Spotify reports Q3 revenue up 12% YoY to €4.3B, above €4.23B est., subscribers up 12% YoY to 281M, MAUs up 11% YoY to 713M, and a €582M operating income (Ashley Carman/Bloomberg)

Bloomberg's Caroline Hyde and Ed Ludlow highlight the recent decline in tech shares amid rising concerns about the sustainability of the AI rally. They also analyze earnings reports from companies like Palantir, Uber, Spotify, and Grab. Additionally, the world's largest sovereign wealth fund has voted against Tesla's proposed pay package for CEO Elon Musk.

Super Micro's Q1 revenue fell 15% year-over-year to $5 billion, missing estimates of $6.09 billion. The company also forecasted a Q2 profit below expectations, leading to a more than 9% drop in its stock after hours.

AMD has reported a 36% year-over-year increase in Q3 revenue, reaching $9.24 billion, surpassing estimates of $8.7 billion. The data center revenue also saw a rise of 22%, totaling $4.3 billion. However, the company has forecasted Q4 revenue to be below the highest projections, which has left some investors cautious.

IBM has announced plans to reduce its workforce by a low single-digit percentage in the fourth quarter, which will impact thousands of employees. As of the end of 2024, the company employed around 270,000 workers, highlighting the significant scale of this decision as it shifts focus towards software growth.

Amazon has issued a cease-and-desist order to Perplexity, demanding that it stop allowing Comet to make purchases on behalf of users. The tech giant accuses Perplexity of engaging in computer fraud, raising concerns about the implications of AI in online shopping.

Paris prosecutors have launched an investigation into TikTok's algorithm and its compliance with regulations regarding the monitoring and reporting of suicide-related content. This inquiry follows a recent French government report highlighting concerns about the platform's ability to manage harmful content effectively. The outcome of this investigation could have significant implications for TikTok's operations in France and potentially influence how social media platforms handle sensitive issues globally.

Spotify has reached an impressive milestone with nearly 500,000 video podcasts available on its platform, and over 390 million users have streamed a video podcast, marking a 54% increase year-over-year. This growth highlights Spotify's commitment to expanding its podcast offerings and engaging a larger audience, making it a significant player in the digital media landscape.

Spotify has reached a significant milestone with half a million video podcasts, captivating nearly 400 million users. This surge in video content consumption, which has more than doubled year-over-year, highlights the growing popularity of video podcasts on the platform. This trend not only showcases Spotify's commitment to diversifying its content but also reflects a broader shift in how audiences engage with media, making it an exciting development for both creators and listeners.

After a challenging start at the Kiroween Hackathon, I pivoted from my ambitious ghost tape recorder project to create Spec-Tape, a web app that taps into 90s nostalgia and utilizes AI for textual analysis. This experience taught me valuable lessons about adaptability and focusing on what truly resonates.

The US has imposed sanctions on eight individuals and two companies linked to money laundering activities associated with cybercrime and IT worker schemes for the North Korean government. This move aims to combat illicit financial activities and strengthen international efforts against cyber threats.

The concept of Great Flattening is transforming the role of middle managers in the AI era, allowing companies to streamline their structures and empower frontline teams. While this shift enhances decision-making and autonomy, it also presents new challenges in coordination and development. Middle managers are now pivotal in balancing strategy and execution, leveraging AI tools to focus on coaching and problem-solving.

Congratulations on connecting your frontend to your headless CMS! Now, the real challenge begins: mapping the CMS data into a format your frontend can understand. This crucial step distinguishes experienced developers from beginners, ensuring a smooth integration.

Black Friday is approaching, and it's the perfect time to start your holiday shopping with fantastic early deals on gaming desktop PCs, laptops, SSDs, and more.

Amazon has issued legal threats to Perplexity, expressing its discontent over the use of agentic browsing on its platform. The e-commerce giant insists that any agents operating on its site must clearly identify themselves, leaving Perplexity unhappy with the situation.