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August 1, 2024, 12:30 PM
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| Meta: |
Meta reports Q2 revenue up 22% YoY to $39B, net income up 73% to $13.5B, and family daily active people up 7% to 3.27B on average for June 2024; META jumps 5%+ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: UploadVR, Kiplinger.com, Yahoo Finance, Finbold, Investing.com, Computing, Silicon Republic, WinBuzzer, Tech Monitor, Coinspeaker, SiliconANGLE, Cointelegraph, Shacknews, Quartz, The Wrap, The Hollywood Reporter, Constellation Research, Wall Street Journal, and CNBC
Threads: @jonathan_vanian_1, @supremebagholder, @kurtwag8, @karissabe, and @supremebagholder
X: @munster_gene, @chrisfralic, @mikeisaac, @munster_gene, @munster_gene, @munster_gene, @altcap, @munster_gene, @munster_gene, @joecarlsonshow, @ldignan, @firstadopter, @firstadopter, @edludlow, @rihardjarc, @munster_gene, @tidefallcapital, @stockmktnewz, and @supbagholder. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Alex Heath / The Verge: |
More: TechCrunch, CNBC, AI News, Investopedia, Yahoo Finance, The Register, Benzinga, Android Central, and Associated Press
Threads: @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
X: @firstadopter, @jimcramer, @alexeheath, @bluechipdaily, @the_ai_investor, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg. Forums: r/technology
| Jonathan Vanian / CNBC: |
More: Silicon Valley Business …, Game Developer, MIXED Reality News, COINTURK NEWS, Yahoo Finance, New York Times, and Variety
Threads: @daveleebbg. X: @yasminkhorram, @rebrand_as_y, @benz145, @ballmatthew, @munster_gene, @rjcaster, and @levynews
LinkedIn: Matt Mickelson and Rafael Brown
Forums: r/technology, r/technews, and Slashdot
| Ivan Mehta / TechCrunch: |
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US — Google Thursday said that it is introducing new Gemini-powered features for Chrome's desktop version, including Lens for desktop … | Allison Johnson / The Verge: |
Apple Intelligence in iOS 18.1 beta hands-on: meaningful Siri language understanding improvements and Siri text input is nice, but few other notable features — In iOS 18's latest developer preview, Siri gets a glow-up. Like, the whole phone actually glows around the edges when you invoke Siri.| Kate Conger / New York Times: |
Don Lemon sues Elon Musk and X, arguing Musk refused to pay him after a $1.5M/year exclusive X content deal fell apart; Lemon did not sign a formal contract — The former CNN reporter said in a lawsuit that X had refused to pay him after a testy interview with its billionaire owner.| Brian Steinberg / Variety: |
WBD, Disney, and Fox plan to launch their joint sports streaming venture Venu for $42.99 per month initially, with a seven-day free trial, expected in fall 2024 — Streaming sports on a stand-alone basis won't be cheap. … The service is expected to debut in the fall in conjunction with the start of the next NFL season.| Shirin Ghaffary / Bloomberg: |
OpenAI tells US lawmakers that it is “dedicated” to “rigorous safety protocols at every stage of our process” and is working with the US AI Safety Institute — OpenAI, responding to questions from US lawmakers, said it's dedicated to making sure its powerful AI tools …
More: The Verge, TechCrunch, Engadget, Neowin, and Cybernews.com
X: @sama, @jeffladish, @kelseytuoc, and @basedbeffjezos
| Alex Heath / The Verge: |
Reddit CEO Steve Huffman says Microsoft, Anthropic, and Perplexity need to pay to scrape Reddit's data, and blocking them has been “a real pain in the ass” — 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.
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Forums: r/OpenAI, r/technology, and Ars OpenForum
| Sam Sabin / Axios: |
The CISA names Lisa Einstein as its first chief AI officer; Einstein has been a senior AI adviser at the agency since 2023 and helped craft CISA's AI roadmap — - She had been a senior adviser at the agency since last year, focused on AI issues — she helped craft CISA's AI roadmap … | Andrew Romero / 9to5Google: |
Telegram rolls out a Mini App Store to help users find apps, a new in-app browser that supports multiple tabs, and says mini apps have 500M+ out of 950M MAUs — Telegram is refining the in-app expereince, adding a new way to interact with the browser and a Mini App Store for native applications.| Frederic Lardinois / TechCrunch: |
Google Cloud expands its database portfolio with new AI capabilities, including updates to its Spanner SQL database, which now supports graph and vector search — Google is hosting a version of its Cloud Next conference in Tokyo this week, and it's putting the focus squarely on tweaking …
More: The New Stack, ZDNET, SiliconANGLE, InfoWorld, and InfoQ
| Tom Warren / The Verge: |
Discord on Xbox gets the ability to watch friends' Discord streams whether they're sharing from a PC, a phone, or an Xbox, rolling out over the coming weeks — Microsoft and Discord are greatly improving the integration of the communication platform into Xbox consoles.
