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Cisco reports Q1 revenues of $13.16B, up 1% YoY, and Infrastructure Platforms revenue of $7.54B, down 1% YoY; stock down ~5% after hours on weak Q2 guidance (Jordan Novet/CNBC)

Jordan Novet / CNBC: Cisco reports Q1 revenues of $13.16B, up 1% YoY, and Infrastructure Platforms revenue of $7.54B, down 1% YoY; stock down ~5% after hours on weak Q2 guidance  —  Cisco shares fell as much as 6% after the close of trading on Wednesday after the company gave fiscal second-quarter earnings that came

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Oculus CTO John Carmack says he is stepping down but will remain as a "consulting CTO", will work on an artificial general intelligence, as a personal project (Janko Roettgers/Variety)

Janko Roettgers / Variety: Oculus CTO John Carmack says he is stepping down but will remain as a “consulting CTO”, will work on an artificial general intelligence, as a personal project  —  One of the driving forces behind Facebook’s virtual reality efforts is leaving his post: Oculus CTO John Carmack … Oculus CTO John Carmack

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Sources: SoftBank's Yahoo Japan is in talks about merging with Naver's Line, Japan's leading chat app, creating a SoftBank subsidiary with 100M+ users in Japan (Nikkei Asian Review)

Nikkei Asian Review: Sources: SoftBank’s Yahoo Japan is in talks about merging with Naver’s Line, Japan’s leading chat app, creating a SoftBank subsidiary with 100M+ users in Japan  —  CEO draws inspiration from his most successful investment  —  TOKYO — Undeterred by a huge loss on U.S. office-sharing platform WeWork … Sources: SoftBank's Yahoo Japan

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SpongeBob Squarepants spinoff may head to Netflix in new massive deal with Nickelodeon

A new SpongeBob Squarepants spinoff described as a “music-based project” centered around Spongebob’s iconic neighborhood octopus Squidward is heading to Netflix, according to The New York Times. The show is reportedly part of a new multi-year deal between Nickelodeon and Netflix that was confirmed earlier today, one estimated at a reported $200 million. The deal

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Investigation into Huawei's Safe City program, which pairs cameras with analysis software in 50+ countries, shows Huawei has overstated drops in crime (Sheridan Prasso/Bloomberg)

Sheridan Prasso / Bloomberg: Investigation into Huawei’s Safe City program, which pairs cameras with analysis software in 50+ countries, shows Huawei has overstated drops in crime  —  Islamabad’s Emergency Command Center, located in a blast-resistant building on a highway outside Pakistan’s capital, has a video wall with 72 screens for 1,950 surveillance cameras. Investigation into

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