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October 25, 2023, 9:45 AM
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memeorandum
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| Alphabet: |
Alphabet reports Q3 revenue up 11% YoY to $77B, net income up 42% YoY to $19.7B, and Google ad revenue up 9% YoY to $59.65B; GOOG drops 8%+ on cloud sales miss — MOUNTAIN VIEW, Calif. - October 24, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2023.
More: The Verge, The Register, Hindustan Times, NS Business, Music Ally, PhoneArena, SiliconANGLE, Variety, Search Engine Journal, PYMNTS.com, Cord Cutters News, Invezz, Shacknews, Thurrott, Android Central, Search Engine Land, and Neowin
Threads: @carnage4life and @tookthescenicroute
X: @thetranscript_, @lexnfx, @jessecoheninv, @thestalwart, @economyapp, and @rihardjarc. Forums: Hacker News
| Akash Sriram / Reuters: |
| Microsoft: |
Microsoft reports Q1 revenue up 13% YoY to $56.5B, net income up 27% YoY to $22.3B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 8% YoY — REDMOND, Wash. — October 24, 2023 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2023 … | Jordan Novet / CNBC: |
| Lauren Feiner / CNBC: |
A bipartisan group of 42 attorneys general sue Meta in the US, alleging that Facebook and Instagram features are addictive and aimed at kids and teens — - A bipartisan group of 42 attorneys general is suing Meta, alleging features on Facebook and Instagram are addictive and are aimed at kids and teens.
More: Washington Post, Ars Technica, New York Times, NY State Attorney General, Reuters, Wall Street Journal, Associated Press, Tech Policy Press, State of California, SiliconANGLE, NPR, Quartz, Financial Times, Mass.gov, KFF Health News, WinBuzzer, WSHU, NBC 7 San Diego, CNN, Jefferson Public Radio, Proactiveinvestors NA, Platformer, WEAU-TV, Punch Newspapers, Washington State, MyNorthwest.com, masslive.com, The Independent, ABC News, iPhone in Canada Blog, NBC News, Fortune, CBS News, The Wrap, Chicago, IL Patch, Deadline, People, The Information, The Messenger, MarketWatch, Washington Examiner, Yahoo News, and Bloomberg
Threads: @randiweingarten, @datadrivenmd, @datadrivenmd, @datadrivenmd, @datadrivenmd, @datadrivenmd, @datadrivenmd, @taylorlorenz, @datadrivenmd, @thatadamguy, and @willoremus
X: @zachpraiss, @jason_kint, @agwilliamtong, @westvirginiaag, @viacristiano, @govcox, @lynnfitchag, @agandrewbailey, @agrobbonta, @nh_doj, @jolingkent, @agrobbonta, @bobfergusonag, @swiftstories, @agtennessee, @senblumenthal, @agowa, @agashleymoody, @ohioag, @ncago, @jason_kint, @franceshaugen, @jason_kint, @newyorkstateag, @agellison, @newyorkstateag, @agellison, and @dcattorneygen
LinkedIn: Jamie Renner, Shalyn Kettering, Brian E. McMath, Greg Wathen, APR, Munish Randev, Jack Winston, Brian E. McMath, and Michael Stricker
Forums: Hacker News, r/technology, r/politics, and Ars OpenForum
| Steven Church / Bloomberg: |
Bankruptcy hearing: FTX is considering proposals from three bidders to restart trading, without disclosing the names, and will make a decision by mid-December — - Bankrupt firm expected to decide fate of exchange in December — Before it failed, FTX ran one of the biggest trading platforms| Kirsten Korosec / TechCrunch: |
California's DMV suspends Cruise's deployment and driverless testing permits, ending the GM self-driving car subsidiary's robotaxi operations in San Francisco — The California Department of Motor Vehicles said Tuesday it has immediately suspended Cruise's deployment and driverless testing permits …
More: Washington Post, California DMV, The Verge, Cruise Self Driving Cars, The Hill, Reuters, The Messenger, BBC, Silicon Republic, Forbes, Newser, Digital Trends, CNBC, The Robot Report, NBC News, The Last Driver License Holder, The Information, Engadget, and Bloomberg
Mastodon: @SafeStreetRebel@sfba.social, @transbay@sfba.social, @danlyke@researchbuzz …, @dangoodin@infosec.exchange, @calicoding@mastodon.social, and @davidzipper@mastodon.social. Bluesky: @epro.social
X: @cruise, @10x_er, @tomaxwell, @wholemarsblog, @bgurley, @jkoenin, and @martinvars
LinkedIn: john lindland, Rob Capaldi, Selika Josiah Talbott, and Maisie Byrom
| Kif Leswing / CNBC: |
At a White House event, Apple says the company supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers — - Apple supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers.
