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October 30, 2024, 1:40 AM
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Jay Peters / The Verge:
Sundar Pichai says “more than a quarter of all new code at Google is generated by AI, then reviewed and accepted by engineers”  —  Google is building a bunch of AI products, and it's using AI quite a bit as part of building those products, too.  “More than a quarter of all new code …
Alphabet:
Alphabet reports Q3 revenue up 15% YoY to $88.27B, Search revenue up 12%, net income up 34%, and traffic acquisition costs up 9%; GOOG jumps 5%+ after hours  —  MOUNTAIN VIEW, Calif. - October 29, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2024.
Jennifer Elias / CNBC:
Google Cloud Q3 revenue grew 35% YoY to $11.4B, vs. $10.88B est., led by accelerated growth in AI Infrastructure, Generative AI Solutions, and core GCP products
Todd Spangler / Variety:
YouTube Q3 ad revenue grew 12.2% YoY to $8.92B, vs. $8.89B est.; total ads and subscription revenues passed $50B over the past four quarters for the first time
Chris Welch / The Verge:
Apple updates the Mac mini with a smaller design, five USB-C ports, and up to 64GB of RAM, shipping from November 8 for $599+ with M4 and $1,399+ with M4 Pro  —  As part of the company's week of Mac-focused announcements, Apple has just introduced a smaller, yet even more powerful Mac Mini.
Benjamin Mayo / 9to5Mac:
Apple debuts the M4 Pro: Thunderbolt 5, up to a 14-core CPU, up to a 20-core GPU with up to 2x an M4 GPU's power, a 16-core Neural Engine, and up to 64GB of RAM
Tom Warren / The Verge:
GitHub says Copilot will support Anthropic, Google, and OpenAI models, unveils an AI tool to build micro web apps called Spark, Copilot for Xcode, and more  —  GitHub is going multi-model for its Copilot code completion and programming tool.  Developers will soon be able to choose models from Anthropic …
Jason Koebler / 404 Media:
Elon Musk's PAC sends Republicans texts impersonating Kamala Harris that push policies Harris doesn't support, without disclaimers, and ups its social ad spend  —  An Elon Musk-funded super PAC has expanded an advertising campaign in which it is impersonating Democrats and targeting registered Republicans …
Bloomberg:
Samsung's stock has dropped 32% from its 2024 peak on July 9, cutting $122B off its market cap, more than any other chipmaker worldwide on AI and foundry woes  —  - Stock sheds more value than any chipmaker on AI, foundry woes  — Samsung is ‘losing its technology leadership’: Pictet's Lee
Tess Owen / Wired:
Data: anti-government militia activity has grown on Facebook in the US, with the platform even auto-generating some group pages, despite the issue being flagged  —  Ahead of the election, anti-government militias are using Facebook to recruit, coordinate training, and promote ballot box stakeouts.
Reuters:
Sources: OpenAI has been working for months with Broadcom on its first in-house AI chip, for inference, built by TSMC, and has dropped its foundry plans for now  —  OpenAI is working with Broadcom (AVGO.O) and TSMC (2330.TW) to build its first in-house chip designed to support …
Arsheeya Bajwa / Reuters:
AMD reports Q3 revenue up 18% YoY to $6.82B vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 7%+ after hours  —  Advanced Micro Devices (AMD.O) on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper …
Reuters:
Dozens of sources share how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with Taiwan comments and losing a deep TSMC discount  —  Pat Gelsinger took the reins as Intel (INTC.O) CEO three years ago with hopes of reviving the American industrial icon.
Jonathan Vanian / CNBC:
Reddit Q3: revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+ after hours  —  Reddit shares jumped 22% in extended trading Tuesday, topping $100 for the first time, after the social media company reported …
Wall Street Journal:
Sources: xAI is in talks with investors to raise several billion dollars in a funding round that would value it at around $40B; xAI was valued at $24B in May  —  New fundraising effort would substantially increase startup's valuation from spring  —  Elon Musk's xAI is in talks with investors …

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From Mediagazer

Brian Steinberg / Variety:
Sources: CNBC plans to launch streaming outlet CNBC+ in Q1 2025, to make a “global feed” available that lets users follow programming from Asia and Europe

The Guardian:
Guardian and Observer journalists hold a second 48-hour strike against The Observer sale to Tortoise Media; the Scott Trust has agreed to the sale in principle

Dave Collins / Associated Press:
A US federal judge rejects Infowars' sale to The Onion in Alex Jones' bankruptcy, after Jones challenged the sale, leaving it to a trustee to decide next steps

More News

Pritam Biswas / Reuters:
MetaMask crypto wallet maker Consensys is cutting 162 staff, or ~20% of its workforce, citing broader macroeconomic pressures and ongoing regulatory challenges

Earlier Picks

Ingrid Lunden / TechCrunch:
LinkedIn launches Hiring Assistant, an AI agent designed to take on a wide array of recruitment tasks, like sourcing candidates, to a select group of customers
Ben Thompson / Stratechery:
Why Meta is well positioned to be AI's main beneficiary in the short, medium, and long term: generative AI, ads, infinite content, XR, “generative UI”, and more
Wayne Ma / The Information:
Sources: in a first, Apple is using an Indian factory to do the early manufacturing work for the base iPhone 17; the primary iPhone 17 Pro sites remain in China
Washington Post:
An analysis of the top 100 US congressional X accounts: since July 2023, Republicans had nearly all the posts with 20M+ views and saw bigger gains in followers
Brian Heater / TechCrunch:
Apple launches some Apple Intelligence features like writing tools, image cleanup, and typing in Siri, with the release of iOS 18.1, iPadOS 18.1, and macOS 15.1
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