October 25, 2023, 8:30 AM

Top News

Alphabet reports Q3 revenue up 11% YoY to $77B, net income up 42% YoY to $19.7B, and Google ad revenue up 9% YoY to $59.65B; GOOG drops ~6% on cloud sales miss  —  MOUNTAIN VIEW, Calif. - October 24, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2023.
Akash Sriram / Reuters:
Lauren Feiner / CNBC:
A bipartisan group of 42 attorneys general sue Meta in the US, alleging that Facebook and Instagram features are addictive and aimed at kids and teens  —  - A bipartisan group of 42 attorneys general is suing Meta, alleging features on Facebook and Instagram are addictive and are aimed at kids and teens.
Microsoft reports Q1 revenue up 13% YoY to $56.5B, net income up 27% YoY to $22.3B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 8% YoY  —  REDMOND, Wash. — October 24, 2023 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2023 …
Jordan Novet / CNBC:
Kirsten Korosec / TechCrunch:
California's DMV suspends Cruise's deployment and driverless testing permits, ending the GM self-driving car subsidiary's robotaxi operations in San Francisco  —  The California Department of Motor Vehicles said Tuesday it has immediately suspended Cruise's deployment and driverless testing permits …
Chris Welch / The Verge:
Qualcomm unveils the S7 and S7 Pro chips with increased memory, AI capabilities, and more, designed for earbuds, headphones, and speakers to be released in 2024  —  Any flagship pair of headphones or earbuds you buy nowadays is going to be very, very good.  Noise cancellation has grown …
Kris Holt / Engadget:
Kif Leswing / CNBC:
At a White House event, Apple says the company supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers  —  - Apple supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers.
Andrew Throuvalas / Decrypt:
BlockFi says the lending platform has emerged from bankruptcy and begun the process of repaying its creditors according to the terms of its bankruptcy plan  —  Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.
Mark Gurman / Bloomberg:
Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app  —  - Company envisions one place for customers to find video  — Dedicated apps for buying movies and shows will be phased out
China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties  —  - Beijing makes its first comment on inquiry into Apple partner  — China denies it is intervening in Taiwan's presidential race
Natasha Lomas / TechCrunch:
Experts say an EU plan requiring messaging services to scan for CSAM is the wrong response to a multifaceted problem and a direct threat to democratic values  —  A controversial child sexual abuse material (CSAM)-scanning proposal that's under discussion by lawmakers in Europe …
Dan Milmo / The Guardian:
The Internet Watch Foundation warns that generative AI is being used to create child sexual abuse imagery, and finds ~3K AI-made abuse images breaking UK law  —  Internet Watch Foundation finds 3,000 AI-made abuse images breaking UK law  —  The “worst nightmares” about artificial intelligence …
Dr. Ian Cutress / More Than Moore:
RISC-V chip designer SiFive, which has raised over $365M, lays off about 20% of its employees, or 120-130 people, across all business groups and levels  —  A quick one for you.  I have received reports, now from multiple sources, that the major torch bearer of the RISC-V platform …
Juli Clover / MacRumors:
Apple schedules a “Scary Fast” event for October 30 at 5PM PT; in the event teaser, an Apple logo morphs into the macOS Finder icon, suggesting a Mac focus  —  Apple today announced its second fall event of 2023, with the online event set to be held on Monday, October 30 at 5:00 p.m. Pacific Time.
Joe Rossignol / MacRumors:
Apple Pay Later launches for all eligible users in the US, following its invite-only early access prerelease version for “randomly selected users” in March 2023  —  Apple Pay Later appears to have officially launched for all qualifying U.S. residents today, as it is now widely available in the Wallet app on the iPhone.
Source: Indian tax authorities serve notices to online gaming companies demanding ~$12.03B in allegedly evaded taxes, after imposing a 28% gaming tax in August  —  Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) …
More: Tech in Asia

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