Spotify announces Q4 2022 financial results

Spotify financial results

Spotify has announced its financial results for Q4 of 2022, the company revealed that it had also increased its monthly active users to 489 million. Spotify also increased its paid subscribers in Q4 of 2022 to 205 million, and it saw an 18% increade in revenue year on year. We ended 2022 with strong Q4 […]

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UltiMaker S7 desktop 3D printer unveiled

UltiMaker S7 3D printer

UltiMaker has this week launched its latest flagship S-Series 3D printer in the form of the UltiMaker S7. Building on the designs and technology used to create the award-winning S-Series printers the latest desktop 3D printer brings with it a range of new features designed to provide an easy-to-use yet reliable 3D printing solution. The […]

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The US government is reportedly cracking down harder on exports to Huawei

The United States government has reportedly stopped issuing licenses that allow companies in the country to export to Huawei, according to The Financial Times. If you'll recall, the Trump administration added the company to the "entity list," making it ineligible from receiving exports from the US without a license. The US commerce department issued some companies like Qualcomm licenses to provide Huawei with American tech unrelated to 5G networks since then — Qualcomm, for instance, supplies Huawei with 4G chips for smartphones. But the government is reportedly looking to impose a total ban on the sale of American tech to the Chinese firm, and this expanded restriction is a step towards making that happen. 

The US government adds companies to the entity list if it believes they are involved in or "pose a significant risk of being or becoming involved in, activities contrary to the national security or foreign policy interests of the United States." It has previously accused Huawei of having deep ties with the Chinese government and warned allies that the 5G equipment it makes could be used to spy on other countries and companies. Huawei has repeatedly denied the accusation. 

It's not entirely clear why the US government is moving towards a total ban, if this report is indeed true, but the Biden administration seems to be taking a tougher stance on China compared to its predecessor. Last year, it introduced new rules that prohibit the export of powerful semiconductors that could be repurposed for military use, as well as chipmaking equipment, to China and Russia. One possible reason is that Huawei, The Times says, is backing projects that aim to build a semiconductor supply chain in its country that doesn't rely on imports. A former CIA official also told the publication that the government is probably looking to expand the existing export ban, because Huawei is a totally different company from when it was added to the entity list.

Huawei's focus back then was on 5G technology, but it has since changed gears to prioritize its enterprise and government businesses, including a cloud service, to survive the trade ban. Being added to the blacklist had a huge impact on Huawei's revenues in 2021, but company executive Eric Xu said the manufacturer was able to pull itself "out of crisis mode" in 2022 and expects to go back to "business as usual" this year. A total ban could very well put Huawei back into crisis mode, and it would likely affect the revenues of its US suppliers, as well. That said, the Chinese company might have some time to prepare, depending on when the export licenses that had already been issued will expire.

A commerce department spokesperson didn't confirm whether it has truly stopped issuing licenses to American firms, telling The Times that it "continually assess[es] its policies and regulations." A source told Reuters, however, that US officials are in the midst of crafting new policies that would prohibit shipments to Huawei below the 5G level. The new restrictions would reportedly cover products and components related to 4G, WiFi 6 and 7, AI, as well as cloud and high-performance computing. 

This rustic 1850s barn in Switzerland was transformed into a contemporary home with all-wood interiors

The Swiss architecture studio Lukas Lenherr Architektur transformed an 1850 barn in Mannedorf, Switzerland. The firm added a sturdy and intricate wooden structure within the preexisting barn, creating an open and flowing space, that can be experienced like an ‘American shotgun house,’ according to the architects. This wooden structure provides immense support to the original construction of the barn.

Designer: Lukas Lehnherr Architektur

Six wooden frames define the entire space, accompanied by a series of slabs that clad the entire interior of the residence. The main essence of the original barn was maintained, with new spaces marked by openings, and sightlines, collaborating together to create a fluid spatial sequence. The six frames in question were built using spruce and were set up as a major source of support for the barn, during the construction process. Once the construction ended, the frames were retained, and allowed to be visible, completely redefining the layout of the space, and endowing it with the name ‘Six Frames’.

The home features three floors and is interspersed with alcoves, which fluidly connect together to create one massive living space, ranging from the first story to the roof. The not-so-open spaces with a rather enclosed vibe feature internal windows or flaps, that enable a connection with the large living space. These components also create an element of visual connection.

To be honest, the barn really does look like a barn and a rather quintessential one from the exterior. Only the presence of large window openings makes the rustic structure look like a house. The studio also introduced a fresh shingle facade crafted from silver fir wood. The wood was charred using the Yakusuzgi method, this makes the wood almost immortal, allowing it to be preserved and last for several generations. Black wooden slats which can be adjusted manually, hide the windows on both sides of the facade.

Luks Lneherr Architektur has managed to transform a rather old-school and typical barn into a renovated residential with subtle and clean all-black interiors. Net partitions and an impressive wooden staircase also make an interesting appearance in the home. The distinct staircase connects all three floors together, creating a space that is spacious and united.

