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March 9, 2025
Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. The Seattle-based tech company said it earned $13.5 billion for the April-June period, higher than the $10.99 billion industry analysts surveyed by FactSet had anticipated. Amazon earned $6.7 billion during the same period
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Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025.
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Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. The fiscal third-quarter results announced Thursday covered an April-June period that’s typically a sluggish stretch
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LOS ANGELES (AP) — More than 300 video game performers and Hollywood actors picketed in front of the Warner Bros. Studios building on Thursday to protest against what they call an unwillingness from top gaming companies to protect union voice actors and motion capture workers equally against the unregulated use of artificial intelligence. Standing before
READ MORELONDON (AP) — The European Union’s world-first artificial intelligence law formally took effect on Thursday, marking the latest milestone in the bloc’s efforts to regulate the technology. Officials say the Artificial Intelligence Act will protect the “fundamental rights” of citizens in the 27-nation bloc while also encouraging investment and innovation in the booming AI industry.
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SAN FRANCISCO (AP) — Investments in artificial intelligence will account for a significant increase in Facebook parent company Meta’s expenses in the coming year, but stronger-than-expected revenue from its advertising business was enough to reassure investors that its business is on the right track. Meta Platforms Inc. reported stronger-than-expected results for the second quarter on
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DETROIT (AP) — U.S. road safety investigators say they will look into an April crash near Seattle after authorities determined that a Tesla was operating on the company’s “Full Self-Driving” system when it hit and killed a motorcyclist. The National Highway Traffic Safety Administration said Wednesday that it is gathering information on the crash from
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NEW YORK (AP) — A global Microsoft Azure outage that impacted a range of services for consumers Tuesday — from reports of stalling Outlook emails to trouble ordering on Starbucks’ mobile app — was triggered by a distributed denial of service cyberattack, according to the tech giant. Microsoft Azure, a cloud computing platform used by
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Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage this month that disrupted emergency services, communications and thousands of businesses. Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as “the tens of millions of dollars per
READ MOREDETROIT (AP) — Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company’s “Full Self Driving” system at the time of the crash. Investigators from the Washington State Patrol made the discovery after downloading information from the event-data recorder on the 2022
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