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The HackerNoon Newsletter: Teslas Good Quarter (10/28/2024)

Tesla's back on the menu, baby! The world's most valuable car company became even more valuable this past week after it posted its quarterly results, and boy, they were something to marvel at. The company's profits were up — by 17% from last year — while sales grew 8% when compared to the same period in 2023. More importantly, not only did Elon Musk's company say that it was producing cars at their cheapest levels yet, but that it was producing them at record volumes. On top of that, Musk said it expected Tesla's vehicle sales to grow 20% to 30% next year as it introduces more affordable models in the first half of 2025. Naturally, investors went crazy, and the company's stock recorded their biggest single-day gain in over a decade on Thursday — a day after the results were released — adding nearly $150 billion to the company's market value. This couldn't have come at a better time for Musk as Wall Street was becoming increasingly concerned that Tesla was focusing a little too much on new projects like the robotaxi, away from its core business of selling electric cars. In fact, when Tesla announced the robotaxi and the so-called Cybercab at its "We, Robot" event just a few weeks prior, its stock dropped around 9% — indicating investors' dislike of Musk's plan to transform Tesla into an artificial intelligence and robotics company. Never the one to shy away from proving his naysayers wrong, Musk isn't giving up on the promise of offering autonomous transport at a "cost per mile below rideshare, personal car ownership and even public transit." Some would argue that is a bold goal, while others would point to the long list of Musk's broken promises. I'm just wondering if Musk is trying to reinvent public transportation 😂 I'm not alone, since Tesla investors are also wondering how Musk plans to pull off his grand vision, with Reuters reporting that Musk's optimism on having driverless ride-hailing services in California and Texas next year is likely going to face an uphill battle due to regulatory and technical challenges. One element that is not being discussed at all is of course Musk's relationship with Donald Trump. It's still too early to call who will win the elections, since both Trump and Kamala Harris are neck to neck, but if Trump were to become the next US president, Musk will benefit from it one way or the other. Trump has, in recent days, praised Musk's SpaceX on at least two occasions: once at an event in Chicago hosted by Bloomberg, and the second during his appearance on the Joe Rogan podcast. Musk has also been a part of Trump's campaign trail and has made numerous appearances during the Republican candidate's rallies, including the most recent one at Madison Square Garden. In fact, Trump has gone as far as to indicate he will appoint Musk as the head of a new government efficiency commission if he gets elected to office. But there might be more at play here. Trump has been very vocal about imposing tariffs on goods coming from foreign countries, including cars, due to a belief that it would generate jobs in America and boost the economy. Such a move would directly benefit Musk since Tesla can't compete against Chinese electric car makers, meaning any policy that makes them more expensive in the US would be a net positive for one of the world's richest men. For now, Musk can bask in the glory of his company's quarterly win. As things heat up, I'll be around to report on it. Tesla ranked #9 on HackerNoon's Tech Company Rankings this week. GET PUBLISHED ON HACKERNOON.
Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. In Other News.. 📰 Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk
Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch
X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN
Microsoft's AI demand under scrutiny as investors seek payday — via Reuters
Meta strikes multi-year AI deal with Reuters — via Axios
How I turned ChatGPT into my tour guide in Italy — via CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tesla 's back on the menu, baby! Tesla Tesla The world's most valuable car company became even more valuable this past week after it posted its quarterly results, and boy, they were something to marvel at. The company's profits were up — by 17% from last year — while sales grew 8% when compared to the same period in 2023. More importantly, not only did Elon Musk's company say that it was producing cars at their cheapest levels yet, but that it was producing them at record volumes. On top of that, Musk said it expected Tesla's vehicle sales to grow 20% to 30% next year as it introduces more affordable models in the first half of 2025. producing producing Naturally, investors went crazy, and the company's stock recorded their biggest single-day gain in over a decade on Thursday — a day after the results were released — adding nearly $150 billion to the company's market value. recorded recorded This couldn't have come at a better time for Musk as Wall Street was becoming increasingly concerned that Tesla was focusing a little too much on new projects like the robotaxi, away from its core business of selling electric cars. In fact, when Tesla announced the robotaxi and the so-called Cybercab at its "We, Robot" event just a few weeks prior, its stock dropped around 9% — indicating investors' dislike of Musk's plan to transform Tesla into an artificial intelligence and robotics company. dropped dropped Never the one to shy away from proving his naysayers wrong, Musk isn't giving up on the promise of offering autonomous transport at a "cost per mile below rideshare, personal car ownership and even public transit." Some would argue that is a bold goal, while others would point to the long list of Musk's broken promises. I'm just wondering if Musk is trying to reinvent public transportation 😂 I'm not alone, since Tesla investors are also wondering how Musk plans to pull off his grand vision, with Reuters reporting that Musk's optimism on having driverless ride-hailing services in California and Texas next year is likely going to face an uphill battle due to regulatory and technical challenges. how reporting reporting One element that is not being discussed at all is of course Musk's relationship with Donald Trump. It's still too early to call who will win the elections, since both Trump and Kamala Harris are neck to neck, but if Trump were to become the next US president, Musk will benefit from it one way or the other. Trump has, in recent days, praised Musk's SpaceX on at least two occasions: once at an event in Chicago hosted by Bloomberg, and the second during his appearance on the Joe Rogan podcast. hosted hosted appearance appearance Musk has also been a part of Trump's campaign trail and has made numerous appearances during the Republican candidate's rallies, including the most recent one at Madison Square Garden. In fact, Trump has gone as far as to indicate he will appoint Musk as the head of a new government efficiency commission if he gets elected to office. recent recent head head But there might be more at play here. Trump has been very vocal about imposing tariffs on goods coming from foreign countries, including cars, due to a belief that it would generate jobs in America and boost the economy. Such a move would directly benefit Musk since Tesla can't compete against Chinese electric car makers, meaning any policy that makes them more expensive in the US would be a net positive for one of the world's richest men. For now, Musk can bask in the glory of his company's quarterly win. As things heat up, I'll be around to report on it. Tesla ranked #9 on HackerNoon's Tech Company Rankings this week. GET PUBLISHED ON HACKERNOON. Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. GET PUBLISHED ON HACKERNOON. GET PUBLISHED ON HACKERNOON . GET PUBLISHED ON HACKERNOON Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. In Other News.. 📰 In Other News.. 📰 Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN Microsoft's AI demand under scrutiny as investors seek payday — via Reuters Meta strikes multi-year AI deal with Reuters — via Axios How I turned ChatGPT into my tour guide in Italy — via CNBC Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk CoinDesk CoinDesk Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch TechCrunch TechCrunch X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN CNN CNN Microsoft's AI demand under scrutiny as investors seek payday — via Reuters Reuters Reuters Meta strikes multi-year AI deal with Reuters — via Axios Axios Axios How I turned ChatGPT into my tour guide in Italy — via CNBC CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan , Editor, Business Tech @ HackerNoon Sheharyar Khan Sheharyar Khan *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here . here here

