Microsoft reports Q1 revenue up 13% YoY to $56.5B, net income up 27% YoY to $22.3B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 8% YoY
REDMOND, Wash. — October 24, 2023 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2023 …
Apple increases the monthly price of Apple TV+ from $6.99 to $9.99, News+ from $9.99 to $12.99, Arcade from $4.99 to $6.99, and Apple One from $16.95 to $19.95
Apple today announced that it is increasing the prices of some of its subscription-based services, including Apple TV+ …
Alphabet reports Q3 revenue up 11% YoY to $77B, net income up 42% YoY to $19.7B, and Google ad revenue up 9% YoY to $59.65B; GOOG drops 8%+ on cloud sales miss
MOUNTAIN VIEW, Calif. - October 24, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2023.
At a White House event, Apple says the company supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers
- Apple supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers.
A bipartisan group of 42 attorneys general sue Meta in the US, alleging that Facebook and Instagram features are addictive and aimed at kids and teens
- A bipartisan group of 42 attorneys general is suing Meta, alleging features on Facebook and Instagram are addictive and are aimed at kids and teens.
Sam Bankman Fried's lawyers say SBF plans to testify in his own trial when they start their case later this week, after damaging testimony from his inner circle
- Former crypto mogul fighting portrayal as criminal mastermind — Decides to go for risky move often avoided in criminal cases
Microsoft reports Q1 Intelligent Cloud revenue up 19% YoY to $24.26B, vs. $23.49B est., with Azure and other cloud services revenue up 29% YoY, vs. 26% YoY est.
Jordan Novet / CNBC :
Bankruptcy hearing: FTX is considering proposals from three bidders to restart trading, without disclosing the names, and will make a decision by mid-December
Steven Church / Bloomberg :
Sony's new PS5 Slim disc drive requires an internet connection to pair with the console for the first time, likely due to the DMCA's rules to prevent piracy
THE ONLINE REQUIREMENT HAS RAISED PRESERVATION CONCERNS — The upcoming optional disc drive for the PlayStation 5 will require …
Qualcomm unveils the S7 and S7 Pro chips with increased memory, AI capabilities, and more, designed for earbuds, headphones, and speakers to be released in 2024
Any flagship pair of headphones or earbuds you buy nowadays is going to be very, very good. Noise cancellation has grown …
The Internet Watch Foundation warns that generative AI is being used to create child sexual abuse imagery, and finds ~3K AI-made abuse images breaking UK law
Internet Watch Foundation finds 3,000 AI-made abuse images breaking UK law — The “worst nightmares” about artificial intelligence …
China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties
- Beijing makes its first comment on inquiry into Apple partner — China denies it is intervening in Taiwan's presidential race
BlockFi says the lending platform has emerged from bankruptcy and begun the process of repaying its creditors according to the terms of its bankruptcy plan
Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.
Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell
Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount
Amazon launches a generative AI tool for advertisers to create “lifestyle imagery” backgrounds or scenes for their products in beta
Amazon is beta testing AI image generation tools for its advertisers, offering an easy way to create backgrounds or scenes around whatever product ad buyers are hoping to sell.
Alphabet reports Google Cloud Q3 revenue up 22.5% YoY to $8.41B, vs. $8.62B est., and Google Cloud operating income of $266M, vs. an operating loss of $440M YoY
TikTok announces its first live global music event, set for December 10 in Mesa, Arizona, with Cardi B, Niall Horan, Anitta, and Charlie Puth headlining
The event will take place on Dec. 10 at Sloan Park in Mesa, Ariz. — TikTok is continuing its foray into the music world …
RISC-V chip designer SiFive, which has raised $365M, lays off ~20% of its employees, or 120 to 130 people, “across all different business groups and levels”
A quick one for you. I have received reports, now from multiple sources, that the major torch bearer of the RISC-V platform …
Apple schedules a “Scary Fast” event for October 30 at 5PM PT; in the event teaser, an Apple logo morphs into the macOS Finder icon, suggesting a Mac focus
Qualcomm unveils a Snapdragon 8 Gen 3 mobile 4nm chip, with a 25% more performant GPU, an AI Engine that can make Stable Diffusion images in <1 second, and more
US v. Google: Judge Amit Mehta has repeatedly accepted Google's requests to redact documents and hold private testimony, alarming press advocates and reporters
U.S. v. Google was supposed to be the “antitrust trial of the century”—the highest-profile, and potentially the most consequential … X: @econliberties , @khushitavasant , @scottnover , and @lutherlowe...
AWS plans to launch a sovereign cloud in Europe for governments and customers in regulated industries, storing data on EU servers and launching first in Germany
Amazon (AMZN.O) Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries.
Sources: Apple employees have discussed using Vision Pro to diagnose and treat mental health issues; eye-tracking and cameras could measure a person's “affect”
So far, Apple has pitched its upcoming Vision Pro mixed-reality headset as a tool for working and enjoying various forms of entertainment.
After 12 days of damaging US witness testimony from SBF's friends and colleagues, legal experts say he may now have to take the stand to avoid life in prison
California's DMV suspends Cruise's deployment and driverless testing permits, ending the GM self-driving car subsidiary's robotaxi operations in San Francisco
DMV: “The video footage presented to the department ended with the AV initial stop following the hard-braking 'maneuver. … @transbay@sfba.social : A phrase that I never thought I'd write: DMV FTW. — ...
