Sony sold 6.3 million PS5 consoles in Q4 2022, up 215% year-over-year. Sony has now sold over 38.4 million PS5s since the November 2020 launch. The PS5 still has a long way to go. PS5: 38.4 million PS4: 117.2 million PS3: 87.4 million PS2: 155+ million PS: 102.49 million

Cloud spending grew 19% YoY to $63 billion in Q1 2023. That's a lot for a big market, but it's quite the slowdown from the 32% growth in Q1 2022. Amazon, Microsoft, and Google own 65% of the market. They'll do everything to keep it that way by charging less in the techcession.

Arm is going public. The IPO is set to be 2023's biggest. The UK chip design firm reportedly filed to go public on the Nasdaq, seeking to raise $8 billion to $10 billion. For its part, the Softbank subsidiary says the size and range hasn't been set yet. reuters.com/markets/deals/…

Spoiler: they wrote the bill with ChatGPT.

The Super Mario Bros. Movie has crossed $1 billion globally at the box office. Not only is it 2023's first movie to do so, it's also now the most financially successful video game movie yet. All in just 26 days -- not even a month! Nostalgia wins again. variety.com/2023/film/news…

Automattic drops Twitter. The company's WordPress plugin JetPack will no longer automatically tweet blog posts. Why? "Twitter decided, on short notice, to dramatically change the terms and pricing of the Twitter API." 43.2% of websites use WordPress. jetpack.com/blog/the-end-o…

Apple and Google have submitted a proposed industry specification to help combat unwanted location tracking by Bluetooth devices. They're asking for input from other companies. Tech companies love to launch first and deal with the consequences later. cnbc.com/2023/05/02/app…

Microsoft shoots itself in the foot, again. Outlook and Teams will soon ignore the default browser and open certain links in Edge side by side. Edge is arguably a better browser than Chrome. But Microsoft pissing off its users ensures Edge keeps losing. theverge.com/2023/5/3/23709…

Microsoft Chief Economist Michael Schwarz says AI "clearly" must be regulated. Why? "I am confident AI will be used by bad actors, and yes it will cause real damage." But he says lawmakers should wait until AI causes "real harm" before enacting rules. bloomberg.com/news/articles/…

This is a direct response to Google inventing Transformers, or the T in ChatGPT

Google is terrified of OpenAI. Are its worries misplaced? A critique by Google senior software engineer Luke Sernau argues that open-source AI is the company's real threat, not OpenAI. Betting on open source has helped Google take on Microsoft before... bloomberg.com/news/articles/…

Warning! VC narrative violation 🚨 99% of board meetings are a massive waste of time & resources. 🧵attentive 💬 founder Brian C. Long + I reveal: Why CEOs shouldn’t keep their board in the dark & how to turn board meetings from CEO pageantry into the MOST valuable 3hrs/quarter