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July 23, 2024, 9:50 PM
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memeorandum
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| Mark Zuckerberg / Meta: |
Mark Zuckerberg argues that “open source AI” is the path forward, closed models are vulnerable to vendor lock-in and 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.
More: Meta, The Register, Decrypt, Tim Kellogg, The Information, The Rundown AI, Pixel Envy, The Daily Upside, The Sun, SD Times, Spyglass, Neowin, SiliconANGLE, Interconnects, TechRepublic, Digital Trends, AIM, Investor's Business Daily, The Decoder, Yahoo Finance, and New York Times
Threads: @lessin, @carnage4life, @carnage4life, @moskov, and @parkert
Mastodon: @zacchiro@mastodon.xyz and @simon@fedi.simonwillison.net
X: @simonw, @bgurley, @aravsrinivas, @paulg, @erikvoorhees, @balajis, and @kevinbankston
Forums: Hacker News, r/LocalLLaMA, r/singularity, and Slashdot
| 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.
More: Meta, Meta, The Verge, Platformer, TechCrunch, VentureBeat, TechCrunch, Hugging Face, CNBC, WhatsApp Blog, Washington Post, MarkTechPost, Android Police, TechRadar, Fast Company, Bloomberg Originals on YouTube, Social Media Today, Benzinga, Patently Apple, ZDNET, Engadget, Press Association, Bloomberg, The Guardian, Maginative, Axios, The Information, Wired, The Irish Times, Constellation Research, Quartz, About Amazon, and CoinGape
Threads: @zuck, @timothybucksf, @crumbler, @brandonlive, @benedictevans, and @yannlecun. Instagram: Mark Zuckerberg
X: @aiatmeta, @aravsrinivas, @corbtt, @neil_chilson, @teortaxestex, @emollick, @pwendell, @soumithchintala, @minchoi, @basedbeffjezos, @karpathy, @mascobot, @skirano, @_akhaliq, @aiatmeta, @garymarcus, @metanewsroom, @tobi, @ahmad_al_dahle, @astonzhangaz, @ylecun, @thom_wolf, @bbgoriginals, @matthewberman, @deanwball, @emollick, @ramaswmysridhar, @hingeloss, @alphasignalai, @andrewyng, @togethercompute, and @hingeloss. Forums: Hacker News
| Benj Edwards / Ars Technica: |
More: VentureBeat, Nvidia Newsroom, Amazon Web Services, Inc., Fierce Electronics, Cryptopolitan, Groq, Fortune, Benzinga, Wccftech, Tech Startups, and Neowin
X: @gabrielmbmb_, @kevinsxu, @gfodor, @cocktailpeanut, @simonw, and @ralphbrooks. Facebook: Mark Zuckerberg. Forums: Ars OpenForum
| Alphabet: |
Alphabet Q2: revenue of $84.7B, up 14% YoY, net income of $23.6B, up 29% YoY, Search revenue of $48.5B, up from $42.6B YoY, and headcount down 1% to 179,582 — MOUNTAIN VIEW, Calif. - July 23, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2024.
More: Associated Press, The Guardian, Yahoo Finance, Neowin, Channel Futures, The Verge, Constellation Research, 9to5Google, Quartz, Android Central, Shacknews, and Cryptopolitan
Threads: @crumbler. X: @thetranscript_, @martyswant, @swiftstories, @munster_gene, and @munster_gene. Forums: Hacker News
| Jennifer Elias / CNBC: |
Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time — Google parent company Alphabet reported earnings after the bell Tuesday. — Here's how the company did, compared with estimates from analysts polled by LSEG:
More: Financial Times, Proactive, Forbes, Investing.com, Yahoo Finance, ShareCafe, Shacknews, and FX Empire
| Jennifer Elias / CNBC: |
Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo — Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion.
