In the upcoming weeks, the financial reports of major tech companies will shed light on the feasibility and sustainability of artificial intelligence, as well as the substantial investments required to propel AI forward in the long term. A positive outlook on AI’s potential is shared by analysts at Wedbush Securities, who anticipate a surge in
revenue
ASML has once again exceeded expectations with their second-quarter earnings and sales, outperforming the LSEG consensus estimates. Their net sales of 6.24 billion euros ($6.8 billion) surpassed the expected 6.03 billion euros, while their net profit of 1.58 billion euros was higher than the anticipated 1.43 billion euros. The Dutch firm’s ability to thrive in
The European Union recently made headlines by formally accusing Company X of breaching regulations outlined in the Digital Services Act (DSA). This marks a significant milestone as it is the first time a company has faced such allegations during the preliminary findings phase of the EU’s investigatory process. The EU’s investigation unearthed several key issues
In recent weeks, the German government has been involved in selling off significant amounts of bitcoin, which has had a notable impact on the cryptocurrency market. The sales originated from a wallet operated by the country’s Federal Criminal Police Office, leading to a substantial decrease in the value of bitcoin. The total value of the
Samsung Electronics, the South Korean tech giant, has made headlines with its impressive financial performance in the second quarter of the year. The company’s stock reached its highest level since January 2021, following the announcement of better-than-expected profits. The stock surged by 2.24% on Friday morning, reaching a high of 86,500 Korean won ($62.73). Samsung
Salesforce investors recently voted against the company’s compensation plan for top executives, citing concerns about equity awards granted to CEO Marc Benioff. Despite the board’s recommendation to approve the compensation plan, the resolution received 404.8 million votes against and only 339.3 million votes in favor at the annual meeting. For the 2024 fiscal year, Benioff
X’s recent decision to rejoin the World Federation of Advertisers’ ‘Global Alliance for Responsible Media’ signifies a renewed commitment to brand safety. Following Musk’s takeover at the app, X had drifted away from GARM, resulting in a significant departure of Twitter’s brand safety team. This move had raised concerns about X’s dedication to upholding the
Meta, the parent company of Facebook, has recently come under fire from EU regulators for its ad-supported subscription model. The European Commission has accused Meta of failing to comply with the bloc’s landmark antitrust rules regarding the introduction of this new service, which offers users a “pay or consent” choice. This model requires users to
X recently rolled out updated account analytics features, and is now preparing to launch updated ad analytics as well. The new ad analytics will include improved dashboards and metric overviews, making it easier for users to track their paid content performance. The updated ad analytics dashboard will feature a range of large performance charts, allowing
The news industry has recently faced challenges due to the rise of artificial intelligence, with OpenAI being at the forefront of the controversy. The Center for Investigative Reporting, a well-known nonprofit newsroom, has taken legal action against OpenAI and Microsoft, accusing them of copyright infringement. This lawsuit is just one of many that have been