Amazon is expected to report revenue growth of 12% for the first quarter, continuing a trend of expansion in the low double digits for the fourth straight quarter. This would represent a slight acceleration from the previous year. The company’s earnings per share are anticipated to be 83 cents, with revenue hitting $142.5 billion. Analysts
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The European Commission recently launched a formal investigation into Meta to determine whether the company is adequately moderating political content, illegal content, and disinformation on Facebook and Instagram. This probe comes in response to a surge in online pro-Russian propaganda leading up to the EU elections in early June. The investigation is centered around potential
Apple’s iPad operating system, iPadOS, has recently been designated as a Gatekeeper service under the European Commission’s Digital Markets Act (DMA) rules. This designation comes after an almost eight-month investigation into whether iPadOS holds enough market power to warrant stricter regulation. According to the Commission, Apple now has six months to ensure full compliance with
French tech giant Atos has found itself in a challenging situation with nearly five billion euros of debt. This has not only put a strain on the company’s financial health but also raised concerns about cybersecurity, especially in light of its involvement in critical projects such as the French army and the upcoming Paris Olympics.
In the rapidly evolving landscape of cloud computing, U.S. technology giant Oracle is ramping up its generative AI capabilities amid intensifying competition in the cloud industry. The recent surge in artificial intelligence adoption, triggered by the debut of the ChatGPT chatbot in November 2022, has spurred a heightened demand for cloud services and data centers.
The platform formerly known as X has seen a lot of changes since Elon Musk took over, but the actual impact of these changes is still up for debate. While some reports suggest that X is losing users and that Threads is gaining popularity as an alternative, X itself claims to be reaching new record
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Despite facing pressure from the United States government to divest from TikTok, Chinese tech giant ByteDance has adamantly denied any plans to sell the popular video platform. The new US law has placed a nine-month deadline on ByteDance to sell TikTok on national security grounds, citing concerns that the Chinese-owned app could be used for
The competition between tech giants Microsoft and Google in the realm of generative AI is heating up. Both companies have reported strong quarterly sales and profits, leading to a surge in their stock prices. However, a closer look at their strategies and comments from their CEOs, Sundar Pichai and Satya Nadella, reveals differences in approach
Former Tesla executive Drew Baglino recently made headlines after announcing his resignation from the electric vehicle company. Baglino, who had been with Tesla since 2006, decided to sell around $181.5 million worth of shares in the company as part of his departure. His resignation came amidst a period of change for Tesla, including layoffs and