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July 31, 2024, 2:50 PM
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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.
CNBC:
Delta Air Lines CEO Ed Bastian says the CrowdStrike-caused outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages  —  WATCH NOW  —  Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.
Karen Freifeld / Reuters:
Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands  —  The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor …
Sergiu Gatlan / BleepingComputer:
Microsoft says that a nine-hour outage on July 30, which disrupted multiple Microsoft 365 and Azure services worldwide, was triggered by a DDoS attack  —  Microsoft confirmed today that a nine-hour outage on Tuesday that took down and disrupted multiple Microsoft 365 and Azure services worldwide …
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:
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
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 …
Emma Roth / The Verge:
District of Columbia AG Brian Schwalb sues StubHub, alleging the company uses “deceptive, manipulative, and unfair practices” to advertise event fees to users  —  StubHub is facing a new lawsuit that accuses the ticketing service of hiding fees from customers until the very end of the purchasing process.
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.
More: The Verge.  Forums: Hacker News
Aaron Holmes / The Information:
Source: TikTok was paying Microsoft ~$20M/mo. to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue that service was generating  —  Microsoft has had success reselling OpenAI's artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine.
Steve Smith / SlashGear:
Samsung Galaxy Watch Ultra review: premium materials and build quality, and powerful Exynos processor, but too expensive, large, bulky, and only one size  —  - Premium materials and build quality - Significantly improved GPS tracking - New powerful Exynos processor - Excellent activity and sleep tracking
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.
Salvador Rodriguez / Wall Street Journal:
An investigation finds 450+ illicit drug ads on Facebook and Instagram from March to June 2024, some showing pill piles or cocaine bricks; 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
Sean Lyngaas / CNN:
A ransomware attack hits blood donation nonprofit OneBlood, which has asked over 250 hospitals in the US to activate their critical blood shortage protocols  —  A cyberattack has hit a blood-donation nonprofit that serves hundreds of hospitals in the southeastern US.
CNBC:
Nvidia shares jump 10%+ after Microsoft and AMD signaled no slowdown in the buildout of AI servers built around GPUs; Microsoft spent $19B on capex in Q4  —  Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled no slowdown …
Tom Warren / The Verge:
Microsoft Q4: Windows OEM revenue up 4% YoY, devices revenue down 11% YoY, overall gaming revenue up 44% YoY, and Xbox content and services revenue up 61% YoY  —  Microsoft just posted the fourth and final quarter of its 2024 fiscal financial results.  The software maker made $64.7 billion …
More: Thurrott, Pure Xbox, and WinBuzzer
Threads: @tomwarrenuk.  X: @mitchyd and @tomwarren.  Forums: r/xbox
Jordan Novet / CNBC:
Microsoft reports Q4 Intelligent Cloud revenue up 19% YoY to $28.52B, vs. $28.68B est., including Azure and other cloud services up 29% YoY
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
Kif Leswing / CNBC:
AMD reports Q2 revenue up 9% YoY to $5.84B, 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:
AMD CEO Lisa Su says the company's MI300 AI chips did $1B+ in sales in Q2 and that the supply “will remain tight through 2025” despite supply chain improvements

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This is a Techmeme archive page. It shows how the site appeared at 2:50 PM ET, July 31, 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

Brian Stelter / CNN:
After Trump won, US journalists question what a “red wave” election says about the information environment and the media's credibility, influence, and audience

Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump Administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”

Austin Fuller / Current:
How public media newsrooms in Nevada, Wyoming, Colorado, and Oklahoma are enhancing their statehouse journalism with funding from CPB

More News

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

Earlier Picks

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
Wall Street Journal:
How Elon Musk and X's division of labor stymied some of Linda Yaccarino's plans, like a Visa deal; internal figures show X had 250.8M DAUs in Q2, up 1.56% YoY
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
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
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