Alphabet reports Q1 revenue up 12% YoY to $90.2B, net income up 46% to $34.54B, Services revenue up 10% to $77.3B, and Other Bets revenue down 9% to $450M
MOUNTAIN VIEW, Calif. - April 24, 2025 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2025.
US v. Google: OpenAI's ChatGPT chief Nick Turley says the company would be interested in buying Chrome from Google if a federal court orders it to be spun off
OpenAI would be interested in buying Google's Chrome browser if a federal court orders it to be spun off, the head of ChatGPT said in a court hearing Tuesday.
FTC v. Meta: the US argued Meta has a monopoly in the “personal social networking” market, which it claims includes only Instagram, WhatsApp, Snapchat, and MeWe
The government wants to show the Meta CEO bought Instagram and WhatsApp to snuff out social media competition.
FTC v. Meta: in opening arguments, FTC lawyers accuse Meta of a “buy-or-bury strategy” to cement a social networking monopoly by buying Instagram and WhatsApp
How is this even a question! [image] Kyung Sook / @kyungsookl : I didn't understand why facebook suddenly reversed course, allowed DJT to return to facebook and Zuckerberg attended...
Sources: Zuckerberg told Stephen Miller that he would do nothing to obstruct Trump's agenda and blamed Sheryl Sandberg for an inclusivity initiative at Facebook
Stephen Miller was the architect of Donald J. Trump's hard-line immigration agenda in his first term.
Source: Meta CTO Andrew Bosworth told staff that some of Meta's changes were “pretty ham-fisted, borderline unintentional” and Meta is planning some corrections
Kalley Huang / The Information : Bluesky: @abunchofmalarkey . Threads: @firerock31 . X: @amir Bluesky: @abunchofmalarkey : Nothing to worry about. There are only 3 billion facebo...
Meta donates $1M to President-elect Trump's inaugural fund; sources say Mark Zuckerberg gifted Ray-Ban Meta smart glasses to Trump at Mar-a-Lago on November 27
President-elect had blasted the tech tycoon during the presidential campaign, but ties have been improving
Rivian and VW finalize a software development joint venture; VW has invested $1B of its planned up to $5.8B by 2027 in the JV designed to be a 50-50 partnership
To celebrate its recent coupling, Volkswagen … João da Silva / BBC : VW launches $5.8bn tie-up with Tesla rival Rivian Edwin Lopez / Automotive Dive : Volkswagen, Rivian launch the...
Elon Musk unveils a Tesla Cybercab prototype, claims “you will be able to buy one” for under $30K, and expects the robotaxi to be in production “before 2027”
1,028,294 viewsStreamed live 6 hours ago — Lady: “I want two drinks” … Gabe Lerman / Pivot to AI : Elon's double nothingburger: robotaxis any year now, bro. And robots, bro. Trus...
Experts question the feasibility of Tesla's robotaxi plan, getting scale without rideshare partners, and cite Musk's history of missed FSD dates; TSLA down 7%+
- Tesla's driverless taxi plan has been met with skepticism over its feasibility and competition with rivals.
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B
Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses
Bloomberg :
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B
Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses
Bloomberg :
OpenAI CTO Mira Murati says she is leaving the company after 6.5 years “because I want to create the time and space to do my own exploration”
- OpenAI's board is considering plans to restructure the firm to a for-profit business … OpenAI's board is considering plans …
Sources detail how Elon Musk undermined CEO Linda Yaccarino's efforts to repair X's business over the past year; X's US revenue fell 53% YoY to $114M in Q2
Linda Yaccarino, the C.E.O. of X, has worked hard to bring back advertisers and fix the platform's business.
A look at the flood of “fancam” Kamala Harris videos and memes on short-form video platforms, echoing the “meme armies” that backed Donald Trump's campaigns
A grassroots network of TikTok creators, energized by the new likely Democratic nominee …
Sources: Meta has held discussions with Apple to integrate its AI model with Apple Intelligence; Anthropic and Perplexity also discussed integrations with Apple
The longtime rivals have held talks about potentially integrating Meta's generative AI model into Apple Intelligence
Internal memo: Meta merges its Reality Labs teams into the “Metaverse” product group that now includes Quest, and the AR product group, now called “Wearables”
wearables experts have said for years that a key to making an on-face wearable a success is making it as light/comfortable/useful as... well... a pair of glasses. Alex Heath / @ale...