SoftBank's Arm posts record 2021 revenue

SoftBank Group Corp's chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive Rene Haas told Reuters its business for new chip designs indicates a strong outlook. https://ift.tt/3Zp680L

Google and Samsung announce Health Connect to simplify connectivity between health and fitness apps and allow users to share their data across apps (Frederic Lardinois/TechCrunch)

Frederic Lardinois / TechCrunch:
Google and Samsung announce Health Connect to simplify connectivity between health and fitness apps and allow users to share their data across apps  —  At its Google I/O developer conference, Google and Samsung today announced Health Connect, a new initiative that will simplify …

Mark Zuckerberg gives an early look at mixed reality on Meta's Project Cambria headset; Meta announces Presence Platform to let developers make MR apps (Scott Stein/CNET)

Scott Stein / CNET:
Mark Zuckerberg gives an early look at mixed reality on Meta's Project Cambria headset; Meta announces Presence Platform to let developers make MR apps  —  A demo of Meta Cambria demonstrates how it blends AR and VR, while Quest 2 headsets could be used to develop apps in the meantime.  —  Scott Stein

São Paulo-based Dock, a full-stack payments and digital banking service, raises $110M led by Lightrock and Silver Lake Waterman at a $1.5B+ valuation (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch:
São Paulo-based Dock, a full-stack payments and digital banking service, raises $110M led by Lightrock and Silver Lake Waterman at a $1.5B+ valuation  —  If there's one area that has thus far felt insulated from the global venture downturn, it's infrastructure.

Q&A with crypto skeptic Molly White, who runs Web3 Is Going Just Great, on Web3's evolving problems and cultural draw, blockchain privacy issues, and more (Thomas Stackpole/HBR.org)

Thomas Stackpole / HBR.org:
Q&A with crypto skeptic Molly White, who runs Web3 Is Going Just Great, on Web3's evolving problems and cultural draw, blockchain privacy issues, and more  —  Welcome to Web3  —  What Is Web3?  —  Why Blockchain's Ethical Stakes Are So High Web3 Will Run on Cryptocurrency What a DAO Can — and Can't — Do

Tifin, a marketplace for investments in wealth and asset management, raises a $109M Series D at an $842M valuation, 18 months after raising its Series A (Anita Ramaswamy/TechCrunch)

Anita Ramaswamy / TechCrunch:
Tifin, a marketplace for investments in wealth and asset management, raises a $109M Series D at an $842M valuation, 18 months after raising its Series A  —  There's been talk throughout the venture ecosystem of a funding slowdown, but AI-powered fintech platform Tifin seems to be a clear exception.

A look at Google's "ambient computing" strategy, a bid to unify its disparate hardware lines, led by the Pixel team (David Pierce/The Verge)

David Pierce / The Verge:
A look at Google's “ambient computing” strategy, a bid to unify its disparate hardware lines, led by the Pixel team  —  Making ambient computing happen is forcing Google to change how it does everything  —  The story of this year's Google I/O actually started three years ago.

Apple supplier Foxconn reports 5% jump in Q1 profit

Apple Inc supplier Foxconn reported a 5% rise in first-quarter net profit, largely in line with estimates, as chip shortages, supply chain issues and slow spending for electronics amid COVID-19 lockdowns in China curbed demand. https://ift.tt/FLJGh37

Why Tesla has recalled 1,30,000 vehicles

The recall covers Tesla's S and X from the 2021 and 2022 model years and its 3 and Y from the 2022 model year. https://ift.tt/BnuYR9v

In an interview, Gary Gensler says crypto exchanges are "commingling" services to the detriment of customers and highlights their ties with popular stablecoins (Bloomberg)

Bloomberg:
In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights their ties with popular stablecoins  —  Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …

Elon Musk's tweets about securing funding to take Tesla private "inaccurate and reckless": US court

A court said that Elon Musk's 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying "there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time. https://ift.tt/9ldLgyP

Kuo: Apple will switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds (Sami Fathi/MacRumors)

Sami Fathi / MacRumors:
Kuo: Apple will switch to USB-C for the iPhone 15 in the second half of 2023, improving transfer and charging speeds  —  Apple will ditch its proprietary Lightning port and switch to USB-C on all or possibly some models of the iPhone 15 lineup destined to launch in the second half of 2023, Apple analyst Ming-Chi Kuo said today.

Google paying over 300 EU publishers for news content: Report

Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. https://ift.tt/DuVKjG0

A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation (Stacy-Marie Ishmael/Bloomberg)

Stacy-Marie Ishmael / Bloomberg:
A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation  —  Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.

Sony's Q4 operating profit more than doubles

Japan's Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and network services business. https://ift.tt/QRfjY3v