Tuesday, November 14, 2023

Foxconn reports Q3 revenue down 12% YoY to ~$47.7B, net income up 11% YoY to ~$1.3B, and lowers the outlook for its components business to flat YoY (Bloomberg)

Bloomberg:
Foxconn reports Q3 revenue down 12% YoY to ~$47.7B, net income up 11% YoY to ~$1.3B, and lowers the outlook for its components business to flat YoY  —  - It also revised down forecast for components business segment  — Company beat average profit estimate in the September quarter



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Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...