Tag: fast
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Spotify forecasts strong profit as AI features start to pay off, shares surge
Oct 22 : Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, banking on its AI-powered features to drive user growth ahead of the crucial holiday season.Shares of the Swedish music streaming company rose more than 9 per cent in early trading, hitting their highest since January.
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Comcast flags over $1 billion in restructuring charges in fourth quarter
Oct 22 : Comcast on Thursday flagged more than $1 billion in charges for the fourth quarter as it changes its organizational structure, ahead of the planned spinoff of its NBCUniversal business in mid-2027.The company lost more broadband customers than expected in the third quarter as fierce competition chipp
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Meta’s credit risk indicator jumps to record high after results
Oct 22 : The cost of insuring Meta Platforms’ debt against default hit an all-time high on Monday, as investors grappled with concerns about the cost of its expanding AI build-out. Five-year credit default swaps gained 7.3 basis points to a record high of 114.5 bps and were set for its biggest one-day jump si
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Yen jumps as oil, AI and France worries rattle markets
NEW YORK, Oct 22 : The yen was on track for its strongest daily gain in almost a month on Thursday, as investors sought safety amid fragile equity markets, elevated crude prices from the drawn-out war in the Middle East, and doubts over future returns from artificial intelligence.The US dollar, meanwhile, ros
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Young giant manta rays stay close to home while adults roam more widely
Oct 22 : Anyone who has watched a manta ray glide over a reef knows how unhurried these marine animals can look. Yet researchers working off Costa Rica found their movements are varied, with juveniles staying nearby and close to shore while adults venture hundreds of kilometres.Manta rays are among the ocean’
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Nippon Steel to spend $3 billion in US Steel plant equipment upgrade, Nikkei reports
Oct 22 : Nippon Steel will invest about $3 billion in the U.S. Steel-operated Mon Valley works in Pennsylvania to upgrade the plant’s hot rolling facility, the Nikkei newspaper reported on Thursday.The move is part of the Japanese steelmaker’s pledge to invest $11 billion in U.S. Steel by 2028, following its
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Publishers, advertisers call EU, UK antitrust regulators to suspend Meta’s new commercial terms
BRUSSELS, Oct 22 : Digital advertisers and publishers lobbied on Thursday for EU and UK regulators to suspend Meta Platforms’ new commercial terms due to come into effect on October 30, alleging that these would give Meta an unlimited right to use their content for its AI services.Advocacy group the Movement
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India’s Tech Mahindra partners with SpaceXSI for AI-powered software development
Oct 22 : Indian IT services firm Tech Mahindra said on Thursday it has partnered with SpaceXSI to use AI to help companies modernise legacy applications and speed up software development.• India’s fifth-largest IT firm will also be bringing in chatbot Grok Build to set up industry-specific solutions�
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Cable capacity emerges as bottleneck for AI data centres, Nexans says
Oct 22 : Cable production capacity is emerging as a bottleneck for AI-driven data centre construction, Nexans’ finance chief said, as demand rises faster than the industry’s ability to expand manufacturing capacity.Global cable capacity is tight and building a new cross-linked polyethylene (XLPE) cable produc
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Bayern’s Diaz sidelined with hamstring injury after Arsenal draw
Oct 22 : Bayern Munich forward Luis Diaz will be out of action for the “foreseeable future” after suffering a minor muscle tear in his left hamstring during Wednesday’s 2-2 Champions League draw with visiting Arsenal, the Bundesliga club said on Thursday.The 29-year-old Colombia international came on in the 6
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