Sam Bankman-Fried’s lawyers revealed details of his planned testimony in his FTX fraud trial. The testimony would cover three key areas: The letter to the judge raised doubts about whether Bankman-Fried would take the witness stand. While earlier statements indicated his intention to testify, the recent letter hinted that his decision might depend on the… Continue reading Sam Bankman-Fried’s lawyers reveal his planned testimony in FTX fraud trial

The article discusses Meta’s financial performance in the third quarter. While the company reported strong results, including a 23% increase in revenue and a 164% jump in net income, it expressed caution about potential advertising softness due to the ongoing Israel-Hamas conflict. Meta’s CFO mentioned that they observed softer ads at the start of the… Continue reading Meta shares dip following cautious commentary about unrest in the Middle East

A study from the University of Illinois Chicago’s Center for Urban Economic Development reveals that Amazon warehouse workers are experiencing physical injuries and mental stress due to the company’s focus on speed and extensive surveillance. The survey, which included 1,484 current Amazon workers across 42 states and 451 facilities, indicates that nearly 70% of employees… Continue reading Amazon’s focus on speed, surveillance drives higher warehouse worker injuries, study finds

Apple has raised the prices for several of its flagship services, including Apple TV+, Apple Arcade, and the bundled offering, Apple One. This price increase follows a previous hike in October 2022. Specifically, the monthly cost of Apple TV+ has been raised to $9.99 from $6.99, with the annual package now costing $99 instead of… Continue reading Apple raises price of Apple TV+ to $9.99 a month

Alphabet, the parent company of Google, saw an approximately 8% decline in its shares following the release of its third-quarter earnings, which fell short of analyst estimates, particularly in terms of Google Cloud revenue. While the company exceeded Wall Street’s expectations for overall revenue and earnings per share, it reported cloud revenue of $8.41 billion,… Continue reading Alphabet stock falls 8% on cloud miss as investors praise Microsoft Azure growth

Wall Street analysts are lauding Microsoft’s fiscal first-quarter earnings report for its impressive performance. Microsoft shares surged approximately 4% in Wednesday morning trading following the report. Microsoft exceeded expectations with earnings per share of $2.99, surpassing the consensus estimate of $2.65. The company also outperformed revenue expectations, reporting $56.52 billion for the quarter compared to… Continue reading Microsoft shares rise as Wall Street heralds ‘strong execution,’ wider AI rollout

Verizon’s stock has surged by over 8%, marking its best daily performance in nearly 15 years. This surge followed the company’s third-quarter earnings report, where it exceeded analysts’ expectations for adjusted earnings per share and revenue. Verizon posted $33.34 billion in revenue, surpassing the estimated $33.25 billion, and reported adjusted earnings per share of $1.22,… Continue reading Verizon stock soars toward its best day in almost 15 years

Chinese augmented reality (AR) company Xreal has unveiled its next-generation AR glasses, the Xreal Air 2 and Xreal Air 2 Pro. These lightweight glasses are designed to offer a more comfortable and user-friendly experience. The glasses allow users to have large-screen experiences, such as streaming services or gaming, and can connect to smartphones, game consoles,… Continue reading Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple

Alphabet, the parent company of Google, is set to report its third-quarter earnings, and analysts are closely watching for several key figures. Wall Street analysts, as surveyed by LSEG (formerly Refinitiv), are expecting earnings per share of $1.45 and revenue of $75.97 billion. Other important numbers include expectations for YouTube advertising revenue at $7.81 billion… Continue reading Alphabet to report third-quarter earnings after the bell

Netflix’s venture into the gaming industry, initiated almost two years ago, has seen its game library grow from 24 to 77 games over the past year. While subscriber engagement with these games has been somewhat lackluster, Netflix sees this as part of its long-term strategy. The company’s Co-CEO, Greg Peters, explained that they are following… Continue reading Netflix aims to ‘crawl, walk, run’ when it comes to video games. It’s still crawling

Apple is increasing its investment in generative artificial intelligence (AI) products, with plans to spend around $1 billion annually in this area. This move is seen as an effort to catch up with competitors like Google, Microsoft, and Amazon, who have already introduced various AI products and features. While Apple has integrated AI into its… Continue reading Apple, caught by surprise in generative AI boom, to spend $1 billion per year to catch up: Report

Claude AI, developed by Anthropic, offers a free and convenient solution for summarizing lengthy PDFs and other document types. Users can upload PDFs, DOCX, CSV, or TXT files directly to Claude. By issuing a simple command like “Summarize PDF,” you can receive a concise summary of the document, saving you time on extensive reading. Claude… Continue reading Claude AI can summarize text from PDFs for free. Here’s how to use it