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Techmeme
July 25, 2024, 2:00 AM
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Top News

Nick Robins-Early / The Guardian:
Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B  —  Banking and healthcare firms, major airlines expected to suffer most losses, according to insurer Parametrix
Emanuel Maiberg / 404 Media:
Reddit appears to be blocking search engines that don't rely on Google's indexing; Bing, DuckDuckGo, and others are not showing recent results from Reddit  —  DuckDuckGo, Bing, Mojeek, and other search engines are not returning full Reddit results any more.
Olivia Carville / Bloomberg:
Meta removes ~63K Instagram accounts used by sextortion scammers in Nigeria, along with ~7,200 Facebook assets, including accounts linked to the Yahoo Boys  —  - Purge includes thousands of Groups offering sextortion ‘tips’  — One network of 20 criminals was running 2,500 fake accounts
Josh Eidelson / Bloomberg:
Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750  —  World of Warcraft workers have voted to unionize the popular video-game franchise, expanding organized labor's new foothold at Microsoft Corp. by around 500 employees.
Zac Bowden / Windows Central:
Microsoft unveils Bing generative search, which shows AI-generated answers with the sources used to create them, currently available to a small subset of users  —  Bing will soon prioritize AI-generated answers alongside traditional search results.  —  When you purchase through links on our site, we may earn an affiliate commission.
Shubham Sharma / VentureBeat:
Mistral announces Mistral Large 2, the new generation of its flagship model, with 123B parameters; commercial usage requires a separate license  —  The AI race is picking up pace like never before.  Following Meta's move just yesterday to launch its new open source Llama 3.1 …
Chance Miller / 9to5Mac:
Apple launches Apple Maps on the web in beta, available in English and compatible with Safari and Chrome on Mac and iPad, and Chrome and Edge on Windows PCs  —  Apple is bringing Apple Maps to the web for the first time.  In a press release today, the company announced that you can now access Apple Maps …
Dana Hull / Bloomberg:
Elon Musk's poll asking if Tesla should invest $5B in xAI ends with 67.9% voting yes, after Musk said on Tesla's earnings call that he supported the idea  —  - CEO takes poll on whether EV maker should back his startup  — The two companies have intermingled on procurement, recruiting
Romain Dillet / TechCrunch:
Privacy-focused developer Proton debuts a self-custody bitcoin wallet, its first cryptocurrency product, initially available to early access users  —  When you think about it, Proton has always been a crypto company — cryptography, not cryptocurrency.  But the Switzerland-based company …
Paul Alcorn / Tom's Hardware:
AMD delays its Zen 5 Ryzen 9000 launch, originally set for July, to August due to an unspecified quality issue, and pulls back all units shipped to replace them  —  AMD hits the brakes on its Zen 5-powered Ryzen 9000 processors.  —  AMD announced today that it has delayed its Zen 5 Ryzen 9000 launch due …
Michael Peel / Financial Times:
Researchers suggest that using “synthetic” data, created by AI systems to train LLMs, could lead to the rapid degradation of AI models and a collapse over time  —  Research suggests use of computer-made ‘synthetic data’ to train top AI models could lead to nonsensical results in future
Jess Weatherbed / The Verge:
AltStore PAL now offers third-party iOS apps in the EU, starting with two torrenting apps, a social discovery app for dating, and a PC emulator  —  The first batch of third-party apps are making their way onto AltStore PAL, just over three months after the alternative iOS app marketplace first launched in the EU.
New York Times:
Analysis: since the start of Ukraine war in 2022, Russia obtained ~$4B worth of US restricted chips from 6K+ companies, including from shell firms in Hong Kong  —  Defying sanctions, Russia has obtained nearly $4 billion in restricted chips since the war began in Ukraine.
Brody Ford / Bloomberg:
ServiceNow President CJ Desai leaves the company after an internal probe found he violated company policy related to a US contract and an ex-Army CIO's hiring  —  - Company hired former Army CIO Iyer after $432 million contract  — Iyer, who headed public sector business, also resigned
Paul Sawers / TechCrunch:
Lakera, which helps enterprises protect generative AI apps from LLM vulnerabilities, raised a $20M Series A led by Atomico, bringing its total funding to $30M  —  Lakera, a Swiss startup that's building technology to protect generative AI applications from malicious prompts and other threats …
Bloomberg:
IBM reports Q2 revenue up 2% YoY to $15.8B, vs. $15.6B est., and says bookings for AI consulting and software have exceeded $2B since mid-2023, vs. $1B in Q1  —  International Business Machines Corp. reported a jump in bookings for its artificial intelligence business as customers work to implement the latest technology.
Reuters:
SK Hynix Q2: revenue up 125% YoY to ~$11.86B, operating profit of ~$3.96B, its highest quarterly profit in six years, and sees further rising chip demand in H2  —  South Korea's SK Hynix (000660.KS) posted on Thursday its highest quarterly profit since 2018 as the Nvidia (NVDA.O) …
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

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This is a Techmeme archive page. It shows how the site appeared at 2:00 AM ET, July 25, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

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

Joe Flint / Wall Street Journal:
Sources: David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations following Paramount's acquisition of WBD

More News

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
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

Earlier Picks

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
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