The UK CMA's objection to Microsoft's Activision deal focuses on the nascent cloud gaming market, a departure from regulators focusing on mature markets
UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition in cloud gaming …
Meta reports Q1 revenue up 3% YoY to $28.6B, net income down 24% YoY to $5.7B, and family daily active people up 5% YoY to 3.02B for March 2023; META jumps 10%+
“We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
Google plans to add E2EE to Google Authenticator “down the line”, after researchers warned that its new feature to sync 2FA codes is not E2E encrypted
On Monday, Google Authenticator launched the ability to sync 2FA codes to your Google Account.
Microsoft's Brad Smith says the CMA blocking the Activision deal was “probably the darkest day in our four decades” in the UK and will be “bad for Britain”
Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
Global smartphone shipments fell 14.6% YoY to 268.6M in Q1 2023, the seventh consecutive quarter of decline; Samsung fell 18.9%, Apple 2.3%, and Xiaomi 23.5%
NEEDHAM, Mass., April 27th, 2023 - Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 …
Amazon shuts down its health-focused Halo division, discontinues its Halo Band, Halo View, and Halo Rise devices, and plans to lay off portions of the team
Amazon has decided to shutter its health-focused Halo division, The Verge has learned. Amazon has stopped selling its three Halo products …
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since 2009, revenue down 18% YoY to ~$47.6B, and a ~$3.4B loss for its chip division
Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported …
A California judge tentatively rules Elon Musk must testify about his Autopilot statements, after Musk's lawyers argued he is a subject of many deepfake videos
A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding …
Legal experts say Twitter is breaching US laws prohibiting false advertising by implying that some celebrities paid for Blue when they haven't
The law says you can't falsely claim that celebrities are paying for Twitter Blue. — Twitter's verification system debacle has had more twists …
Meta's Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022
Jonathan Vanian / CNBC :
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse
Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
Dropbox CEO Drew Houston says the company plans to lay off 16% of its staff, or ~500 employees, citing slowing growth and “the AI era of computing” arriving
Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs.
Interviews with 70+ sources describe how Facebook and Instagram have become major sales platforms for child trafficking and can often be slow to remove content
Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex Tweets: @anniekelly , @hrrbfiresafety , @gdnlo...
Apple reports European MAUs for its App Stores: iOS has 101M, iPadOS has 23M, macOS has 6M, tvOS has 1M, and watchOS, Books, and Podcasts have under 1M each
In order to comply with the European Digital Services Act, Apple has been forced to reveal the number of monthly active user …
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024
> stories —> reels (Currently we are in reels engaging like crazy but making less $$$) Mike Swift / @swiftstories : Reels #AI recommendations have driven a more than 24% increase in time spent on Inst...
Twitter has received 971 government orders globally since Musk's takeover and fully complied with 808; before Musk, Twitter's full compliance rate was ~50%
The company has not refused a single request since Musk took ownership, according to self-reported data
Sources: Germany is in talks to limit the export of chemicals used to make advanced chips to China, seeking to join US and EU allies in closing ranks on China
Germany is in talks to limit the export of chemicals to China that are used to manufacture semiconductors as Berlin steps up efforts …
Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri
Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type …
An analysis of Baidu, Bilibili, Bing, Douyin, Weibo, and other Chinese search platforms finds 60K censorship rules, implemented differently by each service
This report has an accompanying FAQ. — Key findings — Across eight China-accessible search platforms analyzed — Baidu …
London-based Standard Chartered subsidiary Zodia, which provides custody services for crypto assets, raised a $36M Series A led by Japan's SBI Holdings
Standard Chartered's spin-off crypto custodial unit Zodia Custody Ltd. closed $36 million in new funding as part of a round led by Japan's SBI Holdings …
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teens' accounts
Brian Fung / CNN :
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
Microsoft :
A profile of ASML, the most valuable tech company in Europe, as the US-China chip war escalates; ASML's next apartment-sized machine ships in 2025 for $380M+
In 1984, Martin van den Brink, a young Dutch engineer, joined a newly created venture in a quiet corner of the Netherlands. Tweets: @cagankoc , @tw_seal , @deutschjill , and @thestalwart Tweets: Cagan...
