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Apple has abandoned its electric vehicle project in favour of a more concentrated effort on developing generative AI.
The South Korean electronics giant is not only pushing on the AI front, but is also expanding its wearables portfolio as it unveiled the Smart Ring, putting further pressure on Apple
The EV startup has been turning the corner against an adverse external environment, but its latest results and guidance that it will produce fewer EVs in 2024 compared to last year, spark fresh concerns
The situation in the Middle East is troubling to say the least, with a developing conflict since the Hamas attacks on Israel in early October. Since the attack occurred, and the subsequent response by the Israeli government, the world media has mainly covered the developments on the ground. But apart from the physical attack, which the world's attention has focused on, there have been cyber attacks on Israel too. Although…
The tech giant announced a new gaming strategy that leans on content and brings Xbox titles to other companies’ consoles, as rival PlayStation5 reached new records
Coinbase Global (COIN.us) reported results after yesterday’s close, posting well above Wall Street expectations. Revenue was $954m and EPS was $1.04. Expectations according to FactSet was for 2 cents per share in earnings and revenue of $826m.
The Japanese behemoth sold more than 8 million consoles in Q3 FY2023 (Q4 calendar quarter), hitting new records, but lowered its full year guidance
Nvidia CEO Jensen Huang, at the World Government Summit in Dubai, said that shifts to accelerated computing are likely to continue and that countries need to build on their AI infrastructure. In an interview Huang said that “There’s about $1 trillion worth of installed base of data centres around the world. And over the course of the next four or five years we’ll have $2 trillion worth of data centres…
The price of ARM Holdings shares jumped following its earnings release. For the December quarter, the company reported $824m in revenue, which crushed expectations of $726m. Adjusted EPS were 29 cents versus consensus of 25 cents.
The media giant posted solid results with continuing improvement in its streaming financials, announced a dividend hike and shared more details on its plans to take ESPN direct to consumer
Losses on Ford’s EV segment more than doubled last year and the company strengthens its focus on hybrids
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