Techmeme
July 18, 2024, 11:35 AM

Top News

Shaurya Malwa / CoinDesk:
Indian crypto exchange WazirX says one of its multisig wallets “experienced a security breach” after $230M+ in withdrawals; WazirX had $500M in holdings in June  —  One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post.
Financial Times:
Sources: Meta has explored a multibillion-euro investment in eyewear group EssilorLuxottica, which makes the Ray Ban-Meta glasses, to expand its partnership  —  Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership
Hayden Field / CNBC:
OpenAI unveils GPT-4o mini, calling it “the most capable and cost-efficient small model available”, and plans to integrate image, video, and audio into it later  —  OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup's latest effort to expand use of its popular chatbot.
Joseph Cox / 404 Media:
Leaked documents: Cellebrite couldn't forcibly unlock an iPhone running iOS 17.4 or newer as of April 2024; most of the listed Android devices could be unlocked  —  Cellebrite, the well-known mobile forensics company, was unable to unlock a sizable chunk of modern iPhones available on the market …
Ina Fried / Axios:
Spencer Soper / Bloomberg:
Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152  —  - Discounts on electronics, small appliances drove spending  — Amazon sale prompts rival retailers to offer their own deals
Vitalik Buterin:
People in crypto should not choose political allegiances based on who claims to be “pro-crypto”, as such politicians might go against crypto's underlying goals  —  Over the last couple of years, “crypto” has become an increasingly important topic in political policy …
Sheila Chiang / CNBC:
TSMC reports Q2 revenue up 40.1% YoY to $20.82B and net income up 36.3% YoY to $7.62B, both above estimates, as demand for advanced AI chips continue to surge  —  Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter …
Arjun Kharpal / CNBC:
Global chip stocks fell sharply after reports of tighter export restrictions from the US and comments from Trump, who said Taiwan should pay the US for defense  —  WATCH NOW  —  Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions …
Cagan Koc / Bloomberg:
CNBC:
New York Times:
How Spain relies on the VioGén algorithm to score the likelihood of recurring domestic violence and decide protection measures, with at times fatal consequences  —  Spain has become reliant on an algorithm to score how likely a domestic violence victim is to be abused again …
Michael Nuñez / VentureBeat:
Nvidia and Mistral announce Mistral NeMo, a 12B-parameter model with a context window of up to 128k tokens, available under the Apache 2.0 open-source license  —  Nvidia and French startup Mistral AI jointly announced today the release of a new language model designed to bring powerful AI capabilities directly to business desktops.

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