WASHINGTON — In the first few years after founding Coinbase, CEO Brian Armstrong shied away from Washington, D.C. But as his ambitions for his crypto exchange scaled, so too did his need to curry favor on Capitol Hill. “About five or six years ago, we realized that crypto was getting big enough that we needed […]
Coinbase’s big election bet is about to be tested Read More »
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are
Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts Read More »
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 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 »
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 »
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 »
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 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 »
The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned
Super Micro’s $50 billion stock collapse underscores risk of AI hype Read More »
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 »
