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ByteDance's (TikTok parent) revenue +40% to $29B in Q2

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Top stories today:

  1. ByteDance's (TikTok parent) revenue +40% to $29B in Q2
  2. Google Deepmind unveils GraphCast, AI weather forecaster
  3. visionOS beta 6 gets new onboarding videos
  4. Buffett makes little changes to Berkshire's portfolio
  5. Israel begins “targeted operation” at Gaza's largest hospital

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. ByteDance's (TikTok parent) revenue +40% to $29B in Q2

2. Google Deepmind unveils GraphCast, AI weather forecaster said to be most accurate system worldwide

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4. visionOS beta 6 gets new onboarding videos, as Telegram unveils app

Telegram founder Durov posted a short video showcasing their Vision Pro app

Read more: 9to5Mac.

5. Buffett makes little changes to Berkshire's portfolio, trimming Chevron by 10%

6. Israel begins “targeted operation” at Gaza's largest hospital

7. ChatGPT Plus sign-ups paused after “surge in usage post-DevDay”

8. Global net interest payments by governments to hit $2B in 2023

9. Interesting videos, posts, and memes

10. Other headlines


  • Airbnb acquires Gameplanner.AI for $200M.

  • Notion launches AI Q&A feature for $8-$10/mo.

  • OfferFit raises $25M for AI A/B testing.

  • Hypertype is the best AI that answers emails using your company data.*



  • Khosla Ventures raising $3B: $0.5B seed, $1.6B venture, $0.9B growth.

  • Nothing Phone 2 gives you iMessage on Android that produces blue bubbles.

  • Former YC Continuity head targets $350M growth fund.

  • Huawei claims world's fastest (1.2 Tbps) internet, after Nokia's similar claim.

  • JD's revenue +2% YoY to $34.2B in Q3.

  • Tencent's revenue +10% to $21.4B.

  • Sidebar is a leadership program that accelerates your career.*

  • The CEO Report: become a better leader by subscribing, 100% free.*


Tech & law

  • Alphabet CEO Pichai returns to stand at Epic v. Google trial.

  • Foxconn preps for backlash as founder runs for Taiwan presidency.

  • Social media companies must face addiction suits, judge rules.

  • Yandex likely to sell all Russian assets at once, after Kremlin pressure.

  • Adobe, Figma deal continues to be delayed by EU.

  • Microsoft, Google will not challenge EU's “gatekeeper” status.



  • Miami could replace NYC as finance capital: Ken Griffin.

  • Business Insider reverts to old name, founder Blodget steps down as CEO.

  • Guardian expects $33M in digital reader revenue for FY24.

  • Defector reports $4.5M in yearly revenue, +18% YoY.


  • Crypto.com raises $110M at less than 50% its previous $14B valuation.

  • Magic: NFTs increasingly leveraged for customer loyalty programs.*


U.S. politics

  • Shutdown averted in House on bipartisan basis: 209 Dems, 127 Reps.

    • Ukraine aid must be tied to spending cuts: speaker Johnson.

  • Trump to remain on Michigan ballot after another judge rejects 14A ban.

  • Tuberville's military holds broken by Senate Dems.

  • Gaetz calls for House Ethics probe into McCarthy.


  • Xi, Biden meeting to focus on Taiwan, fentanyl, economy, AI.

  • Xi to meet Elon, Citi CEO at dinner.

  • Taliban has 1 American in custody.

  • Plan B Passport: learn how you can obtain one.*


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