Tesla's Good Quarter

Teslova dobrá čtvrť

Teslas gutes Quartal

El buen trimestre de Tesla

テスラの好調な四半期

테슬라의 좋은 분기

Тесланын жакшы кварталы

Quartier Malamu ya Tesla

Quarter-ka Wanaagsan ee Tesla

Семоҳаи хуби Tesla

Ang Magandang Quarter ng Tesla

Teslaning yaxshi kvartal

The Noonification: The Good Quarter (8/25/2024)

The Noonification: The Good Quarter (8/14/2024)

The past two weeks, I've focused on some of the bigger news coming out of this earnings season, so I thought it was only fair to recap all the results I did not get a chance to cover. Here's a breakdown of what the magnificent 7 reported recently, minus Nvidia, which is yet to report its results. You can find my coverage of Google here. If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! Amazon The ecommerce giant had a good quarter. Net sales rose 10% year over year to $148 billion while profit more than doubled to $13.5 billion from a year earlier. Despite the spectacular results, Amazon warned that its online sales weren't growing as much because consumers were looking for deals, alluding to platforms like Temu and Shein that have severely undercut the company's prices by shipping products directly from mainland China. Not one to be bested, Amazon has already started onboarding Chinese sellers on its website and is looking to attract small and medium-size sellers that could utilize its logistics network to export overseas. Amazon landed #30 on HackerNoon's Tech Company Rankings page. Apple The maker of iPhones also had a good quarter. Revenue was up 5% year over year while profit rose close to 8% to $21.4 billion from a year ago. Despite facing weakness in China, the company believes it can woo customers with its next iPhone launch which will come with deep AI integrations. Perhaps anticipating this launch, Google went ahead and announced that its next Pixel lineup will be powered using AI processors, specifically the Tensor G4, to help the phone understand text, images and audio. Would Apple's next smartphone top that? It might. Apple actually has a leg up on Google on AI processors, having invested in developing AI-integrated processors — such as the A-series and M-series — as part of a shift to edge computing i.e. have users' phones do the heavy lifting of processing instead of on the cloud or the back end. That experience makes Apple uniquely positioned to compete against Google's hardware, especially considering that Google's proliferation in the smartphone market is negligible. Meta The OG social media company reported an increase in financial metrics across the board. Profit was up 73% to $13.5 billion after revenue rose 22% year over year to $39.1 billion. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," Mark Zuckerberg said of the results. That latter part of his statement is interesting. Unlike ChatGPT, which requires a separate app or browser tab, Meta AI is actually integrated in ALL of Meta's offerings, chiefly Instagram, but also WhatsApp (which is used by over a billion people around the globe), and Facebook Messenger. That means users utilizing any of Meta's apps don't need to leave it for their search queries, the way they would for ChatGPT or any other AI assistant. Exactly how being the most used AI assistant in the world positions Meta AI against ChatGPT is yet to be seen, but all that data Meta is probably gathering could give it leverage in the long run. Instagram ranked #1 on HackerNoon's Tech Company Rankings page. Microsoft ChatGPT-backer Microsoft also reported a strong quarter, with revenue rising 15% year over year to $64.7 billion while profit up 10% to $22 billion from a year ago. Despite the results, investors couldn't help but get worried about a slowdown in the company's cloud business and the cost associated with building the company's AI infrastructure, which essentially leaves less in profit for investors or other business ventures. Wall Street has been getting jittery on AI recently, raising questions about how soon it can make a buck on the technology. At Microsoft, the company says it could be monetized over 15 years and beyond. I wonder where that would leave the rest. Microsoft ranked #2 on HackerNoon's Tech Company Rankings page. Tesla Elon Musk's electric car maker did not fare as well as the rest, reporting a drastic drop in its profit, down 42% year over year to $1.81 billion. Tesla's achilles heel appears to be its costs, and the company said as much when it attributed an increase in expenses on AI projects — which could include perfecting the company's autopilot mode for cars. One would assume that Musk is laser-focused on realizing the autopilot technology but recently redirected 12,000 of Nvidia's (NVDA) widely-in-demand H100 GPUs that were slated for Tesla over to his social media company X instead. This did not slip under the radar of an outspoken Democrat lawmaker, who recently wrote to the Tesla board suggesting that she may call on US regulators to discuss whether an intervention at the company was necessary given Musk's apparent conflicts of interest. In her letter, Elizabeth Warren cited Musk's role in SpaceX, Neuralink, The Boring Company, and X Corp. as examples of the billionaire juggling various enterprises and said the Tesla CEO "may not be adequately addressing his competing priorities." While Musk's other ventures are privately held, Tesla is not, and thus subject to securities law. Warren believes the Tesla board is doing a disservice to other shareholders by letting Musk run amok. The letter comes as the United States heads into elections, with Musk publicly coming out in support of Donald Trump — even going as far as to host the former US President on his social media platform X to boost the  Republican Presidential nominee's popularity and reach. Is Warren's letter politically motivated? One would hope not, but the intrigues of Washington and the frustration of the American public with the establishment is perhaps why Trump was able to become President in the first place. Tesla ranked #9 on HackerNoon's Tech Company Rankings page. In Other News.. 📰 Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk
Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch
How Elon Musk has turned X into a pro-Trump machine — via CNN
Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters
The chatbot wars get personal — via Axios
Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. The past two weeks, I've focused on some of the bigger news coming out of this earnings season , so I thought it was only fair to recap all the results I did not get a chance to cover. bigger news bigger news this earnings season this earnings season Here's a breakdown of what the magnificent 7 reported recently, minus Nvidia, which is yet to report its results. You can find my coverage of Google here . here here If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing ! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today ! start writing Start writing today Amazon Amazon The ecommerce giant had a good quarter . Net sales rose 10% year over year to $148 billion while profit more than doubled to $13.5 billion from a year earlier. ecommerce giant ecommerce giant good quarter good quarter Despite the spectacular results, Amazon warned that its online sales weren't growing as much because consumers were looking for deals, alluding to platforms like Temu and Shein that have severely undercut the company's prices by shipping products directly from mainland China. Amazon Amazon warned warned severely undercut severely undercut Not one to be bested, Amazon has already started onboarding Chinese sellers on its website and is looking to attract small and medium-size sellers that could utilize its logistics network to export overseas. started onboarding started onboarding Amazon landed #30 on HackerNoon's Tech Company Rankings page. Amazon Amazon Tech Company Rankings Tech Company Rankings Apple Apple The maker of iPhones also had a good quarter . Revenue was up 5% year over year while profit rose close to 8% to $21.4 billion from a year ago. maker of iPhones maker of iPhones good quarter good quarter Despite facing weakness in China, the company believes it can woo customers with its next iPhone launch which will come with deep AI integrations. believes believes Perhaps anticipating this launch, Google went ahead and announced that its next Pixel lineup will be powered using AI processors, specifically the Tensor G4, to help the phone understand text, images and audio. Google Google announced announced Would Apple's next smartphone top that? It might. Apple actually has a leg up on Google on AI processors, having invested in developing AI-integrated processors — such as the A-series and M-series — as part of a shift to edge computing i.e. have users' phones do the heavy lifting of processing instead of on the cloud or the back end. That experience makes Apple uniquely positioned to compete against Google's hardware, especially considering that Google's proliferation in the smartphone market is negligible . Apple Apple negligible negligible Meta Meta The OG social media company reported an increase in financial metrics across the board. Profit was up 73% to $13.5 billion after revenue rose 22% year over year to $39.1 billion. OG social media company OG social media company increase increase "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," Mark Zuckerberg said of the results. That latter part of his statement is interesting. Unlike ChatGPT , which requires a separate app or browser tab, Meta AI is actually integrated in ALL of Meta's offerings, chiefly Instagram , but also WhatsApp (which is used by over a billion people around the globe), and Facebook Messenger. ChatGPT ChatGPT Instagram Instagram WhatsApp WhatsApp Facebook Facebook That means users utilizing any of Meta's apps don't need to leave it for their search queries, the way they would for ChatGPT or any other AI assistant. Exactly how being the most used AI assistant in the world positions Meta AI against ChatGPT is yet to be seen, but all that data Meta is probably gathering could give it leverage in the long run. Meta Meta Instagram ranked #1 on HackerNoon's Tech Company Rankings page. Instagram Instagram Tech Company Rankings Tech Company Rankings Microsoft Microsoft ChatGPT-backer Microsoft also reported a strong quarter, with revenue rising 15% year over year to $64.7 billion while profit up 10% to $22 billion from a year ago. Microsoft Microsoft Despite the results, investors couldn't help but get worried about a slowdown in the company's cloud business and the cost associated with building the company's AI infrastructure, which essentially leaves less in profit for investors or other business ventures. get worried get worried Wall Street has been getting jittery on AI recently, raising questions about how soon it can make a buck on the technology. At Microsoft, the company says it could be monetized over 15 years and beyond. make a buck make a buck I wonder where that would leave the rest. Microsoft ranked #2 on HackerNoon's Tech Company Rankings page. Microsoft Microsoft Tech Company Rankings Tech Company Rankings Tesla Tesla Elon Musk's electric car maker did not fare as well as the rest, reporting a drastic drop in its profit, down 42% year over year to $1.81 billion. electric car maker electric car maker drastic drop drastic drop Tesla 's achilles heel appears to be its costs, and the company said as much when it attributed an increase in expenses on AI projects — which could include perfecting the company's autopilot mode for cars. Tesla Tesla One would assume that Musk is laser-focused on realizing the autopilot technology but recently redirected 12,000 of Nvidia 's (NVDA) widely-in-demand H100 GPUs that were slated for Tesla over to his social media company X instead. Nvidia Nvidia X X This did not slip under the radar of an outspoken Democrat lawmaker, who recently wrote to the Tesla board suggesting that she may call on US regulators to discuss whether an intervention at the company was necessary given Musk's apparent conflicts of interest. wrote wrote In her letter , Elizabeth Warren cited Musk's role in SpaceX, Neuralink, The Boring Company, and X Corp. as examples of the billionaire juggling various enterprises and said the Tesla CEO "may not be adequately addressing his competing priorities." letter letter While Musk's other ventures are privately held, Tesla is not, and thus subject to securities law. Warren believes the Tesla board is doing a disservice to other shareholders by letting Musk run amok. The letter comes as the United States heads into elections, with Musk publicly coming out in support of Donald Trump — even going as far as to host the former US President on his social media platform X to boost the  Republican Presidential nominee's popularity and reach. coming out coming out Is Warren's letter politically motivated? One would hope not, but the intrigues of Washington and the frustration of the American public with the establishment is perhaps why Trump was able to become President in the first place. Tesla ranked #9 on HackerNoon's Tech Company Rankings page. Tesla Tesla Tech Company Rankings Tech Company Rankings In Other News.. 📰 In Other News.. 📰 Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch How Elon Musk has turned X into a pro-Trump machine — via CNN Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters The chatbot wars get personal — via Axios Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk CoinDesk CoinDesk Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch TechCrunch TechCrunch How Elon Musk has turned X into a pro-Trump machine — via CNN CNN CNN Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters Reuters Reuters The chatbot wars get personal — via Axios Axios Axios Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan , Editor, Business Tech @ HackerNoon Sheharyar Khan Sheharyar Khan *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here . here here

