Techmeme
July 26, 2024, 11:15 PM
 

July 26, 2024

10:15 PM  •
Bloomberg:  Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B
7:40 PM  •
Michael Hytha / Bloomberg:  Chinese self-driving startup WeRide files to list on the Nasdaq under the symbol WRD, reporting a loss of $268M on revenue of $55M in 2023
6:55 PM  •
George Hammond / Financial Times:  Freelancer.com, iFixit, and others say Anthropic's crawler has aggressively scraped their websites, potentially breaching their terms of service
6:15 PM  •
Jon Brodkin / Ars Technica:  US-based security vendor KnowBe4 says it unwittingly hired a North Korean hacker who then unsuccessfully attempted to load malware into the company's network
5:15 PM  •
Financial Times:  A look at the race to build advanced AI robots; PitchBook: robotics startups have raised $6.5B across 552 deals in 2024 vs. $9.7B across 1,256 deals in 2023
3:00 PM  •
Financial Times:  Ireland's Data Protection Commission says it is surprised and is “seeking clarity” about X's move to automatically allow user data to train Grok
2:20 PM  •
Jiyoung Sohn / Wall Street Journal:  US unions are trying to organize staff at chip firms set to receive CHIPS Act grants; CWA is pushing to organize workers at Intel and other big chip companies
12:35 PM  •
Jon Brodkin / Wired:  A North Korean Hacker Tricked a US Security Vendor Into Hiring Him—and Immediately Tried to Hack Them
11:35 AM  •
Kevin Okemwa / Windows Central:  X activates a setting, on by default, that gives it permission to train Grok on user's posts; the setting can be turned off on the web but not in the mobile app
10:45 AM  •
Clare Duffy / CNN:  Kamala Harris, who began her career in the Bay Area and was involved in Biden's pro-tech actions like the CHIPS Act, sees a surge of support from tech donors
9:15 AM  •
Bloomberg:  How TikTok is trying to fend off a potential US ban via ad campaigns, funding creators' lawsuits, and spending $6M on lobbying in H1 2024, vs. $3.5M in H1 2023
8:15 AM  •
Arjun Kharpal / CNBC:  An interview with Samsung's mobile chief TM Roh on the Galaxy AI push, monetizing AI, future products such as foldables and mixed reality headsets, and more
7:20 AM  •
Michal Lev-Ram / Fortune:  A profile of, and interview with, Sequoia Managing Partner Roelof Botha on increasing Sequoia's focus on AI investments, staying politically neutral, and more
6:40 AM  •
Amy Edelen / Phoenix Business Journal:  The US Commerce Department says it signed a nonbinding preliminary agreement with Amkor for a CHIPS Act award consisting of $400M in grants and $200M in loans
6:05 AM  •
Joyce Lee / Reuters:  SK Hynix announces plans to invest roughly $6.8B through 2028 on a chip plant in Yongin, South Korea, including a “mini-fab” to process 300mm silicon wafers
5:55 AM  •
Akayla Gardner / Bloomberg:  The Biden administration says Apple has agreed to adopt the White House's voluntary safeguards for AI, joining OpenAI, Amazon, Alphabet, Microsoft, and others
4:10 AM  •
Angel Au-Yeung / Wall Street Journal:  Inside JD Vance's VC career: five years, two firms before co-founding Narya, investing in AppHarvest, which faced lawsuits and filed for bankruptcy, and more
2:05 AM  •
Patrick Sisson / Bloomberg:  As xAI builds a supercomputer in Memphis set for 2025, many locals are wary of its benefits, and environmental advocates are puzzled over its potential effects

July 25, 2024

11:25 PM  •
Washington Post:  A look at the flood of “fancam” Kamala Harris videos and memes on short-form video platforms, echoing the “meme armies” that backed Donald Trump's campaigns
10:40 PM  •
Katie Roof / Bloomberg:  Self-driving startup Applied Intuition raised $300M+ as part of a secondary deal that allowed shareholders and employees to sell shares in the $6B company
10:15 PM  •
Denver Business Journal:  Florida-based IntelePeer, which develops software to help businesses automate customer contact centers using AI, raised $140M in equity and debt
9:55 PM  •
Bloomberg:  FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
9:30 PM  •
