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October 25, 2023, 8:00 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
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.
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 …
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
Kif Leswing / CNBC:
At a White House event, Apple says the company 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.
Andrew Throuvalas / Decrypt:
BlockFi says the lending platform has emerged from bankruptcy and 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.
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
Bloomberg:
China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties  —  - Beijing makes its first comment on inquiry into Apple partner  — China denies it is intervening in Taiwan's presidential race
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 …
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.
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  —  A controversial child sexual abuse material (CSAM)-scanning proposal that's under discussion by lawmakers in Europe …
Dan Milmo / The Guardian:
The Internet Watch Foundation warns that generative AI is being used to create child sexual abuse imagery, and finds ~3K AI-made abuse images breaking UK law  —  Internet Watch Foundation finds 3,000 AI-made abuse images breaking UK law  —  The “worst nightmares” about artificial intelligence …
Nilay Patel / The Verge:
Q&A with Harvard professor and Creative Commons co-founder Lawrence Lessig on AI's impact on social media and free speech, copyright issues, TikTok, and more  —  After 30 years teaching law, the internet policy legend is as worried as you'd think about AI and TikTok …
See also Mediagazer
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.
Supantha Mukherjee / Reuters:
In its first transparency EU DSA report, Amazon discloses 181M users in the EU, directly employs 150K+ people, and more; Germany has 60M MAUs and France has 35M  —  Amazon (AMZN.O) has more than 181 million users in the European Union and directly employs more than 150,000 people in the region …
Reuters:
Source: Indian tax authorities serve notices to online gaming companies demanding ~$12.03B in allegedly evaded taxes, after imposing a 28% gaming tax in August  —  Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) …
More: Tech in Asia

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From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

More News

Rest of World:
Blued, China's largest gay dating app, plans to expand to Southeast Asia and the US in a bid to take on Grindr, while facing censorship and competition in China

Earlier Picks

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
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
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
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
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
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