Sony’s PS5 sales plummet amid price rises and a memory crisis
… Sony also revealed that during the last financial year it has recorded a $765 million impairment cost against Bungie, the struggling studio behind Destiny 2 and Marathon. …
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Spirit Airlines shuts down after Trump’s war on Iran doubled jet fuel prices
… Unfortunately, despite the Company’s efforts, the recent material increase in oil prices and other pressures on the business have significantly impacted Spirit’s financial outlook. …
Why is Apple asking me to pay more for Big Tech’s AI obsession?
… Lightman points to Apple’s lagging behind in the AI race, the uncertainty around installing a new CEO in John Ternus, and the lack of a hit new product category as putting pressure on the company. “There’s a lot of things that investors can really beat them up on,” he said, and “if they’re going to… …
If Google can’t make AI agents useful, maybe no one can
… Compared to dedicated AI companies under increasing financial pressure, it’s able to at least temporarily subsidize costs to attract users. …
Science
… The $140 million funding round, led by Thiel, values Panthalassa at nearly $1 billion, according to the Financial Times . …
Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
… Oracle’s previous chief executive officer, Safra Catz, was skeptical of the financial benefits of the cloud. It had lower margins and required costly data centers, Bloomberg reported, citing employees who’d heard Catz’s reservations. …
Chips
… Here’s yet another manufacturing pressure we have the AI chip boom to thank for: glass cloth. …
How David Sacks crashed and burned in the White House
… And third, David Sacks was pushed out of his job as the AI and crypto czar, giving Silicon Valley one less mechanism to pitch an industry-friendly, “innovation-at-all-costs” agenda to Trump himself. …
Space
… Exclusive: SpaceX targets in-house GPUs as it warns investors of chip supply, costs Reuters Thomas Ricker Apr 22 AST SpaceMobile goes legit. …
All the evidence revealed so far in Musk v. Altman
… They also hope to raise significantly more than $100 million to start, as they worry the data center they need alone would cost that much. …