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News
SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
11+ hour, 48+ min ago (541+ words) NEW YORK, Aug 4 (Reuters) – SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92% rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia. Shares fell…...
Arista forecasts upbeat quarterly revenue on AI-driven networking demand
11+ hour, 48+ min ago (153+ words) Aug 4 (Reuters) – Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure. The company has been expanding beyond its core cloud customer base into enterprise…...
Analysis-Europe’s established tech firms emerge as unexpected AI winners
4+ hour, 43+ min ago (640+ words) August 5 (Reuters) – The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it is some of Europe’s biggest, well-established technology groups that are emerging as AI beneficiaries. SAP, Capgemini, Sopra Steria and OVHcloud…...
Chinese optical module makers slump after report on planned US import ban
5+ hour ago (362+ words) By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG Aug 5 (Reuters) – Shares of Chinese optical module makers such as Zhongji Innolight slumped on Wednesday after a Reuters report that the Trump administration was drafting a ban on U.S. imports…...
Match’s weak quarterly revenue forecast masks improving trends at Tinder
11+ hour, 48+ min ago (357+ words) Aug 4 (Reuters) – Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9% in extended trading. The weak outlook stems from…...
AI offers ‘lifeline’ for emerging economies, World Bank says
19+ hour, 46+ min ago (377+ words) LONDON, Aug 4 (Reuters) – Artificial intelligence could enable developing countries to gain a century’s worth of development in a decade if they act quickly on power, connectivity and skills gaps, the World Bank said in a report on Tuesday. Widespread job…...
AMD’s AI-powered revenue forecast fails to wow investors
11+ hour, 48+ min ago (612+ words) By Anhata Rooprai and Max A. Cherney Aug 4 (Reuters) – AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies. Yet, its shares fell nearly 9% in…...
SpaceX revenue jumps in debut results as satellite, AI businesses surge
11+ hour, 48+ min ago (807+ words) By Akash Sriram, Joey Roulette and Sayantani Ghosh Aug 4 (Reuters) – SpaceX’s revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but executives flagged the…...
Meta, Anthropic, Google, OpenAI to meet with Trump advisers amid rogue AI agent fallout
19+ hour, 46+ min ago (283+ words) WASHINGTON, Aug 4 (Reuters) – Meta, Anthropic, Google and OpenAI staff will meet with U.S. President Donald Trump’s advisers on Tuesday about voluntary safety testing for advanced AI models, according to four sources familiar with the meeting, as concerns over rogue AI…...
Rabobank to spend €2 billion in AI and tech as net profit stagnates
1+ day, 3+ hour ago (97+ words) Aug 4 (Reuters) – Dutch bank Rabobank said it would invest €2 billion ($2.30 billion) over the next three years in data, tech and AI, as banks around the world step up their AI investments. • Rabobank’s AI investment follows similar moves by other banks,…...