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July 24, 2024, 12:25 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 precisely 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 …
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
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
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.
Sarah McBride / Bloomberg:
Compliance startup Vanta raised a $150M Series C led by Sequoia Capital at a $2.45B valuation, up from $1.6B in 2022, to accelerate adding AI to its products  —  Sequoia Capital led the financing, which the company said it would use in part to accelerate work in artificial intelligence.
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 …
Jillian Ambrose / The Guardian:
Irish government data: data centers in Ireland used 21% of its electricity in 2023, up 20% YoY, more than 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
Lizette Chapman / Bloomberg:
All Raise: ~18% of US VC firms have one or more female partners, double from 2018; PitchBook says female founders secured ~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
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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This is a Techmeme archive page. It shows how the site appeared at 12:25 PM ET, July 24, 2024.

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From Mediagazer

Washington Post:
The Pentagon says Stars and Stripes will move “away from woke distractions” and cease publishing AP “reprints”; its EIC says he'll work to save its independence

Daniel Thomas / Financial Times:
Sources: the BBC plans to announce a major deal to make bespoke shows for YouTube for the first time, which will later be aired on the BBC iPlayer and Sounds

Jeremy Barr / The Guardian:
Some CBS News staffers expressed deep skepticism about a story that used unnamed sources to report that the ICE officer who shot a woman had “internal bleeding”

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
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