Tech

• Telefonica Maintains 2024 Outlook as Earnings Meet Expectations

  Telefonica SA reported first-quarter profit that matched analysts’ estimates and said it’s on track to meet its guidance this year.

• Zuckerberg’s Free AI Is a Clever Form of Bait

  Meta is freely sharing an AI model it spent billions on, but probably not just to stick it to ChatGPT. 

• Arm Gives Tepid Annual Revenue Forecast

  Arm Holdings Plc, the Cambridge, England-based chip designer 90%-owned by Japan’s SoftBank Group Corp., gave a lukewarm revenue forecast for the fiscal year, Bloomberg Intelligence’s Kunshan Sobhani shares his take on Bloomberg Television.

• British Columbia Government Discloses Cybersecurity Incidents

  The government of British Columbia said it recently identified sophisticated cybersecurity incidents involving government networks.

• Duolingo Sinks as User Growth Slows By Most Since 2022

  Duolingo Inc. shares slumped after the education software provider’s quarterly report showed it had gained new users at the slowest rate since the third quarter of 2022.