Tag: tech giants

Electric vehicle maker Tesla is set to offer a one-month free trial to U.S. customers of its driver-assist technology, Full Self-Driving (FSD), CEO Elon Musk announced on Monday. "All U.S. cars that are capable of FSD will be enabled for a one-month trial this...

Reddit Inc. is projecting over 20% in revenue growth in 2024, the social media company stated in its initial public offering. Revenue in 2023 was $804 million according to its filing with the U.S. Securities and Exchange Commission; a 20.5% rise from the previous...

The tech-heavy Nasdaq Composite closed 0.8% lower on Tuesday as markets digested the latest earnings reports from leading tech companies. The Dow Jones Industrial Average rose 0.4% during the session, while the benchmark S&P 500 remained flat. Having fluctuated between both sides of the flatline,...

Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement. Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...

Tencent Holdings lost about $43.5 billion of its value after China's National Press and Publication Administration presented draft guidelines for new rules aimed at limiting gaming and video game spending. Shares in Tencent, NetEase, and Bilibili all slumped following the submission. Falling 12.4%, Tencent stocks...

OpenAI has entered into early discussions over launching a new round of funding in which the artificial intelligence company will have a valuation of over $100 billion. While the exact details of the funding round have not yet been divulged by the organizers, a...