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Techmeme
July 18, 2024, 11:55 PM
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Top News

Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B  —  Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $4.88 vs $4.74 per share expected by LSEG
Lucas Manfredi / The Wrap:
Netflix says its ad tier now accounts for over 45% of all signups in the markets where it's available, and ad tier memberships grew 34% QoQ in Q2
Hayden Field / CNBC:
OpenAI launches GPT-4o mini, a smaller, cheaper offshoot of GPT-4o, replacing GPT-3.5 Turbo, with support for all multimodal inputs and outputs coming soon  —  OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup's latest effort to expand use of its popular chatbot.
Simon Willison / Simon Willison's Weblog:
GPT-4o mini costs $0.15 per 1M input tokens and $0.60 per 1M output tokens, prices lower than those of Claude 3 Haiku and Gemini 1.5 Flash
Emma Roth / The Verge:
Google, OpenAI, Microsoft, Nvidia, and others form the Coalition for Secure AI to share best practices and open-source methodologies for secure AI deployment  —  Google, OpenAI, Microsoft, Amazon, Nvidia, Intel, and other big names in AI are coming together to form the Coalition for Secure AI …
Shaurya Malwa / CoinDesk:
Indian crypto exchange WazirX says one of its multisig wallets “experienced a security breach” after $230M+ in withdrawals; WazirX had $500M in holdings in June  —  One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post.
Elliptic:
Analysis: the North Korea-linked WazirX hackers took 200+ different assets, including $96.7M of Shiba Inu, $52.6M of Ether, $11M of Matic, and $7.6M of Pepe
Abner Li / 9to5Google:
Google says its goo.gl URL shortener links will stop working after August 25, 2025, after it stopped generating new goo.gl URLs in March 2019  —  After Google stopped generating new goo.gl URLs in March of 2019, those links will stop working on August 25, 2025.
Financial Times:
Sources: Meta is exploring a multibillion-euro investment in eyewear group EssilorLuxottica, which makes the Ray-Ban Meta glasses, to expand their partnership  —  Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership
Michael Nuñez / VentureBeat:
Nvidia and Mistral release Mistral NeMo, a 12B-parameter language model with a 128K-token context window, available under the Apache 2.0 open-source license  —  Nvidia and French startup Mistral AI jointly announced today the release of a new language model designed to bring powerful AI capabilities directly to business desktops.
Jay Peters / The Verge:
Xbox says an outage is affecting the Xbox Store and subscriptions, and it is investigating the cause; the outage has been going on since at least 6:57PM ET  —  If you're trying to play online games on your Xbox Series X / S, Xbox One, or even Xbox 360 right now, you might be running into some issues …
The Information:
Sources: OpenAI has talked to chip designers including Broadcom about developing an AI server chip and hired former members of a Google unit that produces TPUs  —  Last year, as the world's top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers …
Tim Starks / CyberScoop:
A US judge dismisses most of a SEC lawsuit accusing SolarWinds of misleading investors by failing to disclose cybersecurity failures in its Orion software  —  The groundbreaking lawsuit's claims about inadequate disclosures related to the historic Sunburst attack were thrown out Thursday.
The Information:
An ex-Reality Labs manager says Meta asked the unit to cut spending by ~20% from 2024 to 2026; Meta plans two Quest 4 versions in 2026 and a Quest Pro 2 in 2027  —  Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams.
Emma Roth / The Verge:
Apple is launching new immersive video content for the Vision Pro over the next few months, including content from The Weeknd and the 2024 NBA All-Star Weekend  —  Apple is launching new “immersive” video content for the Vision Pro over the next few months, including one from The Weeknd …
Spencer Soper / Bloomberg:
Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152  —  - Discounts on electronics, small appliances drove spending  — Amazon sale prompts rival retailers to offer their own deals
Bloomberg:
Sources: Cellebrite gave the FBI unreleased tech to access the Trump shooter's phone, a “newer Samsung model”, after the FBI's first attempt to crack it failed  —  - Initial attempt to access newer Samsung model didn't work  — Cellebrite sent FBI technical support, unreleased software
Bianca Bharti / BetaKit:
Montréal-based Planned, which offers corporate events and travel planning tools, raised a CAD$35M Series B led by Drive Capital  —  The startup plans to automate “tragically old school industry” and expand internationally.  —  Montréal-based Planned has secured $35 million CAD …
More: Planned, FinSMEs, and PhocusWire

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
Condé Nast CEO Roger Lynch is stepping down after 7.5 years to become the CEO and chairman of Mattel; lead independent director Mike Perlis will be interim CEO

Andrea González-Ramírez / The Cut:
Q&A with two Cornell Daily Sun student journalists on breaking the news of a suit alleging seven students raped a woman, followed by a fiery editorial, and more

Andrew Deck / Nieman Lab:
OpenAI doubles support for Lenfest's AI and local news fellowships, committing an additional $10M, after placing AI fellows in 11 local newsrooms across the US

More News

Nick Baker / CoinDesk:
Messari CEO Ryan Selkis says he ran “too hot” with X posts this week calling for war and sending immigrants back, after Messari management told him to cool it
Bloomberg:
Block's Cash App plans to close its UK operations on September 15, after launching in 2018, as the company “deprioritizes global expansion” to focus on the US
Bloomberg:
Sources: Apple has spoken to many of the largest Hollywood studios about acquiring more programming from their libraries to offer customers in the US and abroad

Earlier Picks

Ryan Dinsdale / IGN:
Nintendo unveils a Joy-Con charging stand for the Switch, over seven years after launching the console, available on October 17, but doesn't announce a price
New York Times:
How Spain relies on the VioGén algorithm to score the likelihood of recurring domestic violence and decide protection measures, with at times fatal consequences
Sheila Chiang / CNBC:
TSMC reports Q2 revenue up 40.1% YoY to ~$20.82B and net income up 36.3% YoY to ~$7.62B, both above estimates, as advanced AI chip demand continues to surge
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