The Good Quarter

**SHERMAN OAKS, United States, May 14th, 2024/GamingWire/--**Xsolla, a global video game commerce company, published the Spring 2024 edition of "The Xsolla Report: The State of Play” today. Launched on the heels of the Game Developers Conference (GDC) 2024, this extensive report provides invaluable insights into the emerging trends and pivotal shifts impacting the gaming industry in the short and long term.  It sets the stage to significantly shape the future of mobile gaming, deepen academic connections within the gaming ecosystem, and redefine investment patterns. In an era where mobile gaming commanded a 49% share of the global market in 2023, this edition of "The State of Play" sheds light on the evolving landscape of mobile gaming. The report navigates through the advancements in global compliance and regulation, including the Digital Markets Act in Europe's new player engagement strategies, offering a glimpse into the potential future of mobile gaming monetization and distribution. It discusses the impact of cross-platform play and the importance of innovative monetization models, providing actionable insights for developers and industry stakeholders. "The State of Play" emphasizes the importance of academia in the growth and diversification of the gaming industry. It explores how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. This edition underlines the symbiotic relationship between the gaming industry and academic institutions, highlighting programs that significantly impact students and the industry. Berkley Egenes, Chief Marketing and Growth Officer at Xsolla, comments: "As we introduce the latest edition of 'The State of Play,' we're not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone. This initiative goes beyond our commitment to innovation and growth within the gaming industry. It's about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience. Our focus is on providing platforms and tools that foster creative opportunities, international exposure, and the development of unique projects, ensuring that the future of gaming is accessible to all. We aim to empower every player and developer worldwide, ensuring the gaming landscape is as diverse and dynamic as its community." The report offers an in-depth analysis of the gaming industry's current investment climate, including funding trends, mergers, and acquisitions. It outlines the shifts in investment patterns, from the heights of the pandemic-induced boom to a more measured approach in 2024. "The State of Play" provides a roadmap for navigating the industry's financial aspects, offering insights into strategic investment opportunities and forecasting future trends. Featuring expert commentary from industry voices like Mukul Aurora, Co-founder of Appsoleut Games; Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google; Karla Reyes, Founder and Studio Director, Anima Interactive, the Xsolla Report: The State of Play is now available for complimentary download. To secure your copy and gain invaluable insights into the gaming industry, visit our website:  xsolla.pro/txr-spring24 Contact PR Director Derrick Stembridge Xsolla d.stembridge@xsolla.com 919-971-7855 This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SHERMAN OAKS, United States, May 14th, 2024/GamingWire/--**Xsolla, a global video game commerce company, published the Spring 2024 edition of "The Xsolla Report: The State of Play” today. Launched on the heels of the Game Developers Conference (GDC) 2024, this extensive report provides invaluable insights into the emerging trends and pivotal shifts impacting the gaming industry in the short and long term.  It sets the stage to significantly shape the future of mobile gaming, deepen academic connections within the gaming ecosystem, and redefine investment patterns. In an era where mobile gaming commanded a 49% share of the global market in 2023, this edition of "The State of Play" sheds light on the evolving landscape of mobile gaming. The report navigates through the advancements in global compliance and regulation, including the Digital Markets Act in Europe's new player engagement strategies, offering a glimpse into the potential future of mobile gaming monetization and distribution. It discusses the impact of cross-platform play and the importance of innovative monetization models, providing actionable insights for developers and industry stakeholders. "The State of Play" emphasizes the importance of academia in the growth and diversification of the gaming industry. It explores how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. This edition underlines the symbiotic relationship between the gaming industry and academic institutions, highlighting programs that significantly impact students and the industry. Berkley Egenes, Chief Marketing and Growth Officer at Xsolla, comments: "As we introduce the latest edition of 'The State of Play,' we're not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone. This initiative goes beyond our commitment to innovation and growth within the gaming industry. It's about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience. Our focus is on providing platforms and tools that foster creative opportunities, international exposure, and the development of unique projects, ensuring that the future of gaming is accessible to all. We aim to empower every player and developer worldwide, ensuring the gaming landscape is as diverse and dynamic as its community." The report offers an in-depth analysis of the gaming industry's current investment climate, including funding trends, mergers, and acquisitions. It outlines the shifts in investment patterns, from the heights of the pandemic-induced boom to a more measured approach in 2024. "The State of Play" provides a roadmap for navigating the industry's financial aspects, offering insights into strategic investment opportunities and forecasting future trends. Featuring expert commentary from industry voices like Mukul Aurora, Co-founder of Appsoleut Games; Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google; Karla Reyes, Founder and Studio Director, Anima Interactive, the Xsolla Report: The State of Play is now available for complimentary download. To secure your copy and gain invaluable insights into the gaming industry, visit our website: xsolla.pro/txr-spring24 xsolla.pro/txr-spring24 xsolla.pro/txr-spring24 Contact PR Director Derrick Stembridge Xsolla d.stembridge@xsolla.com 919-971-7855 This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Xsolla Releases Quarterly Insights Report On The Future Of Gaming And Game Development

Story written using the unofficial Axios Template. Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. The lead: Reality Labs, the VR subsidiary of Meta and makers of the Oculus headset, passed $1B in Q4 Revenue, according to Meta’s earning call. Zuck said, “I expect (Quest 3) to continue to be the most popular mixed reality device.” Why it matters: Meta paid $2-ish billion for Oculus / Reality Labs when it had $23M in yearly revenue. That’s 87X yearly revenue. And now ten-ish years later, here it is as $4B+ yearly revenue business. Not only do these revenue numbers show that early adopters are ready and willing to pay for a premium mixed reality interface, but also once again shows it’s hard to bet against Zuckerberg.  He consistently guesses what market will grow, buys the emerging startup in that space, and throws them into the Facebook growth engine. Flashback: CNN’s Brandon Griggs wrote: “How is this awkward marriage going to work? Maybe it won’t: Facebook moms and Millennial gamers are an uneasy mix.” Driving the news: The Apple Vision Pro also came out this week, and I’m sure folks at Apple believe it will in fact become the most popular mixed reality device. Some of the best reviews are by MKBHD, Casey,  and of course, by The Simpsons 8 years ago. Will people wear these in public? To combat this isolated astronaut vibe, Meta teamed up with Ray Ban to also offer smart glasses - as the Vision Pro evolves, I think there could be versions that look more and more like sun glasses, or we as a society may just learn to accept our fate as a heavily goggled people. Reality check: At $4k each, Apple will need to sell 1M units to reach the $4M in yearly revenue, Reality Labs 4th quarter revenue rate. In the first ten days, they sold 200k units. And Apple’s already built the infrastructure of 520 premium physical stories to distribute these devices about as fast as they can make them around the world, but am unsure how much that will matter in the future of hardware device sales. The mixed reality headset wars are on! Just think of how much money there is to be made on unique chargers! The big picture: When it comes to these mixed reality headsets, what use cases will drive adoption? Meta’s steered into gaming, and now Apple’s steering into productivity. But both want to sell on this is just a cool fucking device with the earliest access to computing’s next interface. And no one truly knows what use case will drive market share until it does. What they’re saying: Ma.tt Mullenweg blogged three paragraphs detailing a rough first experience and onboarding with the Apple Vision Pro  before concluding: “Just like I learned to type I think I’m going to need to learn to become fluent in this new interaction paradigm. I did have a before and after feeling, like the world had shifted, not unlike when you saw the first iPod or iPhone.” Be smart: Screens are not essential to the internet. We’ve been raised on them, through them we interacted with the cloud of information. Maybe it’s not flat. Maybe it’s a goggle. Maybe it’s a Google. Maybe it’s an Apple. Maybe it’s this Meta. Are you reading this from your mixed reality headset? Probably not yet. Write your own Axios Style story [template]. Story written using the unofficial Axios Template. Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. Story written using the unofficial Axios Template . Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. Story written using the unofficial Axios Template The lead: The lead: Reality Labs, the VR subsidiary of Meta and makers of the Oculus headset, passed $1B in Q4 Revenue, according to Meta’s earning call . Zuck said, “I expect (Quest 3) to continue to be the most popular mixed reality device.” according to Meta’s earning call Why it matters: Why it matters: Meta paid $2-ish billion for Oculus / Reality Labs when it had $23M in yearly revenue . That’s 87X yearly revenue. And now ten-ish years later, here it is as $4B+ yearly revenue business. Not only do these revenue numbers show that early adopters are ready and willing to pay for a premium mixed reality interface, but also once again shows it’s hard to bet against Zuckerberg.  He consistently guesses what market will grow, buys the emerging startup in that space, and throws them into the Facebook growth engine. $2-ish billion for Oculus / Reality Labs $23M in yearly revenue Flashback: Flashback: CNN’s Brandon Griggs wrote : “How is this awkward marriage going to work? Maybe it won’t: Facebook moms and Millennial gamers are an uneasy mix.” CNN’s Brandon Griggs wrote Driving the news: Driving the news: The Apple Vision Pro also came out this week, and I’m sure folks at Apple believe it will in fact become the most popular mixed reality device. Some of the best reviews are by MKBHD , Casey ,  and of course, by The Simpsons 8 years ago . Will people wear these in public? To combat this isolated astronaut vibe, Meta teamed up with Ray Ban to also offer smart glasses - as the Vision Pro evolves, I think there could be versions that look more and more like sun glasses, or we as a society may just learn to accept our fate as a heavily goggled people. Apple Vision Pro MKBHD Casey by The Simpsons 8 years ago Reality check: Reality check: At $4k each, Apple will need to sell 1M units to reach the $4M in yearly revenue, Reality Labs 4th quarter revenue rate. In the first ten days, they sold 200k units . And Apple’s already built the infrastructure of 520 premium physical stories to distribute these devices about as fast as they can make them around the world, but am unsure how much that will matter in the future of hardware device sales. The mixed reality headset wars are on! Just think of how much money there is to be made on unique chargers! Apple they sold 200k units 520 premium physical stories The big picture: The big picture: When it comes to these mixed reality headsets, what use cases will drive adoption? Meta’s steered into gaming, and now Apple’s steering into productivity. But both want to sell on this is just a cool fucking device with the earliest access to computing’s next interface. And no one truly knows what use case will drive market share until it does. What they’re saying: What they’re saying: Ma.tt Mullenweg blogged three paragraphs detailing a rough first experience and onboarding with the Apple Vision Pro  before concluding: “Just like I learned to type I think I’m going to need to learn to become fluent in this new interaction paradigm. I did have a before and after feeling, like the world had shifted, not unlike when you saw the first iPod or iPhone.” Ma.tt Mullenweg blogged Be smart: Be smart: Screens are not essential to the internet. We’ve been raised on them, through them we interacted with the cloud of information. Maybe it’s not flat. Maybe it’s a goggle. Maybe it’s a Google. Maybe it’s an Apple. Maybe it’s this Meta. Are you reading this from your mixed reality headset? Probably not yet. Write your own Axios Style story [template]. Write your own Axios Style story [template].

