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August 3, 2023, 6:55 PM
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Top News

Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row and missing estimates of $88.8B, and net income up 2.3% YoY to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
Todd Spangler / Variety:
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions
Amazon:
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
Kris Holt / Engadget:
Google expands its privacy tools, including to alert users when their personal info appears in Search and to remove consensual explicit images from Search  —  The company will soon blur explicit imagery in results by default too.  —  Google has announced several updates to Search aimed …
Brian Fung / CNN:
Sensor Tower: Threads' DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1  —  Threads, Meta's Twitter rival, is struggling to retain users roughly a month after its highly publicized launch …
Arjun Kharpal / CNBC:
Nintendo Q1: revenue up 50% YoY to ~$3.2B and net profit up 52% YoY to ~$1.3B, driven by The Super Mario Bros. Movie, the new Zelda, and Switch sales up 13.9%  —  - Nintendo reported revenue for the June quarter of 461.34 billion yen ($3.2 billion), rising 50% year-on-year.
Andrew Tarantola / Engadget:
IBM, HuggingFace, and NASA release an open-source geospatial foundation model to support new climate and Earth science AIs that can track deforestation and more  —  The open-source model will serve as the basis for future forest, crop and climate change-monitoring AI.
Jess Weatherbed / The Verge:
Brave Search updates its image and video search to use Brave's own index rather than Bing's or Google's; some advanced search capabilities are still absent  —  Brave, best known for its privacy-focused web browser, is adding image and video search to Brave Search that now relies …
Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent  —  Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
TechCrunch:
India restricts importing laptops, tablets, PCs, and servers, effective immediately; analysts say the move appears aimed at boosting local tech manufacturing  —  India restricted import of laptops, tablets, other personal computers and servers with immediate effect on Thursday …
Ryan Smith / AnandTech:
AMD announces the Radeon Pro W7600 for $599, $50 cheaper than its predecessor, and the W7500 for $429, both based on its new Navi 33 GPU, available later in Q3  —  As AMD continues to launch their full graphics product stacks based on their latest RDNA 3 architecture GPUs …
Bloomberg:
Hong Kong grants its first crypto licenses to HashKey Exchange and OSL, legalizing retail trading of tokens as city officials seek to foster a global crypto hub  —  - Hong Kong is seeking to develop a digital-asset center  — City's pivot has received a guarded welcome from firms
Kyle Wiggers / TechCrunch:
Kickstarter plans to require that creators disclose if their projects use AI tools or any training data if they intend to develop AI tech, starting on August 29  —  As generative AI enters the mainstream, crowdfunding platform Kickstarter has struggled to formulate a policy that satisfies parties on all sides of the debate.
Shubham Kalia / Reuters:
Agence France-Presse sues X in Paris for refusing to discuss potential content distribution payments under a 2019 law; Elon Musk calls the lawsuit “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
Krystal Hu / Reuters:
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023  —  Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:55 PM ET, August 3, 2023.

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From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Leo Schwartz / Fortune:
Sources: CoinDesk owner Bullish fired three editors, including EIC Kevin Reynold, amid controversy over forcing editors to take down an article on Justin Sun

More News

Mary Ann Azevedo / TechCrunch:
Miami-based Lula, which offers insurance products to car rental, trucking, and logistic companies, raised a $35.5M Series B, after an $18M Series A in July 2021
GPU Utils:
An in-depth look at GPU supply and demand, particularly Nvidia H100s, how relying on TSMC can cause bottlenecks, H100 clients, Nvidia's allocations, and more
Claire Moses / New York Times:
After Dutch e-bike maker VanMoof declared bankruptcy, owners of its $2,000+ bikes worry about replacing proprietary parts and losing app-enabled bike functions

Earlier Picks

Parth M.N. / Wired:
India's months-long internet shutdown in the state of Manipur from May 4 did not stop ethnic violence and instead provided cover for murders, rapes, and arson
Threads: @carnage4life.  Mastodon: @carnage4life@mas.to.  Twitter: @peterguest, @shakirmir, and @gregwilliams718
New York Times:
How some people use “date-me docs”, online shareable documents akin to newspaper personal ads, to look for more meaningful connections than those in dating apps
Amanda Marcotte / Salon:
Some experts say trolls who built businesses and media careers on Twitter have had to escalate their shock value tactics as “normal people” continue to leave
Wall Street Journal:
Internal doc: Meta sold 300K Ray-Ban Stories smart glasses between the device's September 2021 launch and February 2023, but the wearable only had ~27K MAUs
Zeba Siddiqui / Reuters:
Microsoft says Russia-linked hackers are behind “highly targeted” social engineering attacks affecting fewer than 40 global organizations since late May 2023
CyberScoop:
Amit Yoran, the CEO of cybersecurity risk management company Tenable, says Microsoft partially fixed an Azure flaw that could let hackers access sensitive data
Emilia David / The Verge:
Meta releases AudioCraft, an open-source AI tool that lets users create music and sounds via text prompts, consisting of MusicGen, AudioGen, and EnCodec models
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