Music Giant Spotify’s Q1 Surprise: Investors Cheer Premium Subscriber Growth And Profit Bump
Spotify (NYSE:SPOT) reports Q1 2024 revenue of €3.64B, beating estimates. Premium revenue up 20%, MAUs up 19%, gross margin improves. Stock up 107%.
Broadcom Faces Backlash Over Licensing, EU Trade Groups Demand Investigation
Critics dismiss Broadcom's changes to cloud licensing, citing concerns over price increases, unfair terms, and bundling. EU regulators urged to investigate.
Amazon Ends Drone Deliveries in Lockeford, Sets Eye on New Arizona Site for Expansion
Amazon has stopped drone delivery in Lockeford, California, but will continue in College Station and plans to expand in Tolleson later this year.
Xiaomi’s Budget EV Makes Waves With 70,000 Lock-In Orders
Xiaomi founder Lei Jun said in an investor conference that the company aims to deliver over 100,000 SU7 vehicles this year.
‘Maybe:’ Elon Musk Hints Driverless Teslas May Debut In This US State, But Bugs Will Take Few Months To Fix
In another post, Musk said the company knows what the software will be capable of in 3 to 6 months.
Elon Musk Reacts As ARK Invest Analyst Says ‘It’s Going To Be Very Hard’ For Tesla Rivals ‘To Catch Up To Them’ In Pricing: ‘Accurate’
Elon Musk, CEO of Tesla, has given a nod of approval to ARK Invest's analysis of the company's Q1 expectations.
‘China’s Netflix’ Wants To Woo Aging Population With AI Content After Turning Profitable
This shift in strategy comes at a time when iQiyi is looking to expand its business in overseas markets as growth in China moderates.
High School Students ‘On Right Track’ With AI Tools Despite Cheating Epidemic, Says Munster; Elon Musk Agrees
rvey conducted in 2023 found that 44% of teens were likely to use AI to do their schoolwork, with 60% considering it cheating.
Microsoft Rattles OpenAI With New AI Model That’s ‘As Capable As’ GPT-3.5, While Apple Is Still Hashing Out Its Google Gemini Plans For iPhones
Microsoft's Phi-3 Mini is a new compact AI model designed to run on smartphones and laptops that is "as capable as" OpenAI's GPT-3.5.
Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco Amid Vandalism Frenzy
Musk responded to a parody video by YouTuber Ross Smith featuring two women attacking a Cybertruck.