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Earnings roundup

Microsoft succeeds... and stagnates. The tech company beat fiscal first-quarter earnings and revenue but issued lower quarterly revenue guidance, resulting in minimal stock movement, CNBC reports.

Microsoft beats on revenue and earnings; stock is little changed

Microsoft continues to roll on, but investors will likely start to worry if the growth in Azure, a large part of its cloud business, continues to contract. Other interesting facts: LinkedIn is apparently growing, as are Windows licenses for other computer makers. Revenue for Microsoft's own Surface products

Microsoft continues to roll on, but investors will likely start to worry if the growth in Azure, a large part of its cloud business, continues to contract. Other interesting facts: LinkedIn is apparently growing, as are Windows licenses for other computer makers. Revenue for Microsoft's own Surface products, however, contracted in the quarter. Perhaps everyone knew new products were on the way.

Zuckerberg's battle with trust

Billionaire Mark Zuckerberg doesn’t understand the unbanked. Not everyone is the eighth-richest person in the world. How are you supposed to use Libra if you can't afford a phone?

Billionaire Mark Zuckerberg doesn’t realize other people don’t have money

What US lawmakers continually fail to see is that Facebook is a global company, just based in the US. I actually completely disagree with this article’s author and the senators quoted from the hearing. While it does seems that Zuckerberg is out of touch with the plight of the American poor, I would argue

What US lawmakers continually fail to see is that Facebook is a global company, just based in the US. I actually completely disagree with this article’s author and the senators quoted from the hearing. While it does seems that Zuckerberg is out of touch with the plight of the American poor, I would argue that his Libra solution is very well suited for poor people in developing countries across the world. “Can’t afford a mobile phone” is the lamest argument I’ve ever heard. In the US there are programs at the state and federal level to provide assistance to people who can’t afford a mobile phone. And across the world, where mobile phones leapfrogged landlines and traditional banking, people own mobiles (some “smart” some traditional) and use them to pay for everything in their daily life, completely digitally. Some people in parts of Asia and Africa have consistent access to cell phones and cell service before having access to air conditioning or clean water. The blank stares in that room are because Libra is a tool for the larger world and the common problems out there, not just what goes on in the confines of the USA

"There's underbanking because people are broke," said Rep. Pressley, a Massachusetts Democrat. "I fail to see how [Libra] helps people with virtually no money. You are attempting to use technology to solve what is inherently an issue of wealth."

The fact that Zuckerberg used people’s trust in sharing their content with Facebook as a foundational reason to trust its currency is lunacy. I guess he’s been too busy isolating himself on his private island to remember the last three years of public conversation. It’s almost hilarious.

Google’s quantum leap

Google achieves "quantum supremacy." After publishing—and swiftly deleting—a paper claiming to have built a machine that could do 10,000 years of supercomputations in mere seconds, CEO Sundar Pichai finally talked to MIT Technology Review about his company's latest breakthrough.

Google CEO Sundar Pichai on achieving quantum supremacy

While this is indeed a milestone (even with a little help by means of sticking to a very narrow task), it's not really relevant for the average person. It just proves in practice something computer scientists expected in theory. That we can prove it now (like what happened with many of Einstein's hypothesis

While this is indeed a milestone (even with a little help by means of sticking to a very narrow task), it's not really relevant for the average person. It just proves in practice something computer scientists expected in theory. That we can prove it now (like what happened with many of Einstein's hypothesis) is a great milestone but not very functional.

On the bright side, the milestone puts pressure on the competition, which will have to accelerate their investments.

Whether or not quantum computing will ever be something that mere humans would need on a daily basis the idea of data analysis on the scale of populations by companies would seem a valuable skill. What will Google ir any social media do if the public decides to protect their data and switch to free access

Whether or not quantum computing will ever be something that mere humans would need on a daily basis the idea of data analysis on the scale of populations by companies would seem a valuable skill. What will Google ir any social media do if the public decides to protect their data and switch to free access systems paid for by advertising.

Putting real women on pedestals

Exceptional humans

Hearing aids are due for an upgrade. New research into the brain's sound mixing capabilities could radically improve how hearing aids work.

