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Meta, Amazon add $336 billion in market value on earnings
TechXplore· 2024-02-05 13:12
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Meta Platforms Inc. and Amazon.com Inc. shares soared Friday after delivering quarterly earnings and outlooks that far exceeded Wall Street's expectations, validating the belt-tightening strategies that defined the tech industry's past 16 months. For all the hype over artificial intelligence ...
Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips
TechXplore· 2024-02-02 07:12
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: People look at iPhone 15 phones at an announcement of new products in Cupertino, Calif., Tuesday, Sept. 12, 2023. On Thursday, Feb. 1, 2024, Apple will release its results for the holiday season against a backdrop of legal headaches, ongoing worries about a yearlong dip in revenue and intrigue surrounding the upcoming release of ...
US Apple fans get hands on $3,500 Vision Pro
TechXplore· 2024-02-02 07:04
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. US Apple stores on Friday will start selling the Vision Pro, the tech giant's $3,499 headset and its first major release since the Apple Watch nine years ago. Vision Pro's release by the wor ...
Amazon reports better-than-expected revenue, profits for the holiday shopping season
TechXplore· 2024-02-01 21:35
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Amazon on Thursday reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season. The Seattle-based e-commerce company said it earned $170 billion in revenue and $10.6 billion in profits during the last three mo ...
Meta posts sharp profit, revenue increase in Q4 thanks to cost cuts and advertising rebound
TechXplore· 2024-02-01 21:35
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A person stands in front of a Meta sign outside of the company's headquarters in Menlo Park, Calif., March 7, 2023. Meta releases results on Thursday, Feb. 1, 2024. Credit: AP Photo/Jeff Chiu, File Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digit ...
Facebook, the social network old-timer, turns 20
TechXplore· 2024-02-01 08:51
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: More than a decade ago Facebook and its co-founder Mark Zuckerberg launched annual F8 conferences to court software developers whose apps helped weave the social network into internet lifestyles. Founded 20 years ago as a simple hangout spot for young people, Facebook has since become a battle-hardened behemoth that—despite perc ...
Boeing results top estimates as it commits to improve quality control
TechXplore· 2024-01-31 14:31
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Boeing has committed to improved quality control after an incident on Alaska Airlines in which a panel blew out. Boeing reported a smaller than expected loss Wednesday, while pledging to take "comprehensive" actions to bolster quality control after a near-catastrophic 737 MAX flight earlier this month. The aviation giant repor ...
Humanoid robot startup Figure AI in funding talks with Microsoft, OpenAI
TechXplore· 2024-01-31 12:33
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Figure AI Inc., a startup developing humanlike robots, is in talks to raise as much as $500 million in a funding round led by Microsoft Corp. and OpenAI, according to a person with knowledge of the matter. The startup is seeking additional investors for the deal, said the person, who asked no ...
US judge voids Elon Musk's $56 billion Tesla compensation
TechXplore· 2024-01-31 09:50
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Tesla chief Elon Musk is the world's richest person, but a US judge ruled that he has been getting paid too much, voiding the entrepreneur's $56 billion compensation package from the electric vehicle maker. A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesd ...
Microsoft, Google ride AI wave as revenues surge
TechXplore· 2024-01-31 09:40
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Microsoft CEO Satya Nadella moved the fastest and furthest into the AI space, investing massively in ChatGPT-maker OpenAI and pushing AI across products while others chose to move more carefully. Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services ...