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August 29, 2024, 7:10 AM
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Top News

Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 122% YoY to $30B, above $28.7B est., forecasts Q3 revenue above est., and approves an additional $50B in share buybacks  —  Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
Financial Times:
Nvidia shares fall ~5% pre-market, after the company failed to top the highest analyst expectations and reported a gross margin of 75.1%, below 75.5% est.
Bloomberg:
Jensen Huang says Nvidia's new Blackwell chips will have “lots and lots of supply”, and the company expects billions of dollars in revenue from the chips in Q4
Gaspard Sebag / Bloomberg:
France charges Pavel Durov for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France  —  - Pavel Durov isn't responsible for crimes on app, lawyer says  — Durov out of detention on €5 million bail; can't leave France
Wall Street Journal:
Sources: OpenAI is in talks to raise funding at a $100B+ valuation; Thrive Capital is leading the round and will invest ~$1B, and Microsoft will also invest  —  Thrive Capital and Microsoft are among investors putting several billion dollars into ChatGPT maker
Sarah Perez / TechCrunch:
Threads now lets users see and like fediverse replies on other posts besides their own, and posts submitted via Threads API will be syndicated to the fediverse  —  Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon …
Nico Grant / New York Times:
Yelp sues Google, alleging Google used its dominance in general search to gain an unfair advantage in local search services and local search advertising markets  —  Yelp complained for more than a decade that Google tilted the search market in its favor.  After its rival's landmark legal loss, it finally decided to sue.
Jaspreet Singh / Reuters:
CrowdStrike reports Q2 revenue up 32% YoY to $963.9M, vs. $958.6M est., and cuts its FY 2025 revenue and profit forecasts, after July's Windows outage  —  CrowdStrike (CRWD.O) cut its annual revenue forecast on Wednesday, in a sign that demand for its cybersecurity products could have taken …
Abner Li / 9to5Google:
Google rolls out Imagen 3 to all Gemini users and Gems, which allows the creation of custom Gemini chatbots, to Gemini Advanced, Business, and Enterprise users  —  Following the preview at I/O 2024 in May, Gemini is rolling out Gems, as well as Imagen 3, to Advanced subscribers.  —  Gems
Julia Love / Bloomberg:
Google plans to roll out image generation of people to Gemini paid users soon, after suspending the feature in February 2024 over criticism of racial depictions
Jason Schreier / Bloomberg:
Sources: Bungie fired Chris Barrett, a former top executive, in March 2024 after he was accused by several female employees of inappropriate behavior  —  Veteran developer who worked on hit video game franchises Halo and Destiny was directing the next major title, Marathon.
Eric Slivka / MacRumors:
Kuo: in the 2025 iPhone lineup, only the iPhone 17 Pro Max will have 12GB DRAM and an upgraded cooling system combining vapor chamber tech and graphite sheets  —  Just a day after a noted leaker on Chinese microblogging site Weibo suggested the iPhone 17 lineup in 2025 could see an upgrade …
Ben Weiss / The Verge:
Documents and sources detail OpenSea's chaotic work environment, ever-shifting priorities, and regulatory issues, as the SEC and FTC make inquiries  —  The rise and fall of NFTs made and unmade OpenSea — the largest marketplace for the crypto asset.  But insider accounts of the company reveal …
Katherine Ross / Blockworks:
OpenSea says the US SEC sent it a Wells notice calling NFTs sold on the platform securities; CEO Devin Finzer says the company is “ready to stand up and fight”
Nate Raymond / Reuters:
A US court rules TikTok must face a lawsuit over a 10-year-old's death and the “blackout challenge”, saying algorithmic curation isn't protected by Section 230  —  A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral …
Anna Tong / Reuters:
California's State Assembly passes the AI safety bill SB 1047, which now goes back to the Senate for a process vote before requiring Governor Newsom's signature  —  California lawmakers passed a hotly contested artificial-intelligence safety bill on Wednesday, after which it will need …
Sylvia Varnham O'Regan / The Information:
Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power  —  Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:10 AM ET, August 29, 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.

From Mediagazer

Gene Maddaus / Variety:
WGA East members working for PBS member stations reach a deal, averting a strike; the union says the deal expands protections to animation writers

Dominic Ponsford / Press Gazette:
Jason Cowley, the editor-in-chief of UK magazine the New Statesman, is stepping down from the position at the end of December after 16 years

Ayodeji Rotinwa / Columbia Journalism Review:
A look at the Agora Center for Research, a Ugandan newsroom sitting between activism and investigative reporting, posting its work on various social media sites

More News

Tianyu Fang / Rest of World:
As Chinese EV manufacturers consolidate and close, EV owners say they're losing access to smartphone app updates and features that rely on cloud services

Earlier Picks

David Pierce / The Verge:
ESPN launches a Where to Watch feature on its website and app, which aims to be a universal guide for streaming sports with data from 250+ streaming services
Lora Kolodny / CNBC:
Environmental and health advocates accuse xAI of adding to pollution in Memphis, Tennessee, by using unauthorized gas burning turbines at its new data center
Brody Ford / Bloomberg:
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+
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