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August 2, 2024, 2:35 PM
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Top News

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.
Jordan Novet / CNBC:
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B estimated, Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 25%+
New York Times:
The US DOJ sues TikTok, saying it collected children's data without parents' permission, knowingly let users under the age of 13 create accounts, and more  —  The Justice Department said that TikTok illegally collected children's data and knowingly allowed users under the age of 13 to create accounts.
Josh Sisco / Politico:
Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, 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.
Pei Li / Bloomberg:
Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems  —  - iPhone maker wants to close loopholes in mini-games payments  — Handling in-app purchases is a lucrative business for Apple
Asa Hiken / Ad Age:
Google pulled an Olympics TV ad where a father uses Gemini to help his daughter write a personal letter to an athlete, after criticisms that the ad is tone-deaf  —  ‘Dear Sydney’ had been criticized for appearing tone-deaf to AI concerns  —  Google has pulled an ad from its Olympics' TV rotation …
Sean Michael Kerner / VentureBeat:
Stability AI announces Stable Fast 3D, a generative AI model for rapid 3D asset generation, says it can generate a 3D asset from a single image in 0.5 seconds  —  Not all that long ago, it used to be hard, really hard to generate 3D images.  It was a process that involved complex wireframes, complicated software and beefy hardware.
Bill Toulas / BleepingComputer:
Infoblox and Eclypsium: since 2018, Russian hackers hijacked 35K+ registered domains using Sitting Ducks attacks that involve exploiting DNS configuration flaws  —  Threat actors have hijacked more than 35,000 registered domains in so-called Sitting Ducks attacks that allow claiming …
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units  —  Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.
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.
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 …
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
Tuvan Gumrukcu / Reuters:
Turkey blocks Instagram for failing to comply with “laws and rules”; a Turkish official said Instagram blocked condolence posts about Ismail Haniyeh's killing  —  Turkey has blocked access to social media platform Instagram, the infotech regulator said on Friday …
Brian Schwartz / CNBC:
A look at Musk-backed America PAC's “Register to Vote” online campaign, which collects users' personal data in swing states, but does not help them register  —  If a voter in Michigan performs a search on Google, a somewhat shocking ad might pop up.
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:35 PM ET, August 2, 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

Peter Kafka / Business Insider:
In an interview, Atlantic CEO Nicholas Thompson says the number of subscribers the outlet gets from Google traffic has grown even as referral traffic has fallen

Heather Cherone / WTTW News:
NetChoice sues Illinois to block taxes on large social media companies and on companies with over $1M in gross receipts from digital ad services

Brett LoGiurato / Status:
NYT CEO Kopit Levien confirms The Athletic is no longer pursuing a major partnership with Kalshi, saying “we take the trust of our readers incredibly seriously”

More News

Zoe Kleinman / BBC:
UK shelves promised £800M for Edinburgh University exascale supercomputer and £500M for AI Research Resource, saying former government never allocated the funds
The Canadian Press:
Study: a year after Meta blocked news content in Canada due to the Online News Act, Canadians' total engagement with news content on social media is down 43%

Earlier Picks

Bill Donahue / Billboard:
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying using proprietary music to train AI models is fair use
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
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
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 20%+
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
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