Techmeme
February 2, 2024, 11:10 AM

Top News

Apple:
Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas net sales up 2% to $50.4B, and Europe net sales up 10% to $30.4B  —  Services revenue reaches new all-time record EPS up 16 percent to new all-time high  —  Apple® today announced financial results …
William Gallagher / AppleInsider:
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features and the company plans to detail its ongoing work “later this year”  —  Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Kif Leswing / CNBC:
Todd Spangler / Variety:
Meta:
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023.
Sarah Perez / TechCrunch:
Subrat Patnaik / Bloomberg:
Sarah Perez / TechCrunch:
Jonathan Vanian / CNBC:
Rohan Goswami / CNBC:
James Fanelli / Wall Street Journal:
Sources: in January, the US DOJ charged three people with a phone-hacking scheme that included the hack of FTX to steal $400M+ at the time of its 2022 collapse  —  The hack coincided with the crypto exchange's meltdown more than a year ago  —  Federal investigators appear to have cracked …
Barry Schwartz / Search Engine Land:
Google dropped the cache link from Search results snippets last week and plans to remove the cache functionality entirely “in the near future”  —  Google officially removed the cache link from the Google Search results snippets last week and Google confirmed that it will remove …
Sergiu Gatlan / BleepingComputer:
Cloudflare says it was hacked in November 2023 by a suspected “nation state attacker” who used auth tokens stolen in Okta's breach from October 2023  —  Cloudflare disclosed today that its internal Atlassian server was breached by a suspected ‘nation state attacker’ who accessed …
Todd Spangler / Variety:
Filing: Amazon spending on content rose 14% YoY to $18.9B in 2023 despite Hollywood strikes  —  While other media companies have been paring back content spending, Amazon shelled out more than $2 billion more in 2023 for TV shows, movies and music than it did a year earlier.
Amazon:
Akash Sriram / Reuters:
Rebecca Falconer / Axios:
Former CIA employee Joshua Schulte, who was convicted for leaking secrets to WikiLeaks, was sentenced to 40 years in prison on February 1 for espionage and more  —  A former CIA software engineer who was convicted of carrying out the largest data breach in the agency's history was sentenced …
Andy Greenberg / Wired:
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aiming to censor reports on Appin's alleged hacker-for-hire past  —  A loose coalition of anti-censorship voices is working to highlight the legal threats aimed at making reports of one Indian company's hacker-for-hire past disappear.
Asa Fitch / Wall Street Journal:
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026  —  Construction on two factories now slated to be finished in late 2026 as company also waits for government incentives
Sergiu Gatlan / BleepingComputer:
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions  —  Blackbaud has settled with the Federal Trade Commission after being charged with poor security and reckless data retention practices …
Sarah Perez / TechCrunch:
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers  —  Amazon announced today the launch of an AI-powered shopping assistant it's calling Rufus that's been trained on the e-commerce giant's product catalog …

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