Technologies

AT&T Says It Continued to Grow Despite Giving Promotions the Boot

A second carrier warns that there will be fewer wireless deals in the future.

AT&T ended the year with more phone and internet subscribers, according to results from the last fiscal quarter.

The Dallas telecom company reported its earnings on Wednesday, noting 656,000 postpaid net phone additions in the fourth quarter, a metric used by the industry as shorthand for success and dependable revenue. AT&T said it gained customers even though it had less generous phone promotions and deals than its competitors.

Despite inflation and worries surrounding a recession, AT&T CEO John Stankey was cautiously optimistic about the company’s forecast for the year.

«The good news is, I think we’re through the worst of it,» Stankey said on a conference call, though he noted that geopolitical disruption could be a swing factor changing the carrier’s 2023 outlook.

The results come at a time when wireless carriers are tightening their belts through layoffs and pulling back on the kind of promotions and freebies they once offered to lure in new customers. On Tuesday, Verizon also said it was moving away from aggressive promotions even if meant short-term losses. Consumers can expect to see fewer wireless deals going forward.

AT&T also ended the year by surpassing its goal of covering 130 million people with its midband 5G, with the telecom company hitting the 150 million mark. Midband spectrum runs on a frequency of 5G that brings wider coverage and higher speeds to more places. The spectrum was mostly in its C-band frequency range, which AT&T paid $27 billion to acquire in 2021 and started rolling out last year. AT&T wasn’t clear about whether this number includes the 3.45 GHz frequencies of 5G midband that the carrier paid $9.1 billion to acquire a year ago. The carrier set a new target to cover 200 million people with midband 5G by the end of 2023.

AT&T lost 13,000 net prepaid phone subscribers in the last quarter, including customers for AT&T’s Cricket brand that rivals T-Mobile’s Metro and Verizon’s new Total affordable prepaid offerings.

The carrier posted 280,000 broadband fiber net additions, noting that its fiber customers now outnumber customers with older DSL and other internet services. AT&T touched on its Gigapower fiber joint venture with private equity company BlackRock Alternatives, announced just before the end of 2022, which Stankey likened to an opportunity in the early race for wireless phone service. The venture aims to harness government subsidies to deploy multi-gig fiber in new areas to reach 1.5 million customers.

«The possibility to help close the digital divide and focus on access to affordable high-speed internet is a top priority of AT&T,» Stankey said.

The carrier acknowledged that it will have a new offering this year for fixed wireless, an internet frontier that AT&T effectively ceded to Verizon and T-Mobile in the early days of 5G. In the past, AT&T has confirmed it won’t expand into fixed wireless except on rare occasions to meet specific business needs. So long as fixed wireless delivers less bandwidth than fiber, AT&T isn’t excited about it as an alternative to wired broadband, Stankey said, noting any deployment would have a narrow niche where fiber can’t easily reach.

«I don’t see [fixed wireless] place long-term in dense metropolitan areas, and I don’t see it in reasonably well-populated suburban areas,» Stankey said.

AT&T reported revenues of $31.3 billion, which is around the revenue for the same period last year and slightly under the $31.39 billion expected. The carrier reported 61 cents of adjusted earnings per share, which was better than the 57 cents earned per share expected by analysts polled by Yahoo Finance.

At the start of the new year, AT&T expects wireless revenue growth of 4% and broadband revenue growth of 5% through 2023. The carrier noted it expects to spend around the same for capital expenditures this year, which hit a record $24 billion in 2022 due to expanding midband 5G and fiber rollouts.

AT&T’s stock was up a tenth of a percent to $19.18 in after-hours trading.

Technologies

Meta and AMD’s Multibillion-Dollar Deal Is All About the AI Chips

Meta will take a stake in the chipmaker in exchange for a commitment to buy billions of dollars’ worth of AI chips.

Meta is joining OpenAI as one of the major tech companies to take a stake in chipmaker AMD, as part of an AI hardware buying frenzy. Meta and AMD on Tuesday announced a partnership that will involve CEO Mark Zuckerberg’s tech giant buying billions of dollars’ worth of AMD Instinct GPUs in order to fuel its ambitions to build out AI offerings across Meta platforms, including Instagram, Facebook and WhatsApp.

In a release, Meta described the deal as «multi-year,» and said the AI purchase will provide Meta with up to 6 gigawatts of AMD GPUs, «the silicon computing technology used to support modern AI models.»

According to the US Department of Energy, a single gigawatt (1 billion watts) is equivalent to nearly 2,000 large solar panels or 100 million LED bulbs.

