The Brutalist Report - tech
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- No new articles in the Past 6 Hours.
- Canadian national Connor Moucka pleads guilty to participating in the 2024 Snowflake hacks involving data theft from at least 165 companies, including AT&T (Jonathan Greig/The Record) [5d]
- Sources: Demis Hassabis had been drifting away from day-to-day duties as Google DeepMind CEO for at least a year and struggled to find satisfaction in the role (Reed Albergotti/Semafor) [5d]
- Figma reports Q2 revenue up 48% YoY to $370.1M, vs. $351.6M est., and lifts annual revenue forecast but keeps profit outlook intact; FIG drops 15%+ after hours (Deborah Mary Sophia/Reuters) [5d]
- Source: Muse Spark 1.1 model breached a company's systems during cybersecurity testing; Meta says evaluation partner Irregular caused a sandbox misconfiguration (Jyoti Mann/The Information) [5d]
- Sandisk reports Q4 revenue up 372% YoY to $8.97B, vs. $8.48B est., and forecasts Q1 revenue below estimates; SNDK drops 5%+ after hours (Britney Nguyen/MarketWatch) [5d]
- Duolingo reports Q2 revenue up 18% YoY to $298.5M, paid subscribers up 17% to 12.7M, below est., forecasts Q3 revenue below est.; DUOL drops 11%+ after hours (Akash Sriram/Reuters) [5d]
- DoorDash reports Q2 marketplace gross order value up 36% YoY to $33.08B, vs. $32.08B est., and forecasts Q3 marketplace GOV and adjusted EBITDA above estimates (Neil J Kanatt/Reuters) [5d]
- Binance affiliates are suing RedotPay's founders for allegedly diverting 470K+ users to a competing product in a "fraudulent scheme", claiming $472.8M in losses (Bloomberg) [5d]
- Salesforce appoints Miguel Milano, its chief revenue officer, as COO; Chief Operating and Financial Officer Robin Washington will keep her title (Jordan Novet/CNBC) [5d]
- Nikita Bier says he will step back from leading product for X and continue as an adviser (Nikita Bier/@nikitabier) [5d]
- eBay reports Q2 revenue up 15% YoY to $3.13B, vs. $3.02B est., GMV up 15% to $22.4B, and forecasts Q3 revenue above estimates (Reuters) [5d]
- Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (Annie Palmer/CNBC) [5d]
- Meta is offering a cheaper Muse Spark 1.2 "contributor" tier priced at $0.10/1M input and $0.20/1M output tokens in exchange for using user prompts for training (Wall Street Journal) [5d]
- Filing: Microsoft recorded $24.1B in revenue from OpenAI during the year ended in June, suggesting OpenAI accounted for more than half of Microsoft's AI sales (Bloomberg) [5d]
- Meta releases Muse Code in beta, a terminal coding agent powered by Muse Spark 1.2, a coding-focused model priced at $1.25/1M input and $4.25/1M output tokens (Jonathan Vanian/CNBC) [5d]
- Source: Yunfeng Capital, a PE firm co-founded by Jack Ma, invested ~$30M in AI insurance tech startup Corgi, leading a round that reportedly valued Corgi at $4B (Business Insider) [6d]
- No new articles in the Past 6 Hours.
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