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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.
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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.
-
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.
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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.
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Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
-
Nvidia Quarterly Earnings Will Test AI Demand, Dictate Tech Market
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its graphics processors.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
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.
-
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.
-
Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
-
Nvidia Quarterly Earnings Will Test AI Demand, Dictate Tech Market
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its graphics processors.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
