Harshita Mary Varghese / Reuters:
GlobalFoundries reports Q3 revenue down 6% YoY to $1.7B and expects Q4 revenue of $1.8B-$1.85B, vs. $1.8B est., driven by smartphone chip demand; GFS jumps 11%+ — World’s third-largest contract chipmaker, GlobalFoundries (GFS.O), forecast fourth-quarter revenue above Wall Street estimates on Tuesday …
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous” (Manish Singh/TechCrunch)
Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous” — Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform …
SemiAnalysis: in a first, AMD overtook Intel in data center revenue in Q3 2024; AMD hit $3.55B, above Intel’s $3.3B revenue, which is down from $6B+ in Q1 2022 (Anton Shilov/Tom’s Hardware)
Anton Shilov / Tom’s Hardware:
SemiAnalysis: in a first, AMD overtook Intel in data center revenue in Q3 2024; AMD hit $3.55B, above Intel’s $3.3B revenue, which is down from $6B+ in Q1 2022 — But both fall far behind sales of Nvidia’s AI GPUs. — For well more than two decades, Intel has been the undisputed leader in the market for datacenter CPUs.
French judicial source: investigators searched Netflix’s offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering (Reuters)
Reuters:
French judicial source: investigators searched Netflix’s offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering — Investigators searched the offices of U.S. streaming giant Netflix (NFLX.O) in France and the Netherlands as part …
Polymarket confirms paying US-based influencers, including large Instagram meme accounts, to promote election betting despite being banned in the US (Bloomberg)
Bloomberg:
Polymarket confirms paying US-based influencers, including large Instagram meme accounts, to promote election betting despite being banned in the US — – Content creators contacted by Polymarket’s growth director — US audience targeted with ads despite ban on trade in US
TSMC CFO Wendell Huang says the chipmaker now expects to pay more for power in Taiwan than anywhere else; TSMC’s electricity prices rose 25% in April 2024 (Kathrin Hille/Financial Times)
Kathrin Hille / Financial Times:
TSMC CFO Wendell Huang says the chipmaker now expects to pay more for power in Taiwan than anywhere else; TSMC’s electricity prices rose 25% in April 2024 — Industry loses competitiveness as government struggles to afford cheap-power incentives — Taiwan’s laboured energy transition …
The UK CMA says it would approve the £15B Vodafone-Three merger if they commit to investing £11B to upgrade the UK’s network, ahead of a December 7 decision (Karin Matussek/Bloomberg)
Karin Matussek / Bloomberg:
The UK CMA says it would approve the £15B Vodafone-Three merger if they commit to investing £11B to upgrade the UK’s network, ahead of a December 7 decision — – CMA calls for short term protections to prevent price hikes — The £15 billion ($19.5 billion) …
CCDH: before the election, Elon Musk made 87 X posts that were debunked by fact-checkers, hitting 2B+ views; his political posts had 17.1B views since July 2024 (Marshall Cohen/CNN)
Marshall Cohen / CNN:
CCDH: before the election, Elon Musk made 87 X posts that were debunked by fact-checkers, hitting 2B+ views; his political posts had 17.1B views since July 2024 — In the run up to the high-stakes 2024 presidential election, Elon Musk has posted a blizzard of false and misleading claims …
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded (Ben Jiang/South China Morning Post)
Ben Jiang / South China Morning Post:
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded — Tech giants such as Alibaba and ByteDance along with start-ups spent US$70.2 million in the third quarter to promote generative AI products, report finds
Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous (Arjun Kharpal/CNBC)
Arjun Kharpal / CNBC:
Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous — Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.
