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 …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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
Posted from: this blog via Microsoft Power Automate.
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.
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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” …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.
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 …
Posted from: this blog via Microsoft Power Automate.