UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer
Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
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 …
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.
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.
Microsoft says Delta, which said it had to manually reset ~40K PC servers because of CrowdStrike, had “not modernized its IT infrastructure” and refused “help”
says airline refused help following CrowdStrike outage, and even ignored an email from Satya Nadella himself Jak Connor / TweakTown : Microsoft responds to Delta's threats over $500 million CrowdStrik...
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.
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 …
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 …
The UK Online Safety Bill, taking effect in 2025, wouldn't address anti-immigrant lies on Telegram, TikTok, and X fueling riots, even before it was watered down
Parmy Olson / Bloomberg :
US v. Google: Eddy Cue said there's no price Microsoft could offer to change Safari's default search engine to Bing, stating Microsoft offered “Bing for free”
Finally, a legal ruling on whether TikTok is a real search engine. (It's not.)
Reddit reports Q2 revenue up 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques up 51% YoY to 91.2M, and net loss down 75% YoY to $10.1M; RDDT drops 5%+
Jonathan Vanian / CNBC :
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 …
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.
Brian Chesky says Airbnb plans to expand into new products and services, including co-hosting this fall, guest services, and a relaunch of experiences next year
Airbnb CEO Brian Chesky suggested on Tuesday's Q2 earnings call with investors that the company will soon expand into new products and services …
Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB drops 14%+
Revenue Q2 revenue of $2.75 billion increased 11% compared … Rohan Goswami / CNBC : Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand Ana Altchek / Business Insider : Air...
Roku plans to launch a free, ad-supported 24/7 sports channel across its devices, apps, and website on August 12, showing live Sunday MLB games and more
The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker and sports-themed Roku Originals produced …
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott”
In an all-hands at X, formerly Twitter, CEO Linda Yaccarino attempted … Karissa Bell / Engadget : X sues advertisers for ‘illegal boycott’ of the platform Grace Eliza Goodwin / Business Insider : Elon...
Sweden's EQT plans to buy a majority stake in Swiss cybersecurity and data protection company Acronis, sources say valuing Acronis at $4B, up from $3.5B in 2022
Sweden's EQT (EQTAB.ST) said on Wednesday it will acquire a majority stake in Swiss cybersecurity and data protection company Acronis.
Google unveils the $100 Google TV Streamer, with better performance than Chromecast with Google TV, Thread and Matter support, and more, shipping September 24
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% YoY to $4.02B, vs. $4.07B est., and projects $4B-$4.1B in Q3 Gross Bookings, vs. $4.14B est.
- Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 20%+
- Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections
Automattic launches Write Brief with AI, to help users write and tweak content using text prompts, in beta on Jetpack, after launching an AI assistant in 2023
Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly.
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices
OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze's movie “Her.”
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.
Intel says its Foundry's lead products on Intel 18A are booting and expects the first external customer chip design tape out in H1 2025
A look at UnDisruptable27, a new project backed by a $700K grant to help fix cybersecurity weaknesses in US water, food, health care, and other vital sectors
As digital threats against US water, food, health care, and other vital sectors loom large, a new project called UnDisruptable27 aims …
Imec, one of the top chip R&D companies, reports several breakthroughs for printing logic and memory chips in a joint ASML lab using ASML's new High NA tool
Toby Sterling / Reuters :
The UK CMA approves HPE's $14B deal to buy Juniper Networks after finding no competition concerns, following EU regulators approving the deal on August 1
Katharine Gemmell / Bloomberg :
Release notes indicate macOS may get Apple Intelligence in the EU, unlike iOS and iPadOS, perhaps because of differences in how DMA requirements apply
Ryan Christoffel / 9to5Mac :
A profile of Yang Zhilin, the founder and CEO of China's highest-valued AI unicorn Moonshot, who studied at Carnegie Mellon University and worked at Huawei
Ben Jiang / South China Morning Post :
California's AI safety bill will harm developers, open-source development, the public sector, and academia, while failing to address the potential harms of AI
Fei-Fei Li / Fortune : X: @jonas_vollmer , @drfeifei , @michael05156007 , @terencecraig , @noahpinion , @chris_j_paxton , @drfeifei , @rajammanabrolu , @deanwball , @jeremybwhite , @rao_hacker_one , ...
Coupang reports Q2 revenue up 25% YoY to $7.3B and a $77M net loss, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine
Yoolim Lee / Bloomberg :
How Les Wexner, Victoria's Secret billionaire owner, made early investments in Atlantic Crypto, which then turned into CoreWeave, netting him a $720M stake
Forbes : X: @_iainmartin , @_iainmartin , and @hkanji X: Iain Martin / @_iainmartin : A 86-year-old retail billionaire (with a complicated legacy) might be one of the big winners from investing in th...
KNIME, an open-source data science and AI platform used by AMD, Audi, and ~400 other customers, raised $30M from Invus, taking its total funding to $50M
Kyle Wiggers / TechCrunch :
Instacart reports Q2 revenue up 15% YoY to $823M, vs. $806M est., gross transaction value up 10% to $8.19B; CART jumps 7%+
Dear Shareholders, Our strong Q2 results demonstrate our consistent execution towards … Anita Ramaswamy / The Information : Instacart Shares Surge on Higher Revenue
AI threatens to upend India's $250B outsourcing industry, as companies plan to automate BPO; HSBC says 80%+ of the S&P 500 outsource some operations to India
Megha Mandavia / Wall Street Journal :
A profile of Kakao founder Kim Beom-su, who South Korea arrested in July 2024 on stock manipulation charges relating to Kakao's takeover of a K-pop agency
Financial Times :
Global crypto hubs like Hong Kong and Dubai face a challenging outlook, as the brightening US political backdrop for crypto attracts companies and investors
Bloomberg :
Amazon Music debuts Topics, which helps users find podcast episodes by topic and is powered by both AI and humans
Lauren Forristal / TechCrunch :
Seattle-based industrial analytics startup Seeq raised a $50M Series D led by Sixth Street Growth, bringing its total raised to ~$165M
Lisa Stiffler / GeekWire :
Division in Hollywood's approach to AI is growing, as some studios want to use AI tools more often in production, while unions aim to establish guardrails
Winston Cho / The Hollywood Reporter : See also Mediagazer
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