Apple projects tariff costs will hit $1.1B next quarter

Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an increase from the previous period, CEO Tim Cook announced during the company’s earnings call with investors on Thursday. These cost projections, based on current rates and policies,…

Amazon CEO wants to put ads in your Alexa+ conversations

Amazon CEO Andy Jassy sees an opportunity to deliver ads to users during their conversations with the company’s AI-powered digital assistant, Alexa+. He shared this vision during Amazon’s second-quarter earnings call. Jassy highlighted the excitement around Alexa+-enabled devices and the…

Female-founded semiconductor AI startup SixSense raises $8.5M

A Singapore-based deep tech startup called SixSense has developed an AI-powered platform that helps semiconductor manufacturers predict and detect potential chip defects on production lines in real time. The company has raised $8.5 million in Series A funding, bringing its…

Apple has now sold 3 billion iPhones

Apple has sold 3 billion iPhones since the product launched in 2007, according to Apple CEO Tim Cook during the company’s third-quarter earnings call. It took Apple nine years to sell its first billion iPhones, a milestone reached in 2016.…

Reddit revenue soars as it bets on AI and advertising

Reddit reported its second-quarter earnings on Thursday, highlighting a significant focus on AI-driven growth. The company’s advertising business remains its primary revenue source, generating $465 million and accounting for 93% of total revenue. This growth is supported by AI-powered marketing…