Techmeme
October 27, 2023, 8:35 AM

Top News

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:
Ionut Ilascu / BleepingComputer:
Microsoft publishes a profile of Octo Tempest, a “dangerous” hacking group targeting organizations across tech, gaming, financial services, and other sectors  —  Microsoft has published a detailed profile of a native English-speaking threat actor with advanced social engineering capabilities …
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
Bloomberg:
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.”
Kirsten Korosec / TechCrunch:
Cruise pauses all driverless operations two days after the California DMV suspended its permits, but will continue operating supervised autonomous vehicles  —  Cruise said Thursday evening it has paused all driverless operations, a decision that comes just two days after the California Department …
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.
Casey Hall / Reuters:
Documents: Shein and PDD's Temu file joint declarations in the US to end their legal fights, asking judges to dismiss the cases “without prejudice”  —  Fierce rivals Shein and PDD Holdings-owned (PDD.O) Temu have applied to end their legal fights with each other in the U.S. …
More: Tech in Asia
Chavi Mehta / Reuters:
Intel reports Q3 revenue down 8% YoY to $14.2B, Data Center and AI Group revenue down 10% YoY to $3.8B, and forecasts Q4 revenue above estimates; INTC jumps 5%+  —  Intel (INTC.O) forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic of a healthy rebound …

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Bloomberg:
Ben Schoon / 9to5Google:
Hayden Field / CNBC:
Dan Primack / Axios:
Andrew Tarantola / Engadget:

Earlier Picks

CNBC:
Wall Street Journal:
Aisha Malik / TechCrunch:
Jon Porter / The Verge:
Sarah Fielding / Engadget:
Stephanie Barnes / Engadget:
Victoria Song / The Verge: