| Apple Inc.: |
| 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: |
| 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 10% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees … | Dean Takahashi / VentureBeat: |
| 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 … | 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 … | 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.| 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 … | 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.| 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.| 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.| 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 — The AI assistant company is blaming everything but its own security practices for a June security breach.| 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.| Kate Conger / New York Times: |
Don Lemon sues Elon Musk and X, arguing Musk refused to pay him after a $1.5M/year exclusive X content deal fell apart; Lemon did not sign a formal contract — The former CNN reporter said in a lawsuit that X had refused to pay him after a testy interview with its billionaire owner.| 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 … | 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.| 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.| 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. — - Daily users jumped 21% in second quarter from a year ago — CFO Michael Guthrie stepping down to pursue personal interests| Granth Vanaik / Reuters: |
DoorDash reports Q2 revenue up 23% YoY to $2.63B vs. $2.54B est., total orders up 19% YoY to $635M, and forecasts Q3 adjusted EBITDA above expectations — DoorDash (DASH.O) forecast third-quarter core profit above expectations and surpassed revenue estimates for the June quarter on Thursday … | Andrew Romero / 9to5Google: |
Telegram rolls out a Mini App Store to help users find apps, a new in-app browser that supports multiple tabs, and says mini apps have 500M+ out of 950M 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.| Sam Sabin / Axios: |
The CISA names Lisa Einstein as its first chief AI officer; Einstein has been a senior AI adviser at the agency since 2023 and helped craft CISA's AI roadmap — - She had been a senior adviser at the agency since last year, focused on AI issues — she helped craft CISA's AI roadmap … | Lucas Manfredi / The Wrap: |
Roku reports Q2 revenue up 14% YoY to $968.2M vs. $935.3M estimated, a net loss of $33.95M vs. $107.6M in Q2 2023, and 83.6M streaming households, up 2M from Q1 — Shares rose over 6% in after-hours trading as the company posted a smaller than expected loss of 24 cents per share and better than expected revenue of $968 million| MacKenzie Sigalos / CNBC: |
Block reports Q2 revenue up 11% YoY to $6.16B, vs. $6.28B est., Square profit up 15% to $923M, Cash App profit up 23% to $1.3B, and raises its FY 2024 guidance — Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.
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| Bloomberg: |
| Tom Warren / The Verge: |