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July 31, 2024, 9:05 PM
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| Meta: |
Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: The Verge, SiliconANGLE, UploadVR, The Information, Wall Street Journal, Yahoo Finance, Quartz, The Wrap, The Hollywood Reporter, Constellation Research, CNBC, and Shacknews
Threads: @alexheath, @supremebagholder, @karissabe, @supremebagholder, and @kurtwag8
X: @munster_gene, @supbagholder, @stockmktnewz, @firstadopter, @tidefallcapital, @ldignan, @munster_gene, @munster_gene, @firstadopter, @edludlow, @munster_gene, @munster_gene, @joecarlsonshow, @mikeisaac, @rihardjarc, @altcap, @munster_gene, and @munster_gene. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Jonathan Vanian / CNBC: |
More: Yahoo Finance, Android Central, New York Times, Variety, and Shacknews
Threads: @daveleebbg. X: @yasminkhorram, @rjcaster, @ballmatthew, @levynews, @munster_gene, and @benz145
Forums: r/technology and r/technews
| 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.
More: CNBC, Bloomberg, CRN, Associated Press, CIO Dive, The Hill, The Information, PYMNTS.com, New York Post, Windows Central, San Francisco Business Times, CRN, NBC News, NPR, Wall Street Journal, MSPoweruser, and Financial Times
X: @carnage4life, @david_slotnick, @morningbrew, @kpottermn, @malwarejake, @0xtib3rius, @kpottermn, @carnage4life, and @kpottermn. LinkedIn: Jacob Williams. Forums: r/wallstreetbets
| 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.
More: VCs for Kamala, Politico, San Francisco Business Times, The Hill, Forbes, AfroTech, CNBC, Quartz, The Guardian, The Information, TechCrunch, Axios, GeekWire, and The Verge
Threads: @amclaughlin, @moskov, @motorcityadam, @moskov, @timisenman, @anildash, @moskov, @hunterwalk, and @theromit
| Wesley Yin-Poole / IGN: |
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
More: Bungie.net, The Verge, Kotaku, Windows Central, Game World Observer, Dexerto, MobileSyrup, Press Start, Android Headlines, Engadget, Stevivor, Push Square, TechCrunch, VG Charts, Metro.co.uk, Los Angeles Times, GamesRadar, GamesRadar, The Wrap, Neowin, GamingBolt, Game Developer, GeekWire, Digital Trends, Wccftech, XboxEra, PC Gamer, Kotaku, Aftermath, Game Informer, PlayStation LifeStyle, VG247, Kotaku, Pocket-lint, TechRaptor, Variety, Hardcore Gamer, Destructoid, VentureBeat, The Hollywood Reporter, Eurogamer.net, Polygon, GameSpot, Dot Esports, GamesIndustry.biz, KitGuru, Rock, Paper, Shotgun, Video Games Chronicle, Game Rant, and Gameranx
X: @jasonschreier, @d2cbro, @a_dmg04, @transientgamers, @the_ragespy, @bungie, @griffinwb, @nadiaudio, @fishprison, @mynameisbyf, @dirtyeffinhippy, @hazelmonforton, @amberillig, @niftybiiscuit, @dirtyeffinhippy, @mangalawyer, @vahn16, @alex_frostwolf, @genepark, @ne0mega, @kperng, and @thereallexuzi. Forums: r/pcgaming
| 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 …
More: azure.status.microsoft, ZDNET, The Record, The Information, Forbes, Windows Central, Associated Press, Dark Reading, The Stack, GovTech, The Sun, PCWorld, Cybersecurity Dive, Security Boulevard, SC Media, CRN, Daily Mail, The Independent, PCMag, Petri IT Knowledgebase, The Register, CCN.com, Silicon Republic, TechRadar, and SecurityWeek. LinkedIn: Peter Girnus
| Ian King / Bloomberg: |
Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates — - Company says phone units will be ‘flattish’ this year — Upbeat revenue forecast had buoyed stock after earnings report
More: Investor's Business Daily, Nikkei Asia, Constellation Research, CNBC, and Benzinga
| Alex Heath / The Verge: |
Reddit CEO says Microsoft, Anthropic, and Perplexity need to pay to scrape the site's data, and it has been “a real pain in the ass to block these companies” — After striking deals with Google and OpenAI, Reddit CEO Steve Huffman is calling on Microsoft and others to pay if they want to continue scraping the site's data.
