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May 5, 2023, 1:15 PM
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| Apple: |
Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B — Services revenue reaches new all-time high iPhone revenue sets March quarter record — CUPERTINO, CALIFORNIA Apple today …
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| Kif Leswing / CNBC: |
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| Yifan Yu / Nikkei Asia: |
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| Todd Spangler / Variety: |
| Harmeet Singh Walia / Counterpoint Research: |
Smartphone shipments declined by 14% YoY and 7% QoQ globally to reach 280.2M units in Q1 2023; Apple's YoY decline was the smallest of the top five brands — - The global smartphone market declined by 14% YoY and 7% QoQ to record 280.2 million unit shipments in Q1 2023.
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TechCrunch, Neowin, Cult of Mac, SamMobile, Android Authority, and Wccftech. Tweets:
@neiltwitz
| Mengqi Sun / Wall Street Journal: |
NY AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies — Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
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| Wall Street Journal: |
Sources: Ant Group's transformation into a fully regulated company has been on hold for over a year as China reshuffles its regulatory system — Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company| Joseph Menn / Washington Post: |
A judge sentences ex-Uber CSO Joe Sullivan to three years of probation; he was convicted in October 2022 for not disclosing a 2016 data breach to regulators — The first corporate executive convicted of a crime related to a data breach by outsiders is sentenced to probation and fined| Eric Berger / Ars Technica: |
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, hoping to rival SpaceX's Starlink — The bid includes large players such as Airbus Defence and Space, Eutelsat, and SES. — A consortium of nearly every major …
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Silicon Republic, The Register, Airbus, PCMag, TechSpot, Gizmodo, and DatacenterDynamics
| Bloomberg: |
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open source AI will outcompete Google and OpenAI — A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge …
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SemiAnalysis. More:
Simon Willison's Weblog, SiliconANGLE, Gizmodo, Insider, Beyond Search, Cointelegraph, The New Stack, Fortune, Dexerto, The Information, CoinGape, and Tao of Mac
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Ivan Lee. Tweets:
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| Alex Konrad / Forbes: |
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake — The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
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@jacobhelberg, @chrisfralic, @pstasiatech, @alexrkonrad, @alexrkonrad, @alexrkonrad, and @alexrkonrad. Thanks:@alexrkonrad
| Chris Welch / The Verge: |
A review of the $250 JBL Tour Pro 2 wireless earbuds, whose case has a touchscreen for accessing earbud settings, along with extras like timers and a flashlight — The touchscreen offers quick access to earbud settings along with extras like timers and even a flashlight.| Catherine Shu / TechCrunch: |
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures — Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
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Tech in Asia
| Brian Fung / CNN: |
New York's MTA resumes posting automated transit alerts to Twitter after the platform backtracked on a plan to charge public service accounts for API access — New York's Metropolitan Transportation Authority said it would resume posting automated transit alerts to Twitter on Thursday …
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Gizmodo, Engadget, apps.cio.ny.gov, New York Post, Associated Press, and Bloomberg
| Adam Morgan McCarthy / The Block: |
Dune: Ethereum's median average transaction fee jumped to ~87 gwei on May 2, the highest level since May 2022, mostly due to memecoin trading exploding again — - Average transaction fees on the Ethereum network reached highs last seen in May 2022 this week.Sponsor Posts
Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Zoho Sign takes a bite of Apple's latest: iOS 27, iPadOS 27, and macOS Golden Gate — It's September, and you know the drill. Apple just handed us a fresh batch of releases, and there's plenty to look forward …
Zoho Sign takes a bite of Apple's latest: iOS 27, iPadOS 27, and macOS Golden Gate — It's September, and you know the drill. Apple just handed us a fresh batch of releases, and there's plenty to look forward …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
A Sober Conversation About AI Existential Risk — With Nate Soares
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
AI Wants to Shop for You. What Could Go Wrong?
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Invest Like the Best:
Michael Moritz - Lessons From 40 Years of Investing and Writing
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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Sources:
Baseten's CEO on why every company will want to own its AI
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Training Data:
Box's Aaron Levie: On Reinventing Yourself in the AI Age and Enterprise Diffusion
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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Uncapped with Jack Altman:
Andrew Feldman from Cerebras
Conversations with people I admire about things I'm genuinely interested in.
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