Gm. I changed my X profile picture. Drippy or nah?

— Stephen Flanders

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🏠 TECH

Big Tech Checks In (Again)

If this article seems familiar, that’s because I wrote something similar last week for Microsoft, Snap, and Alphabet.

But today’s a new day with new information. Specifically, earning reports from tech giants Apple, Meta, and Coinbase.

So, here’s big tech checks in, the remix.

Apple

Apple’s earnings were a mixed bag:

• Revenue of $89.5B vs $89.28B expected.

• EPS of $1.46 vs $1.39 expected.

• iPhone revenue of $43.81B vs $43.81B expected.

• Mac revenue of $7.61B vs $8.63B expected.

• iPad revenue of $6.44B vs $6.07B expected.

When you combine the facts that sales dropped for the 4th quarter in a row, the Mac just isn’t selling like it used to, and Apple forecasted a weak next quarter, then you end up with shares dropping over 3% in extended trading, even with the revenue beat.

Meta

While the boys in Cupertino ride the struggle bus a bit, the fightin’ Zucks are digging themselves out of the grave:

• Revenue of $34.15B vs $33.56B expected.

• EPS of $4.39B vs $3.63B expected.

• DAU, MAU, and ARPU (Average Revenue Per User) all meeting or exceeding expectations.

With revenue increasing 23%, it’s Meta’s fastest growth quarter since 2021. However, it’s not all sunshine. Reality Labs, Meta’s VR department, lost $3.74B, bringing its losses to $25B since the start of last year, and the forecast for next quarter is a bit weak due to anticipated ad softness in the Middle East.

Coinbase

The US’s flagship crypto exchange logged a decent quarter:

• Revenue of $674.1M vs $650.9M expected.

• EPS of -$0.01 vs -$0.55 expected.

• Trading volume of $76B vs $80.1B expected.

• Transaction revenue of $288.6M, down 12% from the $327M the previous quarter.

Basically, Coinbase is absolutely raking it in on stablecoin interest earnings, which have enabled it to beat revenue expectations even with trading volume declining. Whenever that trading volume goes back up…sheeeesh.

The Big Picture: We still have a long way to go to reach 2021 highs, but things are moving in the right direction.

Learn to customize your LLM app with RAG + Llama2

OctoAI is the fastest place to run, tune, and scale generative AI, and their free workshop on November 9th will help level up your generic GPT wrapper to a context-aware product experience.

In this live interactive session, you’ll get step-by-step instructions on:

• How to leverage the RAG framework to apply custom data to your app

• How to clone an OctoAI Llama2 model template to create your own endpoint

• How to deploy and test your Llama2 endpoint in a sample Q&A application

Everyone will get free GPU hours to follow along with OctoAI’s Llama2 development endpoints. Register here.

🤝 THE LATEST IN…

TECH

• The M3 MacBook is (unsurprisingly) faster.

• Starlink is now breakeven.

• Apple just won’t give up its healthcare dreams.

• Here’s a rare look at Google’s most lucrative search queries.

AI

• Small models keep getting better.

• Need a new job? Don’t fear, LinkedIn now has AI tools.

• A new AWS service lets you rent Nvidia GPUs for quick AI projects.

• Instagram is working on a customizable AI friend, because that’s what we all want out of Instagram.

SCIENCE

• The commercial spaceplane might actually become a reality.

• A groundbreaking study reversed aging in rats, because everyone wants more rats.

• Lab-on-a-chip accurately identifies viruses within 3 minutes.

• This blood test can detect cancer before symptoms appear.

CRYPTO

• Futures on Coinbase are now live.

• SafeMoon’s CEO and CTO were arrested by the DOJ for fraud.

• PayPal received an SEC subpoena over its stablecoin.

• SBF’s going to jail.

🏃‍♀️ QUICKIES

Raise: Sky Labs has raised $15M in Series C funding to advance its ring-type cuffless blood pressure monitor.

Stat: $1.4B: How much Amazon made off “Project Nessie”, its price-raising algorithm. For that much profit, I might have done the same.

Rabbit hole: The People Who Ruined The Internet (The Verge)

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🎁 FINAL JEOPARDY!

This Final Jeopardy! question stumped every contestant. Can you get it right?

Category: Name’s The Same

Clue: This first name is shared by a character introduced in 1941 and a member of royalty who is sixth in line to the British throne.

💉 DOPAMINE HIT

Lord bring me back as a boomer.

@camerondonnelly78

#fyp #foryou #dadsoftiktok #viral #boomers #makemoney #richboomers #funny

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FINAL JEOPARDY! ANSWER

Archie.