Dan Goodin / Ars Technica:  Binarly: UEFI Secure Boot is completely compromised on 200+ device models sold by Acer, Dell, Gigabyte, Intel, and Supermicro due to a cryptographic key leak
8:45 PM  •
Associated Press:  The US DOJ indicts a North Korean hacker, still at large, for his alleged role in the Andariel group's cyberattacks on US hospitals, NASA, and military bases
8:20 PM  •
Todd Spangler / Variety:  Kamala Harris joins TikTok, after an explosion of Harris memes since she announced her presidential run; her account has attracted 1.6M+ followers in ~16 hours
7:45 PM  •
Kali Hays / Fortune:  Memo: Jack Dorsey plans a Block restructuring to remove business unit silos and group staff by function and warns that it may feel “disruptive or uncomfortable”
7:30 PM  •
Sam Sabin / Axios:  CrowdStrike CEO George Kurtz says 97% of Windows sensors are back online, about a week after CrowdStrike shipped a faulty update that bricked 8.5M Windows PCs
7:15 PM  •
Julie Bort / TechCrunch:  A decade-old drama between David Sacks and Parker Conrad blew up into a fight on X over VC behavior, drawing in Paul Graham and other big Silicon Valley names
6:30 PM  •
G.S Vasan / 91mobiles:  Leaked promo materials reveal Pixel 9 series specs: all four phones get the Tensor G4, the Pixel 9 Pro comes in 6.3" and 6.8" models with 16GB of RAM, and more
5:30 PM  •
Reuters:  Canalys: China's smartphone shipments rose 10% YoY in Q2, with Huawei's shipments up 41% YoY; Apple's market share in China dropped from 16% in Q2 2023 to 14%
5:10 PM  •
Spencer Soper / Bloomberg:  Amazon says a judge has dismissed a Washington state case, alleging that Amazon exposed warehouse workers to injuries, for lack of evidence
4:50 PM  •
Ashley Gold / Axios:  Anthropic says it does not support California's AI safety bill and suggests changes, including a shift from “pre-harm enforcement” to “outcome-based deterrence”
4:35 PM  •
Epic Games:  Epic plans to bring its mobile games to AltStore on iOS in the EU, and remove its games from the Galaxy Store to protest Samsung blocking sideloading by default
4:25 PM  •
Jake Rudnitsky / Bloomberg:  Russia says it will throttle YouTube download speeds on computers by 70% by the end of next week, as “a consequence of the anti-Russian policy of the host”
3:50 PM  •
Sarah Parvini / Associated Press:  SAG-AFTRA announces a strike starting on Friday against major video game studios, including EA, after talks for a new contract broke down over AI protections
3:15 PM  •
Chris Welch / The Verge:  Sonos CEO Patrick Spence apologizes for Sonos' redesigned app, which launched in May to widespread criticism, and promises biweekly app updates through the fall
2:45 PM  •
Deepa Seetharaman / Wall Street Journal:  OpenAI says it partnered with publishers such as News Corp and The Atlantic to build its SearchGPT search tool; publishers can manage how their content appears
2:35 PM  •
Ivan Mehta / TechCrunch:  Meta says WhatsApp now has more than 100M MAUs in the US and that more than 50% of WhatsApp users in the country have an iPhone; WhatsApp has 2B+ MAUs globally
2:16 PM  •
Kylie Robison / The Verge:  OpenAI unveils SearchGPT, a GPT-4-powered search tool that can organize links and summarize its findings, limited to 10K users but eventually coming to ChatGPT
2:00 PM  •
Maia Spoto / Bloomberg:  California's Supreme Court upholds Prop 22, allowing Uber, Lyft, DoorDash, and other companies to keep classifying California drivers as independent contractors
12:50 PM  •
Nilay Patel / The Verge:  FTC's newly unredacted filings quote an Adobe exec comparing early termination fees to “heroin”; Adobe's Dana Rao says the person was not on the leadership team
12:25 PM  •
Jay Peters / The Verge:  Google updates its Gemini chatbot with Gemini 1.5 Flash and a 32K-token context window in its free tier, links to related content for some prompts, and more
11:45 AM  •
Bloomberg:  Google DeepMind rolls out AlphaProof AI model, which specializes in math reasoning, and AlphaGeometry 2, an updated version of a model focused on geometry
11:25 AM  •
