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October 25, 2023, 11:25 AM
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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
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 is increasing the prices of some services, including Apple TV+, Apple Arcade, and Apple News+, across the U.S. and some other countries around the world.
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.
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.
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
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 …
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.
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 …
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
Scott Nover / Slate:
US v. Google: Judge Amit Mehta has repeatedly accepted Google's requests to redact documents and hold private testimony, alarming press advocates and reporters  —  U.S. v. Google was supposed to be the “antitrust trial of the century”—the highest-profile, and potentially the most consequential …
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 …
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 …
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 …
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 …
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.
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.
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 first available 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.

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This is a Techmeme archive page. It shows how the site appeared at 11:25 AM ET, October 25, 2023.

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From Mediagazer

CNBC:
Comcast confirms plans to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, with Mark Lazarus as CEO; the separation may take about a year

James Warrington / Telegraph:
Almost 93% of 600 Guardian and Observer staff organized by the NUJ vote in favor of strike action over the proposed sale of The Observer to Tortoise

Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai testifies for the first time in his years-long national security trial; he is already serving a jail term for a fraud conviction

More News

Earlier Picks

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
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
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
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
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