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August 1, 2025, 12:20 AM
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Kif Leswing / CNBC:
Apple reports Q3 revenue up 10% YoY to $94.04B, vs. $89.53B est., its largest quarterly growth since December 2021, and China net sales up 4% to $15.37B  —  Apple Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue.
Apple:
Apple Q3: iPhone up 13% YoY to $44.58B, vs. $40.22B est., Mac up 15% to $8.05B, iPad down 8% to $6.58B, and Wearables, Home, and Accessories down 9% to $7.4B  —  June quarter records for total company revenue, iPhone revenue and EPS  —  Services revenue reaches new all-time high
William Gallagher / AppleInsider:
Apple incurred ~$800M in tariff-related costs in Q3, $100M less than expected, and expects a jump to $1.1B in Q4 if current rates and policies remain in place  —  Trump's tariffs are increasingly costing Apple more per quarter  —  Apple's bill for Trump's tariffs in the third quarter …
Kif Leswing / CNBC:
Tim Cook says Apple is “significantly growing” its investment in AI and reassigning staff to work on AI features, while remaining “very open to M&A”  —  Apple's AI strategy and investment was on the mind of analysts on an earnings call after the company reported …
Chance Miller / 9to5Mac:
Apple has now sold over 3B iPhones since its 2007 launch; it reached 1B sold in July 2016, and is estimated to have reached 2B around September 2021  —  Apple reported its fiscal Q3 2025 earnings today, beating analyst expectations in key categories like revenue, earnings per share, iPhone revenue, and more.
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.
Amazon:
Amazon reports Q2 revenue up 13% YoY to $167.7B, vs. $162.09B est., forecasts Q3 operating income of $15.5B-$20.5B, vs. $19.48B est.; AMZN drops 6%+ after hours  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2025.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B  —  Amazon shares slid more than 3% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period.
Jordan Novet / CNBC:
Amazon reports Q2 AWS revenue up 17.5% YoY to $30.9B, vs. $30.8B est., and AWS operating income up 8.8% YoY to $10.2B
Tanaya Macheel / CNBC:
Coinbase reports Q2 revenue up 3% YoY to $1.5B, vs. $1.6B est., and retail trading volume up 16% to $43B, vs. $48.05B est.; COIN drops 9%+ after hours  —  Coinbase shares fell Thursday after gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes.
Tanaya Macheel / CNBC:
Coinbase says its new “everything exchange” will include tokenized assets, stocks, derivatives, prediction markets, and more, for US users in the coming months  —  Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday.
Tanaya Macheel / CNBC:
The US SEC debuts Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading, amid investor interest in tokenization  —  The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules …
Jordan Novet / CNBC:
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023  —  Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
More: Figma, TechCrunch, Reuters, Wall Street Journal, Forbes, Axios, Motley Fool, Yahoo Finance, San Francisco Examiner, Bloomberg Podcasts on YouTube, New York Times, San Francisco Business Times, Shacknews, Fast Company, Axios, CNBC, Crunchbase News, Forbes, Financial Times, and Bloomberg
X: @nadavwiz, @bgurley, @andrew__reed, @bgurley, @alexrkonrad, @trungtphan, @solana, @andyzg3, @zacharydewitt, @traestephens, @ycombinator, @thestalwart, @firstadopter, @martymadrid, @ashleevance, @growing_daniel, @joecarlsonshow, @william_blake, @lutherlowe, @packym, @davidgeorge83, @ashleevance, @gergelyorosz, @eglyman, @dohamekki, @robertjbye, @mamoonha, @haridigresses, @zck, @jordihays, @farooqib, @lulumeservey, @mihikapoor, @can, @greylockvc, @sarahdingwang, @emiliemc, @artemr, @rsg, @lexnfx, @esthercrawford, @figma, @zoink, @highyieldharry, @judson, @j0hnwang, @tryramp, @gergelyorosz, @apompliano, @bgurley, @arfurrock, @annbordetsky, @j0hnwang, @teroterotero, @thestalwart, @mattturck, @unusual_whales, @tmrohan, @levie, @gergelyorosz, @stammy, @teroterotero, @clairetbutler, @danprimack, @mikeyk, @rsms, @levie, @packym, @sarahmillerdc, @johnmarknewman, @vladlykhonis, @nyse, @sdw, @buccocapital, @rleshner, @firstadopter, @thogge, @jimcramer, @stevesi, @danprimack, @jimcramer, @danprimack, @growing_daniel, @nic__carter, @erondu, @jsngr, @mikeisaac, @zoink, @artemr, @arampell, @asanwal, @jaredpalmer, @elianoayounes, @kwharrison13, @rrhoover, @mikeisaac, @arya__deniz, @mikeisaac, @aaron_epstein, @nikillinit, @bgurley, @buccocapital, @alexkehr, @nic__carter, and @itstarh.  LinkedIn: Jordan Novet
Forums: Hacker News and r/web_design
Bloomberg:
Google loses its appeal of a US judge's order in October 2024 requiring it to overhaul its Google Play store policies in an antitrust case filed by Epic Games  —  Alphabet Inc.'s Google lost its appeal of a judge's order requiring an overhaul of the technology giant's app store policies …
Amanda Silberling / TechCrunch:
OpenAI removes a ChatGPT feature that let users make their conversations discoverable by Google and other search engines, calling it a “short-lived experiment”  —  Update 7/31/25 4:10pm PT: Hours after this article was published, OpenAI said it removed the feature from ChatGPT …
Andy Greenberg / Wired:
Microsoft says Russia's Secret Blizzard hacking group is using Russian ISPs to install spyware disguised as Kaspersky on PCs of victims in embassies in Moscow  —  The FSB cyberespionage group known as Turla seems to have used its control of Russia's network infrastructure to meddle …
RT Watson / The Block:
Tether reports a record $4.9B net profit in Q2, says it held nearly $9B in BTC at the end of Q2, and remains “among the largest holders of US government debt”  —  - Tether, the world's largest stablecoin issuer, said it registered a net profit of $4.9 billion, setting a new quarterly record.
Fiona Simmons / GamblingNews:
Miami-based MyPrize, which offers free-to-play social games in the US and crypto games elsewhere, raised $21M at a $250M valuation, taking total raised to $38M  —  With an extra $21 million, MyPrize will also be able to expand geographically and channel more players toward its platform
New York Times:
A look at Big Tech's AI talent wars with massive compensation packages; sources: Meta told potential hires they would be allotted 30K GPUs for their AI research  —  Over the summer, Matt Deitke got a phone call from Mark Zuckerberg, Meta's chief executive.  —  Mr. Zuckerberg wanted Mr. Deitke …
Anna Tong / Reuters:
AI infrastructure company fal, which runs audio, video, and image models on behalf of enterprises, raised a $125M Series C led by Meritech at a $1.5B valuation  —  Artificial intelligence infrastructure company fal raised a $125 million Series C round valuing the company at $1.5 billion, the company said Thursday.
Rebecca Szkutak / TechCrunch:
San Mateo-based observability service Observe raised a $156M Series C led by Sutter Hill Ventures with participation from Snowflake, Madrona, and others  —  Observe, an observability platform, was founded in 2017 in response to the changing nature of software observability.
Bloomberg:
Sources: Salesforce and ServiceNow are in talks to invest ~$750M each in Genesys, which uses AI to automate customer service functions, valuing Genesys at ~$15B  —  Salesforce Inc. and ServiceNow Inc. are each in advanced talks to invest about $750 million apiece in Genesys Cloud Services Inc. …

