Techmeme: Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so (Sebastian Sinclair/Decrypt)

Top News

MacKenzie Sigalos / CNBC:

Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income — WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.

More: Block, Fortune, Protos, The Crypto Times, MarketWatch, Blockhead, SiliconANGLE, Bloomberg, and Benzinga. Threads: @kalihays1

Aoyon Ashraf / CoinDesk:

Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet — The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.

More: Blockonomi, Music Ally, Coinspeaker, crypto.news, Cryptonews, TechCrunch, CoinGape, and Decrypt

X: @kantrowitz. Forums: Slashdot

Alexandra S. Levine / Bloomberg:

Some TikTok staff and users see Trump as a possible savior from the ban; others question whether Trump even cares about the app now that the campaign is over — Trump has signaled he's against a possible ban of the viral video-sharing app — Some TikTok staff and creators …

More: Chain Store Age, Gizmodo, Business Insider, The Register, Engadget, Forbes, CMU, Search Engine Land, Proactive, Hypebot, Android Police, DNyuz, Fast Company, Tech in Asia, PCMag, Music Ally, The Desk, The Hacker News, Associated Press, Digital Music News, and Globe and Mail

Bluesky: @theprestige.bsky.social and @wagatwe.com. X: @ali_lev

Elizabeth Dwoskin / Washington Post:

With Elon Musk's ascension in Trump's orbit, tech leaders on the right hope to steer the second Trump administration, bringing a startup ethos to the government

More: Wccftech and NBC News

Bluesky: @jayhawkjeff.bsky.social, @angelaina.bsky.social, and @jarnon.bsky.social

X: @grosdoriane and @silvermanjacob

Sarah Perez / TechCrunch:

TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …

More: TikTok, Spotify, Hypebeast, Music Ally, PhoneArena, MSPoweruser, Neowin, Mashable, Engadget, Android Headlines, Social Media Today, Billboard, Digital Music News, Pocket-lint, How-To Geek, The Verge, Music Business Worldwide, and Music Week. Threads: @chris

Financial Times:

Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday — World's biggest contract chipmaker acts to ensure it is in line with US restrictions on Chinese access to latest processors

More: The Information, Engadget, Business Insider, South China Morning Post, Cryptopolitan, Reuters, Barron's Online, Wccftech, WinBuzzer, Nikkei Asia, TrendForce News, and Bloomberg

Forums: Hacker News and Ars OpenForum

Anissa Gardizy / The Information:

Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs — Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.

More: The Decoder, DatacenterDynamics, Spyglass, WinBuzzer, SiliconANGLE, TechCrunch, Reuters, and Benzinga

X: @anissagardizy8. Forums: r/singularity

Sebastian Sinclair / Decrypt:

Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so — Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.

Mark Hachman / PCWorld:

Mercury Research: AMD's desktop CPU market share, in units, grew from 19.2% in Q3 2023 to 28.7% in Q3 2024 and from 19.5% to 22.3% for mobile in the same period — AMD's desktop CPU market share jumped nearly 10 percent in the last year, an analyst reported Thursday, on the heels …

More: Tom's Hardware, The Verge, XDA Developers, Wccftech, and Trak.in

Forums: r/technology, r/pcmasterrace, and r/hardware

Bloomberg:

Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago — - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5 — Image sensor business was hurt by demand lull in North America

More: Sony Group Portal, Gizmodo, GamesIndustry.biz, Engadget, Benzinga, Game World Observer, Wccftech, VentureBeat, Wall Street Journal, Sony Group Portal, Sony Group Portal, and Reuters

Threads: @tomwarrenuk. X: @tomwarren

Blake Brittain / Reuters:

A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm — A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …

More: VentureBeat, Windows Central, Engadget, The Decoder, Cointelegraph, Bloomberg Law, CCN.com, WinBuzzer, Silicon Republic, ai fray, and Music Ally

Threads: @carnage4life. X: @rustybrick

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