Thursday, August 10, 2023

Alibaba reports Q1 revenue up 14% YoY to ~$32.2B, beating analyst estimates of ~$31.1B, and a ~$4.7B net income, as its core e-commerce arm returned to growth (Bloomberg)

Bloomberg:
Alibaba reports Q1 revenue up 14% YoY to ~$32.2B, beating analyst estimates of ~$31.1B, and a ~$4.7B net income, as its core e-commerce arm returned to growth  —  - Core e-commerce returned to growth for first time in a year  — Alibaba is trying to revive its business in a volatile economy



Yandex co-founder and former CEO Arkady Volozh denounces Russia's Ukraine invasion as "barbaric", as Yandex plans a spin off in Russia from its Dutch parent (Alexander Marrow/Reuters)

Alexander Marrow / Reuters:
Yandex co-founder and former CEO Arkady Volozh denounces Russia's Ukraine invasion as “barbaric”, as Yandex plans a spin off in Russia from its Dutch parent  —  The co-founder of Russian internet giant Yandex (YNDX.O), Arkady Volozh, on Thursday condemned what he described as Russia's …



Realme 11 5G, Realme 11x 5G to launch in India soon

Realme is set to launch the Realme 11 5G and Realme 11x 5G smartphones in India. The Realme 11 5G is confirmed to feature a circular camera bump, dual rear cameras with a 108MP main camera and 3x lossless zoom. It will be powered by an octa-core MediaTek Dimensity 6100+ chipset and supported by a 5000mAh battery. The smartphone is expected to be available on Flipkart and authorised retail stores in the country. Realme also confirmed the launch of Realme Air 5 Pro true wireless earbuds with the smartphones. https://ift.tt/vAm5QkS

Wednesday, August 9, 2023

Dell reportedly laid off employees in sales department

Dell is set to layoff more employees as part of restructuring and transformation, with a spokesperson confirming that some of the sales team will be affected. The company has not confirmed how many employees will be impacted by this round of layoffs. Dell President of Sales and Customer Operations, Bill Scannell, stated this shift represents the "most significant alteration to date" in Dell's Go-To-Market approach. Dell's revenue has been adversely affected by the decline in PC sales, with 55% of its revenue coming from computer business. https://ift.tt/E1iy7uP

CCDH: ChatGPT, Bard, My AI, DreamStudio, Dall-E, and Midjourney generated "pro-anorexia" content 41% of the time when asked about common eating disorder topics (Geoffrey A. Fowler/Washington Post)

Geoffrey A. Fowler / Washington Post:
CCDH: ChatGPT, Bard, My AI, DreamStudio, Dall-E, and Midjourney generated “pro-anorexia” content 41% of the time when asked about common eating disorder topics  —  Disturbing fake images and dangerous chatbot advice: New research shows how ChatGPT, Bard, Stable Diffusion …



Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6 (Cecilia D'Anastasio/Bloomberg)

Cecilia D'Anastasio / Bloomberg:
Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6  —  Take-Two Interactive Software Inc., the company behind video games like Grand Theft Auto, rose in extended trading …



UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...