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Techmeme
November 2, 2023, 10:15 PM
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Jacquelyn Melinek / TechCrunch:
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024  —  Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …
Elizabeth Lopatto / The Verge:
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse  —  Mistakes aren't illegal, but fraud is — and Bankman-Fried's lawyers never made his defense land.
Apple:
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $22.9B, Americas sales up 0.8% to $40.1B, Europe sales down 1.5% to $22.5B  —  iPhone revenue sets September quarter record Services revenue reaches new all-time high  —  Apple® today announced financial results …
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 3% YoY to $43.81B, Mac down 34% to $7.61B, iPad down 10% to $6.44B, and Wearables, Home, and Accessories down 3% to $9.32B  —  - Apple reported fourth-fiscal quarter earnings on Thursday that beat analyst expectations for sales and earnings per share …
Nikkei Asia:
Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific
Tom Warren / The Verge:
Microsoft announces the Secure Future Initiative, which includes responding faster to vulnerabilities and using AI and automation to improve software security  —  Microsoft has had a rough few years of cybersecurity incidents.  It found itself at the center of the SolarWinds attack nearly three years ago …
Abner Li / 9to5Google:
Google's Chrome team stops considering a Web Integrity API proposal that aimed to help enforce IP rights, count ad views, and limit bots, after DRM comparisons  —  Back in July, Google's work on a Web Integrity API emerged and many equated it to DRM.  While prototyped, it was only at the proposal stage …
Financial Times:
Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release  —  OpenAI, Google DeepMind and Meta among those who signed legally non-binding document at UK's AI safety summit
Khari Johnson / Wired:
The Office of Management and Budget releases draft rules for US federal agencies to assess AI in health care, law enforcement, and housing for potential harms
Ingrid Lunden / TechCrunch:
At the UK's AI Safety Summit, the UK releases the Bletchley Declaration, signed by 28 countries and the EU, and the US announces an AI Safety Institute
Chris Welch / The Verge:
Paul McCartney and Ringo Starr release Now and Then, the first “new” Beatles song since 1995, created using AI and an old lo-fi John Lennon recording  —  Today marks the release of the first “new” song by the Beatles since 1995.  “Now and Then” is available on streaming services …
Bloomberg:
The FTC says Jeff Bezos ordered Amazon executives to accept more junk ads to boost profits; Amazon used disappearing Signal chats from June 2019 to early 2022  —  - FTC releases less redacted antitrust complaint against Amazon  — Amazon counters that the FTC is ‘wrong on facts and the law’
Devin Coldewey / TechCrunch:
The FTC's lawsuit reveals that Amazon made $1.4B via Project Nessie, an algorithmic scheme that raised product prices and held them there if rivals followed
Reuters:
Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable  —  SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven.
Bloomberg:
Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est.  —  Revenue increased 14% to $674 million, compared with a forecast of $654.7 million by analysts surveyed by Bloomberg.
Adamya Sharma / Android Authority:
US v. Google: Apple's Eddy Cue sent Tim Cook a presentation in 2013 that declared “Android is a massive tracking device” and detailed Google's privacy practices  —  - Apple's internal presentation from 2013 is part of new exhibits posted by the Department of Justice in the ongoing Google antitrust trial.
Ivan Mehta / TechCrunch:
Brave releases its AI assistant Leo to all desktop users and unveils Leo Premium, offering access to faster and better LLMs and higher rate limits for $15/month  —  Brave, a company building an alternative web browser, is releasing its AI-powered assistant, Leo, to all desktop users.
Les Pounder / Tom's Hardware:
Arm acquires a minority stake in Raspberry Pi, extending the two companies' partnership that began in 2008 and has resulted in ARM CPUs in all Raspberry Pi SoCs  —  Arm wants a slice of Pi  —  Arm Holdings plc today announced that it has made a strategic investment, a minority stake in Raspberry Pi Ltd …
Sheena Vasani / The Verge:
YouTube begins restricting how often US teens receive repeated video recommendations about sensitive topics like body image and plans to expand globally in 2024  —  Starting November 2nd, YouTube will impose restrictions on how often teens receive repeated video recommendations related …
Lauren Feiner / CNBC:
New York AG Letitia James says Uber and Lyft agreed to pay a combined $328M to settle allegations they withheld wages from drivers and did not provide sick pay  —  - Uber and Lyft agreed to pay a total of $328 million to settle allegations that they unlawfully withheld wages from drivers …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:15 PM ET, November 2, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Memo: Skydance offers certain employees a voluntary buyout in a “one-time offer” and moves to a mandatory five-days-per-week in-office policy

Craig Whitlock / Washington Post:
Bob Woodward reveals in his upcoming memoir, Secrets, the identities of many confidential sources who provided classified info throughout his 55-year career

Ben Smith / Semafor:
Sources: after an NYT report questioned abuse recollections in Amy Griffin's memoir, the billionaire said she would target reporter Katherine Rosman's son

More News

Tom Warren / The Verge:
Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most employees in Jan. 2024; Phil Spencer says he is looking into the situation
Emily Bary / MarketWatch:
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 15%+

Earlier Picks

Jay Goldberg / Digits to Dollars:
Apple's M3 series shows a return to core messaging themes around user human usability; producing three M3 chips likely has to be close to $1B in tape-out costs
Julie Jargon / Wall Street Journal:
A New Jersey high school and police investigate after male students shared AI-generated nudes of female students in group chats; parents are unsure what to do
Niket Nishant / Reuters:
PayPal discloses that the company received an SEC subpoena tied to its US dollar stablecoin, launched in August 2023
Myles McCormick / Financial Times:
How Arizona State University, a “secret weapon” that has become an R&D hive for the chip industry, made Phoenix into the beating heart of the US chipmaking boom
Reuters:
Boeing investigates a cyber incident that impacted its parts and distribution business, days after LockBit announced stealing “a tremendous amount” of its data
Joe Duball / IAPP:
The EDPB instructs the Irish DPC to ban Meta's use of Facebook and Instagram users' personal data for behavioral ads in EU and EEA countries within two weeks
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