Meta posts record revenue, doubles down in AI
Meta posted higher revenue last quarter, totalling 36.8 billion euros ($40.1 billion), mainly due to increased revenues from e-commerce, entertainment and gaming, and advertising. The tech giant plans to invest twice as much in AI in the coming year.
Quarterly revenue is a record, exceeding anal... Read more
Cost and legislation of AI biggest stumbling blocks for SMEs
The use of AI solutions and applications by European companies could add an additional €600 billion to the European economy by 2030. Market researchers Strand Partners state this in a survey. One-third of European companies already have the technology in place, but that barely includes SMEs.
... Read more
ASML hits record annual revenue of 27.6 billion euros in turbulent 2023
ASML recently presented its annual figures for the turbulent year 2023. The company posted record sales of 27.6 billion euros. 2024 is expected to be a 'transition year'.
ASML recorded a total revenue of 27.6 billion euros in 2023, as stated in its annual report for last year. On an annual basis... Read more
Salesforce shares positive second quarter and aims to maintain it through AI
Salesforce is closing the second quarter with positive results. The company is trying to maintain that by betting on AI and creating a new partnership with IBM.
Salesforce had a positive quarter, with revenue up 11 percent from a year earlier. Sales totalled $8.6 billion. Based on these figures... Read more
‘PC market grows again in 2024, but need to get ready for AI’
Computer sales will increase again next year, according to predictions from IDC. The growth will bring the numbers back close to the level achieved before the pandemic.
Next year, the PC market will see the number of devices shipped rise again. IDC analysts predict a 3.7 percent growth from 202... Read more
Gartner: Revenue from AI chips climbs to 49B euros
Dedicated processors for AI solutions and applications are increasingly in demand, Gartner market researchers have found. Worldwide sales from these types of processors are growing to 49 billion euros ($53 billion) this year.
In their analysis, Gartner's market experts note that the demand for s... Read more
Apple must speak out on AI to cover up lowest sales since 2016
The iPhone is said to have seen lower sales in the past two months. Analysts say Apple will soon have to unveil future plans to keep investors happy.
Apple may see its biggest sales drop since 2016 in Q3. The reason lies in declining iPhone sales. In the period April-June, sales of these device... Read more
APIs create heaps of business revenue
The use of APIs and associated integrations drives a lot of revenue within companies.
This was found by research from Postman. According to the survey, nearly two-thirds of respondents indicated that they generate revenue using APIs. 43 percent indicate that APIs are responsible for more than a... Read more
Lower PC sales hamper Lenovo’s revenue in fiscal 2023
Lenovo suffered greatly for its final results for fiscal year 2023 due to lower PC sales. As a result, total sales for this fiscal year remained stuck at $62 billion.
Compared to 2022, total sales fell 14 percent to $62 billion. In the previous year, it was $71 billion. The main cause was the de... Read more
Samsung scales back production of memory chips
Samsung is going to reduce production of its memory chips. The reasons for this are the disappointing global economy, a chip surplus and reduced demand.
The South Korean tech giant indicated in its preliminary first-quarter financial figures that it is reducing its memory chip production to a "r... Read more