Techmeme: The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024, as companies accelerate spending to chase AI developments (Bloomberg)

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November 1, 2024, 3:45 PM

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Chance Miller / 9to5Mac:

Popular photo editing company Pixelmator says it has signed an agreement to be acquired by Apple, pending regulatory approval — The Pixelmator Team announced the news in a blog post on Friday: — Pixelmator has signed an agreement to be acquired by Apple, subject to regulatory approval.

Benjamin Mayo / 9to5Mac:

Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed another $1.1B to expand satellite service capacity — Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple. Apple will commit an additional $1.1 billion …

Manish Singh / TechCrunch:

Indonesia bans Pixel smartphone sales, saying Google must comply with rules requiring 40% local content in smartphones, days after banning the iPhone 16 lineup — Indonesia has banned sales of Google Pixel smartphones for failing to meet domestic content requirements, days …

More: Reuters, The Hill, Bloomberg, PhoneArena, Invezz, Gizchina.com, Oman Observer, 9to5Google, Android Headlines, Financial Express, Reuters, International Business Times, Malay Mail, GSMArena.com, NewsBytes, and Tech in Asia

X: @clairejiao. Forums: r/indonesia, r/GooglePixel, r/technology, and Slashdot

Bloomberg:

The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024, as companies accelerate spending to chase AI developments — - Amazon, Alphabet, Meta and Microsoft all accelerated spending — Mixed results from the big tech won't slow 2025 investment

More: Tech Brew, Barron's Online, Quartz, Yahoo Finance, Inc, Platformonomics, CNBC, Wall Street Journal, Clouded Judgement, Business Insider, Livemint, Sherwood News, and This is Money. Mastodon: @parismarx@mastodon.online

Reuters:

Researchers linked to China's military used Llama 2 to develop an AI model for potential military use; Meta says use of “outdated” Llama 2 would be “irrelevant” — Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model …

More: Telegraph, Tom's Hardware, ExtremeTech, Cryptopolitan, The Decoder, Gizmodo, TechCrunch, Transformer, The Hindu, PCMag, Neowin, The Information, PhoneArena, EconoTimes, Devdiscourse News Desk, NewsBytes, and Notebookcheck

Threads: @gwestr. X: @shakeelhashim, @andymstone, @tculpan, @jamespomfret, @andymstone, @andymstone, @tonynashnerd, @shakeelhashim, @shakeelhashim, @jamespomfret, @jamespomfret, @jamespomfret, and @andymstone

LinkedIn: Sunny Cheung and Missy Cummings

Anton Shilov / Tom's Hardware:

Intel outlines plan to break free from TSMC manufacturing, including making a majority of Nova Lake CPUs, due in 2026, internally — Good days are coming for Intel. — Intel's next-generation Panther Lake (via SeekingAlpha) processors will contain 70% in-house silicon, positively affecting the company's margins.

More: The Verge, PCWorld, Benzinga, TweakTown, VideoCardz.com, TipRanks Financial, ExtremeTech, PC Gamer, and Digital Trends

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

More: Android Developers Blog, ExtremeTech, Thurrott, The Verge, Droid Life, TalkAndroid.com, Business Standard, SamMobile, TechRadar, AndroidGuys, T3, Tom's Guide, SammyGuru, Sammy Fans, Android Authority, GSMArena.com, TechIssuesToday.com, Gizchina.com, Tech Advisor, Livemint, Phandroid, Wccftech, Gizmochina, MakeUseOf, NewsBytes, Android Faithful, The Shortcut, MobileSyrup, Liliputing, Android Police, Engadget, Droid Life, Android Headlines, How-To Geek, and 9to5Google

Mastodon: @bradlinder@fosstodon.org and @MishaalRahman@androiddev …. X: @lionelgeek

LinkedIn: Jason Bayton and Seang Chau

Forums: r/GooglePixel, r/Android, and r/androiddev

Jay Peters / The Verge:

Meta rolls out its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train — Meta is introducing some big changes with its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train.

More: Meta and Neowin

X: @lunayian, @lunayian, @dylanmcd8, @theadrianm_, and @lunayian

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 …

Nikkei Asia:

Apple Q4 revenue: down 0.3% YoY to $15B in China, up 7.6% to $5.93B in Japan, up 16.6% to $7.38B in the rest of Asia-Pacific, and up 11% to $24.92B in Europe

More: Business Insider and Six Colors

X: @neilcybart and @neilcybart

Callan Quinn / CoinDesk:

Crypto firm Immutable says the SEC issued it a Wells notice related to the sale of its IMX tokens in 2021, and accuses the agency of “regulation by enforcement” — The firm's IMX token is down over 13% at $1.16 following the announcement. — Immutable said that it received …

Sarah McBride / Bloomberg:

A profile of YC Head of Public Policy Luther Lowe, who led a California pressure campaign against AI safety bill SB 1047 and aims to fight for “little tech” — After helping lead startups' crusade against California AI regulation, the tech policy veteran has new fights to pick.

