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February 1, 2024, 8:20 PM
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Top News

Apple:
Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas sales up 2% to $50.4B, Europe sales up 10% to $30.4B  —  Services revenue reaches new all-time record EPS up 16 percent to new all-time high  —  Apple® today announced financial results for its fiscal 2024 first quarter ended December 30, 2023.
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone up 6% YoY to $69.7B, Mac up 1% to $7.78B, iPad down 25% to $7.02B, and Wearables, Home, and Accessories down 11% to $11.95B  —  10 minutes ago
William Gallagher / AppleInsider:
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that the company plans to announce “later this year”  —  Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Meta:
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023; META up 11%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023.
Sarah Perez / TechCrunch:
In Meta's earnings call, Mark Zuckerberg described Apple's new DMA rules as “so onerous” that he doubts any developer, including Meta, would adopt them
Sarah Perez / TechCrunch:
Mark Zuckerberg says Threads now has more than 130M MAUs and is “growing steadily”
Rohan Goswami / CNBC:
Meta says it will pay a 50 cent dividend for the first time, and has authorized a $50B share buyback
Jonathan Vanian / CNBC:
Meta's Reality Labs unit had revenue of $1B in Q4 but had a record operating loss of $4.65B; the metaverse division has now lost over $42B since the end of 2020
Amazon:
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2023.  Fourth Quarter 2023
Akash Sriram / Reuters:
Amazon reports Q4 AWS revenue up 13% YoY to $24.2B, vs. $24.26B est., and operating income of $7.2B, up from $5.2B YoY
Nick Bilton / Vanity Fair:
Interviews with Tim Cook, Greg Joswiak, James Cameron, Jon Favreau, and others on the Apple Vision Pro, using the device, developing the headset, and more  —  Inside Apple Park, the tech giant's CEO talks about the genesis of a “mind-blowing” new device that could change the way we live and work.
Joe Rossignol / MacRumors:
Apple says developers have optimized 600+ apps for the Vision Pro in time for its February 2 launch, including Airmail, Box, MUBI, Night Sky, Parcel, and PCalc
Kyle Wiggers / TechCrunch:
Google debuts ImageFX, an AI image generator underpinned by Imagen 2, with “expressive chips”, or keyword suggestions, and brings Imagen 2 to Vertex AI and Bard  —  Taylor Swift deepfakes be damned, Google is releasing a new AI-powered tool, TextFX, for image creation.
James Hunt / The Block:
The US EIA plans to begin surveying crypto miners' electricity use next week; the EIA justified the emergency data collection by citing BTC's 50% price increase  —  - The Energy Information Administration will begin surveying the electricity use of U.S. crypto miners next week …
Sergiu Gatlan / BleepingComputer:
CISA orders US federal agencies to disconnect all Ivanti Connect Secure and Policy Secure VPN appliances vulnerable to actively exploited bugs before February 3  —  CISA has ordered U.S. federal agencies to disconnect all Ivanti Connect Secure or Policy Secure VPN appliances vulnerable …
Andrew J. Hawkins / The Verge:
Google plans to roll out a Google Maps feature that uses LLMs to analyze its data on 250M+ places and community insights to recommend places, starting in the US  —  Google is bringing generative AI to — where else?  — Google Maps, promising to help users find cool places through the use of large language models (LLM).
Richard Nieva / Forbes:
YouTube says YouTube Premium and Music have a combined 100M subscribers; CEO Neal Mohan says subscriptions have become a “meaningful part” of YouTube's business  —  YouTube CEO Neal Mohan told Forbes the subscription services are now a “meaningful part” of the business.
Sarah Perez / TechCrunch:
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers  —  Amazon announced today the launch of an AI-powered shopping assistant it's calling Rufus that's been trained on the e-commerce giant's product catalog …
Sean Hollister / The Verge:
The US CPSC says Snap will recall all its Pixy selfie camera drones because their batteries pose a fire hazard; Snap sold fewer than 71K drones in four months  —  Snap gave up on its Pixy flying selfie camera drone after just four months, but it turns out the company sold 71,000 drones …
Sergiu Gatlan / BleepingComputer:
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions  —  Blackbaud has settled with the Federal Trade Commission after being charged with poor security and reckless data retention practices …
Ashley Carman / Bloomberg:
UMG begins pulling its artists' music from TikTok after negotiations failed; videos featuring UMG-owned songs will be muted, and users can pick a new soundtrack  —  - Publisher behind Drake and Taylor Swift pushes for better pay  — Videos featuring Universal Music-owned songs will be muted
Zack Whittaker / TechCrunch:
Apple releases visionOS 1.0.2, fixing a WebKit vulnerability that, if exploited, allowed malicious code execution; Apple included a patch in iOS 17.3 last week  —  A day after reporters published their first hands-on review of Apple's Vision Pro, the technology giant released its first security patch …

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This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, February 1, 2024.

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From Mediagazer

New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3

Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place

Etan Vlessing / The Hollywood Reporter:
Fubo reports 1.51M FuboTV subscribers at the end of Q1, down from 1.61M in Q4, revenue up 24% YoY to $394M, and a $56.1M loss, down from $83.6M a year ago

More News

Asa Fitch / Wall Street Journal:
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026
David Pierce / The Verge:
The Browser Company unveils new features for its Arc desktop browser, including Arc Explore, a desktop version of Arc Search's “browse for me”, and Live Folders
Scott Stein / CNET:
Meta starts rolling out its v62 software update for Meta Quest headsets, adding support for playing Apple's spatial videos, PS4 and PS5 controllers, and more

Earlier Picks

Kyle Wiggers / TechCrunch:
The Allen Institute for AI open sources OLMo, or “Open Language Models”, and its dataset Dolma; partners Harvard, AMD, Databricks, and others helped create OLMo
Andrew Webster / The Verge:
Microsoft says Pocket Pair's Palworld, still technically in early access, is the biggest third-party Xbox Game Pass launch in history, reaching 7M players
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