Roblox shares soar as earnings defy gaming slowdown fears
By Eva Mathews (Reuters) – Roblox shares soared 25% on Wednesday as the gaming platform popular with kids and teenagers topped quarterly bookings estimates after a focus on attracting wider…
South Korea aims to join AI race as startup Rebellions launches new chip
By Jane Lanhee Lee and Joyce Lee SEOUL (Reuters) – South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul…
GM inks deal with GlobalFoundries to secure U.S.-made chips
By Jane Lanhee Lee, Joseph White and Stephen Nellis OAKLAND, Calif/DETROIT (Reuters) – General Motors Co and chipmaker GlobalFoundries Inc on Thursday announced a long-term deal for the automaker to…
2023: Warmer than 2022
We have written a lot about how climate change drives the global temperature, and the dramatic effects rising temperatures will have on humans, their health, and nature, leading to severe…
Zoom to shed about 1,300 jobs as pandemic-fueled demand slows
By Akash Sriram and Samrhitha Arunasalam in Bengaluru (Reuters) – Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing…
Retailers offering discounts on high-end iPhones in China
By Josh Horwitz SHANGHAI (Reuters) – Third party retailers in China are offering discounts of as much as 10% on Apple Inc’s iPhone 14 Pro amid sluggish demand for smartphones.…
Amazon’s outlook disappoints as customer budgets stay tight
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not…
Meta stuns Street with lower costs, big buyback, upbeat sales
By Katie Paul and Nivedita Balu (Reuters) – Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO…
IBM cuts 3,900 jobs, misses annual cash target
By Chavi Mehta (Reuters) – IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations…
Microsoft cloud outage hits users around the world
By Akriti Sharma (Reuters) – Microsoft Corp said on Wednesday it had recovered all of its cloud services after a networking outage took down its cloud platform Azure along with…