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Techmeme
May 2, 2024, 9:20 PM
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Top News

Apple:
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 …
Kif Leswing / CNBC:
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B  —  Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Todd Spangler / Variety:
Apple Q2: revenue from Services, which includes Apple TV+ and Apple Music, rose 14% YoY to $23.9B, vs. $23.27B estimated, an all-time record
Nikkei Asia:
Apple reports Q2 revenue down 8.1% YoY to $16.4B in Greater China, down 12.7% YoY to $6.3B in Japan, and down 17.2% YoY to $6.7B in the rest of Asia-Pacific
Natasha Lomas / TechCrunch:
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 …
Jess Weatherbed / The Verge:
Google says 400M+ Google Accounts have used passkeys since the rollout, logging 1B+ authentications, and expands passkeys to its Advanced Protection Program  —  Google is kicking off World Password Day by updating us on its efforts toward replacing the often hacked, guessed, and stolen form of authentication with passkeys.
Tom Warren / The Verge:
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 …
Sudz Niel Kar / MyHealthyApple:
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).
Jem Aswad / Variety:
Universal Music Group and TikTok strike a new music licensing deal to bring UMG music back to the platform, including “improved remuneration” and AI protections  —  The months-long standoff between Universal Music Group and TikTok over royalty payments and AI policies is finally over …
Senator Scott Wiener / @scott_wiener:
[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: 🧵
Krisztian Sandor / CoinDesk:
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 …
New York Times:
A US federal judge grills the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes  —  Judge Amit P. Mehta tried poking holes in the closing arguments of a landmark monopoly case as he weighs a ruling that could reshape tech.
The Verge:
Peloton CEO Barry McCarthy steps down, as the company lays off ~15% of its workforce, or ~400 people, its fifth cut since its 2021 peak, when it had 8,600 staff  —  Peloton's CEO Barry McCarthy is stepping down after announcing yet another round of layoffs, this time affecting about 15 percent …
Russell Brandom / Rest of World:
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.
Sergiu Gatlan / BleepingComputer:
Microsoft confirms the April 2024 Windows security updates break VPN connections across client and server platforms on Windows 11, 10, and Server 2008 or later  —  Microsoft has confirmed that the April 2024 Windows security updates break VPN connections across client and server platforms.
Molly White / Citation Needed:
As people yearn for the web's “good old days”, bringing those days back is possible with new tech, the possibility of new protocols, and more internet users  —  Listen to a voiceover of this post, download the recording for later, or subscribe to the feed in your podcast app.
Bloomberg:
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
Karissa Bell / Engadget:
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.
Kate O'Keeffe / Bloomberg:
Sources and documents: Huawei is secretly funding cutting-edge research at US universities including Harvard through an independent Washington-based foundation  —  - Chinese telecom maker is sole funder of optics competition  — Blacklisted company's role kept private by DC-based group

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:20 PM ET, May 2, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Alice Brooker / Press Gazette:
Q&A with Steve Anglesey, editor of The New World, founded as The New European after Brexit; his team of a dozen is “having a blast” growing its digital audience

More News

David Pierce / The Verge:
Rabbit R1 review: $199 is the right price, fun design, and a good mic, but the best features are all MIA, finicky and slow, and using a phone is better
More: SlashGear, Fortune, Gizmodo, and CNET
Threads: @joanwestenberg, @jonporteruk, and @rjp_iii.  Forums: r/Rabbitr1
Kalley Huang / The Information:
Some developers are releasing versions of Llama 3, which has a context window of 8K+ tokens, with longer context windows, thanks to Meta's open-source approach
Katie Roof / Bloomberg:
LA-based wealth management startup Altruist, whose software and app help with trading and more, raised a $169M Series E led by Iconiq at a $1.5B valuation

Earlier Picks

Tess Owen / Wired:
Tech Transparency Project: US extremist militias are quietly coordinating across ~200 Facebook groups and profiles, after lying low since the January 6 riot
Kyle Chayka / New Yorker:
As social media platforms pivot away from news distribution, a look at news sites like The Verge, which feel more like social media, with aggregation and more
Saritha Rai / Bloomberg:
Microsoft announces plans to invest $2.2B in cloud and AI services infrastructure in Malaysia over four years and train 200K people in AI skills in the country
Dan Goodin / Ars Technica:
Trend Micro: cybercriminals and nation-state spies are coexisting inside the same compromised name-brand routers, using the devices to disguise their attacks
Hannah Rabinowitz / CNN:
The US DOJ sentences Ukrainian national Yaroslav Vasinskyi to 13+ years in prison and orders $16M in restitution for helping REvil conduct ransomware attacks
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