| Alex Heath / The Verge: |
After users reported that Meta's AI assistant incorrectly claimed the attempted assassination of Donald Trump did not happen, Meta blames hallucinations — Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen … | The Information: |
| 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 … | Jordan Novet / CNBC: |
| Tom Warren / The Verge: |
| 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| 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 … | 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) … | Sheila Chiang / CNBC: |
Samsung reports Q2 revenue up 23.42% YoY to ~$53.45B, vs. ~$53.3B est., and operating profit up 1,458% YoY to ~$7.5B, as AI memory chip demand remains strong — Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand … | Maxwell Zeff / TechCrunch: |
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May 2024, to ChatGPT Plus — OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.| Jonathan Greig / The Record: |
An IBM and Ponemon study of 604 organizations affected by data breaches between March 2023 and February 2024 finds the global average cost rose 10% YoY to $4.9M — Businesses that fall victim to a data breach can expect a financial hit of nearly $5 million on average … | 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.| 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 … | 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 … | 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.| 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 … | Andrew Liszewski / The Verge: |
Nothing unveils the Phone 2A Plus, offering the same 6.7-inch display as the 2A and a new MediaTek Dimensity 7350 Pro 5G SoC, available for $399 on August 7 — Plus is often used in smartphone naming to delineate a larger model with a bigger screen, but that's not the case here.| Karen Freifeld / Reuters: |
Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands — The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor … | Salvador Rodriguez / Wall Street Journal: |
An investigation finds 450+ illicit drug ads on Facebook and Instagram from March to June 2024, some showing bottles or bricks of cocaine; Meta removed the ads — Instagram and Facebook, already under federal investigation, continue to run ads for illegal drugs, including ads showing piles of pills and bricks of cocaine| New York Times: |
Chinese regulators propose taking over online identity verification from companies to give people a single internet ID, citing privacy and online fraud — The government said the proposal would protect online privacy. Critics said it could further concentrate government control over the internet.| Chris Kay / Financial Times: |
An airline industry group executive says India doubled the use of digital biometric systems in airports to 28 in June, covering ~90% of sky-bound travel volumes — Digital initiative chief claims technology can halve queueing times and pledges transparency on personal data
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| Bloomberg: |