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November 20, 2024, 5:10 PM
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memeorandum
WeSmirchTop News
| Daniel Howley / Yahoo Finance: |
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates — Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines …
More: Financial Times, Entrepreneur, Reuters, Blockworks, NVIDIA, Benzinga, Semafor, Proactive, Forbes, Constellation Research, Investopedia, Quartz, CNBC, and Invezz
| Sarah Wynn / The Block: |
A US judge sentences FTX co-founder Gary Wang to “time served”, meaning no jail time; Wang pleaded guilty in December 2022 to fraud charges after FTX collapsed — - Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier.
More: TechCrunch, CNBC, Reuters, Blockworks, Associated Press, Yahoo Finance, UPI, Watcher Guru, Cryptonews, DL News, New York Times, Decrypt, The Daily Hodl, Cryptopolitan, CoinDesk, Financial Times, Cointelegraph, crypto.news, Crypto Briefing, CoinGape, Bloomberg, Coinpedia Fintech News, Bitcoin Insider, CryptoSlate, The Crypto Times, and Better Markets
X: @innercitypress and @innercitypress
| Kyle Wiggers / TechCrunch: |
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI's o1, and plans to open source it — A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI's o1.
More: VentureBeat, MarkTechPost, and Pocket-lint
| Bloomberg: |
Sources: Trump's team is talking with the crypto industry over whether to create a White House post dedicated to cryptocurrency policy and is vetting candidates — - President-elect's team is vetting candidates for the job — Crypto industry executives spoke with Trump this week| Larry Dignan / Constellation Research: |
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours — Snowflake said it has inked a multi-year deal to bring Anthropic's Claude models to Snowflake Cortex AI.| Tom Warren / The Verge: |
Microsoft opens up Xbox Cloud Gaming to existing Xbox game libraries, letting Xbox Game Pass Ultimate subscribers stream 50 supported games they already own — Microsoft is starting to open up Xbox Cloud Gaming to existing Xbox game libraries today.
More: Xbox Wire, How-To Geek, VICE, Android Authority, Engadget, 9to5Google, Thurrott, Android Headlines, Gizchina.com, Eurogamer.net, Game Rant, CNET, Windows Central, Gematsu, Comic Book, MobileSyrup, Neowin, Video Games Chronicle, Pure Xbox, TrueAchievements, Kotaku, Gameranx, XboxEra, Digital Trends, Wccftech, and GameSpot
Bluesky: @vicious696.bsky.social and @ajguy.bsky.social
X: @xbox, @baldursgate3, @ethangach, and @jezcorden
Forums: r/Games, r/xcloud, r/xbox, r/SteamDeck, r/XboxIndia, and r/XboxGamePass
| Jennifer Pattison Tuohy / The Verge: |
Amazon unveils the $400 Echo Show 21, an upgrade to the Echo Show 15 from 2022, with a 21" 1080p display and auto-framing camera, and updates the Echo Show 15 — Amazon's first wall-mounted smart display just got a big upgrade. Today, the company announced the launch of the Echo Show 21 …
More: About Amazon, Engadget, Gizmodo, Android Authority, Android Police, TechHive, GeekWire, Forbes, MobileSyrup, The Ambient, Streaming Better, AFTVnews, Wired, Pocket-lint, Neowin, Tom's Guide, TechCrunch, Thurrott, TechRadar, T3, iClarified, MakeUseOf, PCMag, The Shortcut, Liliputing, 9to5Toys, and ZDNET
X: @patrick_orourke and @amazonnews
| Zac Hall / 9to5Mac: |
Meta unveils new Messenger features, including audio and video voicemail, AI backgrounds for video calls, and hands-free calling and messaging via Siri — There's a pretty cool update for Messenger out today. Meta has introduced phone and video calling voicemail, similar to FaceTime.
More: Meta, How-To Geek, MacRumors, The Verge, Engadget, TechCrunch, iPhone in Canada Blog, and Social Media Today
| Wall Street Journal: |
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis — The artificial intelligence startup has more than doubled its valuation from the spring — Elon Musk's artificial intelligence startup … | Jeff John Roberts / Fortune: |
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network — Barry Silbert isn't done yet. The billionaire entrepreneur first made his mark in finance when, at age 17 … | Sarah Perez / TechCrunch: |
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds — As X competitor Bluesky takes off, topping 20 million users, Meta's own Twitter-like app, Instagram Threads, has begun rolling …
More: The Verge, 9to5Mac, Engadget, PhoneArena, and iPhone in Canada Blog
Threads: @mosseri, @renewable_energy_club, @jitpal, @nwbrownboi, @thebrianpenny, @bluesky_social, @tomwarrenuk, and @thebrianpenny. Bluesky: @jaypeters.net
| Hayden Field / CNBC: |
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI's marketshare in enterprise AI declined from 50% to 34% — Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.
More: Menlo Ventures. Mastodon: @glinden@sigmoid.social. X: @deedydas, @edzitron, @derekgxiao, and @menloventures. LinkedIn: Hayden Field
| Rest of World: |
GSMA: 4.6B people are now connected to mobile internet, or 57% of the world; mobile subscriber growth fell to 160M in 2023, from 200M per year from 2015 to 2021 — What happened to the “next billion” internet users? They're already online. — 57% of the population is already connected to mobile internet.| Margi Murphy / Bloomberg: |
US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto — - $11 million stolen in years-long campaign targeting US firms — Loosely-knit group consists of young men in US and UK
More: PCMag, The Record, CyberScoop, Reuters, TechCrunch, US Department of Justice, BleepingComputer, and crypto.news
| David Streitfeld / New York Times: |
How Google spent 15 years creating a culture of concealment, telling staff to destroy messages, avoid some words, and copy in lawyers, as it faces US lawsuits — Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.
More: Quartz. Mastodon: @startmail@mastodon.social and @jeffjarvis@mastodon.social
Bluesky: @paulthedogman.bsky.social, @randomwalker.bsky.social, @bcappelbaum.bsky.social, and @kint.bsky.social
X: @kamylbazbaz, @matthewstoller, and @joshokane
Forums: Hacker News, r/technology, and r/privacy
| Parmy Olson / Bloomberg: |
As OpenAI, Anthropic, and Google reportedly see diminishing generative AI training returns, a market hype break may be useful, just as with previous innovations — Businesses will benefit from some much-needed breathing space to figure out how to deliver that all-important return on investment.
More: The Information, Silicon UK, and Mobile World Live
| Ingrid Lunden / TechCrunch: |
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta — H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million …
More: The New Stack, Put AI to Work for You, Semafor, Bloomberg, Put AI to Work for You, SpicyIP, and CIO.com
| Wired: |
An investigation reveals how phone coordinates collected by US data broker Datastream expose the movements of US military and intelligence workers in Germany — More than 3 billion phone coordinates collected by a US data broker expose the detailed movements of US military and intelligence workers …
More: Metacurity and Pixel Envy
Mastodon: @aram@aoir.social. Bluesky: @karlbode.bsky.social, @rjgallagher.co.uk, @timmarchman.bsky.social, @dmehro.bsky.social, @shiraovide.bsky.social, @laraoreilly.bsky.social, @lukaszolejnik.bsky.social, @joannestocker.bsky.social, @europaulb.bsky.social, @matthewchampion.bsky.social, @hatr.bsky.social, @mattburgess1.bsky.social, @cutterkom.bsky.social, and @jospang.bsky.social
X: @samfbiddle, @dmehro, @billmarczak, @jshermcyber, @johnnyryan, and @dmehro
Forums: r/army, r/technology, r/politics, r/technews, and r/cybersecurity
| Mackenzie Hawkins / Bloomberg: |
The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York — - Pact doesn't include $1.6 billion loan from proposed agreement — Biden administration has been firming up Chips Act awards
| Bloomberg: |
SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push — - SMIC has more than doubled in two months as market eyes Trump — Competition looms and valuation not attractive: Morgan Stanley
More: Tom's Hardware
| Sharon Goldman / Fortune: |
How Mark Zuckerberg made Llama a cornerstone of AI ambitions at Meta, whose smartphone-era services and products have been constrained by Apple and Google — Zuckerberg has pushed Meta to build Llama into all its products and services, including its Orion augmented reality glasses now in prototype stage.| Joseph Cox / 404 Media: |
Leaked documents: Graykey, a phone unlocking tool used by police, can access “partial” data from the iPhone 12 up to the iPhone 16 running iOS 18 or iOS 18.0.1 — The Graykey, a phone unlocking and forensics tool that is used by law enforcement around the world …
More: BGR, 9to5Mac, Digital Trends, MacRumors, AppleInsider, and Neowin
Mastodon: @jasonkoebler@mastodon.social and @josephcox@infosec.exchange
X: @grapheneos, @josephfcox, @jsrailton, @josephfcox, @jason_koebler, and @josephfcox
Forums: r/apple, r/privacy, and MacRumors Forums
| Ryan Gould / Bloomberg: |
Vista sells a minority stake in IT infrastructure monitoring startup LogicMonitor to investors in a deal valuing it at ~$2.4B; LogicMonitor also raised $800M — - PSG Equity, Golub, others inject $800 million in equity, debt — Vista acquired LogicMonitor for $415 million in mid-2018
More: SiliconANGLE, TechCrunch, LogicMonitor, Constellation Research, TechCrunch, and VC News Daily
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