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October 31, 2025, 12:50 PM
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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.
Amazon:
Amazon reports Q3 revenue up 13% YoY to $180.2B, a $21.2B net income vs. $15.3B in Q3 2024, and operating income flat at $17.4B; AMZN jumps 10%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2025.
Annie Palmer / CNBC:
Amazon raises its forecast for capital expenditures to $125B in 2025, up from its earlier estimate of $118B, and says that number will likely increase in 2026  —  Amazon shares jumped more than 13% in extended trading Thursday after the company posted third-quarter earnings that exceeded expectations …
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
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 …
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” …
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.
Apple:
Apple Q4: iPhone up 6% YoY to $49.03B, vs. $50.19B est., Mac up 13% to $8.73B, iPad flat at $6.95B, and Wearables, Home, and Accessories flat at $9.01B
Loree Seitz / The Wrap:
Apple reports Q4 revenue from Services, which includes the App Store, Apple Pay, Apple TV, Apple Music, and iCloud, up 15% YoY to $28.75B, vs. $28.17B est.
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 …
Dan Primack / Axios:
Human Interest, a 401(k) platform for SMBs that aims to cut down on administrative work, raised $100M+ at a $3B post-money valuation, up from $1.3B in 2024  —  Human Interest, a San Francisco-based 401(k) platform, tells Axios that it's raised over $100 million at a $3 billion post-money valuation.
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  —  Expect more monetization moves from the company soon.  —  OpenAI has started selling power users extra credits for its Sora AI video generation tool.
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  —  Nvidia (NVDA.O) CEO Jensen Huang said on Friday he hoped the company's state-of-the-art Blackwell chips can be sold in China …
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  —  Shares of Coinbase Global Inc. rose more than 4% after the largest US crypto exchange reported revenue that exceeded Wall Street's third-quarter estimates.
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  —  - Snowflake filed an 8-K after an exec gave financial guidance in an influencer's video.  — The data-storage company said investors …

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From Mediagazer

Angela Fu / Poynter:
AI company Nota is shutting down its network of 11 local news sites for “underserved communities” because they contained dozens of instances of plagiarism

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Michael Calderone / The Wrap:
The Atlantic hired ~30 WaPo reporters in the last couple of years, including four since WaPo's cuts, indicating WaPo retention issues; Atlantic has 200+ staff

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

Earlier Picks

John Melloy / CNBC:
Netflix announces a 10-for-1 stock split, after its shares boomed over the last three years to above $1,000 a share
Jonathan Vanian / CNBC:
Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+
Cognition:
Cognition releases SWE-1.5, a new coding model in Windsurf, saying it partnered with Cerebras to serve SWE-1.5 at speeds up to 13x faster than Claude Sonnet 4.5
Maximilian Henning / Euractiv:
The ICC plans to switch from Microsoft Office to Open Desk, a European open source alternative, amid concerns about public bodies' reliance on US tech companies
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