A federal appeals court upholds the dismissal of state AGs' suit against Meta, ruling that they waited too long to sue over Instagram and WhatsApp acquisitions
New York and other state attorneys general waited too long to sue Meta Platforms Inc. over its acquisitions of Instagram and WhatsApp …
NY-based Pinecone Systems, which offers vector data storage for LLMs, raised a $100M Series B led by a16z at a $750M valuation, up from $168M in February 2022
Pinecone Systems Inc., a startup whose platform supports artificial intelligence software, has raised $100 million in a funding round that values the company at $750 million.
Japan plans to provide an additional ~$1.94B in assistance to Rapidus, a government-backed chip consortium that is working with IBM to mass produce 2nm chips
Riho Nagao / Nikkei Asia :
YouTube Music contractors from Cognizant vote to unionize with the Alphabet Workers Union; Alphabet is appealing a ruling that Google is their joint employer
Josh Eidelson / Bloomberg :
Mina Lefevre, Meta's head of development and programming, is leaving amid layoffs, as the company shuts down Facebook Original series, including Red Table Talk
London-based TympaHealth, which makes hardware built around smartphones to run hearing tests, raised a $23M Series A led by Octopus Ventures
Ingrid Lunden / TechCrunch :
PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations
A Brazilian court orders a temporary ban on Telegram in the country after the company refused to share information about neo-Nazi groups with the Federal Police
Bloomberg :
Sources: DraftKings plans to launch a free, ad-supported video streaming service with videos of podcasts the company sponsors, expected to debut in coming weeks
Gerry Smith / Bloomberg :
Some users say Microsoft Edge sends URLs of visited pages to the Bing API website; a developer says Edge's creator follow option, on by default, may be to blame
how to turn it off Sean Riley / Laptop Mag : Microsoft Edge is reporting every site you visit to Bing — here's how to stop it Tobias Mann / The Register : Microsoft probes complaints of Edge leaking U...
Stock exchange operator Deutsche Boerse offers to buy Danish investment management software company SimCorp for €3.9B in cash; SimCorp had €561M in 2022 revenue
Lookout agrees to sell its consumer mobile security business to F-Secure in a deal valued at around $223M, transitioning into a “pure-play enterprise company”
Paul Sawers / TechCrunch :
Mexico-based Clara, which sells corporate spend management tools in Latin America, raised a $60M Series B+ led by GGV, after a $70M Series B in December 2021
NYC-based Katmai, which builds browser-based 3D virtual offices offering video conferencing and avatars, raised a $22M Series A led by Starr Insurance Companies
Dean Takahashi / VentureBeat :
Bosch plans to acquire US chipmaker TSI Semiconductors and invest $1.5B+ in its Roseville, California foundry to produce silicon carbide chips there from 2026
Roku reports Q1 revenue up 1% YoY to $741M, platform revenue down 1% YoY to $635M, streaming hours up 20% YoY to 25.1B, and active accounts up 17% YoY to 71.6M
Todd Spangler / Variety :
Harvey, which builds generative AI tools for law firms, raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund and others
Sara Merken / Reuters :
eBay reports Q1 revenue up 1% YoY to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and forecasts Q2 revenue guidance above estimates
Yuvraj Malik / Reuters :
Filing: a former employee alleges messaging app IRL inflated its user numbers and retaliated against him and others for raising concerns; IRL has raised $200M
Mark Matousek / The Information : Tweets: @ericnewcomer , @amir , and @amir Tweets: Eric Newcomer / @ericnewcomer : This should not just be shrugged off: Former IRL Employee Alleges Company Inflated ...
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