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October 27, 2023, 10:10 AM
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| Amazon: |
Amazon Q3: revenue up 13% YoY to $143.1B, net income up 244% to $9.9B, operating income up 343% to $11.2B, subscription revenue up 14% to $10.2B; AMZN jumps 6%+ — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2023.| Annie Palmer / CNBC: |
Amazon Q3: ad services revenue up 26% YoY to $12.1B, vs. $11.6B est., North American sales up 11% YoY to $87.9B, and International sales up 16% YoY to $32.1B — - Amazon blew past analyst expectations for revenue and earnings in the third quarter. — Revenue climbed 13% in the third quarter …
More: Silicon Republic, Cryptopolitan, Coinspeaker, NBC 7 San Diego, Media Play News, The Information, Search Engine Land, The Hollywood Reporter, Shacknews, Variety, and Wall Street Journal
X: @theo_wayt, @economyapp, @retail_guru, @datawithdev, @borrowed_ideas, and @susanlitv. LinkedIn: Annie Palmer
| Jordan Novet / CNBC: |
More: CIO.com, Seeking Alpha, Business Post, and Bloomberg
Bluesky: @glinden.bsky.social. X: @munster_gene, @zerohedge, @sarbjeetjohal, @borrowed_ideas, @munster_gene, @sarbjeetjohal, @quinnypig, @garyblack00, @quinnypig, and @quinnypig
| Ionut Ilascu / BleepingComputer: |
Microsoft publishes a profile of Octo Tempest, a “dangerous” hacking group targeting organizations across tech, gaming, financial services, and other sectors — Microsoft has published a detailed profile of a native English-speaking threat actor with advanced social engineering capabilities …
More: Microsoft Security Blog, The Register, TechRadar, Silicon Republic, Cybernews.com, and SiliconANGLE
Mastodon: @campuscodi@mastodon.social and @eric_capuano@infosec.exchange
X: @sixdub, @itsreallynick, @ericgeller, @itsreallynick, @msftsecintel, @spfcyberlaw, @jdallman, and @virusbtn. Forums: r/InfoSecNews
| Financial Times: |
In a testimony without the jury present, SBF says he followed the counsel of lawyers to make critical decisions around passing FTX customer money to Alameda — Former crypto billionaire blames lawyers as court hears first snippets of testimony without jury present
More: CoinDesk, Unchained Crypto, Slate, Axios, Reuters, Reuters, Bitcoin News, Cryptopolitan, CoinDesk, Bloomberg, The Verge, Crypto Daily, Bitcoin Insider, Tech in Asia, Business Today, Blockonomi, DL News, Tech Xplore, Insider, TIME, Wall Street Journal, Matthew Russell Lee's …, Washington Post, Barron's Online, Associated Press, Fast Company, The Daily Beast, Fortune, The Information, TechCrunch, Gizmodo, Cointelegraph, PYMNTS.com, Watcher Guru, BBC, and New York Times
X: @innercitypress, @autismcapital, @eriqgardner, @autismcapital, @cryptadamist, @innercitypress, @bitmexresearch, @eleanorterrett, @ashbennington, @awice, @silvermanjacob, @nikhileshde, @jonathanreidr, @katiebakes, @lex_node, @innercitypress, @poordart, @adamscochran, @molly0xfff, @leomschwartz, @coinbureau, @iamnomad, @nikhileshde, @innercitypress, @innercitypress, @innercitypress, @zackdabrams, @petebrush, @tiffanyfong_, @caspiancey, @dylanleclair_, @ddiamond, @jacqmelinek, @cuntycakes123, @leahlibresco, @janesports, @innercitypress, @edgefills, @jespow, @theklineventure, @spreekaway, @jacqmelinek, @jackfarley96, @bendwalsh, @zguz, @bitmexresearch, @visionaryreaper, @jayshams, @molly0xfff, @ryansadams, and @davidzmorris
| Bloomberg: |
A live blog of Sam Bankman-Fried's testimony in front of a jury at his criminal fraud trial in NYC over the collapse of FTX — Welcome to TOPLive. FTX co-founder Sam Bankman-Fried is taking the witness stand at his own fraud trial in New York over the collapse of the cryptocurrency exchange.
