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November 8, 2024, 10:05 AM
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| MacKenzie Sigalos / CNBC: |
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income — WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
More: Block, Fortune, The Crypto Times, MarketWatch, SiliconANGLE, Blockhead, Bloomberg, and Benzinga. Threads: @kalihays1
| Aoyon Ashraf / CoinDesk: |
Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet — The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.
More: Music Ally, Blockonomi, TechCrunch, Coinspeaker, crypto.news, Cryptonews, CoinGape, and Decrypt
| Sarah Perez / TechCrunch: |
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …
More: TikTok, Spotify, Mashable, MSPoweruser, Engadget, Music Ally, PhoneArena, Neowin, Android Headlines, Billboard, Digital Music News, Social Media Today, Pocket-lint, How-To Geek, The Verge, Music Business Worldwide, and Music Week. Threads: @chris
| Anissa Gardizy / The Information: |
Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs — Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.
More: Spyglass, DatacenterDynamics, WinBuzzer, SiliconANGLE, TechCrunch, Reuters, and Benzinga
| Sebastian Sinclair / Decrypt: |
Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so — Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.
More: City of Detroit, CryptoSlate, Detroit Free Press, The Crypto Basic, Coinpedia Fintech News, Bitcoin Insider, Cryptopolitan, Blockonomi, Cryptonews, Benzinga, Cointelegraph, The Crypto Times, MLive.com, Crypto Briefing, CoinDesk, CoinGape, Watcher Guru, crypto.news, CBS News, and Originally Reported …
| Blake Brittain / Reuters: |
A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm — A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …
More: VentureBeat, Windows Central, Engadget, The Decoder, Cointelegraph, CCN.com, Bloomberg Law, WinBuzzer, Silicon Republic, Music Ally, and ai fray
| Bloomberg: |
Source: Baidu plans to unveil smart glasses with cameras and voice commands built atop AI model Ernie next week, launching as soon as early 2025 for under $299 — China's search leader and longtime investor in artificial intelligence plans to showcase the product at its annual Baidu World event …
More: Fortune, The Information, WinBuzzer, TechNode, and Tech in Asia. Bluesky: @marypcbuk.bsky.social
| Bloomberg: |
Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago — - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5 — Image sensor business was hurt by demand lull in North America| Mark Hachman / PCWorld: |
Mercury Research: AMD's desktop CPU market share, in units, grew from 19.2% in Q3 2023 to 28.7% in Q3 2024 and from 19.5% to 22.3% for mobile in the same period — AMD's desktop CPU market share jumped nearly 10 percent in the last year, an analyst reported Thursday, on the heels …
| Ming-Chi Kuo: |
Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier — Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026: — 1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025
More: MacRumors, AppleInsider, 9to5Mac, Android Authority, Neowin, Android Headlines, Mashable, Patently Apple, Wccftech, PhoneArena, and TechRadar
| Financial Times: |
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday — World's biggest contract chipmaker acts to ensure it is in line with US restrictions on Chinese access to latest processors| Ashley Capoot / CNBC: |
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., net income down 68% YoY, and Nights and Experiences Booked up 8% YoY to 122.8M, vs. 121.4M est. — Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat.| Thomas Brewster / Forbes: |
iVerify's founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign — The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.Sponsor Posts
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