argo ai Argo AI Secures California Permit for Public Self-Driving Rides Argo AI earns a California permit to offer free public rides in its self-driving vehicles with a human safety operator present. This milestone aligns with the company's recent plan to deploy vehicles on Lyft's network.
facebook Facebook Achieves Record Ad Revenue Despite Apple's Privacy Restrictions Facebook generates $28 billion in ad revenue for the second quarter of 2021, doubling its profit from the previous year. The company warns that the full impact of Apple's App Tracking Transparency rules will likely hit harder in the upcoming quarter.
robinhood Robinhood Shares Tumble During Rocky First Day of Public Trading The popular trading app Robinhood experiences a shaky debut on the stock market as its share price drops well below the initial IPO price.
amazon Amazon Web Services Cloud Revenue Accelerates to 37% in Second Quarter Amazon Web Services reports $14.81 billion in second-quarter revenue, surpassing analyst expectations with accelerated year-over-year growth. The cloud unit continues to generate the majority of Amazon's operating income despite a slight dip in overall company stock prices.
robinhood Robinhood Stock Falls 8% in Nasdaq Debut Despite $29 Billion Valuation Robinhood starts trading on the Nasdaq under the ticker HOOD but closes down more than 8 percent on its first day. The popular trading app raises close to $2 billion while facing scrutiny over recent volatility-driven losses.
intel Intel Drones and AI Tech Transform the Tokyo Olympics Viewing Experience Intel goes beyond its famous opening ceremony drone light show by providing 3D athlete tracking, immersive replays, and 5G-enhanced broadcasts for the Tokyo Olympics.
facebook Facebook Reports Record Q2 Revenue Amid Ongoing Misinformation Criticism Facebook posts impressive second-quarter earnings with significant revenue and user growth, even as the company faces intense political pressure over COVID-19 misinformation.
facebook Facebook Beats Q2 Revenue Expectations Despite Apple Privacy Threats Facebook surpasses analyst predictions with $29 billion in Q2 revenue, but warns of significant ad targeting headwinds from Apple's recent iOS privacy updates.
openai OpenAI and GitHub Launch AI Copilot to Write and Complete Code GitHub and OpenAI introduce Copilot, an AI assistant that writes entire functions based on simple comments. The tool relies on a specialized GPT-3 model trained on billions of lines of public code.
covariant Covariant Secures $80M to Expand Universal AI for Warehouse Robots Berkeley-based AI startup Covariant raises an $80 million Series C round to accelerate global expansion and grow its workforce. The funding brings the company's total valuation to $147 million as it deploys its universal robotic manipulation technology across multiple industries.
apple Apple Services Revenue Hits $17.5 Billion Amid Record Subscriber Growth Apple's services division generates $17.5 billion in the third fiscal quarter of 2021, marking a 33 percent increase over the previous year. The tech giant also surpasses 700 million paid subscriptions across its various platforms.
microsoft Microsoft Beats Q4 Earnings Expectations as Azure Growth Hits 51% Microsoft reports strong fiscal Q4 earnings with $46.2 billion in revenue, driven by a 51% surge in Azure growth. Despite beating analyst expectations, the company's shares fall slightly in after-hours trading.
aleph alpha German Startup Aleph Alpha Raises $27M to Build Europe's Answer to OpenAI Aleph Alpha secures $27 million in Series A funding to develop GPT-3-like AI models under strict European regulations. The startup aims to provide a sovereign, GDPR-compliant AI infrastructure for the region.
alphabet Alphabet Crushes Q2 Expectations as Ad Revenue Surges 69 Percent Alphabet reports massive second-quarter earnings that easily beat analyst estimates, driven by a huge jump in advertising and YouTube revenue. The tech giant also shows significant improvement in its Google Cloud business despite ongoing operating losses.
apple Apple Smashes Revenue Records With $81.4 Billion in Fiscal Q3 2021 Apple reports massive year-over-year growth for its June quarter, driven by double-digit increases across all product categories and a surging services division.