A new look at how the brain processes sound could radically improve hearing aids

Different from hearing aids but related: We actually have the technology to address these hearing issues in cochlear implants.

I'm a cochlear implant user (Cochlear, if you're familiar with implant processor companies) and we have features to help us better hear in loud or busy situations mentioned

Different from hearing aids but related: We actually have the technology to address these hearing issues in cochlear implants.

I'm a cochlear implant user (Cochlear, if you're familiar with implant processor companies) and we have features to help us better hear in loud or busy situations mentioned in the article, like the "cocktail party."

We have "Beam," for my implant microphone to specifically focus on one speaker and where my processor lowers the sound of distracting background noise, best for a one-on-one conversation at a crowded restaurant. And we have "Scan," where I can open my implant microphone's focus to hone into about 1-3 people I'm facing, for casual conversations with friends in a loud setting and where multiple people are talking (sort of an "expansion" of the "Beam" setting).

There are other features I haven't mentioned——My audiologist and I can place these settings on certain "programs" (I have four of them on my current processor) and I can toggle between them anytime I'd like. I use the features here and there when they may come in handy.

I had no idea loss of hearing can increase incidence of cognitive decline, like dementia. I also never realized that scientists still do not understand quite how the brain chooses which voice to concentrate on and listen to in chaotic or layered auditory environments (bar, sporting event or cocktail

I had no idea loss of hearing can increase incidence of cognitive decline, like dementia. I also never realized that scientists still do not understand quite how the brain chooses which voice to concentrate on and listen to in chaotic or layered auditory environments (bar, sporting event or cocktail party). I take a lot of my day for granted.

Marking 30 years of the web

The Steve Jobs speech that made Silicon Valley obsessed with pirates. In the early 1980s, Steve Jobs delivered a speech to Apple employees that included a metaphor about pirates. Since then, startups and tech companies have embraced the tale, while simultaneously misinterpreting it.

The Steve Jobs speech that made Silicon Valley obsessed with pirates

It's a tale as old as time: scrappy, innovative outsider becomes the establishment, and the ethos that helped make them that way becomes warped by copycats. The phrase is a perfect microcosm for the tech industry as a whole.

Great article. There is an investor-fueled myth that being a “pirate” is required. Surely, no one gets to define new categories without challenging the status quo. But pirates will be more effective if they can scale like the navy... that’s where the big returns come from.

I’ve had the opportunity

Great article. There is an investor-fueled myth that being a “pirate” is required. Surely, no one gets to define new categories without challenging the status quo. But pirates will be more effective if they can scale like the navy... that’s where the big returns come from.

I’ve had the opportunity to advise some startups and have seen the gamut of overly ambitious with no execution to the opposite end of purely tactical with no bigger ambition. Neither extreme is the place to be over the long term.

But from a cultural perspective, I agree, perhaps new symbols are needed to enable a culture that challenges rules while respectful of individuals...

Jobs was being literal about pirates. According to Wikipedia Jobs misled Atari, lied to Wozniak so he could rip him off and broke laws selling blue boxes to phone phreaks.

Lying stealing greed and a willingness to break the law sounds like a pirate.

Don't understand the confusion.

Technology has opened different doors that make this happen. Remember Napster? It opened the door to music subscriptions and looking at music distribution in a different way, while breaking nearly all the rules in the industry.

To me, Jobs understood the Sillicon Valley ethos long before it became

Technology has opened different doors that make this happen. Remember Napster? It opened the door to music subscriptions and looking at music distribution in a different way, while breaking nearly all the rules in the industry.

To me, Jobs understood the Sillicon Valley ethos long before it became mainstream. He was one of the original pirates, before it became cool to want to break the way things have worked. I suppose there’s an allure to the notion of being iconoclastic, and Jobs inspired that within Apple’s walls.

White House under pressure

US tech grows globally

Snapchat is finding new life outside the US. Parent company Snap posted its third-quarter earnings report this week, which revealed that it added 7 million new daily active users. The bulk of the new users, 5 million of them, are from new, burgeoning markets.

