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August 2, 2024, 12:00 PM
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Top News

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 …
Kif Leswing / CNBC:
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B
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.
Jordan Novet / CNBC:
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B estimated, Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 25%+
Josh Sisco / Politico:
Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, on antitrust grounds  —  The investigation adds to the global pressure by regulators to prevent control of artificial intelligence by just a handful of the world's largest technology companies.
Paul Alcorn / Tom's Hardware:
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues  —  Trying to build goodwill.  —  Intel told us today that it will extend the warranty on its boxed Intel Core 13th- and 14th-Gen processors by two additional years.
Pei Li / Bloomberg:
Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems  —  - iPhone maker wants to close loopholes in mini-games payments  — Handling in-app purchases is a lucrative business for Apple
Sean Michael Kerner / VentureBeat:
Stability AI announces Stable Fast 3D, a generative AI model for rapid 3D asset generation, says it can generate a 3D asset from a single image in 0.5 seconds  —  Not all that long ago, it used to be hard, really hard to generate 3D images.  It was a process that involved complex wireframes, complicated software and beefy hardware.
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.
Jordan Novet / CNBC:
Amazon reports Q2 AWS revenue up 19% YoY to $26.28B, vs. $26.02B est., and AWS operating income of $9.33B, vs. $8.51B est., up from $5.37B in Q2 2023
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units  —  Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.
Bill Toulas / BleepingComputer:
Infoblox and Eclypsium: since 2018, Russian hackers hijacked 35K+ registered domains using Sitting Ducks attacks that involve exploiting DNS configuration flaws  —  Threat actors have hijacked more than 35,000 registered domains in so-called Sitting Ducks attacks that allow claiming …
Bill Donahue / Billboard:
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying using proprietary music to train AI models is fair use  —  In their first responses to the sweeping copyright lawsuits that could define AI music, lawyers for Suno and Udio don't exactly hold back.
Tuvan Gumrukcu / Reuters:
Turkey blocks Instagram without stating a reason or the duration; a Turkish official claimed Instagram blocked condolence posts on Ismail Haniyeh's killing  —  Turkey has blocked access to social media platform Instagram, the infotech regulator said on Friday, without stating a reason …
The Canadian Press:
Study: a year after Meta blocked news content in Canada due to the Online News Act, Canadians' total engagement with news content on social media is down 43%  —  Canadian news struggling after Meta ban: study  —  MONTREAL - A new study is painting a grim portrait of how local Canadian news outlets …
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.
Nathan Edwards / The Verge:
Surface Pro 11 review: OLED display is vibrant, Flex Keyboard is magic, hardware is solid, but it's costly, not all x86 apps run well, AI features are skippable  —  Microsoft's latest 2-in-1 is all in on Arm, and it's the closest the company's come to merging the power of a laptop with the battery life and flexibility of a tablet.

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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

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

More News

David Shepardson / Reuters:
A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge
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

Earlier Picks

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 20%+
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
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
CyberScoop:
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia
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
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