Open Links In New Tab
Mobile Archives Advertise Site News Contact Editors
Techmeme
August 1, 2024, 9:15 AM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter

Top News

Meta:
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.
Jonathan Vanian / CNBC:
Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020
Alex Heath / The Verge:
On Meta's earnings call, Mark Zuckerberg said Llama 4 will likely need ~10x more compute than Llama 3.1 to train, Quest 3 sales exceeded expectations, and more
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.
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.
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.
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 …
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.
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
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.
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 …
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
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 …
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 …
Bart Meijer / Reuters:
The European Commission unconditionally approves HPE's $14B takeover of networking gear maker Juniper Networks after finding no competition concerns  —  The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks (JNPR.N) by Hewlett Packard Enterprise (HPE.N).
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.
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 …
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.
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.
Bloomberg:
A look at Baidu's experiment with driverless taxis in Wuhan, which became China's biggest proving ground for Baidu's taxis due to a relaxed regulatory approach  —  Wuhan's experiment with driverless taxis could help China lead the world on the emerging technology.  It also risks putting thousands of people out of work.

Sponsor Posts

Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work  —  Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
How EWS deprecation affects Zoho Calendar Interoperability  —  Understanding the impactMicrosoft began blocking Exchange Web Services (EWS) requests in Exchange Online (Microsoft 365) as of October 1, 2026.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser  —  Read pages, fill forms and automate tasks in Chrome or Firefox.  Use local models or your preferred AI provider.  Get started free.
Sponsor Techmeme

Featured Podcasts

Big Technology Podcast:
 AI Stockpocalypse, Anthropic Nears RSI?, Prediction Markets vs. Pollsters
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Machine Gods:
 The Purple Tsunami Against Data Centers
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
Invest Like the Best:
 Ramtin Naimi - The State of Venture
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
The Upstarts Podcast:
 How Ramp Built A $60B AI Product Factory Off A Corporate Card | Co-CEO Eric Glyman
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
 Would you let a robot do it?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Training Data:
 A Model For Everyone: How Ronak From Trajectory Is Building Products For Continual Learning
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Add your podcast here
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:15 AM ET, August 1, 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

The Wrap:
Valnet settles a defamation suit with The Wrap that sought $64.5M after a judge threw out most of the central claims of defamation based on three 2025 articles

Denise Petski / Deadline:
Amazon Prime Video sets November 20 for the premiere of “Melania, The Series”, the two-episode follow-up to Brett Ratner's “Melania” documentary

The Athletic:
Sources: SNY cancels Sportsnite and Baseball Night in New York and lays off much of its editorial staff; it keeps pregame and postgame shows for Mets and Jets

More News

Earlier Picks

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
Aaron Holmes / The Information:
Source: TikTok was paying Microsoft ~$20M/month to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue the service was generating
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter