Technology

general motors

General Motors Seeks US Approval for Autonomous Cars

General Motors Company and its subsidiary Cruise sought approval from US regulators last February 19 to build and deploy autonomous vehicles. The American automotive manufacturer filed a petition seeking a permit from the National Highway Traffic Safety Administration (NHTSA). This move mainly aims to put Origin, a self-driving car, into commercial service. Accordingly, it does …

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Roblox

Roblox Bookings Weaken as Gaming Frenzy Dwindles

Roblox Corporation on Tuesday delivered lower quarterly bookings as the pandemic-driven demand for the gaming platform declined. The online game developer reported bookings of $770.12 million in the fourth quarter. The figure missed the average market estimate of $772.00 million and the previous $1.90 billion record. Accordingly, bookings refer to Roblox’s virtual currency, “Robux.” Players …

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TMN - AMD

AMD Completes Record $50B Purchase of Xilinx

On Monday, Advanced Micro Devices, Inc. (AMD) completed its $50.00 billion worth of all-stock purchase of FPGA designer Xilinx. This transaction marks the largest move of AMD, giving the firm an edge in the high performance computing space (HPC). Experts anticipated the global HPC market to elevate from $37.80 billion in 2020 to $49.40 billion …

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TMN - Qualcomm

Qualcomm Gives Solid Outlook as Phone Chip Sales Soar

Qualcomm Inc. delivered a strong outlook for the fiscal second quarter as smartphone chip sales soared in the holiday period. In the company’s latest guidance, the estimated adjusted earnings were between $2.80 to $3.00 per share. The projection edged up from the average analysts’ estimate of $2.51. Consequently, the world’s largest chipmaker forecasted a revenue …

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TMN - paypal

PayPal Projects Slower Growth in the First Quarter

PayPal Holdings, Inc. projected slower growth in the first quarter, pointing to several factors contributing to the cautious outlook. Currently, the financial technology company faces inflationary pressures, weaker consumer sentiment, and a supply crunch. The said problems have a more pronounced impact on spending, specifically among the firm’s lower-income customers. At the same time, PayPal …

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