Elon Musk, the owner of X (formerly known as Twitter), has announced the introduction of two new subscription tiers for users of the social media platform. One of these tiers will offer “lower cost with all features, but no reduction in ads,” while the other will be “more expensive, but has no ads.” This move… Continue reading X, formerly Twitter, will launch two new subscription tiers, Elon Musk says

Tesla’s stock price declined over 6% following the release of third-quarter results that fell short of expectations. The electric automaker reported revenue of $23.35 billion and adjusted earnings of 66 cents per share, marking the first time Tesla missed on both earnings and revenue since Q2 2019. During an investor call, CEO Elon Musk expressed… Continue reading Tesla shares sink 6% following earnings report, cautious commentary from Elon Musk

Netflix reported a substantial boost in subscriber growth, with a net addition of 8.76 million global subscribers during the quarter, surpassing Wall Street’s estimates and marking the largest quarterly increase since Q2 2020. The surge in subscribers was attributed to efforts to crack down on password sharing and the interest in its new ad-supported tier.… Continue reading Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise

X, formerly known as Twitter, has announced a test that charges new users an annual fee of $1 to “post and interact with other posts” as part of its “Not A Bot” program. The move is aimed at combating spam and bot activity on the social media platform. The test will initially be conducted in… Continue reading X, formerly Twitter, tests charging new users $1 to tweet, retweet

Top Apple analyst Ming-Chi Kuo has forecasted a significant decline in MacBook shipments for 2023, projecting a year-over-year decrease of around 30% to 17 million units. Kuo attributes this decline to a notable decrease in demand for the new 15-inch MacBook Air, particularly after the back-to-school shopping period. He also anticipates that MacBook shipments during… Continue reading Top Apple analyst says MacBook demand has fallen ‘significantly’

Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard marks a major shift, with gaming now central to the company’s future. In the span of less than a decade, Phil Spencer, who heads Microsoft’s gaming division, has played a pivotal role in transforming the perception of gaming within the tech giant. The move to… Continue reading Meet Microsoft games chief Phil Spencer, who helped drive $69 billion Activision deal

The U.S. Department of Commerce has announced plans to implement new restrictions on the sale of advanced artificial intelligence (AI) chips to China, further tightening the control over exports of AI-related technology. These rules aim to address potential loopholes that arose after previous restrictions on AI chip exports took effect last year. For the full… Continue reading U.S. curbs export of more AI chips, including Nvidia H800, to China

LinkedIn, a subsidiary of Microsoft, is cutting nearly 700 employees, primarily from its engineering department, in response to slowing year-over-year revenue growth. The social network for professionals has seen its revenue growth slow for eight consecutive quarters, growing by just 5% in the second quarter. LinkedIn’s membership has been growing steadily, but its revenue has… Continue reading Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here

As the conflict between Israel and Hamas escalates, Israel’s tech community faces unique challenges but continues to display remarkable resilience. Dvir Ben-Aroya, co-founder of Spike, a workplace collaboration platform serving clients such as Fiverr, Snowflake, Spotify, and Wix, shared his experience. He was awakened by blaring alarms and the sight of missiles over Tel Aviv,… Continue reading How Israel’s tech community is responding to the Israel-Hamas war

This article highlights the growing significance of artificial intelligence (AI) in Meta’s operations, with AI taking center stage at its annual Connect conference, overshadowing discussions on the metaverse. Meta sees AI, particularly its large language model (LLM) called Llama, as a critical focus for the company’s present and future. Llama is considered an open-source alternative… Continue reading Meta’s unique approach to developing AI puzzles Wall Street, but techies love it

Meta, the parent company of Facebook, is intensifying its efforts to combat violent posts and misinformation on its platforms, particularly in the context of the Israel-Hamas conflict. Under pressure from European regulators and the European Union’s Digital Services Act, which requires monitoring and removal of illegal content in Europe, Meta is taking several steps. The… Continue reading Meta says it’s stepping up misinformation enforcement during Israel-Hamas war

Microsoft has successfully completed its $69 billion acquisition of video game publisher Activision Blizzard, marking the largest deal in Microsoft’s history. This acquisition, which faced regulatory challenges from U.S. and European authorities, grants Microsoft access to a substantial portfolio of popular video game franchises, including Call of Duty, Crash Bandicoot, Diablo, Overwatch, StarCraft, Tony Hawk… Continue reading Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review