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July 30, 2024, 5:25 PM
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| Reuters: |
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial recognition tech to collect biometric data of millions of Texans without consent — Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent …
More: Texas Attorney General, USA Today, Ars Technica, CNBC, The Record, The Register, New York Times, The Texas Tribune, Fortune, PYMNTS.com, PCMag, Axios, Associated Press, Fast Company, Engadget, Courthouse News Service, Politico, InformationWeek, Tech Policy Press, The Cyber Express, The Federalist, McKool Smith, TechCrunch, Pocket-lint, Blaze Media, Financial Express, The Hill, MRCTV, The Verge, Washington Post, Agence France-Presse, Benzinga, Quartz, Keller Postman LLC, Invezz, Financial Times, Wall Street Journal, The Daily Caller, Bloomberg Law, News 5 Cleveland WEWS, FOX 26 Houston, NewsBytes, and Fox Business
| Kate Gibson / CBS News: |
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers — Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform …
More: U.S. Consumer Product …, Ars Technica, PCMag, CNBC, Reuters, The Information, The Hill, Tom's Guide, Associated Press, SlashGear, and CNET. Forums: r/law
| Kylie Robison / The Verge: |
Perplexity is launching a program to share ad revenue with partners such as Time, Der Spiegel, Fortune, and WordPress.com, after weeks of plagiarism accusations — Perplexity is launching a program to share ad revenue with publishing partners following weeks of plagiarism accusations.
More: The Atlantic, Semafor, Ars Technica, TechCrunch, Perplexity AI, Search Engine Land, WordPress.com News, CNBC, The Drum, Nieman Lab, Maginative, The Decoder, Invezz, Fast Company, Engadget, The Information, Tech Startups, San Francisco Chronicle, VentureBeat, Press Gazette, Digiday, Bloomberg, WinBuzzer, CNBC Television on YouTube, GreekReporter.com, and Werd I/O
X: @pranavdixit, @perplexity_ai, @kyliebytes, and @aravsrinivas
| Lauren Feiner / The Verge: |
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House — The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) …
More: New York Times, Associated Press, Ars Technica, The Hill, Courier-Journal, The Information, VentureBeat, New York Times, Washington Post, The Hill, TechCrunch, Inc.com, Axios, Bloomberg Law, ACLU, NBC News, Quartz, New York Post, NBC News, PhoneArena, Quartz, Tech Xplore, and Benzinga
X: @senblumenthal, @tracethelaw, @marshablackburn, @judiciarydems, @parismartineau, @eff, @senatorshoshana, @marshablackburn, @randpaul, @senschumer, @frankthorp, and @marshablackburn. LinkedIn: Hari Ravichandran. Forums: r/centrist
| Microsoft: |
Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% to $22B, Office Commercial revenue up 12% YoY, and LinkedIn revenue up 10% YoY — REDMOND, Wash. — July 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2024 … | Jordan Novet / CNBC: |
Microsoft Q4: Intelligent Cloud revenue up 19% YoY to $28.52B, vs. $28.68B est., including Azure and other cloud services up 29% YoY; MSFT drops ~5% after hours — Microsoft shares fell 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue …
More: ZDNET, The Information, Reuters, Proactive, and Constellation Research
| Akash Sriram / Reuters: |
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help state residents access them via an app by early 2025 — California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid …
More: CoinDesk, Avalanche, Quartz, Cointelegraph, CoinGape, The Daily Hodl, and crypto.news
Threads: @gwestr. X: @avax, @bondjanebond, @kevinsekniqi, @jacqmelinek, @smyyguy, @john1wu, and @avalabs
Forums: Hacker News and r/Hedera
| Jeff Stone / Bloomberg: |
Microsoft calls on the US Congress to pass a comprehensive law to crack down on AI deepfakes that aim to interfere in elections or maliciously target people — - Law enforcement needs a clear legal framework, Brad Smith says — Elon Musk recently shared manipulated clip of Kamala Harris| Jagmeet Singh / TechCrunch: |
Qualcomm debuts the 4nm Snapdragon 4s Gen 2, a feature-limited version of the Snapdragon 4 Gen 2, to make 5G accessible to smartphones in the sub-$100 category — Qualcomm Tuesday announced the Snapdragon 4s Gen 2. The entry-level chip aims to make 5G accessible to 2.8 billion smartphone users …
More: Qualcomm, Android Authority, XDA Developers, The Register, Gizmochina, GSMArena.com, Tom's Guide, Phandroid, Neowin, HotHardware, Lifewire, SamMobile, PhoneArena, Business Standard, Android Headlines, Tech Advisor, Digital Trends, ComputerWeekly.com, VentureBeat, Android Central, Notebookcheck, nextpit, PCMag, Phone Scoop, Droid Life, Light Reading, and GSMArena.com
| Lawrence Abrams / BleepingComputer: |
Zscaler ThreatLabz and Chainalysis say ransomware group Dark Angels received a payment worth ~$75M in early 2024, the largest known ransomware payment to date — A Fortune 50 company paid a record-breaking $75 million ransom payment to the Dark Angels ransomware gang, according to a report by Zscaler ThreatLabz.
