 Nvidia reported record revenue in its Q4 results, the first earnings reports since the chipmaker walked away from a $66B deal to acquire chip designer Arm earlier this month. The company also projects strong growth in the current quarter, driven by “exceptional” demand for its chips powering AI and other advanced applications, CEO Jensen Huang said. More: - In the quarter ending January, revenue was $7.64B, up 53% YoY.
- Nvidia's gaming business, its largest market, was up 37% YOY in Q4, driven by sales of its GeForce graphics processors.
- Annual sales of its data center business were up 71%, reaching $3.26B.
- Revenue for its cryptocurrency mining processors fell 77% to $24M, down from $105M in the previous quarter.
- The company projects revenue of $8.1B in the current quarter, well above analyst expectations of $7.29B.
- Nvidia's supply constraints appear to be easing.
- The company expects a substantial increase in product supply, including for its data-center chip business, starting in H2 2022, Huang said.
Zoom-out: - The CEO commented on the failed Arm transaction. “We gave it our best shot,” Huang said. “But the headwinds were too strong.”
- Earlier this week, Jaguar Land Rover said it will use Nvidia's Drive Hyperion 8 computer architecture and sensors for driver assistance and autonomous vehicles.
VENTUREBEAT 
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 Meta promoted Nick Clegg — the former British deputy prime minister — to its president of global affairs as the company faces a host of regulatory challenges worldwide. Clegg will lead the Facebook parent company on all policy matters, including its dealings with governments as they adopt new policies that could impact Meta, according to CEO Mark Zuckerberg. More: - Clegg was previously Meta's VP of global affairs and communications.
- His new role will involve more responsibility in the company's policy decisions and communications with governments.
- This could take some pressure off of Zuckerberg and Meta COO Sheryl Sandberg to focus on day-to-day matters.
- Zuckerberg said Meta needed a senior leader at his level that could represent the company on all policy issues.
- Meta is also reshuffling its public affairs and communications team as it faces more negative press following last year's WSJ investigation, which revealed how the company was aware of many harms caused by its platforms.
- In an internal note this week, Clegg told employees that the new team will be more "cross-functional" to ensure that the story behind Meta's products and innovation is delivered "loud and clear" to target audiences.
TECHCRUNCH
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Amazon has agreed to accept Visa cards across its network, ending a months-long dispute between the companies. The agreement, announced on Thursday, comes after Amazon said it could stop accepting Visa credit cards in the U.K. due to high transaction fees. More: - Amazon later said that it would hold off on the ban on U.K.-issued Visa credit cards while the two companies worked toward an agreement.
- The new deal means Amazon customers can continue using Visa cards in its stores.
- Amazon said it won’t turn off Visa credit cards from amazon.co.uk and will scrap plans for a 0.5% surcharge on customers who use Visa cards on its Singapore and Australia sites.
- The two companies intend to partner on payment-related product and technology initiatives.
PYMNTS.COM
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A federal judge has tossed out a lawsuit that accused Apple of violating intellectual copyright through its diverse skin tone emoji. Cub Club Investment LLC claims Apple infringed on its IP by offering its own multiracial emoji designs. Background: - Cub Club, the maker of the iDiversicons app of multiple skin colors for emojis, attempted to form a partnership with Apple in 2014, which never came through.
- Shortly after, Apple debuted its own designs in a five-skin tone keyboard modifier pallet, causing downloads of the iDiversicons app to drop.
- In 2020, Cub Club sued Apple, claiming that the company copied its multiracial emoji IP.
- At the time, Cub Club held 20+ copyrights and three pending patent applications.
The ruling: - On Wednesday, U.S. District Judge Vince Chhabria threw out the suit, saying that the concept of racially diverse emoji can't be copyrighted.
- Cub Club only owns "weak" copyrights, and Apple's emojis are not similar enough to be considered a violation, he said.
- "There are only so many ways to draw a thumbs up," Chhabria said.
- Even if the allegations were true, Apple only copied an idea, which isn't protected by copyright, he noted.
APPLE INSIDER
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A Y2K-like coding issue could cause some websites to fail to load in the upcoming 100th versions of Chrome and Firefox. Google and Mozilla are working to address the potential bugs and compatibility issues before versions 100 are released later this year. More: - In experiments, Mozilla and Google found some issues affecting various websites including HBO Go, Bethesda, and Yahoo.
- The issues stem from the triple-digit release numbers coded in the User-Agents (UAs) of browsers. Many websites are coded for 2-digit browser version numbers rather than 3-digit ones.
- In backup plans, Google says it could use a flag to freeze the major version at 99. Mozilla says it could freeze Firefox’s major version at 99 temporarily or "hot fix" broken websites.
- Meanwhile, Google has shared instructions on how to make websites read three-digit UA strings.
- Chrome v100 is due out on March 29, followed by Firefox v100 on May 3.
9TO5MAC
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 DeepMind, Alphabet's artificial intelligence lab, developed software that can control a key system in nuclear fusion, paving the way for potential improvements to the futuristic green energy source. The AI software controls the superhot plasma inside a "tokamak" machine, which is considered the future of viable fusion. More: - The "tokamak" is a donut-shaped experimental reactor that re-creates the fusion process, which powers the Sun and other stars.
- Inside the tokamak, hydrogen is superheated into a plasma state to allow the nuclei of hydrogen atoms to be fused, generating huge amounts of energy.
- The plasma is so hot that it has to be contained using magnetic fields. This is where the new algorithm comes into play.
- The software learns on its own how to control the magnetic coils through an AI-based reward system.
- In real-life testing, the AI system was able to control the plasma's shape for roughly two seconds.
- It can manipulate the plasma into new configurations that researchers may not have known about otherwise.
- The findings could lead to better designs for tokamaks, and other applications.
MIT TECHNOLOGY REVIEW
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- Twitter is restoring service on Thursday after widespread reports of tweets on profile pages not loading on its web app.
- Consumer Reports chose Ford’s all-electric SUV Mustang Mach-E as its top EV pick for 2022, replacing the Tesla Model 3.
- The FBI is launching a "virtual asset exploitation" unit that will focus on virtual asset seizures and blockchain analysis.
- JP Morgan unveiled a virtual lounge in the blockchain-based world Decentraland along with a report referring to the metaverse as a multi-trillion-dollar market.
- Former Google CEO Eric Schmidt announced plans to invest $125M into research projects that address potential harms associated with artificial intelligence.
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 |  | Beth is an Inside Analyst and a former public policy/investigative reporter. She has covered AI, VR, technology, and e-commerce for Inside. When she's not busy writing, she's hiking in Arizona's desert, playing pickleball, or trying out new Mexican food recipes. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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