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August 1, 2024, 12:20 PM
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| Meta: |
Meta reports Q2 revenue up 22% YoY to $39B, net income up 73% to $13.5B, and family daily active people up 7% to 3.27B on average for June 2024; META jumps 5%+ — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
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Threads: @jonathan_vanian_1, @supremebagholder, @kurtwag8, @karissabe, and @supremebagholder
X: @munster_gene, @chrisfralic, @mikeisaac, @munster_gene, @munster_gene, @munster_gene, @altcap, @munster_gene, @munster_gene, @joecarlsonshow, @ldignan, @firstadopter, @firstadopter, @edludlow, @rihardjarc, @munster_gene, @tidefallcapital, @stockmktnewz, and @supbagholder. LinkedIn: Emil Protalinski. Facebook: Mark Zuckerberg
| Alex Heath / The Verge: |
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Threads: @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
X: @firstadopter, @jimcramer, @alexeheath, @bluechipdaily, @the_ai_investor, @benitoz, @andrewcurran_, @andrewcurran_, and @ericjhonsa. Facebook: Mark Zuckerberg. Forums: r/technology
| Jonathan Vanian / CNBC: |
More: Silicon Valley Business …, Game Developer, MIXED Reality News, COINTURK NEWS, Yahoo Finance, New York Times, and Variety
Threads: @daveleebbg. X: @yasminkhorram, @rebrand_as_y, @benz145, @ballmatthew, @munster_gene, @rjcaster, and @levynews
LinkedIn: Matt Mickelson and Rafael Brown
Forums: r/technology, r/technews, and Slashdot
| Allison Johnson / The Verge: |
Apple Intelligence in iOS 18.1 beta hands-on: meaningful Siri language understanding improvements and Siri text input is nice, but few other notable features — In iOS 18's latest developer preview, Siri gets a glow-up. Like, the whole phone actually glows around the edges when you invoke Siri.| Kate Conger / New York Times: |
Don Lemon sues Elon Musk and X, arguing Musk refused to pay him after a $1.5M/year exclusive X content deal fell apart; Lemon did not sign a formal contract — The former CNN reporter said in a lawsuit that X had refused to pay him after a testy interview with its billionaire owner.| Brian Steinberg / Variety: |
WBD, Disney, and Fox plan to launch their joint sports streaming venture Venu for $42.99 per month initially, with a seven-day free trial, expected in fall 2024 — Streaming sports on a stand-alone basis won't be cheap. … The service is expected to debut in the fall in conjunction with the start of the next NFL season.| Shirin Ghaffary / Bloomberg: |
OpenAI tells US lawmakers that it is “dedicated” to “rigorous safety protocols at every stage of our process” and is working with the US AI Safety Institute — OpenAI, responding to questions from US lawmakers, said it's dedicated to making sure its powerful AI tools …
More: TechCrunch, Neowin, Engadget, and Cybernews.com
X: @sama, @jeffladish, @kelseytuoc, and @basedbeffjezos
| Sam Sabin / Axios: |
The CISA names Lisa Einstein as its first chief AI officer; Einstein has been a senior AI adviser at the agency since 2023 and helped craft CISA's AI roadmap — - She had been a senior adviser at the agency since last year, focused on AI issues — she helped craft CISA's AI roadmap … | Alex Heath / The Verge: |
Reddit CEO Steve Huffman says Microsoft, Anthropic, and Perplexity need to pay to scrape Reddit's data, and blocking them has been “a real pain in the ass” — 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: 404 Media, HotHardware, Search Engine Land, Quartz, Ars Technica, TweakTown, Engadget, Livemint, Android Headlines, WinBuzzer, Bloomberg, Windows Central, and Neowin
Forums: r/OpenAI, r/technology, and Ars OpenForum
| Andrew Romero / 9to5Google: |
Telegram rolls out a Mini App Store to help users find apps, a new in-app browser that supports multiple tabs, and says mini apps have 500M+ out of 950M MAUs — Telegram is refining the in-app expereince, adding a new way to interact with the browser and a Mini App Store for native applications.| Frederic Lardinois / TechCrunch: |
Google Cloud expands its database portfolio with new AI capabilities, including updates to its Spanner SQL database, which now supports graph and vector search — Google is hosting a version of its Cloud Next conference in Tokyo this week, and it's putting the focus squarely on tweaking …
More: The New Stack, ZDNET, SiliconANGLE, InfoWorld, and InfoQ
| Tom Warren / The Verge: |
Discord on Xbox gets the ability to watch friends' Discord streams whether they're sharing from a PC, a phone, or an Xbox, rolling out over the coming weeks — Microsoft and Discord are greatly improving the integration of the communication platform into Xbox consoles.
