Nvidia reported earnings and revenues that beat analysts’ expectations as demand for graphics and artificial intelligence chips picked up in the second fiscal quarter. Nvidia reported revenues of $ 2.58 billion, down from $ 3.12 billion a year ago, for the second fiscal quarter, which ended July 31. Non-GAAP earnings per share were $ 1.24, […]
The Facebook Inc. logo is displayed for a photograph on an Apple Inc. iPhone in Washington, D.C., U.S., on Wednesday, March 21, 2018. Facebook is struggling to respond to growing demands from Washington to explain how the personal data of millions of its users could be exploited by a consulting firm that helped Donald Trump […]
Getty Images The marriage of Amazon’s power couple, which has spanned the transformation of the company from online bookstore to massive e-commerce platform, is officially over. Amazon founder Jeff Bezos and his ex-wife, MacKenzie Bezos, officially finalized their divorce Friday, Bloomberg reports. As a result, MacKenzie Bezos is set to gain millions of shares of […]
In certain key regions of the world, consoles are king for traditional game releases. Consumers in the United States spend more on console games than PC, for example. But that dynamic is not universally true. In China, consoles have only just started to find their footing after the government ended its ban on such devices […]
Millimeter wave spectrum will deliver the fastest version of 5G services, and after six months of semi-secretive auctions, the Federal Communications Commission has finally announced the winners of 28GHz and 24GHz U.S. spectrum. The commission raised over $ 2.7 billion across the auctions, and the winners were mostly major players in the telecom industry: AT&T […]
Uber posted $ 1 billion in losses last quarter on $ 3 billion in revenue in its first quarterly report released as a public company on Thursday. (Josh Edelson/AFP/Getty Images) Faiz Siddiqui San Francisco-based tech reporter covering automation and the future of transportation, including Tesla, Uber and Lyft May 30 at 7:09 PM Uber lost […]
The US Navy is seeking to create an archive of at least 350 billion social media posts from around the world, in order to study how people talk online. The military project team has not specified which social media platform it intends to collect the data from. The posts must be publicly available, come from […]
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Last September, Uber’s top executives were pitched by some of Wall Street’s biggest banks, Morgan Stanley and Goldman Sachs. The bankers’ presentations calculated Uber’s valuation almost identically, hovering around one particular number: $ 120 billion. That was the figure the bankers said they could convince investors Uber was worth when it listed its shares on […]
The biggest Silicon Valley initial public offering in years turned out to be less lofty than expected. Uber priced its public offering on Thursday at $ 45 a share, near the bottom of its expected price range, valuing the ride-hailing company at about $ 82.4 billion. It raised $ 8.1 billion from the I.P.O. While […]
SAN FRANCISCO — Uber expects to be worth as much as $ 91 billion when it starts selling shares next month, making its initial public offering one of the largest in the history of the technology industry. With its amended prospectus, filed with the Securities and Exchange Commission on Friday, the ride-hailing company is kicking […]
SAN FRANCISCO — Facebook said on Wednesday that it expected to be fined up to $ 5 billion by the Federal Trade Commission for privacy violations. The penalty would be a record by the agency against a technology company and a sign that the United States was willing to punish big tech companies. The social […]
(Reuters) — Facebook on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $ 3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. […]
(Reuters) — Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($ 26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly […]
Artist’s impression of a superflare on an L-dwarf. University of Warwick/Mark Garlick It’s small but it’s mighty: A tiny star the size of Jupiter has been observed giving off a stellar flare of truly epic proportions. The massive superflare was 10 times more powerful than any flare from our Sun and is raising questions about […]