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Sun Oct 19
Filing: Meta plans to raise money through bond offerings worth up to $30B; the company has said its capex next year would be "notably larger" than in 2025 (Arsheeya Bajwa/Reuters)
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Apple expects Q1 revenue to grow 10% to 12% YoY, with iPhone sales up by double digits, and reports Q4 China revenue down 4% YoY to $14.5B, vs. $16.24B est. (Stephen Nellis/Reuters)
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Filings: business services giant Conduent, which was spun off from Xerox in 2017, confirms that a 2024 data breach has impacted over 10.5M people (Bill Toulas/BleepingComputer)
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Coinbase reports Q3 revenue up 55% YoY to $1.9B, vs. $1.8B est., net income up 473% to $433M, and trading volume up 59% to $295B (Olga Kharif/Bloomberg)
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SEC filing: Meta says it is no longer facing a CFPB investigation over advertising for financial services on its platforms (Evan Weinberger/Bloomberg Law)
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Apple reports Q4 revenue from Services, which includes the App Store, Apple Pay, Apple TV, Apple Music, and iCloud, up 15% YoY to $28.75B, vs. $28.17B est. (Loree Seitz/The Wrap)
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Roku beats expectations with Q3 net income of $24.8M, vs. a net loss of $35.8M a year ago, and revenue of $1.21B, up 14% YoY; total streaming hours rose 12% YoY (Todd Spangler/Variety)
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Sources: Intel is in early-stage talks to acquire AI chip startup SambaNova, with a deal likely valuing SambaNova below its $5B valuation in 2021 (Bloomberg)
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Amazon reports Q3 ad revenue up 24% YoY to $17.7B, vs. $17.3B est., and subscription services revenue up 11% YoY to $12.6B (Lucas Manfredi/The Wrap)
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Apple reports Q4 revenue up 8% YoY to $102.47B, vs. $102.24B est., net income up 86% to $27.5B, and FY 2025 revenue up 6% to $416.16B (Kif Leswing/CNBC)
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Apple Q4: iPhone up 6% YoY to $49.03B, vs. $50.19B est., Mac up 13% to $8.73B, iPad flat at $6.95B, and Wearables, Home, and Accessories flat at $9.01B (Apple)
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Netflix announces a 10-for-1 stock split, after its shares boomed over the last three years to above $1,000 a share (John Melloy/CNBC)
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Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+ after hours (Jonathan Vanian/CNBC)
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Amazon raises its forecast for capital expenditures to $125B in 2025, up from its earlier estimate of $118B, and says that number will likely increase in 2026 (Annie Palmer/CNBC)
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Amazon reports Q3 revenue up 13% YoY to $180.2B, a $21.2B net income vs. $15.3B in Q3 2024, and operating income flat at $17.4B; AMZN jumps 13%+ after hours (Amazon)
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Sources: Nvidia plans to invest $500M to $1B in AI coding startup Poolside, which is in discussions to raise $2B at a $12B valuation (Bloomberg)
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Cognition releases SWE-1.5, a new coding model in Windsurf, saying it partnered with Cerebras to serve SWE-1.5 at speeds up to 13x faster than Claude Sonnet 4.5 (Cognition)
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The ICC plans to switch from Microsoft Office to Open Desk, a European open source alternative, amid concerns about public bodies' reliance on US tech companies (Maximilian Henning/Euractiv)
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Canva launches a foundational design model that generates editable layered designs, expands Canva AI, makes Affinity free for all users, and more (Ivan Mehta/TechCrunch)
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OpenAI launches Aardvark, a GPT-5-powered autonomous cybersecurity research agent that can identify and help patch vulnerabilities, in private beta (Sabrina Ortiz/ZDNET)
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Sources: Meta has received record orders of about $125B for a corporate bond sale expected to be at least $25B in size (Bloomberg)
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Applied Compute, which wants to create custom AI agents trained on latent company knowledge, raised $80M from Benchmark, Sequoia, Elad Gil, and others (@appliedcompute)
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Nothing's new Lock Glimpse feature on the Phone (3a) Lite shows a rotating selection of wallpapers that link to clickbait articles from a company called Vilykke (Ben Schoon/9to5Google)
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Extropic, which says its chips using probabilistic bits can be 10,000x more energy efficient than current AI chips, shares its first chip with some AI labs (Will Knight/Wired)
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Palantir sues two ex-employees now working at Percepta, an "AI transformation company" launched by General Catalyst, and alleges deception and stolen documents (Dan Primack/Axios)
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Core Scientific shareholders vote to reject a $9B takeover bid by CoreWeave that proxy advisers said undervalued the data center company (Dina Bass/Bloomberg)
