Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours
Dean Seal / Dow Jones Newswires :
Uber names longtime executive Andrew Macdonald as president and its first COO since 2019; SVP of Delivery Pierre-Dimitri Gore-Coty is leaving after ~13 years
(Exact name of registrant as specified in its charter) Amy Thielen / Seeking Alpha : Uber appoints first COO since 2019 to help steer autonomous driving strategy Jonathan Vanian / CNBC : Uber delivery...
Nvidia starts making its Blackwell chips at TSMC's Phoenix plant and says it aims to make up to $500B of AI infrastructure in the US in the next four years
Nvidia opens first US factories Reuters : Nvidia to produce AI servers worth up to $500 billion in US over four years Taiwan News : Nvidia to invest NT$16 trillion in US AI infrastructure with Taiwane...
Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions
Intuit CEO Sasan Goodarzi sent the following note to Intuit employees today: Sheryl Estrada / Fortune : Exclusive: Intuit is laying off 1,800 employees as AI leads to a strategic shift Brandon Vigliar...
Microsoft says Russian state-sponsored hackers Midnight Blizzard accessed some of its “source code repositories and internal systems” following the January hack
and the Attack Isn't Over Pranav Dixit / Business Today : Microsoft discloses source code theft by Russian hackers Michael Kan / PCMag : Microsoft: Russian Hackers Accessed Company Source Code Jak Con...
Peloton partners with TikTok to create an exclusive, co-branded workout content hub on the short-video platform, available in the US, UK, and Canada
Dean Seal / Wall Street Journal :
Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived”
Today, our cofounder and CEO Drew Houston shared the difficult news … Emma Roth / The Verge : Dropbox is laying off 500 people and pivoting to AI Rob Thubron / TechSpot : Dropbox blames AI and the eco...