Techmeme: Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business (Evelyn Cheng/CNBC)

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November 21, 2024, 5:20 AM

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Michael Liedtke / Associated Press:

Filing: DOJ asks judge to force Google to sell Chrome, restrict Android from favoring Google's search engine, ban default search deals on iOS and other devices — U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through …

Kent Walker / The Keyword:

Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership — President, Global Affairs & Chief Legal Officer, Google & Alphabet — As part of its lawsuit over how we distribute Search …

More: Android Police, Android Authority, BetaNews, The Information, Onmanorama, and The Verge

Paresh Dave / Wired:

Four former Google executives say innovation by rivals is key to breaking Google Search's dominance, and ChatGPT-like tools will one day supplant Google Search — Despite shared concerns about Google's power, critics of the company and former executives express little agreement on what …

More: Spread Privacy and Business Insider

Leah Nylen / Bloomberg:

Filing: the US DOJ's proposal requires Google to allow websites more ability to opt-out of its AI products and provide more ad placement controls to advertisers — - Antitrust officials propose options in historic lawsuit — Google says government pushing ‘radical agenda’ beyond case

More: The Verge, Axios, Politico, CNBC, PYMNTS.com, TechRadar, and USA Today. X: @adamkovac

See also Mediagazer

Brian Fung / CNN:

As part of its proposed remedies, the US DOJ says Google should be required to syndicate its US search results to other rival search engines for the next decade

More: International Business Times, Lawyer Monthly, Türkiye Today, TechCrunch, Financial Times, and TalkAndroid.com. Bluesky: @kint.bsky.social

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 …

Maxwell Zeff / TechCrunch:

Jensen Huang says “foundation model pretraining scaling is intact” and models like OpenAI's o1 could play a larger role in Nvidia's business moving forward — Nvidia raked in more than $19 billion in net income during the last quarter, the company reported on Wednesday …

More: Business Insider, Dataconomy, and PYMNTS.com

Bluesky: @wildebees.bsky.social. Forums: r/artificial

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, Ars Technica, MarkTechPost, Newswise, SiliconANGLE, and New Scientist

X: @mathemagic1an, @google, @stevenheidel, @googledeepmind, @qhrant, @sundarpichai, @mikenewmquantum, @googlequantumai, @fjhheras, and @pushmeet

LinkedIn: Murphy Yuezhen Niu and Hrant Gharibyan, PhD. Forums: Hacker News

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.

Reed Albergotti / Semafor:

Q&A with Palo Alto Networks CEO Nikesh Arora about the role of the tech industry in Trump's administration, AI, the future of cybersecurity, and more — The Scene — While Palo Alto Networks CEO Nikesh Arora and his firm are more under the radar than Silicon Valley's consumer companies …

More: CRN

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

More: Put AI to Work for You, WinBuzzer, Put AI to Work for You, HackerNoon, The New Stack, and HPCwire

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

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 …

More: PYMNTS.com, Decrypt, and PhoneArena

Threads: @thejeffhou. X: @meghanbobrowsky

Michael Nuñez / VentureBeat:

A look at OpenScholar, an LLM for scientific research built by the Allen Institute for AI and the University of Washington that outperforms GPT-4o on accuracy — Scientists are drowning in data. With millions of research papers published every year, even the most dedicated experts struggle …

More: Ai2 OpenScholar, Ai2, Ai2 on YouTube, Akari Asai on GitHub, Ai2 OpenScholar, Akari Asai on GitHub, Akari Asai on GitHub, and OpenScholar on Hugging Face

Evelyn Cheng / CNBC:

Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business — BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.

More: Reuters, Baidu, Inc., and Bloomberg. X: @callmemilan

Eileen Guo / MIT Technology Review:

A look at biometric ID company Clear, as it works to expand its face-based line-cutting service at retailers, banks, doctor's offices, and other places — If you've ever been through a large US airport, you're probably at least vaguely aware of Clear. Maybe your interest (or irritation) …

More: Bloomberg. Mastodon: @eileenguo@journa.host. Forums: r/technews, r/TrueReddit, and r/privacy

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 Trade Desk, The Information, Marketing Dive, Light Reading, Benzinga, MediaPost, Benzinga, Adweek, Digiday, and The Desk

Mastodon: @jank0@sfba.social. Bluesky: @tysons-tech.bsky.social. X: @arthurquerou, @humanpropensity, @karstenw, @adtechgod, @reidjjackson, @naterothstein, @jamesiii, @sarafischer, @reidjjackson, @aepstein_, @paulcheesbrough, @jonholm, @thetradedesk, @michaelcaprio, @jk13, and @chappelltracker

LinkedIn: Jeff Green, Tyler Bell, Marion Ranchet, and Sara Fischer

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This is a Techmeme archive page. It shows how the site appeared at 5:20 AM ET, November 21, 2024.

