Open Links In New Tab
Mobile Archives Site News
Techmeme
October 31, 2024, 12:01 PM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Sponsor Events Newsletter

Top News

Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% YoY to $15.69B, and family daily active people up 5% YoY to 3.29B on average for September 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Wired:
Zuckerberg says Meta is training Llama 4 models on a cluster of 100K+ H100 chips, “or bigger than anything that I've seen reported for what others are doing”  —  The race for better generative AI is also a race for more computing power.  On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.
Karissa Bell / Engadget:
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs in less than a year
Jonathan Vanian / CNBC:
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost $58B+ since 2020
Sarah E. Needleman / Wall Street Journal:
Mark Zuckerberg says the company's AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram
Financial Times:
China sanctions Skydio, the US' largest drone maker and a supplier to Ukraine's military; sources say Skydio is rushing to find new suppliers for critical parts  —  Skydio, the US's largest drone maker and a supplier to Ukraine's military, faces a supply chain crisis after Beijing imposed sanctions …
Microsoft:
Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B  —  Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …
Todd Bishop / GeekWire:
Filing: Microsoft has made “funding commitments of $13B” to OpenAI and says losses from its stake were partly why it had a $683M expense on its Q1 investments
Ina Fried / Axios:
Microsoft says its AI business is on track to surpass a $10B annual revenue run rate in Q2, its fastest product category to reach that milestone yet
Andrew Webster / The Verge:
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles  —  This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning the last few decades …
ProPublica:
An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K+ ads to collect users' information  —  Co-published with Tow Center for Digital Journalism  — Deceptive Political Ads: Eight deceptive advertising networks …
Ryan Christoffel / 9to5Mac:
Kuo: Apple plans to use its own Wi-Fi and Bluetooth chips made by TSMC's N7 process and with Wi-Fi 7 in the iPhone 17 lineup, reducing its reliance on Broadcom  —  Apple's big launches for 2024 are nearly complete, so reports are going to pick up regarding the 2025 product lineup.
Charlie Warzel / The Atlantic:
A look at X's Election Integrity Community, a feed to “share potential incidents of voter fraud” that has 50K+ members, launched by Elon Musk's America PAC  —  Elon Musk didn't just get a social network—he got a political weapon.  —  It's easy to forget that Elon Musk's purchase …
New York Times:
Kraken lays off workers and names Arjun Sethi as co-CEO; sources: the cuts total 15% of staff, or ~400, including COO Gilles BianRosa and CTO Vishnu Patankar  —  The influential cryptocurrency exchange has undergone several reorganizations in recent years.  —  Kraken, one of the world's …
Kali Hays / Fortune:
Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff  —  Block CEO and founder Jack Dorsey wants streaming music app Tidal to operate like a startup again - and that means layoffs
John O'Nolan:
Ghost's CEO details the organization's governance structure and says the open-source CMS generates ~$7.5M in annual revenue and has been profitable for 12 years  —  Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
Emma Roth / The Verge:
Google adds Gemini in Google Maps in the US, with AI-summarized reviews and answers to conversational questions by users, and adds 150 cities to Immersive View  —  Google Maps is getting a big update that's supposed to help you find new places to visit with AI.
Bloomberg:
Source: Amazon's target deadline to unveil AI-upgraded Alexa has moved into 2025, after documents showed Amazon planned to unveil the product on Oct. 17, 2024  —  Amazon is eager to take on ChatGPT, but technical challenges have forced the company to repeatedly postpone the updated voice assistant's debut.
Ryan Gallagher / Bloomberg:
A profile of Pepijn Van der Stap, a Dutch cyber prodigy who stole thousands of companies' data while also doing legitimate cybersecurity and is now in prison  —  Pepijn Van der Stap stayed up through the night of Jan. 22, 2023, repairing one of his computers in silence save for the whirring of its fan.
Tanaya Macheel / CNBC:
Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback  —  Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
CIO challenge 5: Can we find an effective solution that also minimizes operational costs?  —  Welcome to the next and final installment of our CIO series!  After what feels like a thousand cups of coffee …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Sponsor Techmeme
Techmeme Ride Home:
 Thu. 11/21 - What The DOJ Wants Google To Do
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
Sponsor this podcast
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:01 PM ET, October 31, 2024.

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

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Evan Drellich / New York Times:
The MLB is planning national packages for streaming companies to bid on in 2028, when its national TV deals with ESPN, Fox, and Turner expire

Lauren Forristal / TechCrunch:
Tubi launches Scenes, a mobile feature that lets viewers watch 60-to-90-second trailer-style clips from its library to help with content discovery

More News

Dominic Chopping / Wall Street Journal:
The EU Commission opens formal DSA proceedings against Temu over the alleged sales of non-compliant products and its platform design, like addictive features
Mark Gurman / Bloomberg:
Peloton names Ford executive Peter Stern as CEO, set to start on January 1, to lead a turnaround, and projects Q2 subscriber numbers below analyst estimates

Earlier Picks

Jason Schreier / Bloomberg:
Many long-time game workers are ditching large productions in favor of smaller teams, enabled by growing accessibility of Unreal Engine and other powerful tools
Washington Post:
CCDH: of 283 X posts in 2024 with false election claims that Community Notes members had responded to, only 20 had notes with enough votes to be publicly shown
Kwanwoo Jun / Wall Street Journal:
Samsung reports Q3 revenue up 17% YoY to ~$57.4B, net profit up 73% to ~$7.3B, operating profit of ~$6.7B, and chip unit operating profit down 40% QoQ to ~$2.8B
New York Times:
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Sponsor Events Newsletter