Techmeme
August 7, 2024, 1:15 PM

Top News

Financial Times:
Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B and its streaming business turned a profit, a first, with a $47M operating income, vs. a $512M loss in Q3 2023  —  Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Emma Roth / The Verge:
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024  —  Disney Plus will soon no longer let you share your password with people outside your household.
Tom Warren / The Verge:
AMD says its flagship Ryzen 9 9950X with 16 cores will launch on August 15 for $649, or $50 less than the Ryzen 9 7950X, and other new CPUs are $20-$50 cheaper  —  AMD has finally revealed the launch prices for its new range of Ryzen 9000 desktop CPUs, and it's pricing them slightly lower than the Ryzen 7000 launch prices.
Ryan Browne / CNBC:
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 units sold, down 27% YoY  —  Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
Lauren Forristal / TechCrunch:
Reddit says it plans to test AI-powered search result pages to “summarize and recommend content” later in 2024, powered by first-party and third-party tech  —  Reddit users will soon see AI-generated summaries at the top of search results.  —  Reddit CFO Drew Vollero told investors during …
Jonathan Vanian / CNBC:
Max A. Cherney / Reuters:
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal  —  For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.
The Information:
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices  —  OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze's movie “Her.”
Michelle Pokrass / OpenAI:
OpenAI adds Structure Outputs, a feature to ensure model-generated outputs match JSON Schemas, to its API and offers lower pricing for new GPT-4o model versions  —  We are introducing Structured Outputs in the API—model outputs now reliably adhere to developer-supplied JSON Schemas.
Jessica Lyons / The Register:
CrowdStrike shares a root cause analysis of the July 19 outage, and says it hired two third-party security firms to review its Falcon threat-detection suite  —  And reveals the small mistake that bricked 8.5M Windows boxes  —  CrowdStrike has hired two outside security firms to review …
CNBC:
Natalie Lung / Bloomberg:
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above est., Nights and Experiences Booked up 9% YoY to 125.1M, and Q3 guidance below est.; ABNB drops 13%+  —  - Forecasts for sales and nights booked miss analyst estimates  — Shorter booking lead times and weaker US demand dampened gains

Sponsor Posts

Airtable:
Meet Airtable ProductCentral  —  The unified solution for managing your entire product development process in the AI era.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
App Spotlight: All in One Accessibility for Zoho CRM  —  Our App Spotlight brings you hand-picked apps to enhance the power of your Zoho apps and tools.  Visit Zoho Marketplace to explore more apps, integrations, and extensions.
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Wed. 11/06 - The Tech Angle To Election Day
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:15 PM ET, August 7, 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.

More News

Earlier Picks

Annie Palmer / CNBC:
Fei-Fei Li / Fortune:
The Verge:
Sara Fischer / Axios:
More: Financial Times, New York Times, Platformer, TechCrunch, The Verge, Mercury News, PCMag, Ars Technica, Rumble, BBC, Music Ally, PhoneArena, WinBuzzer, TechSpot, KnowTechie, Proactive, TweakTown, Neowin, Pirate Wires, SiliconANGLE, The Hollywood Reporter, Android Headlines, Adweek, The Verge, Engadget, Business Insider, MobileSyrup, The Independent, Bloomberg, Wired, Quartz, Reuters, Thurrott, The Information, Financial Times, and Digiday