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November 20, 2024, 9:20 PM
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| Daniel Howley / Yahoo Finance: |
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates — Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines …
More: Nvidia Newsroom, TechCrunch, SiliconANGLE, DatacenterDynamics, Thurrott, CRN, BNN Bloomberg, CNBC, Livemint, Entrepreneur, Financial Times, TweakTown, Reuters, BeInCrypto, Wall Street Pit, Blockworks, Fox Business, Fast Company, Fortune, Quartz, Constellation Research, Forbes, The Motley Fool Australia, FX Empire, CNBC, Investopedia, Shacknews, Invezz, and Barron's Online
X: @beth_kindig, @keithmccullough, @zerohedge, @beth_kindig, @garyblack00, @yahoofinance, @scutty, @jimcramer, @mikealfred, @beth_kindig, and @jimcramer. LinkedIn: Pete Arentson
| Matt Swayne / The Quantum Insider: |
Google researchers introduce AlphaQubit, a machine-learning decoder that surpasses existing methods in identifying and correcting quantum computing errors — - Google researchers introduced AlphaQubit, an AI-powered decoder that improves quantum error correction, reducing errors by 6% compared …
More: Nature, The Keyword, New Scientist, and SiliconANGLE
| Bloomberg: |
Sources: Trump's team is talking with the crypto industry over whether to create a White House post dedicated to cryptocurrency policy and is vetting candidates — - President-elect's team is vetting candidates for the job — Crypto industry executives spoke with Trump this week| Larry Dignan / Constellation Research: |
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours — Snowflake said it has inked a multi-year deal to bring Anthropic's Claude models to Snowflake Cortex AI.| Mackenzie Hawkins / Bloomberg: |
The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York — - Pact doesn't include $1.6 billion loan from proposed agreement — Biden administration has been firming up Chips Act awards
| Sarah Perez / TechCrunch: |
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds — As X competitor Bluesky takes off, topping 20 million users, Meta's own Twitter-like app, Instagram Threads, has begun rolling …
More: The Verge, ZDNET, The Hill, Android Headlines, PhoneArena, iPhone in Canada Blog, Engadget, and 9to5Mac
| Wall Street Journal: |
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis — The artificial intelligence startup has more than doubled its valuation from the spring — Elon Musk's artificial intelligence startup … | Sarah Wynn / The Block: |
A US judge sentences FTX co-founder Gary Wang to “time served”, meaning no jail time; Wang pleaded guilty in December 2022 to fraud charges after FTX collapsed — - Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier.
More: CNBC, Reuters, Blockworks, The Boston Globe, New York Times, Fox Business, Yahoo Finance, crypto.news, TechCrunch, Financial Times, The Daily Hodl, Crypto Briefing, Associated Press, Watcher Guru, CoinGape, Bloomberg, Coinpedia Fintech News, Bitcoin Insider, Decrypt, CryptoSlate, Cryptonews, UPI, CoinDesk, DL News, Cryptopolitan, The Crypto Times, Cointelegraph, New York Daily News, and Better Markets
| Sara Fischer / Axios: |
Adtech company The Trade Desk announces Ventura, a smart TV operating system, and plans to partner with TV manufacturers for its rollout, expected in H2 2025 — - “We're looking at a concentration around a handful of players that lack objectivity,” Green said.
More: The Verge, The Information, The Trade Desk, Advanced Television, Marketing Dive, Light Reading, Benzinga, Adweek, Digiday, The Desk, Benzinga, and MediaPost
Mastodon: @jank0@sfba.social. Bluesky: @tysons-tech.bsky.social. X: @karstenw, @chappelltracker, @paulcheesbrough, @arthurquerou, @jamesiii, @aepstein_, @sarafischer, @jk13, @humanpropensity, @reidjjackson, @reidjjackson, @naterothstein, @michaelcaprio, @jonholm, @adtechgod, and @thetradedesk
LinkedIn: Tyler Bell, Sara Fischer, Jeff Green, and Marion Ranchet
| Margi Murphy / Bloomberg: |
US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto — - $11 million stolen in years-long campaign targeting US firms — Loosely-knit group consists of young men in US and UK
More: US Department of Justice, PCMag, The Record, Reuters, CyberScoop, BleepingComputer, TechCrunch, and crypto.news
| Zac Hall / 9to5Mac: |
Meta unveils new Messenger features, including audio and video voicemail, AI backgrounds for video calls, and hands-free calling and messaging via Siri — There's a pretty cool update for Messenger out today. Meta has introduced phone and video calling voicemail, similar to FaceTime.