More: Forbes, EdScoop, TechRepublic, PCMag, Hackread, Cybernews.com, KnowBe4 Security …, TechNewsWorld, ITPro, The Stack, and Security Boulevard
| Mat Di Salvo / Decrypt: |
The SEC charges BitClout founder Nader Al-Naji for raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about taking from proceeds — The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges … | Capital Brief: |
Canva acquires AI image generation service Leonardo.ai for an undisclosed amount; Leonardo.ai launched in December 2022 and has 19M+ registered users — Founded in December 2022, Leonardo.Ai has over 19 million users and its very own foundation AI model. — Canva, Australia's largest …
More: Canva, Financial Express, TechCrunch, The Verge, Thurrott, Maginative, Tech Monitor, PhoneArena, PetaPixel, Tech.co, WinBuzzer, MarTech, TechRadar, Dataconomy, iClarified, Unite.AI, Neowin, AIM, Bloomberg, SmartCompany, Leonardo.AI, and The Information
X: @leonardoai_, @hc_dsn, @angrypenguinpng, and @canva
| Rafe Uddin / Financial Times: |
The UK ICO says the country's election authority failed to take “basic steps” to protect the personal data of 40M voters before a 2021 China-backed cyberattack — ‘Basic steps’ including updating passwords were missed before 2021 hack, finds Information Commissioner| Kif Leswing / CNBC: |
AMD reports Q2 revenue up 9% YoY to $5.83B, vs. $5.72B est., Data Center revenue up 115% to $2.8B, net income up 881% to $265M, Q3 revenue forecast above est. — Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth … | The Information: |
Meta scraps its celebrity AI chatbot feature less than a year after launch and now expects people to use Meta's new AI Studio to customize their own AI avatars — Meta Platforms has scrapped its first high-profile foray into consumer artificial intelligence—chatbots played by celebrities … | Maxwell Zeff / TechCrunch: |
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May, to ChatGPT Plus users — OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.
More: VentureBeat, ZDNET, Forbes, How-To Geek, PCMag, Inc.com, Engadget, MIT Technology Review, Axios, Bloomberg, The Verge, Tom's Guide, Quartz, CoinGape, The Crypto Times, The Decoder, iClarified, and TechRadar
| Juby Babu / Reuters: |
Pinterest reports Q2 revenue up 21% YoY to $853.7M, vs. $847.8M est., MAUs up 12% YoY to 522M, and forecasts Q3 revenue below est.; PINS drops 13%+ after hours — Pinterest (PINS.N) forecast current-quarter revenue below Wall Street expectations on Tuesday, hurt by tough competition … | Katharine Gemmell / Bloomberg: |
The UK CMA is gathering information from market players to determine whether Google's partnership with Anthropic qualifies as a merger and harms UK competition — - CMA will review whether investment causes competition issues — Google committed to investing $2 billion into the AI startup| Manya Saini / Reuters: |
PayPal reports Q2 revenue up 8% YoY to $7.89B, total payment volume up 11% to $416.81B, transaction margin dollars up 8%, and raises its FY 2024 profit forecast — PayPal (PYPL.O) on Tuesday raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending … | Bloomberg: |
Sources including frontline health care workers say their testing of Google's AI-powered nurse handoff tool has left questions about its consistency and quality — After spending billions trying to transform the industry, Alphabet sees opportunity in artificial intelligence.
More: John Battelle's Search Blog. X: @daveyalba, @daveyalba, @daveyalba, @byjulialove, and @daveyalba
| Jordan Fragen / VentureBeat: |
EA reports Q1 net bookings down 20% YoY to $1.26B, above expectations, revenue down 14% YoY to $1.66B, and net income down 30% YoY to 280M — Electronic Arts has announced its financial results for the first quarter quarter of FY25. The game publisher's $1.262 billion …
More: Reuters, Electronic Arts, and Variety
| Duncan Riley / SiliconANGLE: |
Lineaje, a software supply chain management startup, raised a $20M Series A co-led by Prosperity7 Ventures, Neotribe Ventures, and Hitachi — Software supply chain management startup Lineaje announced today that it has raised $20 million in new funding to advance its artificial intelligence capabilities …
More: FinSMEs, Lineaje, and SecurityWeek
| Natalie Lung / Bloomberg: |
Match Group reports Q2 revenue up 4% YoY to $864M and paying Tinder users down 8% YoY to 9.6M, vs. 9.55M est.; MTCH jumps 7%+ after hours — - The company says the decline in paying users is stabilizing — Match is under pressure from activists to deliver a turnaround
More: Reuters, Match Group, and Yahoo Finance
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