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November 7, 2023, 11:45 PM
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| Mark Gurman / Bloomberg: |
Sources: Apple last week paused developing iOS 18, macOS 15, iPadOS 18, and watchOS 11 to fix bugs and improve performance, and plans to resume work this week — - Rare move designed to focus on improving quality, performance — Despite pause, software releases will likely stay on schedule
More: 9to5Mac, Benzinga, Pixel Envy, PhoneArena, iThinkDifferent, MacRumors, Supercharged, Neowin, Trusted Reviews, Macworld, BGR, Forbes, Tom's Guide, nextpit, TechSpot, iPhone in Canada Blog, and AppleInsider
X: @rosesilicon, @nevhoffman, @t87, @markgurman, @zollotech, @classicii_mrmac, @stevemoser, and @patrickmoorhead
Forums: Hacker News, r/programming, r/apple, Slashdot, and MacRumors Forums
| Ben Thompson / Stratechery: |
An analysis of OpenAI's DevDay keynote: impressive live demos, the shift from plugins to custom GPTs, Microsoft's role in making GPT-4 Turbo cheaper, and more — In 2013, when I started Stratechery, there was no bigger event than the launch of the new iPhone; its only rival was Google I/O … | Brian Fung / CNN: |
Former Meta consultant Arturo Béjar's Senate testimony: Meta executives ignored warnings of harms to teens and carefully crafted metrics to downplay the issue — Meta's top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram …
More: Senate Committee on the Judiciary, Engadget, Reuters, BBC, Associated Press, Associated Press, CNBC, Washington Post, NPR, Deseret News, The Record, Hartford Courant, The Hill, NTD, Washington Examiner, Courthouse News Service, The Hill, and Public Citizen
Threads: @senatorbennet and @b_fung
X: @bostonjoan, @hawleymo, @franceshaugen, @senblumenthal, @franceshaugen, @zamaan_qureshi, @aaschapiro, @franceshaugen, @bostonjoan, @evan_greer, @franceshaugen, @zsk, @franceshaugen, @franceshaugen, @bostonjoan, @jason_kint, @jason_kint, @franceshaugen, @zamaan_qureshi, @judiciarydems, @franceshaugen, @franceshaugen, @aaschapiro, @franceshaugen, @hawleymo, @zamaan_qureshi, @franceshaugen, @franceshaugen, @franceshaugen, @marshablackburn, @franceshaugen, @hawleymo, @franceshaugen, @zamaan_qureshi, @franceshaugen, @franceshaugen, @_andyburrows, and @hawleymo
| Kyle Wiggers / TechCrunch: |
More: Tech Coalition, Meta, The Verge, Neowin, and The Messenger
LinkedIn: Vincent Courson, Nicola Mendelsohn Cbe, and Lauren Tharp
| Matt G. Southern / Search Engine Journal: |
Google adds generative AI features to its Performance Max ad platform, rolling out first as a beta to all US advertisers by the end of the year — Google launches generative AI in Performance Max to help marketers easily create customized text and image ads at scale.| Nilay Patel / The Verge: |
Q&A with Barack Obama on regulating social media and AI, privacy bills, Biden's EO on AI, incumbents embracing AI regulation, generative AI IP issues, and more — The former president joined me on Decoder to discuss AI regulation, the First Amendment, and of course, what apps he has on his homescreen.| Kia Kokalitcheva / Axios: |
IBM debuts a $500M enterprise AI venture fund to invest in startups across all stages, with no set target of annual investments or capital deployment timeline — IBM is dedicating $500 million to invest in generative AI startups focused on business customers.