More: Ars Technica, Bloomberg, Windows Central, Engadget, and Neowin
| 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 …
More: The Keyword, The Keyword, Google Help Center, PCMag, Wired, How-To Geek, Ars Technica, Engadget, NBC News, Bloomberg, Fast Company, TechRadar, Financial Express, Search Engine Journal, Android Headlines, Neowin, NewsBytes, Android Central, ZDNET, Fortune, Android Faithful, Mashable, 9to5Google, and Search Engine Land
| 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.| Jonathan Kemper / The Decoder: |
Google unveils updates to its Gemma family of open models, including Gemma 2 2B, which it claims surpasses GPT-3.5 and Mixtral 8x7B on the LMSYS Chatbot Arena — Google has unveiled updates to its Gemma 2 family of open-source language models, focusing on improved performance, safety, and transparency.
More: Google Developers Blog, TechCrunch, Google DeepMind, VentureBeat, Maginative, Hugging Face, TNW, and AIM
LinkedIn: Wenjun Zeng and Ludovic Peran
| 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.
More: The Verge, Sherwood News, Quartz, and DatacenterDynamics
| Ian King / Bloomberg: |
Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72%, and maintains its outlook for FY 2025; ARM drops 10%+ after hours — - Company doesn't boost outlook despite topping earnings views — CEO says weakness in certain markets is offsetting sales gains| Krisztian Sandor / CoinDesk: |
Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany — The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.| 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 …
More: Bloomberg, The Daily Upside, CCN.com, Tom's Hardware, Quartz, The Register, Benzinga, and CNBC
| Bill Toulas / BleepingComputer: |
Zimperium: a massive SMS-stealing malware campaign targeted Android devices worldwide using Telegram bots to infect devices in 113 countries since February 2022 — A malicious campaign targeting Android devices worldwide utilizes thousands of Telegram bots to infect devices with SMS-stealing malware …
More: Zimperium, Dark Reading, Hackread, SecurityWeek, Mashable, and Infosecurity
| CNBC: |
Nvidia shares closed up 12.81% 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 13% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown … | Akash Sriram / Reuters: |
eBay reports Q2 revenue up 1% YoY to $2.57B, vs. $2.53B est., GMV up 1% to $18.4B, net income up 31% to $226M, and forecasts Q3 revenue below estimates — EBay (EBAY.O) forecast third-quarter revenue below Wall Street estimates on Wednesday, a sign that demand is slowing down for collectible items, luxury handbags and watches.| Anna Washenko / Engadget: |
US senators unveil the bipartisan NO FAKES Act, which would make individuals and companies liable for producing, hosting, or sharing unauthorized AI deepfakes — OpenAI joined several entertainment industry groups in backing the NO FAKES Act. — Today, a group of senators introduced the NO FAKES Act … | 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.| Emma Roth / The Verge: |
District of Columbia AG Brian Schwalb sues StubHub, alleging the company uses a “bait-and-switch” technique where it advertises “deceptively low” ticket prices — StubHub is facing a new lawsuit that accuses the ticketing service of hiding fees from customers until the very end of the purchasing process.| Shubham Sharma / VentureBeat: |
Ema, which helps companies set up and deploy no-code AI agents it calls “universal AI employees”, raised $36M as part of a Series A led by Accel and Section 32 — San Francisco-based Ema, the AI agent startup founded by former Google and Okta employees, today announced it is raising … | Joe Miller / Financial Times: |
The US SEC sues former IRL CEO Abraham Shafi, accusing him of a $170M fraud by misleading investors about the company's growth and concealing personal expenses — Abraham Shafi allegedly hoodwinked backers and spent millions of dollars on personal expenses — NEW| Emma Hinchliffe / Fortune: |
New York-based Spring Health, which offers a mental health app that matches patients with care providers, raised a $100M Series E at a $3.3B valuation — Mental health company Spring Health, cofounded by CEO April Koh and Adam Chekroud, is now valued at $3.3 billion after raising a $100 million Series E round.
More: MobiHealthNews and FierceHealthcare
| 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 …
More: TechRadar, Digital Music News, Android Authority, 9to5Google, TechHive, CNET, How-To Geek, iPhone in Canada Blog, PCMag, Android Headlines, and 9to5Mac
Forums: r/Piracy and r/truespotify
| New York Times: |
Chinese regulators propose taking over online identity verification from companies to give people a single internet ID, citing privacy and online fraud — The government said the proposal would protect online privacy. Critics said it could further concentrate government control over the internet.Sponsor Posts
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Zoho:
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024 — We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
Zoho Sign is a “high growth performer” in the Frost & Sullivan's Frost Radar™ for electronic signature software, 2024 — We are happy to announce that Zoho Sign has clinched a position as a high growth performer …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
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