Samsung has reported a record consolidated revenue of 76.78 trillion Korean won (US$54 billion) for the third quarter of 2022, but it has also posted a decline in profit from the previous quarter and year-over-year. The tech giant’s operating profit (K…
Meta confirms next-generation Quest headset is coming in 2023
The $1500 Meta Quest pro may have just gone on sale, but the company is already teasing the next version in its line of cheaper VR headsets. During the company’s latest earnings call, outgoing CFO Dave Whener said “the next generation of the consumer …
Ford CEO Farley explains the business factors behind Argo AI’s shuttering
Shortly after news broke Wednesday afternoon that its self-driving subsidiary Argo AI would be wound down, Ford CEO Jim Farley joined in on the company’s Q3 earnings call and spoke at length about how senior management came to that decision. “It’s esti…
Amazon issues ill-timed advice after driver dies of apparent dog attack
One day after an Amazon driver in Missouri died of an apparent dog attack, some workers are accusing the company of sending an ill-timed, tone-deaf message in light of the incident. On Wednesday, Vice News reported that some drivers received a “Dog Awa…
Xbox Game Pass accounts for 15 percent of Microsoft’s gaming revenue, says Phil Spencer
Microsoft’s Game Pass service is profitable and accounts for about 15 percent of the company’s overall Xbox content and services revenue. Microsoft Gaming chief Phil Spencer shared the tidbit of information in an on-stage interview at The Wall Street J…
Meta says it will lose even more money on the metaverse in 2023
A year later, Meta’s pivot to the metaverse is proving even more expensive. Reality Labs is losing more money than ever, Facebook’s parent company disclosed in its latest earnings report.Reality Labs, the unit that oversees the company’s virtual and au…
Team Ninja’s ‘Wo Long: Fallen Dynasty’ comes to consoles and PC on March 3rd
You’ll have to wait a few months if you want to see Team Ninja’s latest take on Nioh-style demon slaying. Koei Tecmo has confirmed that Wo Long: Fallen Dynasty arrives March 3rd for PS4, PS5, Xbox One, Xbox Series X/S and PC (via the Microsoft Store an…
Autonomous vehicle startup Argo AI is shutting down
Autonomous vehicle company Argo AI is shutting down. In an earnings report, Ford (a major investor in Argo AI) noted that the company is being wound down and that it will hire engineers from the startup to expand and speed up development of Level 2+ an…
GM says it’s ready to power all its US facilities with renewable energy by 2025
General Motors is on track to secure 100 percent of the electricity it needs to power all of its US facilities with renewable energy by 2025. On Wednesday, the automaker announced it recently finalized the sourcing agreements it needs to make that feat…
Apple’s new iCloud web interface is much more useful than before
iCloud has been available on the web for a long time, but you might not have rushed to use it given a basic and sometimes clunky interface. You might have a reason to give it another look, though. Apple has introduced a beta iCloud web client that pres…