Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features — The latest Matter spec brings a number of improvements to the smart home standard founded by Apple, Google, Amazon, and Samsung.
Intel expects Q2 revenue to be “below the midpoint” of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports (Lynn Doan/Bloomberg)
Lynn Doan / Bloomberg:
Intel expects Q2 revenue to be “below the midpoint” of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports — Intel Corp. expects second-quarter revenue to fall below the midpoint of previously issued projections because of a new US ban on chip exports to Huawei Technologies Co.
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving (Reuters)
Reuters:
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving — U.S. prosecutors are examining whether Tesla (TSLA.O) committed securities or wire fraud by misleading investors and consumers …
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 10%+ (Natalie Lung/Bloomberg)
Natalie Lung / Bloomberg:
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 10%+ — – Bookings growth still tops 20% on rides, order frequency gains — Operating profit falls on anticipated legal fees, settlements
Chinese government data: foreign-branded smartphones shipments, most of which are iPhones, grew 12% YoY to 3.75M in March, reversing a 37% drop in early 2024 (Bloomberg)
Bloomberg:
Chinese government data: foreign-branded smartphones shipments, most of which are iPhones, grew 12% YoY to 3.75M in March, reversing a 37% drop in early 2024 — – The performance marks an improvement from the start of 2024 — The bounce emerged after Apple and its resellers cut prices
Data collaboration software maker Atlan raised a $105M Series C led by Singapore’s GIC and Meritech at a $750M valuation, taking its total funding to $206M (Manya Saini/Reuters)
Manya Saini / Reuters:
Data collaboration software maker Atlan raised a $105M Series C led by Singapore’s GIC and Meritech at a $750M valuation, taking its total funding to $206M — Atlan said on Wednesday it had raised $105 million in a funding round led by Singapore’s sovereign wealth fund GIC …
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+ (Spencer Soper/Bloomberg)
Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+ — The company posted a loss of $273 million, after a profit of $68 million a year earlier. The loss per share was 21 cents on revenue …
Sources: the US Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models to China (Reuters)
Reuters:
Sources: the US Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models to China — The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans …
Microsoft plans to invest $3B to build a data center in Mount Pleasant, Wisconsin, and train locals, alongside investing in a new AI lab at Wisconsin University (Tom Dotan/Wall Street Journal)
Tom Dotan / Wall Street Journal:
Microsoft plans to invest $3B to build a data center in Mount Pleasant, Wisconsin, and train locals, alongside investing in a new AI lab at Wisconsin University — Company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence
Bluesky details its product roadmap: an off-protocol DM system to facilitate one-on-one chats, custom feeds, anti-harassment tools, video support, and more (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Bluesky details its product roadmap: an off-protocol DM system to facilitate one-on-one chats, custom feeds, anti-harassment tools, video support, and more — Bluesky has launched a new product roadmap for the coming months. The decentralized social network said on Tuesday that it is planning …
