Techmeme
August 7, 2024, 12:10 PM

Top News

Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B and a $47M streaming business operating income, a first, vs. a $512M loss in Q3 2023, and revenue up 15% to $6.4B  —  Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Emma Roth / The Verge:
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024  —  Disney Plus will soon no longer let you share your password with people outside your household.
Financial Times:
Tom Warren / The Verge:
AMD says its flagship Ryzen 9 9950X with 16 cores will launch on August 15 for $649, or $50 less than the Ryzen 9 7950X, and other new CPUs are $20-$50 cheaper  —  AMD has finally revealed the launch prices for its new range of Ryzen 9000 desktop CPUs, and it's pricing them slightly lower than the Ryzen 7000 launch prices.
Ryan Browne / CNBC:
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 units sold, down 27% YoY  —  Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations …
Lauren Forristal / TechCrunch:
Reddit says it plans to test AI-powered search result pages to “summarize and recommend content” later in 2024, powered by first-party and third-party tech  —  Reddit users will soon see AI-generated summaries at the top of search results.  —  Reddit CFO Drew Vollero told investors during …
Jonathan Vanian / CNBC:
Jessica Lyons / The Register:
CrowdStrike shares a root cause analysis of the July 19 outage, and says it hired two third-party security firms to review its Falcon threat-detection suite  —  And reveals the small mistake that bricked 8.5M Windows boxes  —  CrowdStrike has hired two outside security firms to review …
CNBC:
Michelle Pokrass / OpenAI:
OpenAI adds Structure Outputs, a feature to ensure model-generated outputs match JSON Schemas, to its API and offers lower pricing for new GPT-4o model versions  —  We are introducing Structured Outputs in the API—model outputs now reliably adhere to developer-supplied JSON Schemas.
The Verge:
Max A. Cherney / Reuters:
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal  —  For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.
Annie Palmer / CNBC:
Supermicro shares dropped ~10% after the company reported $5.31B in Q4 revenue, below est., earnings below est., and announces a 10-for-1 stock split  —  Shares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations.
Natalie Lung / Bloomberg:

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