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August 1, 2024, 12:35 PM
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Meta reports Q2 revenue up 22% YoY to $39B, net income up 73% to $13.5B, and family daily active people up 7% to 3.27B on average for June 2024; META jumps 5%+ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: Silicon Valley Business …, UploadVR, Kiplinger.com, Yahoo Finance, Finbold, Investing.com, Computing, Silicon Republic, WinBuzzer, Tech Monitor, Coinspeaker, COINTURK NEWS, CNBC, SiliconANGLE, Cointelegraph, The Wrap, The Hollywood Reporter, Constellation Research, Wall Street Journal, and CNBC
Threads: @jonathan_vanian_1, @supremebagholder, @kurtwag8, @karissabe, @supremebagholder, and @daveleebbg
| Alex Heath / The Verge: |
More: TechCrunch, CNBC, AI News, MIXED Reality News, Investopedia, Yahoo Finance, The Register, Benzinga, Android Central, and Associated Press
Threads: @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
X: @firstadopter, @jimcramer, @alexeheath, @bluechipdaily, @the_ai_investor, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg. Forums: r/technology
| Ivan Mehta / TechCrunch: |
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US — Google Thursday said that it is introducing new Gemini-powered features for Chrome's desktop version, including Lens for desktop … | Allison Johnson / The Verge: |
Apple Intelligence in iOS 18.1 beta hands-on: meaningful Siri language understanding improvements and Siri text input is nice, but few other notable features — In iOS 18's latest developer preview, Siri gets a glow-up. Like, the whole phone actually glows around the edges when you invoke Siri.| Kate Conger / New York Times: |
Don Lemon sues Elon Musk and X, arguing Musk refused to pay him after a $1.5M/year exclusive X content deal fell apart; Lemon did not sign a formal contract — The former CNN reporter said in a lawsuit that X had refused to pay him after a testy interview with its billionaire owner.| Alex Heath / The Verge: |
Reddit CEO Steve Huffman says Microsoft, Anthropic, and Perplexity need to pay to scrape Reddit's data, and blocking them has been “a real pain in the ass” — After striking deals with Google and OpenAI, Reddit CEO Steve Huffman is calling on Microsoft and others to pay if they want to continue scraping the site's data.
More: 404 Media, HotHardware, Search Engine Land, Computerworld, Quartz, Ars Technica, TweakTown, Engadget, Livemint, Android Headlines, WinBuzzer, Bloomberg, Windows Central, and Neowin
Forums: r/OpenAI, r/technology, and Ars OpenForum
| Brian Steinberg / Variety: |
WBD, Disney, and Fox plan to launch their joint sports streaming venture Venu for $42.99 per month initially, with a seven-day free trial, expected in fall 2024 — Streaming sports on a stand-alone basis won't be cheap. … The service is expected to debut in the fall in conjunction with the start of the next NFL season.| Shirin Ghaffary / Bloomberg: |
OpenAI tells US lawmakers that it is “dedicated” to “rigorous safety protocols at every stage of our process” and is working with the US AI Safety Institute — OpenAI, responding to questions from US lawmakers, said it's dedicated to making sure its powerful AI tools …
More: The Verge, TechCrunch, Engadget, Neowin, and Cybernews.com
X: @sama, @jeffladish, @kelseytuoc, and @basedbeffjezos
| Andrew Romero / 9to5Google: |
Telegram rolls out a Mini App Store to help users find apps, a new in-app browser that supports multiple tabs, and says mini apps have 500M+ out of 950M MAUs — Telegram is refining the in-app expereince, adding a new way to interact with the browser and a Mini App Store for native applications.| Sam Sabin / Axios: |
The CISA names Lisa Einstein as its first chief AI officer; Einstein has been a senior AI adviser at the agency since 2023 and helped craft CISA's AI roadmap — - She had been a senior adviser at the agency since last year, focused on AI issues — she helped craft CISA's AI roadmap … | Frederic Lardinois / TechCrunch: |
Google Cloud expands its database portfolio with new AI capabilities, including updates to its Spanner SQL database, which now supports graph and vector search — Google is hosting a version of its Cloud Next conference in Tokyo this week, and it's putting the focus squarely on tweaking …
More: The New Stack, ZDNET, SiliconANGLE, InfoWorld, and InfoQ
| Tom Warren / The Verge: |
Discord on Xbox gets the ability to watch friends' Discord streams whether they're sharing from a PC, a phone, or an Xbox, rolling out over the coming weeks — Microsoft and Discord are greatly improving the integration of the communication platform into Xbox consoles.
