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November 20, 2024, 4:55 PM
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WeSmirchTop News
| 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: Reuters, Blockworks, Semafor, Proactive, Forbes, Nvidia Newsroom, Constellation Research, Investopedia, CNBC, and Invezz
| 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: TechCrunch, Reuters, CNBC, Blockworks, Associated Press, UPI, Watcher Guru, Cryptonews, DL News, Decrypt, New York Times, The Daily Hodl, Cryptopolitan, CoinDesk, Financial Times, The Crypto Times, Cointelegraph, crypto.news, Crypto Briefing, CoinGape, Bloomberg, Coinpedia Fintech News, Bitcoin Insider, CryptoSlate, and Better Markets
X: @innercitypress and @innercitypress
| 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, MarkTechPost, and Pocket-lint
| 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| 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, Gizmodo, Android Authority, Android Police, GeekWire, TechHive, Forbes, MobileSyrup, The Ambient, Streaming Better, AFTVnews, Wired, Pocket-lint, Neowin, Thurrott, Tom's Guide, TechCrunch, TechRadar, T3, iClarified, MakeUseOf, PCMag, The Shortcut, Liliputing, 9to5Toys, ZDNET, and iPhone in Canada Blog
X: @patrick_orourke and @amazonnews
| 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, How-To Geek, VICE, Android Authority, Engadget, 9to5Google, Thurrott, Gizchina.com, Eurogamer.net, CNET, Windows Central, Game Rant, Gematsu, Comic Book, MobileSyrup, Neowin, Video Games Chronicle, Pure Xbox, TrueAchievements, Kotaku, Gameranx, XboxEra, Digital Trends, Wccftech, and GameSpot
Forums: r/Games, r/xcloud, r/xbox, r/SteamDeck, r/XboxIndia, and r/XboxGamePass
| 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, The Verge, Engadget, TechCrunch, iPhone in Canada Blog, and Social Media Today
| 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 … | 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 … | 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.
More: Menlo Ventures. Mastodon: @glinden@sigmoid.social. X: @deedydas, @edzitron, @derekgxiao, and @menloventures
| 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, 9to5Mac, Engadget, and iPhone in Canada Blog
Threads: @mosseri, @renewable_energy_club, @jitpal, @nwbrownboi, @thebrianpenny, @bluesky_social, @tomwarrenuk, and @thebrianpenny. Bluesky: @jaypeters.net
| David Streitfeld / New York Times: |
How Google spent 15 years creating a culture of concealment, telling staff to destroy messages, avoid some words, and copy in lawyers, as it faces US lawsuits — Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.
More: Quartz. Mastodon: @jeffjarvis@mastodon.social. Bluesky: @randomwalker.bsky.social and @bcappelbaum.bsky.social
X: @kamylbazbaz, @matthewstoller, and @joshokane
Forums: Hacker News, r/technology, and r/privacy
| 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: PCMag, The Record, CyberScoop, Reuters, TechCrunch, US Department of Justice, BleepingComputer, and crypto.news
| Parmy Olson / Bloomberg: |
As OpenAI, Anthropic, and Google reportedly see diminishing generative AI training returns, a market hype break may be useful, just as with previous innovations — Businesses will benefit from some much-needed breathing space to figure out how to deliver that all-important return on investment.| Wired: |
An investigation reveals how phone coordinates collected by US data broker Datastream expose the movements of US military and intelligence workers in Germany — More than 3 billion phone coordinates collected by a US data broker expose the detailed movements of US military and intelligence workers …
More: Metacurity and Pixel Envy
Mastodon: @aram@aoir.social. Bluesky: @karlbode.bsky.social, @timmarchman.bsky.social, @shiraovide.bsky.social, @lukaszolejnik.bsky.social, @joannestocker.bsky.social, @europaulb.bsky.social, @matthewchampion.bsky.social, @hatr.bsky.social, @mattburgess1.bsky.social, @cutterkom.bsky.social, and @jospang.bsky.social
X: @samfbiddle, @dmehro, @billmarczak, @jshermcyber, @johnnyryan, and @dmehro
Forums: r/army, r/technology, r/politics, r/technews, and r/cybersecurity
| 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: Tom's Hardware
| 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 …
More: The New Stack, Put AI to Work for You, Semafor, Bloomberg, Put AI to Work for You, SpicyIP, and CIO.com
| 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 — What happened to the “next billion” internet users? They're already online. — 57% of the population is already connected to mobile internet.| 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.| Joseph Cox / 404 Media: |
Leaked documents: Graykey, a phone unlocking tool used by police, can access “partial” data from the iPhone 12 up to the iPhone 16 running iOS 18 or iOS 18.0.1 — The Graykey, a phone unlocking and forensics tool that is used by law enforcement around the world …
More: BGR, 9to5Mac, Digital Trends, MacRumors, AppleInsider, and Neowin
Mastodon: @jasonkoebler@mastodon.social and @josephcox@infosec.exchange
X: @grapheneos, @josephfcox, @jsrailton, @josephfcox, @jason_koebler, and @josephfcox
Forums: r/apple, r/privacy, and MacRumors Forums
| Sharon Goldman / Fortune: |
How Mark Zuckerberg made Llama a cornerstone of AI ambitions at Meta, whose smartphone-era services and products have been constrained by Apple and Google — Zuckerberg has pushed Meta to build Llama into all its products and services, including its Orion augmented reality glasses now in prototype stage.| 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
More: Fierce Electronics, Forexlive, GlobalFoundries, Tech Xplore, and Reuters
| Ryan Browne / CNBC: |
Belgium-based Odoo, which develops open-source enterprise resource planning software, hit a €5B valuation in a secondary share round led by CapitalG and Sequoia — Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) … | Richard Milne / Financial Times: |
Klarna's US IPO listing is another deep blow to Europe, where the lack of a complete single market is pushing EU startups to choose US exchanges for their IPOs — Until there is a single market in areas from services to capital markets, more companies will choose American exchangesSponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
Zoho Books now enables direct VAT filing with EmaraTax — We're excited to announce that Zoho Books is now recognised as a Digital Tax Integrator by the Federal Tax Authority, enabling direct VAT return filing from within your favorite accounting software.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
The Logan Bartlett Show:
Jeffrey Katzenberg & Sujay Jaswa (WndrCo) on What Startup Founders Can Steal From The Entert
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Hard Fork:
Google DeepMind C.E.O. Demis Hassabis on Living in an A.I. Future
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Spotlight On:
VBSR 1.01: RTO is back (again) + data moats dry up + Sara vibecodes
A podcast from Accel about how companies are built, from the people doing the building.
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Techmeme Ride Home:
OpenAI Acquihires Jony Ive!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
BG2 Pod:
AI, Middle East, China, Tariffs, Recon Bill, Invest America
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
Decoder with Nilay Patel:
Uber CEO Dara Khosrowshahi is okay with reinventing the bus
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
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