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Microsoft's Cloud Business Is Growing While Google Parent Alphabet's Cloud Division Falls Short Of Revenue Projections

Even while sales at rival Microsoft's cloud division surged, Alphabet, the parent company of Google, saw its cloud business grind to a halt for the first time in at least 11 quarters, sending the stock down 5.7% after hours.   The decline in Google's stock price, even though the company...

Elon Musk's X Is About To Introduce Paid Subscriptions

Elon Musk has announced that two new premium subscription tiers for the social media network X, formerly known as Twitter, will soon be available.   "One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads," Musk said on a post on X....

US Chip Restrictions Offer Huawei An Opportunity To Take Nvidia's Place In China

Analysts predict that as a result of U.S. efforts to restrict the sale of cutting-edge artificial intelligence (AI) processors to China, Huawei Technologies will have an opportunity to grow in its $7 billion home market if Nvidia is forced to back down.   With a market share of over 90%,...

Nokia Will Sever Up To 14,000 Jobs Following A 69% Decline In Profits

Following a sharp decline in third-quarter profitability, Nokia announced on Thursday that it would eliminate up to 14,000 positions as part of a cost-cutting strategy.   The massive Finnish telecom company declared that in order to "address the challenging market environment," it will lower...

Despite Strikes, Netflix Increases Pricing And Adds New Members

Netflix smashed expectations for new customers, sending its stock rising 13% as it raised membership fees for several streaming plans in the US, the UK, and France.   According to LSEG, Netflix added nearly 9 million new members globally in the third quarter, beyond the 6 million predicted...

How employee profit-sharing schemes can build employee loyalty and boost efficiency

Company executives and human resources managers are constantly on the lookout for new methods for creating a positive workplace environment and boosting employee engagement. American firms have an employee engagement problem. Around 3.5% of the workforce is absent at any one time and, according to...

Foxconn And Nvidia Collaborate To Create 'AI Factories'

According to the firms, Foxconn, the world's largest contract electronics manufacturer, will develop a new type of data centre employing Nvidia chips and software for a variety of applications including self-driving cars.   Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang shared a...

US Saves Nvidia While Threatening China's Chipmaking Future

While denying China access to vital U.S. artificial intelligence processors, the Biden administration's sweeping new policies also secretly tossed Nvidia, Intel, and Advanced Micro Devices (AMD) a potential lifeline in one of the world's largest chip markets.   Officials at the United States...

Netflix May Raise Rates Following The Success Of The Crackdown On Password-Sharing

When streaming industry pioneer Netflix reports earnings on Wednesday, it's anticipated that it will lay the groundwork for price rises following its crackdown on password-sharing, which likely increased subscribers by approximately 6 million in the third quarter.   In order to reach the...

Dealmaking Mitigates The Impact Of Greensky And Real Estate, Goldman's Reports Better Than Expected Earnings

With a tentative comeback in dealmaking offsetting the $864 million writedown relating to its GreenSky fintech firm and real estate investments, Goldman Sachs' third-quarter profit decreased less than anticipated.   The Wall Street juggernaut reported a 33% decline in net earnings to $2.06...

Ferrari Will Accept Cryptocurrency In The US As Payments For Its Vehicles

Following requests from its affluent customers, Ferrari has begun accepting cryptocurrency payments for its high-end sports vehicles in the U.S. and will expand the programme to Europe, according to its marketing and commercial chief, who spoke to Reuters.   Since bitcoin and other...

Microsoft Seals A $69 Billion Activision Merger Following Approval From Britain

Xbox creator Microsoft completed its $69 billion acquisition of Activision Blizzard on Friday, bolstering its position in the video gaming market with top-grossing games like "Call of Duty" to more effectively fight with Sony, the market leader.   The largest gaming merger, first announced...
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