Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million …
ChatGPT sets record for fastest growing user base – analyst notes Read More »
Jan 31 (Reuters) – U.S. chipmaker Advanced Micro Devices Inc (AMD.O) reported revenue above Wall Street targets on Tuesday and said it expected business to improve in the second half, giving excitement investors who saw the company win over rival Intel. The shares rose about 1.5% after hours trading. Although AMD’s predictions lagged behind expectations, …
AMD revenue beats targets, Wall St relieved after Intel’s bleak outlook Read More »
SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the industry’s steepest fall in a decade, as consumers spend cautiously, the research firm of China said on Sunday. IDC market. The total number of devices shipped was 286 million, up from 329 million in 2022. That means 2022’s total sales volume …
China smartphone shipments in 2022 lowest in 10 years, research firm says Read More »
Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and improve the digital media company’s quizzes and online content. The stock was 19% higher in extended trading, having more than doubled in value earlier …
BuzzFeed Soars on Meta Deal Reports, Plans to Use OpenAI Read More »
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit …
Musk bullish on Tesla sales as price cuts boost demand Read More »
Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset disposals and missed its annual cash target, dampening fourth-quarter revenue expectations . Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-facing research and development.” The layoffs — related to the spin-off …
IBM cuts 3,900 jobs and misses annual cash target Read More »
Outage affects Microsoft Azure cloud platform for hours Several Microsoft services, including Teams and Outlook hit Microsoft says most customers now have service restored Shares down 3.2% Jan 25 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it had recovered all of its cloud services after a network outage took down its Azure cloud platform …
Microsoft cloud outage hits users around the world Read More »
Jan 24 (Reuters) – Paranoid? The domino drop of FTX and other crypto custodians is enough for the most confident investor to grab their bitcoin and stuff it under the mattress. In effect, holders large and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. …
Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens increase following Barclay upgrade Indices up: Dow 0.76%, S&P 1.19%, Nasdaq 2.01% NEW YORK, Jan 23 (Reuters) – Wall Street closed sharply higher on Monday, fueled by soaring tech stocks as investors kicked off a profit-rich week with …
Wall Street extends rally, propelled by tech rebound Read More »
Jan 23 (Reuters) – Spotify Technology SA said on Monday it planned to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to massive layoffs across the technology sector in preparation for a possible recession. The tech industry is facing falling demand after two years of …
Spotify to cut 6% of its workforce in latest tech layoffs Read More »