Intel reports steep drop in Q1 revenue, looks for stability in 2nd half of year

Citing steep drops for its Client Computing Group and Data Center and AI groups, Intel reported Q1 revenue of $11.7 billion, down 36% year over year. First-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.66); non-GAAP EPS attributable to Intel was $(0.04).Despite challenges, Intel said it now expects some modest recovery in the second half of the year along with increasing stability in the PC market as inventory corrections...

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AWS sales increased 16% y-o-y in Q1, operating income drops 21%

AWS  sales increased 16% year-over-year in Q1 2023 to reach $21.4 billion, representing 16% of Amazon.com overall revenue for the quarter. Q1 operating income for AWS amounted to $5.123 billion, down 21% year-over-year and down 26% when adjusting for constant currency.Andy Jassy, Amazon CEO, states "while our AWS business navigates companies spending more cautiously in this macro environment, we continue to prioritize building long-term...

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T-Mobile US posts growth in customers and profitability, raises guidance

T-Mobile US reported Q1 service revenues of $15.5 billion, up 3% year-over-year, including postpaid service revenue growth of 6% year-over-year.Net income of $1.9 billion grew 172% year-over-year and diluted earnings per share (“EPS”) of $1.58 grew 177% year-over-year."T-Mobile’s focused execution against our intentional growth plan delivered best-in-class postpaid and broadband customer and profitability growth in Q1 that gave us confidence to raise...

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POET Technologies intros light source for AI applications

POET Technologies introduced a packaged light source solution for AI applications. POET’s Starlight products integrate active components like lasers and certain other passive optical and electrical components into the optical interposer to provide a complete light source solution that can be integrated on a host board and connected to chips and ASICs with built-in silicon photonics.  POET achieves its low-cost solution through the use of...

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Google Cloud Security AI Workbench leverages LLMs

Google Cloud introduced a security platform powered by specialized large-language-model (LLM) artificial intelligence.Google Cloud Security AI Workbench addresses three top security challenges: threat overload, toilsome tools, and the talent gap. The platform le customers make their private data available to the platform at inference time. It is also extensible for third-party security tools.https://cloud.google.com/blog/products/identity-securi...

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Vodafone appoints Margherita Della Valle as Group CEO

 Vodafone has appointed Margherita Della Valle as its new Group Chief Executive.Della Valle currently serves as the company's CFO. Her previous roles within Vodafone were Deputy Chief Financial Officer from 2015 to 2018, Group Financial Controller, Chief Financial Officer for Vodafone’s European region and Chief Financial Officer for Vodafone Italy. She joined Omnitel Pronto Italia - which later became Vodafone Italy - in 1994 and held various...

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