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Techmeme
January 29, 2025, 8:20 PM
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Top News

Meta:
Meta reports Q4 revenue up 21% YoY to $48.4B, net income up 49% YoY to $20.8B, and family daily active people up 5% YoY to 3.35B on average for December 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2024.
Jonathan Vanian / CNBC:
Meta's Reality Labs posts Q4 revenue up 1% YoY to $1.1B, vs. $1.1B est., and a $4.97B operating loss, vs. $5.4B est.; Reality Labs has lost $60B+ since 2020  —  Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse.
Charles Rollet / TechCrunch:
Mark Zuckerberg says spending heavily on AI infrastructure is a “strategic advantage” and vows Meta will invest “hundreds of billions” in AI over the long term
Microsoft:
Microsoft reports Q2 revenue up 12% YoY to $69.6B, Microsoft 365 Commercial products and cloud services revenue up 15% YoY, and net income up 10% YoY to $24.1B  —  Microsoft Cloud and AI Strength Drives Second Quarter Results  —  REDMOND, Wash. — January 29, 2025 — Microsoft Corp. today announced …
Financial Times:
OpenAI says it has seen some evidence that DeepSeek used “distillation” to train its open-source competitor by using outputs from OpenAI's proprietary models  —  White House AI tsar David Sacks raises possibility of alleged intellectual property theft
Wired:
Wiz: DeepSeek left one of its critical databases exposed, leaking more than 1M records including system logs, user prompt submissions, and users' API keys  —  China-based DeepSeek has exploded in popularity, drawing greater scrutiny.  Case in point: Security researchers found more than 1 million records …
Bloomberg:
Sources: Microsoft and OpenAI are investigating whether a DeepSeek-linked group obtained a large amount of data from OpenAI's API in an unauthorized manner
Wall Street Journal:
Meta agrees to pay ~$25M to settle a 2021 lawsuit that Trump brought against Meta and Mark Zuckerberg after it suspended his accounts following the Jan. 6 riot  —  The president had sued the social-media company after his accounts were suspended  —  President Trump has signed settlement papers …
Dario Amodei:
DeepSeek makes US export controls to China even more important, and DeepSeek-V3 is not a unique breakthrough but an expected point on a cost reduction curve  —  A few weeks ago I made the case for stronger US export controls on chips to China.  Since then DeepSeek, a Chinese AI company …
New York Times:
Meta executives say DeepSeek's breakthrough shows that upstarts now have a chance to innovate and compete with AI giants, vindicating its open-source strategy
Tom Warren / The Verge:
Microsoft adds DeepSeek's R1 to Azure AI Foundry and GitHub, and plans to make a distilled, smaller version of R1 available to run locally on Copilot+ PCs soon  —  Microsoft has moved surprisingly quickly to bring R1 to its Azure customers.  —  Microsoft has moved surprisingly quickly to bring R1 to its Azure customers.
Eduardo Baptista / Reuters:
Alibaba releases Qwen 2.5-Max, an AI model that the company's cloud unit claims “outperforms” GPT-4o, DeepSeek-V3, and Llama-3.1-405B “almost across the board”  —  Chinese tech company Alibaba (9988.HK) on Wednesday released a new version of its Qwen 2.5 artificial intelligence model …
Zaheer Kachwala / Reuters:
Trump Media unveils fintech brand Truth.Fi with an investment of up to $250M, which can be allocated to various investments, like BTC and other cryptocurrencies  —  Truth Social parent Trump Media and Technology Group (DJT.O) said on Wednesday its board of directors has approved the launch …
New York Times:
Sources detail Elon Musk's time in government, bringing his friends and employees, as he races to cut staff; Musk's plane has not left DC since the inauguration  —  The billionaire and his Silicon Valley associates landed in the capital and immediately moved to cut the size of the federal government …
Ryan Browne / CNBC:
ASML reports Q4 net profit of €2.69B on €9.26B net sales, net bookings up 169% QoQ to €7.09B, and expects 2025 net sales of €30B to €35B, up from €28.3B in 2024  —  Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings …
Ryan Browne / CNBC:
ASML CEO Christophe Fouquet says cheaper AI “could mean more applications” and “more demand over time”, and “cost and energy” are the big issues to address
Bloomberg:
Sources: the Trump administration is exploring additional curbs on the sale of chips to China to cover Nvidia's scaled-down H20, designed for the Chinese market  —  - Officials had very early talks about restricting the H20 chip  — Nvidia designed the scaled-down H20 product for Chinese market

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, January 29, 2025.

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

Anthony D'Alessandro / Deadline:
Rentrak: US summer 2026 box office revenue hit a record $4.76B, beating 2013's record, with each of the four months topping $1B for the first time

Melanie Goodfellow / Deadline:
France and Korea pledge to invest $1.16B in the global screen industries from 2027 to 2031, as part of the Lumière Summit in France for preservation of cinema

Nadia Khomami / The Guardian:
An archive of more than 100 hours of Oasis recordings, amassed by the band's sound engineer, is to be auctioned for up to £1.6M despite objections from the band

More News

Meir Orbach / CTech:
Maryland-based Tenable, which specializes in security exposure management, agrees to acquire Israel-based Vulcan Cyber in a ~$150M deal set to close in Q1 2025
Andrew J. Hawkins / The Verge:
Waymo plans to test AVs in 10 new US cities in 2025, starting with Las Vegas and San Diego, as it plans robotaxi operations in Austin, Atlanta, and Miami soon
Alex Weprin / The Hollywood Reporter:
Netflix now lets iPhone and iPad app users download an entire TV show season with one tap, a much-requested feature that launched on Android in 2021
Gene Maddaus / Variety:
The US Copyright Office says using AI tools to assist in creative processes doesn't compromise copyright protections as long as the content has human authorship
Christopher Dring / Video Games Chronicle:
Ampere: users spent $465M on Microsoft games in December, making it the biggest publisher, ahead of EA's $366M; Call of Duty HQ had 38M MAUs in November 2024
Jay Peters / The Verge:
Comcast starts rolling out its “pioneering new, ultra-low lag connectivity experience” to select US cities, using the L4S standard to significantly cut latency

Earlier Picks

Ben Wilson / Windows Central:
Nvidia GeForce RTX 5080 review: slim, lightweight, reasonable power draw, and DLSS 4, but mild generational performance uplift and spotty availability at launch
Wall Street Journal:
US officials and Google researchers: China, Iran, and 18+ other countries use AI tools like Gemini to bolster their cyberattacks against US and global targets
Ryan Gallagher / Bloomberg:
The UK National Audit Office says the government was operating at least 228 “legacy” computer systems as of March 2024, increasing the risk of a disruptive hack
bellingcat:
A look at MrDeepFakes, a site with obscure ownership that hosts non-consensual deepfake porn, has close to 650K members, and gets millions of visits per month
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