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October 25, 2023, 12:50 PM
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Top News

Joe Rossignol / MacRumors:
Apple increases the monthly price of Apple TV+ from $6.99 to $9.99, News+ from $9.99 to $12.99, Arcade from $4.99 to $6.99, and Apple One from $16.95 to $19.95  —  Apple today announced that it is increasing the prices of some of its subscription-based services, including Apple TV+ …
Bloomberg:
Sam Bankman Fried's lawyers say SBF plans to testify in his own trial when they start their case later this week, after damaging testimony from his inner circle  —  - Former crypto mogul fighting portrayal as criminal mastermind  — Decides to go for risky move often avoided in criminal cases
Steven Church / Bloomberg:
Bankruptcy hearing: FTX is considering proposals from three bidders to restart trading, without disclosing the names, and will make a decision by mid-December  —  - Bankrupt firm expected to decide fate of exchange in December  — Before it failed, FTX ran one of the biggest trading platforms
Wall Street Journal:
Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell  —  Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount
Jordan Middler / Video Games Chronicle:
Sony's new PS5 Slim disc drive requires an internet connection to pair with the console for the first time, likely due to the DMCA's rules to prevent piracy  —  THE ONLINE REQUIREMENT HAS RAISED PRESERVATION CONCERNS  —  The upcoming optional disc drive for the PlayStation 5 will require …
Bloomberg:
How telecoms and media giant Altice, led by billionaire Patrick Drahi, became weighed down by scandals and debt-fueled acquisitions from a low-interest-rate era  —  He built his telecoms empire in an era of low interest rates.  Now, with soaring debt costs and a corruption case in the corporate suite …
Rania Aniftos / Billboard:
TikTok announces its first live global music event, set for December 10 in Mesa, Arizona, with Cardi B, Niall Horan, Anitta, and Charlie Puth headlining  —  The event will take place on Dec. 10 at Sloan Park in Mesa, Ariz.  —  TikTok is continuing its foray into the music world …
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 …
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.
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
Wayne Ma / The Information:
Sources: Apple employees have discussed using Vision Pro to diagnose and treat mental health issues; eye-tracking and cameras could measure a person's “affect”  —  So far, Apple has pitched its upcoming Vision Pro mixed-reality headset as a tool for working and enjoying various forms of entertainment.
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 …
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 8%+ 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.
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 …
Supantha Mukherjee / Reuters:
AWS plans to launch a sovereign cloud in Europe for governments and customers in regulated industries, storing data on EU servers and launching first in Germany  —  Amazon (AMZN.O) Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries.
Andrew Throuvalas / Decrypt:
BlockFi says the lending platform has emerged from bankruptcy and can begin 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 compute, memory, AI capabilities, and more, for earbuds, headphones, and speakers coming in early 2024  —  Any flagship pair of headphones or earbuds you buy nowadays is going to be very, very good.  Noise cancellation has grown …
Dr. Ian Cutress / More Than Moore:
RISC-V chip designer SiFive, which has raised $365M, lays off ~20% of its employees, or 120 to 130 people, “across all different 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 …
South China Morning Post:
Sources: Hong Kong crypto exchange HKVAEX, founded in December 2022, shares resources with Binance, which set up HKVAEX to pursue a crypto license in the city  —  - HKVAEX, founded last December, shares technical and other resources with Binance, which has routinely participated in public events with the exchange this year

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This is a Techmeme archive page. It shows how the site appeared at 12:50 PM ET, October 25, 2023.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

Brian Stelter / CNN:
As Elon Musk posts memes about buying MSNBC, sources say one liberal billionaire expressed interest in buying the channel; Comcast is not looking to sell MSNBC

Marc Fisher / Nieman Reports:
A look at the changes made by hard-right TV mogul David Smith at The Baltimore Sun and the anxiety over his plans for the paper inside the shrunken newsroom

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
Natasha Lomas / TechCrunch:
Experts: an EU proposal requiring messaging services to scan for CSAM is the wrong response to a multifaceted problem and a direct threat to democratic values

Earlier Picks

Joseph Cox / 404 Media:
FOIA docs: ICE used a tool called GOST to decide whether 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 into its latest chips to better enable cross-device communication between different OEMs and OSes
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
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
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