Rachel Metz / Bloomberg:
Source: OpenAI is developing a feature for ChatGPT that can search the web and show results with citations to sources and images — The feature would let ChatGPT users search the web and cite sources in its results. — OpenAI is developing a feature for ChatGPT that can search the web …
Meta announces an update to its AI ad tools, which can now make full new images, not just backgrounds, and claims it’s adding strong guardrails to prevent abuse (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Meta announces an update to its AI ad tools, which can now make full new images, not just backgrounds, and claims it’s adding strong guardrails to prevent abuse — Meta is rolling out an expanded set of generative AI tools for advertisers, after first announcing a set of AI features last October.
Match Group reports Q1 revenue up 9% YoY to $859.6M, vs. $855.5M est., paying users down 6% YoY to 14.9M, and forecasts Q2 revenue below expectations (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
Match Group reports Q1 revenue up 9% YoY to $859.6M, vs. $855.5M est., paying users down 6% YoY to 14.9M, and forecasts Q2 revenue below expectations — Tinder-parent Match Group (MTCH.O) forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps.
Lyft reports Q1 revenue up 28% YoY to $1.3B, a $31.5M net loss, gross bookings up 21%, active riders growing at the fastest pace since 2022, up 12% YoY to 21.9M (Natalie Lung/Bloomberg)
Natalie Lung / Bloomberg:
Lyft reports Q1 revenue up 28% YoY to $1.3B, a $31.5M net loss, gross bookings up 21%, active riders growing at the fastest pace since 2022, up 12% YoY to 21.9M — – Active riders increased at the fastest pace since 2022 — The company has upgraded its full-year free cash flow guidance
Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours (Ashley Capoot/CNBC)
Ashley Capoot / CNBC:
Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours — Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024.
GlobalFoundries reports Q1 revenue down 16% YoY to $1.55B, vs. $1.52B est., net income of $134M, and forecasts Q2 revenue above estimates; GFS closes up 7.1% (Aditya Soni/Reuters)
Aditya Soni / Reuters:
GlobalFoundries reports Q1 revenue down 16% YoY to $1.55B, vs. $1.52B est., net income of $134M, and forecasts Q2 revenue above estimates; GFS closes up 7.1% — GlobalFoundries (GFS.O) forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand …
The US revokes some licenses that allow companies to ship chips and other goods to Huawei (Reuters)
Reuters:
The US revokes some licenses that allow companies to ship chips and other goods to Huawei — The U.S. on Tuesday said it revoked some licenses that allow companies to ship goods, such as chips, to the sanctioned Chinese mobile phone and laptop maker Huawei Technologies.
EA reports Q4 revenue down 5% YoY to $1.78B, net income of $182M, net bookings down 14% YoY to $1.67B, and announces a three-year $5B stock buyback (Brendan Sinclair/GamesIndustry.biz)
Brendan Sinclair / GamesIndustry.biz:
EA reports Q4 revenue down 5% YoY to $1.78B, net income of $182M, net bookings down 14% YoY to $1.67B, and announces a three-year $5B stock buyback — Publisher forecasts revenue decline for coming year, commits to three-year, $5 billion stock repurchase program
Amazon launches Bedrock Studio in public preview, a web tool to help orgs experiment with and collaborate on generative AI models and then build AI-powered apps (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Amazon launches Bedrock Studio in public preview, a web tool to help orgs experiment with and collaborate on generative AI models and then build AI-powered apps — Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models …
The new iPad Pro drops the ultra-wide camera; 1TB and 2TB models have 16GB RAM and M4 chips with 10-core CPUs, vs. 8GB RAM and 9-core CPU M4 in 256/512GB models (Benjamin Mayo/9to5Mac)
Benjamin Mayo / 9to5Mac:
The new iPad Pro drops the ultra-wide camera; 1TB and 2TB models have 16GB RAM and M4 chips with 10-core CPUs, vs. 8GB RAM and 9-core CPU M4 in 256/512GB models — While the new iPad Pro with M4 is a major step forward across the board, there a couple gotchas to be aware of.
