Zosia Wanat / Sifted:
Lithuanian second hand marketplace Vinted reports 2023 revenue up 61% YoY to €596.3M and a €17.8M net profit, up from a €20.4M loss in 2022 — The company reported a net profit of €17.8m in 2023 — Vinted, the Lithuanian startup which has become one of Europe’s best …
Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales (Bloomberg)
Bloomberg:
Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales — – Its smartphone shipments grew 70% in the first quarter — The Shenzhen company is also offering AI chips to rival Nvidia
How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a substantial bill, due to a popular open source tool using the same bucket name (Maciej Pocwierz)
Maciej Pocwierz:
How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a substantial bill, due to a popular open source tool using the same bucket name — Imagine you create an empty, private AWS S3 bucket in a region of your preference. What will your AWS bill be the next morning?
EU Commission President Ursula von der Leyen says a TikTok ban is “not excluded” and “we know exactly the danger of TikTok” during a 2024 election debate (Pieter Haeck/Politico)
Pieter Haeck / Politico:
EU Commission President Ursula von der Leyen says a TikTok ban is “not excluded” and “we know exactly the danger of TikTok” during a 2024 election debate — The remark comes amid a streak of bad news for TikTok in Europe. — Commission President Ursula von der Leyen hinted …
The EU opens a DSA investigation into Facebook and Instagram over deceptive ad and political content; sources say the move relates to a pro-Kremlin campaign (Bloomberg)
Bloomberg:
The EU opens a DSA investigation into Facebook and Instagram over deceptive ad and political content; sources say the move relates to a pro-Kremlin campaign — – Probe said to target pro-Putin Doppelganger campaign — Meta probe is under the EU’s tough new Digital Services Act
Tesla’s FSD is set to face tough competition in China, after at least 10 automakers and suppliers announced driver-assistance systems over the past two years (Reuters)
Reuters:
Tesla’s FSD is set to face tough competition in China, after at least 10 automakers and suppliers announced driver-assistance systems over the past two years — If Tesla succeeds in bringing its “Full Self-Driving” system to China, the world’s largest car market, the U.S. electric-car pioneer …
Tech journalism is often characterized by scandals, sensationalism, and shoddy research, and publishers are reluctant to invest in it without a clear ROI (Timothy B. Lee/Asterisk)
Timothy B. Lee / Asterisk:
Tech journalism is often characterized by scandals, sensationalism, and shoddy research, and publishers are reluctant to invest in it without a clear ROI — A huge proportion of tech journalism is characterized by scandals, sensationalism, and shoddy research. Can we fix it?
Ahead of CZ’s sentencing on April 30, a look at the contrast between CZ/Binance and SBF/FTX, as Binance claims more than 40M new users in 2023, up 30% YoY (Bloomberg)
Bloomberg:
Ahead of CZ’s sentencing on April 30, a look at the contrast between CZ/Binance and SBF/FTX, as Binance claims more than 40M new users in 2023, up 30% YoY — The ex-CEO is about to learn if he’ll be the richest US inmate ever. But, with friends on the company’s board …
Analysis: Apple hired at least 36 AI experts from Google and has created a secretive European laboratory in Zurich, to develop new AI models and products (Michael Acton/Financial Times)
Michael Acton / Financial Times:
Analysis: Apple hired at least 36 AI experts from Google and has created a secretive European laboratory in Zurich, to develop new AI models and products — iPhone maker also recruits generative AI experts into secretive Zurich lab as it prepares fightback against Big Tech rivals
Microsoft announces plans to invest $1.7B in cloud and AI infrastructure in Indonesia over four years and train 840,000 people with AI skills in the country (Bloomberg)
Bloomberg:
Microsoft announces plans to invest $1.7B in cloud and AI infrastructure in Indonesia over four years and train 840,000 people with AI skills in the country — – CEO Nadella tours Southeast Asia in search for growth markets — Nvidia, Apple leaders also visited region before Nadella
