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November 3, 2023, 3:30 AM
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Top News

Jacquelyn Melinek / TechCrunch:
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024  —  Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …
Elizabeth Lopatto / The Verge:
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse
Apple:
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $22.9B, Americas sales up 0.8% to $40.1B, Europe sales down 1.5% to $22.5B  —  iPhone revenue sets September quarter record Services revenue reaches new all-time high  —  Apple® today announced financial results …
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 3% YoY to $43.81B, Mac down 34% to $7.61B, iPad down 10% to $6.44B, and Wearables, Home, and Accessories down 3% to $9.32B  —  - Apple reported fourth-fiscal quarter earnings on Thursday that beat analyst expectations for sales and earnings per share …
Mark Gurman / Bloomberg:
Apple expects its revenue in the holiday quarter, normally the company's biggest sales period, to stay the same as last year; Wall Street projected ~5% growth
Nikkei Asia:
Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific
Abner Li / 9to5Google:
Google's Chrome team stops considering a Web Integrity API proposal that aimed to help enforce IP rights, count ad views, and limit bots, after DRM comparisons  —  Back in July, Google's work on a Web Integrity API emerged and many equated it to DRM.  While prototyped, it was only at the proposal stage …
Tom Warren / The Verge:
Microsoft announces the Secure Future Initiative, which includes responding faster to vulnerabilities and using AI and automation to improve software security  —  Microsoft has had a rough few years of cybersecurity incidents.  It found itself at the center of the SolarWinds attack nearly three years ago …
Tom Warren / The Verge:
Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most staff in Jan. 2024; Phil Spencer said he was unaware and is looking into it  —  Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren't happy about it.
Reuters:
Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable  —  SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven.
Bloomberg:
Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est.  —  Revenue increased 14% to $674 million, compared with a forecast of $654.7 million by analysts surveyed by Bloomberg.
Bloomberg:
The FTC says Jeff Bezos ordered Amazon executives to accept more junk ads to boost profits; Amazon used disappearing Signal chats from June 2019 to early 2022  —  - FTC releases less redacted antitrust complaint against Amazon  — Amazon counters that the FTC is ‘wrong on facts and the law’
Devin Coldewey / TechCrunch:
The FTC's lawsuit reveals that Amazon made $1.4B via Project Nessie, an algorithmic scheme that raised product prices and held them there if rivals followed
Chris Welch / The Verge:
Paul McCartney and Ringo Starr release Now and Then, the first “new” Beatles song since 1995, created using AI and an old lo-fi John Lennon recording  —  Today marks the release of the first “new” song by the Beatles since 1995.  “Now and Then” is available on streaming services …
Jeff Horwitz / Wall Street Journal:
Ex-Instagram consultant Arturo Bejar, set to testify in Congress on Nov. 7, says Meta didn't sufficiently act on its Well-Being Team's findings to protect teens  —  When a Meta security expert told Mark Zuckerberg that Instagram's approach to protecting teens wasn't working, the CEO didn't reply.
Financial Times:
Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release  —  OpenAI, Google DeepMind and Meta among those who signed legally non-binding document at UK's AI safety summit
Adamya Sharma / Android Authority:
US v. Google: Apple's Eddy Cue sent Tim Cook a presentation in 2013 that declared “Android is a massive tracking device” and detailed Google's privacy practices  —  - Apple's internal presentation from 2013 is part of new exhibits posted by the Department of Justice in the ongoing Google antitrust trial.
Ivan Mehta / TechCrunch:
Brave releases its AI assistant Leo to all desktop users and unveils Leo Premium, offering access to faster and better LLMs and higher rate limits for $15/month  —  Brave, a company building an alternative web browser, is releasing its AI-powered assistant, Leo, to all desktop users.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:30 AM ET, November 3, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Axios:
Sources: G/O Media sold business news brand Quartz and commerce site The Inventory to software firm Redbrick, the fourth Quartz ownership change in seven years

Ashton Pittman / Mississippi Free Press:
A judge dismisses former Mississippi Gov. Phil Bryant's defamation lawsuit against Mississippi Today; Bryant sued in 2023 over reporting about a welfare scandal

Arpan Chaturvedi / Reuters:
An Indian court orders Wikimedia to remove statements about news agency ANI facing criticism for being a government propaganda tool from a Wikipedia page

More News

Emily Bary / MarketWatch:
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 15%+
Joseph Cox / 404 Media:
A look at Fusus, which links a town's security cameras into one central hub and analyzes the feeds using AI, as its system is deployed across 2,400 US locations
Les Pounder / Tom's Hardware:
Arm acquires a minority stake in Raspberry Pi, extending the two companies' partnership that began in 2008 and has resulted in ARM CPUs in all Raspberry Pi SoCs

Earlier Picks

Jay Goldberg / Digits to Dollars:
Apple's M3 series shows a return to core messaging themes around user human usability; producing three M3 chips likely has to be close to $1B in tape-out costs
Niket Nishant / Reuters:
PayPal discloses that the company received an SEC subpoena tied to its US dollar stablecoin, launched in August 2023
Lauren Feiner / CNBC:
New York AG Letitia James says Uber and Lyft agreed to pay a combined $328M to settle allegations they withheld wages from drivers and did not provide sick pay
Myles McCormick / Financial Times:
How Arizona State University, a “secret weapon” that has become an R&D hive for the chip industry, made Phoenix into the beating heart of the US chipmaking boom
Joe Duball / IAPP:
The EDPB instructs the Irish DPC to ban Meta's use of Facebook and Instagram users' personal data for behavioral ads in EU and EEA countries within two weeks
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