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August 7, 2024, 2:15 AM
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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: New York Times, TechCrunch, Platformer, PCMag, Ars Technica, Mashable, SiliconANGLE, Rumble, Pirate Wires, New York Post, Social Media Today, The Verge, BBC, Engadget, Digiday, Adweek, Android Headlines, MobileSyrup, PYMNTS.com, Fast Company, The Hill, Business Insider, The Independent, Tech Xplore, The Hollywood Reporter, The Verge, Deadline, CoinGape, Wired, Quartz, Thurrott, Boing Boing, Bloomberg, Variety, The Information, Financial Times, and Digiday
Threads: @crumbler, @mac_ryan_, @taylorlorenz, @reckless1280, @mac_ryan_, @kalihays1, @crumbler, @daveleebbg, @hunterwalk, @carnage4life, @martinsfp, @kalihays1, @enjoyingeveryminute, @drewharwell, @mattrichardson, @moskov, @karaswisher, @karaswisher, and @kalihays1
Mastodon: @chrisgeidner@journa.host, @GossiTheDog@cyberplace.social, @metacurity@infosec.exchange, @MarcAbrahams@mstdn.science, @jalefkowit@vmst.io, @dmoren@zeppelin.flights, and @ianb@mastodon.well.com
X: @lindayax, @lindayax, @elonmusk, @elonmusk, @rumblevideo, @elonmusk, @catthekin, @scottderrickson, @baekdal, @bobbyallyn, @fmanjoo, @toptickcrypto, @kchoudhu, @adamkovac, @thechosenberg, @brianroemmele, @ryxcommar, @colin_fraser, @chrispavlovski, @jack_raines, @ryanbarwick, @tracybeanz, @joshtpm, @michaelmiraflor, @joshtpm, @bobbyallyn, @kristyt, @gergelyorosz, @harrymccracken, @chrispavlovski, @kyliebytes, @somewheresy, @billackman, @allahliker, @oalexanderdk, @fmanjoo, @silvermanjacob, @binarybits, @snazzylabs, and @pt.  LinkedIn: Greg Glenday
Forums: Hacker News, r/economy, r/law, r/inthenews, r/facepalm, r/LeopardsAteMyFace, r/business, r/neoliberal, and r/law
See also Mediagazer
Chris Welch / The Verge:
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24  —  Google isn't waiting for its upcoming hardware event to announce the Chromecast's successor.  Alongside the new, sleeker Nest Thermostat …
Jennifer Pattison Tuohy / The Verge:
Google unveils Gemini-based features for Google Home, coming later in 2024: descriptive captions for Nest camera videos, a smarter Assistant for Nest, and more  —  Amazon has already announced its plans for a smarter Alexa to power your home.  Now, it's Google's turn to promise that it can produce a better …
The Verge:
US v. Google: Eddy Cue said there's no price Microsoft could offer to make Bing Safari's default search engine, stating “they offered to give us Bing for free”  —  Finally, a legal ruling on whether TikTok is a real search engine.  (It's not.)
Steve Lohr / New York Times:
Google losing its US antitrust case may have major ripple effects for Apple, Amazon, and Meta, just as Microsoft's loss in 2000 influenced the Google decision
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 …
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.
CNBC:
Microsoft says Delta, which said it had to manually reset ~40K PC servers because of CrowdStrike, had “not modernized its IT infrastructure” and refused “help”  —  Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages …
Jonathan Vanian / CNBC:
Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY  —  Reddit reported second-quarter results on Tuesday that topped analysts' estimates.  —  Here are the key numbers:
Natalie Lung / Bloomberg:
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB down 14%+ after hours
Annie Palmer / CNBC:
Supermicro shares drop 13% after hours after the company reported Q4 earnings missing analyst expectations, 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.
Jason Koebler / 404 Media:
Behind the YouTube influencers, WhatsApp and Telegram groups, and services like FewFeed fueling Facebook's problem of creators profiting from viral “AI slop”  —  Gyan Abhishek is standing in front of a giant touch screen, like Jim Cramer on Mad Money or an ESPN talking head analyzing a football play.
Fei-Fei Li / Fortune:
California's AI safety bill will harm developers, open-source development, the public sector, and academia, while failing to address the potential harms of AI  —  Fei-Fei Li, PhD, is a computer scientist who is widely credited with being the ‘Godmother of AI’. … Today, AI is more advanced than ever.
Winston Cho / The Hollywood Reporter:
Division in Hollywood's approach to AI is growing, as some studios want to use AI tools more often in production, while unions aim to establish guardrails  —  While unions aim to establish guardrails and artists are going to court, studios are looking to use AI tools more often in production.
See also Mediagazer
Bloomberg:
Global crypto hubs like Hong Kong and Dubai face a challenging outlook, as the brightening US political backdrop for crypto attracts companies and investors  —  - US political backdrop is becoming more favorable for crypto  — Some in the industry expect capital and staff to move there
Financial Times:
A profile of Kakao founder Kim Beom-su, who was arrested in July on stock manipulation charges relating to Kakao's takeover of K-pop agency SM Entertainment  —  Case of Kakao founder Kim Beom-su shines light on dysfunctional relationship between business, politics and law enforcement
Natalie Lung / Bloomberg:
Uber reports Q2 revenue up 16% YoY to $10.7B, Gross Bookings up 19% to $40B, vs. $39.7B est., and Mobility Gross Bookings up 23% to $20.6B; UBER closes up 10.9%  —  - Results driven by better-than-expected growth in ridehailing  — Autonomous rides grew six-fold from year ago through partners

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From Mediagazer

Lili Loofbourow / Washington Post:
A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set

Sara Fischer / Axios:
How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust

Christopher Palmeri / Bloomberg:
US filing: Paramount Global talked to WBD about a merger for months before giving up after receiving no offer; Paramount held talks with at least 12 bidders

More News

Ryan Smith / AnandTech:
Intel says its Foundry's lead products on Intel 18A are booting and expects the first external customer chip design tape out in H1 2025
Doug Bock Clark / ProPublica:
A researcher finds another flaw in Georgia's voter registration cancellation portal, which has had bugs that made submitting requests for any Georgian trivial

Earlier Picks

Sara Fischer / Axios:
ProRata, which aims to attribute and share AI chatbot subscription revenue with content owners, raised a $25M Series A and inks deals with major media companies
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+
Wall Street Journal:
How Google's Character.AI deal, which sources say had a $2B licensing fee, and other AI deals show startups are seeking Big Tech bailouts after raising billions
Bloomberg:
The US awards South Korea's SK Hynix an initial $450M in grants and $500M in loans under the CHIPS Act to build an advanced chip packaging facility in Indiana
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