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August 1, 2024, 9:05 PM
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| Apple Inc.: |
Apple reports Q3 revenue up 5% YoY to $85.8B, net income up 8% to $21.4B, Americas net sales up 6% to $37.7B, and Europe net sales up 8% to $21.9B — June quarter records for Revenue and EPS Services revenue reaches new all-time high — Apple® today announced financial results …
More: New York Times, The Guardian, Reuters, Associated Press, SiliconANGLE, The Wrap, MarketWatch, Business Insider, BGR, Cult of Mac, Shacknews, and Wccftech
| Kif Leswing / CNBC: |
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B — Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations, with overall revenue rising 5%.
More: PYMNTS.com, 9to5Mac, MacRumors, MacRumors, Ars Technica, 9to5Mac, TechCrunch, The Information, Macworld, The Verge, Wall Street Journal, 9to5Mac, Bloomberg, Wccftech, iThinkDifferent, Neowin, Spyglass, Constellation Research, Yahoo Finance, The Apple Post, and Six Colors
Threads: @dcurtis and @moonandmidnightthe_cats
X: @pkedrosky, @greengart, @neilcybart, @reuters, @munster_gene, @munster_gene, @benbajarin, @sarthakgh, @9to5mac, and @divestech
LinkedIn: Kif Leswing and Emil Protalinski
Forums: r/apple and MacRumors Forums
| Dean Takahashi / VentureBeat: |
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024 — Intel announced that it will lay off 15% of its workforce as part of a broad cost-reduction program.
More: Intel, The Verge, TechCrunch, Intel, The Register, Tom's Hardware, Washington Post, AnandTech, CRN, Phoenix Business Journal, Engadget, Silicon Valley Business …, PCMag, Mercury News, CTech, Axios, PCWorld, Benzinga, Reuters, VideoCardz.com, Bloomberg, New York Daily News, Irish Examiner, RTÉ, WSYX, and PetaPixel
Threads: @carnage4life. X: @ryansmithat, @ryansmithat, @durvidimel, and @sarahfrier. Forums: r/Portland
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 17%+ after hours — Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees …
More: Australian Financial Review, Yahoo Finance, Investor's Business Daily, New York Times, Financial Times, Business Insider, Wall Street Journal, CTV News, Originally Reported …, 9News, Shacknews, Constellation Research, TipRanks Financial, Intel, and Notebookcheck
X: @carnage4life, @anshelsag, @durvidimel, @tomwarren, @markhachman, @ldignan, @mikeisaac, @thestalwart, @mackhawk, and @nicholasabrown_
Forums: Hacker News, r/hardware, and r/intel
| Amazon.com, Inc.: |
Amazon reports Q2 revenue up 10% YoY to $148B, a $13.5B net income, vs. $6.7B YoY, $14.7B operating income, vs. $7.7B YoY, subscription sales up 10% to $10.9B — Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024.| Jordan Novet / CNBC: |
In its annual report, Microsoft adds OpenAI as a competitor in AI offerings and search and news advertising; OpenAI unveiled its prototype SearchGPT last week — Microsoft's relationship with OpenAI has officially become more complicated. — On Tuesday, Microsoft added …
More: TechCrunch, PYMNTS.com, ZDNET, The Register, U.S. Securities and Exchange Commission, Wall Street Journal, and Dexerto
Forums: Hacker News, r/microsoft, and Slashdot
| Chance Miller / 9to5Mac: |
Apple files a motion to dismiss the US DOJ's antitrust lawsuit, arguing the lawsuit has not demonstrated anticompetitive conduct and would harm innovation — Apple has officially filed a motion to dismiss the Department of Justice's antitrust lawsuit filed in May. Apple argues the case … | Ivan Mehta / TechCrunch: |
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US — Google Thursday said that it is introducing new Gemini-powered features for Chrome's desktop version, including Lens for desktop …
More: The Keyword, Google Chrome on YouTube, The Verge, 9to5Google, Laptop Mag, Social Media Today, Android Police, The Verge, AppleInsider, Cult of Mac, iDownloadBlog.com, Android Central, MacRumors, Macworld, How-To Geek, PCWorld, Trusted Reviews, iClarified, SiliconANGLE, Engadget, Chrome Unboxed, iPhone in Canada Blog, ZDNET, Tom's Guide, and Search Engine Journal
| Bill Peters / MarketWatch: |
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations — Stock is still up this year, as investors digest the prospect of easing regulations — Coinbase Global Inc. on Thursday reported … | Zac Hall / 9to5Mac: |
The Twitter for Mac app appears to have been delisted from the App Store; some users say their X accounts were suspended after using the X for iPad app on macOS — As noted by Vedant, the official Twitter for Mac app is currently missing from the Mac App Store.
More: TechCrunch, Macworld, iMore, Spyglass, Trusted Reviews, iPhone in Canada Blog, PCMag, AppleInsider, and Mashable
| Bill Donahue / Billboard: |
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying their use of proprietary music to train AI is fair use — In their first responses to the sweeping copyright lawsuits that could define AI music, lawyers for Suno and Udio don't exactly hold back.