Headset Reality Wars: Meta @ $1B Quarterly VR Revenue & Apple Vision Pro Sells 200k Units in 10 Days

হেডসেট রিয়ালিটি ওয়ারস: মেটা @ $1B ত্রৈমাসিক VR আয় এবং Apple Vision Pro 10 দিনে 200k ইউনিট বিক্রি করে

Headset Reality Wars: Meta erzielt vierteljährlichen VR-Umsatz von 1 Milliarde US-Dollar und Apple Vision Pro verkauft 200.000 Einheiten in 10 Tagen

Headphone Reality Wars: Meta con ingresos trimestrales de realidad virtual de 1.000 millones de dólares y Apple Vision Pro vende 200.000 unidades en 10 días

Headphone Reality Wars : Meta @ 1 milliard de dollars de revenus VR trimestriels et Apple Vision Pro vend 200 000 unités en 10 jours

हेडसेट रियलिटी वॉर्स: मेटा @ $1बी त्रैमासिक वीआर राजस्व और ऐप्पल विज़न प्रो ने 10 दिनों में 200k इकाइयाँ बेचीं

ヘッドセット リアリティ ウォーズ: メタ @ 四半期 VR 収益 10 億ドル、Apple Vision Pro は 10 日間で 20 万台を販売

헤드셋 현실 전쟁: Meta @ $1B 분기별 VR 수익 및 Apple Vision Pro, 10일 만에 20만 대 판매

Headset Reality Wars: Meta @ receita trimestral de VR de US$ 1 bilhão e Apple Vision Pro vende 200 mil unidades em 10 dias

Войны реальности гарнитур: Meta с ежеквартальной выручкой в 1 миллиард долларов и Apple Vision Pro продает 200 тысяч единиц за 10 дней

Kulaklık Gerçeklik Savaşları: Meta @ 1 Milyar Dolar Üç Aylık VR Geliri ve Apple Vision Pro 10 Günde 200 Bin Birim Sattı

Cuộc chiến thực tế về tai nghe: Meta @ $1B Doanh thu VR hàng quý & Apple Vision Pro bán được 200 nghìn chiếc trong 10 ngày

耳机现实大战：Meta @ 10 亿美元季度 VR 收入 & Apple Vision Pro 10 天内售出 20 万台

It's been a busy few weeks, with each of the tech behemoths reporting their earnings for the third quarter of the year. Here's a quick recap of the billions each one of them made: Google-parent Alphabet saw a whopping 11% year-over-year increase in its revenue during the three months ended Sept. 30. The tech titan made a profit of $19.69 billion on revenues of $76.69 billion in the preceding quarter, compared to a profit of $13.91 billion on revenues of $69.09 billion in the same period of 2022. The increases were driven by "meaningful growth in Search and YouTube, and momentum in Cloud," Alphabet CFO Ruth Porat said in a statement. Microsoft too reported an increase in its revenues and profit for the three months ended Sept. 30. The Windows maker generated $56.52 billion in revenue and $22.29 billion in income last quarter, compared to the $50.12 billion in revenue and $17.56 billion in net income in the same quarter last year. As with Google, Microsoft attributed a momentum in cloud computing as a catalyst for the increased sales. Meanwhile, over at Mark Zuckerberg's Meta, the Menlo Park, Calif.-based social media giant had an eye popping turnaround story. The company made $34.15 billion in revenue, up 23% year over year, but the breakthrough was of course, the profit: up more than 2.5x to $11.58 billion from the $4.40 billion a year ago. Topping things off, Amazon said its net sales increased 13% year over year to $143.1 billion during the most recent quarter while net income was up to $9.9 billion from $2.9 billion a year ago. Despite raking in billions, each of these companies laid off thousands of people this year in a bid to save cost and even out the lack of growth from the COVID-19 days when their businesses were booming. Google ranked #6 on HackerNoon's Tech Company Rankings this week. Microsoft ranked #8 while Meta was on the #24 spot. Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor ⛲ It looks like Google is partnering with Amazon in funding a startup that promises to compete head to head with Microsoft-backed OpenAI's ChatGPT. We are, of course, talking about Anthropic, the San Francisco-based generative AI startup that received an inflow of $1.25 billion from Amazon last month with promises of another cool $2.75 billion. Well, Anthropic is now adding Google to its list of investors, as the search giant too is investing a cool half a billion dollars in the startup with commitments of up to $1.5 billion in the future. The combined $6 billion from Amazon and Google, while nothing to scoff at, is still less than half the $13 billion Microsoft has reportedly injected into OpenAI ever since it shook hands with the company in 2019. What's also interesting is the fact that, as opposed to OpenAI, Anthropic has garnered interest from two major tech giants who compete against each other in the cloud space. It just might seem that companies that are lagging behind in the AI space are trying to play catchup and catch lightning in a bottle, similar to how Microsoft did with its investment in OpenAI. Also, an interesting fact: Anthropic was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei. Exciting times ahead! 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. In Other News.. 📰 Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge.
Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters.
Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch.
A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN.
Fidelity has marked down the value of Twitter/X by 65% — via Axios.
Biden unveils U.S. government’s first-ever AI executive order — via CNBC. And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. It's been a busy few weeks, with each of the tech behemoths reporting their earnings for the third quarter of the year. Here's a quick recap of the billions each one of them made: Google -parent Alphabet saw a whopping 11% year-over-year increase in its revenue during the three months ended Sept. 30. The tech titan made a profit of $19.69 billion on revenues of $76.69 billion in the preceding quarter, compared to a profit of $13.91 billion on revenues of $69.09 billion in the same period of 2022. Google Google Alphabet Alphabet increase increase The increases were driven by "meaningful growth in Search and YouTube, and momentum in Cloud," Alphabet CFO Ruth Porat said in a statement. Microsoft too reported an increase in its revenues and profit for the three months ended Sept. 30. The Windows maker generated $56.52 billion in revenue and $22.29 billion in income last quarter, compared to the $50.12 billion in revenue and $17.56 billion in net income in the same quarter last year. Microsoft Microsoft increase increase As with Google, Microsoft attributed a momentum in cloud computing as a catalyst for the increased sales. Meanwhile, over at Mark Zuckerberg's Meta, the Menlo Park, Calif.-based social media giant had an eye popping turnaround story . The company made $34.15 billion in revenue, up 23% year over year, but the breakthrough was of course, the profit: up more than 2.5x to $11.58 billion from the $4.40 billion a year ago. turnaround story turnaround story Topping things off, Amazon said its net sales increased 13% year over year to $143.1 billion during the most recent quarter while net income was up to $9.9 billion from $2.9 billion a year ago. Amazon Amazon up up Despite raking in billions, each of these companies laid off thousands of people this year in a bid to save cost and even out the lack of growth from the COVID-19 days when their businesses were booming. laid off thousands laid off thousands Google ranked #6 on HackerNoon's Tech Company Rankings this week. Microsoft ranked #8 while Meta was on the #24 spot. Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor ⛲ Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor It looks like Google is partnering with Amazon in funding a startup that promises to compete head to head with Microsoft-backed OpenAI's ChatGPT. We are, of course, talking about Anthropic, the San Francisco-based generative AI startup that received an inflow of $1.25 billion from Amazon last month with promises of another cool $2.75 billion. Well, Anthropic is now adding Google to its list of investors, as the search giant too is investing a cool half a billion dollars in the startup with commitments of up to $1.5 billion in the future. adding adding The combined $6 billion from Amazon and Google, while nothing to scoff at, is still less than half the $13 billion Microsoft has reportedly injected into OpenAI ever since it shook hands with the company in 2019. injected injected What's also interesting is the fact that, as opposed to OpenAI, Anthropic has garnered interest from two major tech giants who compete against each other in the cloud space. It just might seem that companies that are lagging behind in the AI space are trying to play catchup and catch lightning in a bottle, similar to how Microsoft did with its investment in OpenAI. Also, an interesting fact: Anthropic was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei. Exciting times ahead! 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. part 2 Part 1 Part 1 here complete In Other News.. 📰 In Other News.. 📰 Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge. Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters. Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch. A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN. Fidelity has marked down the value of Twitter/X by 65% — via Axios. Biden unveils U.S. government’s first-ever AI executive order — via CNBC. Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge . The Verge The Verge Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters . Reuters Reuters Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch . TechCrunch TechCrunch A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN . CNN CNN Fidelity has marked down the value of Twitter/X by 65% — via Axios . Axios Axios Biden unveils U.S. government’s first-ever AI executive order — via CNBC . CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings

The Tech Company News Brief: How Much Money Did Tech Companies Make Last Quarter? 

টেক কোম্পানির সংবাদ সংক্ষিপ্ত: টেক কোম্পানিগুলো গত ত্রৈমাসিকে কত টাকা উপার্জন করেছে?

The Tech Company News Brief: Wie viel Geld haben Technologieunternehmen im letzten Quartal verdient?

Resumen de noticias de The Tech Company: ¿Cuánto dinero ganaron las empresas de tecnología el último trimestre?

The Tech Company News Brief : Combien d’argent les entreprises technologiques ont-elles gagné au dernier trimestre ?

टेक कंपनी समाचार संक्षिप्त: टेक कंपनियों ने पिछली तिमाही में कितना पैसा कमाया?

テクノロジー企業ニュース概要: テクノロジー企業は前四半期にどれくらいの利益を上げましたか?

기술 회사 뉴스 개요: 기술 회사는 지난 분기에 얼마나 많은 돈을 벌었나요?

Resumo das notícias da The Tech Company: Quanto dinheiro as empresas de tecnologia ganharam no último trimestre?

Краткий обзор новостей технологических компаний: сколько денег технологические компании заработали в прошлом квартале?

Tech Company Haber Özeti: Teknoloji Şirketleri Son Çeyrek Ne Kadar Para Kazandı?

Bản tin tóm tắt về công ty công nghệ: Các công ty công nghệ đã kiếm được bao nhiêu tiền trong quý vừa qua?

科技公司新闻简报：科技公司上季度赚了多少钱？

SYDNEY, Australia, November 21st, 2024/Chainwire/--The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem. The GMT Burn Initiative reflects the GMT DAO’s commitment to transparency, governance, and sustainable token management. This community-driven approach aligns with the DAO's goal to shape GMT’s future responsibly and collaboratively. How It Works: Lock and Vote: GMT holders can participate by visiting burngmt.com, where they can lock their tokens and cast their vote on various proposals, including the first of its kind “GMT Burn Initiative”. Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast.
Earn Rewards: A total of 100 million GMT will be distributed at the end of the 60-day voting period as rewards to participants, contingent on achieving milestones.
On-Chain Transparency: The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision.
Regular Voting Cycles: This burn initiative is just the beginning. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT via gmtdao.com. This initiative showcases a proactive effort to ensure GMT's sustainable future, emphasizing innovation and community engagement. The GMT DAO remains committed to true decentralization, empowering GMT holders to shape its direction. By enabling votes on key proposals, including a potential major token burn, the DAO highlights the power of collective input and its dedication to building a strong, thriving ecosystem. The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice. Voting, which starts at 100 GMT, is now open at burngmt.com, inviting all GMT holders to help shape the token's future. About GMT DAO The GMT DAO is an independent organization of GMT holders dedicated to overseeing GMT’s future through transparent and community-led governance. The DAO’s formation represents a commitment to empowering GMT holders with a voice in key decisions, from token management to ecosystem development. For more information on the GMT Burn Initiative and to participate, users can visit burngmt.com. About GMT GMT sits at the heart of the FSL ecosystem. Exclusively earned through STEPN, this token plays a crucial role across all FSL products. GMT operates on four blockchains—Solana, BNB Chain, Ethereum, and Polygon—and is pivotal in Gas Hero, where it's used to trade items and burn for NFT level-ups. On MOOAR, all items can be traded using GMT, and it’s also central to primary sale raffle mints with key partners and is used in the newly launched STEPN GO to buy Sneakers and perform various in app functions. Contact GMT DAO hello@gmtdao.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here SYDNEY, Australia, November 21st, 2024/Chainwire/--The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem. The GMT Burn Initiative reflects the GMT DAO’s commitment to transparency, governance, and sustainable token management. This community-driven approach aligns with the DAO's goal to shape GMT’s future responsibly and collaboratively. How It Works: Lock and Vote: GMT holders can participate by visiting burngmt.com, where they can lock their tokens and cast their vote on various proposals, including the first of its kind “GMT Burn Initiative”. Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast. Earn Rewards: A total of 100 million GMT will be distributed at the end of the 60-day voting period as rewards to participants, contingent on achieving milestones. On-Chain Transparency: The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision. Regular Voting Cycles: This burn initiative is just the beginning. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT via gmtdao.com. Lock and Vote: GMT holders can participate by visiting burngmt.com , where they can lock their tokens and cast their vote on various proposals, including the first of its kind “GMT Burn Initiative”. Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast. burngmt.com burngmt.com Earn Rewards: A total of 100 million GMT will be distributed at the end of the 60-day voting period as rewards to participants, contingent on achieving milestones. On-Chain Transparency: The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision. Regular Voting Cycles: This burn initiative is just the beginning. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT via gmtdao.com . gmtdao.com gmtdao.com This initiative showcases a proactive effort to ensure GMT's sustainable future, emphasizing innovation and community engagement. The GMT DAO remains committed to true decentralization, empowering GMT holders to shape its direction. By enabling votes on key proposals, including a potential major token burn, the DAO highlights the power of collective input and its dedication to building a strong, thriving ecosystem. The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice. Voting, which starts at 100 GMT, is now open at burngmt.com , inviting all GMT holders to help shape the token's future. burngmt.com burngmt.com About GMT DAO The GMT DAO is an independent organization of GMT holders dedicated to overseeing GMT’s future through transparent and community-led governance. The DAO’s formation represents a commitment to empowering GMT holders with a voice in key decisions, from token management to ecosystem development. For more information on the GMT Burn Initiative and to participate, users can visit burngmt.com . burngmt.com burngmt.com About GMT GMT sits at the heart of the FSL ecosystem. Exclusively earned through STEPN , this token plays a crucial role across all FSL products. STEPN STEPN GMT operates on four blockchains—Solana, BNB Chain, Ethereum, and Polygon—and is pivotal in Gas Hero , where it's used to trade items and burn for NFT level-ups. Gas Hero Gas Hero On MOOAR , all items can be traded using GMT, and it’s also central to primary sale raffle mints with key partners and is used in the newly launched STEPN GO to buy Sneakers and perform various in app functions. MOOAR MOOAR STEPN GO STEPN GO Contact GMT DAO hello@gmtdao.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

