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Archive
Meta revenue +3% YoY to $28.6B, operating margin falls from 31% to 25%
Top stories today: 1. Meta revenue +3% YoY to $28.6B, VR revenue -51% 2. UK regulator rejects Microsoft, Activision deal 3. Elon meets with Schumer on AI regulation 4. House passes GOP debt ceiling bill by 217-215 5. Trump 53% x DeSantis 21% in latest Fox poll
First Republic Bank drops 49%, could be shut down on Friday
Top stories today: 1. First Republic Bank drops 49%, could be shut down on Friday 2. Alphabet sales +3% to $69.8B, operating margin falls from 30% to 25% 3. Microsoft sales +7% to $52.9B, operating margin rises from 41% to 42% 4. Hugging Face launches HuggingChat 5. ChatGPT lets users disallow their data to be used for training 6. GOP bill to cut debt-to-GDP from 118% to 106% in 2033
Apple wins Epic Games antitrust appeal, but will likely allow 3rd party app stores anyway
Top stories today: 1. Apple wins Epic Games antitrust appeal 2. Microsoft may stop force-bundling Teams into Office 3. Tucker Carlson fired from Fox for election fraud coverage, lawsuit, messages 4. First Republic loses 41% of deposits in Q1, even as banks inject $30B
Apple to launch a wide range of apps for its headset
Top stories today: 1. Apple aims to launch a wide range of apps for its headset 2. Google moves AI chips team to Google Cloud 3. Twitter blue checkmarks reappear for some celebrities and media companies 4. NBC poll: Trump 46% x DeSantis 31%
Google merging Brain with Deepmind into Google Deepmind
Top stories today: 1) Google merging Brain with Deepmind into Google Deepmind 2) Elon claims success from Starship launch that ended in an explosion 3) Humane demos AI-powered wearable at TED talk 4) Tiger's $12B 2021 venture capital is down "only" 20% since inception 5) VC funding in crypto falls 82% YoY to $1.7B
Stability AI launches new open source LLMs, but disappoints
Top stories today: 1. Stability AI launches new open source LLMs, but disappoints 2. Google to launch generative AI for ads in the coming months 3. Tesla's operating margin falls from 19% to 11% 4. Coinbase to launch offshore exchange "in coming weeks"
Microsoft is developing its own AI chip, Athena
Top stories today: 1) Microsoft is developing its own AI chip, Athena 2) Dominion settles with Fox News for $787.5M 3) Apple's headset to feature gaming, fitness, sports, and most core iPad apps 4) Meta expected to cut another 4K; 29% of cuts since peak
Amazon launches AWS Bedrock, partnering with Anthropic, AI21, and Stable Diffusion
Top stories today: 1) Amazon launches AWS Bedrock, partnering with Anthropic, AI21, and Stable Diffusion 2) Meta open sources its Animated Drawings project 3) Solana launches their Web3 smartphone Saga 4) Bernard Arnault's wealth reaches $210B, a record for him 5) Twitter promises no fees for 12 months on Monetization platform 6) Police arrest IT consultant as suspect of San Francisco murder