Tech Meme

Jordan Novet / CNBC: Supermicro reports preliminary Q3 revenue of $4.5B to $4.6B, vs. $5.5B est., earnings per share of $0.29 to $0.31, vs. $0.54 est.; SMCI drops 16%+ after hours  —  Super Micro shares fell as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third quarter … Lees verder op Tech Meme

Hugh Son / CNBC: SoFi plans to bring back crypto investing in 2025; SoFi chose to drop it in 2023 to get a bank charter, forcing users to Blockchain.com or to liquidate holdings  —  SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing this year after a “fundamental shift” … Lees verder op Tech Meme

CNBC: Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., and declines to provide guidance, citing macroeconomic uncertainties; SNAP drops 12%+ after hours  —  Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties … Lees verder op Tech Meme

Sarah Jacob / Bloomberg: Chipmaking equipment manufacturer ASM says orders in Q1 rose 14% YoY to €834M, vs. €808M est., but notes demand in non-AI-related segments was “sluggish”  —  Orders rose 14% from a year earlier at constant currency to €834 million ($951 million) … Lees verder op Tech Meme

Lauren Johnson / Adweek: PayPal is expanding PayPal Ads to sell programmatic ads on the open web, using shopping data from its services to help advertisers target ads  —  The payment giant is extending its ad business beyond its owned properties  —  PayPal is unleashing its advertising business on the open web. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: The latest update of GPT-4o is “now 100% rolled back” for free users and is currently rolling back for paid users, as OpenAI aims to fix the model’s sycophancy  —  OpenAI CEO Sam Altman on Tuesday said that the company is “rolling back” the latest update to the default AI model powering ChatGPT … Lees verder op Tech Meme

Lily Hay Newman / Wired: WhatsApp plans to add cloud-based AI features like message summarization and composition, utilizing a system called Private Processing to maintain data privacy  —  WhatsApp’s AI tools will use a new “Private Processing” system designed to allow cloud access without letting Meta or anyone else see end-to-end encrypted chats. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Meta says its Llama AI models have been downloaded 1.2B times, up from 1B downloads in March and 650M downloads in early December 2024  —  In mid-March, Meta said that its “open” AI model family, Llama, hit 1 billion downloads, up from 650 million downloads as of early December 2024. Lees verder op Tech Meme

John Irish / Reuters: In a first for the country, France blames Russia’s GRU for a string of local cyber attacks, including on ministries, defense firms, and think tanks  —  Figurines with computers and smartphones are seen in front of the words “Cyber Attack” in this illustration taken, February 19, 2024. Lees verder op Tech Meme

Bloomberg: The UK government publishes draft legislation on cryptoassets, set to be finalized later in 2025, and says it will work with US officials on crypto regulation  —  The UK government will collaborate with US officials on plans to regulate the burgeoning crypto industry, distancing itself … Lees verder op Tech Meme