Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.,; cloud and networking, like AI servers, was 34% of its Q1 revenue — The company still expects AI servers to be a growth driver this year — Foxconn Technology Group reported strong first-quarter results …
SoftBank reports Q4 net profit up 124% YoY to ~$3.5B, a surprise profit and above a ~$182M loss est., due to improving valuations of Alibaba, T-Mobile, and more — Analysts had predicted a small quarterly loss at Japanese tech investment group — Roula Khalaf, Editor of the FT …
How President Trump is leveraging the US' dominance in AI chips to secure strategic deals with Middle Eastern oil-rich countries like Saudi Arabia and the UAE — As the president heads to the Middle East, America's dominance over A.I. chips has become a powerful source of leverage for the president.
How India aims to become a regional data center hub, leveraging its low energy pricing and AI-skilled workforce; power supply constraints pose a major challenge — Domestic demand is rising fast and international cloud providers are looking to expand footprints — Krishn Kaushik and Chris Kay in Chennai
Q&A with Whitney Wolfe Herd about returning as Bumble CEO, Tinder lawsuit, being bullish about using AI in dating apps, funding for female founders, and more — Devin Oktar Yalkin for The New York Times — It feels like a lifetime ago, but when Whitney Wolfe Herd co-founded her first company …
As the consumer metaverse falters, the World Economic Forum projects the industrial metaverse will reach $100B by 2030, led by platforms like Nvidia Omniverse — Forget Mark Zuckerberg's vision of VR meetings; the industrial metaverse bridges digital and physical worlds in a way that's actually useful.
Sources: OpenAI is negotiating with Microsoft to enable a future IPO; Microsoft offers to cut its equity stake for continued access to OpenAI tech beyond 2030 — High-stakes talks to revise terms of multibillion-dollar partnership are key to plans to adopt for-profit model
Q&A with Anthropic co-founder Jack Clark on the parts of the economy AGI will affect last, why he's relatively bearish on AI-fueled economic growth, and more — And the inevitable future of AI-enhanced parenting — SUBSCRIBE - Apple - Google - Stitcher - Spotify - YouTube
Pope Leo XIV says he chose his name to honor Pope Leo XIII's work during the first industrial revolution, as AI poses challenges in a new industrial revolution — Pope Leo XIV indicated on Saturday that his papacy will follow closely in the footsteps of the late Pope Francis …
The UK stopped asking Uber to pay VAT on the full cost of rides, instead collecting VAT only on its commission, after a setback in a similar dispute with Bolt — HMRC has stopped demanding ridesharing company pay VAT on the full cost of rides after legal setback in related matter
A look at Microsoft's Threat Intelligence Center, staffed largely by ex-intelligence and military personnel, which has become a key pillar of US cyber defense — Over the past decade, the software company has become a pillar of US cyber defenses — a position that could become more complicated under Trump.
A study finds that asking LLMs to be concise in their answers, particularly on ambiguous topics, can negatively affect factuality and worsen hallucinations — Turns out, telling an AI chatbot to be concise could make it hallucinate more than it otherwise would have.
How Apple's extraordinary measures to keep its App Store commissions after the Epic v. Apple trial led to a civil contempt ruling and weakened its credibility — Court documents show the company commissioned a sham report and lied on the stand to justify its actions, which will cast a shadow over future lawsuits.
Sources: CoreWeave plans to raise ~$1.5B through a high-yield bond offering, aiming to refinance part of its massive liabilities, weeks after a muted IPO — AI data centre provider returns to investors with potential bond offerings that could reduce cost of borrowing
Appfigures estimates Apple's US App Store revenue from commissions was ~$10.1B in 2024, more than doubling from ~$4.76B in 2020 — Over $10 billion — that's how much revenue Apple's U.S. App Store raked in last year, according to a new analysis by app intelligence provider Appfigures.
New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...