Experts say an EU plan requiring messaging services to scan for CSAM is the wrong response to a multifaceted problem and a direct threat to democratic values
A controversial child sexual abuse material (CSAM)-scanning proposal that's under discussion by lawmakers in Europe …
Sources: Hong Kong crypto exchange HKVAEX, founded in December 2022, shares technical and other resources with Binance; HKVAEX intends to apply for a license
- HKVAEX, founded last December, shares technical and other resources with Binance, which has routinely participated in public events with the exchange this year
How telecoms and media giant Altice, led by billionaire Patrick Drahi, became weighed down by scandals and debt-fueled acquisitions during low interest rates
He built his telecoms empire in an era of low interest rates. Now, with soaring debt costs and a corruption case in the corporate suite … X: @benoitberthelot , @abhinavvr , and @aservais1 LinkedIn: I...
Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app
Mark Gurman / Bloomberg :
Qualcomm unveils Snapdragon Seamless, a technology integrated in its newest chips to better enable cross-device communication between different OEMs and OSes
Apple Pay Later launches for all eligible users in the US, following its invite-only early access prerelease version for “randomly selected users” in March 2023
here's how it works Rajesh Pandey / Cult of Mac : Apple Pay Later now available to all in the US David Becker / Appleosophy : Apple has launched Apple Pay Later to the public Alan Friedman / PhoneAren...
Salt Security researchers detail how now-patched critical API flaws in the social sign-in and OAuth implementations affected Vidio, Grammarly, and Bukalapak
Deeba Ahmed / Hackread :
Q&A with Harvard law professor and Creative Commons co-founder Lawrence Lessig on AI's impact on social media and free speech, copyright use, TikTok, and more
After 30 years teaching law, the internet policy legend is as worried as you'd think about AI and TikTok … Mastodon: @michellemanafy@journa.host . LinkedIn: Andrei Nicolae Cuta , Rick Lane , and Paul ...
Source: Indian tax authorities serve notices to online gaming companies demanding ~$12.03B in allegedly evaded taxes, after imposing a 28% gaming tax in August
Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) …
Kokusai Electric jumps as much as 32% in its Tokyo IPO, valuing the chip equipment maker at $3.6B, after raising ~$721M; KKR reduced its stake from 73% to 48%
and failed — to do in Japan for decades. It acquired a neglected division of a Japanese conglomerate, overhauled operations and then took the company public for what looks like a sizeable return. A🧵: ...
A survey of 1,484 US Amazon workers at 451 facilities finds injury and pain “are far more widespread” than previously known; 69% took unpaid time off to recover
Matt Day / Bloomberg :
Toronto-based CentML, which offers tools to cut the cost of deploying ML models, raised a $27M seed from Nvidia and others, taking its total funding to $30.5M
Contrary to what you might've heard, the era of large seed rounds isn't over — at least in the AI sector.
Sources: SMIC used ASML's DUV machines to produce its 7nm chip used by Huawei; ASML has never sold its EUV tools to China, but older DUV models can be retooled
- SMIC mixed ASML tech with other tools in Huawei chip: sources — New US controls regulate sale of some ASML machines in China Bluesky: @elkmovie.bsky.social . X: @silvermanjacob and @sarahannjacob B...
French payments group Worldline reports Q3 revenue up 4.8% YoY to €1.18B and warns of a 2023 revenue hit due to a deteriorating economic outlook; WLN drops 55%+
Q3 2023 revenue: € 1,182 million, +4.8% organically Lina Golovnya / Reuters : Shares in French payment company Worldline sink by 50% as it cuts targets Finextra : Worldline shares halve on depressed o...
Microsoft, OpenAI, Google, and Anthropic pick Brookings' Chris Meserole to run their new Frontier Model Forum, which plans to commit $10M to an AI safety fund
Financial Times :
FOIA docs: ICE used a tool called GOST to decide whether US visa applicants' social media posts are “derogatory” to the US, as part of immigration enforcement
Check out this @404mediaco story on social media surveillance docs obtained by our @ACLU_NorCal team + @ACLU. https://www.404media.co/... Terri K O / @terri@social.afront.org : This article on how the...
Blued, China's largest gay dating app, plans to expand to Southeast Asia and the US in a bid to take on Grindr, while facing censorship and competition in China
Rest of World : X: @violazhouyi , @violazhouyi , @violazhouyi , @violazhouyi , and @danreast X: Viola Zhou / @violazhouyi : Blued is looking to compete with Grindr and others by offering social funct...
Kaiko: in 2023, 3,445+ crypto tokens or trading pairs are being delisted or have been inactive for long enough to be dropped by exchanges, 15% more than in 2022
Olga Kharif / Bloomberg :
Texas Instruments reports Q3 revenue down 14% YoY to $4.53B, vs. $4.58B est., and forecasts Q4 revenue and profit below estimates as industrial demand worsens
HSBC: UK startups raised $4.9B in Q3, attracting ~37% of that from US VCs, taking 2023 funding so far to ~$15B, or about the same as France and Germany combined
Irina Anghel / Bloomberg :
The Israel-Hamas and Russia-Ukraine wars are fueling graphic videos online for a global audience, sometimes as propaganda, and potentially causing more trauma
https://lnkd.in/gN5eEMNs See also Mediagazer
Matrix, an open protocol for decentralized messaging, says its network has 115M+ users, up from 60M in July 2022, after releasing Matrix 2.0 in September 2023
https://www.bleepingcomputer.com/ ...
Amazon Live and Flipkart's Vibes are trying to revive livestreamed e-commerce in India, after most startups that tried to popularize the retail push struggled
for @restofworld https://restofworld.org/... LinkedIn: Itika Sharma Punit : Livestream shopping is wildly popular in many parts of the world. But as an avid online shopper in India — a fast-growing e...
In its first transparency EU DSA report, Amazon discloses 181M+ users, directly employing 150K+ people, and more; Germany leads with 60M+ MAUs and Italy has 38M
Supantha Mukherjee / Reuters :
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.