In a move that could reshape the digital advertising landscape, Google, under its parent company Alphabet, is venturing into new territory with its AI-powered Search Generative Experience (SGE). During the third-quarter earnings announcement, Google revealed its ambition to leverage SGE not only for search but as a sustainable revenue generator. This development has the potential … [Read more…]
Alphabet, the parent behind Google and all associated businesses, released numbers for Q3-2023. And while CEO Sundar Pichai may have officially stated to be “pleased” with the financial results, the street thinks otherwise. As Google Cloud continued to show a slowing growth for fourth consecutive quarter, Alphabet’s stock price nose dived by over 6% in … [Read more…]
In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track to acquire the India operations of mass media and entertainment giant Walt Disney. According to several reports, the Indian conglomerate is on the cusp of finalizing a monumental cash and stock deal with Walt Disney Co. in a bid to secure a significant … [Read more…]
Paytm parent One97 has reported yet another decent financial quarter. The fintech giant, for the quarter ended September 2023, narrowed its quarterly losses, even as it witnessed a significant growth in its revenue. Paytm recorded a consolidated revenue of ₹2,519 crore in Q2, marking a remarkable 32% increase compared to the revenue of ₹1,914 crore … [Read more…]
In a strategic move to align with the Indian government’s “Make in India” initiative and expand its presence in one of the world’s fastest-growing smartphone markets, Google revealed its intentions to produce Pixel smartphones in India. The announcement was made during Google’s annual “Google for India” event, emphasising the company’s commitment to the Indian market … [Read more…]
In the latest news of Elon Musk trying to turn X – the erstwhile Twitter – into a more commercial app, the micro-blogging platform is now moving towards yet another paid subscription model. This one claims to combat spam and bot activity while providing a more premium experience for its users. In an official statement, … [Read more…]
Atlassian, a prominent provider of team collaboration and productivity software, has announced entering into a definitive agreement to acquire Loom, the popular video messaging platform. The deal values the over 25Mn+ users’ platform at nearly $1Bn. This strategic move by Atlassian is significant in the context of the ongoing global shift towards distributed work. With … [Read more…]
Samsung, the South Korean tech giant, reported a preliminary third-quarter profit drop of 78%, which, while significant, is not as severe as expected. This, according to experts, is an indication that the battered memory chip market might be on the path to recovery. The company’s estimated operating profit for the quarter was 2.4 trillion won … [Read more…]
In 2023, the PC market faced both challenges and glimmers of hope. According to Gartner, worldwide PC shipments in the third quarter of 2023 experienced a 9% decrease compared to the same period in 2022. This decline marked the eighth consecutive quarter of contraction, painting a rather grim picture for the industry. In India, the … [Read more…]
The popularity of ChatGPT saw OpenAI roll out a mobile-only version of the AI-powered chatbot earlier this year. And the app itself has been quite popular, if the statistics are any indication. On the contrary though, the rate of revenue growth and installs has slowed, according to media reports and analysis firm Appfigures. A TechCrunch … [Read more…]