Ian King / Bloomberg:
Intel announces another Foundry leadership change, naming Marvell executive Kevin O’Buckley as SVP, replacing longtime executive Stu Pann, in the role a year — O’Buckley was named senior vice president and general manager of foundry services, the unit tasked with manufacturing chips for outside clients.
Sony reports Q4 revenue up 14% YoY to ~$22.4B, above ~$18.5B est., operating profit up 57% YoY to ~$1.5B, and sold 20.8M PS5 units in FY 2023, below guidance (Ryan Browne/CNBC)
Ryan Browne / CNBC:
Sony reports Q4 revenue up 14% YoY to ~$22.4B, above ~$18.5B est., operating profit up 57% YoY to ~$1.5B, and sold 20.8M PS5 units in FY 2023, below guidance — Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, dragged down by a decline in its financial services division.
Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg:
Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization — Tencent Holdings Ltd.’s revenue beat estimates after its WeChat super-app propelled growth in advertising and gaming despite a faltering Chinese economic recovery.
German companies are increasingly experimenting with AI tools to become more productive and efficient, but some say the gains AI promises could be years away (Nina Kienle/Wall Street Journal)
Nina Kienle / Wall Street Journal:
German companies are increasingly experimenting with AI tools to become more productive and efficient, but some say the gains AI promises could be years away — From automating processes to optimizing supply chains, German companies are resorting to AI tools for a growing range of functions
Foxconn reports Q1 revenue down 9% YoY to ~$40.9B, net profit up 72% YoY to ~$679M, and consumer electronics was 48% of its revenue while cloud was 28% (CNBC)
CNBC:
Foxconn reports Q1 revenue down 9% YoY to ~$40.9B, net profit up 72% YoY to ~$679M, and consumer electronics was 48% of its revenue while cloud was 28% — Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base …
Video game publishers are facing a wave of lawsuits that accuse the industry of profiting from intentionally promoting mass addiction and causing health issues (Rachel Graf/Bloomberg)
Rachel Graf / Bloomberg:
Video game publishers are facing a wave of lawsuits that accuse the industry of profiting from intentionally promoting mass addiction and causing health issues — Attorneys for parents say publishers are addicting users and causing health issues like ADHD and depression.
AI startups in the Bay Area raised $27B+ in 2023, more than 50% of global AI funding, up from $14B in 2022 when the region accounted for 29% of all AI funding (Gené Teare/Crunchbase News)
Gené Teare / Crunchbase News:
AI startups in the Bay Area raised $27B+ in 2023, more than 50% of global AI funding, up from $14B in 2022 when the region accounted for 29% of all AI funding — There’s been much talk of a resurgent San Francisco with the new technology wave of artificial intelligence washing over the software world.
Uber announces plans to acquire Delivery Hero’s Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025 (Sarah Zheng/Bloomberg)
Sarah Zheng / Bloomberg:
Uber announces plans to acquire Delivery Hero’s Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025 — The all-cash deal, subject to regulatory approval, is expected to close in the first half of 2025, the two companies said in a joint statement.
Mexico-based BNPL startup Aplazo raised a $45M Series B led by QED Investors, bringing its total raised to $100M+ in equity and $75M in committed debt (Anna Heim/TechCrunch)
Anna Heim / TechCrunch:
Mexico-based BNPL startup Aplazo raised a $45M Series B led by QED Investors, bringing its total raised to $100M+ in equity and $75M in committed debt — Buy now, pay later services have become so ubiquitous that BNPL may as well just be another way to say “debt.”
Pepper, which provides tools for order management, invoicing, and more for independent food distributors, raised a $30M Series B led by Iconiq Growth (Christine Hall/TechCrunch)
Christine Hall / TechCrunch:
Pepper, which provides tools for order management, invoicing, and more for independent food distributors, raised a $30M Series B led by Iconiq Growth — Pepper, the e-commerce platform for food distributors, continues to edge into Sysco and US Foods territory by giving smaller, independent distributors a technology leg up.
