Techmeme
October 29, 2024, 5:55 PM

Top News

Chris Welch / The Verge:
Apple updates the Mac mini with a smaller design, five USB-C ports, and up to 64GB of RAM, shipping from November 8 for $599+ with M4 and $1,399+ with M4 Pro  —  As part of the company's week of Mac-focused announcements, Apple has just introduced a smaller, yet even more powerful Mac Mini.
Benjamin Mayo / 9to5Mac:
Apple debuts the M4 Pro: Thunderbolt 5, up to a 14-core CPU, up to a 20-core GPU with up to 2x an M4 GPU's power, a 16-core Neural Engine, and up to 64GB of RAM  —  The just-announced Mac mini includes the unveiling of the M4 Pro chip for the first time.  The new upscale chip features 14-CPU cores …
Alphabet:
Alphabet reports Q3 revenue up 15% YoY to $88.27B, Search revenue up 12% to $49.39B, net income up 34% to $26.3B, and traffic acquisition costs up 9% to $13.72B  —  MOUNTAIN VIEW, Calif. - October 29, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2024.
Jennifer Elias / CNBC:
Google Cloud Q3 revenue grew 35% YoY to $11.4B, vs. $10.88B est., led by accelerated growth in AI Infrastructure, Generative AI Solutions, and core GCP products  —  Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines with strong revenue growth from the company's cloud unit.
Tom Warren / The Verge:
GitHub plans to update Copilot to support Anthropic, Google, and OpenAI models, unveils AI web app building tool Spark, updates Copilot in VS Code, and more  —  GitHub is going multi-model for its Copilot code completion and programming tool.  Developers will soon be able to choose models from Anthropic …
Jason Koebler / 404 Media:
Elon Musk's PAC sends Republicans texts impersonating Kamala Harris that push policies Harris doesn't support, without disclaimers, and ups its social ad spend  —  An Elon Musk-funded super PAC has expanded an advertising campaign in which it is impersonating Democrats and targeting registered Republicans …
Reuters:
Dozens of sources share how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with Taiwan comments and losing a deep TSMC discount  —  Pat Gelsinger took the reins as Intel (INTC.O) CEO three years ago with hopes of reviving the American industrial icon.
Reuters:
Sources: OpenAI has been working for months with Broadcom on its first in-house AI chip, for inference, built by TSMC, and has dropped its foundry plans for now  —  OpenAI is working with Broadcom (AVGO.O) and TSMC (2330.TW) to build its first in-house chip designed to support …
Alex Weprin / The Hollywood Reporter:
Snap says it will roll out its new “simple” Snapchat app in Q1 2025, ~10M users are testing it, but warns the engagement metrics are worse on iOS versus Android  —  In its third-quarter earnings report, Snap warned investors of “near term disruption” connected to the launch of the new Snapchat.
Ben Thompson / Stratechery:
Why Meta is well positioned to be AI's main beneficiary in the short, medium, and long term: generative AI, ads, infinite content, XR, “generative UI”, and more  —  Stratechery has benefited from a Meta cheat code since its inception: wait for investors to panic, the stock to drop …
Pritam Biswas / Reuters:
MetaMask crypto wallet maker Consensys is cutting 162 staff, or ~20% of its workforce, citing broader macroeconomic pressures and ongoing regulatory challenges  —  Cryptocurrency firm Consensys said on Tuesday it would cut 20% of its total workforce, citing broader macroeconomic pressures …
Wall Street Journal:
Sources: xAI is in talks with investors to raise several billion dollars in a funding round that would value it around $40B; xAI was valued at $24B in May  —  New fundraising effort would substantially increase startup's valuation from spring  —  Elon Musk's xAI is in talks with investors …
Arsheeya Bajwa / Reuters:
AMD reports Q3 revenue up 18% YoY to $6.82B, vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 5% after hours  —  Advanced Micro Devices (AMD.O) on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper …
Washington Post:
An analysis of the top 100 US congressional X accounts: since July 2023, Republicans had nearly all the posts with 20M+ views and saw bigger gains in followers  —  A Washington Post analysis found that Republicans are posting more, getting followed more and going viral more now that the …
Aanu Adeoye / Financial Times:
Nigeria-based Moniepoint, which offers bank accounts, loans, and POS terminals, raised $110M led by DPI, sources say at a $1B+ valuation, after raising $55M  —  Company raises $110mn from investors including Google despite slowdown in fundraising for African start-ups

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