Hundreds of thousands of drone deliveries have already been completed so far this year, well up from years past, Amazon said Wednesday.
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Supply chain checks reveal that Apple has likely scrapped plans for its much-rumored “all-glass iPhone,” Jefferies says.
CEO Andy Jassy hiked the company’s capex guidance about 10% to $220 billion, but investors loved a booming AWS business.
Shares of Apple have risen 26% this year, enough to help it retake the market cap throne from momentary usurper Nvidia earlier this month.
Meta, Microsoft and Amazon will this week test the limits of investor appetite for massive capex spending.
In the meantime, its sales rose 24% in the second quarter as search revenue climbed 17% and its AI-boosted cloud biz jumped more than 80%.
Apple is accusing the ChatGPT developer of stealing trade secrets and hardware designs to bolster its development of an AI-fueled smartphone.
Alibaba’s applying a uniquely Chinese playbook in its efforts to win the world’s AI-ttention, and its flagship model is now number one.
Apple shares climbed nearly 1% on the news, bringing it closer to reclaiming the throne as the biggest US company by market cap.
Xbox CEO Asha Sharma plans to eliminate about 20% of staff by the end of fiscal 2027, starting with 1,600 Xbox employees yesterday.
Users can ask the glasses to live-translate more than 20 languages, provide turn-by-turn walking directions, take calls, play music and more.
Google shares have been hammered recently as two top artificial intelligence researchers spurned the company to join OpenAI and Anthropic.
Samsung, Dell, Nintendo, Sony and Microsoft have all recently announced price hikes to their consumer electronics.
The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.
IBM leads a slate of companies poised to benefit from $2 billion in US government grants to support quantum computing development.
Meta, Oracle, Amazon, and Coinbase have all made major layoffs as tech-sector job cuts surge past 111,000 for the year, per Layoffs.fyi.