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July 24, 2024, 1:10 PM
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Top News

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 how much he is donating  —  Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created …
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  —  “Open source AI is the path forward,” says Mark Zuckerberg, misusing the term.  —  In the AI world, there's a buzz in the air …
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”  —  CrowdStrike has blamed a bug in its own test software for the mass-crash-event it caused last week.
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  —  Ferrari (RACE.MI) said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars …
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
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.
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
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
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  —  - Advocacy group reports women partners are part of more firms  — All Raise CEO says progress at risk from diversity criticisms
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  —  Google is bringing a handful of new features to its Google Play store on Android today.
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  —  Airtable's new Cobuilder product puts AI-generated apps in every worker's hands — and has the $11.7 billion-valued startup back eyeing an IPO following painful job cuts.
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  —  Statistics raise concerns that rise in demand for data processing driven by AI could derail climate targets
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 …
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

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This is a Techmeme archive page. It shows how the site appeared at 1:10 PM ET, July 24, 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

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Rebecca Rubin / Variety:
Disney crosses the $6B milestone at the box office for the first time since the COVID-19 pandemic; no other studio has managed to reach $6B since 2015

More News

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
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

Earlier Picks

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
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
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
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”
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