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Spotify's higher spending on marketing, AI features to hit profit

Spotify's higher spending on marketing, AI features to hit profit

By Jaspreet Singh Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
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Spotify Reaches 300 Million Premium Subscribers, Surpassing Expectations

Spotify Reaches 300 Million Premium Subscribers, Surpassing Expectations

Spotify Reaches 300 Million Premium Subscribers, Surpassing Expectations
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Yellow.ai to Go Public Through $550 Million Merger with Bluerock Acquisition Corp

Yellow.ai to Go Public Through $550 Million Merger with Bluerock Acquisition Corp

Yellow.ai to Go Public Through $550 Million Merger with Bluerock Acquisition Corp
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ServiceNow Expands Cybersecurity Business, Outpacing Competitors

ServiceNow Expands Cybersecurity Business, Outpacing Competitors

ServiceNow Expands Cybersecurity Business, Outpacing Competitors
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Intel's Q2 2026 Results Show Strong AI and Data Center Performance Amid Supply Challenges

Intel's Q2 2026 Results Show Strong AI and Data Center Performance Amid Supply Challenges

Intel's Q2 2026 Results Show Strong AI and Data Center Performance Amid Supply Challenges
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Palantir's Q2 Earnings Exceed Expectations with Strong U.S. Revenue Growth

Palantir's Q2 Earnings Exceed Expectations with Strong U.S. Revenue Growth

Palantir's Q2 Earnings Exceed Expectations with Strong U.S. Revenue Growth
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ServiceNow Achieves $1B in AI Revenue, Raising Competitive Stakes with Salesforce

ServiceNow Achieves $1B in AI Revenue, Raising Competitive Stakes with Salesforce

ServiceNow Achieves $1B in AI Revenue, Raising Competitive Stakes with Salesforce
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Hyperscalers Lead AI Market, Software Stocks Offer Value Amidst Decline

Hyperscalers Lead AI Market, Software Stocks Offer Value Amidst Decline

Hyperscalers Lead AI Market, Software Stocks Offer Value Amidst Decline
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SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge

SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge

By Akash Sriram, Joey Roulette and Sayantani Ghosh Aug 4 (Reuters) - SpaceX said on Tuesday that quarterly revenue nearly doubled and operating losses narrowed sharply in its first earnings report since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.
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AMD's AI-powered revenue forecast fails to wow investors

AMD's AI-powered revenue forecast fails to wow investors

By Anhata Rooprai and Max A. Cherney Aug 4 (Reuters) - AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.
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Workday's Q1 2027 Earnings Surpass Expectations with AI-Driven Revenue Growth

Workday's Q1 2027 Earnings Surpass Expectations with AI-Driven Revenue Growth

Workday's Q1 2027 Earnings Surpass Expectations with AI-Driven Revenue Growth
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Salesforce's Strategic Moves and AI Focus Set to Drive Stock Price Increase

Salesforce's Strategic Moves and AI Focus Set to Drive Stock Price Increase

Salesforce's Strategic Moves and AI Focus Set to Drive Stock Price Increase