Technology

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

Over 5,500 Still Missing in China and Nepal as Flood Toll Passes 1,300

More than 5,500 remain missing in China and Nepal twelve days after floods killed over 1,300, as the UN launches a $50m aid appeal.

Australia Plans Law Letting Users Switch Off Social Media Algorithms

Australians could opt out of social media algorithms under a proposed "digital duty of care" law targeting Meta, Google and TikTok, a minister said Monday.

Anak Krakatau Eruption Cancels Hundreds of Flights at Jakarta Airport

Mount Anak Krakatau's eruption disrupted hundreds of flights across Indonesia, with cancellations at Jakarta's airport stretching into Monday.

US Envoys Hold Substantive Kyiv Talks, But Russia-Ukraine Gaps Persist

US envoys Witkoff and Kushner held substantive talks with Zelenskyy in Kyiv a day after meeting Putin, but core Russia-Ukraine differences remain.

Unbabel Launches AI-Driven Translation Service, Widn.AI

Unbabel has introduced Widn.AI, a new AI-driven translation service, marking a significant step in the company's evolution and challenging a competitive field. The service...

Japan Unveils $65 Billion Plan to Revitalize Semiconductor Industry

Japan has unveiled a comprehensive plan to revitalize its semiconductor and artificial intelligence sectors, investing over 10 trillion yen ($65 billion) by fiscal 2030....

Rocket Lab Shares Surge Following Strong Q3 Results and Neutron Launch Deal

Rocket Lab's shares saw a significant jump in after-hours trading after the company released its third-quarter financial results and revealed a major milestone with...

Bitcoin Hits Record High as Pro-Crypto Election Results Fuel Market Optimism

Bitcoin surged to an all-time high near $81,000, driven by growing investor optimism following a U.S. election that saw numerous pro-crypto candidates secure wins....

Qualcomm Exceeds Wall Street Estimates Amid Chinese Smartphone Surge and $15B Buyback

Chip designer Qualcomm reported stronger-than-expected forecasts for the current quarter, driven by a surge in Chinese smartphone launches and bolstered by a new $15...

Google Cloud Leads in Growth Amid Cloud Computing Competition with AWS and Azure

With Wall Street’s attention on cloud computing, Google Cloud emerged as the fastest-growing provider, showing a 35% year-over-year increase in third-quarter revenue to $11.35...

Apple Invests $1.5 Billion in Globalstar for Expanded iPhone Satellite Connectivity

Apple has committed approximately $1.5 billion to support the expansion of Globalstar, a satellite communications company, in a move to enhance iPhone connectivity services....

U.S. Space Force Launches $2 Billion R-GPS Program to Strengthen GPS Infrastructure

The U.S. Space Force has introduced the Resilient Global Positioning System (R-GPS), a $2 billion program aimed at creating a backup GPS network to...

Apple Acquires Pixelmator, Expanding Its Image Editing Suite for iOS and Mac

Apple has announced the acquisition of Pixelmator, a well-known developer of image editing software for iOS and macOS, which was established in 2007 in...

Nvidia Joins Dow Jones Industrial Average, Replacing Intel Amid AI Boom

Nvidia is set to replace Intel in the Dow Jones Industrial Average, a significant change to the renowned index that highlights Nvidia’s ascent in...

Threads by Meta Reaches 275 Million Monthly Users, Eyes Growth Amidst Rivalry with X

Meta’s Threads app, launched as a direct competitor to Elon Musk’s X (formerly Twitter), now boasts nearly 275 million monthly users, marking significant growth...

OpenAI Launches ChatGPT Search, Expanding Competition with Google and Microsoft

OpenAI has launched a new search feature within ChatGPT, positioning the AI startup to compete directly with established search engines like Google, Microsoft’s Bing,...

Microsoft Stock Drops Despite Strong Q1 Earnings Amid Soft Q2 Outlook

Microsoft posted better-than-expected first-quarter earnings, but its stock saw its steepest drop in two years as investors reacted to a cautious outlook for the...

Amazon’s AWS Revenue Rises 19% in Q3, Driven by AI Demand Despite Slight Miss on Estimates

Amazon reported a 19% year-over-year increase in revenue for its cloud division, Amazon Web Services (AWS), in the third quarter, totaling $27.45 billion, slightly...

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