Wall Street Journal:
Sources: Joe Benarroch, X’s head of business operations and one of Linda Yaccarino’s most trusted advisers, is leaving the company — X Corp. Chief Executive Linda Yaccarino’s right-hand man and head of business operations, Joe Benarroch, is leaving the company, according to people familiar with the matter.
How billionaire investors of the internet era are fighting to determine whether AI’s future will be one of concentrated safety, or of unfettered advancement (Alex Konrad/Forbes)
Alex Konrad / Forbes:
How billionaire investors of the internet era are fighting to determine whether AI’s future will be one of concentrated safety, or of unfettered advancement — Billionaire investors of the internet era are now locked in a war of words and influence to determine whether AI’s future …
AT&T says an outage is preventing many customers from completing calls between carriers, but 911 calls are going through; Verizon customers also report issues (Samantha Murphy Kelly/CNN)
Samantha Murphy Kelly / CNN:
AT&T says an outage is preventing many customers from completing calls between carriers, but 911 calls are going through; Verizon customers also report issues — A nationwide AT&T outage is once again leaving some customers in the dark on Tuesday. — In a statement sent to CNN …
CrowdStrike reports Q1 revenue up 33% YoY to $921M, vs. $905M est., forecasts Q2 revenue above estimates, lifts its FY 2025 outlook; CRWD jumps 6%+ after hours (Emily Bary/MarketWatch)
Emily Bary / MarketWatch:
CrowdStrike reports Q1 revenue up 33% YoY to $921M, vs. $905M est., forecasts Q2 revenue above estimates, lifts its FY 2025 outlook; CRWD jumps 6%+ after hours — Cybersecurity company boosts its forecast — Better-than-expected results from CrowdStrike Holdings Inc. initially met a shrug …
Cisco introduces new AI products and services, including its Nexus HyperFabric AI clusters in partnership with Nvidia, and announces a $1B AI investment fund (Mike Wheatley/SiliconANGLE)
Mike Wheatley / SiliconANGLE:
Cisco introduces new AI products and services, including its Nexus HyperFabric AI clusters in partnership with Nvidia, and announces a $1B AI investment fund — Cisco Systems Inc. is doubling down on its artificial intelligence push with a host of new AI-powered products and services, plus various other initiatives focused on AI.
Filing: FTX argues it should pay the IRS a $200M priority tax claim and a $685M subordinated claim; IRS had said FTX owed $44B in taxes then revised to $24B (MK Manoylov/The Block)
MK Manoylov / The Block:
Filing: FTX argues it should pay the IRS a $200M priority tax claim and a $685M subordinated claim; IRS had said FTX owed $44B in taxes then revised to $24B — – FTX argued in bankruptcy court that it owes significantly less than the IRS claimed. — FTX is not responsible …
HPE Q2: revenue up 3% YoY to $7.2B, vs. $6.82B est., Server revenue up 18% YoY to $3.87B, helped by availability of Nvidia AI chips; HPE jumps 10%+ after hours (Brody Ford/Bloomberg)
Brody Ford / Bloomberg:
HPE Q2: revenue up 3% YoY to $7.2B, vs. $6.82B est., Server revenue up 18% YoY to $3.87B, helped by availability of Nvidia AI chips; HPE jumps 10%+ after hours — – Company gives a revenue forecast that tops analysts’ estimates — Server business helped by availability of Nvidia AI chips
Elon Musk says Tesla will likely spend $3B to $4B on Nvidia hardware in 2024 and that half of its formerly noted $10B AI-related capex will be on internal spend (Zaheer Kachwala/Reuters)
Zaheer Kachwala / Reuters:
Elon Musk says Tesla will likely spend $3B to $4B on Nvidia hardware in 2024 and that half of its formerly noted $10B AI-related capex will be on internal spend — Tesla (TSLA.O) will likely spend between $3 billion and $4 billion on purchases of chip company Nvidia’s (NVDA.O) hardware this year …
Apollo Global agrees to buy 49% equity interest in a joint venture related to Intel’s Fab 34 under construction in Leixlip, Ireland (Sourasis Bose/Reuters)
Sourasis Bose / Reuters:
Apollo Global agrees to buy 49% equity interest in a joint venture related to Intel’s Fab 34 under construction in Leixlip, Ireland — Apollo Global Management’s (APO.N) affiliates will provide $11 billion to Intel (INTC.O) to buy 49% equity interest in a joint venture entity related …
Avail, a modular blockchain project building “rollup-centric infrastructure”, raised a $43M Series A, after raising a $27M seed in February 2024 (Yogita Khatri/The Block)
Yogita Khatri / The Block:
Avail, a modular blockchain project building “rollup-centric infrastructure”, raised a $43M Series A, after raising a $27M seed in February 2024 — – Avail has raised $43 million in a Series A round — bringing its total funding to $75 million.
