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October 24, 2023, 5:35 PM
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Top News

Alphabet:
Alphabet reports Q3 revenue up 11% YoY to $77B, net income up 42% YoY to $19.7B, and Google advertising revenue up 9% YoY to $59.65B; GOOG drops ~5%  —  MOUNTAIN VIEW, Calif. - October 24, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2023.
Akash Sriram / Reuters:
Alphabet reports Google Cloud Q3 revenue up 22.5% YoY to $8.41B, vs. $8.62B est., and Google Cloud operating income of $266M, vs. an operating loss of $440M YoY
Todd Spangler / Variety:
YouTube Q3 ad revenue rose 12.5% YoY to $7.95B, vs. $7.81B est.; in Q3 2022, YouTube's ad revenue fell short of expectations after falling 1.9%
Kirsten Korosec / TechCrunch:
California's DMV suspends Cruise's deployment and driverless testing permits, ending the GM self-driving car subsidiary's robotaxi operations in San Francisco  —  The California Department of Motor Vehicles said Tuesday it has immediately suspended Cruise's deployment and driverless testing permits …
Lauren Feiner / CNBC:
California and 41 other US states sue Meta in federal and state courts alleging that Facebook and Instagram features are addictive and aimed at kids and teens  —  - A bipartisan group of 42 attorneys general is suing Meta, alleging features on Facebook and Instagram are addictive and are aimed at kids and teens.
Microsoft:
Microsoft reports Q1 revenue up 13% YoY to $56.5B, net income up 27% YoY to $22.3B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 8% YoY  —  REDMOND, Wash. — October 24, 2023 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2023 …
Jordan Novet / CNBC:
Microsoft reports Q1 Intelligent Cloud revenue up 19% YoY to $24.26B, vs. $23.49B est., with Azure and other cloud services revenue up 29% YoY, vs. 26% YoY est.
Juli Clover / MacRumors:
Apple schedules a “Scary Fast” event for October 30 at 5PM PT; in the event teaser, an Apple logo morphs into the macOS Finder icon, suggesting a Mac focus  —  Apple today announced its second fall event of 2023, with the online event set to be held on Monday, October 30 at 5:00 p.m. Pacific Time.
Mark Gurman / Bloomberg:
Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app  —  - Company envisions one place for customers to find video  — Dedicated apps for buying movies and shows will be phased out
David Pierce / The Verge:
Automattic plans to acquire Texts, a $15-per-month messaging app that works with WhatsApp, Instagram, Messenger, LinkedIn, Signal, Telegram, and more, for $50M  —  Automattic, the company that runs WordPress.com, Tumblr, Pocket Casts, and a number of other popular web properties …
Matt Marshall / VentureBeat:
A paper from Geoffrey Hinton and other experts warns of AI systems' worrying capabilities and says 33% of companies' AI R&D budgets should go to managing risks  —  Yoshua Bengio and Geoffrey Hinton, two of the so-called AI godfathers, have joined with 22 other leading AI academics …
Sarah Perez / TechCrunch:
Pebble, the Twitter alternative formerly known as T2, plans to shut down, having maxed out at 3,000 DAUs, despite decent early retention and invite conversion  —  The grip Twitter, now called X, has on the market may be stronger than some believed.  Unfortunately, that's led …
Harry McCracken / Fast Company:
Qualcomm unveils Snapdragon X Elite, coming to PCs in mid-2024, claiming to beat M2 Max's single-threaded performance and up to 2x Intel's performance-per-watt  —  The smartphone tech company says it's ready to help Windows laptops keep up with Apple and embrace AI.
Benedict Evans:
A Twitter user since 2007 on why he left: Elon Musk brought chaos to Twitter and boosts conspiracy theories, white supremacists, and antisemitic dog whistles  —  Twitter always used to look a lot like Craigslist.  It stumbled into something that a lot of people found very useful …
Dan Goodin / Ars Technica:
1Password detected suspicious activity on its Okta instance for managing employee-facing apps but “found no compromise of user data or other sensitive systems”  —  1Password CTO says investigation found no compromise of user data or sensitive systems.
John Gruber / Daring Fireball:
Sources: many people inside Apple do not believe its own AI/ML team can deliver on generative AI, and worry that the company will only use that team's output  —  Speaking of Mark Gurman, he has an interesting bit about Apple's AI efforts in his latest Power On column:
Kenza Bryan / Financial Times:
EU environmental groups criticize Apple branding its new Apple Watches as “carbon neutral” and using credits to cancel out the 7kg to 12kg of emissions per unit  —  iPhone maker flags credentials of its latest Watch products as EU seeks to clamp down on ‘greenwashing’
David Pierce / The Verge:
A look at POSSE, a decade-old idea that a user should Publish (on your) Own Site and Syndicate Elsewhere, and the challenges of building a system based on that  —  The platform era is ending.  Rather than build new Twitters and Facebooks, we can create a stuff-posting system that works better for everybody.
Marissa Newman / Bloomberg:
Google disables live traffic conditions in Israel and the Gaza Strip for its Maps and Waze apps, a source says at the request of the Israel Defense Forces  —  - Israeli army asked tech giant to limit real-time information  — Google took similar action in Ukraine during war with Russia
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 5% YoY to $1.19B, vs. $1.11B est., net loss up 2% YoY to $368M, DAUs up 12% YoY to 406M, vs. 405.7M est., and won't give Q4 guidance  —  - As part of Snap's “internal forecast,” the company said that it expects sales in its fourth quarter to be in the range …

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This is a Techmeme archive page. It shows how the site appeared at 5:35 PM ET, October 24, 2023.

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

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Anja Karadeglija / The Canadian Press:
Meta clashes with Canada's CRTC over the Online News Act by declining to publicly release information about its measures to block news content on its platforms

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

More News

Suzanne Smalley / The Record:
Q&A with FTC Commissioner and digital privacy expert Alvaro Bedoya on the agency's plan to hire child psychologists to understand social media's impact on kids
Andy Greenberg / Wired:
After Unciphered developed a crack for an old IronKey USB drive to recover 7,002 BTC, the owner declines their help because he agreed to work with other experts
Adi Robertson / The Verge:
Xreal, formerly Nreal, announces the $399 Xreal Air 2 and $449 Air 2 Pro, AR glasses with brighter Micro OLED displays, available in five countries in November

Earlier Picks

Ashley Carman / Bloomberg:
Spotify Q3: revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, subscribers up 16% YoY to 226M, and €32M operating income, vs. a €44.6M loss est.; SPOT jumps 9%+
Tyler Cowen / Marginal Revolution:
Tyler Cowen announces econgoat.ai, the first “generative book” that lets readers query the material to create more content, derived from a 100K-word manuscript
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