Sign in Subscribe

TECH NEWS

Airbnb Exceeds Estimates in Q2, Sees More Robust Growth on the Horizon

Airbnb Exceeds Estimates in Q2, Sees More Robust Growth on the Horizon

Airbnb (NASDAQ: ABNB) reported higher-than-projected second-quarter earnings Wednesday, beating Wall Street estimates on revenue and profit, demonstrating the resiliency of the travel industry amidst a turbulent macroeconomic environment. For the second quarter, Airbnb posted revenue of $3.10 billion, 13% higher than the $2.75 billion that was reported in

Tesla Pays Elon Musk $29 Billion in Stock During Court Fight Over Earlier $56 Billion Compensation Plan

Tesla Pays Elon Musk $29 Billion in Stock During Court Fight Over Earlier $56 Billion Compensation Plan

Tesla has granted CEO Elon Musk a new interim pay package worth around $29 billion, giving him 96 million Tesla shares. The action, disclosed in a Monday regulatory filing, is being taken while the electric vehicle (EV) manufacturer is waiting for the Delaware Supreme Court to rule on a disputed

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

Tesla Responsible in Part for Fatal Autopilot Accident, Told to Pay Up to $242.5 Million

In a historic verdict, a Miami jury held that Tesla should pay part of $329 million in damages after one of its Autopilot systems caused a fatal crash in 2019. The court held the electric vehicle manufacturer 33% liable for the accident, ordering $129 million in compensatory damages and $200

Amazon’s Cloud Business Grows 18% in Q2 Amid Intensifying AI Competition

Amazon’s Cloud Business Grows 18% in Q2 Amid Intensifying AI Competition

Amazon Web Services (AWS), the cloud computing division of Amazon, reported a solid 18% year-over-year revenue growth in the second quarter of 2025, reaching $30.87 billion. This performance slightly surpassed analysts' expectations of $30.8 billion and underscores the growing reliance on cloud infrastructure in the era of

Samsung's Profit Drops Over 50% As Chip Business Collapses—But There Are Glimmers of Hope

Samsung's Profit Drops Over 50% As Chip Business Collapses—But There Are Glimmers of Hope

Samsung Electronics recorded a dramatic drop in its second-quarter operating profit, with numbers falling over 50% from the same period last year. The South Korean electronics giant reported a Q2 operating profit of 4.7 trillion Korean won ($3.38 billion), falling short of analyst forecasts and indicating the severe

LG Energy Solution Inks $4.3 Billion Battery Supply Agreement; Counterparty Not Named Amid Tesla Rumors

LG Energy Solution Inks $4.3 Billion Battery Supply Agreement; Counterparty Not Named Amid Tesla Rumors

South Korean battery maker LG Energy Solution signed a significant $4.3 billion battery supply deal, as revealed by a regulatory filing released on Wednesday. The agreement, to be held through July 2030, is notable not merely by its magnitude but due to the mystery over its buyer—the counterparty

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Chinese e-commerce and tech giant Alibaba announced its bold foray into the smart glasses space with the imminent launch of its AI-driven Quark AI Glasses. The new product is Alibaba's inaugural venture into wearable smart technology and is set to compete with Meta's smart glasses, which