Technology
- BusinessAssociated Press
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. Meta's shares fell almost 16% in after-hours trading.
2-min read - BusinessYahoo Finance
Stock market today: Tesla surges 12%, stocks go nowhere amid earnings rush
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
1-min read - BusinessTechCrunch
JioCinema, the Indian streaming service, launches 35-cent tier to box out Netflix and Prime Video
JioCinema, the popular Indian on-demand video-streaming service, introduced a new monthly subscription plan on Wednesday, with the lowest tier costing just 35 cents. The revamp in the pricing strategy comes as the market-leading service seeks to exert greater pressure on rivals including Netflix and Prime Video and "redefine the narrative of premium entertainment." The service — backed by Asia's richest man, Mukesh Ambani — introduced two monthly tiers: Indian rupees 89 ($1), featuring support
2-min read - TechnologyTechCrunch
Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M
In a recent StackOverflow poll, 44% of software engineers said that they use AI tools as part of their development processes now and 26% plan to soon. Gartner estimates that over half of organizations are currently piloting or have already deployed AI-driven coding assistants, and that 75% of developers will use coding assistants in some form by 2028. Ex-Microsoft software developer Igor Ostrovsky believes that soon, there won't be a developer who doesn't use AI in their workflows.
5-min read - BusinessEngadget
JetBlue's in-flight entertainment system just got a watch party feature
JetBlue's in-flight entertainment system just got a watch party feature. The company’s Blueprint system also offers content recommendations.
2-min read - BusinessYahoo Finance
Apple looks to Southeast Asia, India as hedge against China difficulties
Apple is looking to increase its manufacturing presence in Southeast Asia and its market share in India as China troubles loom.
4-min read - NewsAssociated Press
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp.'s planned campus in Nashville, Tennessee, will serve as the business software giant's world headquarters, placing it in a city that's a center for the U.S. health care industry, company Chairman Larry Ellison said. Ellison spoke about Oracle's plans for its Nashville offices during a conversation about health care technology with former U.S. Sen. Bill Frist at the Oracle Health Summit on Tuesday.
2-min read