Tag: Internet Media and Services

Reddit reported third-quarter results that topped analyst estimates, but shares sank sharply after the social media company issued a weaker-than-expected revenue outlook and warned of accelerating declines in search referral traffic.

Microsoft posted quarterly top- and bottom-line results that topped expectations, as continued strength in its cloud unit helped keep concerns over artificial intelligence spending at bay.

Yahoo Finance Markets and Data Editor Jared Blikre joins Jake Conley on Market Domination Overtime to deliver Alphabet third-quarter earnings. 

Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.

DoorDash, opens new tab is in advanced talks to acquire Instacart, opens new tab in a deal that ​could value the grocery-delivery platform at about $17 billion, a source familiar with ‌the matter told Reuters on Monday.

Meta is planning to raise $95bn in one of the largest-ever stock offerings to fuel its massive AI infrastructure spending, backed by chipmakers Nvidia, AMD and Broadcom, who will act as cornerstone investors.

Spotify stock pops on Q3 earnings, driven by premium subscriber growth and AI for personalized experiences Spotify (SPOT) stock rose after reporting Q3 earnings, which showed premium subscribers growing by 9% year over year and AI becoming a key part of its strategy moving forward.

Social-media giant Meta Platforms reported solid third-quarter earnings results on Wednesday afternoon. Shares were down 2.5% to $680 in early Thursday trading.

OpenAI will make its frontier artificial intelligence models and Codex coding agent available through Google Cloud in the coming weeks, the companies said on Wednesday, deepening ties ​between two rivals and underscoring how major cloud providers are becoming key ‌distributors of top AI models.

Dozens of websites, apps and services have been hit by a Google Cloud outage on Tuesday morning. Banks, delivery services, and supermarkets have all been affected by the cloud provider’s widespread issue in its western Europe region.

ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia’s new RTX PRO 5500 graphics cards with a collective sticker price of over $35 billion, two people familiar with the matter said, in a ​rush for a less powerful but export-compliant chip amid US restrictions on trade with China.

Microsoft has pulled out of a deal to lease computing capacity from UK start-up Nscale after it emerged that the neocloud’s Essex data centre would be unlikely to have a power supply until after 2030.

Tim Cook and Mark Zuckerberg have clashed for years, but with John Ternus taking the reins at Apple, the rivals are finding common ground in artificial intelligence.

Uber Technologies Inc said Tuesday it will acquire ezCater Inc, a U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion.

Google has contracted for 3,590 megawatts of power from Constellation Energy in the US’ largest power grid, with new nuclear energy accounting for about ​a quarter of that supply, the companies said on Tuesday.

Alphabet unveiled Gemini 4 Argon on Wednesday, its most advanced artificial intelligence model yet, offering major improvements in coding, cybersecurity, and complex professional work. The company said the model sets a new record in real-world software engineering, ties for first in cybersecurity, and leads another benchmark measuring performance across finance, legal, and other professional tasks.

 OpenAI on Tuesday unveiled always-on agents called dots that chase user goals across apps ​on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously.

UPS on Tuesday said it had inked an exclusive deal to provide no-box, no-label returns for the fast-growing TikTok Shop network ​of US sellers as it competes with rivals like FedEx to ‌provide specialized services that generate more profit than typical e-commerce package deliveries.

The release on Monday of Nvidia’s Open Agent Safety Platform comes after companies including OpenAI, Anthropic, Meta, and Google disclosed recent incidents in which their artificial intelligence models escaped their sandboxes and attempted to hack other companies and access their computer systems.

Mark Zuckerberg took repeated digs at Apple during Meta’s annual event on Wednesday, only to borrow a page from Steve Jobs’ playbook for ‌a surprise reveal: a pocket-watch-sized device that carries Meta’s viral Muse AI agent into the real world.