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From Mediagazer

New York Times:
A look at the advantages and pitfalls of AI use in major newsrooms: from sifting through big datasets to suggesting headlines to causing embarrassing errors

Dade Hayes / Deadline:
AMC Networks says it is reducing its 1,800 person workforce by “less than 5%” through voluntary buyouts

Brier Dudley / Local News Initiative:
How three Northwest newspapers have remained independent and avoided closure: selling to employees, diversifying print operations, and nurturing future owners

More News

Katie Roof / Bloomberg:
Anaconda, which provides AI development tools for developers and data scientists, raised $150M+ led by Insight Partners, source says at a $1.5B valuation

Earlier Picks

Sean Michael Kerner / VentureBeat:
Stack Overflow survey: 84% of developers use or plan to use AI tools in their workflow, up from 76% in 2024, and 33% trust AI accuracy, down from 43% in 2024
Annie Palmer / CNBC:
Trump signs an EO ending the de minimis exemption for packages worth $800 or less from all countries, after shuttering the loophole for goods from China in May
Reuters:
The Cyberspace Administration of China questioned Nvidia over H20 chip security concerns after US lawmakers urged adding tracking features to exported AI chips
Bloomberg:
OpenAI launches Stargate Norway, the first Stargate-branded initiative in Europe, to build a 230MW data center owned by a joint venture between Nscale and Aker
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