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October 31, 2025, 3:30 PM
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Top News

Annie Palmer / CNBC:
Amazon reports Q3 AWS revenue up 20% YoY to $33B, vs. $32.42B est., and AWS operating income up 9.5% YoY to $11.4B  —  Amazon said Thursday that revenue in its cloud computing business increased 20% in the third quarter, exceeding analysts' estimates.  —  Revenue at Amazon Web Services for the third quarter totaled $33 billion.
Taylor Soper / GeekWire:
Amazon CEO Andy Jassy says the 14,000-person layoffs were due to “culture” and “removing layers” from its internal structure, not really AI or financial factors  —  Amazon CEO Andy Jassy says the company's latest big round of layoffs — about 14,000 corporate jobs …
Mike Wheatley / SiliconANGLE:
Samsung says it's partnering with Nvidia to build an “AI Megafactory” and deploy over 50K of Nvidia's most advanced GPUs to embed AI in its chipmaking process  —  Samsung Electronic Co. Ltd. said today it's partnering with Nvidia Corp. to build an “AI Megafactory” …
Claudie Moreau / Euractiv:
Denmark says it will withdraw the EU “Chat Control” proposal, which would force tech companies to scan messages for CSAM, and instead support voluntary scanning  —  The Danes will seek to propose a voluntary detection regime in the CSAM proposal, instead of controversial mandatory detection orders
Meghan Bobrowsky / Wall Street Journal:
In their latest earnings reports, Meta, Alphabet, Microsoft, and Amazon have announced plans to increase their AI spending in 2026 to a combined $400B  —  Meta, Alphabet, Microsoft and Amazon will increase spending in 2026; ‘Are we in a bubble?’  —  Silicon Valley's biggest companies …
Matt Rosoff / The Register:
Microsoft's Q1 earnings, showing that it had a $3.1B net loss from its OpenAI stake, imply OpenAI lost $11.5B during the quarter based on Microsoft's 27% stake  —  Satya has also delivered Sam most of the cash he promised  —  Microsoft reported earnings for the quarter ended Sept. 30 …
RT Watson / The Block:
Tether reports that it has generated profits of over $10B during the first three quarters of 2025 and it has issued an additional $17B in USDT during Q3  —  - The world's largest stablecoin issuer reported that it has generated profits of over $10 billion during the first three quarters of this year.
Kif Leswing / CNBC:
Apple reports Q4 revenue up 8% YoY to $102.47B, vs. $102.24B est., net income up 86% to $27.5B, and FY 2025 revenue up 6% to $416.16B  —  Apple reported fiscal-fourth quarter earnings on Thursday that beat analyst expectations, and provided a strong forecast for the company's December quarter.
Stephen Nellis / Reuters:
Apple expects Q1 revenue to grow 10% to 12% YoY, with iPhone sales up by double digits, and reports Q4 China revenue down 4% YoY to $14.5B, vs. $16.24B est.
Pritam Biswas / Reuters:
Filing: Gloo, a developer of AI tools for Christian churches with ex-Intel CEO Pat Gelsinger as its head of technology, seeks an $873.4M valuation in its US IPO  —  Gloo Holdings, a religious-oriented technology firm, is seeking a valuation of up to $873.4 million in its U.S. initial public offering …
Elaine Pofeldt / Forbes:
Lettuce Financial, which offers an accounting, payroll, benefits, and tax compliance service for one-person businesses, raised $28M led by Zeev  —  How to break $1M in revenue in a business staffed only by the owners  —  Lettuce Financial, a San Francisco-based fintech platform for solopreneurs …
Mary Ann Azevedo / Crunchbase News:
Archy, which offers AI-powered dental practice management software, raised a $20M Series B led by TCV, bringing its total funding to $47M  —  It was 2021 and Jonathan Rat was tired of seeing his wife, a dentist, struggle to maintain the tech stack at her practice.
More: WebWire
Reuters:
Letter: Nexperia suspends supplies of wafers to its Chinese assembly plant, citing a failure to “comply with the agreed contractual payment terms”  —  Dutch chipmaker Nexperia has suspended supplies of wafers to its Chinese assembly plant, a letter addressed to its customers reviewed …

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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

Benjamin Mullin / New York Times:
Paramount completes its $110B acquisition of WBD, creating Skydance and putting David Ellison in control of Hollywood studios, streamers, and cable networks

Michael Schneider / Variety:
Amazon's Prime Video acquires exclusive global rights to the Primetime Emmys under a six-year deal from 2027; sources say Prime Video will pay ~$15M per year

New York Times:
Disney is seeking an injunction in US District Court to block the FCC from conducting an unusual, early review of eight ABC-owned station licenses

More News

Patrick Coffee / Wall Street Journal:
Google releases its first AI-generated ad, promoting Search's AI mode, but chooses not to include a label disclosing it was made with Veo 3 and other tools
Reuters:
Nvidia CEO Jensen Huang says he still hopes to sell the company's Blackwell chips to China “someday”, but points out the decision is up to President Trump
Alice Tecotzky / Business Insider:
SEC filing: Snowflake says an executive shared unauthorized financial guidance with an Instagram influencer; an Oct. 26 video interview features CRO Mike Gannon

Earlier Picks

Anna Washenko / Engadget:
OpenAI starts to sell extra credits for Sora, which currently has a limit of 30 free gens per day; 10 video gens will retail for $4 through Apple's App Store
Arsheeya Bajwa / Reuters:
Filing: Meta plans to raise money through bond offerings worth up to $30B; the company has said its capex next year would be “notably larger” than in 2025
Olga Kharif / Bloomberg:
Coinbase reports Q3 revenue up 55% YoY to $1.9B, vs. $1.8B est., net income up 473% to $433M, and trading volume up 59% to $295B
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