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August 29, 2024, 7:10 AM
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Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 122% YoY to $30B, above $28.7B est., forecasts Q3 revenue above est., and approves an additional $50B in share buybacks  —  Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
Financial Times:
Nvidia shares fall ~5% pre-market, after the company failed to top the highest analyst expectations and reported a gross margin of 75.1%, below 75.5% est.
Bloomberg:
Jensen Huang says Nvidia's new Blackwell chips will have “lots and lots of supply”, and the company expects billions of dollars in revenue from the chips in Q4
Gaspard Sebag / Bloomberg:
France charges Pavel Durov for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France  —  - Pavel Durov isn't responsible for crimes on app, lawyer says  — Durov out of detention on €5 million bail; can't leave France
Wall Street Journal:
Sources: OpenAI is in talks to raise funding at a $100B+ valuation; Thrive Capital is leading the round and will invest ~$1B, and Microsoft will also invest  —  Thrive Capital and Microsoft are among investors putting several billion dollars into ChatGPT maker
Sarah Perez / TechCrunch:
Threads now lets users see and like fediverse replies on other posts besides their own, and posts submitted via Threads API will be syndicated to the fediverse  —  Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon …
Nico Grant / New York Times:
Yelp sues Google, alleging Google used its dominance in general search to gain an unfair advantage in local search services and local search advertising markets  —  Yelp complained for more than a decade that Google tilted the search market in its favor.  After its rival's landmark legal loss, it finally decided to sue.
Jaspreet Singh / Reuters:
CrowdStrike reports Q2 revenue up 32% YoY to $963.9M, vs. $958.6M est., and cuts its FY 2025 revenue and profit forecasts, after July's Windows outage  —  CrowdStrike (CRWD.O) cut its annual revenue forecast on Wednesday, in a sign that demand for its cybersecurity products could have taken …
Abner Li / 9to5Google:
Google rolls out Imagen 3 to all Gemini users and Gems, which allows the creation of custom Gemini chatbots, to Gemini Advanced, Business, and Enterprise users  —  Following the preview at I/O 2024 in May, Gemini is rolling out Gems, as well as Imagen 3, to Advanced subscribers.  —  Gems
Julia Love / Bloomberg:
Google plans to roll out image generation of people to Gemini paid users soon, after suspending the feature in February 2024 over criticism of racial depictions
Jason Schreier / Bloomberg:
Sources: Bungie fired Chris Barrett, a former top executive, in March 2024 after he was accused by several female employees of inappropriate behavior  —  Veteran developer who worked on hit video game franchises Halo and Destiny was directing the next major title, Marathon.
Eric Slivka / MacRumors:
Kuo: in the 2025 iPhone lineup, only the iPhone 17 Pro Max will have 12GB DRAM and an upgraded cooling system combining vapor chamber tech and graphite sheets  —  Just a day after a noted leaker on Chinese microblogging site Weibo suggested the iPhone 17 lineup in 2025 could see an upgrade …
Ben Weiss / The Verge:
Documents and sources detail OpenSea's chaotic work environment, ever-shifting priorities, and regulatory issues, as the SEC and FTC make inquiries  —  The rise and fall of NFTs made and unmade OpenSea — the largest marketplace for the crypto asset.  But insider accounts of the company reveal …
Katherine Ross / Blockworks:
OpenSea says the US SEC sent it a Wells notice calling NFTs sold on the platform securities; CEO Devin Finzer says the company is “ready to stand up and fight”
Nate Raymond / Reuters:
A US court rules TikTok must face a lawsuit over a 10-year-old's death and the “blackout challenge”, saying algorithmic curation isn't protected by Section 230  —  A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral …
Anna Tong / Reuters:
California's State Assembly passes the AI safety bill SB 1047, which now goes back to the Senate for a process vote before requiring Governor Newsom's signature  —  California lawmakers passed a hotly contested artificial-intelligence safety bill on Wednesday, after which it will need …
Sylvia Varnham O'Regan / The Information:
Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power  —  Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees.

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This is a Techmeme archive page. It shows how the site appeared at 7:10 AM ET, August 29, 2024.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Trip Gabriel / New York Times:
R. Bruce Dold, a Pulitzer Prize-winning journalist at the Chicago Tribune, where he became editor-in-chief and publisher, is dead at 70

More News

Tianyu Fang / Rest of World:
As Chinese EV manufacturers consolidate and close, EV owners say they're losing access to smartphone app updates and features that rely on cloud services

Earlier Picks

David Pierce / The Verge:
ESPN launches a Where to Watch feature on its website and app, which aims to be a universal guide for streaming sports with data from 250+ streaming services
Lora Kolodny / CNBC:
Environmental and health advocates accuse xAI of adding to pollution in Memphis, Tennessee, by using unauthorized gas burning turbines at its new data center
Brody Ford / Bloomberg:
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+
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