More: TechCrunch, Shacknews, The National, The Robot Report, and Business Insider
| The Information: |
Sources: Apple is working on a foldable, clamshell-design iPhone that could debut as soon as 2026, and reached out to Asian 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 …
More: The Age, MacRumors, Macworld, iMore, The Shortcut, Decrypt, 9to5Mac, Forbes, Patently Apple, Laptop Mag, Android Authority, Wired, CNET, MobileSyrup, GSMArena.com, The Straits Times, Gizmodo, New York Post, Android Headlines, BGR, Supercharged, GameSpot, Liliputing, Pocket-lint, Investing.com, PhoneArena, Cult of Mac, Tom's Guide, Gizmochina, iPhone in Canada Blog, Business Times, and Digital Trends
Forums: r/wallstreetbets, Slashdot, and MacRumors Forums
| Danny Nelson / CoinDesk: |
dYdX says v3, an older version of its DeFi crypto exchange that is reportedly for sale and averages ~$1.5B/week in derivatives trading, “has been compromised” — News of the problem emerged just as Bloomberg reported dYdX v3 is for sale. — Decentralized crypto-exchange giant dYdX …
More: Bloomberg, Crypto Briefing, BleepingComputer, Crypto Adventure, DL News, The Crypto Times, CoinJournal, Protos, Cointelegraph, crypto.news, and CoinGape
X: @dydx, @blowfishxyz, @dydx, @blueclarityone, @hsakatrades, and @dydx
| Suzanne Smalley / The Record: |
The US FTC seeks info from Mastercard, Accenture, 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 …
More: Federal Trade Commission, Associated Press, The Register, TechCrunch, The Hill, Finextra, CNBC, The Cyber Express, Quartz, PCMag, and Payments Dive
X: @matthewstoller, @swiftstories, @dorajfacundo, @ftc, @owenslindsay1, and @megangra
| Bloomberg: |
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies — - $23 billion offer for Wiz collapsed weeks after HubSpot deal — Regulatory concerns have cratered high-profile tech purchases| 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) …
More: PCMag, Android Central, The Sun, Android Authority, The Streamable, Tom's Guide, Gizmodo, Android Headlines, iPhone in Canada Blog, ZDNET, AFTVnews, and Droid Life
Forums: r/Stadia, r/GeForceNOW, r/nvidiashield, r/AndroidTV, r/GooglePixel, r/Android, and r/googlehome
| 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 …
More: The Hollywood Reporter, The Information, Spotify, Android Headlines, PYMNTS.com, Variety, Neowin, Thurrott, Dexerto, and Reuters
Threads: @carnage4life. X: @sarafischer, @alexweprin, @thetranscript_, and @eldsjal. LinkedIn: Julia Levander
| Chris Welch / The Verge: |
| Eva Roytburg / Fortune: |
Elon Musk says “I am not donating $45M a month to Trump”, but states he created American PAC to support Trump, without revealing how much he will donate — Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created …
More: Fortune and New York Times
Threads: @martinsfp and @kbode
| Jess Weatherbed / The Verge: |
Adobe rolls out new Illustrator features like Generative Shape Fill, powered by its latest Firefly Vector model now in beta, and 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.| Brian Heater / TechCrunch: |
Mytra, a startup building autonomous robots for warehouses that can move loads up to 3,000 pounds, launches from stealth with $78M in total funding — Mytra has been quietly operating behind the scenes since its May 2022 founding in a bid to rethink warehouse automation.| Mariella Moon / Engadget: |
Meta plans to roll out its AI assistant to the Quest in August, limited to US and Canada users in experimental mode, after debuting on the 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 …
More: Meta, PhoneArena, UploadVR, MIXED Reality News, Road to VR, and Pocket-lint
Forums: r/OculusQuest, r/OculusQuest, and r/oculus
| Keith Broni / Emojipedia: |
X reverts its water pistol emoji back to a firearm on the web, after Twitter originally switched the pistol emoji from a realistic-looking handgun in 2018 — X (fka Twitter) has quietly redesigned its 🔫 Water Pistol emoji to display as a firearm. This diverges from the cross-platform conversion …
More: The Verge, AppleInsider, Android Police, and iPhone in Canada Blog
| Chris Morris / Fortune: |
Netflix last week reported it is developing 80 games, most “interactive narrative games” based on its IP, and will debut one a month; Netflix offers 100+ games — Netflix could be on its way to becoming one of the most prolific video game publishers in the industry.
More: Variety, VentureBeat, TheGamer, Mobilegamer.biz, CNET, Tom's Guide, and iMore
| 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 …
More: About Amazon, The Verge, MobileSyrup, 9to5Google, Thurrott, IGN, The Streamable, Android Authority, How-To Geek, Gizmodo, PCMag, Kotaku, Engadget, and Deadline
| Bloomberg: |
US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January — - Trading volume still trailed amount posted by Bitcoin ETFs — Debuts for two of the funds rank among some of the best ever| Brian Merchant / Wired: |
A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work” — A WIRED investigation finds that major players like Activision Blizzard, which recently laid off scores of workers, are using generative AI for game development.
More: Dexerto. Mastodon: @antonyjohnston@mastodon …. Forums: r/gaming, r/technews, r/Games, r/singularity, and r/technology
| Kyle Wiggers / TechCrunch: |
Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M — Ashish Nagar, an engineer by trade, was working at Amazon's Alexa org on the conversational AI team when he realized that AI …
More: ACCESSWIRE, eWeek, and SiliconANGLE
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