(Reuters) -Online travel platform Expedia missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending. Shares of the company were down close to 5% in after-market trading. They have fallen more than 9% since the start…
WASHINGTON (Reuters) -Microsoft does not allow its employees to use an artificial intelligence app developed by Chinese AI startup Deepseek, due to concerns related to data vulnerability as well as Chinese propaganda, President Brad Smith said on Thursday. Speaking at a Senate hearing on winning the AI race with China, Smith said the company also…
(Reuters) -Paramount Global beat Wall Street estimates for first-quarter revenue and profit on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses. The company’s direct-to-consumer business, which includes streaming platforms Paramount+, BET and PlutoTV, was strengthened by its originals and post-theatrical releases such as “Gladiator II”. The segment posted revenue of $2.04…
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(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language. The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertainties and concerns about a…
By Fabian Cambero SANTIAGO (Reuters) -Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by…
(Reuters) -Beyond Meat on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States added further pressure on faux-meat makers already struggling with weak consumer demand. It had earlier forecast annual net revenue of $320 million to $335 million. The company’s shares were down 5.5% in extended trading after…
By Arsheeya Bajwa and Stephen Nellis (Reuters) – Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries. While Arm’s fourth-quarter revenue slightly beat analysts’ estimates, companies across the board have provided cautious quarterly…
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(Reuters) -Mosaic beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business. The results come as the agrichemical industry braces for potential fallout from U.S. President Donald Trump’s sweeping tariffs on most imports, which are expected to lower demand and curb farmers’ spending. Mosaic’s fertilizer business in South…