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| Yoolim Lee / Bloomberg: |
Staff memo: Samsung's chip business head Jun Young-hyun warns Samsung risks getting into a “vicious cycle” if the company does not revamp its workplace culture — - Jun Young-hyun replaced his predecessor just a few months ago — It's trying to catch SK Hynix in the hot AI memory chip market
More: ExtremeTech and KED Global
| Sankalp Phartiyal / Bloomberg: |
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes — Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy.| Ivan Mehta / TechCrunch: |
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US — Google Thursday said that it is introducing new Gemini-powered features for Chrome's desktop version, including Lens for desktop …
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| Bloomberg: |
Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies farm out IT workers to exploit the US visa lottery system — Each year in April, the US government conducts a lottery that shapes the lives of hundreds of thousands of people — and America's future as an economic power.
X: @deedydas, @yask123, @ericfan_journo, @ericfan_journo, @ericfan_journo, and @ericfan_journo. LinkedIn: Viet Bui
Forums: Hacker News and r/Economics
| Cecilia D'Anastasio / Bloomberg: |
Roblox reports Q2 revenue up 31% YoY to $894M, bookings up 22% YoY to $995M, a $206M net loss, average DAUs up 21% YoY to 79.5M, projects Q3 bookings above est. — - Daily users jumped 21% in second quarter from a year ago — CFO Michael Guthrie stepping down to pursue personal interests
More: Barron's Online, RTÉ, TechRaptor, Roblox, and Benzinga
| Natasha Lomas / TechCrunch: |
The EU's AI Act takes effect, triggering compliance deadlines for a range of AI developers and apps; most provisions will be fully applicable by mid-2026 — It's official: The European Union's risk-based regulation for applications of artificial intelligence has come into force from Thursday, August 1, 2024.| Tales Azzoni / Associated Press: |
The Premier League, Bundesliga, DAZN, Sky, UEFA, CONMEBOL, and others write to X CEO Linda Yaccarino demanding more action against illegal soccer content on X — Some of Europe's main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino … | Katie Roof / Bloomberg: |
Protect AI, which develops software to help enterprises secure AI models and applications, raised $60M led by Evolution Equity Partners at a $400M valuation — The funding round, led by Evolution Equity Partners, values the startup at $400 million. New investors in the deal include 01 Advisors … | 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.
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X: @lmsysorg, @googledeepmind, @reach_vb, @googledeepmind, @gblazex, @chris_j_paxton, and @googledeepmind
LinkedIn: Wenjun Zeng and Ludovic Peran
| Reuters: |
UAE-based G42 is working with the US and Emirati government “to comply with the highest global standards” in AI, after US lawmakers questioned its China ties — UAE-based artificial intelligence company G42 is actively working with U.S. partners and the Emirati government to comply …
| Financial Times: |
Sources: the UK told tech companies the AI bill will make existing voluntary agreements legally binding and the AI Safety Institute into an Arm's Length Body — Minister assures tech firms that upcoming legislation will be highly targeted — UK tech secretary Peter Kyle … | Bloomberg: |
A look at Baidu's experiment with driverless taxis in Wuhan, which became China's biggest proving ground for Baidu's taxis due to a relaxed regulatory approach — Wuhan's experiment with driverless taxis could help China lead the world on the emerging technology. It also risks putting thousands of people out of work.| Jeff Wilser / Wired: |
A look at Hamster Kombat, a Telegram “mini-game” with 53M channel subscribers, the most on Telegram; in June 2024, Iran said the crypto game distracted voters — In June, Iranian authorities claimed the crypto game was distracting voters during the presidential election.| Mackenzie Hawkins / Bloomberg: |
Sources: the US considers unilateral restrictions on China's access to AI memory chips and equipment, to keep Micron, SK Hynix, and Samsung from supplying China — - SK Hynix and Samsung could be affected by the new US rule — China's AI memory chip capability lags behind global rivals
More: RTÉ, Semafor, Computerworld, The Korea Herald, Reuters, OC3D, TweakTown, Quartz, HotHardware, and Forbes
| 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 … Sponsor Posts
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