Techmeme
November 1, 2024, 7:55 AM

Top News

Apple Inc.:
Apple reports Q4 revenue up 6% YoY to $94.9B, and net income down 36% YoY to $14.74B, after paying a $10.2B charge as part of an income tax decision in the EU  —  iPhone drives record September quarter revenue Services revenue reaches new all-time high  —  Apple® today announced financial results …
CNBC:
Shirin Ghaffary / Bloomberg:
OpenAI unveils ChatGPT Search to let paid users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google  —  The new option will let the chatbot's users search for timely information much as they would on the web.
Hayden Field / CNBC:
Gerrit De Vynck / Washington Post:
Mishaal Rahman / Android Authority:
Google plans to release Android 16 in Q2 2025 “to better align with the schedule of device launches”; major Android releases have been in Q3 or Q4 since 2013  —  Android 16 is launching in Q2 of 2025, which is months earlier than previously expected.  —  •  —  TL;DR
Jordan Novet / CNBC:
Intel reports Q3 revenue down 6% YoY to $13.28B, vs. $13.02B est., a net loss of $16.99B, and Q4 guidance above estimates; INTC jumps 6%+ after hours  —  Intel shares rose 7% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates.
Reuters:
Chinese researchers linked to the People's Liberation Army developed an AI model using Llama 2 for potential military use; Meta says such use is “unauthorized”  —  Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model …
Callan Quinn / CoinDesk:
Crypto firm Immutable says it received a Wells notice from the SEC related to the sale of its IMX tokens in 2021, accuses the SEC of “regulation by enforcement”  —  The firm's IMX token is down over 13% at $1.16 following the announcement.  — Immutable said that it received …
Amazon.com, Inc.:
Amazon Q3: revenue up 11% YoY to $158.9B, a $15.3B net income vs. $9.9B in Q3 2023, a $17.4B operating income vs. $11.2B in Q3 2023; AMZN jumps 5%+ after hours  —  Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2024.
Tom Warren / The Verge:
Microsoft delays the rollout of its controversial Recall feature to December to “refine the experience”, after previously pushing it from June to October  —  Microsoft says it needs more time to make sure the AI feature is ‘a secure and trusted experience’
Krisztian Sandor / CoinDesk:
Tether reports Q3 net profits of $2.5B, driven by gains in its US Treasury and gold holdings and bringing YTD profit to $7.7B, as USDT market cap nears $120B  —  The company also owns a significant amount of gold and the big move higher in the yellow metal boosted profits.
Martyn Landi / The Independent:
UK police received 7,062 reports of online grooming in the last year; Snapchat was named in 48% of those cases where the means of communication was disclosed  —  The children's charity said more than 7,000 offences were recorded by police in the last year.  —  Your support helps us to tell the story
More: BBCForums: Beehaw
Manish Singh / TechCrunch:
Indonesia bans sales of Pixel smartphones, saying Google must comply with rules requiring 40% local content in smartphones, days after banning iPhone 16  —  Indonesia has banned sales of Google Pixel smartphones for failing to meet domestic content requirements, days after blocking Apple's iPhone 16 …
Anthropic:
Anthropic says governments should urgently take action on AI policy in the next 18 months and suggests principles for AI regulation that support innovation  —  Increasingly powerful AI systems have the potential to accelerate scientific progress, unlock new medical treatments, and grow the economy.
Jordan Novet / CNBC:
Amazon reports Q3 AWS revenue up 19% YoY to $27.45B, vs. $27.52B est., and AWS operating income of $10.45B, vs. $9.15B est., up from $7B in Q3 2023  —  Amazon said revenue in its cloud unit increased 19% in the third quarter, just missing analyst estimates.

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Earlier Picks

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