Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% YoY to $15.69B, and family daily active people up 5% YoY to 3.29B on average for September 2024
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B
Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles
This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning the last few decades …
Mark Zuckerberg says Threads has almost 275M MAUs and is adding more than a million sign ups per day, while Meta AI has passed 500M MAUs in less than a year
RE: https://www.threads.net/... Kurt Wagner / @kurtwag8 : Threads Monthly users: April - 150m July - 175m Aug - 200m Oct - “almost” 275m That's a lot of growth in one year (even if they are pushing Th...
China sanctions Skydio, the US' largest drone maker and a supplier to Ukraine's military; sources say Skydio is rushing to find new suppliers for critical parts
Skydio, the US's largest drone maker and a supplier to Ukraine's military, faces a supply chain crisis after Beijing imposed sanctions …
Zuckerberg says Meta is training Llama 4 models on a cluster of 100K+ H100 chips, “or bigger than anything that I've seen reported for what others are doing”
The race for better generative AI is also a race for more computing power. On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost $58B+ since 2020
Jonathan Vanian / CNBC :
Mark Zuckerberg says the company's AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram
Sarah E. Needleman / Wall Street Journal :
Microsoft says its AI business is on track to surpass a $10B annual revenue run rate in Q2, its fastest product category to reach that milestone yet
Ina Fried / Axios :
Kuo: Apple plans to use its own Wi-Fi and Bluetooth chips made by TSMC's N7 process and with Wi-Fi 7 in the iPhone 17 lineup, reducing its reliance on Broadcom
Apple's big launches for 2024 are nearly complete, so reports are going to pick up regarding the 2025 product lineup.
Kraken lays off workers and names Arjun Sethi as co-CEO; sources: the cuts total 15% of staff, or ~400, including COO Gilles BianRosa and CTO Vishnu Patankar
The influential cryptocurrency exchange has undergone several reorganizations in recent years. — Kraken, one of the world's …
Google adds Gemini in Google Maps in the US, with AI-summarized reviews and answers to conversational questions by users, and adds 150 cities to Immersive View
Google Maps is getting a big update that's supposed to help you find new places to visit with AI.
A look at X's Election Integrity Community, a feed to “share potential incidents of voter fraud” that has 50K+ members, launched by Elon Musk's America PAC
Elon Musk didn't just get a social network—he got a political weapon. — It's easy to forget that Elon Musk's purchase …
Filing: Microsoft has made “funding commitments of $13B” to OpenAI and says losses from its stake were partly why it had a $683M expense on its Q1 investments
Todd Bishop / GeekWire :
Mark Zuckerberg says Meta is “executing quite well” in building out AI infrastructure, as Meta raises the low end of its 2024 capex guidance from $37B to $38B
Jonathan Vanian / CNBC :
An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K+ ads to collect users' information
Co-published with Tow Center for Digital Journalism — Deceptive Political Ads: Eight deceptive advertising networks …
Chinese and Israeli academics predict the AI boom will increase global e-waste by 3% to 12% by 2030, or up to 2.5M metric tons of additional e-waste each year
Most e-waste is never recycled. Data center upgrades for AI projects could significantly add to the problem, researchers say.
Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff
Block CEO and founder Jack Dorsey wants streaming music app Tidal to operate like a startup again - and that means layoffs
Anthropic launches Claude apps for Mac and Windows in public beta, and releases a dictation tool for Claude on iOS, Android, and iPadOS
Anthropic's AI-powered chatbot, Claude, now has desktop apps. — Anthropic is launching Claude apps for Mac and Windows today in public beta, which …
Sophos details a five-year battle with Chinese hackers exploiting its firewalls, and how its device “implants” traced the hacks to a university and a contractor
Sophos went so far as to plant surveillance “implants” on its own devices to catch the hackers at work—and in doing so …
Source: Amazon's target deadline to unveil AI-upgraded Alexa has moved into 2025, after documents showed Amazon planned to unveil the product on Oct. 17, 2024
Amazon is eager to take on ChatGPT, but technical challenges have forced the company to repeatedly postpone the updated voice assistant's debut.
Ghost's CEO details the organization's governance structure and says the open-source CMS generates ~$7.5M in annual revenue and has been profitable for 12 years
Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license. Threads: @prschulz , @dvdwinden , and @quillmatiq . Mastodon: @ben@werd.s...
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors
New York Times :
A look at VMware one year after Broadcom's acquisition: some customers say costs have risen 300%, Broadcom stopped selling perpetual VMware licenses, and more
Ars speaks with users and partners unhappy with Broadcom's changes. … After closing a $69 billion deal to buy virtualization … Forums: Slashdot and Ars OpenForum Forums: Msmash / Slashdot : 300% Price...
