May 4, 2023, 7:55 PM

Top News

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 …
Kif Leswing / CNBC:
Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B  —  - Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street's soft expectations for sales and revenue …
Ina Fried / Axios:
Todd Spangler / Variety:
Richard Lawler / The Verge:
Google releases a brief teaser video showing off the Pixel Fold, confirming that it will be officially revealed on May 10 during the Google I/O 2023 event  —  / This is Google's first foldable phone.  More details are coming at Google I/O on May 10th.
David McCabe / New York Times:
The White House announces plans to address AI's risks, including $140M for new research centers and draft guidelines for government agencies using AI safeguards  —  Vice President Kamala Harris also plans to meet with the chief executives of tech companies that are developing A.I. later on Thursday.
Financial Times:
Annie Palmer / CNBC:
Shopify sells its logistics unit to supply chain tech company Flexport, after building the operation for years and acquiring Deliverr for $2.1B in May 2022  —  - Shopify is selling its logistics unit to supply chain technology company Flexport.  — The Canadian e-commerce company …
Ilya Banares / Bloomberg:
Washington Post:
Sources: Google, which published AI papers prolifically, in February moved to sharing only after the work had been productized, due to OpenAI's ChatGPT launch  —  For years the tech giant published scientific research that helped jump-start its competitors.  But now it's lurched into defensive mode.
Emma Roth / The Verge:
Discord plans to drop the four-digit tag after its usernames to make it “easier to connect” with others and force most users to pick a username with an @ prefix  —  Discord is taking away the four-digit tag that it puts after its usernames as it looks to make it “easier to connect” with other users.
Tom Warren / The Verge:
Microsoft opens its Bing chatbot to all, removing the waitlist, and announces features like image and video results, persistent chat and history, and plug-ins  —  Microsoft is making its Bing GPT-4 chatbot available to everyone today, no more waitlist necessary.
Sources: Microsoft is helping finance AMD's AI chip expansion and working with the chipmaker on Microsoft's own processor for AI workloads, codenamed Athena  —  Microsoft Corp. is working with Advanced Micro Devices Inc. on the chipmaker's expansion into artificial intelligence processors …
Bill Peters / MarketWatch:
Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 8%+  —  'The crypto industry continues to be volatile, as evidenced most recently by the disruptions in the banking sector and ongoing regulatory uncertainty,' executives say
Erin Woo / The Information:
Sources: OpenAI's losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years  —  OpenAI's losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google …

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Earlier Picks

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