Victoria Song / The Verge:  Samsung Galaxy Ring review: great hardware, long battery life, and requires no subscription, but it's Android only and health tracking accuracy is a mixed bag
11:05 AM  •
Foo Yun Chee / Reuters:  Sources: in a few weeks, the EU is set to hit Meta with its first antitrust fine, for up to 10% of its 2023 global revenue, for tying Marketplace and Facebook
10:35 AM  •
Todd Spangler / Variety:  The new Disney+, Hulu, and Max streaming bundle goes on sale in the US for $16.99 per month with ads and $29.99 per month without ads
10:15 AM  •
Samantha Cole / 404 Media:  Source and doc: Runway scraped thousands of videos from YouTube creators and brands, including Disney and VICE News, to train its Gen-3 AI video generation tool
10:05 AM  •
Taylor Soper / GeekWire:  Chainguard, which helps companies secure their software supply chain, raised a $140M Series C co-led by Redpoint, Lightspeed, and IVP at a $1.12B valuation
9:50 AM  •
Emilia David / VentureBeat:  OpenAI details Rule-Based Rewards, a method it has been using to automate some model fine-tuning and cut down the time required to ensure a model behaves safely
9:10 AM  •
Financial Times:  The UK FCA fines Coinbase £3.5M for providing payment services to 13K+ “high-risk” customers, in the agency's first enforcement action against a crypto company
8:40 AM  •
Sam Altman / Washington Post:  We need a US-led global coalition of like-minded countries and a new strategy to ensure that a democratic vision for AI prevails over an authoritarian one
8:15 AM  •
Omkar Godbole / CoinDesk:  DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B
7:15 AM  •
Kyle Wiggers / TechCrunch:  Crunchbase: in H1 2024, generative AI startups raised $500M across 198 angel/seed deals, $8.7B across 39 early-stage deals, and $3.1B across 18 late-stage deals
6:35 AM  •
Ivan Mehta / TechCrunch:  The Oversight Board urges Meta to refine its policies around AI-generated explicit images, following investigations into how the company handles such images
6:15 AM  •
TechCrunch:  Google debuts new Maps features in India to help users easily navigate through flyovers and narrow roads, says it made an AI model specifically for Indian roads
6:00 AM  •
Bloomberg:  Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba
4:10 AM  •
Akila Quinio / Financial Times:  Revolut secures a UK banking license, ending a more-than-three-year-long regulatory battle; the London-based fintech has ~9M UK customers and 45M+ globally
2:30 AM  •
Justine Calma / The Verge:  A NASA-funded study of satellite data finds traffic-related NO2 pollution spiked ~20% near ~150K large US warehouses, which have proliferated due to e-commerce
2:10 AM  •
Michael Hennessey / Bloomberg:  STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B
1:55 AM  •
Laura Dobberstein / The Register:  India drops the 2% equalization levy on digital services offered by foreign companies starting August 1; the levy had become a point of contention with the US
12:55 AM  •
Sara Fischer / Axios:  A group of 17 US lawmakers ask Meta to delay shutting down CrowdTangle for at least six months, saying that Meta Content Library has “significant limitations”
12:40 AM  •
New York Times:  Analysis: since the start of Ukraine war in 2022, Russia obtained ~$4B worth of US restricted chips from 6K+ companies, including from shell firms in Hong Kong
12:20 AM  •
Paul Sawers / TechCrunch:  Lakera, which helps enterprises protect generative AI apps from LLM vulnerabilities, raised a $20M Series A led by Atomico, bringing its total funding to $30M
12:05 AM  •
Bloomberg:  Enterprise financial software company OneStream's shares closed up 34.25% at $26.85 in its Nasdaq debut, giving it a market cap of ~$6.2B, after a ~$490M IPO

July 24, 2024

11:25 PM  •
Ingrid Lunden / TechCrunch:  Dazz, which provides AI-based cloud security remediation software for enterprises, raised $50M from Greylock and others, sources say at a ~$400M valuation
10:25 PM  •
Brody Ford / Bloomberg:  ServiceNow President CJ Desai leaves the company after an internal probe found he violated company policy related to a US contract and an ex-Army CIO's hiring
10:05 PM  •
