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Underwater cables are a vital piece of the AI buildout and internet — investment is booming
Over 95% of international data and voice call traffic travels through nearly a million miles of underwater communication cables. These cables carry government communications, financial transactions, email, video calls and streaming around the world. The first commercial telecommunication subsea cable was used for telegraphs and was laid across the English Channel between Dover, England and […]
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Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple […]
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Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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Duolingo stock plunges 27% on light guidance as company prioritizes user growth
Duolingo‘s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. “We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as such a big opportunity ahead […]
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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the […]
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Google’s rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google is making its most powerful chip yet widely available, the search giant’s latest effort to try and win business from artificial intelligence companies […]
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Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Snap shares climbed as much as 25% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51 […]
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Qualcomm reports earnings, revenue beat and issues strong forecast
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | Reuters Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $3.00 adjusted […]
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Pinterest plunges 20% after weak results as tariffs drag on ad revenue
Silas Stein | Picture Alliance | Getty Images Pinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. However, the platform’s […]
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Lyft, United Airlines launch loyalty program months after Delta partnership ends
Lyft customers can once again earn miles toward their next flight. The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines. Once linked, riders can earn one mile for every dollar spent on Standard […]
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