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July 24, 2024, 8:55 AM
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| 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 — MOUNTAIN VIEW, Calif. - July 23, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2024.
More: Android Police, The Register, Fortune, Observer, Yahoo Finance, TechRadar, Neowin, Blockonomi, Business Insider, Cointelegraph, Channel Futures, and The Verge
Threads: @crumbler. X: @swiftstories, @munster_gene, @munster_gene, @martyswant, @thetranscript_, and @andyorin. Forums: Hacker News
| 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 — Google parent company Alphabet reported earnings after the bell Tuesday. — Here's how the company did, compared with estimates from analysts polled by LSEG:| Jennifer Elias / CNBC: |
Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo — Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion.
More: TechCrunch, Tech Monitor, The Last Driver License Holder, Benzinga, Shacknews, The National, and The Robot Report
Forums: r/sanfrancisco, r/technology, r/waymo, and r/MVIS
| Simon Sharwood / The Register: |
CrowdStrike says the problematic July 19 software update that affected 8.5M Windows devices was deployed into production due to “a bug in the Content Validator” — CrowdStrike has blamed a bug in its own test software for the mass-crash-event it caused last week.
More: CrowdStrike, The Verge, Engadget, Bloomberg, The Cyber Express, Financial Times, and Cyber Daily
Mastodon: @david_whitney@mastodon.social. X: @cyb3rops, @patrickwardle, @rosyna, @niallm, @gossithedog, @gossithedog, @gossithedog, @gossithedog, @gossithedog, @kevincollier, @0xtib3rius, @shumayl_, @mikeyearworth, @brody_n77, @jamestitcomb, @arekfurt, @dcuthbert, @_johnhammond, @lukolejnik, and @dennismald
| 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 — Would she bring continuity with Joe Biden's policies? A more centrist vibe? A sharper progressive bite?| 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 precisely how much he is donating — Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created …
More: BBC, The Hill, Semafor, Cybernews.com, The Guardian, New York Times, and Fortune
Threads: @lorakolodny, @karaswisher, @martinsfp, and @kbode
X: @elonmusk, @levie, @tomgara, @internethippo, @teddyschleifer, @elonmusk, @faizsays, @jason_kint, @teddyschleifer, @juddlegum, @elonmusk, @pitdesi, @yashar, @teddyschleifer, and @stuartpstevens
Forums: r/The_Mueller, r/Fauxmoi, r/TheAllinPodcasts, r/inthenews, r/the_everything_bubble, r/politics, r/uspolitics, r/DecodingTheGurus, r/MarchAgainstNazis, r/Fuckthealtright, r/AntiTrumpAlliance, r/Kamala, r/KamalaHarris, r/thedavidpakmanshow, r/Conservative, r/EnoughMuskSpam, r/VaushV, r/conspiracy, r/behindthebastards, r/conspiracy_commons, r/AnythingGoesNews, r/RealTesla, r/NewsOfTheStupid, r/LeopardsAteMyFace, r/TrumpIsPoor, and r/facepalm
| 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 — In the early days of high-performance computing, the major tech companies of the day each invested heavily in developing their own closed source versions of Unix.
More: The Register, Dexerto, Tim Kellogg, Business Insider, AI News, AI Accelerator Institute, Ben's Bites, PhoneArena, Pocket-lint, MSPoweruser, Tech Funding News, New York Times, The Stack, Social Media Today, MySmartPrice, Cointelegraph, Decrypt, The Rundown AI, The Daily Upside, and Spyglass
Threads: @parkert, @carnage4life, @carnage4life, @lessin, and @moskov
Mastodon: @simon@fedi.simonwillison.net and @zacchiro@mastodon.xyz
X: @maximelabonne, @ai_katana, @simonw, @tregraves_, @aravsrinivas, @bgurley, @teknium1, @ylecun, @lior_eth, @jack, @stanbaugh, @datadelaurier, @balajis, @justin_trugman, @kevinbankston, @erikvoorhees, and @paulg
Forums: Hacker News, r/singularity, r/LocalLLaMA, and Slashdot
| Benj Edwards / Ars Technica: |
More: Silicon Republic, Metaverse Post, WinBuzzer, Dataconomy, AIM, and VentureBeat
Mastodon: @pchestek@fosstodon.org. X: @sundeep, @gabrielmbmb_, @kevinsxu, @ralphbrooks, @gfodor, @cocktailpeanut, and @simonw. Forums: Ars OpenForum
| Bloomberg: |
More: Meta, Android Authority, The Verge, Meta, Stratechery, Benzinga, AIM, Dataconomy, The Rundown AI, TechCrunch, MSPoweruser, Simon Willison's Weblog, TechCrunch, VentureBeat, Hugging Face, PhoneArena, The Indian Express, CGTN, The Cloudflare Blog, Gizchina.com, CNBC, MarkTechPost, WhatsApp Blog, Washington Post, Platformer, GitHub, The Information, Bloomberg Originals on YouTube, Wired, Constellation Research, Bloomberg, Axios, and Engadget
Threads: @zuck, @timothybucksf, @crumbler, @benedictevans, @daveleebbg, @yannlecun, and @brandonlive. Instagram: Mark Zuckerberg
X: @deanwball, @aiatmeta, @karpathy, @thejackobrien, @soumithchintala, @neil_chilson, @corbtt, @marouane53, @natolambert, @emollick, @pwendell, @keunwoochoi, @amuldotexe, @basedbeffjezos, @teortaxestex, @aravsrinivas, @elonmusk, @andrewyng, @emollick, @minchoi, @ramaswmysridhar, @hingeloss, @ahmad_al_dahle, @ylecun, @skirano, @matthewberman, @togethercompute, @alphasignalai, @hingeloss, @emollick, @thom_wolf, @astonzhangaz, @tobi, @garymarcus, @mascobot, @bbgoriginals, @_akhaliq, @aiatmeta, and @metanewsroom
Forums: r/technology and r/mlscaling
| Giulio Piovaccari / Reuters: |
Ferrari plans to accept crypto payments for its cars at European dealers from the start of August, and internationally by the end of 2024, expanding on the US — Ferrari (RACE.MI) said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars …
More: The Block, CoinDesk, Ferrari, The Crypto Times, CryptoSlate, Watcher Guru, CoinJournal, Bitcoin Insider, crypto.news, CoinGape, and Cryptonews
Forums: r/CryptoCurrency and r/ethtrader
| 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 — - $23 billion offer for Wiz collapsed weeks after HubSpot deal — Regulatory concerns have cratered high-profile tech purchases
More: Wall Street Journal, Dataconomy, Runtime, and Finance Magnates
X: @mhbergen, @mhbergen, @lynnmdoan, and @danprimack
| 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 — Apple is working on a foldable iPhone that could be released as early as 2026 and in recent months reached out to suppliers …
More: Dexerto, 9to5Mac, MacRumors, Financial Express, MacRumors, Tom's Guide, What Hi-Fi?, T3, TechRadar, O'Grady's PowerPage, BGR, Mobile Industry Review, Gizchina.com, Lowyat.NET, Cult of Mac, Wccftech, TechIssuesToday.com, iThinkDifferent, Trusted Reviews, Appleosophy, SamMobile, Business Today, Al Bawaba, Neowin, The Age, The Shortcut, iMore, Patently Apple, and Forbes
X: @abebrown716 and @waynema
Forums: r/wallstreetbets, Slashdot, and MacRumors Forums
| 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 — - Trading volume still trailed amount posted by Bitcoin ETFs — Debuts for two of the funds rank among some of the best ever
More: Decrypt, Unchained, Protos, Wu Blockchain, Cryptonews, The Crypto Times, Cryptopolitan, and The Block
| 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 — The Kids Online Safety Act would force tech companies to enable the highest possible privacy settings for minor users …
More: NBC News, The Hill, Axios, Associated Press, The Verge, Washington Times, Politico, New York Post, Punchbowl News, and StartupNews.fyi
| 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 — X (fka Twitter) has quietly redesigned its 🔫 Water Pistol emoji to display as a firearm. This diverges from the cross-platform conversion …
More: AppleInsider, The Verge, TechIssuesToday.com, Android Police, and iPhone in Canada Blog
Threads: @mattnavarra. X: @yacinemtb, @yacinemtb, @xsphi, @emojipedia, and @emojipedia. Forums: r/Twitter
| 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 — Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company's internal forum … | 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 — Sequoia Capital led the financing, which the company said it would use in part to accelerate work in artificial intelligence.| 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 — Twitch has introduced new policy and moderation updates that aim to help curb sexual harassment.| Paul Sawers / TechCrunch: |
The Overture Maps Foundation, backed by Microsoft, Amazon, Meta, and others, releases four global open maps datasets; transportation remains in beta — It's not often you'll find Microsoft, Amazon, and Meta in the same room collaborating toward the same goals.| Jillian Ambrose / The Guardian: |
Irish government data: data centers in Ireland used 21% of its electricity in 2023, up 20% YoY, more than the 18% of electricity used by all urban homes — Statistics raise concerns that rise in demand for data processing driven by AI could derail climate targets
More: RTÉ, DatacenterDynamics, and Silicon Republic
Mastodon: @jbond@mastodon.social and @ChrisMayLA6@zirk.us
X: @xvrmdf, @sean_fearon, @marxculture, @tggleeson, and @jp_biz
Forums: Hacker News, r/collapse, r/Futurology, r/ireland, and r/irishpolitics
| 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 — Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans …
More: South China Morning Post
| 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 — Mytra has been quietly operating behind the scenes since its May 2022 founding in a bid to rethink warehouse automation.| 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 — - Los Angeles-based startup backed by Craft Ventures, Left Lane — Pearl is valued at $400 million in fresh financing deal
More: TechCrunch
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