More: Discord Blog, Xbox Wire, Windows Central, TweakTown, Lifewire, TechRadar, WinBuzzer, Insider Gaming, Shacknews, Eurogamer.net, Press Start, Video Games Chronicle, XboxEra, Game Rant, Neowin, Pure Xbox, Thurrott, PC Gamer, Gizmodo, PCMag, IGN, and Dexerto
| Mike Scarcella / Reuters: |
A US judge dismisses a 2022 RNC lawsuit accusing Google of misdirecting its emails to Gmail spam folders, saying the RNC had not made an adequate case — A U.S. judge has thrown out a Republican National Committee lawsuit accusing Alphabet's Google of intentionally misdirecting …
More: The Verge and Bloomberg Law
| Sankalp Phartiyal / Bloomberg: |
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes — Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy.| Yoolim Lee / Bloomberg: |
Staff memo: Samsung's chip business head Jun Young-hyun warns Samsung risks getting into a “vicious cycle” if the company does not revamp its workplace culture — - Jun Young-hyun replaced his predecessor just a few months ago — It's trying to catch SK Hynix in the hot AI memory chip market
More: ExtremeTech and KED Global
| Cecilia D'Anastasio / Bloomberg: |
Roblox reports Q2 revenue up 31% YoY to $894M, bookings up 22% YoY to $995M, a $206M net loss, average DAUs up 21% YoY to 79.5M, projects Q3 bookings above est. — - Daily users jumped 21% in second quarter from a year ago — CFO Michael Guthrie stepping down to pursue personal interests
More: Barron's Online, RTÉ, TechRaptor, Roblox, and Benzinga
| Natasha Lomas / TechCrunch: |
The EU's AI Act takes effect, triggering staggered compliance deadlines for various AI developers and apps; most provisions will be fully applicable by mid-2026 — It's official: The European Union's risk-based regulation for applications of artificial intelligence has come into force from Thursday, August 1, 2024.| Bloomberg: |
Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies farm out IT workers to exploit the US visa lottery system — Each year in April, the US government conducts a lottery that shapes the lives of hundreds of thousands of people — and America's future as an economic power.
X: @deedydas, @yask123, @ericfan_journo, @ericfan_journo, @ericfan_journo, and @ericfan_journo. LinkedIn: Viet Bui
Forums: Hacker News and r/Economics
| Tales Azzoni / Associated Press: |
The Premier League, Bundesliga, DAZN, Sky, UEFA, CONMEBOL, and others write to X CEO Linda Yaccarino demanding more action against illegal soccer content on X — Some of Europe's main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino … | Katie Roof / Bloomberg: |
Protect AI, which develops software to help enterprises secure AI models and applications, raised $60M led by Evolution Equity Partners at a $400M valuation — The funding round, led by Evolution Equity Partners, values the startup at $400 million. New investors in the deal include 01 Advisors … | Reuters: |
UAE-based G42 is working with the US and Emirati government “to comply with the highest global standards” in AI, after US lawmakers questioned its China ties — UAE-based artificial intelligence company G42 is actively working with U.S. partners and the Emirati government to comply …
More: Politico
| Financial Times: |
Sources: the UK told tech companies the AI bill will make existing voluntary agreements legally binding and the AI Safety Institute into an Arm's Length Body — Minister assures tech firms that upcoming legislation will be highly targeted — UK tech secretary Peter Kyle … | Jonathan Kemper / The Decoder: |
Google unveils updates to its Gemma family of open models, including Gemma 2 2B, which it claims surpasses GPT-3.5 and Mixtral 8x7B on the LMSYS Chatbot Arena — Google has unveiled updates to its Gemma 2 family of open-source language models, focusing on improved performance, safety, and transparency.
More: Google Developers Blog, Tech Monitor, TechCrunch, Neowin, SD Times, Shelly Palmer, VentureBeat, The Indian Express, MarkTechPost, WinBuzzer, The Rundown AI, SiliconANGLE, Hugging Face, NewsBytes, Maginative, AIM, and TNW
X: @lmsysorg, @googledeepmind, @reach_vb, @googledeepmind, @gblazex, @chris_j_paxton, and @googledeepmind
LinkedIn: Wenjun Zeng and Ludovic Peran
| Mackenzie Hawkins / Bloomberg: |
Sources: the US considers unilateral restrictions on China's access to AI memory chips and equipment, to keep Micron, SK Hynix, and Samsung from supplying China — - SK Hynix and Samsung could be affected by the new US rule — China's AI memory chip capability lags behind global rivals
More: RTÉ, Semafor, Computerworld, The Korea Herald, Reuters, OC3D, TweakTown, Quartz, HotHardware, and Forbes
| Bloomberg: |
A look at Baidu's driverless taxi experiment in Wuhan, which became China's biggest proving ground for Baidu's taxis partly due to a relaxed regulatory approach — Wuhan's experiment with driverless taxis could help China lead the world on the emerging technology. It also risks putting thousands of people out of work.Sponsor Posts
Meta:
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
The crossroads of AI and SaaS — Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered. In a span of just two years, AI has made a name for itself as the key driver for innovation.
The crossroads of AI and SaaS — Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered. In a span of just two years, AI has made a name for itself as the key driver for innovation.
Genesys:
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.Who's Hiring In Tech?
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