Techmeme
July 22, 2024, 8:10 PM

Top News

Digiday:
Reuters:
Reeling from CrowdStrike-related outages, Delta has canceled 4,000+ flights since Friday, including 900+ flights on Monday so far, according to FlightAware  —  Delta Air Lines (DAL.N) CEO Ed Bastian on Monday said it will take the U.S. carrier another couple of days before its operations recover …
CrowdStrike:
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.
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.
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.
Sarah Wynn / The Block:
Some spot ether ETFs receive 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.
Jessica Mathews / Fortune:
A look inside Iconiq Growth two months after it closed a $5.75B fund, its largest ever and 42% larger than its previous fund  —  The sudden death of former SurveyMonkey CEO Dave Goldberg in a treadmill accident nine years ago shook Iconiq Capital founder Divesh Makan.
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.
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.”

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