In AMD’s version of the announcement, CEO Lisa Su said, «We are proud to expand our strategic partnership with Meta as they push the boundaries of AI at unprecedented scale.» As part of the deal, Meta will take a 10% stake in AMD.

AMD, based in Santa Clara, California, previously signed a deal with ChatGPT-maker OpenAI that it announced last October, which is similar to the Meta deal and also gives its AI rival 10% ownership of AMD.

(Disclosure: Ziff Davis, CNET’s parent company, in 2025 filed a lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.)

What does this mean for the rest of us?

AMD’s two megadeals may not have an immediate impact on people who use Meta’s social networking and communications apps, or even on those who buy AMD’s products, including desktop processors and graphics cards.

But it signals that large companies making huge bets on the future of AI are doing what they can to secure the hardware they need as supplies tighten and prices rise for components such as RAM. Some of those constraints aren’t expected to end anytime soon, and shoppers could begin to see prices rise even more than they already have for computers, smartphones, vehicles and other products that heavily rely on computing components like these.

It is also a sign that Meta’s ambitions for AI are not slowing down as it continues to compete with companies including OpenAI, Microsoft and Google to develop AI products and tools.

Also a factor: Meta’s push into wearables

Another reason AMD may want access to AI chips goes beyond its own data centers and online platforms: Meta has increasingly been focused on wearables such as its Oakley Meta AI Glasses and other potential new portable products.

In addition to what AMD’s GPUs can offer Meta for AI infrastructure power, AMD may also be part of its wearable future.

«With AI models requiring unprecedented processing power to process real-time data and information, Meta is focused on securing the supply chain necessary for its wearable devices,» said Michael J. Wolf, founder and CEO of the consulting firm Activate.

Wolf believes that the deals Meta and OpenAI have signed won’t be the last time a major AI-focused company locks down a supply of semiconductors.

«As consumer hardware transitions from smartphones to smart glasses, we will absolutely see more of these mega-deals,» Wolf said.

Technologies

Today’s NYT Connections: Sports Edition Hints and Answers for Feb. 25, #520

Here are hints and the answers for the NYT Connections: Sports Edition puzzle for Feb. 25, No. 520.

Looking for the most recent regular Connections answers? Click here for today’s Connections hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle and Strands puzzles.

Today’s Connections: Sports Edition features a mix of difficulties. The green one is kind of fun today. If you’re struggling with today’s puzzle but still want to solve it, read on for hints and the answers.

Connections: Sports Edition is published by The Athletic, the subscription-based sports journalism site owned by The Times. It doesn’t appear in the NYT Games app, but it does in The Athletic’s own app. Or you can play it for free online.

Read more: NYT Connections: Sports Edition Puzzle Comes Out of Beta

Hints for today’s Connections: Sports Edition groups

Here are four hints for the groupings in today’s Connections: Sports Edition puzzle, ranked from the easiest yellow group to the tough (and sometimes bizarre) purple group.

Yellow group hint: Whack it!

Green group hint: Halloween colors.

Blue group hint: The airport is YUL.

Purple group hint: It’s also a hat.

Answers for today’s Connections: Sports Edition groups

Yellow group: To hit a baseball hard.

Green group: Orange and black teams.

Blue group: Associated with Montreal.

Purple group: ____ derby.

Read more: Wordle Cheat Sheet: Here Are the Most Popular Letters Used in English Words

What are today’s Connections: Sports Edition answers?

The yellow words in today’s Connections

The theme is to hit a baseball hard. The four answers are belt, blister, hammer and tattoo.

The green words in today’s Connections

The theme is orange and black teams. The four answers are Bengals, Flyers, Giants and Oklahoma State.

The blue words in today’s Connections

The theme is associated with Montreal. The four answers are 1976 Olympics, Canadiens, Expos and Youppi!

The purple words in today’s Connections

The theme is ____ derby. The four answers are home run, Kentucky, Merseyside and roller.

Technologies

Today’s NYT Mini Crossword Answers for Wednesday, Feb. 25

Here are the answers for The New York Times Mini Crossword for Feb. 25.

Looking for the most recent Mini Crossword answer? Click here for today’s Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.

I thought today’s Mini Crossword was a tough one! Read on for all the answers. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.

If you’re looking for today’s Wordle, Connections, Connections: Sports Edition and Strands answers, you can visit CNET’s NYT puzzle hints page.

Read more: Tips and Tricks for Solving The New York Times Mini Crossword

Let’s get to those Mini Crossword clues and answers.