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Techmeme
July 24, 2024, 1:10 PM
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Top News

Politico:
Some in Silicon Valley hope Kamala Harris could provide a chance for a reset, after years of bipartisan criticism in Washington, DC, toward Big Tech companies  —  Would she bring continuity with Joe Biden's policies?  A more centrist vibe?  A sharper progressive bite?
Eva Roytburg / Fortune:
Elon Musk says “I am not donating $45M a month to Trump” and that he created America PAC to support Trump, without revealing how much he is donating  —  Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created …
Benj Edwards / Ars Technica:
Meta says it will allow developers to use the outputs from Llama models, including Llama 3.1 405B, to improve other models for the first time  —  “Open source AI is the path forward,” says Mark Zuckerberg, misusing the term.  —  In the AI world, there's a buzz in the air …
Simon Sharwood / The Register:
CrowdStrike says the problematic July 19 software update that brought down 8.5M Windows PCs was deployed into production due to “a bug in the Content Validator”  —  CrowdStrike has blamed a bug in its own test software for the mass-crash-event it caused last week.
Giulio Piovaccari / Reuters:
Ferrari plans to accept crypto payments for its cars at European dealers from the end of July, and internationally by the end of 2024, expanding on the US  —  Ferrari (RACE.MI) said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars …
Bloomberg:
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
Alphabet:
Alphabet reports Q2 revenue up 14% YoY to $84.7B, net income up 29% YoY to $23.6B, Search revenue of $48.5B, up from $42.6B YoY, headcount down 1% to 179,582  —  MOUNTAIN VIEW, Calif. - July 23, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2024.
Jennifer Elias / CNBC:
Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M YoY, and announces a “multiyear” $5B investment in Waymo
Jennifer Elias / CNBC:
Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time
Lizette Chapman / Bloomberg:
All Raise: ~18% of US VC firms have at least one female partner, double from 2018; PitchBook says female founders had almost 28% of total US deal value in 2023  —  - Advocacy group reports women partners are part of more firms  — All Raise CEO says progress at risk from diversity criticisms
Chris Welch / The Verge:
Google updates the Play Store on Android to add categorized “Collections” that show installed app content, expand Play Pass, and add curated comics in Japan  —  Google is bringing a handful of new features to its Google Play store on Android today.
Alex Konrad / Forbes:
Airtable launches Cobuilder, which can generate apps from text prompts and match them to relevant data and customer information already stored within Airtable  —  Airtable's new Cobuilder product puts AI-generated apps in every worker's hands — and has the $11.7 billion-valued startup back eyeing an IPO following painful job cuts.
Jillian Ambrose / The Guardian:
Irish government data: data centers in Ireland used 21% of the country's electricity in 2023, up 20% YoY, topping the 18% of electricity used by all urban homes  —  Statistics raise concerns that rise in demand for data processing driven by AI could derail climate targets
Keith Broni / Emojipedia:
X reverts its water pistol emoji back to a firearm on the web, after Twitter originally switched the pistol emoji from a realistic-looking handgun in 2018  —  X (fka Twitter) has quietly redesigned its 🔫 Water Pistol emoji to display as a firearm.  This diverges from the cross-platform conversion …
Bloomberg:
US spot ether ETFs hit $1B+ in trading volume across nine funds, a strong debut but far from the $4.6B traded during the spot bitcoin ETFs debut in January 2024  —  - Trading volume still trailed amount posted by Bitcoin ETFs  — Debuts for two of the funds rank among some of the best ever

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Featured Podcasts

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Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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From Mediagazer

Brian Stelter / CNN:
CNN, MS NOW, and Politico amend their lawsuit against the White House, alleging it has kept all three off press pool duty since Sept. 18 despite an injunction

Reuters:
Sources: Bloomberg, Susquehanna, and Jump Trading signed up for Truth Social's real-time feed of top accounts, including Trump's posts, paying $60K to $100K

Brian Steinberg / Variety:
Versant, owner of MS NOW and CNBC, is launching four new FAST channels, including Snapped, Botched, and CNBC Ambition, bringing its portfolio to 13 outlets

More News

Eva Dou / Washington Post:
Elon Musk says Starlink service is now active in a hospital in Gaza, reflecting Israel's reluctance for Gaza residents to have internet access more broadly
Manish Singh / TechCrunch:
India scraps “angel tax” for all classes of investors, a major victory to the country's startup ecosystem that had lobbied for years against the measure

Earlier Picks

Ian King / Bloomberg:
Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts' estimates of $4.14B, easing fears of a chip downturn
Benjamin S. Weiss / Courthouse News Service:
US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there's enough support among his colleagues
Stephanie Palazzolo / The Information:
Source: OpenAI has reassigned Aleksander Madry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning
Chris Welch / The Verge:
Daniel Ek says Spotify is working on a deluxe Spotify tier, costing around $17 to $18, that has “a lot more control, a lot higher quality across the board”
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