Revenue Estimates
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
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Dating Apps May Have Negative Effects On Body Image, Mental Health: Study
Around 350 million people globally use dating apps, and they amass an estimated annual revenue of more than $5 billion. In Australia, 49% of adults report using at least one online dating app or website, with a further 27% having done so in the past
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Samsung Q4 Earnings Expected to Be Hit by Nvidia AI Chip Supply Delay
Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion roughly Rs. 47,984 crore) in the quarter ended December, up from a low base of WON 2.8 trillion (roughly Rs.16,562 crore) a year earlier but down from WON 9.18 trillion (roughly Rs. 54,284 crore) in the preceding quarter.
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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Bharti Airtel Reportedly in Negotiations to Acquire Loss-Making Tata Play DTH Business
Bharti Airtel is in talks to acquire Tata Play direct to home (DTH) service which is currently said to be a loss-making business, according to a report. This move will reportedly strengthen Airtel’s presence in the digital TV segment, facing competition from the likes of D2H and DishTV.
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OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
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Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.Â
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Sony Sells 2.4 Million PS5 Units in First Quarter, First-Party Games Lift PlayStation Business
Sony said its operating profit during the three months ended June was JPY 279.1 billion ($1.9 billion or roughly Rs. 15,949 crore), beating the consensus estimate of JPY 273.9 billion (roughly Rs.15,736 crore). Due to the presently weak position of Yen, Morningstar Investment director Kazunori Ito said that the PlayStation business is not as good ...
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53.64 Lakh Foreign-Brand Cigarette Sticks Worth Rs 8 Crore Seized In Mumbai, 2 Arrested
The Directorate of Revenue Intelligence (DRI) has seized 53.64 lakh cigarette sticks of foreign brands with an estimated cost of Rs 8.04 crore from Mumbai and Navi Mumbai and arrested two persons, including the mastermind of the smuggling syndicate.
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Air Passenger Traffic In India To Touch 407-418 Million This Year: Report
Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period.
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Apple Set for Big Sales Decline as Investors Await Generative AI-Powered iPhone
Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.
-
Interim Budget 2024-25 Explained: Key Insights In Graphs
Total receipts, excluding borrowings, are projected at Rs 27.56 lakh crore, with the revised estimate showcasing a revenue receipt of Rs 30.03 lakh crore.
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GTA 6 May Not Release by March 2025, Take-Two Revenue Forecast Suggests
Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming titles such as NBA 2K, sending its shares plunging 10 percent after the bell.
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Alibaba Boosts Share Buyback By $25 Billion After Dip In Estimated Revenue
Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results.
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AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report Quarterly Results
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.
-
Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
-
Dating Apps May Have Negative Effects On Body Image, Mental Health: Study
Around 350 million people globally use dating apps, and they amass an estimated annual revenue of more than $5 billion. In Australia, 49% of adults report using at least one online dating app or website, with a further 27% having done so in the past
-
Samsung Q4 Earnings Expected to Be Hit by Nvidia AI Chip Supply Delay
Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion roughly Rs. 47,984 crore) in the quarter ended December, up from a low base of WON 2.8 trillion (roughly Rs.16,562 crore) a year earlier but down from WON 9.18 trillion (roughly Rs. 54,284 crore) in the preceding quarter.
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
-
Bharti Airtel Reportedly in Negotiations to Acquire Loss-Making Tata Play DTH Business
Bharti Airtel is in talks to acquire Tata Play direct to home (DTH) service which is currently said to be a loss-making business, according to a report. This move will reportedly strengthen Airtel’s presence in the digital TV segment, facing competition from the likes of D2H and DishTV.
-
OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
-
Nvidia's Forecast Dampens AI Enthusiasm in Other Tech Stocks
Nvidia dropped almost seven percent and lost $200 billion (roughly Rs.16,77,898 crore) in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. A handful of other AI-related companies shed around $100 billion (roughly Rs. 8,38,948 crore) in combined value.Â
-
Sony Sells 2.4 Million PS5 Units in First Quarter, First-Party Games Lift PlayStation Business
Sony said its operating profit during the three months ended June was JPY 279.1 billion ($1.9 billion or roughly Rs. 15,949 crore), beating the consensus estimate of JPY 273.9 billion (roughly Rs.15,736 crore). Due to the presently weak position of Yen, Morningstar Investment director Kazunori Ito said that the PlayStation business is not as good ...
-
53.64 Lakh Foreign-Brand Cigarette Sticks Worth Rs 8 Crore Seized In Mumbai, 2 Arrested
The Directorate of Revenue Intelligence (DRI) has seized 53.64 lakh cigarette sticks of foreign brands with an estimated cost of Rs 8.04 crore from Mumbai and Navi Mumbai and arrested two persons, including the mastermind of the smuggling syndicate.
-
Air Passenger Traffic In India To Touch 407-418 Million This Year: Report
Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period.
-
Apple Set for Big Sales Decline as Investors Await Generative AI-Powered iPhone
Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.
-
Interim Budget 2024-25 Explained: Key Insights In Graphs
Total receipts, excluding borrowings, are projected at Rs 27.56 lakh crore, with the revised estimate showcasing a revenue receipt of Rs 30.03 lakh crore.
-
GTA 6 May Not Release by March 2025, Take-Two Revenue Forecast Suggests
Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming titles such as NBA 2K, sending its shares plunging 10 percent after the bell.
-
Alibaba Boosts Share Buyback By $25 Billion After Dip In Estimated Revenue
Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results.
-
AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report Quarterly Results
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.
