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July 31, 2024, 5:35 AM
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memeorandum
WeSmirchTop News
| Alex Heath / The Verge: |
After users reported that Meta's AI assistant incorrectly claimed the attempted assassination of Donald Trump did not happen, Meta blames hallucinations — Meta's AI assistant incorrectly said that the recent attempted assassination of former President Donald Trump didn't happen …
More: Meta, Cybernews.com, Moneycontrol, Truth Social, PCMag, Hindustan Times, and New York Post
Threads: @hankgreen and @kolchak
| The Information: |
More: The Verge. Threads: @xzed87 and @daveleebbg
X: @amir, @kyurieff, @bradybrendan1, @brettdash_, @ttp_updates, @rachelmetz, @walthickey, and @tim_bays
| Microsoft: |
Microsoft reports Q4 revenue up 15% YoY to $64.7B, net income up 10% YoY to $22B, Office Commercial revenue up 12% YoY, and LinkedIn revenue up 10% YoY — REDMOND, Wash. — July 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2024 …
More: Yahoo Finance, Fast Company, Axios, Quartz, Windows Central, and Neowin
Mastodon: @GossiTheDog@cyberplace.social. X: @munster_gene, @modestproposal1, @jaminball, @jaminball, @ericjackson, @munster_gene, @ericjhonsa, @stephanie_link, @thetranscript_, @munster_gene, @ashtom, and @benbajarin. LinkedIn: Emil Protalinski. Forums: Hacker News
| Jordan Novet / CNBC: |
| Tom Warren / The Verge: |
More: The Register, Thurrott, TheGamer, SiliconANGLE, and Windows Central
| Lauren Feiner / The Verge: |
The US Senate passes the Kids Online Safety Act and the Children and Teens' Online Privacy Protection Act by a vote of 91 to 3; the bills now head to the House — The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0) …
More: Electronic Frontier Foundation, Washington Post, New York Times, Platformer, New York Times, Techdirt, Courier-Journal, Associated Press, Reuters, NBC News, ACLU, The Hill, The Record, SiliconANGLE, The Information, VentureBeat, Quartz, TechCrunch, Axios, Bloomberg Law, NBC News, and Quartz
Threads: @crumbler. X: @tracethelaw, @marshablackburn, @judiciarydems, @senblumenthal, @parismartineau, @senblumenthal, @eff, @senatorshoshana, @vp, @marshablackburn, @randpaul, @senschumer, @frankthorp, and @marshablackburn
LinkedIn: Lennon Torres, Dr. Ashwin Vasan, and Hari Ravichandran
Forums: r/Defeat_Project_2025, r/privacy, r/centrist, r/technology, r/technology, and Beehaw
| Kif Leswing / CNBC: |
AMD reports Q2 revenue up 9% YoY to $5.83B, vs. $5.72B est., Data Center revenue up 115% to $2.8B, net income up 881% to $265M, Q3 revenue forecast above est. — Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth … | Sean Hollister / The Verge: |
AMD CEO Lisa Su says the MI300 AI chips did over $1B in sales in Q2 and that supply of MI300 chips will remain tight through 2025 — AMD just announced its second quarter 2024 earnings today, and the highlight was this: nearly half the company's sales are now data center products … | Bloomberg: |
Sources: Intel may unveil plans as early as this week to cut thousands of jobs to reduce costs and fund a rebound from an earnings slump and market share losses — - CEO Gelsinger embarks on ambitious effort to regain share — Chipmaker is spending on research, development and new plants
More: Globes Online, Guru3D, TweakTown, Oregonian, CRN, Willamette Week, SiliconANGLE, Investing.com, and Portland Business Journal
X: @pkedrosky, @pkedrosky, @mackhawk, and @pkedrosky
Forums: r/hardware, r/antiwork, r/anime_titties, r/technology, r/StockMarket, and r/wallstreetbets
| Maxwell Zeff / TechCrunch: |
OpenAI begins rolling out ChatGPT's Advanced Voice Mode, initially criticized for sounding like Scarlett Johansson during its demo in May 2024, to ChatGPT Plus — OpenAI began rolling out ChatGPT's Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o's hyper-realistic audio responses.
More: CNN, Benzinga, Financial Express, PhoneArena, Nairametrics, Business Today, Android Authority, CNET, Android Headlines, MacRumors, PYMNTS.com, VentureBeat, ZDNET, Forbes, CoinGape, How-To Geek, PCMag, Tom's Guide, Quartz, Inc.com, The Crypto Times, TechRadar, The Decoder, Axios, and The Verge
X: @openai, @openai, @openai, and @rachelmetz
| Sheila Chiang / CNBC: |
Samsung reports Q2 revenue up 23.42% YoY to ~$53.45B, vs. ~$53.3B est., and operating profit up 1,458% YoY to ~$7.5B, as AI memory chip demand remains strong — Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand … | Jonathan Greig / The Record: |
An IBM and Ponemon study of 604 organizations affected by data breaches between March 2023 and February 2024 finds the global average cost rose 10% YoY to $4.9M — Businesses that fall victim to a data breach can expect a financial hit of nearly $5 million on average …
More: IBM, The Economic Times, ComputerWeekly.com, Ventureburn, CSO, The Cyber Express, and Channel Futures
| Kate Gibson / CBS News: |
The US CPSC rules that Amazon is legally responsible for recalled products sold on Amazon.com, even by third parties, and must remove them and notify purchasers — Amazon distributed hundreds of thousands of hazardous products sold by third-parties through the e-commerce giant's platform …
More: U.S. Consumer Product …, CNBC, Reuters, CNN, The Verge, The Register, GeekWire, Engadget, PCMag, The Hill, SlashGear, and Tom's Guide
Forums: r/news, r/Political_Revolution, and r/law
| Boone Ashworth / Wired: |
Startup Friend previews a $99 AI pendant with an always-on microphone that's designed to provide the wearer with companionship, set to ship in January 2025 — The latest attempt at an AI-powered wearable is an always-listening pendant. But it doesn't help you be more productive, it just keeps you company.
