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April 30, 2025, 5:45 PM
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Microsoft:
Microsoft reports Q3 revenue up 13% YoY to $70.1B, Microsoft 365 Commercial products and cloud services revenue up 11% YoY, and net income up 18% YoY to $25.8B  —  Microsoft Cloud and AI Strength Drives Third Quarter Results  —  REDMOND, Wash. — April 30, 2025 — Microsoft Corp. today announced …
Reuters:
Microsoft's Q3 capex rose 52.9% YoY to $21.4B, vs. $22.4B est.; Microsoft reiterated this month that it would spend $80B on its data center build-out this year
Meta:
Meta reports Q1 revenue up 16% YoY to $42.3B, net income up 35% YoY to $16.6B, and family daily active people up 6% YoY to 3.43B on average for March 2025  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2025.
Todd Spangler / Variety:
Meta says it expects its capex for FY2025 to be $64B to $72B, an increase from its prior expectation of $60B to $65B
Bloomberg:
US v. Google: Sundar Pichai says the DOJ's proposal to share Google search data with rivals amounts to a “de facto” spinoff of Google's search engine and its IP  —  - Alphabet CEO testifies as part of Justice Department lawsuit  — Rivals could reverse-engineer ‘every aspect of our technology’
Erin Woo / The Information:
US v. Google: Sundar Pichai says he had at least a “couple” of calls with Tim Cook in 2024 about a Gemini deal; Cook said Apple plans to add more AI chatbots
Financial Times:
Microsoft President Brad Smith says the company would take the US to court if necessary to protect European customers' “continuity of access” to its services  —  Tech group says it would sue to keep European access to crucial cloud services  —  Microsoft's top legal officer …
Natalie Lung / Bloomberg:
Duolingo launches 148 new language courses developed with generative AI, doubling its offerings for non-English speakers within a year, as it aims for 1B+ users  —  On Wednesday, Duolingo signaled that approach is helping to rapidly expand its language-learning courses …
Ben Jiang / South China Morning Post:
DeepSeek quietly open sources Prover-V2, a math-focused, 671B-parameter AI model using mixture-of-experts, on Hugging Face, one day after Alibaba released Qwen3  —  The Chinese start-up has released the Prover-V2 model a day after Alibaba released Qwen3, and ahead of an anticipated release of DeepSeek-R2
Dwarkesh Patel / Dwarkesh Podcast:
Q&A with Mark Zuckerberg on Llama 4, benchmarks, AI friends, DeepSeek, China, export controls, open source, monetizing AGI, aligning with Trump, and more  —  Zuck on:  — Llama 4, benchmark gaming, open vs closed  — Intelligence explosion, business models for AGI
Maxwell Zeff / TechCrunch:
At LlamaCon, Satya Nadella says 20% to 30% of code in Microsoft's repositories was AI-written, and Microsoft was seeing more progress in Python and less in C++
Bloomberg Tax:
Sources: Ripple has proposed a takeover of Circle for $4B to $5B, a bid that was rejected as too low; Ripple remains interested in Circle  —  Ripple has proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion to $5 billion, a bid that was rejected as too low …
Sarah Perez / TechCrunch:
Wikipedia says it will use AI to build new features that “remove technical barriers” for editors, moderators, and patrollers, automate tedious tasks, and more  —  Wikipedia on Wednesday revealed its new AI strategy for the next three years — and it's not replacing the Wikipedia community …
Mark Gurman / Bloomberg:
Sources: Apple reorganizes its global affairs unit, including management of the government teams for Europe and Asia, and Apple Music's leadership structure  —  Powerbeats Pro 2 Review: Best Workout Earbuds Still Lag on Audio Quality  —  Beats' newest exercise headphones are improved, but they face stiffer competition than ever.
Lucas Ropek / Gizmodo:
Marc Andreessen says VC may be one of the last fields safe from AI after it replaces most workers, as it requires “intangible” skills like psychological insight  —  In the future, AI will apparently be able to do everybody's job—except Marc's.  —  Egg-headed venture capitalist …
Yuan Gao / Bloomberg:
Xiaomi unveils open-source AI reasoning model MiMo, joining other Chinese tech leaders hoping to make a splash in the burgeoning AI field endorsed by Beijing  —  Xiaomi debuted MiMo a day after Alibaba unveiled the latest version of its own flagship model, amplifying a race between China's tech players …
Emily Birnbaum / Bloomberg:
Meta, Spotify, and Match launch the Coalition for a Competitive Mobile Experience, a lobbying coalition to take on Apple and Google over user age verification  —  App makers Meta Platforms Inc., Spotify Technology SA and Match Group Inc. are girding for a high-stakes political battle …
Jane Lanhee Lee / Bloomberg:
TSMC begins building a third fab in Arizona, announcing the third phase of its US expansion the same day Commerce Secretary Howard Lutnick toured TSMC's site  —  The world's most advanced chipmaker announced the third phase of its US expansion the same day Commerce Secretary Howard Lutnick toured TSMC's site …
Emily Mason / Bloomberg:
Visa partners with Stripe's Bridge to help fintechs launch their own stablecoin-linked card programs in multiple countries at once, starting in Latin America
Martin Young / Cointelegraph:
Filing: PayPal discloses that the US SEC said in February 2025 that it was closing its investigation into the PayPal USD stablecoin “without enforcement action”  —  PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant's US-dollar stablecoin.

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From Mediagazer

Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

John Koblin / New York Times:
The Netflix-WBD deal should quiet concerns, for now, from CNN employees worried about the prospect of Paramount combining CBS News and CNN in a WBD acquisition

More News

Earlier Picks

Mathieu Pollet / Politico:
Doc: the EU's draft International Digital Strategy, set for June 4, acknowledges that decoupling from US tech is “unrealistic” and calls for strategic alliances
More: Atlantic Council and Bloomberg
Bluesky: @elinorcarmi, @katjabego, and @parismarx.com.  Forums: r/eutech
Jason Schreier / Bloomberg:
EA says it laid off staff and canceled “two early-stage incubation projects”; sources say EA cut 300 to 400 roles and its Respawn unit canceled a Titanfall game
Kyle Wiggers / TechCrunch:
Online graphic design platform Freepik releases F Lite, a ~10B-parameter “open” AI image model that it says was trained on ~80M licensed, “safe-for-work” images
Jagmeet Singh / TechCrunch:
An Indian court directs the government to block Proton Mail after a local firm alleged its staff received emails containing obscene content sent via the service
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