Techmeme
August 1, 2024, 11:20 AM

Top News

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.
Alex Heath / The Verge:
Jonathan Vanian / CNBC:
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.
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 …
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.
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.
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.
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.
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.
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.
Bloomberg:
Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies that farm out IT workers exploit the US 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.
Bloomberg:
A look at Baidu's experiment with driverless taxis in Wuhan, which became China's biggest proving ground for Baidu's taxis 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.
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 …
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 …
Natasha Lomas / TechCrunch:
The EU's AI Act takes effect, triggering compliance deadlines for a range of 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.
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: KED Global

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Anna Washenko / Engadget:
Ian King / Bloomberg:
Ian King / Bloomberg:
Krisztian Sandor / CoinDesk:
Sean Lyngaas / CNN: