Tech Moves: Microsoft AI adds CVP; WatchGuard CEO steps down; Amazon vet joins Hims & Hers
Mark D'Arcy. (Photo via LinkedIn)
Former Meta and Time Warner exec Mark D'Arcy is joining Microsoft as a corporate vice president working on the tech giant's consumer AI products.
D'Arcy is the new global creative director for Microsoft AI, reporting to Microsoft AI CEO Mustafa Suleyman.
D'Arcy spent more than a decade at Meta in creative and marketing leadership roles. He was at Time Warner for nearly seven years as chief creative officer and later president.
The Information first reported D'Arcy's new role, which Microsoft confirmed to GeekWire.
D'Arcy will work with engineering, design, and advertising teams to help boost marketing strategy for Microsoft's generative AI Copilot assistant that is embedded within various applications such as Word and Bing. Copilot competes with several chatbots from companies including OpenAI, Meta, Google, Anthropic, and others.
Last month Microsoft unveiled a series of updates to Copilot, including a new personalized memory feature designed to recall details from a user's life across conversations.
Suleyman joined Microsoft last year after co-founding Inflection AI and previously leading applied AI at DeepMind.
Other key personnel changes across the Pacific Northwest tech industry:
Prakash Panjwani. (LinkedIn Photo)
— WatchGuard Technologies CEO Prakash Panjwani is leaving his post and will transition to serving on the cybersecurity company's board of directors and as a strategic advisor. Vats Srivatsan, an operating partner at Vector Capital, will become interim CEO as WatchGuard looks for a permanent replacement.
During his decade at Seattle-based WatchGuard, Panjwani oversaw six strategic acquisitions, mostly recently the purchase of ActZero in January. The company more than tripled its annual recurring revenue under his leadership and also tripled its global employee headcount.
'Few leaders leave the kind of legacy he has — shaping not only the company's strategy, but also producing consistent strong performance and operational excellence,' said Alex Slusky, founding partner and managing director of Vector Capital, WatchGuard's majority owner, in a statement.
Nader Kabbani. (Hims & Hers Photo)
— Longtime Amazon Vice President Nader Kabbani is now chief operations officer Hims & Hers, a telehealth company that sells direct-to-consumer treatments for conditions such as erectile dysfunction and hair loss.
At Amazon, Kabbani most recently held leadership roles in health-related initiatives including managing the company's vaccination task force — which helped employees receive COVID-19 shots — Amazon Pharmacy, and PillPack. His more than 18-year tenure at the Seattle company also included VP positions with last mile, logistics and Kindle operations.
— And another Amazonian has taken a new role: Parisa Sadrzadeh, former VP of the company's worldwide delivery service partner program, is now a vice president of DoorDash. Sadrzadeh was at Amazon for nearly 12 years, then moved to Bellevue, Wash.-based Flexport to serve as executive VP.
'I've spent the past decade building technology to empower small businesses globally, and this next chapter of my journey builds off of that experience by moving into physical commerce — a critical area I'm super excited about innovating in for both merchants and the consumers they serve,' Sadrzadeh said on LinkedIn.
Gulliver Swenson. (Photo via LinkedIn)
— Boundless, a Seattle company with tools for simplifying the immigration process, added two leaders:
Gulliver Swenson joins Boundless as VP of people and general counsel. Swenson was previously at Assurance IQ for more than six years and helped lead the company through its acquisition by Prudential. Swenson began his career in a general law practice at Ryan, Swanson & Cleveland.
joins Boundless as VP of people and general counsel. Swenson was previously at Assurance IQ for more than six years and helped lead the company through its acquisition by Prudential. Swenson began his career in a general law practice at Ryan, Swanson & Cleveland. Rachel Pepple is now VP of marketing at Boundless. Pepple, who also holds a law degree, comes to the role from Carbon Direct, a startup helping companies manage their climate impacts. Prior to that position, Pepple was a marketing lead at the cybersecurity company ExtraHop for seven years, during which time the business was acquired for $900 million.
— Raymond 'R.J.' Ford left his role as general manager for Zillow Group. 'After 15 unforgettable years, I'm closing my Zillow laptop one last time and I'm grateful, humbled, and incredibly proud,' he said on LinkedIn.
Ford joined the Seattle real estate company in 2009 and has most recently been Zillow's GM of agent software and advertising for more than nine years. Over his tenure, Ford received five 'leader of the year' awards from his team. He did not disclose what he will be doing next.
— Kyle Widrick is now a venture partner at the consumer-oriented investment firm Maveron. The firm, which got its start in Seattle and has offices in San Francisco, has been growing its presence in New York City, which is where Widrick is based.
Widrick is 'a serial entrepreneur, a prolific angel investor and has a particular superpower in investing at the frontier of wellness,' said Maveron partner Jason Stoffer in announcing the news.
— Gensler, an architecture, design firm and planning firm, appointed Bert deViterbo as managing director of its Seattle office. DeViterbo has been with the company for 14 years and recently relocated from San Francisco.
'Seattle is at an inflection point coming out of the pandemic and I'm optimistic about the future of the city,' deViterbo said in a statement. 'I believe that design has a powerful role to play in shaping the future of Seattle's sports, tech, sciences and higher education sectors, driving collective cultural and economic growth for the region.'
— BuyWander added Brent Hendricks as head of operations. Hendricks founded Global Neighborhood, a nonprofit thrift and vintage store that provides workforce training for refugees, which he oversaw for nearly 20 years.
Spokane, Wash.-based BuyWander uses AI and other tech to scan, sort and identify thousands of new and like-new products and sell them through an online auction marketplace. Shoppers collect their merchandise with curbside pickup, and warehouses also serve as bin stores where customers can dig for deals. The startup recently raised $2 million.
— Seattle attorney Jennifer Dumas joined Apollo.io as senior lead council. Dumas was previously general counsel for the Allen Institute for AI (AI2) and an adjust professor at Seattle University's School of Law. Apollo is a Phoenix based advertising company.
— Chuck Cory, a tech and investment banking leader with a 33-year run at Morgan Stanley, joined the board of directors of Weave.AI. Cory is also an angel investor in Weave, a Seattle company providing AI services to financial institutions and global corporations to help them manage emerging risks, competitive shifts, complex regulations and new business opportunities.
— Teradata hired John Ederer of Medina, Wash., as chief financial officer. Ederer was most recently CFO for Model N and K2 Software. San Diego-based Teradata is a cloud analytics and data platform for AI.
— Justin Donaldson is chief data scientist for Curvo, a startup is developing technology to improve healthcare supply chains. Donaldson was previously a co-founder of hushh.ai, a Kirkland, Wash., startup applying AI to in-house data analysis, and worked in the Seattle area as a data scientist/engineer at Salesforce for nearly a decade.
— Trellis Health, a startup co-located in Seattle and San Francisco, formed a medical advisory board. The company is building an online platform for individuals to manage their health data. The board appointees are:
— Seattle-area leader Sean Kell joined the board of directors and investor group at Recovery.com. The company provides online resources about treatment for addiction and mental health. Kell is CEO of MD², the Bellevue-based concierge medical group. His past titles include chief executive of the retail diamond company Blue Nile and A Place for Mom, as well as leadership roles at Expedia and Starbucks.
— Seattle's Circulate added Matt Kaeberlein to its scientific advisory board. The startup launched last year and is developing technologies and treatments that aim to reverse aging and improve health. Kaeberlein is a UW affiliate professor of oral health and CEO of the biotech startup Optispan.
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Citing unnamed sources, the Wall Street Journal reported over the weekend that Tan is set to meet with Trump Monday to explain his personal and professional background and to propose ways that Intel and the government can collaborate. Intel did not immediately respond to Yahoo Finance's questions regarding the reported meeting. Read the full story here. Tesla stock rises as EV maker applies for electricity supply license in UK Tesla (TSLA) stock surged 3% on Monday after the EV maker applied for a license to provide electricity to UK households and businesses. Apart from making electric vehicles and robotaxis, Tesla also provides Megapack batteries. The company's energy business grew 30% year over year last quarter, accounting for its largest margins. If the electricity supply license application submitted to the UK energy regulator Ofgem is approved, Tesla would be allowed to compete with other energy firms in the region. Tesla (TSLA) stock surged 3% on Monday after the EV maker applied for a license to provide electricity to UK households and businesses. Apart from making electric vehicles and robotaxis, Tesla also provides Megapack batteries. The company's energy business grew 30% year over year last quarter, accounting for its largest margins. If the electricity supply license application submitted to the UK energy regulator Ofgem is approved, Tesla would be allowed to compete with other energy firms in the region. Micron jumps after memory chipmaker raises Q4 financial guidance Memory chipmaker Micron (MU) — which supplies its semiconductors to Nvidia (NVDA) to use in its products — saw its stock jump more than 4% Monday after raising its financial outlook for its fourth quarter, which ends Aug. 28. The company said it expects to see adjusted revenue of $11.1 billion to $11.3 billion, up from its prior projected range of $10.4 billion to $11 billion. Micron expects to report quarterly adjusted earnings per share of $2.78 to $2.92, more than its previous range of $2.35 to $2.65. "This revised guidance reflects improved pricing, particularly in DRAM, and strong execution," the company said in a statement. Micron's DRAM chips are one type of memory chip used in devices like personal computers and smartphones. Memory chipmaker Micron (MU) — which supplies its semiconductors to Nvidia (NVDA) to use in its products — saw its stock jump more than 4% Monday after raising its financial outlook for its fourth quarter, which ends Aug. 28. The company said it expects to see adjusted revenue of $11.1 billion to $11.3 billion, up from its prior projected range of $10.4 billion to $11 billion. Micron expects to report quarterly adjusted earnings per share of $2.78 to $2.92, more than its previous range of $2.35 to $2.65. "This revised guidance reflects improved pricing, particularly in DRAM, and strong execution," the company said in a statement. Micron's DRAM chips are one type of memory chip used in devices like personal computers and smartphones. Stocks steady at the open US stocks were steady at the open on Monday after the Nasdaq Composite (^IXIC) notched two consecutive records last week. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq (^IXIC) hovered above the flat line. Chip stocks were in focus Monday after Nvidia (NVDA) and AMD (AMD) reportedly inked deals with the US government to sell their chips to China in exchange for sharing 15% of their revenues from the country. Nvidia shares fell less than 1% on Monday, while AMD shares lost over 1.5%. Looking ahead this week, investors are awaiting a key inflation reading and the upcoming summit between President Trump and Russian President Putin. US stocks were steady at the open on Monday after the Nasdaq Composite (^IXIC) notched two consecutive records last week. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq (^IXIC) hovered above the flat line. Chip stocks were in focus Monday after Nvidia (NVDA) and AMD (AMD) reportedly inked deals with the US government to sell their chips to China in exchange for sharing 15% of their revenues from the country. Nvidia shares fell less than 1% on Monday, while AMD shares lost over 1.5%. Looking ahead this week, investors are awaiting a key inflation reading and the upcoming summit between President Trump and Russian President Putin. Paramount seals $7.7 billion exclusive US rights deal with UFC Paramount has agreed to a seven-year, $7.7 billion deal to become the exclusive US broadcaster of the Ultimate Fighting Championship (UFC). The agreement is Paramount's largest since David Ellison took over as chair and CEO last week, following the completion of Skydance's takeover of the company. Under the contract, Paramount will stream all 13 of UFC's marquee events and 30 Fight Nights annually on its streaming platform from 2026, with selected events also broadcast on CBS, the Financial Times reported. The FT reports: Read more here (subscription required). Paramount has agreed to a seven-year, $7.7 billion deal to become the exclusive US broadcaster of the Ultimate Fighting Championship (UFC). The agreement is Paramount's largest since David Ellison took over as chair and CEO last week, following the completion of Skydance's takeover of the company. Under the contract, Paramount will stream all 13 of UFC's marquee events and 30 Fight Nights annually on its streaming platform from 2026, with selected events also broadcast on CBS, the Financial Times reported. The FT reports: Read more here (subscription required). AMC tops revenue estimates as blockbuster titles boost theater attendance AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. Nvidia, AMD stocks decline after chipmakers agree to pay US 15% cut of China chip sales Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Good morning. Here's what's happening today. Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines stock tanks after the company reports earnings stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here US gold futures fall as traders await clarification on tariffs US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. Target still in the bear camp Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Bitcoin near a fresh record Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. crashing Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Zaxby's continues western expansion with new location opening this week
The opening of Zaxby's first-ever Arizona location is set for this week as the chain expands its new western footprint. It is part of Zaxby's plan to open dozens of locations across the nation this year, and it's the second recent Zaxby's opening in the Western United States, following the chain's first Las Vegas location that started serving in April. The location is set to open in the Phoenix area on Wednesday, Aug. 13. At a later Aug. 19 celebration, the store is promising free menu items for six months to the first 100 guests, Zaxby's said in a news release. Known for its chicken tenders and signature sauce, Zaxby's has a heavy presence across the Southeast in states like Georgia, Florida, Alabama, Tennessee and Mississippi, among others. But the chain has eyes on expansion, aiming to open its 1,000th new location in 2025, including its first restaurants in Nevada and Arizona. Read more: Fried chicken chain Zaxby's is finally opening its first AZ location. Here's when Other openings in 2025 The Phoenix-area opening is the latest addition to the list of new Zaxby's locations in 2025. States with a new Zaxby's location opened this year include Georgia, South Carolina, Tennessee, Indiana, Nevada, North Carolina, Kansas, Virginia and Mississippi. Zaxby's: Fast food chain plans to open more than 50 new locations in 2025: Here's where Where is Zaxby's opening in Arizona? Opening on Aug. 13, the new location will be at 37756 N. Gantzel Road in San Tan Valley, a suburb of Phoenix. The new location spans 3,000 square feet and has 56 seats for dine-in guests, in addition to a dual drive-thru and curbside pickup door for faster service, the company said. Sharlene Smith, Chief Operating Officer at Zaxby's, thanked the owners of the latest location in the press release. "Thanks to the dedication of our franchise partners, Brian and Jessica Nelson, we're accelerating our growth out West and continuing to introduce the Zaxby's famous Fingerz and signature sauces to new fans across the country,' Smith said. On Aug. 19, nearly a week after the restaurant's opening, Smith will attend a ribbon-cutting ceremony at the location. Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@ This article originally appeared on USA TODAY: Zaxby's continues western expansion with its first Arizona location
