Techmeme
January 28, 2022, 2:15 AM

Top News

Apple:
Apple reports Q1 revenue of $123.9B, up 11% YoY, net income of $34.6B, up from $28.8B YoY, Services sales of $19.5B, up from $15.8B YoY, iPhone sales of $71.6B  —  Revenue up 11 percent to new all-time record  —  iPhone, Mac, Wearables, and Services revenue reach new all-time highs
Kif Leswing / CNBC:
Apple reports Q1 Mac revenue of $10.85B, up 25% YoY, iPad revenue of $7.25B, down 14% YoY, and other products revenue, including Watch, of $14.70B, up 13% YoY  —  - Apple reported its largest single quarter in terms of revenue ever, with sales growing over 11% despite supply challenges and the lingering effects of the pandemic.
Juli Clover / MacRumors:
iOS 15.4 beta adds Face ID use with a mask for iPhone 12 and newer, without needing Apple Watch authentication, by recognizing “unique features around the eye”  —  The iOS 15.4 beta that was introduced today added a new feature designed to allow Face ID to be used with a mask and without an Apple Watch for authentication.
Juli Clover / MacRumors:
iPadOS 15.4 and macOS Monterey 12.3 betas add the long-delayed Universal Control, which lets users control nearby Macs and iPads with a single mouse or keyboard  —  The iPadOS 15.4 and macOS Monterey 12.3 betas that Apple released today introduce support for Universal Control …
Sarah Perez / TechCrunch:
FTC: US consumers lost $770M to social media scams in 2021, about 25% of all fraud losses for the year and up 18x from the $42M in losses reported in 2017  —  A growing number of U.S. consumers are getting scammed on social media according to a new report by the Federal Trade Commission …
Elizabeth Dwoskin / Washington Post:
Daren Fonda / Barron's Online:
Source: White House is readying an executive action to task federal agencies with regulating Bitcoin and other cryptocurrencies as a matter of national security  —  The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets …
Derrek Lee / Android Central:
Meta rebrands Oculus Quest as Meta Quest, leading to criticism on social media; the rebrand was originally announced in October  —  “Meta Quest” is just so fetch.  —  What you need to know  — Meta changes the social media accounts of its VR brand to Meta Quest.
Will Douglas Heaven / MIT Technology Review:
OpenAI says InstructGPT, its new GPT-3 version, is better at following instructions, producing less offensive language, less misinformation, and fewer mistakes  —  OpenAI has trained its flagship language model to follow instructions, making it spit out less unwanted text—but there's still a way to go.
More: OpenAI, Axios, and EnterpriseAI
Tweets: @gdb, @eliegnews, @woj_zaremba, @sama, and @openaiThanks:@eliegnews
Tom Warren / The Verge:
The UK's CMA says Microsoft has agreed to changes for auto-renewing Xbox subscriptions, including pro-rata refunds, canceling inactive memberships, and more  —  Inactive Xbox subscriptions won't continue to be billed  —  Microsoft is making its Xbox subscriptions a little more flexible after a UK regulator raised concerns.
P R Sanjai / Bloomberg:
Google to invest $700M in Bharti Airtel, India's second largest telecom operator, for a 1.28% stake; an additional $300M will go to multiyear agreements  —  Google will invest as much as $1 billion in India's second-largest mobile phone operator, as firms race to offer inexpensive data …
Richard Lawler / The Verge:
Meta says Messenger's e2ee chats and calls are now available to all users, and adds screenshot notifications, media saving, GIFs, and more to encrypted chats  —  You can flick a switch and turn on privacy-protecting encryption without losing features  —  Messenger added end-to-end encrypted …
Makena Kelly / The Verge:
The US FCC approves “nutrition labels” forcing ISPs to show prices, speed, and more, plus network management practices like throttling, starting on November 15  —  It's part of the Biden administration's plan to boost market competition  —  Understanding your broadband speeds …
Maggie Fitzgerald / CNBC:
Robinhood Q4: revenue of $363M, up 14% YoY, 2021 revenue of $1.82B, up 89% YoY, net loss of $423M, MAUs up 48% YoY to 17.3M; stock down 10%+ on weak Q1 guidance  —  - Robinhood anticipates first-quarter revenue of less than $340 million, down 35% compared with 2021.
Christine Hall / TechCrunch:
Ascend, which automates insurance payments and offers a buy now, pay later service, raises a $30M Series A led by Index Ventures and $250M in debt  —  Four months after a seed round, Ascend is back with its first big boost to enable the company to expand its “buy now, pay later” …
More: FinSMEs
Mary Ann Azevedo / TechCrunch:
Vesta, which provides mortgage loan origination software to automate and simplify the lending process, raises a $30M Series A led by a16z  —  If you've ever taken out a mortgage, you know how painful and tedious the process can be.  —  In an effort to make it simpler, faster and cheaper …
Florian Mueller / FOSS Patents:
Microsoft and 35 US states led by Utah support Epic Games against Apple through amicus curiae briefs filed with the Ninth Circuit appeals court  —  [Update] The Biden Administration is also supporting Epic.  [/Update]  —  Apple just reported record numbers.
The Markup:
Life360 will stop selling users' precise location data and sell aggregate data to two clients down from a dozen, after a report found it's a broker top source  —  The announcement comes after The Markup identified the family tracking app as one of the largest sources of raw data for the location data industry

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