Fri. 08/02 – Intel Is Bailing Water

So, tech earnings continued to be boring. Apple was fine. Amazon was not quite so fine. And then someone we don’t cover closely really messed the bed. I’ll tell you who. Are we starting to see the first next-generation AI startups? I’ll tell you about an interesting new model. And, of course, the Weekend Longreads Suggestions.

Links:

• Amazon Beats On Earnings, Revenue Comes In Light Despite Strong Cloud Performance (Investor's Business Daily)
• Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (The Verge)
• 23andMe Board Committee ‘Disappointed’ in CEO Anne Wojcicki’s Take-Private Proposal (Bloomberg)
• Stable Diffusion creators launch Black Forest Labs, secure $31M for FLUX.1 AI image generator (VentureBeat)

Weekend Longreads Suggestions:

• A $500 Open Source Tool Lets Anyone Hack Computer Chips With Lasers (Wired)
• The AI Keeps Score (The Verge)