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October 30, 2024, 2:00 AM
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Top News

Jay Peters / The Verge:
Sundar Pichai says “more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers”  —  Google is building a bunch of AI products, and it's using AI quite a bit as part of building those products, too.  “More than a quarter of all new code …
Alphabet:
Alphabet reports Q3 revenue up 15% YoY to $88.27B, Search revenue up 12%, net income up 34%, and traffic acquisition costs up 9%; GOOG jumps 5%+ after hours  —  MOUNTAIN VIEW, Calif. - October 29, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2024.
Jennifer Elias / CNBC:
Google Cloud Q3 revenue grew 35% YoY to $11.4B, vs. $10.88B est., led by accelerated growth in AI Infrastructure, Generative AI Solutions, and core GCP products
Todd Spangler / Variety:
YouTube Q3 ad revenue grew 12.2% YoY to $8.92B, vs. $8.89B est.; total ads and subscription revenues passed $50B over the past four quarters for the first time
Chris Welch / The Verge:
Apple updates the Mac mini with a smaller design, five USB-C ports, and up to 64GB of RAM, shipping from November 8 for $599+ with M4 and $1,399+ with M4 Pro  —  As part of the company's week of Mac-focused announcements, Apple has just introduced a smaller, yet even more powerful Mac Mini.
Benjamin Mayo / 9to5Mac:
Apple debuts the M4 Pro: Thunderbolt 5, up to a 14-core CPU, up to a 20-core GPU with up to 2x an M4 GPU's power, a 16-core Neural Engine, and up to 64GB of RAM
Tom Warren / The Verge:
GitHub says Copilot will support Anthropic, Google, and OpenAI models, unveils an AI tool to build micro web apps called Spark, Copilot for Xcode, and more  —  GitHub is going multi-model for its Copilot code completion and programming tool.  Developers will soon be able to choose models from Anthropic …
Jason Koebler / 404 Media:
Elon Musk's PAC sends Republicans texts impersonating Kamala Harris that push policies Harris doesn't support, without disclaimers, and ups its social ad spend  —  An Elon Musk-funded super PAC has expanded an advertising campaign in which it is impersonating Democrats and targeting registered Republicans …
Bloomberg:
Samsung's stock has dropped 32% from its 2024 peak on July 9, cutting $122B off its market cap, more than any other chipmaker worldwide on AI and foundry woes  —  - Stock sheds more value than any chipmaker on AI, foundry woes  — Samsung is ‘losing its technology leadership’: Pictet's Lee
Tess Owen / Wired:
Data: anti-government militia activity has grown on Facebook in the US, with the platform even auto-generating some group pages, despite the issue being flagged  —  Ahead of the election, anti-government militias are using Facebook to recruit, coordinate training, and promote ballot box stakeouts.
Reuters:
Sources: OpenAI has been working for months with Broadcom on its first in-house AI chip, for inference, built by TSMC, and has dropped its foundry plans for now  —  OpenAI is working with Broadcom (AVGO.O) and TSMC (2330.TW) to build its first in-house chip designed to support …
Arsheeya Bajwa / Reuters:
AMD reports Q3 revenue up 18% YoY to $6.82B vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 7%+ after hours  —  Advanced Micro Devices (AMD.O) on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper …
Reuters:
Dozens of sources share how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with Taiwan comments and losing a deep TSMC discount  —  Pat Gelsinger took the reins as Intel (INTC.O) CEO three years ago with hopes of reviving the American industrial icon.
Jonathan Vanian / CNBC:
Reddit Q3: revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+ after hours  —  Reddit shares jumped 22% in extended trading Tuesday, topping $100 for the first time, after the social media company reported …
Wall Street Journal:
Sources: xAI is in talks with investors to raise several billion dollars in a funding round that would value it at around $40B; xAI was valued at $24B in May  —  New fundraising effort would substantially increase startup's valuation from spring  —  Elon Musk's xAI is in talks with investors …
Ingrid Lunden / TechCrunch:
LinkedIn launches Hiring Assistant, an AI agent designed to take on a wide array of recruitment tasks, like sourcing candidates, to a select group of customers  —  LinkedIn, the social platform used by the working world to connect with others in their field, hunt for jobs, and develop skills …
Marianna Spring / BBC:
Some users on X who share content that includes election misinformation, AI images, and conspiracy theories say they are being paid “thousands of dollars” by X  —  Some users on X who spend their days sharing content that includes election misinformation, AI-generated images …

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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

Wall Street Journal:
Sources: the DOJ is probing whether the NFL uses anticompetitive tactics that harm consumers; regulators and others have raised concerns about streaming deals

Dominick Mastrangelo / The Hill:
Trump says Tucker Carlson, Megyn Kelly, Candace Owens, and Alex Jones have “Low IQs” and “their views are the opposite of MAGA” after they blasted him over Iran

Tom Jones / Poynter:
MS NOW announces financial backing for the Pulitzer Center, and collaborations with The Marshall Project on ICE and States Newsroom to feature state reporting

More News

Pritam Biswas / Reuters:
MetaMask crypto wallet maker Consensys is cutting 162 staff, or ~20% of its workforce, citing broader macroeconomic pressures and ongoing regulatory challenges

Earlier Picks

Ben Thompson / Stratechery:
Why Meta is well positioned to be AI's main beneficiary in the short, medium, and long term: generative AI, ads, infinite content, XR, “generative UI”, and more
Wayne Ma / The Information:
Sources: in a first, Apple is using an Indian factory to do the early manufacturing work for the base iPhone 17; the primary iPhone 17 Pro sites remain in China
Washington Post:
An analysis of the top 100 US congressional X accounts: since July 2023, Republicans had nearly all the posts with 20M+ views and saw bigger gains in followers
Aanu Adeoye / Financial Times:
Nigeria-based Moniepoint, which offers bank accounts, loans, and POS terminals, raised $110M led by DPI, sources say at a $1B+ valuation, after raising $55M
Brian Heater / TechCrunch:
Apple launches some Apple Intelligence features like writing tools, image cleanup, and typing in Siri, with the release of iOS 18.1, iPadOS 18.1, and macOS 15.1
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