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Top stories today:
- NVIDIA Q2 revenue +56% to $46.7B, net income +59% to $26.4B
- OpenAI, Anthropic publish joint safety test results
- 4chan, Kiwi Farms sue UKās Ofcom in U.S. court over Online Safety Act
- Google Vids adds AI avatars, transcript trimming, image-to-video tools
- Vercelās valuation ~3xād to $9B with Accel investment
- COVID-19 shots approved by FDA with new limits
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. NVIDIA Q2 revenue +56% to $46.7B, net income +59% to $26.4B as AI boom continues
Sold no H2 chips to China during the quarter and assumes the same for Q3, NVIDIA said.
Could realize $2B-$5B in H20 sales in Q3 if geopolitical issues are resolved.
-2% in NVIDIAās stock in pre-market trading as data center revenue missed market expectations.
Growth has been decelerating since Q4 2024, even as NVIDIA marks 9 straight quarters of 50%+ YoY revenue
NVIDIA has remained the worldās top company by market cap
$2.2B in Q2 ānet other incomeā driven by āgains in a publicly-held equity security,ā said NVIDIA CFO, referring to its position in CoreWeave.
2. OpenAI, Anthropic publish joint safety test results to spot model blind spots
Anthropicās Claude Opus 4 and Sonnet 4 declined up to 70% of uncertain questions with disclaimers, while OpenAIās o3 and o4-mini refused far fewer:
Examples of āextremeā sycophancy in GPT-4.1 and Claude Opus 4 identified in Anthropicās testing.
Claude 4 models resisted system prompt extraction and matched o3 with perfect password protection scores
Claude Opus 4 and Sonnet 4 outperformed o3 in resisting conflicting prompts
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*Disclaimer: We have equity in Athyna.
4. 4chan, Kiwi Farms sue UKās Ofcom in U.S. court over Online Safety Act fines
Representational image generated using ChatGPT.
