Nvidia’s record $57B revenue and upbeat forecast quiets AI bubble talk
Nvidia’s earnings were dominated by its data center business.
With an Intel recovery underway, all eyes turn to its foundry business
Intel added $20 billion to its balance sheet in Q3 but didn’t offer many details on the progress of its floundering foundry business.
Rocket Lab eyes big defense opportunities with new acquisition
Rocket Lab is taking the concept of an ‘end-to-end’ space company to new heights with a forthcoming acquisition.
Amazon CEO wants to put ads in your Alexa+ conversations
by Maxwell Zeff
Andy Jassy’s description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find new products, is uncharted territory for Amazon and the broader tech industry.
Apple projects tariff costs will hit $1.1B next quarter
While sales growth suggests fear of tariffs helped fuel sales, Cook downplayed the “pull forward” effect, noting that consumers were more motivated by the “strength of the product.”
Spotify hints at a more chatty voice AI interface in the future
by Sarah Perez
Spotify says AI will allow for “much more interactive” consumer experiences in its app.
Intel continues to pull back on its manufacturing projects
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
Tesla profits pulled down by falling EV sales and regulatory credits
Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory credits, and a decline in solar and energy storage sales.
Why export restrictions aren’t the only thing to pay attention to in Nvidia’s earnings
After the market closes on Wednesday, Nvidia will report earnings for the first quarter of its fiscal year 2026, which ended on April 27. While many in the industry are likely eager to hear how the recent whiplash surrounding U.S. chip export controls …
Spotify adds 5M premium users and hits record operating income
Spotify reported on Tuesday that its premium subscriber base grew by 5 million in the first quarter, representing a 12% increase year-over-year. This brings the total to 268 million, marking the second-highest total ever and the highest net addition of…
Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment
Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 mill…
Nvidia CEO Jensen Huang shrugs off DeepSeek as sales soar
Nvidia CEO Jensen Huang is more bullish about Nvidia’s sales than ever, despite a market panic last month induced by China’s DeepSeek.
© 2024 TechCrunch. All rights reserved. For personal use only.
Reddit hints at expanded AI-powered search
by Kyle Wiggers
Reddit CEO Steve Huffman said the online forum site plans to launch an upgraded search experience in 2025 designed to help users navigate the social network and be able to answer “subjective hard, [and] interesting questions.” The company p…
Tinder will try AI-powered matching as the dating app continues to lose users
by Sarah Perez
Tinder hopes to reverse its ongoing decline in active users by turning to AI. In the coming quarter, the Match-owned dating app will roll out new AI-powered features for discovery and matching. The addition aims to offer fatigued singles an alternative…
Alphabet praises DeepSeek, but it’s massively ramping up its AI spending
Alphabet is shrugging off concerns sparked by DeepSeek over AI spending, boosting its capital expenditures to a whopping $75 billion.
© 2024 TechCrunch. All rights reserved. For personal use only.
AMD pulls up the release of its next-gen data center GPUs
by Kyle Wiggers
AMD says that it plans to launch its next major data center GPUs, the AMD Instinct MI350 series, sooner than originally announced. During the company’s Q4 2024 earnings call Tuesday, AMD CEO Lisa Su said AMD plans to sample the MI350 with “…
Apple tops 1 billion subscriptions, nearly $100 billion in services revenue in 2024
by Sarah Perez
Apple’s iPhone sales may be down, but the company’s Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, is still soaring. The Cupertino-based tech giant reported Thursday its Services business had a…
Apple quarterly revenue increases, even as China sales decline 11%
by Brian Heater
Apple’s latest earnings were a mixed bag filled with slipping iPhone sales and countered by rising revenue. Reporting after the bell Thursday, the iPhone maker’s overall revenue in the first quarter of 2025 beat Wall Street expectations, with a 4…
Threads adds another 20M monthly users since December, reaching 320M
Threads, Meta’s microblogging service, is growing at a fast pace as users gravitate to the app over rivals like X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg revealed that Threads now has 320…
Rivian loses $1.45 billion as cost-cutting measures continue
by Sean O'Kane
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its r…
Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 b…
Bumble cuts ~350 employees as dating apps face a reckoning
by Kyle Wiggers
Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Str…
Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000
by Sean O'Kane
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans. If it sticks to that number, that means Lucid will wind up building around 10% of the 90,0…
Rivian lays off 10% of workforce as EV pricing pressure mounts
Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on its future, more affordable EV called the R2. A limited number of non-manufacturing hourly emp…
Coinbase cites stablecoins, Base as key 2024 priorities after crushing Q4 estimates
After disclosing better-than-expected financial results in its fourth quarter earnings report, U.S.-based Coinbase has big plans. The second largest crypto exchange told its investors that intends to lean heavily on its work with the popular USDC stabl…