Snapchat is finding new life outside the US

Netflix’s quarterly report showed that the bulk of their growth Q3 was also outside of the US. Aside from the day-to-day business struggles of a giant silicon-valley funded company, US consumers need to take note that they may be playing second fiddle before long when it comes to their favorite brands and Apps

Positive signs for Snap, but I still think it’s going to be a massive test for them to compete for ad revenue against Instagram and now TikTok. It’s great that they’re experimenting and finding new users outside of the US, but without new revenue streams, I can’t see how they get to profitability anytime

Positive signs for Snap, but I still think it’s going to be a massive test for them to compete for ad revenue against Instagram and now TikTok. It’s great that they’re experimenting and finding new users outside of the US, but without new revenue streams, I can’t see how they get to profitability anytime soon. Hope I’m proven wrong though, as they’re one of the few social sites constantly taking risks and trying new things.

India's coal addiction

What makes coal so dirty? It’s a crucial question, given that without cutting its use drastically, the world won’t hit its greenhouse gas emissions targets. Quartz reporter Akshat explains the trouble with the sedimentary rock, which India uses for 55% of its energy. ✦

The science of what makes coal so dirty

Coal's many sins shouldn't be used to forget the value it has offered to humanity. Coal powered the industrial revolution and it continues to pull people out of poverty in much of the world. During the 17th and 18th centuries, coal helped create the carbon-based branch of chemistry we call "organic chemistry,

Coal's many sins shouldn't be used to forget the value it has offered to humanity. Coal powered the industrial revolution and it continues to pull people out of poverty in much of the world. During the 17th and 18th centuries, coal helped create the carbon-based branch of chemistry we call "organic chemistry," which I studied to gain my PhD from the University of Oxford. Organic chemists have won one in five of all Nobel Prizes in chemistry awarded over the last 120 years.

Coal is typically just carbon when taught in chemistry class. I had no idea that in reality, it contains so many other elements (mercury, cadmium, etc). The coal scientist Akshat quotes sums it up nicely: “coal is the most complex solid we’ve ever found and analyzed”.

Quartz at Work

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The first space tourism company to go public will do so with a blank check

Read more on Quartz

From Our Members

  • Who thinks that Virgin Galactic can earn $600 million in 2023? A major Silicon Valley venture capitalist is betting $100 million on it.

  • Like most things travel and aerospace related, it's about volume and safety, service and value. It's important to remember that flight time, whether it's a spaceship like the space shuttle, or a Boeing 737 Max, is needed to ensure overall safety and functionality. When the space shuttle Columbia exploded

    Like most things travel and aerospace related, it's about volume and safety, service and value. It's important to remember that flight time, whether it's a spaceship like the space shuttle, or a Boeing 737 Max, is needed to ensure overall safety and functionality. When the space shuttle Columbia exploded on re-entry, we forget that the vehicle itself had barely completed 100 missions; that's barely any experience for testing an aircraft and over the course of the program's history, it had two catastrophic failures. Also, Virgin Galactic has no actual raison d'etre; you do not travel from Point A to Point B at this point, it's purpose is purely touristy and experiential. These are not bad things, per se, but what is the overall value of the company? Which unfortunately, if the law of averages is to be believed, will have one if not more catastrophic failures as the technology matures. I love the idea of space travel, but it needs to have a point.

  • Counter-intuitively, the fact that the Branson venture is targeting to launch passengers on 20-minute suborbital flights is actually one of the things that might make this an actual workable economic model. Orbital flights - where the craft is in a trajectory that could stay in space are actually more

    Counter-intuitively, the fact that the Branson venture is targeting to launch passengers on 20-minute suborbital flights is actually one of the things that might make this an actual workable economic model. Orbital flights - where the craft is in a trajectory that could stay in space are actually more complicated and more difficult to manage as an economic model. Re-entry for orbital flights is much more complicated and therefore expensive (assuming passengers do not want to burn up).

  • I repeat it may not be a dream investment but it is an investment for dreamers. Everest without frostbite!

  • I think that a blank cheque in any business or industry is a bad idea. You need limits to ensure what you are striving to achieve is done well and creatively, not just ”no expense spared”

  • I'm in. 👩🏻‍🚀