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Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss (Ashley Carman/Bloomberg) 24-10-2023

Ashley Carman / Bloomberg: Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss  —  Spotify Technology SA, the music-streaming giant, reported third-quarter sales that exceeded analysts’ projections … Lees verder op Tech Meme

Sources: many people inside Apple do not believe its own AI/ML team can deliver on generative AI, and worry that the company will only use its own team's output (John Gruber/Daring Fireball) 24-10-2023

John Gruber / Daring Fireball: Sources: many people inside Apple do not believe its own AI/ML team can deliver on generative AI, and worry that the company will only use its own team’s output  —  Speaking of Mark Gurman, he has an interesting bit about Apple’s AI efforts in his latest Power On column: Lees verder op Tech Meme

A Twitter user since 2007 reflects on leaving due to Elon Musk swapping stasis at the company for chaos, his constant bullshitting, and spreading toxic content (Benedict Evans) 24-10-2023

Benedict Evans: A Twitter user since 2007 reflects on leaving due to Elon Musk swapping stasis at the company for chaos, his constant bullshitting, and spreading toxic content  —  Twitter always used to look a lot like Craigslist.  It stumbled into something that a lot of people found very useful … Lees verder op Tech Meme

WIPO: in 2022, Chinese entities applied for 29,853 AI patents, up from 29,000 in 2021, almost 80% more than the 16,800 US filings, down from 17,800 in 2021 (Bloomberg) 24-10-2023

Bloomberg: WIPO: in 2022, Chinese entities applied for 29,853 AI patents, up from 29,000 in 2021, almost 80% more than the 16,800 US filings, down from 17,800 in 2021  —  – Patent filings from China almost doubles the sum of US in 2022  — Top players like Baidu, Alibaba race to monetize AI products Lees verder op Tech Meme

Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss (Ashley Carman/Bloomberg) 24-10-2023

Ashley Carman / Bloomberg: Spotify reports Q3 revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, Premium users up 16% YoY to 226M, and a €32M profit, beating estimates of a €44.6M loss  —  Spotify Technology SA, the music-streaming giant, reported third-quarter sales that exceeded analysts’ projections … Lees verder op Tech Meme

Automattic plans to acquire Texts, a $15 per month messaging app that works with WhatsApp, Instagram, LinkedIn, Signal, iMessage, and more, for $50M (David Pierce/The Verge) 24-10-2023

David Pierce / The Verge: Automattic plans to acquire Texts, a $15 per month messaging app that works with WhatsApp, Instagram, LinkedIn, Signal, iMessage, and more, for $50M  —  Automattic, the company that runs WordPress.com, Tumblr, Pocket Casts, and a number of other popular web properties, just made a different kind … Lees verder op Tech Meme