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October 24, 2023, 8:25 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 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%
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.
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 …
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.  —  - Microsoft's net income jumped 27% as management cut back on spending.  — The company's Azure cloud revenue growth accelerated after two years of deceleration.
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
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.
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 …
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 …
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  —  Qualcomm wants all your devices to work together.  —  What you need to know  — Qualcomm announced Snapdragon Seamless, a technology that aims to better connect devices.
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
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
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 …
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.
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 …
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:
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.
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.

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This is a Techmeme archive page. It shows how the site appeared at 8:25 PM ET, October 24, 2023.

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From Mediagazer

Ismail Shakil / Reuters:
Canada's Competition Bureau sues Google over alleged anti-competitive conduct in online advertising, seeking Google to sell two of its ad tech tools and more

Michael Gennaro / Courthouse News Service:
The First Amendment Coalition sued the CA AG and SF City Attorney for allegedly punishing journalists who publish info related to sealed arrest records

Asif Shahzad / Reuters:
Pakistani TV host Matiullah Jan was picked up off the street and charged with terrorism after investigating claims of casualties in a protest march in Islamabad

More News

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
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%+
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
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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