Alphabet engineer claims OpenAI and Google will lose AI moat, Apple & DoorDash earnings

In a leaked document, a senior software engineer at Alphabet claimed that both Google and OpenAI would lose their moats in AI to open-source solutions - Link

Apple Q2 earnings: revenue: $94.8B (-3% y/y); product revenue: $73.9B (-4% y/y), services revenue: $20.9B (+5% y/y); net income: $24.1B (-3% y/y); total current and non-current cash and securities: ~$166.4B; shares were up over 4% after beating on the top-line and bottom-line - Link

DoorDash Q1 earnings: revenue: $2B (+40% y/y), total orders: 512M (+27% y/y), gross order volume: $15.9B (+29% y/y), net loss: -$162M; shares were flat after earnings - Link

The Information sources: OpenAI's losses hit ~$540M in 2022 while building ChatGPT; CEO Sam Altman also privately hinted at raising up to $100B to develop artificial general intelligence; the company expects to surpass its $200M revenue projection for 2023 - Link

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Airbnb CEO and Co-Founder Brian Chesky joins Jason to tell the story of Airbnb's early startup struggles (1:29) and discuss how the company has restructured operations to heighten focus on the product and its customers (16:05). They dive into addressing customer complaints, hyper-focused marketing, the AI opportunity for Airbnb, and much more (40:26). - Link

Slack announced new AI features, enabling better workflows with integrations like SlackGPT, which will provide AI-generated conversation summaries and writing assistance, and Salesforce's EinsteinGPT - Link

Bloomberg sources: Microsoft is collaborating with AMD to develop AI chips, despite the company denying AMD's involvement in its internal chip-building project, codenamed "Athena" - Link

Ex-Uber CSO Joe Sullivan received three years probation and 200 hours of community service for covering up a 2016 cyberattack and obstructing an investigation - Link

This Week in Startups

E1735: Airbnb CEO Brian Chesky on early rejection, customer focus & AI’s future in hospitality

E1734: Uber earnings + using AI to revolutionize clinical trials w/ Unlearn.AI’s Charles Fisher

E1733: BuzzFeed vs Gawker, AI’s impact on the future of media, and more with Semafor’s Ben Smith

E1732: Demoing the most innovative new ChatGPT features with Sunny Madra and Vinny Lingham

E1731: Big Tech earnings breakdown w/TechCrunch's Alex Wilhelm

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