More: Reuters, The White House on YouTube, PCMag, ABC News, Washington Post, Quartz, iPhone in Canada Blog, AppleInsider, PhoneArena, Gizmodo, Engadget, Proactiveinvestors NA, Cult of Mac, Analytics India Magazine, Forbes, Cord Cutters News, PYMNTS.com, The Hill, The Verge, Neowin, and TechCrunch
X: @nproctor, @whcommsdir, @econliberties, and @jennengstrom
| Chris Welch / The Verge: |
Qualcomm unveils the S7 and S7 Pro chips with increased memory, AI capabilities, and more, designed for earbuds, headphones, and speakers to be released in 2024 — Any flagship pair of headphones or earbuds you buy nowadays is going to be very, very good. Noise cancellation has grown …
More: Qualcomm, Engadget, TechRadar, Digital Trends, Mashable, GSMArena.com, and Forbes
| Kris Holt / Engadget: |
| Andrew Throuvalas / Decrypt: |
BlockFi says the lending platform has emerged from bankruptcy and begun the process of repaying its creditors according to the terms of its bankruptcy plan — Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.| Bloomberg: |
China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties — - Beijing makes its first comment on inquiry into Apple partner — China denies it is intervening in Taiwan's presidential race
More: Wall Street Journal, 9to5Mac, Insider, Reuters, Reuters, South China Morning Post, and The Tech Report
| South China Morning Post: |
Sources: Hong Kong crypto exchange HKVAEX, founded in December 2022, shares technical and other resources with Binance; HKVAEX intends to apply for a license — - HKVAEX, founded last December, shares technical and other resources with Binance, which has routinely participated in public events with the exchange this year
More: Blockworks, Crypto Daily, crypto.news, Cryptonews, Cryptopolitan, The Block, CCN.com, and CryptoSlate
| Mark Gurman / Bloomberg: |
Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app — - Company envisions one place for customers to find video — Dedicated apps for buying movies and shows will be phased out
More: MacRumors, The Sun, T3, iMore, TechRadar, Intego, Benzinga, What Hi-Fi?, Mashable, MySmartPrice, SamNews 24, The Verge, and iClarified
X: @markgurman, @davidkudell, and @markgurman
Forums: r/apple, Slashdot, and MacRumors Forums
| Wall Street Journal: |
Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell — Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount| Scott Nover / Slate: |
US v. Google: Judge Amit Mehta has repeatedly accepted Google's requests to redact documents and hold private testimony, alarming press advocates and reporters — U.S. v. Google was supposed to be the “antitrust trial of the century”—the highest-profile, and potentially the most consequential … | Natasha Lomas / TechCrunch: |
Experts say an EU plan requiring messaging services to scan for CSAM is the wrong response to a multifaceted problem and a direct threat to democratic values — A controversial child sexual abuse material (CSAM)-scanning proposal that's under discussion by lawmakers in Europe …
More: 9to5Mac and European Data Protection …
Mastodon: @carnage4life@mas.to. X: @biancamarcu2, @biancamarcu2, @doteurope, @eu_edps, and @birgitsippelmep. Forums: Hacker News
| Dan Milmo / The Guardian: |
The Internet Watch Foundation warns that generative AI is being used to create child sexual abuse imagery, and finds ~3K AI-made abuse images breaking UK law — Internet Watch Foundation finds 3,000 AI-made abuse images breaking UK law — The “worst nightmares” about artificial intelligence … | Rania Aniftos / Billboard: |
TikTok announces its first live global music event, set for December 10 in Mesa, Arizona, with Cardi B, Niall Horan, Anitta, and Charlie Puth headlining — The event will take place on Dec. 10 at Sloan Park in Mesa, Ariz. — TikTok is continuing its foray into the music world … | Dr. Ian Cutress / More Than Moore: |
RISC-V chip designer SiFive, which has raised over $365M, lays off about 20% of its employees, or 120-130 people, across all business groups and levels — A quick one for you. I have received reports, now from multiple sources, that the major torch bearer of the RISC-V platform …
More: Tom's Hardware, Reuters, DigiTimes, eeNews Europe, TechPowerUp, TechTechPotato on YouTube, and The Information
Forums: Hacker News, Blind, and r/RISCV
| Financial Times: |
Kokusai Electric jumps as much as 32% in its Tokyo IPO, valuing the chip equipment maker at $3.6B, after raising ~$721M; KKR reduced its stake from 73% to 48% — Chip equipment maker's debut comes as country rides wave of interest from foreign investors — Shares in Kokusai Electric jumped … | Jordan Middler / Video Games Chronicle: |
Sony's new PS5 Slim disc drive requires an internet connection to pair with the console for the first time, likely due to the DMCA's rules to prevent piracy — THE ONLINE REQUIREMENT HAS RAISED PRESERVATION CONCERNS — The upcoming optional disc drive for the PlayStation 5 will require …
More: PCMag, Dexerto, Eurogamer.net, TechRadar, IGN, Gameranx, Press Start, T3, Wccftech, and Push Square
X: @thunder_clart, @charlieintel, @dark1x, and @doesitplay1
| Supantha Mukherjee / Reuters: |
AWS plans to launch a sovereign cloud in Europe for governments and customers in regulated industries, storing data on EU servers and first available in Germany — Amazon (AMZN.O) Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries.| Reuters: |
Source: Indian tax authorities serve notices to online gaming companies demanding ~$12.03B in allegedly evaded taxes, after imposing a 28% gaming tax in August — Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) …
More: Tech in Asia
| Kyle Wiggers / TechCrunch: |
Toronto-based CentML, which offers tools to cut the cost of deploying ML models, raised a $27M seed from Nvidia and others, taking its total funding to $30.5M — Contrary to what you might've heard, the era of large seed rounds isn't over — at least in the AI sector.
More: BNN Bloomberg
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