More: 404 Media, TechCrunch, Friend on YouTube, Friend, The Verge, CryptoSlate, TheDomains.com, The Information, iPhone in Canada Blog, Fast Company, CNET, GovTech, The Independent, Tom's Guide, Gizmodo, MacRumors, Android Authority, and AppleInsider
Mastodon: @jalefkowit@vmst.io, @jeffjarvis@mastodon.social, and @matt@isfeeling.social
X: @avischiffmann, @evisdrenova, @emollick, @loomdart, @nlevin, @pitdesi, @oyhsu, @willbrownai, @mkbhd, @dinvesting, @yacinemtb, @major_katsuragi, @reambraden, @walterkirn, @avischiffmann, @suhail, @peer_rich, @chronotope, @mkbhd, @nic__carter, @keatoninglis, @carnage4life, @nic__carter, @jsngr, @thegarrettscott, @avischiffmann, @michaelmiraflor, @louisanslow, @avischiffmann, @daniel__designs, @binarybits, @avischiffmann, @josephfcox, @kylebrussell, @aravsrinivas, @thestalwart, @kennethnym, @avischiffmann, @maryarchived, @pronounced_kyle, @thomasschulzz, @nikitabier, @blader, and @deliprao
LinkedIn: Avi Schiffmann and Magdalena Sawicka
Forums: r/privacy, r/redscarepod, r/aiwars, r/artificial, r/agi, and Beehaw
| Wall Street Journal: |
How Elon Musk and X's division of labor stymied some of Linda Yaccarino's plans, like a Visa deal; internal figures show X had 250.8M DAUs in Q2, up 1.56% YoY — Tensions over the division of labor with Musk have stymied some of Yaccarino's initiatives — X Corp. Chief Executive Linda …
More: Benzinga. Threads: @alexa.corse, @alexa.corse, and @karaswisher. X: @barbariancap. LinkedIn: Momo J.
| Lawrence Abrams / BleepingComputer: |
Zscaler ThreatLabz and Chainalysis say ransomware group Dark Angels received a payment worth ~$75M in early 2024, the largest known ransomware payment to date — A Fortune 50 company paid a record-breaking $75 million ransom payment to the Dark Angels ransomware gang, according to a report by Zscaler ThreatLabz.| Reuters: |
Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial recognition tech to collect biometric data of millions of Texans without consent — Meta Platforms (META.O) has agreed to pay $1.4 billion to Texas to resolve the state's lawsuit accusing the Facebook parent …
More: Texas Attorney General, Silicon Republic, Ars Technica, The Texas Tribune, CNBC, Proactive, Al Bawaba, Mobile World Live, Associated Press, UPI, Cryptopolitan, NTD, News.ng, The Hacker News, SiliconANGLE, TweakTown, Courthouse News Service, USA Today, The Cyber Express, Fast Company, The Boston Globe, InformationWeek, The Federalist, McKool Smith, Pocket-lint, Blaze Media, The Register, Agence France-Presse, Benzinga, Axios, PCMag, BERNAMA, Bloomberg Law, and Keller Postman LLC
X: @kenpaxtontx, @txag, @swiftstories, @jason_kint, @jason_kint, and @jason_kint
Forums: Hacker News and r/technology
| Akash Sriram / Reuters: |
California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help state residents access them via an app by early 2025 — California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid …
More: Avalanche, The Crypto Basic, CryptoSlate, NFTgators, Cryptonews, CoinDesk, CoinGape, Quartz, Cointelegraph, The Daily Hodl, and crypto.news
Threads: @gwestr. X: @avax, @bondjanebond, @kevinsekniqi, @jacqmelinek, @smyyguy, @john1wu, and @avalabs
Forums: Hacker News, r/California, and r/Hedera
| Ananya Bhattacharya / Rest of World: |
A profile of Bengaluru-based Pocket FM, which has 2,000+ audio shows with 10- to 15-minute episodes and is working with ElevenLabs to convert scripts into audio — Pocket FM is teaming up with U.S. text-to-speech app ElevenLabs to produce more shows for less time and money. — • MUMBAI, INDIA| Jordan Fragen / VentureBeat: |
EA reports Q1 net bookings down 20% YoY to $1.26B, above its guidance forecast, revenue down 14% YoY to $1.66B, and net income down 30% YoY to 280M — Electronic Arts has announced its financial results for the first quarter quarter of FY25. The game publisher's $1.262 billion …
More: Electronic Arts, GamesIndustry.biz, Benzinga, Insider Gaming, Shacknews, Reuters, Variety, and PC Games Insider. X: @stephentotilo
| Noam Scheiber / New York Times: |
Interviews with Hollywood sound and picture editors, artists, and others detail their fears of AI replacing much of their work, despite a new IATSE contract — Actors and writers won strict limits on artificial intelligence in last year's contract negotiations, but other workers face a growing challenge.| Emily Forgash / Bloomberg: |
Nvidia shares closed down 7% to $103.73, after falling ~23% since July 10, as investors pull back from large tech stocks amid doubts over AI spending paying off — - Gauge of Nvidia's 10-day volatility twice as high as Bitcoin's — The stock sees biggest drop since April in shift from techSponsor Posts
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Big Technology Podcast:
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