April 25 (Reuters) – Alphabet Inc (GOOGL.O) said on Tuesday it would buy back $70 billion in stock and posted first-quarter revenue above estimates as demand rose for cloud services and ad sales held up better than expected. Investors cheered the buyback plan, sending shares of the Google parent about 4% higher in extended trading.… Continue reading Untitled
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Microsoft beats quarterly revenue estimates
April 25 (Reuters) – Microsoft Corp (MSFT.O) beat Wall Street’s estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Shares of the Redmond, Washington-based company gained 4% in after-market trading. The company’s revenue rose 7% to $52.9 billion in the quarter ended March, inching past the… Continue reading Microsoft beats quarterly revenue estimates
Texas Instruments forecasts second-quarter revenue below estimates
April 25 (Reuters) – Texas Instruments (TXN.O) forecast second-quarter revenue below Wall Street estimates on Tuesday on worries overstocked customers will either push out or cancel orders amid slowing demand across most of the analog chipmaker’s end markets. A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like… Continue reading Texas Instruments forecasts second-quarter revenue below estimates
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April 25 (Reuters) – OpenAI is introducing what one employee called an “incognito mode” for its hit chatbot ChatGPT that does not save users’ conversation history or use it to improve its artificial intelligence, the company said Tuesday. The San Francisco-based startup also said it planned a “ChatGPT Business” subscription with additional data controls. The… Continue reading Untitled
GM raises full-year profit forecast, citing strong pricing, demand, article with gallery
DETROIT – April 25 (Reuters) – General Motors Co (GM.N) on Tuesday lifted its full-year profit and cash flow forecasts, citing stronger-than-expected demand and higher prices, even as pre-tax profits for the first quarter fell. The No. 1 U.S. automaker said it expects full-year pre-tax profits in a range between $11 billion and $13 billion,… Continue reading GM raises full-year profit forecast, citing strong pricing, demand, article with gallery
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Summary Companies Company was late to adopt AI-friendly hardware “Significant gap” exists on AI software, internal memo says Custom AI chip scrapped, new more ambitious chip planned Generative AI is now compounding company’s capacity crunch April 25 (Reuters) – As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top… Continue reading Untitled
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April 25 (Reuters) – What do you get when you cross cryptocurrencies with artificial intelligence? A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas not, though you do get billions of dollars of trading in a new class of crypto tokens. The machine mania sweeping the tech world amid the… Continue reading Untitled
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April 24 (Reuters) – A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc (AAPL.O) to change payment practices in its App Store. Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source