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August 1, 2024, 5:30 PM
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Mediagazer
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| Apple Inc.: |
Apple reports Q3 revenue up 5% YoY to $85.8B, net income up 8% to $21.4B, Americas net sales up 6% to $37.7B, and Europe net sales up 8% to $21.9B — June quarter records for Revenue and EPS Services revenue reaches new all-time high — Apple® today announced financial results …
More: The Information, Macworld, MacRumors, The Verge, MarketWatch, Constellation Research, BGR, Six Colors, MacDailyNews, and Cult of Mac
X: @emilychangtv, @thetranscript_, @neilcybart, @pkafka, @munster_gene, @benbajarin, @markgurman, and @neilcybart
Forums: r/apple and MacRumors Forums
| Kif Leswing / CNBC: |
More: Nikkei Asia, 9to5Mac, Wall Street Journal, 9to5Mac, Bloomberg, Benzinga, and Six Colors. LinkedIn: Emil Protalinski
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 17%+ after hours — Intel shares slid 10% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees …
More: Intel, Investor's Business Daily, Financial Times, New York Times, Wall Street Journal, Associated Press, Reuters, Constellation Research, Yahoo Finance, Shacknews, TipRanks Financial, and Intel
X: @durvidimel, @markhachman, @ldignan, @thestalwart, and @mackhawk
Forums: Hacker News and r/hardware
| Dean Takahashi / VentureBeat: |
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024 — Intel announced that it will lay off 15% of its workforce as part of a broad cost-reduction program.
More: Intel, CTech, Portland Business Journal, The Register, Axios, PCWorld, Benzinga, Tom's Hardware, Bloomberg, Reuters, VideoCardz.com, IGN, PetaPixel, Investing.com, Yahoo Finance, Guru3D, and TechPowerUp
X: @sarahfrier, @mikeisaac, and @durvidimel
| Amazon.com, Inc.: |
Amazon reports Q2 revenue up 10% YoY to $148B, a $13.5B net income, vs. $6.7B YoY, $14.7B operating income, vs. $7.7B YoY, subscription sales up 10% to $10.9B — Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024.
More: Investor's Business Daily, GeekWire, CNBC, Reuters, Constellation Research, and Financial Times. LinkedIn: Emil Protalinski
| Jordan Novet / CNBC: |
More: Associated Press, The Verge, Quartz, Inc.com, and Investor's Business Daily
X: @jaminball, @jaminball, @jaminball, and @thetranscript_
| Chance Miller / 9to5Mac: |
Apple files a motion to dismiss the US DOJ's antitrust lawsuit, arguing the lawsuit has not demonstrated anticompetitive conduct and would harm innovation — Apple has officially filed a motion to dismiss the Department of Justice's antitrust lawsuit filed in May. Apple argues the case … | Jordan Novet / CNBC: |
In its annual report, Microsoft adds OpenAI as a competitor in AI offerings and search and news advertising; OpenAI unveiled its prototype SearchGPT last week — Microsoft's relationship with OpenAI has officially become more complicated. — On Tuesday, Microsoft added …
More: TechCrunch, Wall Street Journal, U.S. Securities and Exchange Commission, The Register, ZDNET, Dexerto, Computerworld, and Business Today
Forums: Hacker News, r/microsoft, and Slashdot
| 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 …
More: The Keyword, Google Chrome on YouTube, The Verge, 9to5Google, Android Authority, Financial Express, Livemint, AppleInsider, Neowin, Social Media Today, How-To Geek, Trusted Reviews, SiliconANGLE, Android Police, ZDNET, iDownloadBlog.com, Macworld, PCWorld, XDA Developers, Engadget, The Verge, iPhone in Canada Blog, MacRumors, Android Central, Tom's Guide, Android Headlines, Cult of Mac, Lifewire, BGR, iClarified, Chrome Unboxed, Search Engine Journal, and RM Update News
| Alex Heath / The Verge: |
On Meta's earnings call, Mark Zuckerberg said Llama 4 will need almost 10x more compute to train than Llama 3.1, Quest 3 sales exceeded expectations, and more — Meta's second quarter earnings continue the same story from the previous quarter: generative AI may be here, but it's going to take a long time to make money.
