Tag: Internet Media and Services

 Pinterest Inc on Monday reported first-quarter results that exceeded Wall Street expectations, with adjusted earnings per share of $0.27 beating the analyst estimate of $0.23 by $0.04.

Alphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.

Meta Platforms (META) beat expectations for its first-quarter earnings results on Wednesday afternoon. Its shares were still down 8% in pre-market trading Thursday.

The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies.

Spotify (SPOT) forecast second-quarter earnings and premium subscribers below estimates on Tuesday, a sign of slowing growth in the Swedish streaming giant’s major markets of Europe and ​North America, sending its shares down 12% in premarket trading.

China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.

Meta Platforms (META) said Friday that it will use Amazon (AMZN) chips to power some of its artificial-intelligence computing needs. The deal looks like validation of Amazon’s in-house chip plan.

Alphabet Inc.’s Google Cloud is launching a $750 million fund to help consulting firms including McKinsey & Co., Accenture Plc and Deloitte bring agentic artificial intelligence to their clients.

Marvell Technology (MRVL) was rising early Monday on a report it is in talks with Google about developing artificial-intelligence chips. That’s worrying for the search company’s primary processor partner Broadcom (AVGO).

Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company’s biggest shareholder Prosus.

The European Commission has proposed that Google allow third-party ​search engines to access its search data, including that of artificial ‌intelligence chatbots with search functionalities, to comply with the Digital Markets Act, the commission said on Thursday.

Snap’s shares jumped on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies.

Meta and Broadcom on Tuesday announced a sweeping deal that extends an existing partnership between the two companies for the design of Meta’s custom in-house AI accelerators through 2029.

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm ​chips for its upcoming devices under a ‌multi-year deal announced on Friday, marking its first major move.

CoreWeave (CRWV) stock rose sharply Thursday after the cloud infrastructure provider unveiled an expanded deal with Meta Platforms (META) worth roughly $21 billion.

Broadcom said Monday that it’s agreed to produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic that will give the AI startup access to about 3.5 gigawatts worth of computing capacity drawing on Google’s AI processors.

Meta Platforms launched two new Ray-Ban prescription smart ​glasses on Tuesday, expanding ‌its offerings in an area that has become one of ​the few breakthrough ​successes in the race for ⁠artificial intelligence-powered gadgets.

Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children ​have found Meta, and Alphabet’s, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.

Google’s latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand.

Gap is partnering with Google’s Gemini to allow shoppers to check out directly within the AI platform, making it the first major fashion company to work directly with the tech company to fuel agentic commerce.