More: Meta, How-To Geek, MacRumors, PhoneArena, The Verge, Social Media Today, Engadget, iPhone in Canada Blog, TechCrunch, and Phandroid
| Hayden Field / CNBC: |
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI's marketshare in enterprise AI declined from 50% to 34% — Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.| Tom Warren / The Verge: |
Microsoft opens up Xbox Cloud Gaming to existing Xbox game libraries, letting Xbox Game Pass Ultimate subscribers stream 50 supported games they already own — Microsoft is starting to open up Xbox Cloud Gaming to existing Xbox game libraries today.
More: Xbox Wire, GamingBolt, CNET, Game Rant, Windows Central, Engadget, MobileSyrup, Pure Xbox, TrueAchievements, 9to5Google, Gematsu, Android Authority, Android Headlines, Gizchina.com, VICE, Gameranx, XboxEra, Comic Book, Digital Trends, Thurrott, Eurogamer.net, Wccftech, Neowin, Video Games Chronicle, and GameSpot
Bluesky: @vicious696.bsky.social and @ajguy.bsky.social
Forums: r/Games, r/xcloud, r/xbox, r/SteamDeck, r/XboxIndia, and r/XboxGamePass
| Claudia Assis / MarketWatch: |
Palo Alto Networks reports Q1 revenue up 14% YoY to $2.14B, vs. $2.12B est., and projects FY 2025 sales in line with estimates; PANW drops 5%+ after hours — Merely in-line outlook for fiscal 2025 weighs on the stock, down 5% after hours — Referenced Symbols| Kyle Wiggers / TechCrunch: |
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI's o1, and plans to open source it — A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI's o1.
More: VentureBeat, Maginative, and MarkTechPost
| Jeff John Roberts / Fortune: |
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network — Barry Silbert isn't done yet. The billionaire entrepreneur first made his mark in finance when, at age 17 … | Jennifer Pattison Tuohy / The Verge: |
Amazon unveils the $400 Echo Show 21, an upgrade to the Echo Show 15 from 2022, with a 21" 1080p display and auto-framing camera, and updates the Echo Show 15 — Amazon's first wall-mounted smart display just got a big upgrade. Today, the company announced the launch of the Echo Show 21 …
More: About Amazon, Engadget, MacRumors, MobileSyrup, TechCrunch, Thurrott, TechRadar, T3, iClarified, Neowin, Wired, MakeUseOf, The Ambient, Android Police, PCMag, The Shortcut, Liliputing, Android Authority, GeekWire, TechHive, Streaming Better, Forbes, 9to5Toys, Tom's Guide, AFTVnews, Gizmodo, ZDNET, Pocket-lint, and Notebookcheck
| Sarah McBride / Bloomberg: |
Neuralink receives approval from Canada to launch clinical trials of its brain implants and plans to run its first non-US trial with Toronto Western Hospital — The billionaire's brain device company is currently recruiting patients in the US, UK and Canada.
More: Canada NewsWire Group and iPhone in Canada Blog
| Ryan Gould / Bloomberg: |
Vista sells a minority stake in IT infrastructure monitoring startup LogicMonitor to investors in a deal valuing it at ~$2.4B; LogicMonitor also raised $800M — - PSG Equity, Golub, others inject $800 million in equity, debt — Vista acquired LogicMonitor for $415 million in mid-2018
More: LogicMonitor, SiliconANGLE, Constellation Research, TechCrunch, and TechCrunch
| Ingrid Lunden / TechCrunch: |
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta — H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million … | Bloomberg: |
SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push — - SMIC has more than doubled in two months as market eyes Trump — Competition looms and valuation not attractive: Morgan Stanley
More: The Information and Tom's Hardware
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