Techmeme
August 29, 2024, 9:35 AM

Top News

Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 122% YoY to $30B, above $28.7B est., forecasts Q3 revenue above est., and approves 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.
Bloomberg:
Financial Times:
Gaspard Sebag / Bloomberg:
France charges Pavel Durov for complicity in the spread of CSAM and other crimes on Telegram; prosecutors set a €5M bail and ban him from leaving France  —  - Pavel Durov isn't responsible for crimes on app, lawyer says  — Durov out of detention on €5 million bail; can't leave France
Sarah Perez / TechCrunch:
Automattic plans to shift Tumblr's backend over to WordPress, in a bid to make sharing work across the platforms easier, after buying Tumblr for $3M in 2019  —  Tumblr is making the move to WordPress.  After its 2019 acquisition by WordPress.com parent company Automattic in a $3 million fire sale …
Sarah Perez / TechCrunch:
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 …
Wall Street Journal:
Sources: OpenAI is in talks to raise funding at a $100B+ valuation; 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
Nico Grant / New York Times:
Yelp sues Google, alleging Google used its dominance in general search to gain an unfair advantage in local search services and local search advertising markets  —  Yelp complained for more than a decade that Google tilted the search market in its favor.  After its rival's landmark legal loss, it finally decided to sue.
Alex Isenstadt / Politico:
In his upcoming book, Trump says Mark Zuckerberg plotted against him during the 2020 election and he'd “spend the rest of his life in prison” if he did it again  —  The Meta CEO earlier this week asserted that Biden administration tried to “pressure” the company to downplay content about Covid.
Eric Slivka / MacRumors:
Kuo: in the 2025 iPhone lineup, only the iPhone 17 Pro Max will have 12GB DRAM and an upgraded cooling system combining vapor chamber tech and graphite sheets  —  Just a day after a noted leaker on Chinese microblogging site Weibo suggested the iPhone 17 lineup in 2025 could see an upgrade …
Jason Schreier / Bloomberg:
Sources: Bungie fired Chris Barrett, a former top executive, in March 2024 after he was accused by several female employees of inappropriate behavior  —  Veteran developer who worked on hit video game franchises Halo and Destiny was directing the next major title, Marathon.
Zack Whittaker / TechCrunch:
Google says Russia-linked APT29 is using exploits that are “identical or strikingly similar” to those previously made by spyware makers Intellexa and NSO Group  —  Google says it has evidence that Russian government hackers are using exploits that are “identical or strikingly similar” …
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 July'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 …
Anna Tong / Reuters:
California's State Assembly passes the AI safety bill SB 1047, which now goes back to the Senate for a process vote before requiring Governor Newsom's signature  —  California lawmakers passed a hotly contested artificial-intelligence safety bill on Wednesday, after which it will need …
Ben Weiss / The Verge:
Documents and sources detail OpenSea's chaotic work environment, ever-shifting priorities, and regulatory issues, as the SEC and FTC make inquiries  —  The rise and fall of NFTs made and unmade OpenSea — the largest marketplace for the crypto asset.  But insider accounts of the company reveal …
Katherine Ross / Blockworks:
Tianyu Fang / Rest of World:
As Chinese EV manufacturers consolidate and close, EV owners say they're losing access to smartphone app updates and features that rely on cloud services  —  As Chinese EV makers close, drivers of “smartphones on wheels” say software updates and maintenance are in jeopardy.
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

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