Techmeme
October 26, 2023, 8:05 PM

Top News

Tom Warren / The Verge:
Microsoft reorganizes its Xbox teams, promoting Matt Booty to game content president and Sarah Bond to Xbox president; CMO Chris Capossela leaves after 32 years  —  Microsoft is reorganizing its Xbox gaming and marketing leadership, less than two weeks after acquiring Activision Blizzard.
Amazon:
Amazon reports Q3 revenue up 13% YoY to $143.1B, net income up 244% to $9.9B, operating income up 343% to $11.2B, and subscription revenue up 14% to $10.2B  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2023.
Annie Palmer / CNBC:
Amazon Q3: ad services revenue up 26% YoY to $12.1B, vs. $11.6B est., North American sales up 11% YoY to $87.9B, and International sales up 16% YoY to $32.1B  —  - Amazon blew past analyst expectations for revenue and earnings in the third quarter.  — Revenue climbed 13% in the third quarter …
Jordan Novet / CNBC:
Jon Porter / The Verge:
The UK's controversial Online Safety Bill becomes law, allowing fines of up to £18M or 10% of global turnover; Ofcom now plans to publish its codes of practice  —  The UK's Online Safety Bill, a wide-ranging piece of legislation that aims to make the country “the safest place in the world to be online” …
Bloomberg:
A recap of FTX co-founder Sam Bankman-Fried's testimony at his own criminal fraud trial in NYC over the collapse of his cryptocurrency exchange  —  Welcome to TOPLive.  FTX co-founder Sam Bankman-Fried is taking the witness stand at his own fraud trial in New York over the collapse of the cryptocurrency exchange.
Financial Times:
In a testimony without the jury present, SBF says he followed the counsel of lawyers to make critical decisions around passing FTX customer money to Alameda  —  Former crypto billionaire blames lawyers as court hears first snippets of testimony without jury present
Kyle Wiggers / TechCrunch:
OpenAI forms Preparedness, a new team to assess, evaluate, and probe AI models to protect against “catastrophic risks”, including biological and nuclear threats  —  OpenAI today announced that it's created a new team to assess, evaluate and probe AI models to protect against what it describes as “catastrophic risks.”
Nico Grant / New York Times:
Internal docs: Google worked to limit Apple's search ambitions after Spotlight's 2021 update; sources say Google paid Apple ~$18B in 2021 to remain the default  —  Google has worried for years that Apple would one day expand its internet search technology, and has been working on ways to prevent that from happening.
Wall Street Journal:
X's tumultuous first year under Elon Musk: mobile DAUs down 16% from October 2022 to September 2023, app downloads fell after X rebrand, and investor markdowns  —  The platform struggles to attract users and advertisers, third-party data suggest, while Musk has voiced optimism
Aisha Malik / TechCrunch:
Google rolls out new Google Maps features, including updating search to more easily find things nearby and expanding Immersive View for Routes to 15 new cities  —  Google is adding a slew of new updates for Maps, including a few AI-powered features that are designed to make it easier for users to search …
CNBC:
Uber starts offering rides in fully autonomous Waymo cars in Phoenix, Arizona; users can accept or reject the autonomous option, which includes a 24/7 helpline  —  - Uber users in Phoenix, Arizona, will be able to ride in a fully autonomous car, Uber announced Thursday.
Dan Primack / Axios:
Oxide Computer, which aims to provide on-premise cloud computers including to clients like the Idaho National Laboratory, raised a $44M Series A led by Eclipse  —  Oxide Computer Co., a San Francisco-based developer of on-premise cloud computers, has raised $44 million in Series A funding led by Eclipse.
Andrew Tarantola / Engadget:
Leica releases the $9,480 M11-P camera, which watermarks photos with the Content Credentials metadata system, created by advocacy groups to fight misinformation  —  It automatically watermarks photos with Content Credentials metadata.  —  It's getting to the point these days that we can't even trust …
Hayden Field / CNBC:
Kids are attending virtual pro-Palestinian protests on Roblox in the wake of the Israel-Hamas war; one virtual protest area has been visited 275K+ times  —  - Kids are attending virtual pro-Palestine protests on Roblox in the wake of the Israel-Hamas war, and so far, one virtual protest area has been visited more than 275,000 times.
Ben Schoon / 9to5Google:
Xiaomi unveils the 6.36" Xiaomi 14 and 6.73" Xiaomi 14 Pro, offering the Snapdragon 8 Gen 3, 50MP camera sensors, a Leica lens on the Pro, and LTPO 120Hz panels  —  Qualcomm announced the Snapdragon 8 Gen 3 just this week as Android's next flagship chipset, and now Xiaomi is already announcing …
Sheena Vasani / The Verge:
Samsung offers Galaxy smartphone and tablets running One UI 6 a Temporary Cloud Backup feature with unlimited storage for up to 30 days for free, matching Apple  —  Samsung is starting to roll out a “Temporary Cloud Backup” feature to Samsung Galaxy smartphones and tablets running on One UI 6, the company announced on Thursday.
Bloomberg:
Meta declines its Oversight Board's advice from August 2023 to tighten its oversight of drug-related posts; the Oversight Board calls the decision “unfortunate”  —  - Board found ‘inconsistent enforcement’ of drug-related posts  — Instagram, Facebook owner may consider a review in 2024

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Earlier Picks

Nitasha Tiku / Washington Post:
Matthieu Faou / WeLiveSecurity:
Stephanie Barnes / Engadget:
Victoria Song / The Verge: