Contemplations News
This is the latest addition to our website, and its purpose is to help you stay in touch with current news posts. Click on any post to read the full text.
- Block reports Q2 revenue up 9% YoY to $6.62B, vs. $6.49B est., Cash App gross profit up 31% to $1.97B, and raises its FY 2026 gross profit forecast (Manya Saini/Reuters)
- 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)
- 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)
- 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)
- 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)
- 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)
- 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)
- 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)
- 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)
- Salesforce appoints Miguel Milano, its chief revenue officer, as COO; Chief Operating and Financial Officer Robin Washington will keep her title (Jordan Novet/CNBC)
- Nikita Bier says he will step back from leading product for X and continue as an adviser (Nikita Bier/@nikitabier)
- 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)
- 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)
- 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)
- 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)
- 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)
- Source: Yunfeng Capital, a PE firm co-founded by Jack Ma, invested ~$30M in AI insurance tech startup Corgi; Corgi CEO says the firm "did not invest in us" (Business Insider)
- Mysk: Apple's Private Relay tool can leak users' IP addresses due to issues in Apple's WebKit browser engine, also affecting OnionBrowser, a Tor browser for iOS (Joseph Cox/404 Media)
- Reddit expands its test of Rules Hub, a suite of tools that rely on LLMs to help moderators manage their communities, and plans a full launch later this year (Jay Peters/The Verge)
- Hark, founded by Figure AI CEO Brett Adcock, previews Handoff, a computer use agent it says outperforms GPT-5.4 and Opus 4.8, and plans for a summer release (Ivan Mehta/TechCrunch)