| Ingrid Lunden / TechCrunch: |
At the UK's AI Safety Summit, the UK releases the Bletchley Declaration, signed by 29 countries, and the US Commerce Secretary announces an AI Safety Institute — The world is locked in a race, and competition, over dominance in AI, but today, a few of them appeared to come together … | Financial Times: |
| CoinDesk: |
The US SEC charges SafeMoon and its executives for selling unregistered crypto securities and misappropriating investors' funds the team promised were “locked” — Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M … | Bloomberg: |
A look at Apple's ambition to revolutionize health care: some breakthroughs marred by philosophical disagreements, a culture of conservatism, and tech realities — The company is working on big things, but employees disagree over whether they should be serving people who are healthy or sick.| Mark Gurman / Bloomberg: |
Sources: Apple plans new health features for 2024's Apple Watch, like an elevated blood pressure sensor, and a paid health coaching service, possibly using AI — - AirPods will get hearing-aid capability and hearing tests — AI health coach in the works, as are Vision Pro health tools| David Pierce / The Verge: |
US v. Google offers a rare look at Google's top 20 queries by revenue for a week in September 2018: iPhone, insurance, cheap flights, online colleges, and more — Not all Google searches make Google money. Google often says that it only shows ads on about 20 percent of queries, the ones it calls “commercial queries.”| Brian Steinberg / Variety: |
Shareholder letter: Netflix says its ad tier has 15M+ MAUs globally, accounting for ~30% of new sign-ups where it's available, and plans new ad formats for 2024 — Netflix is ready to use “The Crown,” “Squid Game” and other signature series to take ad dollars from rival streamers.| Filipe Espósito / 9to5Mac: |
Apple quietly discontinued Apple Music's $4.99/month Voice Plan, which was introduced in 2021 and let users access the Apple Music catalog exclusively via Siri — Apple this week held a special event to announce new Macs, but what the company didn't tell is that it has just quietly discontinued the … | AI Snake Oil: |
What Biden's EO means for AI openness, and why a compute threshold is unlikely to effectively anticipate individual models' riskiness, but may work in aggregate — Good news on paper, but the devil is in the details — The Biden-Harris administration has issued an executive order on artificial intelligence.| Ben Thompson / Stratechery: |
If we accept the premise that regulation locks in incumbents, then it's notable that the early AI winners seem the most invested in generating alarm about AI — In 2019, a very animated Bill Gates explained to Andrew Ross Sorkin why Microsoft lost mobile:| Sam Tobin / Reuters: |
Apple loses a bid to block a UK lawsuit over allegedly hiding defective iPhone batteries and “throttling” them via updates; Apple calls the lawsuit “baseless” — Apple Inc (AAPL.O) on Wednesday lost a bid to block a mass London lawsuit accusing it of hiding defective batteries … | Sarah Perez / TechCrunch: |
CRM platform HubSpot announces it's acquiring the B2B data provider Clearbit, which has 400K+ users and was valued at $250M as of January 2019, per PitchBook — HubSpot, the Boston-based marketing software maker and CRM platform, announced today it's acquiring the B2B data provider Clearbit … | Ron Miller / TechCrunch: |
Snowflake announces Snowflake Cortex, a fully managed service designed to help business users and developers work with AI-fueled apps on its Data Cloud platform — Companies use Snowflake to store their data in the cloud. With the ever growing interest in generative AI and large language models … | The Walt Disney Company: |
Disney plans to acquire the 33% stake in Hulu held by Comcast's NBCUniversal, giving Disney full ownership; Disney expects to pay NBCU ~$8.61B by December 1 — The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.'s (NASDAQ … | Jessica Bursztynsky / Fast Company: |
DoorDash reports Q3 revenue up 27% YoY to $2.16B, vs. $2.09B est., total orders up 24% YoY to 543M, net loss of $75M, down from $296M in Q3 2022, DASH jumps 7%+ — DoorDash reported its “best quarter ever” since its IPO in a number of key categories on Wednesday, which it says was driven partly … | Joshua Oliver / Financial Times: |
A look back at testimony from Caroline Ellison, Gary Wang, and Nishad Singh and SBF's counterclaims, as the jury prepares to deliberate which version to believe — Former crypto tycoon will soon learn whether he was able to successfully counter his former colleagues' testimony — Four people were in the room.| Manya Saini / Reuters: |
PayPal reports Q3 revenue up 9% YoY to $7.4B, vs. $7.38B est., total payment volume up 13% YoY to $387.7B, vs. $377.9B, and forecasts FY 2023 profit above est. — PayPal Holdings (PYPL.O) raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday … | Rohan Goswami / CNBC: |
Airbnb Q3: revenue up 18% YoY to $3.4B vs. $3.37B est., Nights and Experiences Booked up 14% YoY to 113.2M vs. 112.9M est., and a Q4 revenue forecast below est. — - Airbnb reported its third-quarter earnings results after the bell, beating consensus estimates on revenue but falling short … | Anna Irrera / Bloomberg: |
HSBC launches a blockchain platform to tokenize ownership of gold held in its London vault; HSBC is one of the world's largest custodians of precious metals — - System creates tokens representing gold in bank's vault — Blockchain allows investors to more easily track gold they own| RT Watson / The Block: |
After securing regulatory approval, Coinbase says that eligible US retail customers can now access BTC and ETH futures contracts via Coinbase Financial Markets — - Coinbase's service offering crypto futures trading to eligible retail U.S. customers is now active and includes “nano” bitcoin contracts.| Reuters: |
EA reports Q2 net bookings up 4% YoY to $1.82B, vs. $1.78B est., revenue of $1.91B, up from $1.9B in Q2 2022, and raises its annual profit forecast — Electronic Arts (EA.O) on Wednesday beat analysts' estimates for quarterly net bookings and profit and raised its annual earnings projection … | Kif Leswing / CNBC: |
Qualcomm Q4: adjusted revenue down 24% YoY to $8.67B, vs. $8.51B est., handset chip sales down 27% YoY to $5.46B, vs. $5.34B est., and a strong Q1 2024 forecast — - Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines … | Hayden Field / CNBC: |
LinkedIn announces a GPT-4-powered AI chatbot that the company calls a “job seeker coach”, available to Premium users, and says the platform now has 1B+ members — - LinkedIn said it surpassed 1 billion members and debuted an AI chatbot billed as a “job seeker coach” and other generative AI tools for Premium members.
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| Jason Schreier / Bloomberg: |