Spotify ended the third quarter with 306 million paying subscribers, up 9% from a year earlier, according to its third-quarter update, published on Thursday. Monthly active users rose 11% to 788 million. Revenue grew 16% to €4.97 billion, or 14% at con…
Some of the people working on a possible SpaceX-Tesla merger worry that Elon Musk’s public comments could draw shareholder scrutiny and delay the process by several weeks, Reuters reported on Thursday. Milana Vinn of Reuters heard this from a person wi…
Tesla’s profit fell 43% in the third quarter as it spent heavily on AI, robots and self-driving cars. Net income came in at $787 million, down from $1.37 billion a year earlier, according to Tesla’s third-quarter update, published on Wednesday. Revenue…
A new draft of Anthropic’s S-1, the prospectus for its IPO, puts its possible computing spend at $750bn over the coming years. That includes deals it is still negotiating. Anissa Gardizy reported the figures for The Wall Street Journal, which saw the d…
SpaceX made more money from artificial intelligence than from Starlink in the third quarter, as total revenue rose 161% to $14.6bn. The company also swung to a net profit of $4.4bn, from a $1.1bn loss a year earlier, according to its quarterly results,…
Netflix expects lower fourth-quarter profit than Wall Street forecast and has cut its annual advertising revenue target. The streaming company reported its third-quarter results on Tuesday, October 20, and its shares fell almost 6% in after-hours tradi…
Supermicro expects to report revenue of $18.5bn to $19.5bn for the three months to September, against the $14.5bn to $15.5bn it had guided. The AI server maker put the gap down to “increased demand for AI platforms”. The company published the prelimina…
Shares in Elice, a South Korean AI data centre company, fell 32% on their first day of trading in Seoul on Tuesday. It was the worst debut on record for a Korean IPO of $100m or more, according to data compiled by Bloomberg, as Yoolim Lee and Youkyung …
OpenAI is trying to speed up a funding round of about $30bn to secure investor commitments before Anthropic lists its shares in mid-November. The round could value the ChatGPT maker at more than $ 1.4 trillion. Reuters reported the plan on Monday, citi…
Elon Musk’s pledge covers shares from his own stake, and he says it is only the first giveaway. He posted the pledge on X early on Monday, hours after Anthropic set out its own share plan. “Next year, I will give one of my SpaceX shares to every kid in…