Results

Google launched a new laptop called Googlebook, which has a unified operating system that blends ChromeOS and Android. The device is designed to work well with the Android ecosystem and create a seamless phone-laptop combination.

Googlebook will also be designed for Gemini Intelligence, which is a key part of Android 17.

Pricing is to be determined but the launch is expected in the fall. Expect to hear a lot more about Googlebook at Google I/O next month.

Googlebook


GitLab said it will cut jobs and the number of countries where it operates. In a memo, GitLab laid out the plan and what it means. The company said it is cutting jobs to free up money to invest in AI agents and innovate.

CEO Bill Staples said the company is planning to have a flatter org, deliver faster innovation and rewire internal processes for AI agents. Staples also outlined its 10 core beliefs going forward and reiterated its first quarter outlook.

The biggest question about GitLab is why it hasn't been able to take business from GitHub, which has had its struggles of late.

Canvas, the learning management system that powers universities, was taken out during many finals and just as final grades were due. I know since I beat the deadline and the Canvas outage.

The outages was due to a ransomware attack and Instructure's response and communication had some issues. In a long updates, Instructure detailed the Canvas outage, delivered an apology and noted that it "reached an agreement with the unauthorized actor involved in this incident."

Instructure said the data was returned, it got confirmation of data destruction and said no customers were extorted.

This post is worth a read:

"The 90 day responsible disclosure window was built for a world where bug finders were rare and exploit development was slow. That world is gone. LLMs have compressed both timelines to near-zero. I have seen it first hand, and so has everyone else paying attention. This post lays out why the old model is broken, with real stories, and makes one ask to the industry: treat every critical security issue as P0 and patch it immediately. Not tomorrow. Not next sprint. Now."

Cloudflare said it will cut more than 1,100 employees as it reorganizes for agentic AI. In a memo, Cloudflare outlined the cuts:

"We have to be intentional in how we architect our company for the agentic AI era in order to supercharge the value we deliver to our customers."

Separately, Cloudflare reported a better-than-expected first quarter, but delivered a mixed second quarter outlook. the company projected second quarter revenue of $664 million to $665 million, just short of estimates.

CoreWeave reported first quarter results, said its revenue backlog was pushing $100 billon and has surpassed 1GW of active power. Like previous quarters, CoreWeave is growing exponentially, but it is losing money just as quickly.

The AI cloud provider reported a first quarter net loss of $740 million, or $1.40 a share, on revenue of $2.077 billion. In the quarter, CoreWeave landed deals with Meta and Anthropic and expanded deals with Cohere and Mistral. CoreWeave also launched more flexible pricing models.

CoreWeave said it expects revenue to be between $2.45 billion and $2.6 billion, below the $2.7 billion Wall Street estimate. CoreWeave reaffirmed its 2026 outlook of revenue between $12 billion and $13 billion.

CoreWeave footprint

Block CEO Jack Dorsey outlined how AI is changing his company, which owns Square. Dorsey's shareholder letter landed after the company delivered a strong second quarter outlook. First quarter non-GAAP earnings were 85 cents a share, well ahead of Wall Street estimates of 68 cents a share.

Here's what Dorsey said:

  • "In early 2024, we began developing goose, which was the first agentic harness to enable foundation models to execute work across an enterprise. That work is now changing how Block runs. Velocity continues to increase. As of mid-April, production code changes per engineer are up over 2.5x compared to January."
  • "In the two months since our organizational change, incident rates have continued to improve compared to the beginning of the first quarter."
  • "Most AI products today are assistants or advisors: a human asks, AI answers. We think the next step is AI that is proactive. A protector watches for patterns, identifies risks or opportunities, and prompts customers or sellers to act before small issues become bigger ones."

Here’s what Dorsey said recently about how AI is changing org charts.

HubSpot handily topped estimates for the first quarter and upped its second quarter outlook. Shares still fell 13% after hours. That's life in the SaaS business.

The company reported first quarter net income of $32.6 million, or 62 cents a share, on revenue of $881 million, up 23% from a year ago. Non-GAAP earnings were $2.72 a share, which was 26 cents a share ahead of Wall Street estimates.

For the second quarter, HubSpot projected revenue of $897 million to $898 million, up 18% from a year ago. Non-GAAP earnings are expected to be $3 a share and $3.02 a share. HubSpot said 2026 revenue will be between $3.7 billion and $3.708 billion with non-GAAP earnings of $13.04 to $13.12 a share.

Ok, tech leaders it's time for an intervention. Enough with the ___maxxing talk during earnings calls and presentations.

My ears perked up last week when Microsoft reporting earnings and CEO Satya Nadella said:

"First, we are building the world's leading cloud and AI infrastructure for agentic computing era. Second, we are building high-value agentic systems across core domains such as productivity, coding and security. These 2 layers reinforce each other, and we are focused on driving competitive value and differentiation for customers across each so that they can eval-max their outcomes."

No idea what eval-max means specifically, but it was just a start.

ServiceNow's investor day at Knowledge 2026 featured the following slide:

ServiceNow IntegrationMaxxing

Bhavin Shah, Senior VP and GM of Moveworks & AI at ServiceNow, went maxxing even though it was couched as something the kids say.

"Now we've been busy. My kids call it integration maxing at home. But we've rolled out Moveworks to every ServiceNow employee. We've launched the Front Door to called ServiceNow Employee Works, and we've integrated that Front Door into our new commercial model in just four months. So lots of activity, lots of work going on there. And we're moving fast because there's actually a gap in the market."

Let's be clear. We can't let this maxxing thing spin out of control. No grown ass tech company should be sounding like Clavicular.