Google announces PaLM 2, Robinhood & Unity earnings, SoftBank Vision Fund loses ~$2B

Google unveiled its PaLM 2 language model, which powers 25 Google products and supports over 100 languages; PaLM 2 now has enhanced reasoning and coding capabilities - Link

Robinhood Q1 earnings: revenue: $441M (+47% y/y); revenue breakdown: options: $133M; stock trading: $27M; crypto: $38M; net interest: $208M; net loss: -$511M; MAUs: 11.8M (-25% y/y, +400K q/q); shares were up 4% after beating on top-line - Link

Unity Q1 earnings: revenue: $500.4M (+56% y/y); net loss: -$253.7M; the company announced it would cut 600 employees (~8% of workforce); shares were up ~14% after beating on top-line - Link

Disney+ lost 4M subscribers in Q1 2023 but cut its streaming losses by ~$400M (-26% y/y); CEO Bob Iger also announced Disney+ would integrate Hulu content later this year - Link

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Reid Hoffman joins Jason to discuss AI's current "crescendo moment" and its ability to amplify human capabilities (1:50). Then, they discuss AI regulation, real-world use cases, and much more! (25:55) - Link

Microsoft will not increase salaries for full-time employees this year due to economic conditions and will lower bonuses and stock awards - Link

SoftBank's Vision Fund reported a loss of $2B in the quarter ending in March, with VF investments for SoftBank's fiscal 2022 dropping ~90% y/y to ~$3B - Link

Twitter rolled out encrypted direct messaging, available for Twitter Blue subscribers and members of verified organizations - Link

Everseen, an Ireland-based startup using computer vision to combat retail theft and manage inventory, raised a $71M Series A led by Crosspoint Capital Partners - Link

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