Lots has happened this past week in the tech world! With Nvidia shares declining despite a recent rise, prosecutors charging Telegram CEO, Google relaunching a new AI image tool, and more, there’s much to catch up on. So, let’s get started!
Nvidia shares dropped on Thursday following the release of its fiscal second-quarter results, where a slight dip in gross margin overshadowed the company’s strong revenue performance, which fell short of soaring expectations. The stock declined by around 3% during the day’s trading.
On Wednesday, Nvidia reported revenue of over $30 billion for the July quarter, marking a 122% year-on-year increase. This was the fourth consecutive quarter of triple-digit revenue growth.
On Wednesday, French prosecutors charged Telegram CEO Pavel Durov with enabling criminal activity on the messaging platform and placed him under formal investigation following his arrest on Saturday.
According to a statement from the Paris Prosecutors’ Office, Durov was formally indicted on all charges announced earlier this week. These charges include complicity in managing an online tech platform to facilitate illicit transactions within an organized gang—a serious offense that carries a maximum penalty of 10 years in prison and a fine of 500,000 euros ($555,830) if convicted.
Google announced that it will soon reintroduce the ability for users to create images of people using its Gemini artificial intelligence tool, following the removal of this option in February.
In a blog post on Wednesday, Dave Citron, Senior Director of Product for Gemini, stated that early access to Google’s new Imagen 3 generator will be rolled out in the coming days. The feature will be available in English for Gemini Advanced, Business, and Enterprise users.
Apple announced on Monday that Chief Financial Officer Luca Maestri will be replaced by current Apple executive Kevan Parekh, effective January 1.
Maestri will remain with the tech company, overseeing teams focused on IT, security, and real estate development. Parekh, who has been serving as Apple’s Vice President of Financial Planning and Analysis and a key deputy to Maestri, will step into the CFO role.
Meta announced that it had blocked a “small cluster” of WhatsApp accounts connected to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump.
In a blog post, the company revealed that the fraudulent WhatsApp accounts appeared to be linked to the Iranian threat actor known as APT42, which other tech companies, such as Google, have identified as an “Iranian state-sponsored cyber espionage actor.”
