Rubrik reports Q1 revenue up 38% YoY to $187.3M, above $171.5M est., and ARR up 46% YoY to $856.1M, in the cybersecurity company's inaugural post-IPO earnings (Charles Gorrivan/Bloomberg)

Charles Gorrivan / Bloomberg:
Rubrik reports Q1 revenue up 38% YoY to $187.3M, above $171.5M est., and ARR up 46% YoY to $856.1M, in the cybersecurity company's inaugural post-IPO earnings  —  - Rubrik's revenue and subscription revenue both beat forecasts  — Firm went public at a volatile time for cybersecurity firms

UAE Minister of AI and Digital Economy Omar Al Olama says fears over China using Middle Eastern countries to overcome US sanctions on AI chips are "valid" (Tobias Mann/The Register)

Tobias Mann / The Register:
UAE Minister of AI and Digital Economy Omar Al Olama says fears over China using Middle Eastern countries to overcome US sanctions on AI chips are “valid”  —  But we're America's friends, insists Omar Al Olama  —  Fears that China could be using Middle East countries as a proxy …

UAE-based Tenderd, which uses AI to help reduce emissions, raised $30M led by Danish firm A.P. Moller, following a Peter Thiel-backed $5.8M seed in 2019 (Fahad Abuljadayel/Bloomberg)

Fahad Abuljadayel / Bloomberg:
UAE-based Tenderd, which uses AI to help reduce emissions, raised $30M led by Danish firm A.P. Moller, following a Peter Thiel-backed $5.8M seed in 2019  —  - Oil giant set up Wa'ed Ventures to invest in tech startups  — Tenderd says Aramco, Maersk are potential new customers

Apple's OpenAI partnership took up just two minutes of its one hour and 45 minute WWDC keynote, as the company focused on its own Apple Intelligence products (Nick Turner/Bloomberg)

Nick Turner / Bloomberg:
Apple's OpenAI partnership took up just two minutes of its one hour and 45 minute WWDC keynote, as the company focused on its own Apple Intelligence products  —  Apple's keynote presentation at its Worldwide Developers Conference lasted more than an hour and 45 minutes, but only about two minutes were devoted to OpenAI's ChatGPT.

Raspberry Pi jumps by up to 39% on its London trading debut, hitting a £542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024 (Stephanie Stacey/Financial Times)

Stephanie Stacey / Financial Times:
Raspberry Pi jumps by up to 39% on its London trading debut, hitting a £542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024  —  Listing set to give creator of low-cost computers a market valuation above £542mn

Sources: Shein recorded $32.2B in sales in 2023, up 40% YoY, compared with 37% YoY growth in 2022, and doubled its net profit to $1.6B, for a 5% profit margin (Jing Yang/The Information)

Jing Yang / The Information:
Sources: Shein recorded $32.2B in sales in 2023, up 40% YoY, compared with 37% YoY growth in 2022, and doubled its net profit to $1.6B, for a 5% profit margin  —  China-founded fast fashion giant Shein lifted its net profit margin even as it posted slightly faster revenue growth in 2023 …