The Office of Management and Budget releases draft rules for US federal agencies to assess AI in health care, law enforcement, and housing for potential harms
Draft rules from the White House would require federal agencies to assess AI systems currently in use in law enforcement …
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse
Mistakes aren't illegal, but fraud is — and Bankman-Fried's lawyers never made his defense land.
At the UK's AI Safety Summit, the UK releases the Bletchley Declaration, signed by 28 countries and the EU, and the US announces an AI Safety Institute
from government to civil society to the private sector — must work together to build a future where AI creates opportunity, advances equity, and protects fundamental rights and freedoms. Today's actio...
The EDPB instructs the Irish DPC to ban Meta's use of Facebook and Instagram users' personal data for behavioral ads in EU and EEA countries within two weeks
An unprecedented shakeup in the advertising technology space has arrived in Europe. Changes are coming to adtech's approach …
A critical look at the SEO industry: users complain that Google isn't as useful anymore, some experts complain it's harder to game Google's algorithm, and more
As the public begins to believe Google isn't as useful anymore, what happens to the cottage industry of search engine optimization experts …
Disney plans to acquire NBCU's 33% stake in Hulu, gaining full ownership, and expects to pay ~$8.61B, representing NBCU's share of a $27.5B guaranteed floor
The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.'s (NASDAQ …
On the UK's AI Safety Summit first day, there were closed-door discussions about whether to pause the development of next-generation “frontier” AI models
Thomas Seal / Bloomberg :
Apple quietly discontinued Apple Music's $4.99/month Voice Plan, introduced in 2021 to let users access the Apple Music catalog exclusively via Siri
Apple this week held a special event to announce new Macs, but what the company didn't tell is that it has just quietly discontinued the …
After major Azure attacks, Microsoft launches the Secure Future Initiative, with plans to use AI and automation to identify vulnerabilities and respond faster
Microsoft has had a rough few years of cybersecurity incidents. It found itself at the center of the SolarWinds attack nearly three years ago …
PayPal discloses that the company received an SEC subpoena tied to its US dollar stablecoin, launched in August 2023
Payments firm PayPal Holdings (PYPL.O) said on Thursday it had received a subpoena from the Securities and Exchange Commission (SEC) tied to its U.S. dollar stablecoin.
YouTube raises Premium's price globally, starting with Argentina, Australia, Austria, Chile, Germany, Poland, and Turkey, after the US price hike in July 2023
Abner Li / 9to5Google :
YouTube begins restricting how often US teens receive repeated video recommendations about sensitive topics like body image and plans to expand globally in 2024
Starting November 2nd, YouTube will impose restrictions on how often teens receive repeated video recommendations related …
Boeing investigates a cyber incident that impacted its parts and distribution business, days after LockBit announced stealing “a tremendous amount” of its data
Boeing (BA.N), one of the world's largest defense and space contractors, said on Wednesday it was investigating …
The UK plans to invest £225M into Isambard-AI, an AI supercomputer 10x faster “than the UK's current quickest machine”, to be built by the University of Bristol
- The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an AI supercomputer …
A year after FTX began to collapse, the exchange remains in bankruptcy court, weighed down by $10B of user claims, while its crypto holdings have grown in value
US v. Google: Apple said “Android is a massive tracking device” and detailed its privacy stance in a 2013 internal presentation sent from Eddy Cue to Tim Cook
- Apple's internal presentation from 2013 is part of new exhibits posted by the Department of Justice in the ongoing Google antitrust trial.
New York AG Letitia James says Uber and Lyft agreed to pay a combined $328M to settle allegations they withheld wages from drivers and did not provide sick pay
- Uber and Lyft agreed to pay a total of $328 million to settle allegations that they unlawfully withheld wages from drivers …
Arm acquires a minority stake in Raspberry Pi, extending the long-term partnership between the two companies that has seen Arm CPUs feature in all Pi SoCs
Arm wants a slice of Pi — Arm Holdings plc today announced that it has made a strategic investment, a minority stake in Raspberry Pi Ltd …
Flexport acquires shuttered digital freight startup Convoy's tech stack, doubling down on US trucking; a source says Convoy CEO Dan Lewis will join Flexport
Flexport has reached a deal to buy the technology of shuttered trucking startup Convoy, as Flexport doubles down on its U.S. trucking ambitions …
Apple's M3 series shows a return to core messaging themes around user human usability; producing three M3 chips likely has to be close to $1B in tape-out costs
Earlier this week Apple unveiled the latest in its line of CPUs - the M3 family. There has been a lot of CPU news in the past weeks …
After a security incident at Okta's healthcare coverage provider Rightway, Okta warns around 5,000 employees that hackers may have accessed their personal info
Okta is warning nearly 5,000 employees that the company was impacted by a data breach that exposed personal information.
How Arizona State University, a “secret weapon” that has become an R&D hive for the chip industry, made Phoenix into the beating heart of the US chipmaking boom
Arizona State's role in building skilled labour force is part of national trend as investors scramble for talent X: @martijnrasser and @andywwestwood LinkedIn: Martijn Rasser and James Mawson X: Marti...
A New Jersey high school and police investigate after male students shared AI-generated nudes of female students in group chats; parents are unsure what to do
After boys shared faked pornographic images made of female classmates, both the school and the local police began investigating
DoorDash tests a prompt to warn customers that orders with no tip ahead of time “might take longer to get delivered” as drivers choose which orders to accept
how about a warning to the corp that failure to pay their workers a living wage will result in less use of their service and fewer employees. Dare Obasanjo / @carnage4life@mas.to : DoorDash now warns ...
The US SEC charges SafeMoon and its executives for selling unregistered crypto securities and misappropriating investors' funds the team promised were “locked”
https://lnkd.in/dgfMTj9n Freddy M. : This is not #Crypto. This is #Criminal, and a major reason why people don't understand what we're all building here. 🤦🏽♂️ … Nicholas Schmidt / Nicholas Schmidt, ...
US v. Google: Google VP of Search Elizabeth Reid disputes the government's contention that Google “rushed” to release Bard after Microsoft announced Bing Chat
mainly focusing on local search and maps. @bigtechontrial : Testimony in #USvGoogle this morning from Google VP of Search Elizabeth Reid, who has worked at Google since graduating college in 2003. Dur...
Airbnb reports Q3 revenue up 18% YoY to $3.4B, vs. $3.37B est., Nights and Experiences Booked up 14% YoY to 113.2M, and Q4 revenue forecast below estimates
US v. Google offers a rare look at Google's top 20 queries by revenue for a week in September 2018: iPhone, insurance, cheap flights, online colleges, and more
US v. Google: Mozilla CEO Mitchell Baker says Firefox's switch to Yahoo in 2014 degraded the UX and Firefox struggled to compete on mobile because of defaults
- Mozilla's Firefox switched to Yahoo from Google in 2014 — Difficulty of switching search engines is key to DOJ case Mastodon: @ocdtrekkie@mastodon.social . Bluesky: @epro.social . X: @vidushi_law a...
Shopify reports Q3 revenue up 25% YoY to $1.71B, beating $1.68B est., a $56.2B GMV, beating $54.42B est., and projects ~25% 2023 revenue growth; SHOP jumps 18%+
Ilya Banares / Bloomberg :
Intuit plans to close personal finance app Mint, acquired in 2009 for $170M, on January 1, 2024, and pushes users to Credit Karma, acquired in 2020 for $7.1B
https://lnkd.in/djtFkne8 Ryan Pollock : Aww man, does Intuit really need to pull a Google? — I've been using Mint ever since Noah Kagan gave me a pre-launch demo over lunch at the 'plex back in '06 ...
CRM platform HubSpot plans to acquire B2B data provider Clearbit, which has 400K+ users and 1,500+ business customers, and was valued at $250M in January 2019
over the years, I'm thrilled about this announcement and what it'll mean for HubSpot customers. Mollie Schane : This HUGE and exciting news. I already loved using Hubspot and this acquisition is a ga...
Chainguard, which helps companies secure their open-source software supply chain, raised a $61M Series B led by Spark Capital, taking its total funding to $116M
Taylor Soper / GeekWire :
Qualcomm reports Q4 adjusted revenue down 24% YoY to $8.67B, vs. $8.51B est., handset chip sales down 27% YoY to $5.46B, and a strong Q1 2024 forecast
Kif Leswing / CNBC :
Amazon plans to roll out a BNPL checkout option for Amazon Business users by November 24 via its Affirm partnership, with loans ranging from $100 to $20,000
Hugh Son / CNBC :
Amazon adds advertisements for physical products, such as earbuds, to Fire TV's top feature carousel, which until now has only promoted streaming video content
Jared Newman / TechHive :
EA reports Q2 net bookings up 4% YoY to $1.82B, vs. $1.78B est., revenue of $1.91B, up from $1.9B in Q2 2022, and raises its annual profit forecast
After securing regulatory approval, Coinbase says that eligible US retail customers can now access BTC and ETH futures contracts via Coinbase Financial Markets
RT Watson / The Block :
Palantir reports Q3 revenue up 17% YoY to $558M, a $72M net income, the fourth straight profitable quarter, and projects 2023 income above est.; PLTR jumps 15%+
Lizette Chapman / Bloomberg :
Snowflake unveils Snowflake Cortex, a fully managed service designed to help business users and developers work with AI-powered apps on its Data Cloud platform
https://lnkd.in/g4A63wPw Ryan T. McBroom : Snowflake Cortex is part of a broader plan to put the data stored in Snowflake to work in different ways, whether it's searching, querying, or building appli...
PayPal reports Q3 revenue up 9% YoY to $7.4B, vs. $7.38B est., total payment volume up 13% YoY to $387.7B, vs. $377.9B, and forecasts FY 2023 profit above est.
Roku reports Q3 revenue up 20% YoY to $912M, vs. $853.2M est., net loss up 170% YoY to $330M, and forecasts a “similar” YoY ad growth for Q4; ROKU jumps 15%+
DoorDash reports Q3 revenue up 27% YoY to $2.16B, vs. $2.09B est., total orders up 24% YoY to 543M, and net loss down 75% YoY to $75M; DASH jumps 7%+
Source: TikTok users sent $250M+ worth of digital gifts to US livestreamers in Q3; TikTok takes a 50% cut and is on track to earn $500M in US tips in 2023
Erin Woo / The Information :
Sources: after burning through $7B over the past year, YMTC has had to raise billions of dollars in capital, as the Chinese chipmaker tries to adapt to US curbs
Financial Times :
Sources: Binance plans to end its partnership with payments firm Advcash, which let customers move funds held at sanctioned Russian banks to the crypto exchange
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