Morning Scan

Alphabet and ServiceNow were punished for results that would have been celebrated at most companies, while Microsoft noted $10B flowing from its OpenAI arrangements. Investors are worried AI is cannibalizing the companies that built it. Separately, hackers had a productive week.

$10B — Microsoft's quarterly revenue from its commercial arrangements with OpenAI, including revenue-sharing payments. (TechCrunch)

Machines & Minds

Google Says Lower AI Mode Monetization Weighed On Search Growth

Search revenue growth slowed for a second straight quarter, and Google says its own AI answers aren't earning enough. (Search Engine Journal)

Google expands AI Search ads globally as core ad growth slows

Revenue grew 25% to $127.6B, and the response to slower ad growth is more ads. (TechCrunch)

Microsoft recorded $10 billion in revenue from OpenAI

The OpenAI relationship now appears as a line item, which is more than some AI partnerships can say. (TechCrunch)

Samsung earns record-breaking profit of $80.5 billion, thanks to memory chips

Someone has to sell the shovels, and the shovels are very profitable. (SamMobile)

Connected World

A hacker stole more than 40,000 DHS employee records

Names and job details of federal employees have leaked from Homeland Security. (The Verge)

Chilean solar plant offline for two months following cyberattack

A 103 MW plant and its battery storage went dark. The energy transition has an attack surface. (pv magazine)

Kalshi and its co-founders face felony charges for violating Utah gambling laws

The federal government is suing Utah, the 10th state it has taken on, to protect a prediction market from a state gambling ban. (Ars Technica)

Connected World

Apple's touchscreen MacBook Pro pushes laptop pricing to a new extreme

Max out every upgrade and the price is about $14,549, roughly that of a decent used car. (TechCrunch)