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July 31, 2024, 11:35 PM
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| Meta: |
Meta Q2: revenue up 22% YoY to $39.07B, net income up 73% to $13.47B, family daily active people up 7% to 3.27B on average for June; META jumps 5%+ after hours — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
More: SiliconANGLE, Al Jazeera, UploadVR, The Information, Wall Street Journal, Constellation Research, The Hollywood Reporter, Quartz, CNBC, Yahoo Finance, Shacknews, and The Wrap
Threads: @karissabe, @supremebagholder, and @kurtwag8
X: @supbagholder, @stockmktnewz, @firstadopter, @tidefallcapital, @ldignan, @munster_gene, @munster_gene, @firstadopter, @munster_gene, @edludlow, @munster_gene, @munster_gene, @joecarlsonshow, @mikeisaac, @rihardjarc, @altcap, @munster_gene, and @munster_gene. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Jonathan Vanian / CNBC: |
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Threads: @daveleebbg. X: @rebrand_as_y, @yasminkhorram, @rjcaster, @ballmatthew, @levynews, @munster_gene, and @benz145
LinkedIn: Matt Mickelson and Rafael Brown
Forums: r/technology and r/technews
| Alex Heath / The Verge: |
More: TechCrunch, Macau Business, Benzinga, CNBC, Android Central, and Associated Press
Threads: @mostly.borrowed.ideas, @karissabe, and @alexheath
X: @jimcramer, @alexeheath, @bluechipdaily, @the_ai_investor, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg
| Wesley Yin-Poole / IGN: |
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
More: Bungie.net, The Verge, Kotaku, Windows Central, Game World Observer, Dexerto, MobileSyrup, Press Start, Metro.co.uk, GamingBolt, Stevivor, Game Developer, Los Angeles Times, GeekWire, Digital Trends, Wccftech, XboxEra, PC Gamer, Kotaku, Aftermath, Game Informer, Push Square, Android Headlines, VG Charts, PlayStation LifeStyle, GamesRadar, VG247, Pocket-lint, TechRaptor, Variety, Hardcore Gamer, Destructoid, VentureBeat, The Hollywood Reporter, Eurogamer.net, Polygon, Neowin, Engadget, KitGuru, Rock, Paper, Shotgun, TechCrunch, The Wrap, Game Rant, GamesRadar, Gameranx, GamesIndustry.biz, Dot Esports, GameSpot, Video Games Chronicle, and Kotaku
X: @jasonschreier, @d2cbro, @a_dmg04, @transientgamers, @the_ragespy, @bungie, @griffinwb, @nadiaudio, @fishprison, @mynameisbyf, @dirtyeffinhippy, @hazelmonforton, @amberillig, @niftybiiscuit, @dirtyeffinhippy, @mangalawyer, @vahn16, @alex_frostwolf, @genepark, @ne0mega, @kperng, and @thereallexuzi. Forums: r/pcgaming
| CNBC: |
Delta Air Lines CEO Ed Bastian says the CrowdStrike-caused outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages — WATCH NOW — Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.
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| Tom Warren / The Verge: |
Discord on Xbox adds the ability to watch friends' Discord streams whether they're sharing from a PC, mobile phone, or Xbox, rolling out over the coming weeks — Microsoft and Discord are greatly improving the integration of the communication platform into Xbox consoles.
More: Discord Blog, Xbox Wire, Windows Central, Insider Gaming, Shacknews, Eurogamer.net, Video Games Chronicle, PC Gamer, Press Start, XboxEra, Pure Xbox, Game Rant, Neowin, Thurrott, Gizmodo, PCMag, IGN, and Dexerto
| New York Times: |
Reid Hoffman, Vinod Khosla, Mark Cuban, Ron Conway, Chris Sacca, and 100+ other VCs pledge to vote for Kamala Harris and solicit donations for her campaign — The group, including Democratic donors such as Reid Hoffman and Vinod Khosla, has been organized under an effort called VCsForKamala.
More: VCs for Kamala, Forbes, CNBC, Silicon Valley Business …, TechCrunch, AfroTech, Axios, Quartz, Politico, The Guardian, The Verge, GeekWire, The Hill, and The Information
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| Sergiu Gatlan / BleepingComputer: |
Microsoft says that a nine-hour outage on July 30, which disrupted multiple Microsoft 365 and Azure services worldwide, was triggered by a DDoS attack — Microsoft confirmed today that a nine-hour outage on Tuesday that took down and disrupted multiple Microsoft 365 and Azure services worldwide …
More: azure.status.microsoft, ZDNET, The Record, The Stack, GovTech, The Sun, Tech Xplore, Cybersecurity Dive, The Information, Security Boulevard, SC Media, Daily Mail, Dark Reading, The Independent, Forbes, Windows Central, PCMag, CRN, PCWorld, The Register, Silicon Republic, TechRadar, and SecurityWeek. LinkedIn: Peter Girnus
| Ian King / Bloomberg: |
Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates — - Company says phone units will be ‘flattish’ this year — Upbeat revenue forecast had buoyed stock after earnings report
More: Reuters, Nikkei Asia, Constellation Research, CNBC, and Investor's Business Daily
| Alex Heath / The Verge: |
Reddit CEO says Microsoft, Anthropic, and Perplexity need to pay to scrape the site's data, and it has been “a real pain in the ass to block these companies” — After striking deals with Google and OpenAI, Reddit CEO Steve Huffman is calling on Microsoft and others to pay if they want to continue scraping the site's data.
More: Ars Technica, Bloomberg, Windows Central, Neowin, and Engadget
| Jonathan Kemper / The Decoder: |
Google unveils updates to its Gemma family of open models, including Gemma 2 2B, which it claims surpasses GPT-3.5 and Mixtral 8x7B on the LMSYS Chatbot Arena — Google has unveiled updates to its Gemma 2 family of open-source language models, focusing on improved performance, safety, and transparency.
More: Google Developers Blog, Google DeepMind, SiliconANGLE, TechCrunch, VentureBeat, Hugging Face, Maginative, TNW, and AIM
LinkedIn: Wenjun Zeng and Ludovic Peran
| Sean Lyngaas / CNN: |
A ransomware attack hits blood donation nonprofit OneBlood, which has asked over 250 hospitals in the US to activate their critical blood shortage protocols — A cyberattack has hit a blood-donation nonprofit that serves hundreds of hospitals in the southeastern US.| Ian King / Bloomberg: |
Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72%, and maintains its outlook for FY 2025; ARM drops 10%+ after hours — - Company doesn't boost outlook despite topping earnings views — CEO says weakness in certain markets is offsetting sales gains| Jess Weatherbed / The Verge: |
Google rolls out online safety features to make removing explicit deepfakes from Search at scale easier and to prevent them from appearing high up in results — Google is rolling out new online safety features that make it easier to remove explicit deepfakes from Search at scale and prevent … | Aaron Holmes / The Information: |
Source: TikTok was paying Microsoft ~$20M/mo. to use OpenAI's models in Azure OpenAI Service as of March, ~25% of the total revenue that service was generating — Microsoft has had success reselling OpenAI's artificial intelligence to its cloud customers, a core part of its plan to build a new multibillion-dollar profit machine.
More: Sherwood News, Quartz, DatacenterDynamics, and The Verge
| Krisztian Sandor / CoinDesk: |
Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany — The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.| Anna Washenko / Engadget: |
US senators unveil the bipartisan NO FAKES Act, which would make individuals and companies liable for producing, hosting, or sharing unauthorized AI deepfakes — OpenAI joined several entertainment industry groups in backing the NO FAKES Act. — Today, a group of senators introduced the NO FAKES Act … | Akash Sriram / Reuters: |
eBay reports Q2 revenue up 1% YoY to $2.57B, vs. $2.53B est., GMV up 1% to $18.4B, net income up 31% to $226M, and forecasts Q3 revenue below estimates — EBay (EBAY.O) forecast third-quarter revenue below Wall Street estimates on Wednesday, a sign that demand is slowing down for collectible items, luxury handbags and watches.| Bill Toulas / BleepingComputer: |
Zimperium: a massive SMS-stealing malware campaign targeted Android devices worldwide using Telegram bots to infect devices in 113 countries since February 2022 — A malicious campaign targeting Android devices worldwide utilizes thousands of Telegram bots to infect devices with SMS-stealing malware …
More: Zimperium, Dark Reading, Hackread, Mashable, SecurityWeek, and Infosecurity
| CNBC: |
Nvidia shares closed up 12.81% after Microsoft and AMD signaled no slowdown in the buildout of AI servers built around GPUs; Microsoft spent $19B on capex in Q4 — Nvidia shares popped 13% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown … | Shubham Sharma / VentureBeat: |
Ema, which helps companies set up and deploy no-code AI agents it calls “universal AI employees”, raised $36M as part of a Series A led by Accel and Section 32 — San Francisco-based Ema, the AI agent startup founded by former Google and Okta employees, today announced it is raising … | Michael Hennessey / Bloomberg: |
Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees — - Fewer than 200 employees will be affected by the merger — A previous deal to sell some of the Asian business fell apart| Emma Hinchliffe / Fortune: |
New York-based Spring Health, which offers a mental health app that matches patients with care providers, raised a $100M Series E at a $3.3B valuation — Mental health company Spring Health, cofounded by CEO April Koh and Adam Chekroud, is now valued at $3.3 billion after raising a $100 million Series E round.Sponsor Posts
Command Line:
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
App Spotlight: Profit.co for Zoho CRM — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
App Spotlight: Profit.co for Zoho CRM — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Cheeky Pint:
Muse Wonder: Zuckerberg and Wang's $100B AI
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Lenny's Podcast:
Why every company now needs to think and operate like a lab team | Josh Woodward (Google Labs, Gemini, AI Studio)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Big Technology Podcast:
Meta & Microsoft's Claude Slowdown, His Agent Leaked His Banking Info, Don't Bully Your AI
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Sources:
Qualcomm's CEO on the coming AI phone supercycle
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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The Upstarts Podcast:
Bringing Back Mammoths And Building Noah's Ark 2.0 | Colossal's Ben Lamm
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Great Chat:
The launch industrial complex
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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