Good morning. For all of Elon Musk’s ventures—the cars, the rockets, the tunnels, the brain-machine interfaces, the satellite Internet services, the federal government departments with funny names—a private preschool might be the most curious.
Called “Ad Astra” and located in Texas, the Montessori school will emphasize “exploration” (on brand for Musk) and being a “respectful” member of the community (not so much), among other things, according to a new report by Fortune colleague Jessica Mathews.
As the father of a preschooler who once profiled the man for a venerable magazine, I was quite curious to see if Musk would have a fresh take on the concept. But so far, it feels rather familiar—first principles thinking be damned. —Andrew Nusca
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Nvidia absolutely crushes its Q3 earnings
Nvidia’s third quarter results came in better than expected as the AI chipmaker and stock market darling beat the soaring expectations placed at its feet.
Revenues for the quarter were $35.1 billion, up 94% from a year ago. Profits were $19.3 billion, an increase of 109% from the same time last year. At $0.78, earnings per share (GAAP) were up 111% compared to last year. The company beat analyst expectations on all fronts.
The prime concern for Nvidia, whose shares have been on a meteoric 200% rise since the start of the year, remains whether it can continue to grow at this pace. (Nvidia shares were down 2.5%, to $142, in after-hours trading.)
On a conference call, Nvidia CEO Jensen Huang said the company was delivering more Blackwell chips—its flagship AI product, announced in March—this quarter than expected. Analysts had been concerned about production delays. “Blackwell production is in full steam,” Huang said. —Paolo Confino
Meta debuts new Messenger features
Meta’s entrenched Messenger service got a glow up yesterday with an array of new features.
The update adds audio and video voicemail (à la Apple’s FaceTime), AI backgrounds for video calls, HD video calls, background noise suppression, and hands-free calling and messaging via Apple’s Siri voice assistant.
(Example: “Hey Siri, send a message to Boz on Messenger.”)
The new features keep the communication service competitive with competing alternatives—critical since it’s a…
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