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Higher taxes will make it harder for Britain to build ‘the next Nvidia,’ tech execs say

Higher taxes will make it harder for Britain to build ‘the next Nvidia,’ tech execs say

Technology News

Britain’s Science and Innovation Secretary Peter Kyle addresses delegates at the 2023 Labour Party conference in Liverpool. Paul Ellis | Afp | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to […]

Higher taxes will make it harder for Britain to build ‘the next Nvidia,’ tech execs say Read More »

Apple’s services unit is now a 0 billion a year juggernaut after ‘phenomenal’ growth

Apple’s services unit is now a $100 billion a year juggernaut after ‘phenomenal’ growth

Technology News

Apple CEO Tim Cook (C) joins customers during Apple’s iPhone 16 launch in New York on September 20, 2024.  Timothy A. Clary | Afp | Getty Images Apple’s second-largest division after the iPhone has turned into a $100 billion a year business that Wall Street loves. In Apple’s earnings report on Thursday, the company said

Apple’s services unit is now a $100 billion a year juggernaut after ‘phenomenal’ growth Read More »

Amazon’s cloud unit records highest profit margin in at least a decade

Amazon’s cloud unit records highest profit margin in at least a decade

Technology News

Matt Garman, CEO of Amazon Web Services, speaks during The Wall Street Journal’s Tech Live conference in Laguna Beach, California, on Oct. 21, 2024. Frederic J. Brown | AFP | Getty Images Amazon said revenue in its cloud unit increased 19% in third quarter, just missing analyst estimates. Revenue at Amazon Web Services totaled $27.45

Amazon’s cloud unit records highest profit margin in at least a decade Read More »

Amazon’s advertising business grew 19% in the third quarter

Amazon’s advertising business grew 19% in the third quarter

Technology News

Dominika Zarzycka | Nurphoto | Getty Images Amazon’s online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts’ estimates of $14.3 billion. The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report Thursday. Amazon’s overall

Amazon’s advertising business grew 19% in the third quarter Read More »

OpenAI launches ChatGPT search, competing with Google and Microsoft

OpenAI launches ChatGPT search, competing with Google and Microsoft

Technology News

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered artificial intelligence startup to better compete with search engines

OpenAI launches ChatGPT search, competing with Google and Microsoft Read More »

Apple to report earnings as investors worry about ‘mixed’ iPhone demand

Apple to report earnings as investors worry about ‘mixed’ iPhone demand

Technology News

Apple reports fourth-quarter earnings after the bell Thursday. It’s the end of Apple’s fiscal year, and it’s the first quarter with sales from the September launch of the iPhone 16. Here’s what to expect, according to LSEG consensus estimates: Earnings per share: $1.53 Revenue: $94.46 billion The most critical item will be what Apple signals

Apple to report earnings as investors worry about ‘mixed’ iPhone demand Read More »

Samsung Electronics’ chip profit shrinks 40% from the previous quarter

Samsung Electronics’ chip profit shrinks 40% from the previous quarter

Technology News

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86

Samsung Electronics’ chip profit shrinks 40% from the previous quarter Read More »

Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI

Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI

Technology News

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a

Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI Read More »

FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud

FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud

Technology News

Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024. Mackenzie Sigalos | CNBC Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday,

FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud Read More »

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