Tech SK Hynix reports Q2 revenue down 47% YoY to ~$5.7B, beating an average projection of ~$4.7B, and a ~$2.3B operating loss, in line with expectations (Bloomberg)
Tech Sources: the FTC is finalizing its antitrust suit against Amazon and is likely to file its case in federal court rather than its own tribunal as soon as August (Josh Sisco/Politico)
Tech Flashbots, whose service proposes blocks for validators running the Ethereum blockchain, raised a $60M Series B led by Paradigm at a $1B valuation (RT Watson/The Block)
Tech Emails: X offers discounts on new video ads in the US and UK and warns advertisers that they will lose verified status unless they reach spending thresholds (Wall Street Journal)
Tech Alphabet reports Q2 Google ad revenue of $58.14B, growing 3% YoY after two consecutive quarters of falling ad sales (Miles Kruppa/Wall Street Journal)
Tech Microsoft reports Q4 net income up 20% YoY to $20.1B, revenue up 8% YoY to $56.2B, Office Commercial up 12% YoY, Dynamics 365 up 26% YoY, and LinkedIn up 5% YoY (Microsoft – Investor Relations)
Tech The Browser Company launches Arc on macOS and iOS after a two-year waitlist; the browser helps users take notes, redesign webpages, organize tabs, and more (David Pierce/The Verge)
Tech As open web advocates raise concerns over the Web Environment Integrity proposal, a look at a similar Apple system shipped in 2022 to make Captchas unnecessary (Tim Perry/HTTP Toolkit)
Tech OpenAI releases ChatGPT for Android in the US, Bangladesh, and Brazil, and plans to launch in more countries next week (Richard Lawler/The Verge)
