Techmeme
July 31, 2024, 12:15 PM

Top News

New York Times:
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign  —  The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
Jess Weatherbed / The Verge:
Google rolls out online safety features to make removing explicit deepfakes from Search at scale easier and to prevent them from appearing high up in results  —  Google is rolling out new online safety features that make it easier to remove explicit deepfakes from Search at scale and prevent …
Alex Heath / The Verge:
After users reported that Meta's generative AI assistant incorrectly claimed the attempted Donald Trump assassination did not happen, Meta blames hallucinations  —  Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen …
The Information:
Financial Times:
Delta Air Lines CEO Ed Bastian says the CrowdStrike outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages  —  Atlanta-based carrier faces US government investigation over its handling of disruption  —  Delta Air Lines chief executive Ed Bastian …
Microsoft:
Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% YoY 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:
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
Billy Steele / Engadget:
Spotify plans to expand the availability of lyrics for Spotify Free users in the “coming weeks”; paid subscribers could access unlimited lyrics since May 2024  —  The company capped access at three songs per month in May.  —  Spotify users who don't pay for a subscription …
Haleluya Hadero / Associated Press:
Etsy plans to launch Etsy Insider, its first loyalty program, in September 2024 to boost sales; CEO Raina Moskowitz says it will cost about the price of a latte  —  Etsy said Wednesday it will begin testing its first-ever loyalty program in September, a move designed to boost …
More: Etsy News
Andrew Liszewski / The Verge:
Nothing unveils the Phone 2A Plus, offering the same 6.7-inch display as the 2A and a new MediaTek Dimensity 7350 Pro 5G SoC, available for $399 on August 7  —  Plus is often used in smartphone naming to delineate a larger model with a bigger screen, but that's not the case here.
Sheila Chiang / CNBC:
Samsung reports Q2 revenue up 23.42% YoY to ~$53.45B, vs. ~$53.3B est., and operating profit up 1,458% YoY to ~$7.5B, as AI memory chip demand remains strong  —  Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand …
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 …
Sean Hollister / The Verge:
Salvador Rodriguez / Wall Street Journal:
An investigation finds 450+ illicit drug ads on Facebook and Instagram from March to June 2024, some showing bottles or bricks of cocaine; Meta removed the ads  —  Instagram and Facebook, already under federal investigation, continue to run ads for illegal drugs, including ads showing piles of pills and bricks of cocaine
Mark Bergen / Bloomberg:
Milan-based mobile app developer Bending Spoons acquires Dutch file-sharing service WeTransfer, which backed out of an IPO in 2022, without disclosing terms  —  - European app developer has bought Evernote and pursued Vimeo  — Dutch firm WeTransfer pulled out of a potential IPO in 2022
More: TechCrunch
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.
Jason Del Rey / Fortune:
Interviews with 24 current and former Amazon staff say Jeff Bezos' Amazon Way principles remain core under Andy Jassy but are now less universally agreed upon  —  When Amazon ordered most workers back to the office three days a week in February 2023, Pamela Hayter was not happy about the end of a popular pandemic-era arrangement.
Chris Miller / Financial Times:
How US safeguards on the Microsoft-G42 deal, aiming to protect critical data center and AI infrastructure, could shape future international data center projects  —  Security hawks in Washington worry that infrastructure deals risk the future of AI  —  If artificial intelligence systems transform …

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