Streaming media giant Netflix continues to post strong revenue growth, with a 15 percent increase to $9.83 billion in Q3, year-over-year. Net income hit $2.36 billion, a 41 percent increase over the same period last year, though the company is forecasting a Q4 dip, to $1.85 billion. Operating margin was up 30 percent (versus 22 percent during the same period last year). Ad-tier memberships increased by 35 percent for the quarter. Overall, global streaming paid subscriptions are up 14.4 percent in the third quarter, for a total of 282.72 million. Read more

Nvidia has debuted a new AI model, Llama-3.1-Nemotron-70B-Instruct, that it claims is outperforming competitors GPT-4o from OpenAI and Anthropic’s Claude 3.5 Sonnet. The impressive showing has prompted speculation of an AI shakeup and a significant shift in Nividia’s AI strategy, which has thus far been focused primarily on chipmaking. The model was quietly released on Hugging Face, and Nvidia says as of October 1 it ranked first on three top automatic alignment benchmarks, “edging out strong frontier models” and vaulting Nvidia to the forefront of the LLM field in areas like comprehension, context and generation. Read more

Apple is giving bands the opportunity to turn their concert repertoires into Apple Music playlists with the Set List feature, which lets fans savor the live concert experience. Powered by Bandsintown, Set List enables artists to turn the songs from a single show, residency or tour into a playlist that in addition to being shared on Apple Music can be displayed on music app Shazam (Artist and Concert pages). Once a Set List is published, artists can use the Promote feature from the web or the Artists app on iOS to share the playlist with fans on social media. Read more

A new LLM framework evaluates how well generative AI models are meeting the challenge of compliance with the legal parameters of the European Union’s AI Act. The free and open-source software is the product of a collaboration between ETH Zurich; Bulgaria’s Institute for Computer Science, Artificial Intelligence and Technology (INSAIT); and Swiss startup LatticeFlow AI. It is being billed as “the first evaluation framework of the EU AI Act for Generative AI models.” Already, it has found that some of the top AI foundation models are falling short of European regulatory goals in areas including cybersecurity resilience and discriminatory output. Read more

Anthropic, maker of the the popular Claude AI chatbot, has updated its Responsible Scaling Policy (RSP), designed and implemented to mitigate the risks of advanced AI systems. The policy was introduced last year and has since been improved, with new protocols added to ensure AI models are developed and deployed safely as they grow more powerful. This latest update offers “a more flexible and nuanced approach to assessing and managing AI risks while maintaining our commitment not to train or deploy models unless we have implemented adequate safeguards,” according to Anthropic. Read more