Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet; AAPL jumps 5% after hours  —  Services revenue reaches new all-time record  —  EPS sets March quarter record  —  Apple® today announced financial results …

Apple adds carveouts to its EU core tech fee, exempting free app developers and giving those with annual global revenue under €10M a three-year “free on-ramp”  —  Apple is tweaking how it applies a new fee that can apply to iOS developers in the European Union as it continues …

Apple Watch's AFib history feature gets FDA approval for use in clinical studies, the first digital health tech qualified under FDA's MDDT program  —  The FDA today announced that it has qualified the Apple Watch AFib ( Atrial Fibrillation) history feature as an MDDT (Medical Device Development Tools).

Microsoft rolls out passkey support for all consumer accounts; Microsoft account owners can generate passkeys across Windows, Android, and iOS  —  Microsoft is fully rolling out passkey support for all consumer accounts today.  After enabling them in Windows 11 last year …

Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours  —  Block Inc logo is seen displayed in this illustration taken, April 10, 2023.  —  Block reported first-quarter earnings after the bell that exceeded analysts' estimates.

Onur Aksoy, who pleaded guilty to selling fake Cisco equipment on Amazon and eBay from 2013 to 2022, making over $100M, is sentenced to over six years in prison  —  Some of the networking equipment sold by 40-year-old Onur Aksoy 'ended up in US hospitals, schools, and highly sensitive military …

Hubble Network, which is building a satellite network for Bluetooth devices, says it has made a Bluetooth connection directly to a satellite for the first time  —  Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite …

[Thread] California State Senator Scott Wiener defends his AI safety bill, SB 1047, after criticism that it will “crush OpenAI's competitors” and open-source AI  —  AI policy is a new & fast-moving field & it's healthy & important to have a diversity of perspectives. However, this thread contains some extreme inaccuracies — indeed outright fear-mongering — about our AI safety legislation (SB 1047) that need to be corrected: 🧵

Microsoft adds deputy chief information security officers within its product groups after a spate of cyberattacks, but declines to identify the new officials  —  Ann Johnson named deputy security officer to oversee outreach and communication about company's security

X tweaks its block feature to let users see replies to their posts even by users who have blocked them, with the aim of identifying and reporting “bad content”  —  Blocking will no longer hide your catty replies.  —  Elon Musk has made no secret that he's not a fan of the block button.

Tether partners with Chainalysis to identify risky crypto addresses that could be used for bypassing sanctions or illicit activities, like terrorist financing  —  The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities …

Cloudflare reports Q1 revenue up 30% YoY to $378.6M, vs. $373.7M est., and forecasts Q2 revenue below estimates; NET drops 13%+ after hours  —  The San Francisco-based security company estimated that revenue would total $393.5 million to $394.5 million in the second quarter …

A look at four Chinese generative AI startups, Zhipu AI, Moonshot AI, MiniMax and 01.ai, which have been valued between $1.2B and $2.5B in the past three months  —  Zhipu AI, Moonshot AI, MiniMax and 01.ai are striving to rival the success of US counterparts

WhatsApp told Delhi High Court last week that it will be forced to leave India if required to maintain “traceability” for messages as part of 2021's IT rules  —  Tracing the origins of messages is more complicated than it sounds.  —  Russell Brandom is the U.S. Tech Editor at Rest of World.

Mimic, which helps businesses detect, deflect, and quickly recover from ransomware attacks, emerges from stealth with a $27M seed led by Ballistic Ventures  —  A new Silicon Valley startup called Mimic is coming out of the shadows with a hefty $27 million seed-stage funding round led by Ballistic Ventures.