IBM reports Q4 revenue up 12% YoY to $19.7B, above $19.2B est., and projects 2026 revenue growth and free cash flow above estimates; IBM jumps 8%+
International Business Machines Corp. reported quarterly sales that topped analysts' estimates on strong growth for its closely watched software unit.
IBM reports Q4 revenue up 12% YoY to $19.7B, vs. $19.2B est., and projects 2026 revenue growth and free cash flow above estimates; IBM jumps 8%+ after hours
IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations
IBM revealed two new quantum computers, called Loon and Nighthawk - the qubits they use are connected in newly intricate ways …
Nvidia and OpenAI's wave of circular deals escalates concerns that they're artificially propping up the $1T+ AI market that is tied to every part of the economy
A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.
Nvidia and OpenAI's wave of circular deals escalates concerns that they're artificially propping up the $1T+ AI market that is tied to every part of the economy
A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.
Sources: xAI nears a deal to raise $20B in equity and debt, tied to the Nvidia GPUs that xAI plans to rent for Colossus 2, with Nvidia investing as much as $2B
Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp …
Sources: the US plans to push India to give Amazon, Walmart, and other US online retailers full access to its $125B e-commerce market, as part of tariff talks
Financial Times :
Online trading platform Webull closed up 374.72% on its second day of trading following its SPAC merger, giving it a market cap of almost $30B
Jordan Novet / CNBC :
Sources: Microsoft has halted talks for, or delayed development of, data center projects in Indonesia, the UK, Australia, Illinois, North Dakota, and Wisconsin
The software company has recently halted talks for, or delayed development of, sites in Indonesia, the UK, Australia, Illinois …
Microsoft unveils the Majorana 1, its first quantum processor that uses the Majorana particle instead of electrons, that can potentially fit a million qubits
Microsoft has spent 17 years researching a new material and architecture for quantum computing.
Crypto.com and Kalshi launched sports wagers around the Super Bowl in 50 US states, shocking the sports betting industry and infuriating state regulators
Crypto.com and Kalshi have made an end-run around state regulators to allow wagers on the NFL championship, the biggest betting day in American sports.
Sources: earlier in 2024, China told its largest telecom carriers to phase out foreign chips from their networking equipment by 2027, in a blow to Intel and AMD
Beijing's move is the latest installment in a U.S.-China technology war that is splintering the global chip industry
The EU opens formal DMA probes into Apple and Google over letting developers “steer” users from their app stores, and Meta over its “pay or consent” model
Apple fans: “The EU must approve of Apple's plans, otherwise Apple wouldn't have announced them” — The EU: “Hang on a minute...” https://www.theverge.com/... Jan Penfrat / @ilumi...
The EU opens formal DMA investigations into Apple and Google over letting developers “steer” users from their app stores, and Meta over using user data for ads
The trio of Big Tech giants are the first to face full investigations under bloc's new Digital Markets Act
Unity reports Q3 revenue up 69% YoY to $544.2M, missing $553.7M est. partly due to the fallout from new rules on video games in China, and a $124.1M net loss
Unity reports Q3 revenue up 69% YoY to $544.2M, missing $553.7M est. partly due to the fallout from new rules on video games in China, and a $124.1M net loss
- Unity's revenue growth fell short of estimates, partly because of fallout from new rules on video games in China.
Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M; SQ drops 5%+
Almost Half of It From Bitcoin Tom Mitchelhill / Cointelegraph : Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble Mastodon: Dare Obasanjo / @carnage4life@mas.to...
AMD reports Q2 revenue down 18% YoY to $5.36B, net income down 94% YoY to $27M, Client revenue down 54% YoY to $998M, and Data Center revenue down 11% to $1.3B
lower graphics rev, but semi-custom up. Mark Hachman / @markhachman : Just to be clear, since Wall St. seems to sometimes fixate on non-GAAP: analysts expected $0.57 EPS, and AMD's...
Meta forecasts 20% revenue growth in Q3, returning to pre-pandemic and pre-ATT levels, potentially creating cover for expensive AI and metaverse investments
- Meta's current quarter sales projection beats estimates — Company continues to increase spending on metaverse, AI
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idr...