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Microsoft misses Q4 estimates with $51.87B in revenue, vs. $52.44B estimated, citing changing exchange rates plus challenges in the advertising and PC markets

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Microsoft’s Q4 Surface revenue increased 10% YoY, driven by commercial PC sales, as Windows OEM revenue declined 2% YoY due to PC production shutdowns in China

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Microsoft reports Q4 gaming revenue down $259M or 7% YoY, impacted by an 11% YoY revenue drop for Xbox hardware and a 6% YoY drop for Xbox content and services

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Kaspersky researchers have unpacked a malicious UEFI-based rootkit used in the wild since 2016 which can survive an OS reinstall and a hard drive replacement

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Nash, which aggregates delivery providers for businesses, has raised a $20M Series A led by Andreessen Horowitz, bringing its total raised to $27.8M

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Google says it will pause hiring for two weeks, except for offers that have already been made, after saying last week it would slow hiring for the rest of 2022

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OpenAI makes DALL-E 2 widely available in beta through a credit-based fee structure; users will get free credits every month and can buy more in $15 increments

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An interview with Alexa smart home director Marja Koopmans on how embracing the Matter standard can help Amazon realize its vision of ambient intelligence

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Research: Reddit’s brand-safety approach to monetization is cautious, labeling all subreddits as no_ads until a manual human review applies some_ads or all_ads

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Memo: Dan Wright, CEO of enterprise AI startup DataRobot, resigned after less than 1.5 years, following employee uproar over stock sales by senior executives

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WhatsApp rolls out chat migration from Android to iOS and vice versa for all users, requiring Android 5 or above, iOS 15.5 or above, and the Move to iOS app

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Mojang Studios will not support or allow NFTs, as they “create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft”

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The new Google Wallet rolls out to all users with Android 5.2+, available as a separate app in the US and Singapore and as a Google Pay update for others

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Volkswagen’s software unit Cariad partners with STMicroelectronics to co-develop semiconductors for its cross-brand single software platform

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Roblox rolls out an update to make its materials look and act more lifelike, overhauling core aspects of the visual toolkit that developers use to make games

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Tesla says a “bitcoin impairment” negatively impacted its Q2 profitability and that it sold 75% of its bitcoin, worth approximately $936M, in the quarter

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PitchBook: VCs invested ~$16B in US Series A and B rounds in Q2 2022, down 22% YoY, the biggest decline in early-stage funding since 2010, excluding Q2 2020

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House E&C advances the American Data Privacy and Protection Act in a 53-2 vote; the act would set a national standard for how tech firms handle Americans’ data

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Flip, which lets shoppers monetize purchases via posted and live video reviews, raised a $60M Series B at a ~$500M valuation, bringing its total funding to $95M

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YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel

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Capital Group cuts Instacart’s valuation to $14.7B, below the startup’s $24B calculation in March 2022, the second investor to cut the valuation in recent weeks

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Google will let non-gaming Android apps provide alternative billing systems for IAP, reducing Google’s Play Store cut by 3%, in the European Economic Area

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BitSight: a popular GPS vehicle tracker made by Shenzhen-based Micodus can be easily exploited to track and remotely cut the engines of at least 1M vehicles

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Apple agrees to pay $50M to settle a class-action lawsuit that claimed Apple knew and concealed that the butterfly keyboards on MacBooks were prone to failure

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