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August 1, 2024, 10:55 PM
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| Apple Inc.: |
Apple reports Q3 revenue up 5% YoY to $85.8B, net income up 8% to $21.4B, Americas net sales up 6% to $37.7B, and Europe net sales up 8% to $21.9B — June quarter records for Revenue and EPS Services revenue reaches new all-time high — Apple® today announced financial results …
More: Thurrott, Benzinga, The Guardian, Associated Press, New York Times, Reuters, The Wrap, Business Insider, BGR, Cult of Mac, MarketWatch, Shacknews, Wccftech, and SiliconANGLE
| Kif Leswing / CNBC: |
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B — Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations, with overall revenue rising 5%.
More: Moneycontrol, PYMNTS.com, Six Colors, 9to5Mac, CNBC, MacRumors, Supercharged, Ars Technica, MacRumors, TechCrunch, 9to5Mac, Neowin, The Information, Constellation Research, Macworld, The Apple Post, Yahoo Finance, Bloomberg, Wall Street Journal, 9to5Mac, iThinkDifferent, Spyglass, The Verge, and Wccftech
Threads: @dcurtis and @moonandmidnightthe_cats
X: @cnbc, @benbajarin, @pkedrosky, @greengart, @neilcybart, @reuters, @munster_gene, @munster_gene, @benbajarin, @sarthakgh, and @9to5mac
LinkedIn: Emil Protalinski and Kif Leswing
Forums: r/apple and MacRumors Forums
| Alex Weprin / The Hollywood Reporter: |
| Dean Takahashi / VentureBeat: |
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024 — Intel announced that it will lay off 15% of its workforce as part of a broad cost-reduction program.
More: Intel, The Verge, AnandTech, Intel, TechCrunch, Thurrott, SiliconANGLE, Washington Post, Tom's Hardware, The Register, Associated Press, UPI, Silicon Valley Business …, CRN, Phoenix Business Journal, Engadget, Investopedia, Mercury News, PCMag, Irish Examiner, CTech, RTÉ, Axios, Bloomberg, Reuters, PCWorld, PetaPixel, and Benzinga
Threads: @carnage4life. X: @patrickmoorhead, @whatthebit, @trungtphan, @ryansmithat, @ryansmithat, @durvidimel, and @sarahfrier
Forums: r/technews, r/technology, r/Israel, r/Ohio, and r/Portland
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B est., Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 17%+ after hours — Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees …
More: Yahoo Finance, Australian Financial Review, AnandTech, Business Insider, Associated Press, New York Times, Originally Reported …, Investor's Business Daily, Neowin, Financial Times, TipRanks Financial, 9News, Shacknews, Intel, Wall Street Journal, and Constellation Research
X: @divestech, @carnage4life, @anshelsag, @durvidimel, @tomwarren, @markhachman, @ldignan, @mikeisaac, @thestalwart, @mackhawk, and @nicholasabrown_
Forums: Hacker News, r/hardware, and r/intel
| Amazon.com, Inc.: |
Amazon reports Q2 revenue up 10% YoY to $148B, a $13.5B net income, vs. $6.7B YoY, $14.7B operating income, vs. $7.7B YoY, subscription sales up 10% to $10.9B — Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024.| Chance Miller / 9to5Mac: |
Apple files a motion to dismiss the US DOJ's antitrust lawsuit, arguing the lawsuit has not demonstrated anticompetitive conduct and would harm innovation — Apple has officially filed a motion to dismiss the Department of Justice's antitrust lawsuit filed in May. Apple argues the case … | Jordan Novet / CNBC: |
In its annual report, Microsoft adds OpenAI as a competitor in AI offerings and search and news advertising; OpenAI unveiled its prototype SearchGPT last week — Microsoft's relationship with OpenAI has officially become more complicated. — On Tuesday, Microsoft added …
More: TechCrunch, PYMNTS.com, The Register, U.S. Securities and Exchange Commission, Wall Street Journal, and ZDNET
Forums: Hacker News, r/microsoft, and Slashdot
| Bill Peters / MarketWatch: |
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations — Stock is still up this year, as investors digest the prospect of easing regulations — Coinbase Global Inc. on Thursday reported …
More: Coinbase, Decrypt, Investor's Business Daily, The Information, Unchained, Quartz, Bloomberg, Crypto Briefing, Blockworks, Bitcoin Insider, CoinDesk, and Reuters
X: @theflowhorse and @jevgenijs
| Bill Donahue / Billboard: |
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying their use of proprietary music to train AI is fair use — In their first responses to the sweeping copyright lawsuits that could define AI music, lawyers for Suno and Udio don't exactly hold back.
More: TorrentFreak, Suno, Engadget, TechCrunch, 404 Media, Reuters, Axios, Rolling Stone, CMU, and Bloomberg
Bluesky: @andimann.bsky.social. X: @riaa, @mikeyshulman, @riaa, @jason_koebler, @ednewtonrex, @suno_ai_, @robertfreundlaw, and @tprstly
| 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 …
More: The Keyword, Google Chrome on YouTube, The Verge, 9to5Google, Laptop Mag, Android Police, The Verge, AppleInsider, Cult of Mac, iDownloadBlog.com, Android Central, Social Media Today, MacRumors, Macworld, How-To Geek, PCWorld, Trusted Reviews, iClarified, SiliconANGLE, Engadget, Chrome Unboxed, iPhone in Canada Blog, ZDNET, Tom's Guide, and Search Engine Journal
| Zac Hall / 9to5Mac: |
The Twitter for Mac app appears to have been delisted from the App Store; some users say their X accounts were suspended after using the X for iPad app on macOS — As noted by Vedant, the official Twitter for Mac app is currently missing from the Mac App Store.
