Sources: Nvidia told Microsoft, and another large cloud provider, that its new Blackwell AI chips will be delayed by three months or more due to design flaws
Nvidia's upcoming artificial intelligence chips will be delayed by three months or more due to design flaws …
Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
should investors consider buying? Kathleen Gallagher / Business Post : Shares in Meta plummet as it forecasts spending spree TJ Denzer / Shacknews : Facebook (META) issues Q2 2024 ...
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B on average for March 2024
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
[Thread] A look at a report from FTX debtors on the company's control failures, like awful recordkeeping, lying about using cold wallets, and sloppy key storage
Document #1242, Attachment #1 Mark Timmis / Coinmonks : Curious Cryptos' Commentary 10th April 2023 — FTX FTX : FTX Debtors Release Report on FTX Group's Control Failures Martin Yo...
[Thread] A look at a report from FTX debtors on the company's control failures, like awful recordkeeping, lying about using cold wallets, and sloppy key storage
The new team in charge of the FTX bankruptcy have released their first interim report on the failures of control at FTX and related businesses. It's 43 pages long, let's go through...
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Samsung reports a ~$1.38B mobile profit in Q4, down from ~$2.15B in Q4 2021, and says its 2023 chip investment will be similar to 2022, in contrast to rivals
Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand
South Korean tech giant's slump expected to continue in first half of this year — SEOUL — Samsung Electronics said Tuesday …
Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand
South Korean tech giant's slump expected to continue in first half of this year — SEOUL — Samsung Electronics said Tuesday …
Samsung reports a ~$1.38B mobile profit in Q4, down from ~$2.15B in Q4 2021, and says its 2023 chip investment will be similar to 2022, in contrast to rivals
A spreadsheet SBF used in November lists nearly 500 alleged VC investments by Alameda, including in Circle, Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage
Sources: FTX reached late stage negotiations with Taylor Swift for a $100M+ sponsorship deal, supported by Swift fan SBF but opposed by some FTX executives
Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points
European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Report: Amazon's hardware group is on track to lose $10B in 2022, as many Echo devices are sold at cost and plans to monetize Alexa have failed
Layoffs reportedly hit the Alexa team hard as the company's biggest money loser. — Amazon is going through the biggest layoffs …
Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO
- Michael Saylor is set to step down from his role as CEO and become an executive chairman.
Memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping; SHOP drops 14%+
CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting — Shopify Inc. SHOP -16.29%▼ …
In Germany, South Korea, and other countries, BMW starts selling subscriptions or charging one-time fees to unlock heated seats, engine sound options, and more
Sources: the US is lobbying the Netherlands to ban ASML from selling its older deep ultraviolet lithography systems for making less-advanced chips to China
The US is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk …
In a report, Chinese cybersecurity company Pangu Lab says the NSA is behind the Equation Group and Bvp47, a hacking tool in use for the past 10 years
A Chinese security firm released a detailed report about what it says is malware created by Equation Group, a hacking group widely believed to be the NSA. Source: Pangu Lab and Sla...