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Milan-based Bending Spoons, which buys and seeks to revitalize tech brands like AOL, raised $710M led by T. Rowe Price at an $11B pre-money valuation (Sara Fischer/Axios)
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Google partners with Reliance to offer free AI Pro access to Jio 5G users in India for 18 months; Perplexity has a similar deal with Bharti Airtel (Jagmeet Singh/TechCrunch)
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Q&A with Palantir CTO Shyam Sankar on surveillance, AI, the future of war, data, privacy, the US military, ImmigrationOS, the DHS, ICE, the UK's IDs, and more (New York Times)
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UMG and Stability AI announce a partnership to develop music creation tools powered by "responsibly" trained AI (Marc Schneider/Billboard)
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WhatsApp launches passkey-encrypted backups for iOS and Android, letting users encrypt their stored message history using their face, fingerprint, or a code (Jess Weatherbed/The Verge)
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OpenAI's Sora app adds new features, including "character cameos" to create AI deepfakes of pets, illustrations, and more, clip stitching, and leaderboards (Jess Weatherbed/The Verge)
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Alphabet passed $100B in quarterly revenue for the first time, in Q3; Sundar Pichai says "AI Overviews drive meaningful query growth" and AI Mode has 75M DAUs (Kendra Barnett/Adweek)
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Roblox reports Q3 revenue up 48% YoY to $1.36B, DAUs up 70% YoY to 151.5M, above 132.3M est., bookings up 70% YoY to $1.9B, above $1.7B est.; RBLX drops 10%+ (Cecilia D'Anastasio/Bloomberg)
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After Trump and Xi's meeting, China says it will suspend its rare earth export controls issued on October 9 for one year, but says nothing about earlier limits (Keith Bradsher/New York Times)
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Sources: the US Commerce Department proposed banning TP-Link Systems' networking devices due to TP-Link's China ties, gaining support from 6+ federal agencies (Joseph Menn/Washington Post)
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Swedish startup Legora, whose AI tools help legal teams research and more, raised a $150M Series C at a $1.8B valuation, up from $675M in May after raising $80M (Supantha Mukherjee/Reuters)
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China's Commerce Ministry says it will work with the US to resolve issues related to TikTok, stopping short of saying it agreed to a deal touted by Trump (Mark Anderson/Bloomberg)
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Google, Meta, and Microsoft collectively spent nearly $80B on AI infrastructure in Q3, dividing the market on whether they can translate huge capex into income (Financial Times)
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Netflix, Anthropic, and others are paying researchers up to $25K to find and report flaws; HackerOne paid a record $81M in rewards in the past year, up 13% YoY (Emily Forgash/Bloomberg)
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Scale AI and CAIS' Remote Labor Index benchmark, which tests AI agents on freelance tasks, finds the best AI could perform just <3% of the work, earning $1,810 (Will Knight/Wired)
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President Trump and Xi Jinping agree a yearlong truce that rolls back many contentious tariffs and retaliatory measures; the current deal expired on November 10 (New York Times)
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Elon Musk's lawyer pledges to fight OpenAI's for-profit restructuring and says California's and Delaware's AGs "cannot sanitize OpenAI's unlawful conduct" (Bloomberg)
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President Trump says he and Xi Jinping discussed Nvidia and other chipmakers' access to China, and that they didn't discuss approving sales of Blackwell chips (Mackenzie Hawkins/Bloomberg)
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TrendForce estimates DRAM in 2026 will bring in over 4x as much revenue as the 2023 trough, reaching a record ~$231B, driven by AI industry demand for HBM chips (Jiyoung Sohn/Wall Street Journal)
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Walmart's PhonePe raised $600M from General Atlantic at a $14.5B valuation, as the Indian digital payments and financial services company prepares for an IPO (The Economic Times)
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Corporate travel and expense management software maker Navan and its shareholders raised $923.1M in a US IPO priced at $25/share, giving it a $6.2B market cap (Subrat Patnaik/Bloomberg)
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LatAm e-commerce giant MercadoLibre reports Q3 revenue up 39% YoY to $7.4B, vs. $7.2B est., a $421M net income, vs. $489M est., and 77M unique buyers, up 26% (Maria Clara Cobo/Bloomberg)
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Q&A with Logitech CEO Hanneke Faber on software-enabled hardware, prioritizing design, launching about 40 new products each year, AI, tariffs, and more (Harry McCracken/Fast Company)
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GitHub says TypeScript passed Python and JavaScript in August to become the most used language among its 180M+ developers; India added 5.2M developers in 2025 (The GitHub Blog)
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