One of the companies making headlines in premarket trading is C3.ai, which saw a significant tumble of 19.2% due to weaker-than-expected subscription revenue during the fiscal first quarter. This resulted in the company posting $73.5 million for the top line, falling short of the $79.2 million that analysts had anticipated. This demonstrates the importance of
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Apple is considering charging its users up to $20 for access to advanced artificial intelligence features. The company plans to introduce its Apple Intelligence system later this year, with enhanced Siri voice assistant capabilities and the ability to automatically generate emails and images. Although these features will be gradually rolled out, users in certain regions,
The narrative surrounding Disney’s media business has taken a surprising turn in recent times. While previously the focus was on how streaming losses and other factors were dragging down the company, the second-quarter results have shown a different story. Disney’s combined streaming services – Disney+, Hulu, and ESPN+ – have turned a profit for the
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft highlights a growing concern within the news industry regarding copyright infringement. This lawsuit follows similar legal action taken by other publications, including The New York Times, Chicago Tribune, and the New York Daily News. The CIR accuses OpenAI of using
The European Union regulators have recently accused Apple of violating new tech regulations that prohibit the restriction of customers from using alternative platforms within the App Store. In their preliminary findings, the European Commission stated that Apple’s App Store rules hinder app developers from freely directing consumers to alternative channels for offers and content. This
Apple has been under scrutiny by the European Commission due to a number of “very serious” issues related to the Digital Markets Act (DMA) that aims to regulate Big Tech companies. The EU’s competition chief, Margrethe Vestager, highlighted that the investigation into Apple, along with Alphabet and Meta, raised concerns about anti-competitive behavior. One of
Nvidia made headlines on Wednesday when it briefly surpassed Apple in market cap during intraday trading. This milestone comes as the chipmaker solidifies its position as the primary beneficiary of the artificial intelligence boom. With a market cap of $3.007 trillion, Nvidia is now on track to become the second most valuable U.S. company, overtaking
The pre-market trading session has revealed a significant surge in GameStop’s stock, with a remarkable over 77% increase. This surge comes amid speculation that Keith Gill, famously known as Roaring Kitty, holds a stake in GameStop worth $116 million. On the other hand, AMC Entertainment has also seen a notable rise of about 25% in
The past week has been a tumultuous one for the software and enterprise tech industry. With Salesforce executives revealing that deals are getting delayed, Dell experiencing shrinking margins, and Okta facing macroeconomic challenges, it was clear that the sector was in for a rough ride. Veeva’s CEO also highlighted the competition posed by generative artificial
GameStop, a video game retailer, saw a significant increase in its shares by almost 23% after announcing that it made approximately $933 million from a stock sale. Gambling Stocks DraftKings and U.S.-traded shares of FanDuel parent company Flutter Entertainment experienced a decline of 10% and 7% respectively. This drop was attributed to the Illinois Senate
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Walmart has recently shown exceptional performance, surpassing quarterly earnings and revenue expectations with its innovative strategies. The retail giant’s success can be attributed to its significant e-commerce gains, profit-driving businesses such as advertising, and its ability to attract more high-income shoppers. The company has now revised its full-year guidance, aiming to exceed its initial projections