Bloomberg : Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC s...
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 …
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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 …
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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.
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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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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.
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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 — Qualcomm Inc., the world's biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding.
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Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020 — Meta's ambitious plans to develop the metaverse is still costing the company billions of dollars a quarter.
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Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72% YoY to $472M, and royalty revenue up 17% YoY to $467M — - Company doesn't boost outlook despite topping earnings views — CEO says weakness in certain markets is offsetting sales gains
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Bungie announces it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent Sony Interactive Entertainment — “Today is a difficult and painful day.” — Destiny developer Bungie has today announced significant cuts at the studio …
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Meta reports Q2 revenue up 22% YoY to $39.07B, net income up 73% YoY to $13.47B, and family daily active people up 7% YoY to 3.27B on average for June 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2024.
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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.
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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.
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Nvidia shares jump 10%+ 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 more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled no slowdown …
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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.
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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 …
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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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Milan-based mobile app developer Bending Spoons acquires Dutch file-sharing service WeTransfer, which backed out of an IPO in 2022, without disclosing terms — - European app developer has bought Evernote and pursued Vimeo — Dutch firm WeTransfer pulled out of a potential IPO in 2022
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Interviews with 24 current and former Amazon staff say Jeff Bezos' Amazon Way principles remain core under Andy Jassy but are now less universally agreed upon — When Amazon ordered most workers back to the office three days a week in February 2023, Pamela Hayter was not happy about the end of a popular pandemic-era arrangement.
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Etsy plans to launch Etsy Insider, its first loyalty program, in September 2024 to boost sales; CEO Raina Moskowitz says it will cost about the price of a latte — Etsy said Wednesday it will begin testing its first-ever loyalty program in September, a move designed to boost …
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Germany blames China for a “serious” 2021 cyberattack on its government agency for precision mapping, after a three-year investigation by its security services — Berlin says Beijing behind 2021 hack on precision mapping agency — Germany has blamed China for a “serious” …
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Zimperium: a massive SMS stealer campaign has 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 …
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Amazon sues Nokia in Delaware federal court, accusing Nokia of infringing 12 AWS cloud computing patents; Nokia will “review these matters and defend ourselves” — Amazon.com (AMZN.O) sued Nokia (NOKIA.HE) in Delaware federal court on Tuesday, accusing the Finnish telecom company …
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Delta Air Lines CEO Ed Bastian says the CrowdStrike outage will cost the company $500M, after canceling 6,000+ flights, and Delta will seek damages — Atlanta-based carrier faces US government investigation over its handling of disruption — Delta Air Lines chief executive Ed Bastian …
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Google rolls out new 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 …
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Spotify plans to expand the availability of lyrics for Spotify Free users in the “coming weeks”; paid subscribers could access unlimited lyrics since May 2024 — The company capped access at three songs per month in May. — Spotify users who don't pay for a subscription …
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