Meta’s Revenue Rises 22% in the Second Quarter
The company forecast higher revenue in the third quarter than analysts expected and once again increased its estimate for capital expenditures for 2024.
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Cyberattack Prompts Azure Outage, Microsoft Says
Azure’s defense response may have magnified the attack’s impact, said a company status update.
CrowdStrike-Microsoft Outage Cost Delta $500 Million, Airline CEO Says
Delta CEO Ed Bastian said the cybersecurity firm has not offered to help the airline financially.
Nvidia Shares Jump 10% After Microsoft Boosts Data Center Investments
Nvidia shares rose 10% in anticipation it would benefit from the Microsoft moves.
Alibaba to Launch AI-Powered Search Engine for E-Commerce Merchants
The conversational AI tool aims to simplify the traditional manual labor in sourcing products for e-commerce stores.
Microsoft’s Cloud Revenue Growth Slightly Misses Forecast
Microsoft fell slightly short of its forecasted growth in its Azure cloud computing unit, which the company previously said would be boosted by AI.
AMD Projects Higher AI Chip Sales
Nvidia shares are up 115% this year while AMD’s were flat for the year before Tuesday’s report.
Senate Passes Online Child Safety Bill
The Senate on Tuesday voted to pass a landmark piece of social media privacy and safety legislation that aims to protect children from online harm.
AI Search Engine Perplexity to Share Ad Revenue With Publishers
The partnership announcement follows complaints by publishers over Perplexity's use of news articles in its search results.
Pinterest Shares Fall After Revenue Warning
The report follows a revenue growth slowdown at YouTube.
Amazon’s Healthcare Unit Reportedly Lost $1.3 Billion in 2023
Amazon has long seen healthcare as a potential “fourth pillar” of the company alongside e-commerce, cloud computing and advertising.
After Delay, OpenAI Releases AI Voice Assistant
OpenAI said in June that the voice-based AI capabilities would be delayed.
Accel-Backed Sennder Buys Part of C.H. Robinson’s Europe Business
The deal will double Sennder’s annual revenue to about $1.5 billion from $750 million, CEO David Nothacker said in an interview.
Federal Safety Regulator Rules Amazon Is Responsible for Product Safety Recalls
The ruling caps years of debate and sets up more potential regulation for online marketplaces.
UAE Canceled U.S. Meeting With G42 After Concerns Raised About China
Microsoft earlier invested $1.5 billion in G42, raising concerns by some U.S. lawmakers that the deal could lead to U.S. technology transfers to China.
Chipmaker TSMC to Begin Construction on First Europe Factory in August
TSMC is responding to pressure from customers and governments to diversify its operations beyond Taiwan to hedge against natural disasters and trade conflicts.
TikTok Plans New Australian Data Center for Asia Pacific Growth
A new data center in Australia could ensure the app has enough computing capacity to power its growth while easing some political pressure in the country.
Canva Buys AI Image Startup to Keep Up with Adobe
Canva said it will use technology from the startup, Leonardo.ai, for an AI product that lets customers generate visuals such as presentation slides.
Musk-Owned X’s Quarterly Revenue Fell 53%: Report
A new report shows that U.S. revenue at social-media platform X dropped by 53% in the second quarter of 2024 compared to one year ago.
Twitch Generated $2 Billion in Revenue in 2023
Twitch remains unprofitable even after two rounds of layoffs since the beginning of 2023, according to the Wall Street Journal.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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