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October 18, 2024, 8:45 AM
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Top News

New York Times:
Sources describe OpenAI and Microsoft's fraying relationship, OpenAI renegotiating its deal for more computing power, Microsoft's own LLM efforts, and more  —  The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B  —  LOS ANGELES — Netflix reported earnings after the bell.  Here are the results.  — Earnings per share: $5.40.  That may not compare with the $5.12 expected by LSEG.
Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available
Nate Raymond / Reuters:
X updates its ToS to steer any disputes by users to the US District Court for the Northern District of Texas, whose judges often favor conservative litigants  —  Elon Musk's X has updated its terms of service to steer any disputes by users of the social media platform formerly known as Twitter …
Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist  —  Prabhakar Raghavan, the most senior Google executive overseeing its search engine and ads products, is leaving the role after a four-year tenure leading …
Ina Fried / Axios:
Google announces a reorganization: Gemini App team will join DeepMind under Demis Hassabis and Assistant teams will move to Platforms & Devices
Ina Fried / Axios:
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more  —  - It also is updating its mobile app to support “mini apps” from various third parties.  —  World said the new version …
Qianer Liu / The Information:
Sources: the US is probing if TSMC has been making AI or smartphone chips for Huawei in breach of US sanctions, including Huawei buying chips via intermediaries  —  The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co. has been making artificial intelligence …
Todd Feathers / Gizmodo:
The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY  —  The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.
Rich Woods / XDA Developers:
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”  —  - Qualcomm canceled the Snapdragon Dev Kit & will offer refunds, as the product failed to meet its “standards of excellence”.
Reuters:
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers  —  Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
Will Shanklin / Engadget:
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”  —  With the number of Americans 65 and older expected to balloon by nearly 50 percent by 2050, the rules will ensure those with hearing loss …
Samantha Cole / 404 Media:
Sources: Matt Mullenweg offered another buyout offer to Automattic staff; Mullenweg appears to have redirected staff's Blind sign-up emails to himself  —  After an exodus of employees at Automattic who disagreed with CEO Matt Mullenweg's recently divisive legal battle with WP Engine …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:45 AM ET, October 18, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Michael D. Shear / New York Times:
Trump threatens to sue the BBC over the Panorama edit, seeking “no less than $1B in damages” if he does not get a full retraction and an apology

Anna Kaminski / Kansas Reflector:
The county involved in the 2023 raid of the Marion County Record in Kansas agrees to pay a cumulative $3M to three journalists and a city councilor

Todd Spangler / Variety:
Paramount Skydance plans to increase Paramount+ prices in the US starting January 15; monthly rates will rise $1, ad-supported tier will rise $30 to $90/year

More News

Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market
Forbes:
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
Kali Hays / Fortune:
Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits

Earlier Picks

Sara Fischer / Axios:
Memo: Google will block US election ads after the polls close on November 5 to prevent voting misinformation, including candidates prematurely claiming victory
Jagmeet Singh / TechCrunch:
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool
Sarah Wynn / The Block:
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs
Emma Roth / The Verge:
On a podcast, Donald Trump says Tim Cook called him “hours ago” to complain about EU fines and that Cook said the EU uses fines “to run their enterprise”
Sarah Perez / TechCrunch:
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions
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