Media Matters: from May to August 2024, the top 30 conservative YouTube channels posted 286 videos containing US election misinformation, racking up 47M+ views
In June 2023, YouTube decided to stop fighting the most persistent strain of election misinformation in the United States …
US court docs: in 2022, Apple warned TikTok that the app had more mature content than was suitable for under-17s and urged it to change its App Store age rating
The communications between the tech giants were inadvertently made public in a complaint filed by South Carolina.
The Biden admin unveils an $825M investment in an Albany-based chip research and development facility; the NTSC says the facility aims to drive EUV innovation
The Biden administration on Thursday announced an $825 million investment in a new semiconductor research and development facility in Albany …
OnePlus unveils the OnePlus 13, its next flagship with a Snapdragon 8 Elite SoC, 12GB+ RAM, and a 6,000mAh battery, available in China on November 1 for ~$630+
OnePlus has officially announced its next flagship smartphone, the new OnePlus 13. Powered by the Snapdragon 8 Elite processor …
The EU will review Nvidia's acquisition of AI workload management startup Run:ai, after a request by Italy's regulators; Nvidia reportedly paid $700M for Run:ai
The European Union has tossed a spanner in the works of chipmaker Nvidia's proposed acquisition of Tel Aviv-based AI workload management startup Run:ai.
CCDH: of 283 X posts in 2024 with false election claims that Community Notes members had responded to, only 20 had notes with enough votes to be publicly shown
How X's Community Notes system falls short on misleading election claims Andrew Hutchinson / Social Media Today : Reports Find Community Notes Is Failing To Address Misinformation on X Danny Gallagher...
Many long-time game workers are ditching large productions in favor of smaller teams, enabled by growing accessibility of Unreal Engine and other powerful tools
Thanks Jason Schreier for putting my game as the image for the article as well! … Del Walker : A great article, however, let's expand on the longterm effects: — People might wonder how a 90-person s...
The EU Commission opens formal DSA proceedings against Temu over the alleged sales of non-compliant products and its platform design, like addictive features
Dominic Chopping / Wall Street Journal :
Roblox reports Q3 revenue up 29% YoY to $919M, bookings up 34% YoY to $1.13B, above $1B est., and DAUs up 27% YoY to 88.9M; RBLX jumps 15%+
by a lot.Some stats from the company's third-quarter earnings: Anusuya Lahiri / Benzinga : Roblox Q3 Earnings: Bookings Jump 34%, User Base Hits 89 Million, Raises Annual Outlook Noor Bazmi / Cryptopo...
Peloton names Ford executive Peter Stern as CEO, set to start on January 1, to lead a turnaround, and projects Q2 subscriber numbers below analyst estimates
Mark Gurman / Bloomberg :
Samsung reports Q3 revenue up 17% YoY to ~$57.4B, net profit up 73% to ~$7.3B, operating profit of ~$6.7B, and chip unit operating profit down 40% QoQ to ~$2.8B
Kwanwoo Jun / Wall Street Journal :
Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback
Tanaya Macheel / CNBC :
Uber reports Q3 revenue up 20% YoY to $11.2B, above est., gross bookings up 16% YoY to $41B, a $1.1B operating income, above est. and up from $394M in Q3 2023
Financial Times :
A profile of Pepijn Van der Stap, a Dutch cyber prodigy who stole thousands of companies' data while also doing legitimate cybersecurity and is now in prison
Pepijn Van der Stap stayed up through the night of Jan. 22, 2023, repairing one of his computers in silence save for the whirring of its fan.
STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast
Christina Kyriasoglou / Bloomberg :
Ubisoft reports Q2 net bookings down 36% YoY to €352.3M, vs. €368M est., and expects Q3 net bookings of €380M, down from €626M in Q3 2023, as its big games flop
Daniel Zuidijk / Bloomberg :
South Korean government data: semiconductor production fell 3% YoY in September 2024, the first decline in 14 months, indicating slowing demand for memory chips
Sam Kim / Bloomberg :
Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield
Bloomberg :
A study finds US judges use algorithmic risk assessments for criminal defendants selectively, instead of wholesale adopting or rejecting algorithms' advice
Lauren Feiner / The Verge :
Amazon's threat intel unit is making a name for itself after years in the shadows, including disrupting Anonymous Sudan and combating anti-US disinformation
Jamie Tarabay / Bloomberg : X: @oxleyio X: David Oxley / @oxleyio : Proud of the ongoing work being done by @Amazon Cyber Threat Intelligence to protect Amazon and its customers, behind the scenes or...
Analysis: Taiwan has become Asia's best performing major stock market in 2024 thanks to TSMC and others, which make almost all of the critical AI hardware
Bloomberg :
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.