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November 3, 2023, 10:50 AM
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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 …
More: CNBC, New York Times, Reuters, BBC, CoinDesk, NBC News, The Guardian, CNN, Molly White, Bloomberg, DL News, Reuters, Cointelegraph, Finextra, New York Times, New York Times, CoinGape, Fox Business, ABC News, NPR, Decrypt, The Verge, The Verge, Ghacks, Bitcoin Insider, Cryptopolitan, Coinspeaker, Decrypt, Bloomberg, CoinStats, Financial Times, TechStartups, CoinJournal, crypto.news, Wall Street Journal, UPROXX, Forkast, Silicon Republic, US Department of Justice, Digital Trends, Bitcoinist.com, CCN.com, NBC 7 San Diego, The Overspill, SlashGear, nft now, KnowTechie, Silicon Valley Business …, Fortune, Engadget, CryptoSlate, The Hill, Reuters, New York Times, Reuters, Variety, Gizmodo, New York Post, Wired, Sky News, Reuters, Courthouse News Service, MarketWatch, Insider, The Messenger, Axios, Fortune, Washington Post, The Daily Beast, Blockworks, and The Verge
Threads: @carnage4life and @alexkantrowitz.  Mastodon: @tek@freeradical.zone
X: @erikvoorhees, @haydenzadams, @alfred_lin, @innercitypress, @alfred_lin, @lastcallcnbc, @hshaban, @markdice, @satoshibaggins, @mattbinder, @parismarx, @chafkin, @innercitypress, @garrytan, @autismcapital, @ryansadams, @ryxcommar, @ben_mckenzie, @dlauer, @moorehn, @loopifyyy, @asilbwrites, @divine_economy, @coinmamba, @internethippo, @vishal4c, @jimmyvs24, @nichcarlson, @eringriffith, @autismcapital, @innercitypress, @wutangkids, @obsoletedogma, @davecraige, @librariancap, @indian_bronson, @erikvoorhees, @cramertracker, @jasonklau, @steinkobbe, @jacqmelinek, @robustus, @silvermanjacob, @intern, @macromate8, @eking0x, @mattyglesias, @ntmoney, @alexluck9, @greentexts_bot, @drjbhattacharya, @rscharf_, @teddyschleifer, @mattbinder, @foldablehuman, @lilmoonlambo, @drawandstrike, @tristansnell, @markdice, @parikpatelcfa, @hsakatrades, @0xfoobar, @collinrugg, @altcoinpsycho, @cryptonator1337, @kantrowitz, @wolf_vukovic, @danprimack, @byyourlogic, @unusual_whales, @wifeyalpha, @ajb_powell, @thejusticedept, @thekinocorner, @glennthrush, @gfodor, @albz321, and @anammostarac.  LinkedIn: Alex Kantrowitz
Forums: Hacker News, r/JoeRogan, r/CryptoCurrencyMAX, r/bayarea, r/nyc, r/Buttcoin, r/technology, r/wallstreetbets, r/GME, r/Superstonk, and Beehaw
Lora Kelley / The Atlantic:
Sam Bankman-Fried, who is unkempt, pedigreed, and awkward, replicated what VCs believe a founder should look like, and the door remains open for others like him  —  The tech industry is designed for people like Sam Bankman-Fried.  —  Over and over during Sam Bankman-Fried's trial …
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
Mark Gurman / Bloomberg:
Apple expects its revenue in the holiday quarter, normally the company's biggest sales period, to stay the same as last year; Wall Street projected ~5% growth
Tom Warren / The Verge:
Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most staff in Jan. 2024; Phil Spencer said he was unaware and is looking into it  —  Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren't happy about it.
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 …
Kevin Purdy / Ars Technica:
DC's AG sues RealPage and 14 of Washington DC's largest landlord firms for using RealPage's rent-setting software to allegedly collude on rent price increases  —  Suit claims employees were told pricing outside the algorithm was “unacceptable.”  —  DC's attorney general has sued 14 …
Jeff Horwitz / Wall Street Journal:
Ex-Instagram consultant Arturo Bejar, set to testify in Congress on November 7, says Meta did not fully act on its Well-Being Team's findings to protect teens  —  When a Meta security expert told Mark Zuckerberg that Instagram's approach to protecting teens wasn't working, the CEO didn't reply.
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.
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%+  —  ‘Really what we expect to see next year is meaningful margin expansion,’ CFO says  —  Block Inc. reported better …
Akash Sriram / Reuters:
Elon Musk says xAI will release its first AI model to a select group on November 4 and “in some important respects, it is the best that currently exists”  —  Elon Musk's artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire and Tesla (TSLA.O) CEO said on Friday.
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

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This is a Techmeme archive page. It shows how the site appeared at 10:50 AM ET, November 3, 2023.

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From Mediagazer

New York Times:
Lesley Stahl says David Ellison called her and promised to respect editorial independence at 60 Minutes, a sign he is taking steps to calm turmoil at the show

Samuel Stolton / Bloomberg:
The EU is reviewing Paramount's WBD takeover under the Foreign Subsidies Regulation, probing involvement of Middle Eastern funds; a decision is due by July 14

Scott Nover / Washington Post:
Email: the WH press corps won't be allowed on White House grounds Sunday due to the UFC fight; only press poolers will be allowed unless UFC gives credentials

More News

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
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
Joseph Cox / 404 Media:
A look at Fusus, which links a town's security cameras into one central hub and analyzes the feeds using AI, as its system is deployed across 2,400 US locations

Earlier Picks

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
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
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
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
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
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