Author: IQ TIMES MEDIA

Amazon earnings beat expectations in the second quarter, but it wasn’t enough to calm investors’ concerns over AI competition and its weak profit guidance.On Thursday, the e-commerce giant reported $167.7 billion in net sales and earnings of $1.68 per share, which smashed analyst estimates.Despite the strong results, the company’s stock fell 7% in after-hours trading. Investors were spooked by Amazon’s profit outlook for the third quarter, which projected operating income between $15.5 billion and $20.5 billion, against Wall Street’s estimate of $19.41 billion.From where Amazon is in the AI race to competition with Starlink, here are our four key takeaways…

SINGAPORE (AP) — The gold medals were spread around on Friday at the swimming world championships, thanks to the absence of stars Léon Marchand of France and Canadian Summer McIntosh from any finals on Day 6 in Singapore.Marchand, who has already broken the world record in the 200-meter individual medley, will try to break his own 400 IM record on Sunday, the final day.McIntosh has won three individual gold medals already and will chase two more on Saturday and Sunday as she tries for five individual golds. Only Michael Phelps has managed that at the worlds.The biggest race of the…

STANFORD, Calif. (AP) — Former Nike CEO John Donahoe has been hired as athletic director at Stanford.Donahoe will become the school’s eighth athletic director and replace Bernard Muir, who stepped down this year. He will officially begin in the role Sept. 8.“Stanford occupies a unique place in the national athletics landscape,” school president Jon Levin said in a statement. “We needed a distinctive leader — someone with the vision, judgment, and strategic acumen for a new era of college athletics, and with a deep appreciation for Stanford’s model of scholar-athlete excellence. John embodies these characteristics.”ESPN first reported the move.Donahoe graduated…

LITTLE ROCK, Ark. (AP) — A teacher who authorities say admitted to fatally stabbing a couple he didn’t know who were hiking with two of their children in an Arkansas state park is expected to have his first court appearance Friday.Andrew James McGann, 28, has been charged with two counts of capital murder in the killing Saturday of Clinton David Brink, 43, and Cristen Amanda Brink, 41. He is being held without bond and is expected to appear at the Washington County Detention Center.Arkansas State Police Col. Mike Hagar said authorities are trying to determine a motive for the attack…

2025-08-01T00:37:39Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. OpenAI is removing a feature that lets users put ChatGPT activity on search engines. The opt-in feature was a “short-lived experiment” that’ll be gone by Friday, CISO Dane Stuckey said. The feature made it easier for users to accidentally share things they didn’t mean to, Stuckey said. OpenAI quickly…

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…