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November 8, 2024, 8:55 AM
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| MacKenzie Sigalos / CNBC: |
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income — WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
More: Block, MarketWatch, The Crypto Times, SiliconANGLE, Blockhead, Bloomberg, and Benzinga. Threads: @kalihays1
| Aoyon Ashraf / CoinDesk: |
Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet — The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.
More: Fortune, Cryptopolitan, Music Ally, Blockonomi, TechCrunch, Coinspeaker, crypto.news, Cryptonews, CoinGape, and Decrypt. X: @kantrowitz
| Sarah Perez / TechCrunch: |
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …
More: TikTok, Spotify, Silicon Republic, Mashable, MSPoweruser, Engadget, Music Ally, Neowin, PhoneArena, Android Headlines, Billboard, Digital Music News, Social Media Today, Pocket-lint, How-To Geek, The Verge, Music Business Worldwide, and Music Week. Threads: @chris
| Anissa Gardizy / The Information: |
Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs — Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.
More: DatacenterDynamics, Spyglass, WinBuzzer, SiliconANGLE, TechCrunch, Reuters, and Benzinga
| Bloomberg: |
Source: Baidu plans to unveil smart glasses with cameras and voice commands built atop AI model Ernie next week, launching as soon as early 2025 for under $299 — China's search leader and longtime investor in artificial intelligence plans to showcase the product at its annual Baidu World event …
More: Fortune, WinBuzzer, The Information, TechNode, and Tech in Asia. Bluesky: @marypcbuk.bsky.social
| Sebastian Sinclair / Decrypt: |
Detroit plans to accept crypto for tax and fee payments starting mid-2025 through a PayPal-managed platform, becoming the largest US city to do so — Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.| Ashley Capoot / CNBC: |
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours — Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat.
More: Proactive, MarketWatch, Business Insider, Skift, Airbnb, and Investor's Business Daily
| Blake Brittain / Reuters: |
A US judge dismisses a copyright lawsuit by Raw Story and AlterNet against OpenAI over AI training, for now, saying the outlets couldn't show enough harm — A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …
More: VentureBeat, Engadget, Silicon Republic, WinBuzzer, Bloomberg Law, Music Ally, and ai fray
| Bloomberg: |
Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago — - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5 — Image sensor business was hurt by demand lull in North America| Ari Levy / CNBC: |
AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD — AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …
More: PocketGamer.biz, AppLovin, Benzinga, Proactive, Motley Fool, Forbes, Investor's Business Daily, and Barron's Online. X: @anshublog
| Ming-Chi Kuo: |
Kuo: Apple plans to upgrade the wide-angle lens in the high-end iPhone 18 in 2026 to a variable aperture camera — Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026: — 1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025
More: MacRumors, AppleInsider, 9to5Mac, Android Authority, Sammy Fans, PhoneArena, TechRadar, and Wccftech
| Reuters: |
Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal chief, as SEC chair replacing Gary Gensler — Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank regulators and corporate attorneys … | Thomas Brewster / Forbes: |
iVerify founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign — The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.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.
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.
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:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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