Netflix on Thursday said it added more subscribers than expected, thanks to a 35% growth in membership to its ad-supported tier quarter-over-quarter between July and September.
Why it matters: For now, most of Netflix's growth is still driven by ad-free memberships. But the company expects ad-supported memberships to begin driving most of its growth by 2026.
Tesla's plan to put a can-do-anything-for-you humanoid on the market still looks a long way off.
Why it matters: CEO Elon Musk said last week at the company's "We, Robot" event that the Tesla Optimus humanoid "will be the biggest product ever of any kind."
Zoom in: The AI-economy bellwether, which fields orders for chip production from the world's tech giants, reported a 36% jump in third-quarter revenue compared with a year earlier, to $23.5 billion. It also hiked its outlook.
"The demand is real and I believe it's just the beginning," TSMC CEO C.C. Wei told investors about AI. "As one of my key customers said, the demand right now is insane."
Ferrari today debuted its first "supercar"in about a decade: the $3.9 million Ferrari F80.
State of play: The two-seat F80 is the most powerful road car ever to come out of the Ferrari factory, the company said, delivering 1,200 horsepower from a V6 hybrid powertrain.
It takes its place alongside past Ferrari gems like the 1984 GTO.
By the numbers: The Italian ultra-luxury auto brand will make only 799 units of the F80, with production starting in 2025.
Sadly, potential buyers have already called dibs on every one of them, per Bloomberg.
💭 Nathan's thought bubble: You could have one Ferrari F80 ... or 219 Nissan Versas for the same price.
Republican nominee Bernie Moreno is leading Sen. Sherrod Brown (D-Ohio) by 3 percentage points in his campaign's latest internal polling, Axios has learned.
Why it matters: Moreno has been closing a significant polling gap since the summer. A win in Ohio would likely eliminate Democrats' chances of keeping the Senate.
Federal authorities have arrested a man in Athens, Alabama who allegedly helped hack the Securities and Exchange Commission's account on X, formerly Twitter, earlier this year.
Why it matters: The arrest is the first indication of who was actually behind the incident, which sent shockwaves through the financial and crypto world.
Google will block election ads across all of its platforms after the last polls close on Nov. 5, according to a memo sent to its advertising partners Thursday and obtained by Axios.
Why it matters: The policy, first introduced during the 2020 election, is meant to prevent misinformation about voting, including candidates prematurely claiming victory before a race is called.
Worldcoin, the identity and cryptocurrency venture co-founded by Sam Altman, is rebranding itself as World (and World Network) to reflect what it says is a broader mission.
Why it matters: World is pitching its technologies as key to helping distinguish bots from humans in an increasingly AI-dominated society.
Harvard University on Thursday reported that it received $525 million in current-use donations during its last fiscal year, the second-most in the school's 388-year history.
Why it matters: Harvard is America's oldest college and the richest, with an endowment valued at $53.2 billion through the end of June.
Amazon Prime Video on Thursday announced its first-ever foray into live news coverage with Election Night Live, a one-night special delivering election results and analysis on Nov. 5.
The big picture: This is a return to news video investments from Big Tech. Tech firms have invested billions in live sports rights to bolster their streaming services, but live news has proved a more elusive customer acquisition tool.
Communicators have a love-hate relationship with press releases — they are aware of how ineffective press releases are but still keep writing and sending them.
Why it matters: As the media landscape evolves, so must these basic communications tactics.
Retail sales rose last month by 0.4% as spending at clothing shops, restaurants and grocery stores jumped, the Commerce Department said on Thursday.
Why it matters: Consumer spending is the bedrock of the U.S. economy. The data suggests that foundation is solid, a good indicator the nation's economic activity is holding up.
Orchestra has acquired Small Girls PR to bring more earned media expertise to the growing public relations firm.
Why it matters: The deal supports brands' demands for communications companies to be full-service, driving agencies to acquire smaller firms, form collectives and consolidate.