Olivia Carville / Bloomberg:  Meta removes ~63K Instagram accounts used by sextortion scammers in Nigeria, along with ~7,200 Facebook accounts, Pages, and Groups linked to the Yahoo Boys
9:55 PM  •
Barry Schwartz / Search Engine Land:  Microsoft says “Bing stopped crawling Reddit” after Reddit updated its robots.txt file on July 1 to prohibit “all crawling of their site”
9:35 PM  •
Dana Hull / Bloomberg:  Elon Musk's X poll asking whether Tesla should invest $5B in xAI ends with 67.9% voting yes, after Musk said on Tesla's earnings call that he supported the idea
8:55 PM  •
Reuters:  SK Hynix Q2: revenue up 125% YoY to ~$11.86B, operating profit of ~$3.96B, its highest quarterly profit in six years, and sees further rising chip demand in H2
7:45 PM  •
Paul Alcorn / Tom's Hardware:  AMD delays its Zen 5 Ryzen 9000 launch, originally set for July, to August due to an unspecified quality issue, and pulls back all shipped units to replace them
7:15 PM  •
Romain Dillet / TechCrunch:  Privacy-focused developer Proton debuts a self-custody bitcoin wallet, its first cryptocurrency product, initially for early access Proton Visionary subscribers
6:35 PM  •
Zac Bowden / Windows Central:  Microsoft unveils Bing generative search, which shows LLM-generated answers with the sources used to create them, currently available to a small subset of users
5:05 PM  •
Jess Weatherbed / The Verge:  AltStore PAL now offers third-party iOS apps in the EU, starting with two torrenting apps, a social discovery app for dating, and a PC emulator
4:45 PM  •
Bloomberg:  IBM reports Q2 revenue up 2% YoY to $15.8B, vs. $15.6B est., and says bookings for AI consulting and software have exceeded $2B since mid-2023, vs. $1B in Q1
4:30 PM  •
Josh Eidelson / Bloomberg:  Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750
4:00 PM  •
Chance Miller / 9to5Mac:  Apple launches Apple Maps on the web in beta, available in English and compatible with Safari and Chrome on Mac and iPad, and Chrome and Edge on Windows PCs
3:20 PM  •
Shubham Sharma / VentureBeat:  Mistral announces Mistral Large 2, the new generation of its flagship model, with 123B parameters; commercial usage requires a separate license
2:40 PM  •
Emanuel Maiberg / 404 Media:  Reddit appears to be blocking search engines that don't rely on Google's indexing; Bing, DuckDuckGo, Mojeek, and others are not showing recent Reddit results
2:05 PM  •
Reuters:  Atos appoints its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh, in its fifth top management reshuffle in less than two years
1:25 PM  •
Nick Robins-Early / The Guardian:  Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B
12:55 PM  •
Alex Konrad / Forbes:  Airtable launches Cobuilder, which can generate apps from text prompts and match them to relevant data and customer information already stored within Airtable
12:00 PM  •
Lizette Chapman / Bloomberg:  All Raise: ~18% of US VC firms have at least one female partner, double from 2018; PitchBook says female founders had almost 28% of total US deal value in 2023
11:35 AM  •
Michael Peel / Financial Times:  Researchers suggest that using “synthetic” data, created by AI systems to train LLMs, could lead to the rapid degradation of AI models and a collapse over time
11:25 AM  •
Sean Michael Kerner / VentureBeat:  Stability AI unveils Stable Video 4D, a model based on its Stable Video Diffusion model that takes video input and generates videos from eight new perspectives
10:40 AM  •
Matt Day / Bloomberg:  Early Microsoft Copilot adopters say the AI assistants excel at distilling information but require cleaning up corporate data and lots of employee training
10:15 AM  •
Financial Times:  The US NCSC warns US tech startups that “foreign threat actors”, including China, might use private investment to exploit them and threaten national security
9:55 AM  •
Allison Johnson / The Verge:  Samsung Galaxy Z Fold6 review: very good battery life, easy multitasking, and seven years of updates, but a narrow cover screen, and bulky, heavy, and expensive
9:40 AM  •
