9:50 PM • | 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 |
8:50 PM • | Josh Sisco / Politico: Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, on antitrust grounds |
8:25 PM • | 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 |
8:15 PM • | Reuters: Amazon forecasts Q3 revenue below estimates and reports slowing online stores sales growth of 5% YoY in Q2 to $55.4B, vs. a growth of 7% in Q1; AMZN drops 10%+ |
7:45 PM • | Ciara Linnane / MarketWatch: Twilio reports Q2 revenue up 4% YoY to $1.08B, vs. $1.06B est., 316K+ active customer accounts as of June 30, vs. 304K+ a year ago; TWLO jumps 5%+ |
7:10 PM • | Yuvraj Malik / Reuters: Cloudflare reports Q2 revenue up 30% YoY to $401M, vs. $394.7M estimated, and raises its full-year 2024 forecast |
6:35 PM • | Nikkei Asia: Apple reports Q3 revenue down 6.5% YoY to $14.7B in Greater China, up 5.7% YoY to $5.1B in Japan, and up 13.5% YoY to $6.4B in the rest of Asia-Pacific |
6:10 PM • | Bill Donahue / Billboard: Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying using proprietary music to train AI models is fair use |
5:40 PM • | 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 |
5:25 PM • | 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 |
5:15 PM • | Alex Weprin / The Hollywood Reporter: Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 14% YoY to $24.21B, vs. $23.96B estimated, a new record |
5:10 PM • | Lucas Manfredi / The Wrap: Roku reports Q2 revenue up 14% YoY to $968.2M vs. $935.3M estimated, a net loss of $33.95M vs. $107.6M in Q2 2023, and 83.6M streaming households, up 2M from Q1 |
5:00 PM • | 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 |
4:45 PM • | 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 |
4:40 PM • | Todd Spangler / Variety: Amazon reports Q2 ad revenue up 20% YoY to $12.77B, vs. $13B estimated |
4:31 PM • | 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 |
4:31 PM • | 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 |
4:30 PM • | 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 20%+ |
4:25 PM • | Jordan Novet / CNBC: Amazon reports Q2 AWS revenue up 19% YoY to $26.28B, vs. $26.02B est., and AWS operating income of $9.33B, vs. $8.51B est., up from $5.37B in Q2 2023 |
4:20 PM • | Granth Vanaik / Reuters: DoorDash reports Q2 revenue up 23% YoY to $2.63B vs. $2.54B est., total orders up 19% to $635M, forecasts Q3 core profit above est.; DASH jumps 9%+ |
4:10 PM • | Jordan Novet / CNBC: Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B estimated, Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 25%+ |
4:02 PM • | 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 |
3:55 PM • | 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 |
3:25 PM • | 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 |
3:00 PM • | 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 |
2:45 PM • | Tobias Mann / The Register: A UK court sides with Intel in a patent dispute brought by R2 Semiconductor; R2 has filed similar suits against Intel in Germany, France, and Italy |
2:20 PM • | Associated Press: A Montenegro appeals court upholds a ruling to hand over Terraform Labs co-founder Do Kwon to South Korea, rejecting a bid to extradite him to the US |
2:00 PM • | 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 |
1:50 PM • | CyberScoop: The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia |
1:40 PM • | 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 |
12:30 PM • | Mike Scarcella / Reuters: A US judge dismisses a 2022 lawsuit accusing Google of misdirecting the RNC's emails to Gmail's spam folder, saying the party had not made an adequate case |
12:15 PM • | 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 |
12:00 PM • | 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 |
11:50 AM • | 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 |
11:25 AM • | 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 |
11:15 AM • | 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 |
11:00 AM • | 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 |
10:35 AM • | 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 |
9:15 AM • | Bart Meijer / Reuters: The European Commission unconditionally approves HPE's $14B takeover of networking gear maker Juniper Networks after finding no competition concerns |
9:05 AM • | 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. |
8:50 AM • | 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 |
8:30 AM • | Alyssa Boyle / AdExchanger: Outbrain confirms plans to acquire Teads from Altice, in a transaction valuing the SSP and video monetization company at ~$1B; Outbrain will pay $725M in cash |
8:10 AM • | 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 |
7:50 AM • | Natasha Lomas / TechCrunch: The EU's AI Act takes effect, triggering staggered compliance deadlines for various AI developers and apps; most provisions will be fully applicable by mid-2026 |
7:35 AM • | 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 |
7:10 AM • | 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 |
6:55 AM • | 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 |
6:40 AM • | 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 |
6:25 AM • | 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 |
6:10 AM • | Chris Kay / Financial Times: Infosys confirms that Indian authorities hit the IT giant with a ~$3.9B tax demand, covering July 2017 to March 2022, the latest company to be handed a tax bill |
5:55 AM • | 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 |
5:40 AM • | 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 |
4:35 AM • | Yazhou Sun / Bloomberg: Some UK business leaders and academics worry the UK rejecting a record number of Chinese students due to fears of espionage puts the UK's tech ambitions at risk |
3:55 AM • | Bloomberg: A look at Baidu's driverless taxi experiment in Wuhan, which became China's biggest proving ground for Baidu's taxis partly due to a relaxed regulatory approach |
2:15 AM • | 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 |
2:00 AM • | Kyle Wiggers / TechCrunch: OpenSecrets: the number of groups lobbying the US government on AI grew from 459 in 2023 to 556 in H1 2024; OpenAI spent $800K in H1 2024, up from $260K in 2023 |
1:35 AM • | Bloomberg: While jointly owning less than 1%, the number of retail TSMC shareholders hit a new high in 2024, as locals believe TSMC's success helps Taiwan fend off China |
12:45 AM • | Reuters: Document: FirstCry, India's leading e-commerce platform for baby products, is seeking to raise up to $501M in an IPO, valuing the company at as much as $2.9B |