Author: IQ TIMES MEDIA
On Thursday, Amazon CEO Andy Jassy scrambled to calm investor concerns over growth at the company’s cloud and AI business.Wall Street wasn’t buying it.Jassy fielded tough analyst questions about AWS growth and its position in the AI race. The stock tumbled 7% in after-hours trading, weighed down by disappointing profit guidance and Jassy’s vague responses on AI.During the call, Jassy was asked about rival companies’ “significantly faster cloud growth.” AWS reported revenue growth of 17%, a far slower rate than Microsoft and Google’s cloud businesses.Jassy said AWS has a much bigger revenue base, which makes comparing growth rates difficult. He…
A Singapore-based deep tech startup called SixSense has developed an AI-powered platform that helps semiconductor manufacturers predict and detect potential chip defects on production lines in real time. It has raised $8.5 million in Series A bringing its total funding to around $12 million. The round was led by Peak XV’s Surge (formerly Sequoia India & SEA), with participation from Alpha Intelligence Capital, FEBE, and others. Founded in 2018 by engineers Akanksha Jagwani (CTO) and Avni Agarwal (CEO), SixSense aims to address a fundamental challenge in semiconductor manufacturing: converting raw production data, from defect images to equipment signals, into real-time…
As the earth experiences hotter and hotter summers, new research using data from California emergency departments shows that the heat may be making us sicker than we know, and in ways we may not anticipate.A study published Wednesday in the journal Science Advances tracked emergency department visits and fatalities in the state over the course of 11 years and found that while deaths increased both in cold and hot temperatures, especially among older adults, emergency room visits steadily increased as temperatures did – particularly among young children.Subscribe to The Post Most newsletter for the most important and interesting stories from…
Amazon CEO Andy Jassy sees an opportunity to deliver ads to users during their conversations with the company’s AI-powered digital assistant, Alexa+, he said during Amazon’s second-quarter earnings call Thursday. “People are excited about the devices that they can buy from us that has Alexa+ enabled in it. People do a lot of shopping [with Alexa+]; it’s a delightful shopping experience that will keep getting better,” said Jassy on the call with investors and Wall Street analysts. “I think over time, there will be opportunities, as people are engaging in more multi-turn conversations, to have advertising play a role to…
Reddit wants to be your go-to search engine.Google might be near synonymous with online search, but Reddit believes it can take a piece of that internet traffic pie.”Reddit is one of the few platforms positioned to become a true search destination. We offer something special: a breadth of conversations and knowledge you can’t find anywhere else,” Reddit said in its Q2 report on Thursday. “Every week, hundreds of millions of people come to Reddit looking for advice, and we’re turning more of that intent into active users of Reddit’s native search.”Reddit said its core search product has 70 million weekly…
CANTON, Ohio (AP) — On his third team in his fifth season, Trey Lance played like a No. 3 overall pick.Lance threw for 120 yards and two touchdowns, and the Los Angeles Chargers beat the Detroit Lions 34-7 in the Hall of Fame game that kicked off the NFL’s preseason Thursday night.“Big night for Trey. Just played calm, cool, collected, ran the operation, threw the ball really well,” Chargers coach Jim Harbaugh said.The game opened with a moment of silence for the four people killed earlier this week by a shooter who was targeting league headquarters in New York.The gunman…
Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up considerably. One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million, representing 93% of the company’s total revenue. Last month, Reddit launched two new features for advertisers: Reddit Insights, a tool that leverages the billions of posts and comments on the platform to spot trends and offer real-time insights for campaign strategies, and Conversation Summary Add-ons,…
President Donald Trump and his top health officials are pursuing a new initiative that will allow people to share their personal health and medical records with doctors and hospitals.Technology giants Apple, Amazon, Google and Open AI as well as health industries companies UnitedHealth Group and CVS Health are among more than 60 companies that have agreed to develop standards to share health information across computer systems.Trump touted the idea of eliminating redundancies such as filling out paperwork at multiple health providers offices.”This will allow patients to easily transmit information from one doctor to another,” Trump said during a July 30…
Figma went public on Thursday at a $19.3 billion valuation, three years after Adobe was set to acquire the design company for almost the same amount. By market close, Figma’s stock had more than tripled its IPO price, valuing the company at nearly $68 billion, giving many of the company’s Silicon Valley investors, and one nonprofit, a massive windfall. Figma’s IPO has easily become the hottest IPO of the year and a target of pent-up public market demand after a three-year tech IPO drought. The company even threw a massive block party in front of the New York Stock Exchange…
Apple on Thursday signaled that it’s getting more serious about its plans to catch up in the AI race. “We see AI as one of the most profound technologies of our lifetime. We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments,” CEO Tim Cook said on the Q3 2025 earnings call with investors. “Apple has always been about taking the most advanced technologies and making them easy to use and accessible for everyone, and that’s at the heart of our AI strategy,” he added. Cook expanded on those comments…