GMT DAO Launches Groundbreaking Burn Initiative With a Target Of Up To 600 Million GMT

GMT DAO стартира новаторска инициатива за изгаряне с цел до 600 милиона GMT

GMT DAO spouští průlomovou iniciativu Burn s cílem až 600 milionů GMT

GMT DAO lanza una innovadora iniciativa de quema con un objetivo de hasta 600 millones de GMT

GMT DAO Luncurkan Inisiatif Pembakaran Terobosan dengan Target Hingga 600 Juta GMT

GMT DAO、最大6億GMTを目標とした画期的なバーンイニシアチブを開始

GMT DAO pristato novatorišką deginimo iniciatyvą, kurios tikslas – iki 600 mln. GMT

GMT DAO лансира револуционерна иницијатива за изгореници со цел до 600 милиони GMT

GMT DAO Melancarkan Inisiatif Pembakaran Pecah Tanah Dengan Sasaran Sehingga 600 Juta GMT

GMT DAO GMT මිලියන 600 ක් දක්වා ඉලක්කයක් සමඟ බිම් කඩකිරීමේ පිළිස්සීමේ මුලපිරීම දියත් කරයි

GMT DAO lanserar banbrytande Burn-initiativ med ett mål på upp till 600 miljoner GMT

GMT DAO เปิดตัวโครงการ Burning สุดล้ำด้วยเป้าหมายสูงถึง 600 ล้าน GMT

GMT DAO, 600 Milyon GMT'ye Kadar Hedefle Çığır Açan Yakma Girişimini Başlattı

**TALLINN, Estonia, November 20th, 2024/Chainwire/--**Following its global unveiling on the main stage of Binance’s Blockchain Week  conference in Dubai, AI platform bitGPT is experiencing sizable growth across every vertical of the project, from active partnership conversations to the number of users currently testing its technology. bitGPT’s X and Telegram communities grew in size by more than 1,000% in the days following its presentation at Binance in which hundreds of onlookers watched as its AI platform was launched and tested for the first time in front of a public audience. The demonstration replay surpassed a quarter-million views on Binance’s website within hours of being posted – the most popular replay event of the conference. bitGPT’s live demo and subsequent growth have been covered by several major new outlets, including reporting from Decrypt that predicted bitGPT’s AI platform “will help onboard the next billion Web3 users and kickstart the AI Agent economy.” https://youtu.be/Lm8hI_ZuiI8 https://www.youtube.com/embed/Lm8hI_ZuiI8 Backed by former SingularityNET co-founders and a growing team of AI and Web3 experts, bitGPT bridges the mass acceleration and adoption of generative AI technologies with the entire crypto ecosystem, providing users – both humans and AI agents – with a unified UX to connect and transact across any decentralized network or service using natural language commands. Available in more than 25 languages, its platform overcomes language, literacy, and interface barriers in what appears to be the Web3 industry’s most legitimate effort yet to onboard its first billion Web3 users, all while positioning the platform as a central node for kickstarting the AI Agent economy. Developed in stealth for more than two years, bitGPT’s AI platform has already been tested by a wide audience, with a growing community of dedicated users generating valuable data and insights that have been continually used to refine and expand the capabilities of its model. After advancing from Alpha to Beta earlier this year, bitGPT is preparing for full launch just as interest and attention for AI-enabled Web3 technologies take off. Despite achieving rapid significant adoption, centralized AI model providers present critical challenges, including data privacy risks, restricted accessibility, systemic vulnerabilities, and the emergence of techno-feudalism due to reliance on dominant third-party entities. This centralization compromises user autonomy, undermines digital sovereignty, and fosters a dependency cycle that stifles innovation and equitable access. A growing ecosystem of crypto projects including NEAR Protocol, bittensor, and The Graph have entered the space to introduce Web3’s privacy and security benefits to the ever-growing AI category. Yet usability and adoption challenges continue to limit the industry’s long-term potential. And many of these networks and services still do not connect directly with the end user, meaning users may fail to realize the security and privacy benefits of decentralized options. bitGPT’s breakthrough platform brings to reality the potential for an on-chain economy with its first billion human users, plus billions upon billions of AI Agents. Its platform goes beyond conventional interfaces, offering an intuitive, AI-driven ecosystem for all Web3 activities. By seamlessly integrating cutting-edge technologies with user-centric design, bitGPT provides an unparalleled suite of intelligent tools that simplify and enhance every aspect of blockchain engagement. With bitGPT, users can instantly connect with and transact across any network or service, creating a universally interoperable user experience. Use cases are truly endless, including: Cross-chain Swap Optimization — AI algorithms analyze liquidity across multiple DEXs and chains to find the most efficient swap routes.
Gas Fee Prediction — Machine learning models forecast gas prices, allowing users to optimize transaction timing.
Sentiment Analysis — Real-time analysis of social media, news, and on-chain data to gauge market sentiment.
Trend Prediction — Advanced machine learning models for short and medium-term price trend forecasting.
Alpha Discovery — Identification of potential high-growth opportunities based on on-chain metrics and market data.
Proposal Summarization — AI-generated summaries of complex governance proposals.
Voting Recommendations — Personalized suggestions based on user's previous voting patterns and stated preferences.
Impact Assessment — AI-driven analysis of potential outcomes for different chain governance voting scenarios.
24/7 Market Monitoring — Agents track user-specified metrics and events across multiple chains and platforms. Users can set specific criteria for alerts and research focus.
External Data Integration — Agents can access and analyze data from approved external sources for comprehensive research. In the spirit of Web3 technologies and the wider universe of decentralized networks and services, bitGPT enables the mass transition away from Large Language Models (LLMs) to privacy-preserving Small Language Models (SLMs), ensuring user data protection without compromising functionality. bitGPT allows for on-device AI processing – significantly enhancing security and reducing latency for a seamless user experience – and AI-powered cross-chain operations and market analysis, enabling users to navigate the multi-chain landscape with unprecedented ease. The platform is capable of hosting a virtually unlimited number of AI Agents that can perform any on-chain task automatically and autonomously, adding significant demand for nearly every decentralized project while fueling innovation across the entire crypto universe. After its successful unveiling on the main stage of Binance’s Blockchain Week conference – a demonstration that was followed immediately by Binance founder Changpeng Zhao – the bitGPT team is now focused on organizing its final Beta releases before full launch, including a fully featured mobile app, with a growing list of enterprise and Web3 partners positioned to assist its launch. About bitGPT Backed by a strong team of Web3 and AI industry leaders — including the cofounders of several major crypto projects like SingularityNET — bitGPT represents a revolutionary transformation in blockchain