Latest in Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
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Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying offTech - ABC News - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
Meta and Microsoft Won’t Stop Spending on AI
Both tech giants reported strong third quarters but their stocks fell anyway.Business - Inc. - October 31 -
Investors Want to See a Payout on Microsoft’s AI Efforts
As the tech giant readies a report of what’s forecast as its slowest quarterly growth in a year, shareholders want to see genuine demand for the AI applications it’s spent billions to develop.Business - Inc. - October 28 -
Amazon's satellite spending has investors on edge. The payoff may be worth the wait
Amazon is pouring money into satellite internet service Project Kuiper. Investors have questions on what it means for profits.Business - CNBC - October 28 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Nvidia's Sales Soar as AI Spending Boom Barrels Ahead
The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.Business - The Wall Street Journal - 3 days ago -
Nestle to Step Up Spending in Push to Boost Sales Growth
The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up spending to boost its top line and win market share in the face of a tough ...Business - The Wall Street Journal - 4 days ago -
Apple sells $46 billion worth of iPhones over the summer as AI helps end slump
Apple snapped out of a recent iPhone sales slump during its summertime quarterTech - ABC News - October 31 -
Schrödinger’s stock pops as it enters collaboration pact with Novartis worth up to $2.5 billion
Schrödinger will receive $150 million upfront plus up to $2.3 billion in milestone and royalty payments.Business - MarketWatch - November 12 -
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - October 31 -
Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to a new Menlo Ventures report.Business - CNBC - 3 days ago -
Sign Up Now: Meet Worth AI’s Suneera Madhani in This Exclusive Inc. Livestream Today at 12 p.m. ET
Join Inc. in conversation with one of today’s most dynamic and innovative founder-CEOs on the challenges on the road to financial success–and how to meet them.Business - Inc. - November 14 -
AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
Cisco and Pure Storage have backed CoreWeave, which is taking on Amazon in supplying cloud-based Nvidia graphics cards to companies for artificial intelligence.Business - CNBC - November 13 -
Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump
Putting artificial intelligence tech into its flagship product ensured the summer quarter had a positive turnaround.Business - Inc. - November 1 -
McDonald’s suffers second straight decline in quarterly sales
US fast-food chain hit by weakness in international markets as it promotes more discount mealsBusiness - Financial Times - October 29 -
BYD quarterly sales beat Tesla for first time
Warren Buffett-backed Chinese carmaker’s revenues surge 24 per cent but fierce competition slims marginsBusiness - Financial Times - October 30 -
Apple reports robust demand for iPhone 16 even as overall sales in China slow
Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phone. Apple reported strong demand for the iPhone 16 in its quarterly earnings ...World - The Guardian - October 31 -
Tech investor Xavier Niel urges Europe’s AI start-ups not to cash out
French billionaire warns that if region misses AI boom it will be ‘a very small continent abandoned for a few generations’Business - Financial Times - 6 days ago -
Here's why investors are so excited about Disney's quarterly results
After several quarters of underperformance and investor frustration, CEO Robert Iger's turnaround plans appear to be working.Business - CNBC - November 14 -
Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.Tech - The New York Times - October 31 -
Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.Business - CNBC - October 31 -
Apple Sales Hit Quarterly Record as iPhone Business Rebounds
Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.Business - The Wall Street Journal - October 31 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6 -
Microsoft boss gets 63% pay rise despite asking for reduction
Satya Nadella asked for a reduction because of cyber attacks the firm suffered - but still saw his earnings increase massively.Top stories - BBC News - October 25 -
AI search wars heat up: Genspark adds Claude-powered financial reports on demand
Distill Web gives users the ability to look up of 300,000-and-counting public companies and generate polished financial reports.Tech - VentureBeat - November 14 -
Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.Business - The New York Times - October 28 -
Palantir is now worth $100 billion — and may be like Nvidia in one regard
Palantir is helping companies incorporate AI into their businesses — and one analyst says it’s succeeded “more than any company (not named Nvidia).”Business - MarketWatch - October 28 -
US hacker sentenced over Bitcoin heist worth billions
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.Top stories - BBC News - November 15 -
Italy recovers Etruscan artifacts worth $8.5 million bound for black market
Italian authorities have announced the seizure of an illegal excavation of an Etruscan burial site in the central Umbria regionEntertainment - ABC News - 3 days ago -
Italy recovers Etruscan artifacts worth $8.5 million bound for black market
Italian authorities have announced the seizure of an illegal excavation of an Etruscan burial site in the central Umbria regionWorld - ABC News - 4 days ago -
Elon Musk Ramps Up Legal Fight With OpenAI, Microsoft
The billionaire accused the ChatGPT maker of anticompetitive behavior in new court filings.Tech - The Wall Street Journal - November 15 -
Can Nashville Persuade Voters That a Sales Tax Increase Is Worth the Price?
Desperate to compete with other growing cities, Nashville’s leaders are trying once again to convince voters that a sales tax increase is worth the price.Top stories - The New York Times - November 4 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
Google AI chatbot asks user to ‘please die’
Google’s AI chatbot Gemini gave a threatening response to a Michigan college student, telling him to “please die.” The artificial intelligence program and the student, Vidhay Reddy, were engaging ...Politics - The Hill - 4 days ago -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29