More: Suno, TorrentFreak, Engadget, 404 Media, TechCrunch, Reuters, Axios, Rolling Stone, Deadline, CMU, and Bloomberg
Bluesky: @andimann.bsky.social. X: @mikeyshulman, @riaa, @suno_ai_, @jason_koebler, @ednewtonrex, @robertfreundlaw, @tprstly, and @riaa
| Josh Sisco / Politico: |
Sources: the US DOJ is investigating Nvidia's acquisition of Israeli AI infrastructure orchestration and management service Run:ai on antitrust grounds — The investigation adds to the global pressure by regulators to prevent control of artificial intelligence by just a handful of the world's largest technology companies.
More: The Information, Financial Times, Reuters, iTnews, nationalinterest.org, and Asia Financial. X: @joshua_sisco
| Jason Koebler / 404 Media: |
Rabbit says a June security breach was caused by an employee who leaked API keys and has since been terminated, and it has revoked and rotated those API keys — AI personal assistant device company Rabbit said this week that a June hack of its systems was an “isolated incident [that] … | Akash Sriram / Reuters: |
Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 revenue below expectations; SNAP drops 15%+ after hours — Snap (SNAP.N) forecast current-quarter sales and adjusted core earnings below market expectations on Thursday as the Snapchat owner grapples … | MK Manoylov / The Block: |
Morpho, a decentralized lending developer, raised $50M led by Ribbit Capital, after raising an undisclosed sum earlier in 2024, and $18M in 2022 — - The venture firm Ribbit Capital led a $50 million funding round for the decentralized lending developer Morpho Labs.
More: Morpho, CoinDesk, Cryptonews, Cointelegraph, and crypto.news
| Paul Alcorn / Tom's Hardware: |
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues — Trying to build goodwill. — Intel told us today that it will extend the warranty on its boxed Intel Core 13th- and 14th-Gen processors by two additional years.
More: The Verge, PCMag, PC Gamer, Digital Trends, and ZDNET
| CyberScoop: |
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia — The U.S. government has released at least two Russian nationals behind some of the most notorious cybercrimes of the past decade.
More: Ars Technica, Krebs on Security, NBC News, The Record, CNBC, New York Post, BusinessLIVE, The Cyber Express, Washington Post, Nextgov/FCW, SecurityWeek, and Los Angeles Times
X: @emptywheel and @eamonjavers
Forums: r/cybersecurity, r/law, r/13KeysToTheWhiteHouse, r/inthenews, and Slashdot
| 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 in 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.
More: Venu Sports, Bloomberg, Reuters, Associated Press, CNBC, NBC News, Android Authority, The Streamable, Business Insider, New York Post, Tom's Guide, TechHive, How-To Geek, Droid Life, AFTVnews, PCMag, 9to5Mac, Engadget, Android Headlines, Spyglass, iClarified, CNET, USA Today, Digital Trends, StreamTV Insider, Quartz, The Verge, The Hollywood Reporter, and Deadline
X: @pkafka, @mgsiegler, @sherman4949, @lucas_shaw, @pkafka, and @richlightshed. Forums: r/television
| 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: Windows Central, TechCrunch, Techstrong.ai, VentureBeat, Maginative, PetaPixel, The Decoder, and Engadget
X: @sama, @jeffladish, @kelseytuoc, and @basedbeffjezos
| 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.| Yuvraj Malik / Reuters: |
Cloudflare reports Q2 revenue up 30% YoY to $401M, vs. $394.7M est., and raises its full-year 2024 forecast; NET jumps 10%+ after hours — Software company Cloudflare (NET.N) raised its annual revenue and profit forecast on Thursday after a strong quarter, sending its shares up 9% in post-market trading.
More: Investor's Business Daily, Bloomberg, Benzinga, MarketWatch, and Cloudflare, Inc.
| Alex Heath / The Verge: |
On Meta's earnings call, Mark Zuckerberg said Llama 4 will need almost 10x more compute to train than Llama 3.1, Quest 3 sales exceeded expectations, and more — Meta's second quarter earnings continue the same story from the previous quarter: generative AI may be here, but it's going to take a long time to make money.
More: Meta Investor Relations, The Register, TechCrunch, Observer, CNBC, The Decoder, AI News, Fortune, Neowin, Investopedia, UploadVR, Android Central, and Associated Press
Threads: @vocino, @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
| David Shepardson / Reuters: |
A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge — A U.S. appeals court on Thursday blocked the Federal Communications Commission's reinstatement of landmark net neutrality rules …
More: The Verge, Reuters, Fast Company, Cord Cutters News, Bloomberg Law, Broadband Breakfast, and Telecompetitor. Threads: @newsguyusa
| Natasha Lomas / TechCrunch: |
The EU's AI Act takes effect, triggering staggered compliance deadlines for various 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: CNBC, Android Headlines, Channel Futures, Crowdfund Insider, Associated Press, Quartz, Cryptopolitan, Silicon Republic, European Commission, TechRepublic, Cautious Optimism, Centre for Emerging Technology …, Euronews, and Euractiv
X: @vonderleyen, @turinginst, @eu_commission, and @eu_commission
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