More: TechCrunch, LifeHacker, iMore, Spyglass, Macworld, and Trusted Reviews
Forums: r/mac and r/technology
| MacKenzie Sigalos / CNBC: |
Block reports Q2 revenue up 11% YoY to $6.16B, vs. $6.28B est., Square profit up 15% to $923M, Cash App profit up 23% to $1.3B, and raises its FY 2024 guidance — Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.| Josh Sisco / Politico: |
Sources: the US DOJ is investigating Nvidia's acquisition of Israeli AI infrastructure orchestration and management service Run:ai on antitrust grounds — The investigation adds to the global pressure by regulators to prevent control of artificial intelligence by just a handful of the world's largest technology companies.
More: The Information, Financial Times, Reuters, Channel NewsAsia, nationalinterest.org, and Asia Financial. X: @joshua_sisco
| Akash Sriram / Reuters: |
Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 revenue below expectations; SNAP drops 15%+ after hours — Snap (SNAP.N) forecast current-quarter sales and adjusted core earnings below market expectations on Thursday as the Snapchat owner grapples …
More: Capital Brief, Bloomberg, Investing.com, The Information, Snap Inc., and Social Media Today
| David Shepardson / Reuters: |
A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge — A U.S. appeals court on Thursday blocked the Federal Communications Commission's reinstatement of landmark net neutrality rules …
More: The Verge, Reuters, Fast Company, Bloomberg Law, Broadband Breakfast, Cord Cutters News, and Telecompetitor
Forums: r/technology and r/politics
| MK Manoylov / The Block: |
Morpho, a decentralized lending developer, raised $50M led by Ribbit Capital, after raising an undisclosed sum earlier in 2024, and $18M in 2022 — - The venture firm Ribbit Capital led a $50 million funding round for the decentralized lending developer Morpho Labs.
More: Morpho, CoinDesk, Cointelegraph, Cryptonews, and crypto.news
| Jason Koebler / 404 Media: |
Rabbit says a June security breach was caused by an employee who leaked API keys and has since been terminated, and it has revoked and rotated those API keys — AI personal assistant device company Rabbit said this week that a June hack of its systems was an “isolated incident [that] … | CyberScoop: |
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia — The U.S. government has released at least two Russian nationals behind some of the most notorious cybercrimes of the past decade.
More: Ars Technica, Krebs on Security, The Register, The Record, CNBC, NBC News, New York Post, BusinessLIVE, The Cyber Express, Washington Post, Nextgov/FCW, and SecurityWeek
X: @emptywheel and @eamonjavers
Forums: r/cybersecurity, r/13KeysToTheWhiteHouse, r/law, r/inthenews, and Slashdot
| Paul Alcorn / Tom's Hardware: |
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues — Trying to build goodwill. — Intel told us today that it will extend the warranty on its boxed Intel Core 13th- and 14th-Gen processors by two additional years.| Kenrick Cai / Reuters: |
Contextual AI, which offers retrieval augmented generation tools for enterprises, raised an $80M Series A led by Greycroft; PitchBook values Contextual at $609M — Contextual AI, a startup that sells a tool to improve the performance of artificial intelligence models, raised $80 million through …
| Yuvraj Malik / Reuters: |
Cloudflare reports Q2 revenue up 30% YoY to $401M, vs. $394.7M est., and raises its full-year 2024 forecast; NET jumps 10%+ after hours — Software company Cloudflare (NET.N) raised its annual revenue and profit forecast on Thursday after a strong quarter, sending its shares up 9% in post-market trading.| Alex Heath / The Verge: |
On Meta's earnings call, Mark Zuckerberg said Llama 4 will need almost 10x more compute to train than Llama 3.1, Quest 3 sales exceeded expectations, and more — Meta's second quarter earnings continue the same story from the previous quarter: generative AI may be here, but it's going to take a long time to make money.
More: Meta Investor Relations, The Register, TechCrunch, The Decoder, Observer, AI News, Fortune, Neowin, UploadVR, Android Central, and Associated Press
Threads: @vocino, @karelbaloun, @mostly.borrowed.ideas, @karissabe, and @alexheath
| 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.
More: Venu Sports, The Verge, Reuters, Bloomberg, CNBC, Android Authority, CNBC, BGR, NBC News, The Streamable, Business Insider, New York Post, TechHive, How-To Geek, Tom's Guide, Droid Life, AFTVnews, PCMag, Engadget, Android Headlines, Spyglass, iClarified, USA Today, StreamTV Insider, CNET, Associated Press, and Quartz
X: @pkafka, @mgsiegler, @sherman4949, @lucas_shaw, @pkafka, and @richlightshed. Forums: r/television
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