X: @lutherlowe, @pmarca, @randolphcarterz, @ckoopman, @backthebunny, @psychosort, @ai__alexandra, and @garrytan

LinkedIn: Luther Lowe and Garry Tan

Canalys:

Canalys: global smartphone shipments grew 5% YoY in Q3 to 309.9M units, the strongest Q3 since 2021; Samsung led with 57.5M units, followed by Apple at 54.5M — According to Canalys research, global smartphone shipments grew 5% year on year in Q3 2024, reaching 309.9 million units, the strongest Q3 performance since 2021.

More: iPhone in Canada Blog, SamMobile, Neowin, Patently Apple, Android Headlines, Gizchina.com, and GSMArena.com. Forums: r/Android

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From Mediagazer

Alex Sherman / CNBC:

Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Manuela Vega / Toronto Star:

Rogers Sports & Media lays off more than two dozen employees in its radio and podcasting divisions, citing declining revenue and challenges in advertising

Harrison Smith / Washington Post:

Reg Murphy, an editor and publisher in Atlanta, San Francisco, and Baltimore, died Nov. 9 at 90; he was kidnapped in 1974 by a man angry at “liberal news media”

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Reuters:

Disney forms the Office of Technology Enablement to coordinate its use of emerging technologies such as AI and mixed reality, to be led by CTO Jamie Voris

Richard Nieva / Forbes:

Q&A with Google DeepMind Director John Jumper on winning the Nobel Prize in Chemistry, merging predictive AI and LLMs, advancing AlphaFold, rival labs, and more

X: @richardjnieva

Bloomberg:

Istanbul-based Insider, which sells AI-powered marketing and customer engagement tools, raised a $500M Series E led by General Atlantic and plans a US expansion

More: FinSMEs, Tech.eu, Insider, and VC News Daily. X: @useinsider

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

More: ZDNET, AI News, and WinBuzzer

Bluesky: @carljanderson.bsky.social. X: @lefthanddraft, @superhumanepoch, @drdatta_aiims, @gssp_acc, @sleepinyourhat, @krishnanrohit, @stefanfschubert, @pmarca, @pmarca, @joshrnold, @s_oheigeartaigh, @jackclarksf, @liron, @jackclarksf, @freed_dfilan, and @anthropicai. Forums: r/ClaudeAI

Kyle Wiggers / TechCrunch:

Tel Aviv-based, enterprise-focused cybersecurity startup Noma emerges from stealth with $32M in funding, including a $25M Series A led by Ballistic Ventures

More: Noma Security Inc., SiliconANGLE, VentureBeat, and Noma Security

Martyn Landi / The Independent:

UK police received 7,062 reports of online grooming over the past year; Snapchat was named in 48% of the cases where the means of communication was disclosed

More: BBC. LinkedIn: Jason Elsom. Forums: Beehaw

Bloomberg:

Former Lacework CEO and former Facebook Global Head of Engineering Jay Parikh joins Microsoft's senior leadership team, reporting directly to Satya Nadella

More: Microsoft, Livemint, The Verge, CRN, and Neowin

X: @jordannovet, @jordannovet, and @tomwarren

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

Earlier Picks

Krisztian Sandor / CoinDesk:

Tether reports Q3 net profit of $2.5B, driven by yields on its US Treasury and gold holdings and bringing YTD profit to $7.7B, as USDT's market cap nears $120B

Amazon.com, Inc.:

Amazon reports Q3 revenue up 11% YoY to $158.9B, net income up 55% YoY to $15.3B, and operating income up 56% YoY to $17.4B; AMZN jumps 5%+

More: GeekWire, Marketing Dive, Music Ally, TEKsystems Global Services, City A.M., Motley Fool, Neowin, CNBC, WWD, Thurrott, Financial Times, Forbes, Capital Brief, Watcher Guru, Bloomberg, Deadline, Reuters, and CNBC

X: @quinnypig, @amitisinvesting, @quartr_app, @joecarlsonshow, @zerohedge, @stockmktnewz, @dividenddude_x, @munster_gene, @thetranscript_, @quinnypig, and @munster_gene. LinkedIn: Emil Protalinski. Forums: r/LOTR_on_Prime