April 25, 2023, 6:50 PM

Top News

Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY  —  MOUNTAIN VIEW, Calif. - April 25, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023.
Jordan Novet / CNBC:
Google Cloud turns profitable for the first time on record, with a $191M operating income on $7.45B revenue in Q1 2023, vs. a $706M loss on $5.82B in Q1 2022  —  - Google said its cloud group has turned profitable on an operating basis after showing losses for more than three years.
More: TechCrunch and The Verge
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Rachel Metz / Bloomberg:
OpenAI now lets ChatGPT users turn off their chat histories, excluding them from the company's models, and plans to launch ChatGPT Business in the coming months  —  OpenAI is letting people opt to withhold their ChatGPT conversations from use in training the artificial intelligence company's models.
Mark Gurman / Bloomberg:
Sources: Apple is working on emotion tracking tools, coming to its Health app in 2023, and an AI-powered health coaching subscription service codenamed Quartz  —  Apple Inc. is working on an artificial intelligence-powered health coaching service and new technology for tracking emotions …
Tom Warren / The Verge:
Microsoft reports Q3 Windows OEM revenue down 28% YoY, devices revenue down 30% YoY, overall gaming revenue down 4% YoY, and Xbox hardware revenue down 30% YoY  —  Microsoft just posted the third quarter of its 2023 fiscal financial results.  The software maker made $52.9 billion in revenue and a net income of $18.3 billion during Q3.
Microsoft reports Q3 revenue up 7% YoY to $52.9B, net income up 9% YoY to $18.3B, Office Commercial up 13% YoY, Dynamics 365 up 25% YoY, and LinkedIn up 8% YoY  —  REDMOND, Wash. — April 25, 2023 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2023 …
Alex Thompson / Axios:
After President Biden's reelection campaign announcement, the Republican National Committee posts an attack ad featuring AI-generated images, including of Biden  —  - The video features AI-created images appearing to show Biden and Vice President Kamala Harris celebrating at an Election Day party …
Dan Milmo / The Guardian:
The UK unveils a bill to tackle the “excessive dominance” of Big Tech companies by empowering the CMA's Digital Markets Unit, expected to become law in 2024  —  Global companies like Google, Apple and Amazon could have to pay penalties of up to 10% of their global turnover as government gives competition watchdog more power
Yueqi Yang / Bloomberg:
Voyager Digital says Binance.US terminated an agreement to acquire the bankrupt crypto broker for $1B, less than a week after the US abandoned stopping the deal  —  Voyager Digital Ltd said Binance.US had terminated an agreement to purchase the bankrupt crypto broker.
Jon Porter / The Verge:
WhatsApp expands its multi-device feature to let the same account be used across multiple smartphones, not just tablets and computers, a long-requested feature  —  WhatsApp users are no longer restricted to using their account on just a single phone.  Today, the Meta-owned messaging service …
Anne Steele / Wall Street Journal:
Spotify Q1: revenue up 14% YoY to €3B, net loss down 17% YoY to €225M, ad revenue up 17% YoY to €329M, MAUs up 22% YoY to 515M, and subscribers up 15% to 210M  —  Audio streaming giant posted lower-than-expected revenue gains as ad spending cooled Spotify Technology SA reported …
Inside Meta's scramble to catch up on AI: slow to adopt pricey AI-optimized systems, scrapping a custom AI chip for a more ambitious model in 2025, and more  —  As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection …
Cat Zakrzewski / Washington Post:
US agency officials, including the FTC's Lina Kahn and the EEOC's Charlotte Burrows, commit to enforcing civil rights laws against AI systems perpetuating bias  —  Officials from multiple federal agencies say they committed to enforce existing civil rights laws against AI systems that perpetuate bias
Andrew J. Hawkins / The Verge:
GM's Cruise expands its “small” fleet of driverless robotaxis in San Francisco to daylight hours, now operating 24/7; the unit lost $561M in Q1 2023, up 73% YoY  —  Cruise, the autonomous vehicle division of General Motors, is now operating a “small” fleet of driverless robotaxis …
André Beganski / Decrypt:
Aisha Malik / TechCrunch:
Yelp announces a series of updates, including AI-powered search suggestions and review highlights, and the ability to upload short videos up to 12 seconds long  —  Yelp announced today that it's introducing a series of new updates, including an enhanced AI-powered search experience and the ability to add videos to reviews.
Foo Yun Chee / Reuters:
Thierry Breton says EU Digital Services Act content rules will apply to Apple, Meta, Google, TikTok, Twitter, Wikipedia, YouTube, and 12 others from August 2023  —  Five Alphabet (GOOGL.O) subsidiaries, two Meta Platforms (META.O) units, two Microsoft (MSFT.O) businesses, Twitter and Alibaba's …
Matt Binder / Mashable:
Elon Musk posts a screenshot showing 24.7K of his 136.4M+ Twitter followers, or 0.018%, subscribe to his tweets, Spaces, and more to earn him nearly $100K/month  —  Musk is making around $100,000 from Twitter users subscribing to his paywalled content.  —  After this weekend's Twitter Blue drama …
Jordan Pearson / VICE:

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