Nvidia profits skyrocket as it continues AI focus
Nvidia saw its net income grow by more than 1,250pc in the last quarter, but other companies plan to challenge its control of the AI chips sector.
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profits
Intel plans major job cuts and savings as profits plummet
Intel has announced plans to make a “meaningful number” of layoffs as part of wider cost-cutting measures to slash costs by $3 billion in 2023.
Nintendo doubles profits with bumper Switch sales
Super Mario Bros & Animal Crossing remain popular titles for the gaming stalwart flagship device. Japanese gaming company sold 24.1m Switch units.
Understanding Airbnb’s new, stubborn lack of profits
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re exploring Airbnb’s…
Ex-Facebook head says company ‘profits partly by amplifying lies’
Facebook’s former head of Global Elections Integrity Ops left after six months on the job and now she’s speaking out about the problems she faced when trying…
Google parent company just reported a significant drop in profits
First, Twitter reported advertising revenue that was well below what Wall Street expected. Then, Amazon followed suit that day, missing sales estimates and…
ZTE recovery in process with $85 million of profits in Q2
China’s second-largest 5G equipment maker ZTE is continuing its recovery from a disastrous 2018 with a profitable second quarter. The Shenzhen-based company…
Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April
Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local…
Airbnb’s new video strategy lets experience and branding drive profits
Airbnb is turning its eye towards developing original shows in an effort to create lasting relationships with travelers, Reuters reported last week. It seems…
EU fine on Google weighs on parent Alphabet profits
SAN FRANCISCO — Google parent Alphabet on Monday reported that profit in the first three months of this year sagged under the weight of a hefty antitrust…