Techmeme
August 28, 2024, 8:50 PM

Top News

Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 122% YoY to $30B, vs. $28.7B est., forecasts Q3 revenue above est., and says it approved an additional $50B in share buybacks  —  Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
Financial Times:
Gaspard Sebag / Bloomberg:
Pavel Durov is charged in France for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France  —  - Prosecutors set €5 million bail, ban Durov from leaving France  — Telegram says CEO has ‘nothing to hide’ and seeks resolution
Politico:
Wall Street Journal:
Financial Times:
New York Times:
Wall Street Journal:
Sources: OpenAI is in talks for a funding round valuing it above $100B; Thrive Capital is leading the round and will invest ~$1B, and Microsoft will also invest  —  Thrive Capital and Microsoft are among investors putting several billion dollars into ChatGPT maker
Sarah Perez / TechCrunch:
Threads now lets users see and like fediverse replies on other posts besides their own, and posts submitted via Threads API will be syndicated to the fediverse  —  Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon …
Abner Li / 9to5Google:
Google rolls out Imagen 3 to all Gemini users and Gems, which allows the creation of custom Gemini chatbots, to Gemini Advanced, Business, and Enterprise users  —  Following the preview at I/O 2024 in May, Gemini is rolling out Gems, as well as Imagen 3, to Advanced subscribers.  —  Gems
Julia Love / Bloomberg:
Jaspreet Singh / Reuters:
CrowdStrike reports Q2 revenue up 32% YoY to $963.9M, vs. $958.6M est., and cuts its FY 2025 revenue and profit forecasts, after last month's Windows outage  —  CrowdStrike (CRWD.O) cut its annual revenue forecast on Wednesday, in a sign that demand for its cybersecurity products could have taken …
Katherine Ross / Blockworks:
Nate Raymond / Reuters:
A US court rules TikTok must face a lawsuit over a 10-year-old's death and the “blackout challenge”, saying algorithmic curation isn't protected by Section 230  —  A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral …
David Pierce / The Verge:
ESPN launches a Where to Watch feature on its website and app, which aims to be a universal guide for streaming sports with data from 250+ streaming services  —  ESPN's newest feature will be a welcome bookmark for sports fans everywhere: the company just launched “Where to Watch,” …
Brody Ford / Bloomberg:
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+  —  - Delay follows Hindenburg short alleging ‘accounting red flags’  — Shares of the server maker tumbled after trading opened
Sylvia Varnham O'Regan / The Information:
Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power  —  Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees.
Nico Grant / New York Times:
Yelp sues Google, alleging Google used its dominance in general search to gain an unfair advantage in local search services and local search advertising markets  —  Yelp complained for more than a decade that Google tilted the search market in its favor.  After its rival's landmark legal loss, it finally decided to sue.

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More News

Anna Tong / Reuters:
Lora Kolodny / CNBC:
Shopify:
David Pierce / The Verge:

Earlier Picks

Andy Greenberg / Wired:
Mark Gurman / Bloomberg:
Peter Kafka / Business Insider: