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August 1, 2024, 9:05 AM
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Meta reports Q2 revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, and family daily active people up 7% to 3.27B on average for June 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: Tech Monitor, UploadVR, Investing.com, WinBuzzer, Coinspeaker, Silicon Republic, Al Jazeera, SiliconANGLE, Shacknews, Quartz, The Wrap, The Hollywood Reporter, Constellation Research, Wall Street Journal, Yahoo Finance, CNBC, Cointelegraph, and Deadline
Threads: @jonathan_vanian_1, @supremebagholder, @kurtwag8, @karissabe, and @supremebagholder
X: @supbagholder, @stockmktnewz, @firstadopter, @tidefallcapital, @ldignan, @munster_gene, @munster_gene, @firstadopter, @munster_gene, @edludlow, @munster_gene, @chrisfralic, @munster_gene, @joecarlsonshow, @mikeisaac, @rihardjarc, @altcap, @munster_gene, and @munster_gene. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Jonathan Vanian / CNBC: |
More: Game Developer, MIXED Reality News, COINTURK NEWS, Yahoo Finance, Shacknews, and Variety
Threads: @daveleebbg. X: @rjcaster, @yasminkhorram, @ballmatthew, @levynews, @munster_gene, @benz145, and @rebrand_as_y
LinkedIn: Matt Mickelson and Rafael Brown
Forums: r/technology, r/technews, and Slashdot
| Alex Heath / The Verge: |
More: TechCrunch, CNBC, Investopedia, ComputerWeekly.com, Yahoo Finance, The Register, PYMNTS.com, Benzinga, Android Central, and Associated Press
Threads: @mostly.borrowed.ideas, @karelbaloun, @karissabe, and @alexheath
X: @jimcramer, @alexeheath, @bluechipdaily, @the_ai_investor, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg. Forums: r/technology
| Andrew Romero / 9to5Google: |
Telegram rolls out a Mini App Store to help users find new apps, updates the in-app browser to support multiple tabs, and says its mini apps have 500M MAUs — Telegram is refining the in-app expereince, adding a new way to interact with the browser and a Mini App Store for native applications.
More: Telegram, Coinspeaker, Sam Lover, CoinJournal, The Crypto Times, The Block, PhoneArena, and Cointelegraph
| Alex Heath / The Verge: |
Reddit CEO Steve Huffman says Microsoft, Anthropic, and Perplexity need to pay to scrape Reddit's data, and blocking them has been “a real pain in the ass” — After striking deals with Google and OpenAI, Reddit CEO Steve Huffman is calling on Microsoft and others to pay if they want to continue scraping the site's data.
More: Engadget, Livemint, Ars Technica, WinBuzzer, Android Headlines, Bloomberg, Windows Central, and Neowin
Forums: r/OpenAI, r/technology, and Ars OpenForum
| CNBC: |
Delta Air Lines CEO Ed Bastian says the CrowdStrike-caused outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages — WATCH NOW — Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.
More: BBC, CNBC, Reuters, Inc.com, International Business Times, ITPro, Silicon Republic, Bloomberg, Cyber Daily, CRN, CIO Dive, Associated Press, The Hill, The Information, Quartz, NPR, New York Post, CRN, San Francisco Business Times, NBC News, PYMNTS.com, Wall Street Journal, Windows Central, MSPoweruser, and Financial Times
X: @david_slotnick, @morningbrew, @kpottermn, @kpottermn, @kpottermn, @malwarejake, @0xtib3rius, @carnage4life, and @carnage4life. LinkedIn: Jacob Williams. Forums: r/wallstreetbets
| Wesley Yin-Poole / IGN: |
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
More: Bungie.net, The Verge, Forbes, Kotaku, PlayStation LifeStyle, Kotaku, TechRadar, Windows Central, Game World Observer, Seattle Business Journal, Gameranx, Dexerto, GamingBolt, Press Start, Android Headlines, Stevivor, Push Square, Engadget, PC Games Insider, Eurogamer.net, VG Charts, VG247, Game Informer, Hardcore Gamer, Metro.co.uk, Los Angeles Times, GamesRadar, GamesRadar, The Wrap, TechCrunch, Neowin, Game Rant, Pocket-lint, GamingBolt, VentureBeat, Aftermath, Rock, Paper, Shotgun, Polygon, GeekWire, PC Gamer, Wccftech, TechRaptor, XboxEra, Variety, Game Developer, Destructoid, The Hollywood Reporter, Digital Trends, Pure Xbox, GamesIndustry.biz, Dot Esports, GameSpot, Video Games Chronicle, and Kotaku
X: @jasonschreier, @d2cbro, @bungie, @griffinwb, @a_dmg04, @transientgamers, @the_ragespy, @nadiaudio, @fishprison, @mynameisbyf, @dirtyeffinhippy, @hazelmonforton, @niftybiiscuit, @dirtyeffinhippy, @mangalawyer, @vahn16, @alex_frostwolf, @genepark, @ne0mega, @kperng, @thereallexuzi, and @amberillig. Forums: r/pcgaming
| Jonathan Kemper / The Decoder: |
Google unveils updates to its Gemma family of open models, including Gemma 2 2B, which it claims surpasses GPT-3.5 and Mixtral 8x7B on the LMSYS Chatbot Arena — Google has unveiled updates to its Gemma 2 family of open-source language models, focusing on improved performance, safety, and transparency.
More: Google Developers Blog, TechCrunch, VentureBeat, WinBuzzer, The Indian Express, The Rundown AI, SiliconANGLE, MarkTechPost, Hugging Face, Maginative, NewsBytes, AIM, and TNW
X: @lmsysorg, @googledeepmind, @reach_vb, @googledeepmind, @gblazex, @chris_j_paxton, and @googledeepmind
LinkedIn: Wenjun Zeng and Ludovic Peran
| Ian King / Bloomberg: |
Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates — - Company says phone units will be ‘flattish’ this year — Upbeat revenue forecast had buoyed stock after earnings report
More: Barron's Online, Reuters, Nikkei Asia, Investor's Business Daily, Constellation Research, CNBC, and Benzinga
X: @benbajarin, @anshelsag, @beth_kindig, and @patrickmoorhead
| Allison Johnson / The Verge: |
Apple Intelligence in iOS 18.1 beta hands-on: meaningful Siri language understanding improvements and Siri text input is nice, but few other notable features — In iOS 18's latest developer preview, Siri gets a glow-up. Like, the whole phone actually glows around the edges when you invoke Siri.| Tom Warren / The Verge: |
Discord on Xbox adds the ability to watch friends' Discord streams whether they're sharing from a PC, mobile phone, or Xbox, rolling out over the coming weeks — Microsoft and Discord are greatly improving the integration of the communication platform into Xbox consoles.
More: Discord Blog, Xbox Wire, Windows Central, TechRadar, Insider Gaming, Shacknews, Eurogamer.net, Press Start, Video Games Chronicle, XboxEra, Game Rant, Neowin, Pure Xbox, Thurrott, PC Gamer, Gizmodo, PCMag, IGN, and Dexerto
| Tales Azzoni / Associated Press: |
The Premier League, Bundesliga, DAZN, Sky, UEFA, CONMEBOL, and others write to X CEO Linda Yaccarino demanding more action against illegal soccer content on X — Some of Europe's main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino … | Krisztian Sandor / CoinDesk: |
Tether reports a “record” $5.2B net profit in H1 2024, net operating profit of $1.3B in Q2, and $97.6B US debt holdings, more than Germany and other countries — The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
More: Tether, Unchained, Bloomberg, Cybernews.com, The Block, The Crypto Basic, Cointelegraph, Coinspeaker, NewsBTC, Blockonomi, Cryptopolitan, CryptoGlobe, Cryptonews, The Crypto Times, Bitcoin Insider, Blockworks, NFTgators, crypto.news, Protos, Decrypt, CoinJournal, Bitcoin News, Milk Road, Crowdfund Insider, CoinGape, Crypto Briefing, and Watcher Guru
| Bloomberg: |
While owning less than 1% of TSMC, the number of retail shareholders hit a new high in 2024, as locals believe TSMC's success helps Taiwan fend off China — - Chipmaker is dubbed ‘holy mountain that safeguards the nation’ — Number of retail shareholders has reached a record this year| Ian King / Bloomberg: |
Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72%, and maintains its outlook for FY 2025; ARM drops 10%+ — - Company doesn't boost outlook despite topping earnings views — CEO says weakness in certain markets is offsetting sales gains
More: Barron's Online, DatacenterDynamics, Reuters, Arm, The Register, Silicon Canals, SiliconANGLE, Proactive, CNBC, and Benzinga
| Anna Washenko / Engadget: |
US senators unveil the bipartisan NO FAKES Act, which would make individuals and companies liable for producing, hosting, or sharing unauthorized AI deepfakes — OpenAI joined several entertainment industry groups in backing the NO FAKES Act. — Today, a group of senators introduced the NO FAKES Act … | Sergiu Gatlan / BleepingComputer: |
Microsoft says that a nine-hour outage on July 30, which disrupted multiple Microsoft 365 and Azure services worldwide, was triggered by a DDoS attack — Microsoft confirmed today that a nine-hour outage on Tuesday that took down and disrupted multiple Microsoft 365 and Azure services worldwide …
More: Azure, Security Boulevard, ZDNET, The Record, GovTech, The Information, Dark Reading, SC Media, Associated Press, Daily Mail, The Sun, The Independent, The Stack, Cybersecurity Dive, Infosecurity, Channel Futures, PCMag, CRN, PCWorld, Windows Central, Forbes, The Register, Silicon Republic, TechRadar, and SecurityWeek
| Sean Lyngaas / CNN: |
A ransomware attack hits blood donation nonprofit OneBlood, which has asked over 250 hospitals in the US to activate their critical blood shortage protocols — A cyberattack has hit a blood-donation nonprofit that serves hundreds of hospitals in the southeastern US.| Shirin Ghaffary / Bloomberg: |
OpenAI tells US lawmakers that it is “dedicated” to “rigorous safety protocols at every stage of our process” and is working with the US AI Safety Institute — OpenAI, responding to questions from US lawmakers, said it's dedicated to making sure its powerful AI tools …
More: Engadget, TechCrunch, and Cybernews.com
X: @sama, @kelseytuoc, @basedbeffjezos, and @jeffladish
| Bloomberg: |
Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies that farm out IT workers exploit the US lottery system — Each year in April, the US government conducts a lottery that shapes the lives of hundreds of thousands of people — and America's future as an economic power.
X: @deedydas, @yask123, @ericfan_journo, @ericfan_journo, @ericfan_journo, and @ericfan_journo
Forums: Hacker News and r/Economics
| Cecilia D'Anastasio / Bloomberg: |
Roblox reports Q2 revenue up 31% YoY to $894M, bookings up 22% YoY to $995M, a $206M net loss, average DAUs up 21% YoY to 79.5M, projects Q3 bookings above est. — Bookings, a measure of sales, will be $1 billion to $1.03 billion in the third quarter, the company said Thursday in a statement.
More: Barron's Online, Reuters, Benzinga, and Roblox Corporation
| Natasha Lomas / TechCrunch: |
The EU's AI Act takes effect, triggering compliance deadlines for a range of AI developers and apps; most provisions will be fully applicable by mid-2026 — It's official: The European Union's risk-based regulation for applications of artificial intelligence has come into force from Thursday, August 1, 2024.
More: Finextra, CNBC, Benzinga, TechRepublic, Centre for Emerging Technology …, Euronews, and Euractiv
X: @eu_commission, @eu_commission, @vonderleyen, and @turinginst
| Brian Steinberg / Variety: |
WBD, Disney, and Fox plan to launch their joint sports streaming venture Venu for $42.99 per month initially, with a seven-day free trial, expected fall 2024 — Streaming sports on a stand-alone basis won't be cheap. … The service is expected to debut in the fall in conjunction with the start of the next NFL season.| Sankalp Phartiyal / Bloomberg: |
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes — Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy.
X: @sankalp_sp
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