Big TechLive Wire · AI-collected
Singapore's Grab Lifts Annual Revenue Forecast
- Singapore's Grab lifted its annual revenue forecast, according to the report.
Published Aug 3Source: Investing.com ↗
NLP · 3-line summary
AI Articles & Report Summaries
Expert articles and reports as a 3-line summary + takeaway
Big TechLive Wire · AI-collected
Snap Beats Revenue Estimates on Ad Boost From World Cup, Shares Jump
- Snap beat revenue estimates on an advertising boost from the World Cup, and its shares jumped, according to the report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Palantir Lifts Annual Revenue Forecast as Data Analytics Spending Booms
- Palantir raised its annual revenue forecast on strong demand from U.S. government and commercial customers, according to the report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Apple Launches New Legal Challenge to UK Attempt to Access Encrypted User Data, FT Reports
- Apple launched a new legal challenge to the UK's attempt to access encrypted user data, according to a Financial Times report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Amazon, Meta and Microsoft Stocks Surge as AI Hyperscalers Post Strong Earnings
- Hyperscaler stocks rose Monday as Microsoft and Amazon climbed more than 5%, Oracle jumped 6%, Meta rose more than 7%, and Google gained more than 5%, following last week's earnings, according to the report.
- Microsoft said Azure cloud revenue topped $100 billion annually for the first time, up 43% in the quarter, while Amazon's AWS growth hit 36.7%, its fastest in 18 quarters, per the report.
Published Aug 3Source: Yahoo Finance ↗
Big TechLive Wire · AI-collected
Amazon Enters $3 Trillion Club as AI, Cloud Growth Power Rally
- Amazon entered the $3 trillion market-cap club as AI and cloud growth powered a rally in its shares, according to the report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Xbox Series X Price Hiked by £170 Due to Rising Memory Chip Costs
- Microsoft's premium Xbox Series X console will now cost £670, up from £500, while the baseline Xbox Series S rose about 43% to £430, according to the report.
- Microsoft cited the rising cost of console storage and memory, joining Sony, which hiked PlayStation 5 prices by £90 in March, per the report.
Published Aug 3Source: BBC ↗
Big TechLive Wire · AI-collected
India Proposes Extending Tax Breaks for Contract Manufacturing in a Boost for Apple
- India proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, handing a win to Apple, according to a Reuters report.
- India is set to make 26% of the world's iPhones in 2026, up from 6% four years ago, according to Counterpoint Research cited in the report.
Published Aug 3Source: Yahoo Finance ↗
Big TechLive Wire · AI-collected
DeepSeek's New AI Model Is by Far the Cheapest of Well-Known Models to Run, Research Firm Says
- DeepSeek's new AI model is by far the cheapest of well-known models to run, according to a research firm cited in the report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Alibaba Unveils Qwen 3.8-MAX AI Model, Shares Jump
- Alibaba unveiled its Qwen 3.8-MAX AI model, and its shares jumped, according to the report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
Meta Cuts Wipro Outsourcing Work by at Least 25%, Mint Reports
- Meta cut its outsourcing work with Wipro by at least 25%, according to a Mint report.
Published Aug 3Source: Investing.com ↗
Big TechLive Wire · AI-collected
S&P 500 Profit Growth Getting 'Even Wilder' as Amazon's Anthropic Stake Skews Earnings
- Amazon is the latest Big Tech company to report abnormally large earnings growth, thanks to paper gains on its Anthropic investment, according to the report.
Published Aug 2Source: MarketWatch ↗
Big TechLive Wire · AI-collected
Amazon's Debt Nearly Doubles to $129 Billion in 6 Months as CEO Jassy Defends $220 Billion Data Center Spending
- Amazon's debt nearly doubled to $129 billion over six months, according to the report.
- CEO Andy Jassy defended the company's $220 billion data center spending spree, per the report.
Published Aug 2Source: Yahoo Finance ↗
Big TechLive Wire · AI-collected
HSBC Says AI Overspending Concerns Are Driving Market Sentiment
- Concerns that major technology companies are spending too aggressively on AI infrastructure have become the dominant theme influencing markets, according to an HSBC report.
Published Aug 1Source: Yahoo Finance ↗
Big TechLive Wire · AI-collected
Alphabet Rolls Back AI Image Generation in Google Earth Over Policy Violations
- Alphabet rolled back AI image generation in Google Earth over policy violations, according to the report.
Published Jul 31Source: Investing.com ↗
Big TechLive Wire · AI-collected
Fintech Broker Clear Street Offers Investors Pre-IPO Access to $188 Billion AI Giant Databricks
- Fintech brokerage Clear Street is launching a private markets platform, beginning with Databricks stakes, to give investors more access to late-stage startups, according to the report.
Published Jul 31Source: CNBC ↗
Big TechLive Wire · AI-collected
AI Firms Must Answer for Rogue Bots, Says Boss of Hacked Company
- Hugging Face CEO Clement Delangue said he didn't want cyber attacks on other companies to become "normalised," according to the report.
Published Jul 31Source: BBC ↗
Big TechLive Wire · AI-collected
Apple Set to Lose Nearly $500 Billion in Value After Weak Forecast
- Apple is set to lose nearly $500 billion in market value after issuing a weak forecast, according to the report.
Published Jul 31Source: Investing.com ↗
Big TechLive Wire · AI-collected
US Lawmakers Request Information From DoorDash on Use of Chinese AI Models
- U.S. lawmakers requested information from DoorDash on its use of Chinese AI models, according to the report.
- The food delivery company is the latest to be asked to share details of AI use by a House Committee joint investigation, per the report.
Published Jul 31Source: CNBC ↗
Big TechLive Wire · AI-collected
US Auto Safety Regulator Probes 1.2 Million Tesla Vehicles Over Suspension Failures
- The U.S. auto safety regulator opened a probe into 1.2 million Tesla vehicles over suspension failures, according to the report.
Published Jul 31Source: Investing.com ↗
Big TechLive Wire · AI-collected
Saudi Arabia's PIF Wins EU Approval for $55bn Electronic Arts Deal
- Saudi Arabia's Public Investment Fund won EU approval for its $55 billion deal to acquire Electronic Arts, according to the report.
Published Jul 31Source: Investing.com ↗
Big TechLive Wire · AI-collected
Amazon's Zoox Wins First US Approval for Paid Robotaxis Without Human Controls
- Amazon's self-driving unit Zoox won the first US approval to operate paid robotaxis without human controls such as a steering wheel or pedals, according to the report.
Published Jul 31Source: Investing.com ↗
Big TechLive Wire · AI-collected
Apple Drops 7%, Amazon Surges 12% as Investors Pick AI Winners After Earnings
- Shares of Amazon jumped sharply in premarket trading on Friday while Apple dropped, as investors digest both companies' quarterly earnings, according to the report.
Published Jul 31Source: CNBC ↗
Big TechLive Wire · AI-collected
Situational Awareness Down 67% in July in AI Stock Rout
- Leopold Aschenbrenner's hedge fund Situational Awareness is down 67% in July amid the AI stock rout, according to the report.
Published Jul 31Source: WSJ ↗