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October 31, 2024, 1:10 PM
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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 …
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.
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.
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
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
Andy Greenberg / Wired:
Sophos details a five-year battle with Chinese hackers exploiting its firewalls, and how its device “implants” traced the hacks to a university and a contractor  —  Sophos went so far as to plant surveillance “implants” on its own devices to catch the hackers at work—and in doing so …
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.
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 …
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 …
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.
Tom Warren / The Verge:
Microsoft says Windows users will only be able to buy one year of Extended Security Updates for Windows 10 for $30, after support ends in October 2025  —  Microsoft is finally revealing that it will charge consumers $30 for a year of extra security updates to Windows 10.
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
Danny Nelson / CoinDesk:
Filing: Trump's World Liberty Financial plans to raise ~$30M from investors, down from the $300M it had originally sought, after WLFI token sales fell short  —  The revised plan to sell only $30 million of WLFI tokens — instead of the originally planned $300 million …
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.
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.
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  —  The European Union is investigating Chinese e-commerce platform Temu over concerns that it may have failed to limit the sale of illegal products.
Bloomberg:
Sources: Waymo was valued at more than $45B, after it raised $5.6B last week, led by Alphabet  —  - Company is rapidly expanding number of ride-hailing trips … The business said late last week that it had raised $5.6 billion in new capital at an undisclosed value.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:10 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

Steven Waldman / Columbia Journalism Review:
Jeff Bezos should donate The Washington Post to a public charity that maintains its quality and independence, as he is too financially compromised to own it

Dade Hayes / Deadline:
In its Q3 earnings call, Comcast CEO Mike Cavanagh says the company is weighing spinning off its cable networks and open to “partnerships in streaming”

Andrew Webster / The Verge:
Disney+ rolls out a top 10 list on the app's home screen, in line with Netflix, Max, Apple TV+, and Prime Video

More News

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
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
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