Roblox earnings, Microsoft inks cloud deal with Oracle due to AI demand

Roblox Q3 earnings: revenue: $713.2M (+38% y/y), net loss: $277.2M, average DAUs: 70.2M (+20% y/y), total hours engaged: 16B (+20% y/y); shares were up as much as 15% on higher than expected revenue and lower than expected losses - Link

Microsoft signed a multiyear deal with Oracle to rent the company’s Nvidia GPUs via Oracle's cloud to support the massive demand for Microsoft's AI services - Link

Nintendo is developing a live-action film based on its popular video game series, The Legend of Zelda, and plans to release one movie every year based on its IP library; Nintendo's 2023 Super Mario Bros movie generated $1.36B in global ticket sales - Link

Spotify premium subscribers in the US now have free access to 15 hours of content from 200K+ audiobooks per month; this service was initially launched in the UK and Australia on 10/3 - Link

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Jason takes on the news solo by breaking down Uber's Q3 earnings (2:23), reflecting on SBF's guilty verdict (13:39), and giving some takes on Biden's EO on AI (15:53). Then, Motive CEO John Habeck joins to break down building "Shopify for Car Dealerships" (21:39). - Link

Cast AI, a Miami-based startup building tools to help startups optimize and monitor cloud spend, raised a $35M Series B - Link

Rockstar Games will start promoting Grand Theft Auto VI next month by releasing the game's first trailer, coinciding with the company's 25th anniversary - Link

Bloomberg sources: ByteDance has offered to buy back employee stock at $160/share (~$270B valuation) to motivate staff by giving them liquidity - Link

Amazon cut the price of its annual One Medical subscription to $99 for Prime subscribers, down from $199 - Link

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