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News
SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
59+ min ago (468+ words) NEW YORK, Aug 4: SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia. Shares…...
Instant View: SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
59+ min ago (367+ words) NEW YORK, Aug 4: SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses. Revenue for the second quarter ended in June…...
Pinterest expects slower quarterly revenue growth as ad competition heats up
1+ hour, 32+ min ago (305+ words) Pinterest logo is seen in this illustration taken August 5, 2025. REUTERS/Dado Ruvic/Illustration Aug 4: Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, signaling tough competition for digital advertising from bigger players including Meta's Instagram, sending…...
Analysis:Oracle Corp goes for high-stakes ratings gamble in AI strategy
4+ hour, 17+ min ago (1352+ words) Oracle logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration LONDON, Aug 4: Cloud computing giant Oracle Corp is on the cusp of a junk-grade credit rating and its shares have tanked as the artificial intelligence hyperscaler becomes…...
AI data-centre race builds $1 trillion lease burden for Big Tech
4+ hour, 19+ min ago (462+ words) Aug 4: Microsoft Corp, Meta Platforms Inc, Oracle Corp, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun, mostly for data centres needed to power the artificial intelligence boom. The commitments show that…...
AI offers 'lifeline' for emerging economies, World Bank says
8+ hour, 38+ min ago (374+ words) LONDON, Aug 4: Artificial intelligence could enable developing countries to gain a century's worth of development in a decade if they act quickly on power, connectivity and skills gaps, the World Bank said in a report on Tuesday. Widespread job losses…...
Meta, Anthropic, Google, OpenAI to meet with Trump advisers amid rogue AI agent fallout
7+ hour, 2+ min ago (275+ words) WASHINGTON, Aug 4: Meta, Anthropic, Google and OpenAI staff will meet with U.S. President Donald Trump's advisers on Tuesday about voluntary safety testing for advanced AI models, according to four sources familiar with the meeting, as concerns over rogue AI agents grow....
AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
6+ hour, 58+ min ago (242+ words) Aug 4: Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies. The startup has also launched…...
SpaceX's satellite ambitions squeeze out rivals reliant on its rockets
11+ hour, 34+ min ago (1031+ words) WASHINGTON, Aug 4: SpaceX is increasingly reserving space on its rockets to launch its own Starlink satellites, crowding out rival space companies that have long depended on Elon Musk's company to get their payloads into orbit. Starlink's share of SpaceX missions…...
CNA938 Rewind - Market Watch (12/6) #SGToday: How investors are reacting to SpaceX completing largest IPO in US history - CNA
15+ hour, 17+ min ago (104+ words) Market Watch (12/6) #SGToday: How investors are reacting to SpaceX completing largest IPO in US history CNA - The submitted value in the field_season_value element is not allowed. CNA938 Rewind - Market Watch (12/6) #SGToday: How investors are reacting to SpaceX completing largest IPO in US…...