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July 23, 2024, 2:15 PM
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The Information:
Sources: Apple is working on a foldable, clamshell design iPhone that could launch as soon as 2026, and has reached out to component suppliers in recent months  —  Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers …
Bloomberg:
Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4  —  The Meta CEO defends both his open source strategy and a massive investment in artificial intelligence.
Mark Zuckerberg / Meta:
Mark Zuckerberg argues “open source AI” is the path forward, that closed models are vulnerable to vendor lock-in, state-backed espionage, and more  —  In the early days of high-performance computing, the major tech companies of the day each invested heavily in developing their own closed source versions of Unix.
CNBC:
Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned  —  Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest ever deal …
Abner Li / 9to5Google:
Leaked images show the upcoming “Google TV Streamer”, a set-top box with a pill-shaped design, to replace the dongle form factor, and an updated, longer remote  —  Back in April, we revealed that Google is working on a sequel to the Chromecast with Google TV (4K) …
Andy Greenberg / Wired:
Dragos details a sample of Russia-linked malware used in a hack in January 2024 to target a heating utility in Lviv, Ukraine, cutting service to 600 buildings  —  The code, the first of its kind, was used to sabotage a heating utility in Lviv at the coldest point in the year …
Todd Spangler / Variety:
Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more  —  And the new UI specifically addresses something that's annoyed Prime Video users for years: Now, according to Amazon …
Suzanne Smalley / The Record:
The FTC seeks info from Mastercard, JPMorgan, and six other companies related to their “surveillance pricing products” that use personal data, AI, and more  —  The Federal Trade Commission (FTC) announced Tuesday that it has launched an inquiry into how companies surveil consumers …
Ashley Carman / Bloomberg:
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+  —  Spotify Technology SA shares surged to their highest in more than three years on Tuesday after the Swedish audio …
Dana Mattioli / Wall Street Journal:
Sources: Amazon lost $25B+ on its devices business between 2017 and 2021, and its plan to sell hardware at a lower price and make money elsewhere hasn't worked  —  Amazon.com's Echo speakers are the type of business success companies don't want: a widely purchased product that is also a giant money loser.
Mariella Moon / Engadget:
Meta plans to roll out its AI assistant to Quest in August, limited to US and Canada users in experimental mode, after first coming to Ray-Ban smart glasses  —  The experimental version of the AI assistant will make its way to Quest headsets in August.  —  Meta's AI-powered assistant …
Digiday:
Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs  —  After much back and forth, Google has decided to keep third-party cookies in its Chrome browser.
Jess Weatherbed / The Verge:
Adobe rolls out new Illustrator features like Generative Shape Fill, powered by Firefly Vector 2, now in public beta, alongside new and updated Photoshop tools  —  Adobe is introducing some new tools and generative AI features to its Illustrator and Photoshop design software that aim to help speed up creative workflows.
Michael Peel / Financial Times:
Google Research and others detail NeuralGCM, a model that combines ML and existing weather forecasting to make a breakthrough in accurate long-range predictions  —  Advances in predictions promised by machine learning matched with physics in latest model involving Google
Ivan Mehta / TechCrunch:
Posh, an iOS app that offers a TikTok-like vertical feed of events, raised a $22M Series A, taking its total funding to $31M, and claims 2M registered users  —  Platforms like TikTok and Spotify have experimented with events on their platforms.  But rather than concentrating on concerts …
More: Forbes
Reuters:
India plans to cut import duty on mobile phones and some key parts from 20% to 15%, a move that will directly benefit Apple, as part of its 2024/2025 budget  —  India announced it will cut import duty on mobile phones and some key parts to 15% from 20%, a move that will directly benefit Apple …
Reuters:
FlightAware: Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights since Friday, including 1,159 flights on Monday and 400+ on Tuesday  —  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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:15 PM ET, July 23, 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

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

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC

More News

Earlier Picks

Bloomberg:
An investigation shows how pedophiles groom children using Roblox, a problem exacerbated by Roblox not collecting any personal information beyond a user's age
Paul Alcorn / Tom's Hardware:
Intel says “elevated operating voltage” is causing “instability issues” in some Core 13th and 14th Gen desktop processors, and plans to release a fix in August
Sarah Wynn / The Block:
The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading
Larry Dignan / Constellation Research:
SAP reports Q2 cloud revenue up 25% YoY to €4.15B, revenue up 10% YoY to €8.29B, a €918M net profit, and says a “restructuring” will affect ~10,000 jobs
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