| Financial Times: |
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer — Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer| Natasha Lomas / TechCrunch: |
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK — The U.K.'s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence.| Kylie Robison / The Verge: |
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales, and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customer hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.| Natalie Lung / Bloomberg: |
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% to $4.02B, vs. $4.07B est., and projects Q3 Gross Bookings below estimates; LYFT drops 12%+ — - Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time| Emma Roth / The Verge: |
Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.| Todd Spangler / Variety: |
| Paul Sawers / TechCrunch: |
Automattic debuts Write Brief with AI, to help users write and tweak content using text prompts, in beta on Jetpack, after launching an AI writing tool in 2023 — Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly.| Spencer Soper / Bloomberg: |
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 20%+ — - Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections| Etan Vlessing / The Hollywood Reporter: |
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker … | Katharine Gemmell / Bloomberg: |
The UK CMA approves HPE's $14B deal to acquire Juniper Networks after finding no competition concerns, following the EU's unconditional approval on August 1 — The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK.| Reuters: |
| Tom Warren / The Verge: |
AMD says its flagship Ryzen 9 9950X with 16 cores will launch on August 15 for $649, or $50 less than the Ryzen 9 7950X, and other new CPUs are $20-$50 cheaper — AMD has finally revealed the launch prices for its new range of Ryzen 9000 desktop CPUs, and it's pricing them slightly lower than the Ryzen 7000 launch prices.| The Information: |
Sources: Opal, previously Opal Camera, which makes $300 webcams, raised a $60M Series B led by OpenAI Startup Fund and plans to make new OpenAI-powered devices — OpenAI CEO Sam Altman has long been interested in building an AI-powered device for consumers, similar to the one featured in Spike Jonze's movie “Her.”| Sarah Perez / TechCrunch: |
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.| Ryan Browne / CNBC: |
Sony reports Q1 revenue up 2% YoY to ~$20.5B, vs. ~$19.31B est., operating profit up 10% YoY to ~$1.92B, vs. $1.89B est., and 2.4M PS5 units sold, down 27% YoY — Sony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations … | Max A. Cherney / Reuters: |
Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal — For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.| The Information: |
Sources: Meta is in talks to license its Horizon software to Jio, which would use it to power a VR device — Meta Platforms is in talks to license its Horizon virtual reality software to Indian technology company Jio, according to three people with knowledge of the situation …
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| Annie Palmer / CNBC: |
| Jessica Lyons / The Register: |
| Michelle Pokrass / OpenAI: |
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| Sara Fischer / Axios: |