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Apple’s Q2 revenue rose 15.3% YoY in Asia-Pacific, business in India grew by “very strong double digits”, but sales fell 2.9% in Greater China and 7.1% in Japan (Yifan Yu/Nikkei Asia)

Yifan Yu / Nikkei Asia: Apple’s Q2 revenue rose 15.3% YoY in Asia-Pacific, business in India grew by “very strong double digits”, but sales fell 2.9% in Greater China and 7.1% in Japan  —  iPhone maker logs double-digit growth in India, says market at ‘tipping point’  —  Asia-Pacific, outside of Japan …

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Block reports Q1 revenue up 26% YoY to $4.99B, vs. $4.6B est., Square gross profit up 16% YoY to $770M, and Cash App gross profit up 49% YoY to $931M (Emily Bary/MarketWatch)

Emily Bary / MarketWatch: Block reports Q1 revenue up 26% YoY to $4.99B, vs. $4.6B est., Square gross profit up 16% YoY to $770M, and Cash App gross profit up 49% YoY to $931M  —  Company raises full-year forecast on a profit metric  —  Block Inc. posted a big beat on an adjusted earnings metric

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DataStax’s new LunaML to support Kaskada deployment

Database-as-a-service (DBaaS) provider DataStax is releasing a new support service for its open-source based unified events processing engine, Kaskada, that is aimed at helping enterprises build real-time machine learning applications. Dubbed LunaML, the new service will provide customers with “mission-critical support and offer options for incident response time as low as 15 minutes,” the company said,

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Apple reports Q2 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 5.5% YoY to $20.9B and its board approves a $90B share buyback (Todd Spangler/Variety)

Todd Spangler / Variety: Apple reports Q2 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 5.5% YoY to $20.9B and its board approves a $90B share buyback  —  But the tech giant topped Wall Street expectations and its services business hit a new record for sales, while iPhone revenue also

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Delivering Memorable Customer Experience for All Age Groups With Digital Banking

During the pandemic, the ways we accessed and managed our money transformed. To be sure, in-person banking was dropping in popularity even before the start of the pandemic, while digital platforms were seeing a slow and steady rise: About 4 million users joined the digital banking world each year between 2017 and 2019, according to Statista. Though their popularity was beginning to wane, brick-and-mortar branches

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Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 8%+ (Bill Peters/MarketWatch)

Bill Peters / MarketWatch: Coinbase reports Q1 revenue down 34% YoY to $772.5M, vs. $655M est., net loss down 82% YoY to $78.9M, $145B in trading volume, vs. $147.7B est.; COIN jumps 8%+  —  ‘The crypto industry continues to be volatile, as evidenced most recently by the disruptions in the banking sector and ongoing regulatory

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Sources: OpenAI’s losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years (Erin Woo/The Information)

Erin Woo / The Information: Sources: OpenAI’s losses roughly doubled to ~$540M in 2022, and Sam Altman privately suggested the company may try to raise as much as $100B in the coming years  —  OpenAI’s losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google …

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Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B (Apple)

Apple: Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B  —  Services revenue reaches new all-time high iPhone revenue sets March quarter record  —  CUPERTINO, CALIFORNIA Apple today …

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Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B (Kif Leswing/CNBC)

Kif Leswing / CNBC: Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B  —  – Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street’s soft expectations for sales and revenue …

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Mozilla expands its Mastodon instance to a private beta with strict moderation, saying the company is “not building another self-declared ‘neutral’ platform” (David Pierce/The Verge)

David Pierce / The Verge: Mozilla expands its Mastodon instance to a private beta with strict moderation, saying the company is “not building another self-declared ‘neutral’ platform”  —  If you want to be a member of Mozilla.Social, Mozilla’s new Mastodon instance, you’re not allowed to harass other users.

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ServiceNow, Hugging Face’s free StarCoder LLM takes on Copilot, CodeWhisperer

ServiceNow and Hugging Face are releasing a free large language model (LLM) trained to generate code, in an effort to take on AI-based programming tools including  Microsoft-owned GitHub Copilot, Google’s Bard AI and Amazon CodeWhisperer. Dubbed StarCoder, the open-access and royalty-free model can be deployed to bring pair‑programing and generative AI together with capabilities like

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Lyft reports Q1 revenue up 14% YoY to $1B, net loss of $187.6M vs. $196.9M YoY, and active riders up 9.8% YoY to 19.5M; LYFT drops 13%+ on weak Q2 guidance (Akash Sriram/Reuters)

Akash Sriram / Reuters: Lyft reports Q1 revenue up 14% YoY to $1B, net loss of $187.6M vs. $196.9M YoY, and active riders up 9.8% YoY to 19.5M; LYFT drops 13%+ on weak Q2 guidance  —  Lyft Inc’s (LYFT.O) forecast second-quarter revenue and core profit below estimates on Thursday amid tough competition from larger rival

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DoorDash reports Q1 revenue up 40% YoY to $2.04B, vs. $1.93B est., a $162M net loss, vs. $167M in Q1 2022, and total orders up 27% YoY to 512M (Denny Jacob/Wall Street Journal)

Denny Jacob / Wall Street Journal: DoorDash reports Q1 revenue up 40% YoY to $2.04B, vs. $1.93B est., a $162M net loss, vs. $167M in Q1 2022, and total orders up 27% YoY to 512M  —  Food-delivery company’s revenue grows 40% to $2.04 billion, topping Wall Street estimates  —  DoorDash sales surged in the latest

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Sources: Microsoft is helping finance AMD’s AI chip expansion and working with the chipmaker on Microsoft’s own processor for AI workloads, codenamed Athena (Bloomberg)

Bloomberg: Sources: Microsoft is helping finance AMD’s AI chip expansion and working with the chipmaker on Microsoft’s own processor for AI workloads, codenamed Athena  —  Microsoft Corp. is working with Advanced Micro Devices Inc. on the chipmaker’s expansion into artificial intelligence processors …

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Sources: Google, which published AI papers prolifically, in February moved to sharing only after the work had been productized, due to OpenAI’s ChatGPT launch (Washington Post)

Washington Post: Sources: Google, which published AI papers prolifically, in February moved to sharing only after the work had been productized, due to OpenAI’s ChatGPT launch  —  For years the tech giant published scientific research that helped jump-start its competitors.  But now it’s lurched into defensive mode.

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