On Thursday, TSMC beat revenue and profit expectations in the Q1 earnings report, mostly thanks to continued strong demand for advanced chips, particularly those used in AI applications. “Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC.  (Image Credit: tsmc She added, “Moving into second quarter 2024, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies, partially offset by continued smartph ..read more

In an unpredicted move on Thursday, Netflix said that it no longer report quarterly subscriber numbers and average revenue per membership starting in the first quarter of 2025. This is a decision interpreted as a signal that the streaming giant may be reaching a plateau in its years-long battle for customers in the streaming landscape. (Image Credit: netflix This is a significant change for the company and for the so-called “streaming wars,” which have largely been defined by a race for customers. Netflix wants investors to judge the company by the same metrics executi ..read more

One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the company this week announced tools to encourage locals to develop AI applications. “In China today, there are 1 billion internet users, strong foundation models, sufficient AI application scenarios and the most complete industrial system in the world,” CEO Robin Li said in his opening speech at Baidu’s annual AI developers conference on Tuesday. (Image Credit: shutterstock) Baidu AI tools Baidu’s newly announced AI tools allow people with no coding knowledge to create generative AI powere ..read more

There there no slowing of the layoffs in the tech industry as Google announced restructuring plans, which involve some employees being laid off. Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs. (Image Credit: google) The Google spokesperson said the layoffs are not company-wide and that affected employees will be able to apply for internal roles, but did not specify the number of employees impacted nor the teams involved.  Google layoffs As ..read more

On Tuesday, United Airlines Holdings forecast stronger-than-expected earnings in the current quarter, after reporting a narrower-than-expected loss in the Q1, on robust demand for travel. United Airlines, a prominent customer of Boeing, has been hit by the planemaker’s safety crisis. Boeing’s troubles forced it to scale down its total aircraft delivery estimates for this year by 25% to 66 jets. (Image Credit: united) The Boeing situation is rippling through the industry, compelling airlines to adjust their fleet plans at a time travel demand is projected to hit record levels. Boeing  ..read more

BYD the Chinese electric car company is rapidly expanding its lineup to include vehicles that can give competition to traditional automakers in the mass market. The EV company is ready to compete with Tesla on the premium end and Jeep in the off-road segment. BYD has unveiled three new models, including two concept cars, under its premium brand Fangchengbao as the Chinese electric vehicle giant ramps up efforts to sell into higher-priced segments. (Image Credit: byd) On Tuesday, BYD unveiled its Fang Cheng Bao brand: an off-road “Leopard 8” SUV, a “Super 3″ SUV geared toward city driving and a ..read more

TSMC (Taiwan Semiconductor Manufacturing Co) the dominant producer of advanced chip used in AI applications, is expected to report a 5% rise in Q1 profit on Thursday thanks to strong demand. The world’s largest contract chipmaker TSMC, whose customers include Apple and Nvidia, has seen a rise in profit from a surge towards AI. The TSMC’s surge in profit has helped it weather the tapering off of pandemic-led electronics demand and pushed it’s stock to a record high. (Image Credit: tsmc) TSMC Q1 profit TSMC is set to report a net profit of T$217.2 billion ($6.71 billion) for the&n ..read more

JPMorgan Chase CEO, Jamie Dimon gives a warning that inflation, wars and Fed policy will have a major impact on the U.S. economy. Jamie Dimon warned on Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop. As per JPMorgan Chase this will threaten an otherwise positive economic backdrop. (Image Credit:jpmorganchase) “Many economic indicators continue to be favorable,” the head of the largest U.S. bank by assets JPMorgan Chase said in announcing first-quarter earnings results. “However, looking ahead, we remain alert to a number of s ..read more

Apple loses top spot to Samsung  as it’s smartphone shipments dropped about 10% globally in the first quarter of 2024. iPhone shipments dropped, hurt by intensifying competition by Android smartphone makers like Samsung aiming for the top spot, International Data Corporation showed on Sunday. (Image Credit; apple) Apple iPhone shipments plunged by pressure of double-digit growth in shipments also by Chinese challengers Xiaomi and Transsion, also per the report. Samsung top phonemaker The iPhone-maker’s Apple loses top spot and its steep sales decline comes after i ..read more

CEO of McKissack & McKissack, Deryl McKissack, 62-year-old started her business with $1,000 now it brings in over $25 million a year. She said: ‘I just had to do this’. Deryl McKissack’s career is a culmination of effort from five generations. Deryl McKissack is the president and CEO of McKissack & McKissack, the Washington, D.C.-based construction management and design firm behind some of today’s most recognizable buildings from building the Smithsonian African American Museum of History and Culture to repairing the Abraham Lincoln and Thomas Jefferson memorials. (Image Credit: linked ..read more