Apple:
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet; AAPL jumps 5% after hours — Services revenue reaches new all-time record — EPS sets March quarter record — Apple® today announced financial results …
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ (Olga Kharif/Bloomberg)
Olga Kharif / Bloomberg:
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ — – Consumer transaction revenue almost doubled from last quarter — Urges ‘caution in extrapolating’ results so far this quarter
Tether says it is working with Chainalysis to identify crypto wallets that could be used for bypassing sanctions or illicit activities like terrorist financing (Krisztian Sandor/CoinDesk)
Krisztian Sandor / CoinDesk:
Tether says it is working with Chainalysis to identify crypto wallets that could be used for bypassing sanctions or illicit activities like terrorist financing — The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities …
Hyundai invests $475M in self-driving startup Motional and will spend another $448M to buy 11% of Aptiv’s common equity interest in Motional (Rebecca Bellan/TechCrunch)
Rebecca Bellan / TechCrunch:
Hyundai invests $475M in self-driving startup Motional and will spend another $448M to buy 11% of Aptiv’s common equity interest in Motional — Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing …
A federal judge grills both the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes (New York Times)
New York Times:
A federal judge grills both the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes — Judge Amit P. Mehta tried poking holes in the closing arguments of a landmark monopoly case as he weighs a ruling that could reshape tech.
[Thread] California state Sen. Scott Wiener defends his AI safety bill SB 1047, after criticism that it will “crush OpenAI’s competitors” and open-source AI (Senator Scott Wiener/@scott_wiener)
Senator Scott Wiener / @scott_wiener:
[Thread] California state Sen. Scott Wiener defends his AI safety bill SB 1047, after criticism that it will “crush OpenAI’s competitors” and open-source AI — AI policy is a new & fast-moving field & it’s healthy & important to have a diversity of perspectives. However, this thread contains some extreme inaccuracies — indeed outright fear-mongering — about our AI safety legislation (SB 1047) that need to be corrected: 🧵
Microsoft bans US police departments from using integrations with Azure OpenAI Service, including integrations with OpenAI’s text- and speech-analyzing models (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Microsoft bans US police departments from using integrations with Azure OpenAI Service, including integrations with OpenAI’s text- and speech-analyzing models — Microsoft has changed its policy to ban U.S. police departments from using generative AI through the Azure OpenAI Service …
Brazil-based Indicium, which helps enterprises become “data-driven” using data stacks from AWS and others, raised $40M to expand its operations in the US (Duncan Riley/SiliconANGLE)
Duncan Riley / SiliconANGLE:
Brazil-based Indicium, which helps enterprises become “data-driven” using data stacks from AWS and others, raised $40M to expand its operations in the US — Brazilian data and artificial intelligence consultancy startup Indicium today announced that it had raised $40 million …
Rabbit R1 review: $199 is the right price, fun design, and a good mic, but the best features are all MIA, finicky and slow, and using a phone is better (David Pierce/The Verge)
David Pierce / The Verge:
Rabbit R1 review: $199 is the right price, fun design, and a good mic, but the best features are all MIA, finicky and slow, and using a phone is better — Artificial intelligence might someday make technology easier to use and even do things on your behalf. All the Rabbit R1 does right now is make me tear my hair out.
Microsoft rolls out passkey support for all consumer accounts; Microsoft account owners can generate passkeys across Windows, Android, and iOS (Tom Warren/The Verge)
Tom Warren / The Verge:
Microsoft rolls out passkey support for all consumer accounts; Microsoft account owners can generate passkeys across Windows, Android, and iOS — Microsoft is fully rolling out passkey support for all consumer accounts today. After enabling them in Windows 11 last year …
