Techmeme
November 8, 2023, 4:15 AM

Top News

Mark Gurman / Bloomberg:
Sources: Apple last week paused developing iOS 18, macOS 15, iPadOS 18, and watchOS 11 to fix bugs and improve performance, and plans to resume work this week  —  - Rare move designed to focus on improving quality, performance  — Despite pause, software releases will likely stay on schedule
Ben Thompson / Stratechery:
An analysis of OpenAI's DevDay keynote: impressive live demos, the shift from plugins to custom GPTs, Microsoft's role in making GPT-4 Turbo cheaper, and more  —  In 2013, when I started Stratechery, there was no bigger event than the launch of the new iPhone; its only rival was Google I/O …
ABC:
Australian telecom Optus says some key services are “gradually being restored” after an hours-long mobile network outage affects over 10M customers  —  Loading...  Optus says some services are “gradually being restored” but it may take a few more hours until the whole network is back online.
Kate Clark / The Information:
Document: Coatue cut the value of its $120M stake in OpenSea to $13M as of Q2 2023, implying a valuation of $1.4B or less, down from $13.3B in January 2022  —  One of OpenSea's biggest investors has marked down by 90% its stake in the struggling non-fungible-token marketplace …
Bloomberg:
Sources: USDC stablecoin issuer Circle is considering an IPO early in 2024; Circle was valued at $9B when the company tried to go public via SPAC in 2022  —  - Backers include Goldman Sachs, General Catalyst and BlackRock  — Circle had tried to go public via blank-check deal in 2022
Matt G. Southern / Search Engine Journal:
Google adds generative AI features to its Performance Max ad platform, rolling out first as a beta to all US advertisers by the end of the year  —  Google launches generative AI in Performance Max to help marketers easily create customized text and image ads at scale.
Brian Fung / CNN:
Former Meta consultant Arturo Béjar's Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue  —  Meta's top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram …
Harri Weber / TechCrunch:
Ann Arbor-based autonomous vehicle startup May Mobility, backed by Toyota and BMW, raised a $105M Series D led by NTT Group, taking its total funding to $300M+  —  May Mobility has raised hundreds of millions from some of the biggest names in the auto industry, but if you haven't heard …
Kia Kokalitcheva / Axios:
IBM debuts a $500M enterprise AI venture fund to invest in startups across all stages, with no set target of annual investments or capital deployment timeline  —  IBM is dedicating $500 million to invest in generative AI startups focused on business customers.
Paige Smith / Bloomberg:
Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, including crypto trading down 55% YoY; HOOD drops 8%+  —  - Third-quarter crypto notional volumes fell 55% on the year  — Online brokerage plans to launch EU crypto trading in weeks
Platformer:
Sources: employees at X are increasingly being asked to spend time working on xAI initiatives, as xAI is using GPUs that once belonged to Twitter  —  Today, some notes on how the tech industry's tectonic shift toward artificial intelligence is playing out inside X — and raising questions …
Sam Byford / Multicore:
Opinion: Leica helped Xiaomi create a flagship that takes better photos than iPhone, and their partnership makes sense despite Xiaomi copying some iOS elements  —  It's past time to start taking Chinese phones seriously, whether you've used one or not  —  Xiaomi launched its new 14 Pro flagship phone …
Malathi Nayak / Bloomberg:
Epic v. Google: internal documents show Activision Blizzard accepted $360M in incentives from Google in 2020 to ensure its games launched on the Play Store  —  - Testimony focused on efforts to lure developers to Google Play  — Billions in revenue are at stake in San Francisco jury trial
More: The Verge
Andrew Webster / The Verge:
Crunchyroll debuts Game Vault, offering five mobile games for free to subscribers of its two higher-cost tiers, and promises a “new wave of titles coming soon”  —  Crunchyroll is making a bigger push into games. … The new feature is called the Crunchyroll Game Vault and is available starting today.

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More News

Ron Amadeo / Ars Technica:

Earlier Picks

Stefania Palma / Financial Times:
Aamir Siddiqui / Android Authority:
Kyle Wiggers / TechCrunch:
Ashlee Vance / Bloomberg:
Dean Takahashi / VentureBeat:
Rohan Goswami / CNBC: