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May 5, 2023, 5:40 AM
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| Apple: |
Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B — Services revenue reaches new all-time high iPhone revenue sets March quarter record — CUPERTINO, CALIFORNIA Apple today …
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LinkedIn:
Francisco Crane De Narvaez. Mastodon:
@daniel_rubino@newsie.social. Tweets:
@inafried, @levynews, @lexnfx, @dougboneparth, @sarthakgh, @stevemoser, @adamsinger, @neilcybart, @epro, @rsgnl, @thetranscript_, @patrickmcgee_, @patrickmcgee_, @patrickmcgee_, @neilcybart, @munster_gene, @neilcybart, @rjonesy, @lexnfx, @brandonbutch, @lexnfx, @lexnfx, @patrickmcgee_, @neilcybart, @mike_wuerthele, and @neilcybart
| Kif Leswing / CNBC: |
Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B — - Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street's soft expectations for sales and revenue …
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Mastodon:
@micromobility_dad … and @asymco@mastodon.social
Tweets:
@jkaonline, @rebeccajarvis, @tculpan, @vadimyuryev, and @gerberkawasaki
| Ina Fried / Axios: |
Tim Cook says Apple views AI as “huge” but there are “a number of issues that need to be sorted”, and doesn't expand on how it plans to use AI in its products — Tim Cook said Thursday that AI is “huge” but cautioned that there are “a number of issues that need to be sorted” … | Todd Spangler / Variety: |
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| Yifan Yu / Nikkei Asia: |
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@neilcybart, @patrickmcgee_, @neilcybart, and @stockmktnewz
| Bloomberg: |
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open source AI will outcompete Google and OpenAI — A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge …
Source:
SemiAnalysis. More:
Simon Willison's Weblog, Cointelegraph, CoinGape, The Information, WinBuzzer, and Tao of Mac
| Washington Post: |
Sources: Google, which published AI papers prolifically, in February moved to sharing only after the work had been productized, due to OpenAI's ChatGPT launch — For years the tech giant published scientific research that helped jump-start its competitors. But now it's lurched into defensive mode.
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The Overspill and Insider
LinkedIn:
Ivan Lee. Tweets:
@jfischoff, @simonw, @oablanchard, @mathemagic1an, @taliaringer, @kantrowitz, @hughlangley, and @nitashatiku
| Richard Lawler / The Verge: |
Google releases a brief teaser video showing off the Pixel Fold, confirming that it will be officially revealed on May 10 during the Google I/O 2023 event — / This is Google's first foldable phone. More details are coming at Google I/O on May 10th.
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LinkedIn:
Rachel Scott. Tweets:
@madebygoogle, @googlepixel_us, @sondesix, @markgurman, @captain2phones, @gartenberg, @eli___k, @ow, @katebevan, @maxwinebach, @gartenberg, @techcrunch, @mkbhd, @mgsiegler, @captain2phones, and @stshank
| David Pierce / The Verge: |
Mozilla expands its Mastodon instance to a private beta with strict moderation, saying the company is “not building another self-declared ‘neutral’ platform” — If you want to be a member of Mozilla.Social, Mozilla's new Mastodon instance, you're not allowed to harass other users.
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The Mozilla Blog, Silicon Republic, BetaNews, TechCrunch, MediaNama, and BGR
LinkedIn:
Josh Simmons and Steve Teixeira
| Bloomberg: |
Sources: Microsoft is helping finance AMD's AI chip expansion and working with the chipmaker on Microsoft's own processor for AI workloads, codenamed Athena — Microsoft Corp. is working with Advanced Micro Devices Inc. on the chipmaker's expansion into artificial intelligence processors …
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MarketWatch, TechCircle, gHacks Technology News, Reuters, CNBC, BigTechWire, The Information, Neowin, Thurrott, Investor's Business Daily, and WinBuzzer
LinkedIn:
Dina Bass. Tweets:
@newsynick, @dylan522p, @tomwarren, @dinabass, @swiftonsecurity, and @benbajarin
| Bill Peters / MarketWatch: |
Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 8%+ — 'The crypto industry continues to be volatile, as evidenced most recently by the disruptions in the banking sector and ongoing regulatory uncertainty,' executives say
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Coinbase, Crypto Daily, CoinDesk, CryptoGlobe, Cointelegraph, Watcher Guru, Fortune, Bloomberg, Decrypt, CryptoSlate, Reuters, and CoinDesk
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@newsgagarin and @coinbase
| Joseph Menn / Washington Post: |
A judge sentences ex-Uber CSO Joe Sullivan to three years of probation; he was convicted in October 2022 for not disclosing a 2016 data breach to regulators — The first corporate executive convicted of a crime related to a data breach by outsiders is sentenced to probation and fined
More:
Associated Press, Axios, BankInfoSecurity.com, SecurityWeek, Bloomberg, The Register, and Gizmodo
Tweets:
@marxculture, @mariadinzeo, and @oxleyio
| Erin Woo / The Information: |
Sources: OpenAI's losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years — OpenAI's losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google …
More:
The Wrap and San Francisco Business Journal
Tweets:
@maartengm, @mtrc, @amir, @baykenney, @alexjc, @kantrowitz, @brianmcc, @garymarcus, @ericjackson, and @hammer_mt
| Emily Bary / MarketWatch: |
Block reports Q1 revenue up 26% YoY to $4.99B, vs. $4.6B est., Square gross profit up 16% YoY to $770M, and Cash App gross profit up 49% YoY to $931M — Company raises full-year forecast on a profit metric — Block Inc. posted a big beat on an adjusted earnings metric for its most recent quarter as it …
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Block, Fortune, Watcher Guru, Cointelegraph, Investor's Business Daily, Bloomberg, Reuters, and The Block
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