More: Discord Blog, Xbox Wire, Windows Central, TweakTown, Lifewire, WinBuzzer, TechRadar, Insider Gaming, Shacknews, Eurogamer.net, Press Start, Video Games Chronicle, XboxEra, Game Rant, Neowin, Pure Xbox, Thurrott, PC Gamer, Gizmodo, PCMag, IGN, and Dexerto
| Mike Scarcella / Reuters: |
A US judge dismisses a 2022 RNC lawsuit accusing Google of misdirecting its emails to Gmail spam folders, saying the RNC had not made an adequate case — A U.S. judge has thrown out a Republican National Committee lawsuit accusing Alphabet's Google of intentionally misdirecting …
More: The Verge
| Sankalp Phartiyal / Bloomberg: |
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes — Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy.| Yoolim Lee / Bloomberg: |
Staff memo: Samsung's chip business head Jun Young-hyun warns Samsung risks getting into a “vicious cycle” if the company does not revamp its workplace culture — - Jun Young-hyun replaced his predecessor just a few months ago — It's trying to catch SK Hynix in the hot AI memory chip market
More: ExtremeTech and KED Global
| Cecilia D'Anastasio / Bloomberg: |
Roblox reports Q2 revenue up 31% YoY to $894M, bookings up 22% YoY to $995M, a $206M net loss, average DAUs up 21% YoY to 79.5M, projects Q3 bookings above est. — - Daily users jumped 21% in second quarter from a year ago — CFO Michael Guthrie stepping down to pursue personal interests
More: Barron's Online, RTÉ, TechRaptor, Roblox, and Benzinga
| Natasha Lomas / TechCrunch: |
The EU's AI Act takes effect, triggering staggered compliance deadlines for various AI developers and apps; most provisions will be fully applicable by mid-2026 — It's official: The European Union's risk-based regulation for applications of artificial intelligence has come into force from Thursday, August 1, 2024.| Bloomberg: |
Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies farm out IT workers to exploit the US visa lottery system — Each year in April, the US government conducts a lottery that shapes the lives of hundreds of thousands of people — and America's future as an economic power.
X: @deedydas, @yask123, @ericfan_journo, @ericfan_journo, @ericfan_journo, and @ericfan_journo. LinkedIn: Viet Bui
Forums: Hacker News and r/Economics
| Tales Azzoni / Associated Press: |
The Premier League, Bundesliga, DAZN, Sky, UEFA, CONMEBOL, and others write to X CEO Linda Yaccarino demanding more action against illegal soccer content on X — Some of Europe's main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino … | Katie Roof / Bloomberg: |
Protect AI, which develops software to help enterprises secure AI models and applications, raised $60M led by Evolution Equity Partners at a $400M valuation — The funding round, led by Evolution Equity Partners, values the startup at $400 million. New investors in the deal include 01 Advisors … | Reuters: |
UAE-based G42 is working with the US and Emirati government “to comply with the highest global standards” in AI, after US lawmakers questioned its China ties — UAE-based artificial intelligence company G42 is actively working with U.S. partners and the Emirati government to comply …
More: Politico
| 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.
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X: @lmsysorg, @googledeepmind, @reach_vb, @googledeepmind, @gblazex, @chris_j_paxton, and @googledeepmind
LinkedIn: Wenjun Zeng and Ludovic Peran
| Mackenzie Hawkins / Bloomberg: |
Sources: the US considers unilateral restrictions on China's access to AI memory chips and equipment, to keep Micron, SK Hynix, and Samsung from supplying China — - SK Hynix and Samsung could be affected by the new US rule — China's AI memory chip capability lags behind global rivals
More: RTÉ, Semafor, Computerworld, The Korea Herald, Reuters, OC3D, TweakTown, Quartz, HotHardware, and Forbes
| Financial Times: |
Sources: the UK told tech companies the AI bill will make existing voluntary agreements legally binding and the AI Safety Institute into an Arm's Length Body — Minister assures tech firms that upcoming legislation will be highly targeted — UK tech secretary Peter Kyle … | Bloomberg: |
A look at Baidu's driverless taxi experiment in Wuhan, which became China's biggest proving ground for Baidu's taxis partly due to a relaxed regulatory approach — Wuhan's experiment with driverless taxis could help China lead the world on the emerging technology. It also risks putting thousands of people out of work.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:
Don't just draw it—do it: Leveraging the Business Model Canvas with Zoho One — Every successful business journey begins with three essentials: clarity, strategic alignment, and focused execution.
Don't just draw it—do it: Leveraging the Business Model Canvas with Zoho One — Every successful business journey begins with three essentials: clarity, strategic alignment, and focused execution.
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
Spotlight On:
VBSR 1.01: RTO is back (again) + data moats dry up + Sara vibecodes
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
Techmeme Ride Home:
OpenAI Acquihires Jony Ive!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
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BG2 Pod:
AI, Middle East, China, Tariffs, Recon Bill, Invest America
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
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Decoder with Nilay Patel:
Uber CEO Dara Khosrowshahi is okay with reinventing the bus
A show from the Verge about big ideas - and other problems.
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Lenny's Podcast:
Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Uncapped with Jack Altman:
David Tisch from BoxGroup
Conversations with people I admire about things I'm genuinely interested in.
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