Tech Meme

Ina Fried / Axios: Tim Cook says Apple views AI as “huge” but there are “a number of issues that need to be sorted”, and doesn’t expand on how it plans to use AI in its products  —  Tim Cook said Thursday that AI is “huge” but cautioned that there are “a number of issues that need to be sorted” … Lees verder op Tech Meme

Emily Bary / MarketWatch: Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 8%+  —  Company raises full-year forecast on a profit metric  —  Block Inc. posted a big beat on an adjusted earnings metric … Lees verder op Tech Meme

Todd Spangler / Variety: Apple reports Q2 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 5.5% YoY to $20.9B and its board approves a $90B share buyback  —  But the tech giant topped Wall Street expectations and its services business hit a new record for sales, while iPhone revenue also increased year-over-year. Lees verder op Tech Meme

Kif Leswing / CNBC: Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B  —  – Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street’s soft expectations for sales and revenue … Lees verder op Tech Meme

Erin Woo / The Information: Sources: OpenAI’s losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years  —  OpenAI’s losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google … Lees verder op Tech Meme

Denny Jacob / Wall Street Journal: DoorDash reports Q1 revenue up 40% YoY to $2.04B, vs. $1.93B est., net loss down 3% YoY to $162M, total orders up 27% YoY to 512M, and GOV up 29% YoY to $15.9B  —  Food-delivery company’s revenue grows 40% to $2.04 billion, topping Wall Street estimates  —  DoorDash sales surged … Lees verder op Tech Meme

Akash Sriram / Reuters: Lyft reports Q1 revenue up 14% YoY to $1B, net loss down 5% YoY to $187.6M, and active riders up 9.8% YoY to 19.5M; LYFT drops 15%+ on a dismal Q2 guidance  —  Lyft Inc’s (LYFT.O) forecast second-quarter revenue and core profit below estimates on Thursday amid tough competition from larger rival Uber … Lees verder op Tech Meme

Emily Bary / MarketWatch: Block reports Q1 revenue up 26% YoY to $4.99B, vs. $4.6B est., Square gross profit up 16% YoY to $770M, and Cash App gross profit up 49% YoY to $931M  —  Company raises full-year forecast on a profit metric  —  Block Inc. posted a big beat on an adjusted earnings metric for its most recent quarter as it … Lees verder op Tech Meme

Bill Peters / MarketWatch: Coinbase reports Q1 revenue of $772.5M, down from $1.17B in Q1 2022, vs. $655M est., net loss of $78.9M, trading volume of $145B, vs. $147.7B est.; COIN up 6%+  —  ‘The crypto industry continues to be volatile, as evidenced most recently by the disruptions in the banking sector and ongoing regulatory uncertainty,’ executives say Lees verder op Tech Meme

Todd Spangler / Variety: Apple reports Q2 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 5.5% YoY to $20.9B and authorizes $90B in share buybacks  —  But the tech giant topped Wall Street expectations and its services business hit a new record for sales, while iPhone revenue also increased year-over-year. Lees verder op Tech Meme