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February 3, 2023, 12:50 PM
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Top News

Apple:
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B  —  Installed base crosses 2 billion active devices and hits all-time high for all major product categories  —  Services set new all-time revenue record
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone down 8% YoY to $65.8B, Mac down 29% YoY to $7.7B, iPad up 30% YoY to $9.4B, and Wearables, Home, and Accessories down 8% YoY to $13.5B  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Apple missed expectations for revenue, profit, and sales for many of its lines …
Aaron Tilley / Wall Street Journal:
Tim Cook says iPhone revenue would have grown without supply constraints, currency fluctuations were a challenge, and layoffs are a “last resort kind of thing”
Michael Potuck / 9to5Mac:
Apple reports Q1 Services revenue up 6% YoY to $20.8B and says its install base crossed 2B active devices, up from 1.8B devices the company reported in Q1 2022
Financial Times:
Sources: Google invested $300M in Anthropic, taking a 10% stake in the generative AI startup and requiring it to spend the money on Google Cloud  —  Cash-for-computing deal shows how large tech groups are investing in companies at the vanguard of generative AI
Davey Alba / Bloomberg:
Sundar Pichai says Google will make LLMs like LaMDA available “in the coming weeks and months”, and users will be able to use them “as a companion to search”  —  Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts' expectations …
Alphabet:
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234
Kevin Roose / New York Times:
Inside ChatGPT's rushed launch, as OpenAI feared that rivals might upstage them; Sam Altman now worries about regulatory backlash and inflated expectations  —  Even inside the company, the chatbot's popularity has come as something of a shock.  —  One day in mid-November …
Rohan Goswami / CNBC:
Activision Blizzard to pay $35M to the SEC to settle claims it violated federal whistleblower protections and failed to maintain adequate disclosure standards  —  - Activision Blizzard will settle with the SEC for $35 million, over claims that the company violated federal whistleblower protections …
BuzzFeed News:
Twitter ending free API access could have the unfortunate side effect of effectively killing off many useful bots like @MakeItAQuote, @BigTechAlert, and more  —  “I'm not paying a dime to Elon lol.”  —  Pranav Dixit  —  One of the most popular bots on Twitter is @MakeItAQuote, which has more than 565,000 followers.
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead
Amitoj Singh / CoinDesk:
As the spat between Binance and WazirX escalates, Binance invites the Indian crypto exchange to withdraw its assets held in Binance wallets after February 3  —  The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.
Wall Street Journal:
Documents offer a look at the four men, including a former child actor, who once owned ~86% of Tether Holdings, incorporated in 2014, and their ties to Bitfinex  —  The stablecoin has become a lucrative business at center of crypto economy  —  Tether Holdings Ltd. operates a $68 billion stablecoin …
Amazon:
Amazon Q4: revenue up 9% YoY to $149.2B, net income down 98% YoY to $278M, AWS revenue up 20% YoY to $21.4B, and employees down 4% to 1.54M; stock is down 5%+
Matt Richtel / New York Times:
Some US emergency services operators say they are inundated with false, automated calls by the Apple Watches or iPhone 14s of skiers and fitness enthusiasts  —  911 dispatchers are buried under an avalanche of false, automated distress calls from skiers and other Apple device owners who are very much alive.
Rita Liao / TechCrunch:
Two days after approving decentralized social network Damus, Apple complies with China's ask to remove the app from the App Store in China for “illegal” content  —  Damus, one of the fastest-growing Twitter alternatives, has been pulled from China's App Store just two days after the app was approved by Apple.

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This is a Techmeme archive page. It shows how the site appeared at 12:50 PM ET, February 3, 2023.

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From Mediagazer

Associated Press:
A US district court judge agrees to permanently block the Trump administration from implementing an executive order to end federal funding for NPR and PBS

Ted Johnson / Deadline:
A new filing from Nexstar in the DirecTV lawsuit says the existing restraining order freezing the Nexstar-Tegna merger could jeopardize assets of both companies

Qassim Abdul-Zahra / Associated Press:
Iraqi officials say a US journalist was kidnapped in Baghdad and security forces are looking for her captors; one outlet identified her as Shelly Kittleson

More News

Alexandra Bruell / Wall Street Journal:
Sports Illustrated publisher Arena Group is working with AI startups Jasper and Nota to help produce articles from its own content library and pitch journalists
Dave Lee / Financial Times:
Amazon, Meta, Alphabet, and Microsoft will collectively incur $10B+ in charges related to 50,000 job cuts, real estate changes, and other cost saving measures

Earlier Picks

Sergiu Gatlan / BleepingComputer:
A former employee of IoT manufacturer Ubiquiti pleaded guilty to stealing gigabytes of confidential data in December 2020 and extorting the company for ransom
Tom Schoenberg / Bloomberg:
Sources: US prosecutors in the DOJ's fraud unit are investigating California-based bank Silvergate over hosting accounts tied to FTX and Alameda Research
Wall Street Journal:
TikTok's playbook to win DC's trust, like touring its Transparency and Accountability Center in California, echoes Huawei's unsuccessful US and Europe strategy
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