Alexander Martin / The Record:  Law enforcement officials and experts: criminal groups are shying away from large ransomware-as-a-service platforms after disruption operations and an exit scam
9:15 AM  •
Chris Welch / The Verge:  Google updates the Play Store on Android to add categorized “Collections” that show installed app content, expand Play Pass, and add curated comics in Japan
8:35 AM  •
Sarah McBride / Bloomberg:  Compliance startup Vanta raised a $150M Series C led by Sequoia Capital at a $2.45B valuation, up from $1.6B in 2022, to accelerate adding AI to its products
8:25 AM  •
Jess Weatherbed / The Verge:  Twitch introduces new policy and moderation updates to curb sexual harassment, including making its policy “easier to understand” and adding moderation tools
8:15 AM  •
Paul Sawers / TechCrunch:  The Overture Maps Foundation, backed by Microsoft, Amazon, Meta, TomTom, and others, releases four global open maps datasets; Transportation remains in beta
7:50 AM  •
Katie Roof / Bloomberg:  LA-based Pearl, an FDA-approved startup that uses AI to assist dentists to make diagnoses, raised a $58M Series B led by Left Lane Capital at a $400M valuation
7:30 AM  •
Giulio Piovaccari / Reuters:  Ferrari plans to accept crypto payments for its cars at European dealers from the end of July, and internationally by the end of 2024, expanding on the US
6:35 AM  •
New York Times:  Kamala Harris took a leading White House role on AI, including meeting executives; a Harris win could mean a continued relatively smooth runway for AI companies
6:10 AM  •
Parmy Olson / Bloomberg:  Google's failed deal with Wiz, and with HubSpot before that, puts Google in an awkward spot to grow Cloud; Wiz staff are likely upset at missing a big payday
5:45 AM  •
New York Times:  A profile of Blake Benthall, arrested in 2014 for running Silk Road 2.0, which had 1.7M users and $8M/month sales, as he promotes his crypto startup Fathom(x)
4:50 AM  •
Phil Serafino / Bloomberg:  French cybersecurity company Exclusive Networks receives a binding buyout proposal from private equity firms CD&R and Permira valuing Exclusive at ~€2.2B
4:30 AM  •
Jillian Ambrose / The Guardian:  Irish government data: data centers in Ireland used 21% of the country's electricity in 2023, up 20% YoY, topping the 18% of electricity used by all urban homes
4:15 AM  •
Natalie Lung / Bloomberg:  A dip in rental profits and a shift to longer stays has led some US hosts and property managers to circumvent Airbnb, including asking guests to book directly
2:40 AM  •
Politico:  Some in Silicon Valley hope Kamala Harris could provide a chance for a reset, after years of bipartisan criticism in Washington, DC, toward Big Tech companies
2:30 AM  •
Simon Sharwood / The Register:  CrowdStrike says the problematic July 19 software update that brought down 8.5M Windows PCs was deployed into production due to “a bug in the Content Validator”
2:20 AM  •
Reuters:  Foxconn announces plans to invest $137.5M to construct a new business HQ in Zhengzhou, China, after signing a contract with the Henan provincial government
1:35 AM  •
Echo Wang / Reuters:  Sources: enterprise financial software maker OneStream raised $490M after pricing its IPO at $20/share, above its $17-$19 marketed range, for a $4.6B valuation
12:50 AM  •
Eva Dou / Washington Post:  Elon Musk says Starlink service is now active in a hospital in Gaza, reflecting Israel's reluctance for Gaza residents to have internet access more broadly
12:40 AM  •
Kelly Le / South China Morning Post:  In an effort to compete with Shein and Temu, Alibaba's Taobao and Tmall offer qualified merchants, selling goods in the fashion category, free overseas shipping

July 23, 2024

11:15 PM  •
Manish Singh / TechCrunch:  India scraps “angel tax” for all classes of investors, a major victory to the country's startup ecosystem that had lobbied for years against the measure
10:35 PM  •
Kyle Wiggers / TechCrunch:  Seattle-based QA Wolf, which helps companies automate QA testing for apps, raised a $36M Series B and opens a waitlist for Android and iOS test automation
9:50 PM  •
Ian King / Bloomberg:  Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts' estimates of $4.14B, easing fears of a chip downturn
9:25 PM  •
Keith Broni / Emojipedia:  X reverts its water pistol emoji back to a firearm on the web, after Twitter originally switched the pistol emoji from a realistic-looking handgun in 2018
9:00 PM  •
Benj Edwards / Ars Technica:  Meta says it will allow developers to use the outputs from Llama models, including Llama 3.1 405B, to improve other models for the first time
8:40 PM  •
Eva Roytburg / Fortune:  Elon Musk says “I am not donating $45M a month to Trump” and that he created America PAC to support Trump, without revealing how much he is donating
7:55 PM  •
Kyle Wiggers / TechCrunch:  Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M
7:45 PM  •
Reuters:  Sources: Samsung's HBM3 chips have been cleared by Nvidia for use in its H20 GPU, developed for the Chinese market; HBM3E chips are still being tested
6:45 PM  •
Brian Heater / TechCrunch:  Mytra, a startup building autonomous robots for warehouses that can move loads up to 3,000 pounds, emerges from stealth with $78M in total funding
6:35 PM  •
Jennifer Elias / CNBC:  Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M YoY, and announces a “multiyear” $5B investment in Waymo
6:20 PM  •
Bloomberg:  US spot ether ETFs hit $1B+ in trading volume across nine funds, a strong debut but far from the $4.6B traded during the spot bitcoin ETFs debut in January 2024
6:05 PM  •
The Information:  Internal messages: Meta staff complained about Threads' algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out
5:50 PM  •
Bloomberg:  Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
5:20 PM  •
Benjamin S. Weiss / Courthouse News Service:  US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there's enough support among his colleagues
4:40 PM  •
Jennifer Elias / CNBC:  Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time
4:30 PM  •
Alex Weprin / The Hollywood Reporter:  YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google's subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B
4:16 PM  •
Stephanie Palazzolo / The Information:  Source: OpenAI has reassigned Aleksander Madry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning
4:07 PM  •
Alphabet:  Alphabet reports Q2 revenue up 14% YoY to $84.7B, net income up 29% YoY to $23.6B, Search revenue of $48.5B, up from $42.6B YoY, headcount down 1% to 179,582
4:05 PM  •
Chris Welch / The Verge:  Daniel Ek says Spotify is working on a deluxe Spotify tier, costing around $17 to $18, that has “a lot more control, a lot higher quality across the board”
3:50 PM  •
The Hollywood Reporter:  Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1
2:30 PM  •
Kyle Wiggers / TechCrunch:  Harvey, which is building an AI-powered “copilot” for lawyers, raised a $100M Series C led by GV that values it at $1.5B and brings its total funding to $206M
2:00 PM  •
Danny Nelson / CoinDesk:  dYdX says v3, an older version of its DeFi crypto exchange that is reportedly for sale and averages ~$1.5B/week in derivatives trading, “has been compromised”
1:25 PM  •
Brian Merchant / Wired:  A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work”
1:15 PM  •
Mark Zuckerberg / Meta:  Mark Zuckerberg argues that “open source AI” is the path forward, closed models are vulnerable to vendor lock-in and state-backed espionage, and more
12:50 PM  •
Mariella Moon / Engadget:  Meta plans to roll out its AI assistant to the Quest in August, limited to US and Canada users in experimental mode, after debuting on the Ray-Ban smart glasses
12:25 PM  •
Suzanne Smalley / The Record:  The US FTC seeks info from Mastercard, Accenture, and six other companies related to their “surveillance pricing products” that use personal data, AI, and more
12:15 PM  •
Financial Times:  Meta VP Rob Sherman confirms a report that Meta received an EU request to pause future AI model training on data in the EU, and says the EU may get left behind
12:05 PM  •
Chris Morris / Fortune:  Netflix last week reported it is developing 80 games, most “interactive narrative games” based on its IP, and will debut one a month; Netflix offers 100+ games
11:52 AM  •
The Information:  Sources: Apple is working on a foldable, clamshell-design iPhone that could debut as soon as 2026, and reached out to Asian component suppliers in recent months
11:12 AM  •
Bloomberg:  Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4
9:45 AM  •
Ivan Mehta / TechCrunch:  Posh, an iOS app that offers a TikTok-like vertical feed of events, raised a $22M Series A, taking its total funding to $31M, and claims 2M registered users
9:30 AM  •
Jess Weatherbed / The Verge:  Adobe rolls out new Illustrator features like Generative Shape Fill, powered by its latest Firefly Vector model now in beta, and new and updated Photoshop tools
8:25 AM  •
Mary Ann Azevedo / TechCrunch:  Vancouver-based Clio, which makes cloud tools to help law firms run more efficiently, raised a $900M Series F at a $3B valuation, up from $1.6B in April 2021
8:10 AM  •
Todd Spangler / Variety:  Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more
7:30 AM  •
Andy Greenberg / Wired:  Dragos details a sample of Russia-linked malware used in a hack in January 2024 to target a heating utility in Lviv, Ukraine, cutting service to 600 buildings
7:15 AM  •
Paula Doenecke / Bloomberg:  Swiss computer hardware maker Logitech reports Q2 revenue up 12% YoY to $4.34B and expects 2024 sales up 1% to 3%, up from 0% to 2% previously forecast
7:00 AM  •
Neal E. Boudette / New York Times:  GM says Cruise restarted test operations in three US cities after a vehicle dragged a pedestrian in October 2023, and suspends developing its Cruise Origin cab
6:50 AM  •
Michael Peel / Financial Times:  Google Research and others detail NeuralGCM, a model combining ML and weather forecasting tools that produced a breakthrough in accurate long-range predictions
6:40 AM  •
David Shepardson / Reuters:  A five-month FCC investigation finds AT&T's February 2024 outage that lasted 12+ hours blocked 92M+ voice calls and prevented 25K+ attempts to reach 911
6:30 AM  •
Samuel Stolton / Bloomberg:  The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other
6:20 AM  •
Ashley Carman / Bloomberg:  Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+
6:05 AM  •
Vittoria Elliott / Wired:  Mozilla and AI Forensics: TikTok Lite, launched in 2018 and aimed at poorer markets, leaves AI-generated content unlabeled and lacks other similar safeguards
5:55 AM  •
Abner Li / 9to5Google:  Leaked images show the upcoming “Google TV Streamer”, a set-top box with a pill-shaped design, to replace the dongle form factor, and an updated, longer remote
5:45 AM  •
Reuters:  India plans to cut import duty on mobile phones and some key parts from 20% to 15%, a move that will directly benefit Apple, as part of its 2024/2025 budget
5:35 AM  •
Lynn Doan / Bloomberg:  NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+
4:15 AM  •
Stu Woo / Wall Street Journal:  Scientists hunt for clues about China's supercomputing progress as Chinese scientists turn secretive and stop participating in the Top500, after US sanctions
2:00 AM  •
Hannah Murphy / Financial Times:  A profile of Nick Pickles, who has recently been promoted to X's VP of global affairs; sources say Pickles has become the right-hand man to CEO Linda Yaccarino
1:15 AM  •
Nikkei Asia:  Malaysia plans to require social media and messaging apps to register for a renewable license starting late 2024; Singapore asks online platforms to curb scams
12:50 AM  •
Bloomberg:  Sources: TikTok plans to launch TikTok Shop in Spain and Ireland as early as October; the rollout will be smaller than previously envisioned amid EU scrutiny

July 22, 2024

11:20 PM  •
Bloomberg:  An investigation shows how pedophiles groom children using Roblox, a problem exacerbated by Roblox not collecting any personal information beyond a user's age
10:40 PM  •
CNBC:  Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned
10:10 PM  •
Dana Mattioli / Wall Street Journal:  Sources: Amazon lost $25B+ on its devices business between 2017 and 2021, and its plan to sell hardware at a lower price and make money elsewhere hasn't worked
9:10 PM  •
Bloomberg:  Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea, putting $15M in AI chipmaker Rebellions
8:05 PM  •
Reuters:  FlightAware: Reeling from CrowdStrike-related outages, Delta has canceled 5,000+ flights since Friday, including 1,159 flights on Monday and 400+ on Tuesday
7:55 PM  •
Ian King / Bloomberg:  AMD President Victor Peng, who rejoined the chipmaker in 2022 following its acquisition of Xilinx, where he served as CEO, plans to retire on August 30, 2024
7:15 PM  •
Sean O'Kane / TechCrunch:  Monarch Tractor, which makes autonomous electric tractors, raised a $133M Series C co-led by Astanor and HH-CTBC Partnership at a $500M+ valuation
5:40 PM  •
Paul Alcorn / Tom's Hardware:  Intel says “elevated operating voltage” is causing “instability issues” in some Core 13th and 14th Gen desktop processors, and plans to release a fix in August
5:25 PM  •
Sarah Wynn / The Block:  The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading
5:05 PM  •
Larry Dignan / Constellation Research:  SAP reports Q2 cloud revenue up 25% YoY to €4.15B, revenue up 10% YoY to €8.29B, a €918M net profit, and says a “restructuring” will affect ~10,000 jobs
4:15 PM  •
Jessica Mathews / Fortune:  A rare look inside Iconiq Growth two months after the firm closed a $5.75B fund, its largest ever and 42% larger than its previous fund
3:30 PM  •
Digiday:  Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs
3:05 PM  •
Bill Toulas / BleepingComputer:  A Telegram for Android zero-day, patched on July 11, let attackers send malicious Android APK payloads as video files; the exploit was for sale from June 6
1:50 PM  •
Paul Alcorn / Tom's Hardware:  An interview with AMD's Mike Clark, who has worked on AMD's CPU architectures for 31 years and led Zen development through all of its five generations
12:25 PM  •
Wes Davis / The Verge:  The EU tells Meta its “pay or consent” model for Facebook and Instagram may violate consumer protection laws, giving Meta until September 1 to propose changes
9:40 AM  •
Ingrid Lunden / TechCrunch:  Tel Aviv-based enterprise identity management startup Linx emerges from stealth with $27M co-led by Index and Cyberstarts, after raising $6M led by Cyberstarts
9:25 AM  •
Sahil Patel / The Information:  Reddit COO Jen Wong says the company has revenue sharing deals with the NFL, the NBA, MLB, and others to get video and other content, hoping to draw advertisers
9:10 AM  •
Bloomberg:  Toronto-based AI startup Cohere raised a $500M Series D led by Canadian pension fund PSP at a $5.5B valuation, after raising $270M at a $2.2B valuation in 2023
6:50 AM  •
Bloomberg:  China removes sanctions on US communications company Viasat, saying the situation had changed, without elaborating, a rare reversal for the Chinese government
6:30 AM  •
Rebecca Spear / Windows Central:  Asus ROG Ally X review: easier to grip, comfortable to hold, nice black casing, games run smoothly, and improved, but not great, battery life, and no touchpads
6:10 AM  •
Financial Times:  How Japan lured some AI companies with copyright laws that critics say allow using copyrighted images and other materials to train AI models, alarming creators
5:55 AM  •
Julian Chokkattu / Wired:  Nothing's CMF Phone 1 review: excellent performance, camera, battery, display, and software, far above rival $199 phones, but no NFC and spotty US band support
4:10 AM  •
Sarah E. Needleman / Wall Street Journal:  How EA used AI to scan ~11K players' photos to create 3D avatars for its college football game; the NCAA first let players to sell their likeness rights in 2021
2:25 AM  •
Paul Sawers / TechCrunch:  An interview with Arkady Volozh, CEO of Nebius, formerly Yandex NV, on selling its Russian assets and pivoting to become a full-stack AI infrastructure provider
12:45 AM  •
Fanny Potkin / Reuters:  Sources: Nvidia is working with Inspur to launch and distribute “B20”, a new flagship AI chip for China that would be compatible with current US export controls

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