Zaheer Kachwala / Reuters:
Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30% — Roblox (RBLX.N) cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within …
SMIC reports Q1 revenue up 4.3% YoY to $1.75B, vs. $1.69B est., and a $71.8M net income, vs. $76.8M est., as consumer sentiment remains weak in China (Bloomberg)
Bloomberg:
SMIC reports Q1 revenue up 4.3% YoY to $1.75B, vs. $1.69B est., and a $71.8M net income, vs. $76.8M est., as consumer sentiment remains weak in China — – Net income was $71.8 million in the three months to March — SMIC expects revenue to rise by 5%-7% in April-June quarter
A survey of 1,423 US teens: 85% play video games, including 41% daily, 72% say gaming is a way to spend time with others, and 80% think bullying in an issue (Pew Research Center)
Pew Research Center:
A survey of 1,423 US teens: 85% play video games, including 41% daily, 72% say gaming is a way to spend time with others, and 80% think bullying in an issue — 85% of U.S. teens say they play video games, and about four-in-ten do so daily. Teens see both positive and negative sides of video games …
Sources: Alphabet has been progressing in talks to acquire marketing software provider HubSpot and has discussed terms; HubSpot has a $30B market cap (Bloomberg)
Bloomberg:
Sources: Alphabet has been progressing in talks to acquire marketing software provider HubSpot and has discussed terms; HubSpot has a $30B market cap — Google parent Alphabet Inc. has been progressing in talks to acquire marketing software provider HubSpot Inc., according to people familiar with the matter.
TikTok plans to start automatically labeling some AI content, including from Dall-E and Adobe’s Firefly, and joins the Adobe-led content credential coalition (Financial Times)
Financial Times:
TikTok plans to start automatically labeling some AI content, including from Dall-E and Adobe’s Firefly, and joins the Adobe-led content credential coalition — Social media companies under pressure to identify deepfakes and prevent spread of misinformation
An interview with Sundar Pichai on playing the long game on AI, how Gemini image generation “got it wrong”, AI search, the US DOJ lawsuits, layoffs, and more (Emily Chang/Bloomberg)
Emily Chang / Bloomberg:
An interview with Sundar Pichai on playing the long game on AI, how Gemini image generation “got it wrong”, AI search, the US DOJ lawsuits, layoffs, and more — In this episode of The Circuit with Emily Chang, the Alphabet CEO explains how he’s in it for the long haul—and won’t dance to anyone else’s tune.
Sources: French AI startup Mistral AI is nearing a deal to raise ~$600M at a $6B valuation, after raising $500M at a $2B+ valuation in December 2023 (Wall Street Journal)
Wall Street Journal:
Sources: French AI startup Mistral AI is nearing a deal to raise ~$600M at a $6B valuation, after raising $500M at a $2B+ valuation in December 2023 — Mistral AI is nearing a deal to raise funds at a $6 billion valuation—nearly tripling its level from six months ago.
Duolingo drops 10%+ after reporting DAUs up 55% YoY to 31.4M, above 31.1M est., gaining users at the slowest rate since Q3 2022, and revenue up 45% YoY to $168M (Gabriel Sanchez/Bloomberg)
Gabriel Sanchez / Bloomberg:
Duolingo drops 10%+ after reporting DAUs up 55% YoY to 31.4M, above 31.1M est., gaining users at the slowest rate since Q3 2022, and revenue up 45% YoY to $168M — – Shares fell as much as 16% after user growth failed to impress — Higher-priced subscription tier, new family plan drive sales
Hands-on with LinkedIn’s new games Pinpoint, Crossclimb, and Queens: shamelessly following the NYT’s formula, all three take ~10 minutes, and they are very fun (David Pierce/The Verge)
David Pierce / The Verge:
Hands-on with LinkedIn’s new games Pinpoint, Crossclimb, and Queens: shamelessly following the NYT’s formula, all three take ~10 minutes, and they are very fun — I almost didn’t get Pinpoint this morning. … I’m kidding! But I have to admit something: I’ve been going on LinkedIn every day recently, and I’m having a great time.
In a blog post, Neuralink details a problem with its implant in patient Noland Arbaugh’s brain that reduced data collection after the implant’s threads came out (Wall Street Journal)
Wall Street Journal:
In a blog post, Neuralink details a problem with its implant in patient Noland Arbaugh’s brain that reduced data collection after the implant’s threads came out — Amount of data captured from the device declined, although the patient and the Elon Musk-owned company still staged a successful demonstration
