Tech Meme

Miles Kruppa / Wall Street Journal: Alphabet reports Q1 Google ad revenue of $54.55B, vs. $54.66B YoY, the second straight decline after a 3.6% drop in Q4 2022, and the third since going public  —  Search giant tries to jump-start growth amid volatile digital ad market and competition in AI  —  Google reported a second straight drop … Lees verder op Tech Meme

Kif Leswing / CNBC: Alphabet’s board authorizes a $70B buyback of the company’s Class A and Class C shares, the same amount the board authorized for repurchase in April 2022  —  – Google parent company Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases. Lees verder op Tech Meme

Cat Zakrzewski / Washington Post: US agency officials, including the FTC’s Lina Kahn and the EEOC’s Charlotte Burrows, commit to enforcing civil rights laws against AI systems perpetuating bias  —  Officials from multiple federal agencies say they committed to enforce existing civil rights laws against AI systems that perpetuate bias Lees verder op Tech Meme

Yueqi Yang / Bloomberg: Voyager Digital says Binance.US terminated an agreement to acquire the bankrupt crypto broker for $1B, less than a week after the US abandoned stopping the deal  —  Voyager Digital Ltd said Binance.US had terminated an agreement to purchase the bankrupt crypto broker. Lees verder op Tech Meme

Reuters: Inside Meta’s scramble to catch up on AI: slow to adopt pricey AI-ready hardware and software, scrapping a custom AI chip for a more ambitious model, and more  —  As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection … Lees verder op Tech Meme

Jordan Novet / CNBC: Microsoft reports Q3 Intelligent Cloud revenue up 16% YoY to $22.08B, vs. $21.94B est., with Azure and other cloud services revenue up 27% YoY  —  – Microsoft surpassed expectations on the top and bottom lines.  — Revenue growth from Azure slowed to 27% from 31% in the prior quarter. Lees verder op Tech Meme

Miles Kruppa / Wall Street Journal: Alphabet reports Q1 Google ad revenue of $54.55B, vs. $54.66B YoY, the second straight drop following a 3.6% drop in Q4, and the third drop since it went public  —  Search giant tries to jump-start growth amid volatile digital ad market and competition in AI Lees verder op Tech Meme

Todd Spangler / Variety: YouTube’s advertising revenue declined for the third consecutive quarter, by 2.6% YoY to $6.69B in Q1 2023, slightly beating analyst estimates of $6.6B  —  Ad sales at YouTube declined 2.6% year over year in the first quarter of 2023, to $6.69 billion.  Analysts expected it to come in at $6.6 billion, per FactSet. Lees verder op Tech Meme

Tom Warren / The Verge: Microsoft reports Q3 Windows OEM revenue down 28% YoY, devices revenue down 30% YoY, overall gaming revenue down 4% YoY, and Xbox hardware revenue down 30% YoY  —  Microsoft just posted the third quarter of its 2023 fiscal financial results.  The software maker made $52.9 billion in revenue and a net income of $18.3 billion during Q3. Lees verder op Tech Meme

Jordan Novet / CNBC: Google Cloud turns profitable for the first time on record, with a $191M operating income on $7.45B revenue in Q1 2023, vs. a $706M loss on $5.82B in Q1 2022  —  – Google said its cloud group has turned profitable on an operating basis after showing losses for more than three years. Lees verder op Tech Meme