More: IBM, VentureBeat, Cointelegraph, SiliconANGLE, The Information, CryptoSlate, PYMNTS.com, CIO Dive, AIN.Capital, WRAL TechWire, and CoinStats
Bluesky: @marypcbuk.bsky.social. LinkedIn: Roger Premo, William, Patrick Moorhead, Dylan Gochie-Amaro, and Sebastian Krause
| Bloomberg: |
Sources: USDC stablecoin issuer Circle is considering an IPO early in 2024; Circle was valued at $9B when it tried to go public via SPAC in 2022 — - Backers include Goldman Sachs, General Catalyst and BlackRock — Circle had tried to go public via blank-check deal in 2022| ABC: |
Australian mobile network Optus is suffering an outage impacting millions of customers, including major hospitals and Melbourne's Metro Trains — Loading... Optus says some services are “gradually being restored” but it may take a few more hours until the whole network is back online. — Key points:
More: Reuters, Australian Financial Review, Australian Financial Review, BBC, TweakTown, iTnews, Cybernews.com, The Verge, and Bloomberg
X: @optus_help, @optus_help, @netblocks, @michaelsnape, @spudbenbean, @optus_help, @chercanda, @netblocks, and @jaynedotcom_. LinkedIn: Alexander Slade
Forums: r/australian and r/PrepperIntel
| Kate Clark / The Information: |
Document: Coatue cut the value of its $120M stake in OpenSea to $13M as of Q2 2023, implying a valuation of $1.4B or less, down from $13.3B in January 2022 — One of OpenSea's biggest investors has marked down by 90% its stake in the struggling non-fungible-token marketplace … | Harri Weber / TechCrunch: |
Ann Arbor-based autonomous vehicle startup May Mobility, backed by Toyota and BMW, raised a $105M Series D led by NTT Group, taking its total funding to $300M+ — May Mobility has raised hundreds of millions from some of the biggest names in the auto industry, but if you haven't heard …
More: TESLARATI, May Mobility, Nikkei Asia, Reuters, Crunchbase News, FinSMEs, and Telecoms Tech News
X: @harriblogs and @reallisadaly
| Dan Taylor / Tech.eu: |
Milan-based Qomodo, which offers multiple payment services to consumers and retailers, including BNPL options, raised a €34.5M pre-seed led by Fasanara Capital — Milan-based payment aggregator Qomodo raises €34.5 million in Pre-Seed funding, offering a variety …
More: FinSMEs, Silicon Canals, EU-Startups, and Financial IT
| Stefania Palma / Financial Times: |
The CFPB proposes new powers to oversee companies that offer digital wallets and payment apps facilitating 5M+ transactions per year, or currently ~17 companies — Proposal would subject tech companies such as Apple and Google to new rules — The top US consumer finance regulator is seeking … | Aamir Siddiqui / Android Authority: |
Google Photos' Magic Editor will now refuse to edit photos of ID cards, human faces and body parts, receipts, and other images of personally identifiable info — - Code within the latest version of Google Photos includes specific error messages that highlight the edits that Magic Editor will refuse to do.
More: Mashable, TechRadar, Gizmodo, Pocket-lint, and The Verge
| Emily Bary / MarketWatch: |
Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+ — Profit outlook moves higher, but one analyst is concerned about the new top-line forecast — Shares of Toast Inc. were getting singed …
| Andrew Webster / The Verge: |
Crunchyroll debuts Game Vault, offering five mobile games for free to subscribers of its two higher-cost tiers, and promises a “new wave of titles coming soon” — Crunchyroll is making a bigger push into games. … The new feature is called the Crunchyroll Game Vault and is available starting today.
More: Destructoid, Lifewire, Android Headlines, GameSpot, Mashable, VentureBeat, Gizmodo, CNET, SlashGear, Variety, TouchArcade, IGN, Decrypt, and Cord Cutters News. Bluesky: @epro.social
| Kyle Wiggers / TechCrunch: |
Microsoft adds a no-cost Azure AI option for Nvidia GPU clusters to its Startups Founders Hub, in preview first for YC startups and coming later to M12 startups — In the midst of an AI chip shortage, Microsoft wants to give a privileged few startups free access to “supercomputing” … | Platformer: |
Sources: employees at X are increasingly being asked to spend time working on xAI initiatives, as xAI is using GPUs that once belonged to Twitter — Today, some notes on how the tech industry's tectonic shift toward artificial intelligence is playing out inside X — and raising questions … | Yoolim Lee / Bloomberg: |
Coupang reports Q3 net revenue up 21% YoY to $6.2B, vs. $5.9B est., net income of $91.3M, vs. $119M est., and active customers up 14% YoY to a record 20.4M+ — - Despite disappointing profit, revenue beats projections — Korea's top online mall is stepping up investments in Taiwan
More: PYMNTS.com, The Korea Times, and Coupang
| Anissa Gardizy / The Information: |
Source: Amazon is developing a new LLM, codenamed Olympus, which could be announced by December and may power new features for the online store, Alexa, and AWS — Uber is finally on the right road. That could be Uber CEO Dara Khosrowshahi's motto today, as the ride-hailing … | Ashlee Vance / Bloomberg: |
A look at Neuralink: neuroscientists worry over hype given the level of coverage, but its FDA-approved trial is exciting and its tech is potentially miraculous — Neuralink has FDA clearance to start messing with people's heads—and not just figuratively. — Elon Musk is preparing for the most consequential launch of his career.
More: The Information, Insider, New York Post, and Decrypt
| Cho Mu-Hyun / ZDNet: |
Samsung unveils a generative AI model called Gauss, which is being used for employee productivity internally and will be expanded to product applications — Samsung has for the first time publicly unveiled its own generative AI model dubbed Samsung Gauss on Wednesday.| Jay Peters / The Verge: |
Reddit starts testing its own add-ons, including those that make posts with live scoreboards and that help mods ban spammers, with a small number of subreddits — Reddit is beginning to test the first of its own add-ons built through its Developer Platform.| Reuters: |
Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+ — Bumble (BMBL.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday, in a sign that sticky inflation …
More: Bloomberg, Bumble Inc., Dow Jones Newswires, Observer, and Dow Jones Newswires
| Paige Smith / Bloomberg: |
Robinhood reports Q3 revenue up 29% YoY to $467M, vs. $478.9M est., trading revenue down 11% YoY to $185M, including crypto trading down 55% YoY; HOOD drops 8%+ — - Third-quarter crypto notional volumes fell 55% on the year — Online brokerage plans to launch EU crypto trading in weeksSponsor Posts
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