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July 30, 2024, 6:15 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, New York Times, The Record, The Texas Tribune, The Register, Associated Press, Axios, PCMag, PYMNTS.com, Courthouse News Service, Fortune, Fast Company, McKool Smith, The Federalist, The Cyber Express, InformationWeek, Engadget, Politico, Agence France-Presse, Tech Policy Press, Benzinga, TechCrunch, MRCTV, Keller Postman LLC, Invezz, Blaze Media, Quartz, Financial Express, The Hill, Financial Times, Wall Street Journal, Pocket-lint, The Daily Caller, Bloomberg Law, The Verge, News 5 Cleveland WEWS, Washington Post, FOX 26 Houston, NewsBytes, and Fox Business
| 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: Yahoo Finance, Capital Brief, ZDNET, GeekWire, Windows Central, Investor's Business Daily, The Information, Reuters, Fast Company, Quartz, Neowin, Proactive, and Constellation Research. Bluesky: @marypcbuk.bsky.social
| 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 … | 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, New York Times, Associated Press, Ars Technica, Courier-Journal, The Hill, TechCrunch, The Information, VentureBeat, Washington Post, NBC News, Reuters, ACLU, Axios, Bloomberg Law, Techdirt, 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
| 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, Engadget, PCMag, CNBC, Reuters, The Hill, The Information, Tom's Guide, SlashGear, Associated Press, 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: Perplexity AI, SiliconANGLE, Semafor, TechCrunch, The Atlantic, Ars Technica, CNBC, Search Engine Land, The Drum, WordPress.com News, Nieman Lab, Maginative, The Decoder, Fast Company, Engadget, The Information, Tech Startups, San Francisco Chronicle, VentureBeat, Press Gazette, Digiday, Invezz, Bloomberg, WinBuzzer, CNBC Television on YouTube, GreekReporter.com, and Werd I/O
X: @pranavdixit, @perplexity_ai, @kyliebytes, and @aravsrinivas
| Boone Ashworth / Wired: |
Startup Friend previews a $99 AI pendant with an always-on microphone that's designed to provide the wearer with companionship, set to ship in January 2025 — The latest attempt at an AI-powered wearable is an always-listening pendant. But it doesn't help you be more productive, it just keeps you company.
More: 404 Media, TechCrunch, CNET, Gizmodo, The Verge, GeekWire, Fast Company, Android Authority, Tom's Guide, Friend, GovTech, AppleInsider, and Friend on YouTube
Threads: @jendiagammon. X: @avischiffmann, @willbrownai, @thomasschulzz, @peer_rich, @thegarrettscott, @aravsrinivas, @oyhsu, @mkbhd, @avischiffmann, @evisdrenova, @suhail, @louisanslow, @josephfcox, @dinvesting, @mkbhd, and @pronounced_kyle
LinkedIn: Avi Schiffmann and Magdalena Sawicka
Forums: r/aiwars and r/artificial
| 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, CoinGape, Cointelegraph, crypto.news, and The Daily Hodl
Threads: @gwestr. X: @avax, @bondjanebond, @kevinsekniqi, @jacqmelinek, @smyyguy, @john1wu, and @avalabs
Forums: Hacker News and r/Hedera
| 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, Hackread, Cybernews.com, KnowBe4 Security …, TechNewsWorld, ITPro, PCMag, TechRepublic, The Stack, and Security Boulevard
| 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 … | 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 … | 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, GSMArena.com, Tom's Guide, Neowin, HotHardware, Lifewire, PhoneArena, Gizmochina, Android Headlines, SamMobile, Business Standard, Phandroid, Tech Advisor, Digital Trends, ComputerWeekly.com, VentureBeat, Android Central, Notebookcheck, nextpit, PCMag, Phone Scoop, Droid Life, Light Reading, and GSMArena.com
| 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: PYMNTS.com, VentureBeat, ZDNET, Forbes, How-To Geek, PCMag, Inc.com, Engadget, MIT Technology Review, The Verge, Axios, Bloomberg, Tom's Guide, Quartz, CoinGape, The Crypto Times, The Decoder, iClarified, TechRadar, and Windows Central. X: @openai
| 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| 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 … | 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: @hc_dsn, @angrypenguinpng, @leonardoai_, and @canva
| 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
More: GOV.UK, Silicon Valley Business …, SiliconANGLE, Associated Press, CIO Dive, ai fray, Cryptopolitan, TechCrunch, CNBC, TNW, Global Competition Review, The Guardian, Quartz, ComputerWeekly.com, Euronews, Silicon Republic, Yahoo Finance, Capital Brief, PhocusWire, Channel NewsAsia, BelfastTelegraph.co.uk, and Anadolu Ajansı …
| Bloomberg: |
Sources: Intel may unveil plans as early as this week to cut thousands of jobs to reduce costs and fund a rebound from an earnings slump and market share losses — - CEO Gelsinger embarks on ambitious effort to regain share — Chipmaker is spending on research, development and new plants
X: @mackhawk
| 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 … Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
The staffing formula for India's 10-minute gig economy — Leaving for an early morning meeting, but the dog ate your toothbrush? That's how the quick commerce market was born in the post-COVID era.
The staffing formula for India's 10-minute gig economy — Leaving for an early morning meeting, but the dog ate your toothbrush? That's how the quick commerce market was born in the post-COVID era.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Techmeme Ride Home:
Everything Google Everywhere And All At Once
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Azeem Azhar's Exponential View:
Inside Box's AI playbook with founder & CEO Aaron Levie
Azeem Azhar explores how AI and exponential technologies are shaping our future.
Subscribe to Azeem Azhar's Exponential View.
Channels with Peter Kafka:
Meta's Adam Mosseri explains how Instagram really works - and how he wants to build Threads
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Spotlight On:
Tines's Eoin Hinchy on rejecting the playbooks
A podcast from Accel about how companies are built, from the people doing the building.
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Invest Like the Best:
Gustav Söderström - How Spotify Thinks
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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Decoder with Nilay Patel:
Microsoft CTO Kevin Scott on how AI can save the web, not destroy it
A show from the Verge about big ideas - and other problems.
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