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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

Daniel Thomas / Financial Times:

James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

Charlie Savage / New York Times:

Trump says Republicans must kill the PRESS Act, which would protect journalists' records and sources from the US government; the bill is stalled in the Senate

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Swetha Gopinath / Bloomberg:

London-based Lighthouse, which offers tools to help hotels analyze market demand and rates, raised a ~$370M Series C led by KKR, sources say at a $1B+ valuation

More: TechCrunch, Hospitality Net, and Lighthouse. LinkedIn: Lighthouse

Kyle Wiggers / TechCrunch:

OpenAI releases a free online course for K-12 teachers to integrate ChatGPT into their classrooms, but some educators remain skeptical about the technology

More: Business Today, ZDNET, Recent Movie Reviews …, Devdiscourse News Desk, Cryptopolitan, Inc, The Economist, CCN.com, PCMag, Mashable, Reuters, and Notebookcheck

X: @thisguyoftheai, @aselawaid, @larryferlazzo, @ninjaneil99, and @copyleaks

Rod McGuirk / Associated Press:

Australia introduces a bill in Parliament to ban children younger than 16 from social media; companies would face fines of up to AU$50M for violations

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

More: Canada NewsWire Group, Reuters, iPhone in Canada Blog, and Benzinga

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%

More: Menlo Ventures and PYMNTS.com

Mastodon: @glinden@sigmoid.social. X: @deedydas, @menloventures, @edzitron, and @derekgxiao

LinkedIn: Tiffany Spencer and Hayden Field

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

More: VentureBeat, Dataconomy, SiliconANGLE, Maginative, Analytics India Magazine, and MarkTechPost

X: @deepseek_ai, @dylan522p, @deepseek_ai, @emollick, @miles_brundage, @kerimrocks, @andrewcurran_, and @deryatr_

Sarah Perez / TechCrunch:

Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds

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

More: US Department of Justice, The Cyber Express, Cointelegraph, Reuters, PCMag, The Record, CyberScoop, crypto.news, CoinGape, TechCrunch, and BleepingComputer

Mastodon: @briankrebs@infosec.exchange. X: @whichbufferarda and @whichbufferarda

Earlier Picks

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

More: Digital Currency Group, CoinDesk, Benzinga, crypto.news, NFTgators, CryptoSlate, Coinpedia Fintech News, Crypto Briefing, The Information, and Wall Street Journal

X: @yumagroup, @yumagroup, @barrysilbert, @twobitidiot, and @barrysilbert. LinkedIn: Michael Casey

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

More: Meta, Messenger News, RM Update News, WinBuzzer, How-To Geek, MacRumors, The Verge, Engadget, Phandroid, iPhone in Canada Blog, Social Media Today, and TechCrunch

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

More: Xbox Wire, Android Headlines, Gizchina.com, Eurogamer.net, VICE, Android Authority, Game Rant, GamingBolt, Gematsu, Wccftech, Stevivor, Engadget, 9to5Google, Thurrott, TrueAchievements, Pure Xbox, Neowin, MobileSyrup, Gameranx, XboxEra, Digital Trends, CNET, and Windows Central

Bluesky: @ajguy.bsky.social and @vicious696.bsky.social

X: @baldursgate3, @ethangach, @jezcorden, and @xbox. LinkedIn: Chloé Giusti

Forums: r/SteamDeck, r/XboxIndia, r/VideoGameDealsCanada, r/XboxGamePass, r/xcloud, r/xbox, and r/Games

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

More: Fierce Electronics, GlobalFoundries, and U.S. Department of Commerce

X: @mackhawk, @senschumer, @semiconex, @globalfoundries, @govkathyhochul, and @commercegov

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

More: About Amazon, Engadget, MacRumors, MobileSyrup, Streaming Better, AFTVnews, Gizmodo, Android Authority, Android Police, Pocket-lint, MakeUseOf, GeekWire, Neowin, Forbes, The Ambient, The Shortcut, Tom's Guide, iClarified, ZDNET, T3, TechCrunch, and PCMag

X: @patrick_orourke, @amazonnews, and @greengart. LinkedIn: Delwin Best. Forums: r/technology

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

Rest of World:

GSMA: 4.6B people are now connected to mobile internet, or 57% of the world; mobile subscriber growth fell to 160M in 2023, from 200M per year from 2015 to 2021

More: GSMA and GSMA

Threads: @ben.werdmuller. Bluesky: @sesmith.bsky.social. X: @khadijaalam_

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

More: LogicMonitor, LogicMonitor, SiliconANGLE, TechCrunch, Constellation Research, and TechCrunch