Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B; NFLX jumps 7%+
LOS ANGELES — Netflix reported earnings after the bell. Here are the results. — Earnings per share: $5.40.
Bluesky says it added 500K new users in a day this week after X announced plans for controversial changes, including basically getting rid of the block feature
A handful of changes coming to X may be pushing users to its competitor. Bluesky, the decentralized social platform, says it added 500,000 new users in a day this week.
Sources describe OpenAI and Microsoft's fraying relationship, OpenAI renegotiating its deal for more computing power, Microsoft's own LLM efforts, and more
The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available
The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY
The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”
With the number of Americans 65 and older expected to balloon by nearly 50 percent by 2050, the rules will ensure those with hearing loss …
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers
Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
X updates its ToS to steer any disputes by users to the US District Court for the Northern District of Texas, whose judges often favor conservative litigants
Elon Musk's X has updated its terms of service to steer any disputes by users of the social media platform formerly known as Twitter …
Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024
Todd Spangler / Variety :
X updates its Privacy Policy to allow third-party “collaborators” to train their AI models on X user data, unless the user opts out, effective November 15, 2024
and any disputes must be heard in a Trump-friendly court Christianna Silva / Mashable : X to allow third parties to train AI on your posts James Bentley / PC Gamer : The AI opt-out models Meta, Musk's...
Sources: Microsoft and OpenAI are negotiating how much equity Microsoft gets when OpenAI becomes a for-profit company, for which OpenAI has two years
The two companies have hired investment banks to help negotiate how much equity Microsoft gets when OpenAI becomes a for-profit company
Sources: the US is probing if TSMC has been making AI or smartphone chips for Huawei in breach of US sanctions, including Huawei buying chips via intermediaries
The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co. has been making artificial intelligence …
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market
Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
Perplexity launches Internal Knowledge Search, to search the web or internal files, and Spaces, a way to organize research, for its Pro and Enterprise customers
Enterprises can use their Perplexity dashboards to search for internal information and combine it with knowledge from the internet …
Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits
Mark Zuckerberg at Meta Connect in 2024. — Scores of Meta employees have been laid off this week, as the company embraces …
Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B
Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash …
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs
Causing Bitcoin To Spike Jonathan Greig / The Record : Alabama man arrested in breach of SEC social media account Karissa Bell / Engadget : The FBI arrested an Alabama man for allegedly helping hack t...
NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash
Feds open new safety investigation TechCrunch : Tesla's Full Self-Driving software under investigation by federal safety regulator Umar Shakir / The Verge : Feds are investigating Tesla ‘Full Self-Dri...
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist
RE: https://www.threads.net/... X: Anurag Shrivastava / @hrnext : One of the old time brilliant IIT grads - not product of Kota coaching kind of nonsense Glenn Gabe / @glenngabe : Prabhakar is moving ...
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”
refunds customers for mini PC, ends sales and support for the device immediately Bluesky: Scary Mary Branscombe / @marypcbuk.bsky.social : ouch - but you can already get a laptop with those same specs...
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more
and Will Come Right to Your Door Kate Irwin / PCMag : Sam Altman's Worldcoin Launches ‘Deep Face,’ New Eye-Scanning Orb World on YouTube : Keynote: a new world — Join Worldcoin co-inventors Alex Bla...
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions
but it has more work to do José Adorno / BGR : Apple celebrates 10 years of Apple Pay with new features and more payment methods Ben Lovejoy / 9to5Mac : More Apple Pay installment options, and PayPal ...
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool
RE: https://www.threads.net/... X: Logan Kilpatrick / @officiallogank : Great news for NotebookLM fans: Audio Overviews can now be customized and steered before generating + we are rolling out Noteboo...
Verizon will buy some of US Cellular's spectrum licenses for $1B, contingent on closing a deal announced in May to sell some US Cellular assets to T-Mobile
Jake Rudnitsky / Bloomberg :
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
report X: Alex Konrad / @alexrkonrad : Scoop: Stripe is in talks to acquire crypto startup Bridge for $1 billion, sources tell @DavidJeans2 and me in @Forbes. The deal would likely be the fintech unic...
Sources: Matt Mullenweg offered another buyout offer to Automattic staff; Mullenweg appears to have redirected staff's Blind sign-up emails to himself
🍿🍿 🍿 🍿 — https://www.404media.co/... @noellemitchell@mstdn.social : “Instead of Blind, employees have been posting on Anonymattic, an anonymous message board set up on WordPress's own systems that a...
Government sources say India plans to limit imports of laptops, tablets, and PCs after January 2025 to push companies to increase domestic manufacturing
Shivangi Acharya / Reuters :
LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024
“In the next few days it will start testing … See also Mediagazer
Chinese robotaxi firm Pony.ai files for a Nasdaq IPO, says its H1 2024 revenue nearly doubled to $24.7M with a net loss of $51.3M, down from $69.4M in H1 2023
I'm Shocked The Stock Symbol Is Free Bloomberg : Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week Nickie Louise / Tech Startups : Toyota-backed Chinese self-driving star...
Nebius Group, previously Yandex NV, says it will resume trading on Nasdaq on October 21, after being halted following Russia's February 2022 invasion of Ukraine
A look at Dippy, an AI companion startup that lets users see the reasoning behind their chatbot's replies, claims to have 50K DAUs, and raised a $2.1M pre-seed
sometimes revealing hidden motives. https://www.wired.com/... [image] Spiros Margaris / @spirosmargaris : Inside the Mind of an AI Girlfriend (or Boyfriend) https://www.wired.com/... @willknight @wire...
Abel, founded by Daniel Francis, or @growing_daniel on X, to build AI that uses body cam footage and other data to fill out police reports, raised a $5M seed
Margaux MacColl / TechCrunch : X: @garrytan . LinkedIn: Masha Bucher X: Garry Tan / @garrytan : Super proud of what @growing_daniel is making with Abel Police. Definitely has been my honor to work wi...
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