Techmeme
August 7, 2024, 9:10 AM

Top News

Financial Times:
UK officials say X has been less responsive to removing disinformation than Meta, Google, and TikTok, as Elon Musk launches a series of jibes at Keir Starmer  —  Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
Tom Warren / The Verge:
AMD says its flagship Ryzen 9 9950X with 16 cores will cost $649, or $50 less than the Ryzen 9 7950X, and launches August 15; 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.
Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”  —  Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
More: Financial Times, New York Times, Platformer, The Verge, TechCrunch, PCMag, Ars Technica, Rumble, WinBuzzer, TechSpot, BBC, PhoneArena, Proactive, Neowin, SiliconANGLE, KnowTechie, Pirate Wires, TweakTown, The Hollywood Reporter, Android Headlines, Adweek, Engadget, The Verge, Business Insider, MobileSyrup, The Independent, Wired, Quartz, Reuters, Thurrott, Variety, Bloomberg, The Information, Financial Times, Digiday, and Ad Age
Jonathan Vanian / CNBC:
Reddit reports Q2 revenue up 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques up 51% YoY to 91.2M, and net loss down from $41.1M in Q2 2023 to $10.1M  —  Reddit reported second-quarter results on Tuesday that topped analysts' estimates.  —  Here are the key numbers:
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 sales, down from 3.3M YoY  —  Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
Jessica Lyons / The Register:
CrowdStrike shares a root cause analysis of the July 19 outage, and says it's working with two third-party software security vendors to conduct further review  —  And reveals the small mistake that bricked 8.5M Windows boxes  —  CrowdStrike has hired two outside security firms to review …
CNBC:
Michelle Pokrass / OpenAI:
OpenAI unveils Structure Outputs in the API, a feature to ensure model-generated outputs match JSON Schemas, and lower pricing for a new version of GPT-4o  —  We are introducing Structured Outputs in the API—model outputs now reliably adhere to developer-supplied JSON Schemas.
The Verge:
Annie Palmer / CNBC:
Supermicro shares dropped ~10% after the company reported $5.31B in Q4 revenue, below est., earnings below est., and announces a 10-for-1 stock split  —  Shares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations.
Natalie Lung / Bloomberg:
Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B and a $47M streaming business operating profit, up from a $512M loss in Q3 2023, and revenue up 15% YoY to $6.4B  —  Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Toby Sterling / Reuters:
Imec, one of the top chip R&D companies, reports several breakthroughs for printing logic and memory chips in a joint ASML lab using ASML's new High NA tool  —  Belgium's imec, one of the world's top semiconductor R&D firms, on Wednesday reported several computer chip-making breakthroughs …

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Fei-Fei Li / Fortune:
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