The company’s revenue rose to above $100 billion in the quarter for the first time, and profit soared 86 percent.
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Amazon’s Profit Is Up 38% on Strong Performance
After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.
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ChatGPT maker reportedly eyes $1 trillion IPO despite major quarterly losses
On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion,...
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After teen death lawsuits, Character.AI will restrict chats for under-18 users
On Wednesday, Character.AI announced it will bar anyone under the age of 18 from open-ended chats with its AI characters starting on November 25, implementing one of the most restrictive age policies yet among AI chatbot platforms. The company faces multiple lawsuits from families who say its chatbots contributed to teenager deaths by suicide. Over...
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Nvidia Is First Company to Top $5 Trillion in Market Value Amid AI Boom
The A.I. chip maker has become a linchpin in the Trump administration’s trade negotiations in Asia.
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Microsoft Increases Investments Amid A.I. Race
The company reported higher-than-expected capital expenditures of $34.9 billion in its latest quarter.
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Meta Raises Its Spending Forecast on A.I. to Above $70 Billion
The Silicon Valley company projected more spending this year and said it would continue in 2026 as it hires A.I. researchers and builds data centers to power the technology.
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Alphabet Revenue Jumps 16% With Strong Cloud Sales
Profits also rose, to just under $35 billion, as Google Search proved resilient to A.I. alternatives.
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G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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NPM flooded with malicious packages downloaded more than 86,000 times
Attackers are exploiting a major weakness that has allowed them access to the NPM code repository with more than 100 credential-stealing packages since August, mostly without detection. The finding, laid out Wednesday by security firm Koi, brings attention to an NPM practice that allows installed packages to automatically pull down and run unvetted packages from...