Meta stock fell 8% on Thursday after juries in two US trials found the company failed to adequately warn or protect young users
Harshita Mary Varghese /Reuters:
T-Mobile expands its Starlink satellite service to support WhatsApp, Google Maps, X, and other apps, after launching it in July with basic features like SMS
Harshita Mary Varghese / Reuters :
Atlassian acquires developer productivity insight platform DX for $1B in cash and restricted stock; DX has 350+ enterprise customers and raised less than $5M
Welcome to Cautious Optimism, a newsletter on tech, business, and power. Supriya Roy / Times of India : Atlassian to acquire engineering intelligence firm DX in $1 bn deal Larry Dignan / Constellation...
CoreWeave says it has signed a new $6.3B order with Nvidia that guarantees Nvidia will purchase any cloud capacity not sold to customers through April 13, 2032
Skeptics See 90% Downside Georgia Butler / DatacenterDynamics : Nvidia to purchase unsold compute capacity from CoreWeave for $6.3bn CoinDesk : CoreWeave Stock Climbs 5% After $6.3B Cloud Capacity Dea...
Roblox hires Paramount's Naveen Chopra as its new CFO, effective June 30; Chopra previously held senior roles at Amazon and served as CFO at Pandora and TiVo
When it comes to video game companies, one of the most important things … Nabaparna Bhattacharya / Benzinga : Roblox Hires Paramount's CFO: Will Naveen Chopra Fuel The Platform's Next Big Leap? Jennif...
CrowdStrike reports Q1 revenue up 20% YoY to $1.1B, in line with est., forecasts Q2 revenue below est., and approves an up to $1B share buyback; CRWD drops 6%+
Harshita Mary Varghese / Reuters :
Microsoft says it is on track to invest ~$80B in FY 2025 to build out datacenters to train AI and deploy AI and cloud apps, with 50%+ of the spending in the US
plans to spend tens of billions of dollars to build out AI data center … Rounak Jain / Benzinga : Microsoft To Invest $80 Billion In AI Data Centers For Fiscal 2025 Minh Le / Tech in Asia : Microsoft ...
Meta rolls out three new Ray-Ban Meta features: “live AI” for videos and live translations for Early Access Program members, and Shazam for US and Canada users
What's Next, Therapist? Markus Kasanmascheff / WinBuzzer : Meta Ray-Ban Smart Glasses Add Live AI and Translation Alan Martin / Tom's Guide : Meta is putting Shazam and AI into its Ray-Ban smart glass...
GlobalFoundries reports Q3 revenue down 6% YoY to $1.7B and expects Q4 revenue of $1.8B-$1.85B, vs. $1.8B est., driven by smartphone chip demand; GFS jumps 11%+
Harshita Mary Varghese / Reuters :
A massive outage has affected Verizon customers since around 10AM ET, according to reports on Downdetector from subscribers across the US
live updates and what to do with iPhone in SOS Mayank Parmar / BleepingComputer : Verizon outage: iPhones, Android devices stuck in SOS mode Avery Lotz / Axios : Thousands of Verizon outages reported ...