  —  Nvidia (NVDA.O) is working on a version of its new flagship AI chips for the China market that would be compatible …

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