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Nvidia reports Q2 revenue up 122% YoY to $30B, vs. $28.7B est., forecasts Q3 revenue above est., and says it approved an additional $50B in share buybacks — Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.| Gaspard Sebag / Bloomberg: |
Pavel Durov is charged in France for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France — - Prosecutors set €5 million bail, ban Durov from leaving France — Telegram says CEO has ‘nothing to hide’ and seeks resolution| Politico: |
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Sources: OpenAI is in talks for a funding round valuing it above $100B; Thrive Capital is leading the round and will invest ~$1B, and Microsoft will also invest — Thrive Capital and Microsoft are among investors putting several billion dollars into ChatGPT maker| Abner Li / 9to5Google: |
Google rolls out Imagen 3 to all Gemini users and Gems, which allows the creation of custom Gemini chatbots, to Gemini Advanced, Business, and Enterprise users — Following the preview at I/O 2024 in May, Gemini is rolling out Gems, as well as Imagen 3, to Advanced subscribers. — Gems| Julia Love / Bloomberg: |
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Threads now lets users see and like fediverse replies on other posts besides their own, and posts submitted via Threads API will be syndicated to the fediverse — Threads is deepening its ties to the fediverse, also known as the open social web, which powers services like X alternative Mastodon … | Katherine Ross / Blockworks: |
OpenSea says the US SEC sent it a Wells notice calling NFTs sold on the platform securities; CEO Devin Finzer says the company is “ready to stand up and fight” — OpenSea CEO Devin Finzer said in a post on X that the company is “ready to stand up and fight”| Nate Raymond / Reuters: |
A US court rules TikTok must face a lawsuit over a 10-year-old's death and the “blackout challenge”, saying algorithmic curation isn't protected by Section 230 — A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral … | Jaspreet Singh / Reuters: |
CrowdStrike reports Q2 revenue up 32% YoY to $963.9M, vs. $958.6M est., and cuts its FY 2025 revenue and profit forecasts, after last month's Windows outage — CrowdStrike (CRWD.O) cut its annual revenue forecast on Wednesday, in a sign that demand for its cybersecurity products could have taken … | David Pierce / The Verge: |
ESPN launches a Where to Watch feature on its website and app, which aims to be a universal guide for streaming sports with data from 250+ streaming services — ESPN's newest feature will be a welcome bookmark for sports fans everywhere: the company just launched “Where to Watch,” … | Brody Ford / Bloomberg: |
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+ — - Delay follows Hindenburg short alleging ‘accounting red flags’ — Shares of the server maker tumbled after trading opened| Larry Dignan / Constellation Research: |
Salesforce reports Q2 revenue up 8% YoY to $9.33B, vs. $9.23B est., net income of $1.43B, compared to $1.27B a year ago, and says CFO Amy Weaver will step down — Salesforce reported better than-expected second-quarter results but revenue growth was up 8%. CFO Amy Weaver will also step down.| Sylvia Varnham O'Regan / The Information: |
Sources: Meta plans to release a new MR device codenamed Puffin in 2027, resembling a bulky pair of glasses with a second unit for battery and computing power — Meta Platforms is planning a new mixed reality device that resembles a bulky pair of glasses, according to two Meta employees.| Brody Ford / Bloomberg: |
HP reports Q3 revenue up 2.4% YoY to $13.5B, vs. $13.4B est., Printing revenue down 3% to $4.14B, and increases its share repurchase authorization to $10B — - Printer declines expected through end of year, CEO says — Company reports that business PC sales gained momentum| Andy Greenberg / Wired: |
Q&A with Signal President Meredith Whittaker on the app's 10th anniversary, its EU focus, being a nonprofit, Pavel Durov's arrest, X, the US election, and more — On its 10th anniversary, Signal's president wants to remind you that the world's most secure communications platform is a nonprofit.
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