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July 18, 2024, 11:55 PM
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Top News

Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B  —  Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $4.88 vs $4.74 per share expected by LSEG
Lucas Manfredi / The Wrap:
Netflix says its ad tier now accounts for over 45% of all signups in the markets where it's available, and ad tier memberships grew 34% QoQ in Q2
Hayden Field / CNBC:
OpenAI launches GPT-4o mini, a smaller, cheaper offshoot of GPT-4o, replacing GPT-3.5 Turbo, with support for all multimodal inputs and outputs coming soon  —  OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup's latest effort to expand use of its popular chatbot.
Simon Willison / Simon Willison's Weblog:
GPT-4o mini costs $0.15 per 1M input tokens and $0.60 per 1M output tokens, prices lower than those of Claude 3 Haiku and Gemini 1.5 Flash
Emma Roth / The Verge:
Google, OpenAI, Microsoft, Nvidia, and others form the Coalition for Secure AI to share best practices and open-source methodologies for secure AI deployment  —  Google, OpenAI, Microsoft, Amazon, Nvidia, Intel, and other big names in AI are coming together to form the Coalition for Secure AI …
Shaurya Malwa / CoinDesk:
Indian crypto exchange WazirX says one of its multisig wallets “experienced a security breach” after $230M+ in withdrawals; WazirX had $500M in holdings in June  —  One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post.
Elliptic:
Analysis: the North Korea-linked WazirX hackers took 200+ different assets, including $96.7M of Shiba Inu, $52.6M of Ether, $11M of Matic, and $7.6M of Pepe
Abner Li / 9to5Google:
Google says its goo.gl URL shortener links will stop working after August 25, 2025, after it stopped generating new goo.gl URLs in March 2019  —  After Google stopped generating new goo.gl URLs in March of 2019, those links will stop working on August 25, 2025.
Financial Times:
Sources: Meta is exploring a multibillion-euro investment in eyewear group EssilorLuxottica, which makes the Ray-Ban Meta glasses, to expand their partnership  —  Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership
Michael Nuñez / VentureBeat:
Nvidia and Mistral release Mistral NeMo, a 12B-parameter language model with a 128K-token context window, available under the Apache 2.0 open-source license  —  Nvidia and French startup Mistral AI jointly announced today the release of a new language model designed to bring powerful AI capabilities directly to business desktops.
Jay Peters / The Verge:
Xbox says an outage is affecting the Xbox Store and subscriptions, and it is investigating the cause; the outage has been going on since at least 6:57PM ET  —  If you're trying to play online games on your Xbox Series X / S, Xbox One, or even Xbox 360 right now, you might be running into some issues …
The Information:
Sources: OpenAI has talked to chip designers including Broadcom about developing an AI server chip and hired former members of a Google unit that produces TPUs  —  Last year, as the world's top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers …
Tim Starks / CyberScoop:
A US judge dismisses most of a SEC lawsuit accusing SolarWinds of misleading investors by failing to disclose cybersecurity failures in its Orion software  —  The groundbreaking lawsuit's claims about inadequate disclosures related to the historic Sunburst attack were thrown out Thursday.
The Information:
An ex-Reality Labs manager says Meta asked the unit to cut spending by ~20% from 2024 to 2026; Meta plans two Quest 4 versions in 2026 and a Quest Pro 2 in 2027  —  Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams.
Emma Roth / The Verge:
Apple is launching new immersive video content for the Vision Pro over the next few months, including content from The Weeknd and the 2024 NBA All-Star Weekend  —  Apple is launching new “immersive” video content for the Vision Pro over the next few months, including one from The Weeknd …
Spencer Soper / Bloomberg:
Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152  —  - Discounts on electronics, small appliances drove spending  — Amazon sale prompts rival retailers to offer their own deals
Bloomberg:
Sources: Cellebrite gave the FBI unreleased tech to access the Trump shooter's phone, a “newer Samsung model”, after the FBI's first attempt to crack it failed  —  - Initial attempt to access newer Samsung model didn't work  — Cellebrite sent FBI technical support, unreleased software
Bianca Bharti / BetaKit:
Montréal-based Planned, which offers corporate events and travel planning tools, raised a CAD$35M Series B led by Drive Capital  —  The startup plans to automate “tragically old school industry” and expand internationally.  —  Montréal-based Planned has secured $35 million CAD …
More: Planned, FinSMEs, and PhocusWire

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:55 PM ET, July 18, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Dade Hayes / Deadline:
The NAB's CEO says the FCC's “nearly unprecedented request” for Disney to reapply for TV licenses is contrary to established principles and creates uncertainty

New York Times:
Digital advertising is booming for Google and Meta, helped by AI tools used for language translation, real-time changes to ad copy, and easier ad targeting

Brian Morrissey / The Rebooting:
Guardian US MD Steve Sachs says the paper has a larger audience than WaPo, and 700K paid supporters, with reader revenue up 35% per year for the past two years

More News

Nick Baker / CoinDesk:
Messari CEO Ryan Selkis says he ran “too hot” with X posts this week calling for war and sending immigrants back, after Messari management told him to cool it
Bloomberg:
Block's Cash App plans to close its UK operations on September 15, after launching in 2018, as the company “deprioritizes global expansion” to focus on the US
Bloomberg:
Sources: Apple has spoken to many of the largest Hollywood studios about acquiring more programming from their libraries to offer customers in the US and abroad

Earlier Picks

Ryan Dinsdale / IGN:
Nintendo unveils a Joy-Con charging stand for the Switch, over seven years after launching the console, available on October 17, but doesn't announce a price
New York Times:
How Spain relies on the VioGén algorithm to score the likelihood of recurring domestic violence and decide protection measures, with at times fatal consequences
Sheila Chiang / CNBC:
TSMC reports Q2 revenue up 40.1% YoY to ~$20.82B and net income up 36.3% YoY to ~$7.62B, both above estimates, as advanced AI chip demand continues to surge
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