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OpenAI Falls Short of Revenue and User Targets as It Races Toward IPO, WSJ Reports
OpenAI has recently fallen short of targets for user growth and revenue, raising concerns among some executives about whether it can fund its heavy data centre investments, according to the Wall Street Journal. The report also says OpenAI missed several monthly revenue goals earlier this year after ceding ground to Anthropic in coding and enterpris...
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Investors Turn To Defence And Energy Stocks As Iran War Resets Markets
Traders have become more enamored with old-economy companies, which do things like transport goods and provide raw inputs.
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IBM To Cut Thousands Of Jobs Amid Software Focus
IBM will cut roles this quarter, the company said, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand.
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Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
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US Lawmakers Seek Answers From Firms Over H-1B Visa Use Amid Layoffs
US lawmakers have asked major US companies, including Apple, Amazon and JPMorgan, to explain why they are hiring thousands of foreign workers on H-1B visas while cutting other jobs, the Wall Street Journal reported on Wednesday.
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Rupert Murdochs' Settlement Leaves Favoured Son Atop Family Media Empire
Three of Murdoch's children - Prudence, Elisabeth and James - will cease to be beneficiaries of the trust that controls Fox Corp. and News Corp. Instead, they'll get $1.1 billion each, according to a person with knowledge of the matter.
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Elon Musk Gives One-Word Reply To Sundar Pichai's Post On Alphabet's Quarterly Results
Google's parent company, Alphabet, recently reported its quarterly results that exceeded expectations. Elon Musk acknowledged the impressive results, sparking a brief exchange.
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AI Giant Nvidia Reaches $4 Trillion In Market Value, More Than UK's GDP
Nvidia became the first company to reach $4 trillion in market value on Wednesday, a new threshold in Wall Street's bet that artificial intelligence will transform the economy.
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Nvidia Briefly on Track to Become World's Most Valuable Company Ever
Shares of the leading designer of high-end AI chips rose as much as 2.4 percent to $160.98 in morning trading, giving the company a higher market capitalization than Apple's record closing value of $3.915 trillion on December 26, 2024.
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Nvidia Set To Become World's Most Valuable Company In History
Nvidia was on track to become the most valuable company in history, with the chipmaker's market capitalization reaching $3.92 trillion as Wall Street doubled down on optimism about AI.
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Donald Trump Likely To Ease Tariffs Impact On Automakers: Report
The shift means companies paying 25 percent tariffs on car imports won't also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first to report the shift.
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Elon Musk's X Agrees To Pay About $10 Million To Settle Trump Lawsuit: Reports
Elon Musk's social media platform X has agreed to pay about $10 million to settle a lawsuit that U.S. President Donald Trump brought against the company and its former chief executive, the Wall Street Journal reported on Wednesday.
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Netflix Added A Record 19 Million Subscribers In Holiday Quarter
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, company said.
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Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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OpenAI Falls Short of Revenue and User Targets as It Races Toward IPO, WSJ Reports
OpenAI has recently fallen short of targets for user growth and revenue, raising concerns among some executives about whether it can fund its heavy data centre investments, according to the Wall Street Journal. The report also says OpenAI missed several monthly revenue goals earlier this year after ceding ground to Anthropic in coding and enterpris...
-
Investors Turn To Defence And Energy Stocks As Iran War Resets Markets
Traders have become more enamored with old-economy companies, which do things like transport goods and provide raw inputs.
-
IBM To Cut Thousands Of Jobs Amid Software Focus
IBM will cut roles this quarter, the company said, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand.
-
Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
-
US Lawmakers Seek Answers From Firms Over H-1B Visa Use Amid Layoffs
US lawmakers have asked major US companies, including Apple, Amazon and JPMorgan, to explain why they are hiring thousands of foreign workers on H-1B visas while cutting other jobs, the Wall Street Journal reported on Wednesday.
-
Rupert Murdochs' Settlement Leaves Favoured Son Atop Family Media Empire
Three of Murdoch's children - Prudence, Elisabeth and James - will cease to be beneficiaries of the trust that controls Fox Corp. and News Corp. Instead, they'll get $1.1 billion each, according to a person with knowledge of the matter.
-
Elon Musk Gives One-Word Reply To Sundar Pichai's Post On Alphabet's Quarterly Results
Google's parent company, Alphabet, recently reported its quarterly results that exceeded expectations. Elon Musk acknowledged the impressive results, sparking a brief exchange.
-
AI Giant Nvidia Reaches $4 Trillion In Market Value, More Than UK's GDP
Nvidia became the first company to reach $4 trillion in market value on Wednesday, a new threshold in Wall Street's bet that artificial intelligence will transform the economy.
-
Nvidia Briefly on Track to Become World's Most Valuable Company Ever
Shares of the leading designer of high-end AI chips rose as much as 2.4 percent to $160.98 in morning trading, giving the company a higher market capitalization than Apple's record closing value of $3.915 trillion on December 26, 2024.
-
Nvidia Set To Become World's Most Valuable Company In History
Nvidia was on track to become the most valuable company in history, with the chipmaker's market capitalization reaching $3.92 trillion as Wall Street doubled down on optimism about AI.
-
Donald Trump Likely To Ease Tariffs Impact On Automakers: Report
The shift means companies paying 25 percent tariffs on car imports won't also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first to report the shift.
-
Elon Musk's X Agrees To Pay About $10 Million To Settle Trump Lawsuit: Reports
Elon Musk's social media platform X has agreed to pay about $10 million to settle a lawsuit that U.S. President Donald Trump brought against the company and its former chief executive, the Wall Street Journal reported on Wednesday.
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Netflix Added A Record 19 Million Subscribers In Holiday Quarter
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, company said.
-
Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
