Tech Meme

Pete Schroeder / Reuters: The US Federal Reserve withdraws guidance requiring banks to seek regulatory approval before engaging in crypto-related activities, joining the FDIC and OCC  —  U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. Lees verder op Tech Meme

Leah Nylen / Bloomberg: US v. Google: a Yahoo executive estimates that a bid for Chrome would cost tens of billions of dollars, and says Yahoo “would be able to pursue it with Apollo”  —  – Company working to ‘revitalize’ its search engine, properties  — Yahoo official testifies at Google’s antitrust remedy trial Lees verder op Tech Meme

Edith Hancock / Wall Street Journal: The EU Commission says it banned officials from meeting with lobbyists acting on Huawei’s behalf, after the EU Parliament banned Huawei staff from its premises  —  The European Parliament had banned Huawei staff from its premises, with the commission following suit last month Lees verder op Tech Meme

Alex Heath / The Verge: Meta is laying off employees in Reality Labs  —  The cuts targeted teams working on Supernatural and other Quest apps. … Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.  —  The cuts affected teams working in Oculus Studios … Lees verder op Tech Meme

Bloomberg: Meta lays off Reality Labs staffers, affecting Oculus Studios teams; sources: 100+ staff are affected, including those involved in Meta’s hardware efforts  —  The latest round of job cuts impacted Reality Labs staff focused on creating VR experiences for Meta’s Quest headsets … Lees verder op Tech Meme

Sonali Basak / Bloomberg: Sources: Adam Neumann’s real estate startup Flow raised more than $100M from investors including a16z in a round that more than doubles its valuation to ~$2.5B  —  Adam Neumann, the former WeWork chief executive officer, raised more money for his new residential real estate company Flow … Lees verder op Tech Meme

Alphabet: Alphabet reports Q1 revenue up 12% YoY to $90.2B, net income up 46% to $34.54B, Services revenue up 10% to $77.3B, and Other Bets revenue down 9% to $450M  —  MOUNTAIN VIEW, Calif. – April 24, 2025 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2025. Lees verder op Tech Meme

Benjamin Mullin / New York Times: Ziff Davis sues OpenAI, alleging it used Ziff Davis’ content to train AI models; sources say Ziff Davis is seeking at least hundreds of millions of dollars  —  Ziff Davis, which owns more than 45 media properties, is accusing the tech company of infringing on the publisher’s copyrights and diluting its trademarks. Lees verder op Tech Meme

Reuters: Intel reports Q1 revenue flat YoY at $12.67B, vs. $12.3B est., forecasts Q2 revenue below est., and reduces its 2025 capex target; INTC drops 5%+ after hours  —  Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan’s first round … Lees verder op Tech Meme

Financial Times: The NHTSA plans to ease rules for autonomous vehicles, including loosening crash reporting requirements and simplifying approvals, in changes championed by Musk  —  National Highway Traffic Safety Administration will make it easier to get autonomous cars on the road Lees verder op Tech Meme