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Rihanna Road to Halftime available ahead of Super Bowl LVII

Super Bowl LVII

Ahead of this years Super Bowl LVII American Football contest Apple Music has made available Rihanna Super Bowl Road to Halftime. On February 9, 2023, at 10 a.m. MST, Apple Music Radio’s Nadeska Alexis will interview Rihanna at the Super Bowl LVII Halftime Show Press Conference. Viewers can tune in live or watch on demand […]

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How to set up voicemail on iPhone

How to set up voicemail on iPhone

If you have just purchased a brand-new iPhone or recently transferred from one mobile provider to another, you may wondering the best way to access your voicemail messages from your new iOS device. The iPhone has been designed to use Visual Voicemail technology which is available from several select carriers worldwide. If you are unsure […]

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Spotify reaches 205 million Premium subscribers as losses mount

Spotify just released its Q4 earnings and announced that it now has 205 million premium subscribers, up 10 million from last quarter. It also made €3.17 billion ($3.43 billion) in revenue, so it exceeded expectations in both subscriber count and sales. It now counts nearly 500 million monthly active users including ad-supported and paid subscriber tiers. 

However, its losses continued with €270 million ($292 million) in red ink compared to €39 million in the same period last year, due to moves that chief executive Daniel Ek called "too ambitious." For all of 2022, the company reported a net €430 million loss ($466 million) on revenue of €11.7 billion ($12.7 billion). 

Spotify said that the losses were due to "higher personnel costs primarily due to headcount growth and higher advertising costs," along with currency fluctuations. That helps explain the company's actions last week, when it announced that it was laying off 6 percent of its workforce as part of a company-wide restructuring. 

As part of that, chief content officer Dawn Ostroff stepped down and Ek said that the company would "fundamentally change how we operate at the top," including his own role. At the time, Ek said that "in hindsight, I was too ambitious in investing ahead of our revenue growth." Looking ahead to the next quarter, Spotify forecasts that it'll hit a half-billion monthly active users and see a modest boost to 207 million premium subscribers. 

The Morning After: TikTok’s CEO will testify before a congressional committee

The CEO of TikTok, Shou Zi Chew, will testify before the House Energy and Commerce Committee on March 23rd. Chew will discuss the app's privacy and data security measures, its impact on kids and ties to China (where parent company ByteDance is headquartered). This is Chew's first appearance in front of a congressional panel. TikTok's security and relationship with Chinese authorities have drawn the attention of US officials over the last few years. However, as CNBC reported, discussions between the US and TikTok appear to have stalled.

The relationship has been a precarious one for several years. The company has tried to assuage concerns by storing US user data on domestic Oracle servers and deleting such data from its own servers in the US and Singapore. However, other stories, like TikTok having to fire four employees (two each in China and the US) who accessed the data of several journalists, aren’t helping. They were said to be looking for the sources of leaks to reporters.

Also in December, a mammoth spending bill passed by lawmakers included a ban of TikTok from federal government-owned devices. However, the relationship has thawed since its nadir during the Trump administration, when the president pushed for the social network to shed its US assets. That, of course, never happened.

– Mat Smith

The biggest stories you might have missed

Samsung's profits plunged in 2022 due to weak smartphone demand

Chip sales were down, too.

Samsung has revealed a sharp decline in profit for 2022, mainly due to the weak demand for its chips and smartphones, the company's main moneymakers. The Korean tech giant has posted KRW 302.23 trillion (US$245.4 billion) in annual revenue, which is a new record high for the company, in its latest earnings report. Its operating profit, however, was down KRW 8.5 trillion (US$6.9 billion) from the year before. Sales for Samsung's more affordable phones went down, and while flagship sales held up to market expectations, they're still lower than in previous quarters. The company expects demand for mass-market smartphones to weaken even further in 2023 "due to persistent macroeconomic conditions." That’s not great news when the company is holding its first Unpacked event of 2023 tomorrow.

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Nothing Phone 2 to launch in US later this year

Carl Pei says the upcoming flagship will be “more premium” than the Phone 1.

TMA
Engadget

Nothing’s Carl Pei has confirmed the company’s second phone will launch in the US later this year. He described the 2023 flagship as “more premium” than the Nothing Phone 1, which probably means it’ll be more expensive, too. In an interview with Inverse, Pei said the Phone 2’s US launch would be Nothing’s top priority this year. Pei added that American carrier demands (“red tape”) were the main reason Nothing didn't launch the Phone 1 in the US.

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China's biggest search engine may launch a ChatGPT rival in March

Baidu's service will allow users to get conversation-like search results.

TMA
NurPhoto via Getty Images

Chinese search giant Baidu aims to introduce a ChatGPT-like AI service that gives users conversational results, according to a Bloomberg report. Open AI's ChatGPT has taken the tech world by storm, thanks to its ability to answer fact-based questions, write in a human-like way and even create code. Microsoft invested $1 billion in Open AI back in 2019, and reportedly plans to incorporate aspects of ChatGPT into its Bing search engine. It’s the big thing – even Google reportedly sees the technology as a threat to its search business and plans to accelerate the development of its own conversational AI technology.

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Arduino open source long-range RC transmitter

long-range RC transmitter

If you are interested in building your very own open source long-range remote control transmitter for your next project. You might be interested in a new video created by YouTube creator, electronics and robotics expert James Bruton this month. Showing his journey in building a DSM2 RC transmitter using the Arduino platform and hardware. Check […]

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Realme GT Neo5 smartphone lands 9th February

Realme GT Neo5

Realme has announced that it will be launching a new smartphone next month, the Realme GT Neo5, the handset is launching on the 9th of February 2023. The handset will be made official at a press event in China at 2 pm on the 9th of February, and Realme has revealed at least one specification […]

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