Techmeme
July 31, 2024, 4:10 AM

Top News

Microsoft:
Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% YoY to $22B, Office Commercial revenue up 12% YoY, and LinkedIn revenue up 10% YoY  —  REDMOND, Wash. — July 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2024 …
Jordan Novet / CNBC:
Microsoft Q4: Intelligent Cloud revenue up 19% YoY to $28.52B, vs. $28.68B est., including Azure and other cloud services up 29% YoY; MSFT drops ~3% after hours  —  Microsoft shares fell 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue …
Tom Warren / The Verge:
Kif Leswing / CNBC:
AMD reports Q2 revenue up 9% YoY to $5.83B, vs. $5.72B est., Data Center revenue up 115% to $2.8B, net income up 881% to $265M, Q3 revenue forecast above est.  —  Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth …
Sean Hollister / The Verge:
AMD CEO Lisa Su says the MI300 AI chips did over $1B in sales in Q2 and that supply of MI300 chips will remain tight through 2025  —  AMD just announced its second quarter 2024 earnings today, and the highlight was this: nearly half the company's sales are now data center products …
Lauren Feiner / The Verge:
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House  —  The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) …
Bloomberg:
Sources: Intel may unveil plans as early as this week to cut thousands of jobs to reduce costs and fund a rebound from an earnings slump and market share losses  —  - CEO Gelsinger embarks on ambitious effort to regain share  — Chipmaker is spending on research, development and new plants
Maxwell Zeff / TechCrunch:
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May, to ChatGPT Plus users  —  OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.
Kate Gibson / CBS News:
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers  —  Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform …
Sheila Chiang / CNBC:
Samsung reports Q2 revenue up 23.42% YoY to ~$53.45B, vs. ~$53.3B est., operating profit up 1,458% YoY to ~$7.5B, as AI memory chip demand remains strong  —  Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand for its advanced memory chips …
Boone Ashworth / Wired:
Startup Friend previews a $99 AI pendant with an always-on microphone that's designed to provide the wearer with companionship, set to ship in January 2025  —  The latest attempt at an AI-powered wearable is an always-listening pendant.  But it doesn't help you be more productive, it just keeps you company.
Alex Heath / The Verge:
After users reported Meta's AI assistant incorrectly claimed the attempted assassination of Trump didn't happen, Meta blames hallucinations for the response  —  Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen …
Reuters:
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial recognition tech to collect biometric data of millions of Texans without consent  —  Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent …
Wall Street Journal:
How Elon Musk and X's division of labor stymied some of Linda Yaccarino's plans, like a Visa deal; internal figures show X had 250.8M DAUs in Q2, up 1.56% YoY  —  Tensions over the division of labor with Musk have stymied some of Yaccarino's initiatives  —  X Corp. Chief Executive Linda …
Akash Sriram / Reuters:
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help state residents access them via an app by early 2025  —  California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid …
Ananya Bhattacharya / Rest of World:
A profile of Bengaluru-based Pocket FM, which has 2,000+ audio shows with 10- to 15-minute episodes and is working with ElevenLabs to convert scripts into audio  —  Pocket FM is teaming up with U.S. text-to-speech app ElevenLabs to produce more shows for less time and money.  —  • MUMBAI, INDIA
More: Sifted
Mat Di Salvo / Decrypt:
The SEC charges BitClout founder Nader Al-Naji for raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about taking from proceeds  —  The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges …

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Gamification: A simple way to enjoy getting more work done  —  Work doesn't have to be boring.  Gamification transforms everyday tasks into exciting challenges, making employees feel more engaged and motivated.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
E2EE For All!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Decoder with Nilay Patel:
Why Trump can't be trusted with Congress' new anti-deepfake bill
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
Inside Bolt: From near-death to ~$40m ARR in 5 months--one of the fastest-growing products in history | Eric Simons (founder & CEO of StackBlitz)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
The Logan Bartlett Show:
Flexport CEO Ryan Petersen Breaks Down the Global Impact of Trump's New Tariffs
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Generative Now:
Dan Shipper: The First MultiModal Media Company
A podcast from Lightspeed dedicated to highlighting the stories, strategies and insights behind today's most exciting AI companies.
Subscribe to Generative Now.
Spotlight On:
Nebius's Arkady Volozh on What it Takes to Build Infrastructure Needed for the AI Era
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:10 AM ET, July 31, 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.

More News

The Information:

Earlier Picks

Bloomberg:
Jeff Stone / Bloomberg:
Stephanie Stacey / Financial Times:
Kylie Robison / The Verge:
Rafe Uddin / Financial Times:
Jagmeet Singh / TechCrunch: