Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% YoY to $22B, Office Commercial revenue up 12% YoY, and LinkedIn revenue up 10% YoY
REDMOND, Wash. — July 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2024 …
After users reported that Meta's AI assistant incorrectly claimed the attempted assassination of Donald Trump did not happen, Meta blames hallucinations
Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen …
AMD reports Q2 revenue up 9% YoY to $5.83B, vs. $5.72B est., Data Center revenue up 115% to $2.8B, net income up 881% to $265M, Q3 revenue forecast above est.
Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth …
Google rolls out online safety features to make removing explicit deepfakes from Search at scale easier and to prevent them from appearing high up in results
Google is rolling out new online safety features that make it easier to remove explicit deepfakes from Search at scale and prevent …
Microsoft Q4: Windows OEM revenue up 4% YoY, devices revenue down 11% YoY, overall gaming revenue up 44% YoY, and Xbox content and services revenue up 61% YoY
Tom Warren / The Verge :
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign
The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
Startup Friend previews a $99 AI pendant with an always-on microphone that's designed to provide the wearer with companionship, set to ship in January 2025
The latest attempt at an AI-powered wearable is an always-listening pendant. But it doesn't help you be more productive, it just keeps you company.
Spotify plans to expand the availability of lyrics for Spotify Free users in the “coming weeks”; paid subscribers could access unlimited lyrics since May 2024
The company capped access at three songs per month in May. — Spotify users who don't pay for a subscription …
Meta scraps its celebrity AI chatbot feature less than a year after launch and now expects people to use Meta's new AI Studio to customize their own AI avatars
“What's this?” — “Oh, ok.” — “Anyway....” — RE: https://www.threads.net/... X: Brendan Brady / @bradybrendan1 : I will miss you AI Paris Hilton! Brett Dashevsky / @brettdash_ : this was so predi...
Sources: Intel may unveil plans as early as this week to cut thousands of jobs to reduce costs and fund a rebound from an earnings slump and market share losses
- CEO Gelsinger embarks on ambitious effort to regain share — Chipmaker is spending on research, development and new plants
Microsoft reports Q4 Intelligent Cloud revenue up 19% YoY to $28.52B, vs. $28.68B est., including Azure and other cloud services up 29% YoY
but there's a rare miss for Azure cloud results Kamya Pandey / MEDIANAMA : Microsoft Reports $64.7 Billion Revenue in Q4 FY24, Marking 15% Increase Yuvraj Malik / Reuters : Microsoft beats quarterly r...
Nothing unveils the Phone 2A Plus, offering the same 6.7-inch display as the 2A and a new MediaTek Dimensity 7350 Pro 5G SoC, available for $399 on August 7
Plus is often used in smartphone naming to delineate a larger model with a bigger screen, but that's not the case here.
Zimperium: a massive SMS stealer campaign has targeted Android devices worldwide using Telegram bots to infect devices in 113 countries since February 2022
A malicious campaign targeting Android devices worldwide utilizes thousands of Telegram bots to infect devices with SMS-stealing malware …
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign
The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
Delta Air Lines CEO Ed Bastian says the CrowdStrike outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages
Atlanta-based carrier faces US government investigation over its handling of disruption — Delta Air Lines chief executive Ed Bastian …
Samsung reports Q2 revenue up 23.42% YoY to ~$53.45B, vs. ~$53.3B est., and operating profit up 1,458% YoY to ~$7.5B, as AI memory chip demand remains strong
Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand …
AMD CEO Lisa Su says the MI300 AI chips did over $1B in sales in Q2 and that supply of MI300 chips will remain tight through 2025
Sean Hollister / The Verge :
Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands
The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor …
An investigation finds 450+ illicit drug ads on Facebook and Instagram from March to June 2024, some showing bottles or bricks of cocaine; Meta removed the ads
Instagram and Facebook, already under federal investigation, continue to run ads for illegal drugs, including ads showing piles of pills and bricks of cocaine
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House
It's Our Last Chance To Stop It Cristiano Lima-Strong / Washington Post : Senate passes landmark bills to protect kids online, raising pressure on House Maya C. Miller / New York Times : Senate Passes...
An IBM and Ponemon study of 604 organizations affected by data breaches between March 2023 and February 2024 finds the global average cost rose 10% YoY to $4.9M
Businesses that fall victim to a data breach can expect a financial hit of nearly $5 million on average …
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers
even ones sold by third parties Taylor Soper / GeekWire : Federal regulator rules that Amazon is responsible for faulty products sold by third-party merchants Forums: r/usanews : Federal regulator say...
Amazon sues Nokia in Delaware federal court, accusing Nokia of infringing 12 AWS cloud computing patents; Nokia will “review these matters and defend ourselves”
Amazon.com (AMZN.O) sued Nokia (NOKIA.HE) in Delaware federal court on Tuesday, accusing the Finnish telecom company …
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May 2024, to ChatGPT Plus
here are the most surprising examples so far Eddie Mitchell / CCN.com : Voice Theft in AI: The Dark Side of OpenAI's Advanced Voice Mode Marco Lancaster / Gizchina.com : ChatGPT Plus Advanced Voice Mo...
