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October 25, 2023, 2:50 AM
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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 ad revenue up 9% YoY to $59.65B; GOOG drops ~6% on cloud sales miss  —  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  —  Google-parent Alphabet's (GOOGL.O) cloud division missed estimates for third-quarter revenue on Tuesday as an uncertain economy …
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:
A bipartisan group of 42 attorneys general sue Meta in the US, 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.
Andrew Throuvalas / Decrypt:
BlockFi says it has emerged from bankruptcy and has begun the process of repaying its creditors according to the terms of its bankruptcy plan  —  Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.
Chris Welch / The Verge:
Qualcomm unveils the S7 and S7 Pro chips with increased memory, AI capabilities, and more, designed for earbuds, headphones, and speakers to be released in 2024  —  Any flagship pair of headphones or earbuds you buy nowadays is going to be very, very good.  Noise cancellation has grown …
Derrek Lee / Android Central:
Qualcomm unveils Snapdragon Seamless, a technology integrated in its newest chips to better enable cross-device communication between different OEMs and OSes
Kris Holt / Engadget:
Qualcomm unveils a Snapdragon 8 Gen 3 mobile 4nm chip, with a 25% more performant GPU, an AI Engine that can make Stable Diffusion images in <1 second, and more
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
Kif Leswing / CNBC:
At a White House event, Apple says it supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers  —  - Apple supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers.
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
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.
Kate Clark / The Information:
Sources: VC firm IVP is leading an investment in AI search engine Perplexity at a ~$500M valuation, up from $150M in March 2023; Perplexity generates $3M in ARR  —  Venture capital firm IVP is leading an investment in Perplexity, developer of an artificial intelligence-powered search engine …
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 …
Dr. Ian Cutress / More Than Moore:
RISC-V chip designer SiFive, which has raised over $365M, lays off about 20% of its employees, or 120-130 people, across all business groups and levels  —  A quick one for you.  I have received reports, now from multiple sources, that the major torch bearer of the RISC-V platform …
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 …
Joe Rossignol / MacRumors:
Apple Pay Later launches for all eligible users in the US, following its invite-only early access prerelease version for “randomly selected users” in March 2023  —  Apple Pay Later appears to have officially launched for all qualifying U.S. residents today, as it is now widely available in the Wallet app on the iPhone.

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This is a Techmeme archive page. It shows how the site appeared at 2:50 AM ET, October 25, 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

Brian Stelter / CNN:
After Trump won, US journalists question what a “red wave” election says about the information environment and the media's credibility, influence, and audience

Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump Administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”

Charlotte Tobitt / Press Gazette:
UK-based Digitalbox buys three entertainment and lifestyle sites from GRV Media; GRV's executive chairman says his company has pivoted to sports journalism

More News

Natasha Lomas / TechCrunch:
Experts say an EU plan requiring messaging services to scan for CSAM is the wrong response to a multifaceted problem and a direct threat to democratic values
Joseph Cox / 404 Media:
FOIA documents: ICE used a tool called GOST to decide if US visa applicants' social media posts are “derogatory” to the US, as part of immigration enforcement
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

Earlier Picks

Aditya Soni / Reuters:
Nvidia says new US export rules for AI chips to countries including China, Iran, and Russia, came into effect on October 23, or about 24 days ahead of schedule
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
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
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
More: Fortune, TechRadar, and Supercharged
Threads: @fernbyfilms and @fernbyfilms.  Mastodon: @carnage4life@mas.to.  X: @lexnfx.  Forums: r/artificial
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
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%+
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