Earnings Outcomes
Palantir Applied sciences Inc. PLTR reported second-quarter income of $678.13 million, beating the consensus estimate of $652.1 million and adjusted earnings of 9 cents per share, beating analyst estimates of 8 cents per share.
Reddit, Inc. RDDT reported second-quarter income of $281.2 million, beating the consensus estimate of $253.58 million.
Walt Disney Firm DIS reported fiscal third-quarter 2024 income development of 4% year-on-year to $23.16 billion, marginally beating the analyst consensus estimate of $23.11 billion and adjusted EPS of $1.39 beat the analyst consensus estimate of $1.20.
Associated: Disney CFO Addresses Mountaineering Charge For Viewers: ‘We’ve Earned That Pricing In The Market’
Bumble Inc. BMBL reported quarterly earnings of twenty-two cents per share on $273.12 million of quarterly income.
Associated: ‘Magnitude’ Of Misexecution At Bumble Comes As ‘Shock’: Analysts Slash Forecasts Following Q2 Earnings
Gaming
Microsoft Corp.‘s MSFT Blizzard Leisure is increasing its operations with the formation of a new AA studio, which can deal with creating video games centered round Blizzard’s established franchises, akin to World of Warcraft, Overwatch, and StarCraft.
A current leak from Microsoft‘s Activision has revealed a possible new Warzone map which will accompany the upcoming launch of Name of Obligation: Black Ops 6.
Microsoft has unveiled the primary wave of video games becoming a member of Xbox Recreation Move in August 2024, providing subscribers a recent slate of titles that span numerous genres and gameplay experiences.
Learn: High 6 Free-To-Play Video games On Steam In August: Dungeonborne, Ocean Playground And Extra
Sony Group Company SONY PlayStation 5 has reached a powerful milestone of 61.7 million models bought since its 2020 launch.
Expertise
CrowdStrike Holdings, Inc. CRWD is going through authorized motion from air vacationers affected by an enormous international pc outage final month.
CrowdStrike has responded to Delta Air Strains, Inc. DAL ‘s resolution to pursue damages towards Microsoft and the cybersecurity firm. They claimed that the airline didn’t reply to their provide of assist throughout a significant system outage final month.
Microsoft has pointed the finger at Delta Air Strains for its prolonged restoration from a world cyber outage.
Federal decide Amit Mehta dominated towards Alphabet Inc. GOOG in an antitrust lawsuit associated to the corporate’s Search dominance. The Decide dominated that Alphabet’s funds to make its search engine the default choice on smartphone internet browsers violate U.S. antitrust regulation by successfully blocking competitors within the area.
In a landmark ruling, a U.S. federal decide stated that Google has unlawfully maintained monopolies in search and textual content promoting markets. This resolution marked a major win for the Division of Justice led by Jonathan Kanter.
Nvidia Company NVDA has reportedly encountered delays within the manufacturing of its upcoming AI chips resulting from design points.
YouTube Shorts, Google‘s reply to TikTok, has hit a 1 lakh crore (1 trillion) view mark in India.
Mark Zuckerberg, the CEO of Meta Platforms Inc. META, acknowledged that the present social media expertise on smartphones is “anti-social.” This revelation is a part of the rationale why he’s specializing in the event of Ray-Ban sensible glasses.
The International Alliance for Accountable Media or GARM has reportedly introduced a suspension of its operations after an antitrust lawsuit was filed by Elon Musk’s social media firm, X, previously Twitter.
Additionally Learn: NVDL, SOXL And Different Chip ETFs Undergo Main Blow In Premarket Amid International Market ‘Massacre’
Smartphones & Apps
Hidden AI prompts from Apple Inc. AAPL have been found within the newest macOS beta, shedding gentle on the tech large’s efforts to reinforce accuracy and forestall hallucinations in its Apple Intelligence suite.
Learn: Forgot Your Mac Password? Right here’s What You Can Do In accordance To Apple
In a current improvement, TikTok has determined to remove a contentious rewards characteristic that was underneath scrutiny for encouraging extreme display screen time, significantly amongst younger customers.
Elon Musk
Elon Musk has dedicated to analyze allegations that his social media platform, X (previously Twitter), is curbing automated posts after the Nationwide Climate Service Twin Cities, Minnesota, complained about it.
Synthetic Intelligence (AI)
Gary Marcus, a distinguished AI skilled, raised alarms about OpenAI CEO Sam Altman, who he says misled the general public about his stance on AI regulation and his monetary involvement within the firm.
OpenAI has reportedly determined to postpone the launch of a watermarking system for its ChatGPT textual content regardless of having the expertise prepared for deployment for over a yr.
The Humane AI Pin, launched in April, has been experiencing a important setback because the product has reportedly seen extra returns than gross sales from Might to August, resulting in a disaster for the corporate.
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