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Tech Meme

Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most employees in Jan. 2024; Phil Spencer says he is looking into the situation (Tom Warren/The Verge) 03-11-2023

Tom Warren / The Verge: Sources: Microsoft plans to remove the free Xbox Game Pass Ultimate benefit for most employees in Jan. 2024; Phil Spencer says he is looking into the situation  —  Microsoft is removing the free Xbox Game Pass Ultimate benefit for most of its 238,000 employees and some aren’t happy about it. Lees verder op Tech Meme

Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific (Nikkei Asia) 03-11-2023

Nikkei Asia: Apple reports Q4 revenue down 2.5% YoY to $15.1B in Greater China, down 3.4% YoY to $5.5B in Japan, and down 0.7% YoY to $6.3B in the rest of Asia-Pacific  —  iPhone sales remain robust in China and India, U.S. tech giant says  —  Apple’s main revenue driver, the iPhone … Lees verder op Tech Meme

A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024 (Jacquelyn Melinek/TechCrunch) 03-11-2023

Jacquelyn Melinek / TechCrunch: A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF’s sentencing for March 28, 2024  —  Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty … Lees verder op Tech Meme

Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $22.9B, Americas sales up 0.8% to $40.1B, Europe sales down 1.5% to $22.5B (Apple) 02-11-2023

Apple: Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $22.9B, Americas sales up 0.8% to $40.1B, Europe sales down 1.5% to $22.5B  —  iPhone revenue sets September quarter record Services revenue reaches new all-time high  —  Apple® today announced financial results … Lees verder op Tech Meme

Cloudflare reports Q3 revenue up 32% YoY to $335.6M, vs. $330.5M est., and forecasts Q4 revenue below estimates (Reuters) 03-11-2023

Reuters: Cloudflare reports Q3 revenue up 32% YoY to $335.6M, vs. $330.5M est., and forecasts Q4 revenue below estimates  —  Cloud services provider Cloudflare (NET.N) on Thursday forecast current-quarter revenue below Wall Street estimates on worries that corporate spending will remain tight triggered by economic uncertainty. Lees verder op Tech Meme

Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release (Financial Times) 02-11-2023

Financial Times: Meta, OpenAI, and others sign a non-binding document to let the US, the UK, and other nations test AI models for national security risks prior to their release  —  OpenAI, Google DeepMind and Meta among those who signed legally non-binding document at UK’s AI safety summit Lees verder op Tech Meme

Brave releases its AI assistant Leo to all desktop users and unveils Leo Premium, offering access to faster and better LLMs and higher rate limits for $15/month (Ivan Mehta/TechCrunch) 02-11-2023

Ivan Mehta / TechCrunch: Brave releases its AI assistant Leo to all desktop users and unveils Leo Premium, offering access to faster and better LLMs and higher rate limits for $15/month  —  Brave, a company building an alternative web browser, is releasing its AI-powered assistant, Leo, to all desktop users. Lees verder op Tech Meme

Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable (Reuters) 03-11-2023

Reuters: Elon Musk says Starlink is cash-flow breakeven; in 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable  —  SpaceX CEO Elon Musk said on Thursday the rocket company’s satellite internet unit, Starlink, had achieved cash flow breakeven. Lees verder op Tech Meme

Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est. (Bloomberg) 02-11-2023

Bloomberg: Coinbase reports Q3 revenue up 14% YoY to $674M, vs. $654.7M est., net loss down 99.6% YoY to $2.3M from $545M YoY, and $76B in trading volume, vs. $80.4B est.  —  Revenue increased 14% to $674 million, compared with a forecast of $654.7 million by analysts surveyed by Bloomberg. Lees verder op Tech Meme

Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 15%+ (Emily Bary/MarketWatch) 02-11-2023

Emily Bary / MarketWatch: Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 15%+  —  ‘Really what we expect to see next year is meaningful margin expansion,’ CFO says  —  Block Inc. reported better … Lees verder op Tech Meme