Techmeme
October 23, 2019, 10:00 PM

Top News

Cade Metz / New York Times:
Google claims “quantum supremacy” after its Sycamore processor completed a calculation in 3 min 20 sec that would take 10K+ years on today's supercomputers  —  SAN FRANCISCO — Google said on Wednesday that it had achieved a long-sought breakthrough called “quantum supremacy,” …
IBM Research Blog:
IBM says Google's experiment is an excellent demo of quantum computing progress, but not proof that quantum computers are “supreme” over classical computers  —  Quantum computers are starting to approach the limit of classical simulation and it is important that we continue …
Microsoft:
Microsoft reports Q1 revenue of $33.1B, up 14% YoY, as net income rises 21% YoY to $10.7B; Intelligent Cloud revenue rose 27% YoY to $10.8B, driven by Azure  —  REDMOND, Wash. — October 23, 2019 — Microsoft Corp. today announced the following results for the quarter ended September 30 …
Dina Bass / Bloomberg:
Microsoft Azure Q1 revenue growth has slowed down to 59%, compared to 64% in Q4, and 73% in Q3  —  - Demand for cloud services remains strong, but is decelerating  — Office 365 revenue jumped 25% in fiscal first quarter  —  Microsoft Corp. posted sales and profit that topped analysts' projections …
More: Windows Central and MSPoweruserTweets: @whatthebit
Tom Warren / The Verge:
Microsoft's Q1 Surface revenue declined by 4% YoY, which was blamed on the lack of new or refreshed products, as gaming revenue declined by 7% YoY  —  No new Surface or Xbox hardware in recent quarter  —  Microsoft posted the first quarter of its 2020 financial results today …
Tony Romm / Washington Post:
At a hearing on Libra, Mark Zuckerberg was grilled by House lawmakers from both parties on the proposed cryptocurrency, privacy, diversity, and misinformation  —  The social media giant's chief executive took an early lashing Wednesday over the company's policies to spot and prevent the spread disinformation.
Alexi McCammond / Axios:
Memo from a departing chief of White House security lays out how an ongoing reorg under the Trump administration has left its networks more vulnerable to attack  —  An internal memo on cybersecurity, obtained by Axios, warns that “the White House is posturing itself to be electronically compromised once again.”
Joseph Cox / VICE:
Leaked presentation shows Comcast is lobbying US lawmakers against Google and Mozilla's plan to encrypt DNS data, making it harder for ISPs to track users  —  Motherboard has obtained a leaked presentation internet service providers are using to try and lobby lawmakers against a form of encrypted browsing data.
Ryan Gallagher / Bloomberg:
Google employees accuse the company of making an internal tool to monitor attempts to organize meetings; Google says it's only to prevent calendar spam  —  - Company says it's an effort to curb calendar, meeting spam  — Allegation underscores tensions between employees, leadership
CNBC:
WeWork says SoftBank will provide $5B in new financing and buy up to $3B in shares from existing shareholders, which would give SoftBank an 80% stake in WeWork  —  - CNBC's David Faber previously reported that SoftBank was seeking to take control of WeWork through a financing package.
Sarah Lacy / Pando:
Sarah Lacy and Paul Carr sell Pando, seven years after launching it, to ad-tech company BuySellAds, which bought Digg in 2018  —  If there is a single moment when it seemed like my journalism career suddenly caught fire, it was the 2006 Business Week cover story I wrote about the rise of Web 2.0 companies.
Sarah Emerson / VICE:
Documents show how Facebook uses Menlo Park's police department, which includes a Facebook-funded unit for campus patrol duties, amid racial profiling concerns  —  Hundreds of pages of documents obtained by Motherboard show how Facebook is using the Menlo Park Police Department to reshape the city.
Wall Street Journal:
Investigation: Amazon sells cheap clothes made in dozens of Bangladeshi factories, most of which are deemed too dangerous for workers by other big retailers  —  After a deadly 2013 factory collapse, most big U.S. apparel companies agreed to steer clear of dangerous plants in Bangladesh.  Not Amazon.
eMarketer:
Apple Pay overtook Starbucks as the top mobile payment app in US in 2018 with 27.7M users, will grow to 30.3M users in 2019 representing a 47.3% market share  —  Nearly 30% of US smartphone users will use a mobile payment app … For the first time, a generic mobile payment app is more popular …
Emily Bary / MarketWatch:
PayPal reports Q3 revenue of $4.38B, up 19% YoY, and profits of $462M, beating analyst estimates, as it adds 9.8M new accounts, bringing the total to 295M  —  PayPal Holdings Inc. shares were up sharply in after-hours trading Wednesday after the company beat estimates across the board with its third-quarter numbers.
Kerry Flynn / CNN:
A look at LinkedIn's efforts to curate news using human editors, with a 65-strong team globally, as it seeks to boost engagement  —  New York (CNN Business)In Dan Roth's dream world, members of LinkedIn, where he has served as editor in chief since 2011, would habitually read the LinkedIn Daily Rundown with their morning cup of coffee.
Stephen Shankland / CNET:
Samsung unveils Exynos 990, its new flagship SoC that's 20% faster overall and 2x faster on AI-specific tasks, and a new 5G modem, both made with a 7nm process  —  If you buy next year's flagship Samsung Galaxy phone, it might come with a performance boost from a new processor the Korean electronics giant announced Wednesday.

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