More: Cointelegraph, The Crypto Basic, CoinGape, Rolling Stone, New York Times, The Guardian, Wall Street Journal, New York Post, TechCrunch, and Reuters
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Forums: r/Buttcoin and r/ethtrader
| Kirsten Korosec / TechCrunch: |
Cruise pauses all driverless operations two days after the California DMV suspended its permits, but will continue operating supervised autonomous vehicles — Cruise said Thursday evening it has paused all driverless operations, a decision that comes just two days after the California Department …
More: The Verge, Financial Times, New York Times, CNBC, Engadget, Forbes, Wired, Reuters, and The Last Driver License Holder
Mastodon: @carnage4life@mas.to. X: @cruise, @cruise, @cruise, @binarybits, @paulmarks12, @binarybits, @paigeforaustin, @davidzipper, and @johnwilson. Forums: r/sanfrancisco
| Kyle Wiggers / TechCrunch: |
OpenAI forms Preparedness, a new team to assess, evaluate, and probe AI models to protect against “catastrophic risks”, including biological and nuclear threats — OpenAI today announced that it's created a new team to assess, evaluate and probe AI models to protect against what it describes as “catastrophic risks.”
More: OpenAI, The Decoder, PCMag, Cointelegraph, Bitcoin Insider, Metaverse Post, Analytics India Magazine, The Hill, and Baseline
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| Casey Hall / Reuters: |
Documents: Shein and PDD's Temu file joint declarations in the US to end their legal fights, asking judges to dismiss the cases “without prejudice” — Fierce rivals Shein and PDD Holdings-owned (PDD.O) Temu have applied to end their legal fights with each other in the U.S. …
More: Tech.co and Tech in Asia
| Mia Sato / The Verge: |
Businesses are using SEO-driven names like Thai Food Near Me and Dentist Near Me to optimize for Google Search, but the scheme is likely technically ineffective — Thai Food Near Me, Dentist Near Me, Notary Near Me, Plumber Near Me — businesses across the country picked names meant to outsmart Google Search.
X: @megangra, @gpanger, and @lorenzojuniah
| Supantha Mukherjee / Reuters: |
The UN creates a 39-member body, including tech executives, government officials, and academics, to examine issues in the international governance of AI — The United Nations Secretary-General António Guterres on Thursday announced the creation of a 39-member advisory body to address issues … | Manish Singh / TechCrunch: |
Filing: Tata Group acquires the India unit of Apple manufacturer Wistron for $125M; an Indian IT minister says Tata will make iPhones for the global market — Tata Group will start making iPhones in India for the local and global markets, India's Deputy IT Minister Rajeev Chandrasekhar said on Friday … | Counterpoint Research: |
Chinese smartphones sales fell 3% YoY in Q3; Honor leads with 18.3%, Huawei grew the most, up 37% YoY, after the Mate 60's launch, and Apple dropped 10% YoY — - In Q3 2023, smartphone sales in China declined 3% YoY in a sign the market could be closer to bottoming out.
More: PhoneArena, Asia Financial, Huawei Central, CNBC, PingWest, and 9to5Mac
| Chavi Mehta / Reuters: |
Intel Q3: revenue down 8% YoY to $14.2B, Data Center and AI Group revenue down 10% YoY to $3.8B, and forecasts Q4 revenue above estimates; INTC jumps 10%+ — Intel (INTC.O) forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic of a healthy rebound in client orders …
More: Intel Corporation, The Verge, ITPro, PC Gamer, Coinspeaker, SiliconANGLE, MarketWatch, and Bloomberg
| Mark Gurman / Bloomberg: |
What to expect from Apple's “Scary Fast” event on Monday: high-end MacBook Pros with M3 Pro and M3 Max, new 24-inch iMac with M3, and USB-C accessories — The company is poised to introduce computers with speedier chips. — Apple Inc.'s last product unveiling of the year kicks off on Monday …
More: MacRumors, The Verge, MacRumors, 9to5Mac, AppleInsider, MacDailyNews, iMore, Wccftech, BGR, Mashable, The Economic Times, Digital Trends, MobileSyrup, and Engadget
Forums: r/apple, MacRumors Forums, and MacRumors Forums
| Financial Times: |
Sources detail the rushed timeline for the UK's AI Summit, its expanded scope, which now covers everything from healthcare to deepfakes, and more — Global political leaders and tech executives will gather in UK next week to discuss risks of new technology| Evelyn Cheng / CNBC: |
Huawei reports Q3 revenue up 1% YoY to ~$19.9B, revenue for Q1 to Q3 2023 up 2.4% YoY to ~$62.3B, and a 16% profit margin in Q1 to Q3, up from 15% in H1 2023 — - Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.Sponsor Posts
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