More: Meta Investor Relations, Observer, The Register, TechCrunch, CNBC, The Decoder, Neowin, UploadVR, Fortune, AI News, Investopedia, MIXED Reality News, Benzinga, Android Central, and Associated Press
Threads: @vocino, @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
| Akash Sriram / Reuters: |
Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 revenue below expectations; SNAP drops 15%+ after hours — Snap (SNAP.N) forecast current-quarter sales and adjusted core earnings below market expectations on Thursday as the Snapchat owner grapples … | 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.| CyberScoop: |
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia — The U.S. government has released at least two Russian nationals behind some of the most notorious cybercrimes of the past decade.
More: The Record, SecurityWeek, Washington Post, CNBC, NBC News, Protos, BusinessLIVE, The Cyber Express, Nextgov/FCW, The Guardian, Associated Press, Wall Street Journal, NPR, New York Post, CBS News, NBC Bay Area, and Reuters
X: @emptywheel and @eamonjavers
Forums: r/cybersecurity, r/13KeysToTheWhiteHouse, and Slashdot
| Zac Hall / 9to5Mac: |
The Twitter for Mac app appears to have been delisted from the App Store; some users say their X accounts were suspended after using the X for iPad app on macOS — As noted by Vedant, the official Twitter for Mac app is currently missing from the Mac App Store.| Jason Koebler / 404 Media: |
Rabbit says a June security breach was caused by an employee who leaked API keys and has since been terminated, and it has revoked and rotated those API keys — AI personal assistant device company Rabbit said this week that a June hack of its systems was an “isolated incident [that] … | MK Manoylov / The Block: |
Morpho, a decentralized lending developer, raised $50M led by Ribbit Capital, after raising an undisclosed sum earlier in 2024, and $18M in 2022 — - The venture firm Ribbit Capital led a $50 million funding round for the decentralized lending developer Morpho Labs.
More: Morpho, CoinDesk, Cointelegraph, and crypto.news
| 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.
More: The Verge, Gizmodo, Benzinga, The Hill, Deadline, Engadget, The Hollywood Reporter, Bloomberg, NBC News, The Guardian, TMZ.com, Quartz, Washington Post, Reuters, Financial Times, Forbes, CoinGape, Variety, and Business Insider
Threads: @brianstelter and @kurtwag8
| 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.
More: Venu Sports, Engadget, Android Authority, PCMag, How-To Geek, Reuters, Associated Press, USA Today, CNBC, CNBC, Tom's Guide, NBC News, TechHive, The Streamable, AFTVnews, Business Insider, Quartz, Android Headlines, Deadline, Droid Life, The Hollywood Reporter, 9to5Mac, Spyglass, iClarified, CNET, The Verge, Digital Trends, StreamTV Insider, and MacDailyNews
X: @pkafka, @mgsiegler, @sherman4949, @lucas_shaw, @pkafka, and @richlightshed. Forums: r/television
| 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: Windows Central, VentureBeat, TechCrunch, The Decoder, 9to5Mac, Maginative, PetaPixel, Engadget, and Cybernews.com
X: @sama, @jeffladish, @kelseytuoc, and @basedbeffjezos
| 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.
More: CNBC, Associated Press, Android Headlines, Cryptopolitan, Channel Futures, European Commission, Quartz, TechRepublic, Crowdfund Insider, CIO Dive, Centre for Emerging Technology …, Silicon Republic, Cautious Optimism, Euronews, Euractiv, and Techstrong.ai
X: @vonderleyen, @turinginst, @eu_commission, and @eu_commission
| Bill Peters / MarketWatch: |
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations — Stock is still up this year, as investors digest the prospect of easing regulations — Coinbase Global Inc. on Thursday reported …
More: CoinDesk, Blockworks, Reuters, Bloomberg, and Coinbase
| 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: Roblox, Barron's Online, PYMNTS.com, Game World Observer, GamesIndustry.biz, Game Developer, Reuters, and Benzinga
| Lucas Manfredi / The Wrap: |
Roku reports Q2 revenue up 14% YoY to $968.2M vs. $935.3M estimated, a net loss of $33.95M vs. $107.6M in Q2 2023, and 83.6M streaming households, up 2M from Q1 — Shares rose over 6% in after-hours trading as the company posted a smaller than expected loss of 24 cents per share and better than expected revenue of $968 million| 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.| MacKenzie Sigalos / CNBC: |
Block reports Q2 revenue up 11% YoY to $6.16B, vs. $6.28B est., Square profit up 15% to $923M, Cash App profit up 23% to $1.3B, and raises its FY 2024 guidance — Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.
More: Block
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