Germany blames China for a “serious” 2021 cyberattack on its government agency for precision mapping, after a three-year investigation by its security services
Berlin says Beijing behind 2021 hack on precision mapping agency — Germany has blamed China for a “serious” …
Etsy plans to launch Etsy Insider, its first loyalty program, in September 2024 to boost sales; CEO Raina Moskowitz says it will cost about the price of a latte
Etsy said Wednesday it will begin testing its first-ever loyalty program in September, a move designed to boost …
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help state residents access them via an app by early 2025
Researchers: vulnerabilities in Badoo, Bumble, Grindr, happn, Hinge, and Hily let malicious users pinpoint locations to two meters; the apps fixed the issue
A group of researchers said they found that vulnerabilities in the design of some dating apps, including the popular Bumble and Hinge … Mastodon: @lorenzofb@infosec.exchange and @obrien_kat@mastodon.w...
Chinese regulators propose taking over online identity verification from companies to give people a single internet ID, citing privacy and online fraud
The government said the proposal would protect online privacy. Critics said it could further concentrate government control over the internet.
The SEC charges BitClout founder Nader Al-Naji for raising $257M+ from unregistered offers and sales of BTCLT and lying to investors about taking from proceeds
District of Columbia AG Brian Schwalb sues StubHub, alleging the company uses “deceptive, manipulative, and unfair practices” to advertise event fees to users
Emma Roth / The Verge :
Milan-based mobile app developer Bending Spoons acquires Dutch file-sharing service WeTransfer, which backed out of an IPO in 2022, without disclosing terms
- European app developer has bought Evernote and pursued Vimeo — Dutch firm WeTransfer pulled out of a potential IPO in 2022
Sony signs a deal to be the NFL's official tech and headphones partner, with a new headset in 2025; the NFL also plans to expand the use of Sony's Hawk-Eye tech
Randall Williams / Bloomberg :
Sources including frontline health care workers say their testing of Google's AI-powered nurse handoff tool has left questions about its consistency and quality
Zscaler ThreatLabz and Chainalysis say ransomware group Dark Angels received a payment worth ~$75M in early 2024, the largest known ransomware payment to date
Lawrence Abrams / BleepingComputer :
Interviews with 24 current and former Amazon staff say Jeff Bezos' Amazon Way principles remain core under Andy Jassy but are now less universally agreed upon
When Amazon ordered most workers back to the office three days a week in February 2023, Pamela Hayter was not happy about the end of a popular pandemic-era arrangement.
How US safeguards on the Microsoft-G42 deal, aiming to protect critical data center and AI infrastructure, could shape future international data center projects
one they are racing to control” https://www.ft.com/...
EA reports Q1 net bookings down 20% YoY to $1.26B, above its guidance forecast, revenue down 14% YoY to $1.66B, and net income down 30% YoY to 280M
Jordan Fragen / VentureBeat :
T-Mobile now has five partnerships with fiber internet providers that could serve millions of US users in the coming years, in a bid to catch AT&T and Verizon
Drew FitzGerald / Wall Street Journal :
Nvidia shares closed down 7% to $103.73, after falling ~23% since July 10, as investors pull back from large tech stocks amid doubts over AI spending paying off
Interviews with Hollywood sound and picture editors, artists, and others detail their fears of AI replacing much of their work, despite a new IATSE contract
or that they already are. https://www.nytimes.com/... Ryan W. Mead / @rwmead : The New York Times also covered the IATSE giving in to studio demands to allow AI in its new contract much to the dismay ...
Match Group reports Q2 revenue up 4% YoY to $864M, says the decline in paying users is stabilizing, and plans to 6% of its staff; MTCH jumps 7%+
» Total Revenue grew 4% over the prior year quarter to $864 million. Reuters : Tinder parent Match to cut 6% jobs as activist investors seek changes Yahoo Finance : Match Group, Inc. Overview Internet...
A profile of Bengaluru-based Pocket FM, which has 2,000+ audio shows with 10- to 15-minute episodes and is working with ElevenLabs to convert scripts into audio
Ananya Bhattacharya / Rest of World :
Samsung Galaxy Watch Ultra review: premium materials and build quality, and powerful Exynos processor, but too expensive, large, bulky, and only one size
Steve Smith / SlashGear :
Pinterest reports Q2 revenue up 21% YoY to $853.7M, vs. $847.8M est., MAUs up 12% YoY to 522M, and forecasts Q3 revenue below est.; PINS drops 13%+
Netflix files to raise $1.8B in a new debt offering, its first since the company was elevated to investment-grade status by Moody's and S&P Global in 2023
Alex Weprin / The Hollywood Reporter :
How Elon Musk and X's division of labor stymied some of Linda Yaccarino's plans, like a Visa deal; internal figures show X had 250.8M DAUs in Q2, up 1.56% YoY
Wall Street Journal : Threads: @karaswisher , @alexa.corse , and @alexa.corse X: @mediaevan , @barbariancap , and @youwouldntpost See also Mediagazer Threads: Kara Swisher / @karaswisher : “Sharing p...
Lineaje, a software supply chain management startup, raised a $20M Series A co-led by Prosperity7 Ventures, Neotribe Ventures, and Hitachi
An airline industry group executive says India doubled the use of digital biometric systems in airports to 28 in June, covering ~90% of sky-bound travel volumes
Chris Kay / Financial Times : X: @sushantsin X: Sushant Singh / @sushantsin : India is rapidly rolling out facial recognition technology at airports, streamlining security checks amid concern about t...
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