Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source (Wall Street Journal)
Sources: the US cleared ~10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to buy Nvidia H200 chips, but no deliveries have been made (Reuters)
Analysts say AI fervor in the US and Asia has spread to Europe, boosting stocks like STMicro and Nokia as investors seek the AI boom's pick-and-shovel stocks (Financial Times)
Source: Microsoft Israel's GM leaves after an internal probe into alleged unethical use of Azure by Israel's MOD; Microsoft France will manage Microsoft Israel (Assaf Gilead/Globes)
A Hollywood writer recounts working as an "AI trainer" for companies like Mercor, as AI gig work becomes the "new waiting tables" for entertainment workers (Ruth Fowler/Wired)
Instructure reached a deal with hackers who breached its Canvas platform to return stolen data and destroy copies, without disclosing what it gave in exchange (Qasim Nauman/New York Times)
Brookings: clerical and administrative workers, 85%+ of whom are women, are among the most exposed to AI-driven displacement and least equipped to navigate it (Taylor Telford/Financial Times)