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July 31, 2024, 1:40 AM
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memeorandum
WeSmirchTop News
| Microsoft: |
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 …
More: Yahoo Finance, Fast Company, Windows Central, Quartz, Windows Central, Axios, and Neowin
Mastodon: @GossiTheDog@cyberplace.social. X: @benbajarin, @ashtom, @jaminball, @munster_gene, @modestproposal1, @jaminball, @ericjackson, @munster_gene, @ericjhonsa, @stephanie_link, @thetranscript_, and @munster_gene. LinkedIn: Emil Protalinski. Forums: Hacker News
| Jordan Novet / CNBC: |
Microsoft Q4: Intelligent Cloud revenue up 19% YoY to $28.52B, vs. $28.68B est., including Azure and other cloud services up 29% YoY; MSFT drops ~3% after hours — Microsoft shares fell 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue … | Tom Warren / The Verge: |
More: Thurrott, TheGamer, Game World Observer, and SiliconANGLE
| Lauren Feiner / The Verge: |
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 — The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) …
More: Electronic Frontier Foundation, New York Times, New York Times, Platformer, Courier-Journal, Washington Post, SiliconANGLE, Associated Press, NBC News, ACLU, The Hill, Reuters, Quartz, The Record, TechCrunch, The Information, VentureBeat, Tech Xplore, New York Post, Axios, Bloomberg Law, NBC News, and Quartz
Threads: @crumbler. X: @tracethelaw, @marshablackburn, @judiciarydems, @senblumenthal, @parismartineau, @senblumenthal, @eff, @senatorshoshana, @vp, @marshablackburn, @randpaul, @senschumer, @frankthorp, and @marshablackburn
LinkedIn: Dr. Ashwin Vasan, Lennon Torres, and Hari Ravichandran
Forums: r/privacy, r/centrist, and r/technology
| Kif Leswing / CNBC: |
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 … | Sean Hollister / The Verge: |
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 — AMD just announced its second quarter 2024 earnings today, and the highlight was this: nearly half the company's sales are now data center products … | Maxwell Zeff / TechCrunch: |
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May, to ChatGPT Plus users — OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.
More: CNN, Business Today, Android Authority, TechRadar, CNET, MacRumors, MIT Technology Review, VentureBeat, The Crypto Times, Quartz, Forbes, Inc.com, CoinGape, The Decoder, How-To Geek, The Verge, Axios, Android Headlines, ZDNET, PYMNTS.com, Tom's Guide, Bloomberg, and PCMag
X: @openai, @openai, @openai, and @rachelmetz
| Bloomberg: |
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
More: Reuters, SiliconANGLE, NewsBytes, Oregonian, CRN, Willamette Week, and Portland Business Journal
X: @pkedrosky, @pkedrosky, @mackhawk, and @pkedrosky
Forums: r/technology, r/anime_titties, r/wallstreetbets, r/StockMarket, and r/hardware
| Kate Gibson / CBS News: |
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 — Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform …
More: U.S. Consumer Product …, CNBC, Reuters, CNN, The Verge, Tom's Guide, PCMag, The Register, The Hill, GeekWire, SlashGear, Engadget, The Information, Fortune, and CNET
| Reuters: |
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial recognition tech to collect biometric data of millions of Texans without consent — Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent …
More: Texas Attorney General, Ars Technica, The Texas Tribune, CNBC, Associated Press, The Hacker News, NTD, UPI, McKool Smith, The Boston Globe, Cryptopolitan, Courthouse News Service, Blaze Media, News.ng, Agence France-Presse, USA Today, InformationWeek, Pocket-lint, SiliconANGLE, The Cyber Express, Fast Company, Benzinga, Axios, PCMag, PYMNTS.com, The Register, The Daily Caller, Engadget, Tech Policy Press, Invezz, The Federalist, TechCrunch, Financial Express, The Hill, The Verge, Politico, KTAR.com, Quartz, Bloomberg Law, and Keller Postman LLC
X: @kenpaxtontx, @txag, @swiftstories, @jason_kint, @jason_kint, and @jason_kint. Forums: Hacker News
| Akash Sriram / Reuters: |
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 — California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid …
More: Avalanche, CoinDesk, CryptoSlate, Quartz, NFTgators, crypto.news, CoinGape, The Daily Hodl, and Cointelegraph
Threads: @gwestr. X: @avax, @bondjanebond, @kevinsekniqi, @jacqmelinek, @smyyguy, @john1wu, and @avalabs
Forums: Hacker News, r/California, and r/Hedera
| Boone Ashworth / Wired: |
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.
More: 404 Media, TechCrunch, Friend on YouTube, The Verge, Friend, The Information, Gizmodo, TheDomains.com, Tom's Guide, CNET, iPhone in Canada Blog, Fast Company, Android Authority, GovTech, AppleInsider, and The Independent
Mastodon: @jalefkowit@vmst.io, @jeffjarvis@mastodon.social, and @matt@isfeeling.social
X: @avischiffmann, @michaelmiraflor, @nikitabier, @thestalwart, @yacinemtb, @deliprao, @evisdrenova, @carnage4life, @emollick, @loomdart, @nlevin, @pitdesi, @oyhsu, @willbrownai, @mkbhd, @dinvesting, @major_katsuragi, @reambraden, @walterkirn, @avischiffmann, @suhail, @peer_rich, @chronotope, @mkbhd, @nic__carter, @keatoninglis, @nic__carter, @jsngr, @thegarrettscott, @avischiffmann, @louisanslow, @avischiffmann, @daniel__designs, @binarybits, @josephfcox, @kylebrussell, @aravsrinivas, @kennethnym, @avischiffmann, @maryarchived, @pronounced_kyle, @thomasschulzz, and @blader
LinkedIn: Avi Schiffmann and Magdalena Sawicka
Forums: r/privacy, r/redscarepod, r/aiwars, r/artificial, and r/agi
| Lawrence Abrams / BleepingComputer: |
Zscaler ThreatLabz and Chainalysis say ransomware group Dark Angels received a payment worth ~$75M in early 2024, the largest known ransomware payment to date — A Fortune 50 company paid a record-breaking $75 million ransom payment to the Dark Angels ransomware gang, according to a report by Zscaler ThreatLabz.
More: EdScoop, Security Boulevard, TechRepublic, Hackread, KnowBe4 Security …, and PCMag
| Alex Heath / The Verge: |
After users reported Meta's AI assistant incorrectly claimed the attempted assassination of Trump didn't happen, Meta blames hallucinations for the response — Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen …
More: Moneycontrol, Meta, Truth Social, Hindustan Times, and New York Post
Threads: @hankgreen and @kolchak
X: @pranavdixit, @alexeheath, and @davidclinchnews
| Wall Street Journal: |
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 — Tensions over the division of labor with Musk have stymied some of Yaccarino's initiatives — X Corp. Chief Executive Linda …
More: Benzinga. Threads: @alexa.corse, @alexa.corse, and @karaswisher. X: @barbariancap. LinkedIn: Momo J.
| Jordan Fragen / VentureBeat: |
EA reports Q1 net bookings down 20% YoY to $1.26B, above expectations, revenue down 14% YoY to $1.66B, and net income down 30% YoY to 280M — Electronic Arts has announced its financial results for the first quarter quarter of FY25. The game publisher's $1.262 billion … | Mat Di Salvo / Decrypt: |
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 — The United States Securities and Exchange Commission (SEC) has hit the founder of decentralized social network BitClout with fraud charges … | The Information: |
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 — Meta Platforms has scrapped its first high-profile foray into consumer artificial intelligence—chatbots played by celebrities …
More: The Verge. Threads: @xzed87 and @daveleebbg
X: @amir, @kyurieff, @bradybrendan1, @brettdash_, @ttp_updates, @rachelmetz, @walthickey, and @tim_bays
| Kylie Robison / The Verge: |
Perplexity is launching a program to share ad revenue with partners such as Time, Der Spiegel, Fortune, and WordPress.com, after weeks of plagiarism accusations — Perplexity is launching a program to share ad revenue with publishing partners following weeks of plagiarism accusations.
More: Perplexity AI, Ars Technica, Semafor, TechCrunch, CNBC, The Drum, WordPress.com News, SiliconANGLE, The Atlantic, Maginative, Tech Startups, The Decoder, Invezz, Nieman Lab, Search Engine Land, CNBC Television on YouTube, Press Gazette, VentureBeat, San Francisco Chronicle, Digiday, Engadget, and Bloomberg
Threads: @eshumarneedi. X: @laurahazardowen, @aravsrinivas, @pranavdixit, @perplexity_ai, @dmitry140, @kyliebytes, @automattic, and @dlberes
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