interaction, redefining the user experience through advanced artificial intelligence. Its platform goes beyond conventional interfaces, offering an intuitive, AI-driven ecosystem for all Web3 activities. By seamlessly integrating cutting-edge technology with user-centric design, bitGPT provides an unparalleled suite of intelligent tools that simplify and enhance every aspect of blockchain engagement. The result is an AI-driven platform capable of onboarding the next billion Web3 users as well as kickstarting the AI Agent economy. Learn more — www.BitGPT.network Join the BitGPT community: Telegram Discord X Contact bitGPT info@bitgpt.network This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here **TALLINN, Estonia, November 20th, 2024/Chainwire/--**Following its global unveiling on the main stage of Binance’s Blockchain Week  conference in Dubai, AI platform bitGPT is experiencing sizable growth across every vertical of the project, from active partnership conversations to the number of users currently testing its technology. bitGPT’s X and Telegram communities grew in size by more than 1,000% in the days following its presentation at Binance in which hundreds of onlookers watched as its AI platform was launched and tested for the first time in front of a public audience. X X Telegram Telegram The demonstration replay surpassed a quarter-million views on Binance’s website within hours of being posted – the most popular replay event of the conference. replay replay bitGPT’s live demo and subsequent growth have been covered by several major new outlets, including reporting from Decrypt that predicted bitGPT’s AI platform “will help onboard the next billion Web3 users and kickstart the AI Agent economy.” Decrypt Decrypt https://youtu.be/Lm8hI_ZuiI8 https://youtu.be/Lm8hI_ZuiI8 https://youtu.be/Lm8hI_ZuiI8 https://www.youtube.com/embed/Lm8hI_ZuiI8 https://www.youtube.com/embed/Lm8hI_ZuiI8 https://www.youtube.com/embed/Lm8hI_ZuiI8 Backed by former SingularityNET co-founders and a growing team of AI and Web3 experts, bitGPT bridges the mass acceleration and adoption of generative AI technologies with the entire crypto ecosystem, providing users – both humans and AI agents – with a unified UX to connect and transact across any decentralized network or service using natural language commands. SingularityNET SingularityNET Available in more than 25 languages, its platform overcomes language, literacy, and interface barriers in what appears to be the Web3 industry’s most legitimate effort yet to onboard its first billion Web3 users, all while positioning the platform as a central node for kickstarting the AI Agent economy. Developed in stealth for more than two years, bitGPT’s AI platform has already been tested by a wide audience, with a growing community of dedicated users generating valuable data and insights that have been continually used to refine and expand the capabilities of its model. After advancing from Alpha to Beta earlier this year, bitGPT is preparing for full launch just as interest and attention for AI-enabled Web3 technologies take off. Despite achieving rapid significant adoption, centralized AI model providers present critical challenges, including data privacy risks, restricted accessibility, systemic vulnerabilities, and the emergence of techno-feudalism due to reliance on dominant third-party entities. This centralization compromises user autonomy, undermines digital sovereignty, and fosters a dependency cycle that stifles innovation and equitable access. A growing ecosystem of crypto projects including NEAR Protocol, bittensor, and The Graph have entered the space to introduce Web3’s privacy and security benefits to the ever-growing AI category. Yet usability and adoption challenges continue to limit the industry’s long-term potential. And many of these networks and services still do not connect directly with the end user, meaning users may fail to realize the security and privacy benefits of decentralized options. bitGPT’s breakthrough platform brings to reality the potential for an on-chain economy with its first billion human users, plus billions upon billions of AI Agents. Its platform goes beyond conventional interfaces, offering an intuitive, AI-driven ecosystem for all Web3 activities. By seamlessly integrating cutting-edge technologies with user-centric design, bitGPT provides an unparalleled suite of intelligent tools that simplify and enhance every aspect of blockchain engagement. With bitGPT, users can instantly connect with and transact across any network or service, creating a universally interoperable user experience. Use cases are truly endless, including: Cross-chain Swap Optimization — AI algorithms analyze liquidity across multiple DEXs and chains to find the most efficient swap routes. Gas Fee Prediction — Machine learning models forecast gas prices, allowing users to optimize transaction timing. Sentiment Analysis — Real-time analysis of social media, news, and on-chain data to gauge market sentiment. Trend Prediction — Advanced machine learning models for short and medium-term price trend forecasting. Alpha Discovery — Identification of potential high-growth opportunities based on on-chain metrics and market data. Proposal Summarization — AI-generated summaries of complex governance proposals. Voting Recommendations — Personalized suggestions based on user's previous voting patterns and stated preferences. Impact Assessment — AI-driven analysis of potential outcomes for different chain governance voting scenarios. 24/7 Market Monitoring — Agents track user-specified metrics and events across multiple chains and platforms. Users can set specific criteria for alerts and research focus. External Data Integration — Agents can access and analyze data from approved external sources for comprehensive research. Cross-chain Swap Optimization — AI algorithms analyze liquidity across multiple DEXs and chains to find the most efficient swap routes. Gas Fee Prediction — Machine learning models forecast gas prices, allowing users to optimize transaction timing. Sentiment Analysis — Real-time analysis of social media, news, and on-chain data to gauge market sentiment. Trend Prediction — Advanced machine learning models for short and medium-term price trend forecasting. Alpha Discovery — Identification of potential high-growth opportunities based on on-chain metrics and market data. Proposal Summarization — AI-generated summaries of complex governance proposals. Voting Recommendations — Personalized suggestions based on user's previous voting patterns and stated preferences. Impact Assessment — AI-driven analysis of potential outcomes for different chain governance voting scenarios. 24/7 Market Monitoring — Agents track user-specified metrics and events across multiple chains and platforms. Users can set specific criteria for alerts and research focus. External Data Integration — Agents can access and analyze data from approved external sources for comprehensive research. In the spirit of Web3 technologies and the wider universe of decentralized networks and services, bitGPT enables the mass transition away from Large Language Models (LLMs) to privacy-preserving Small Language Models (SLMs), ensuring user data protection without compromising functionality. bitGPT allows for on-device AI processing – significantly enhancing security and reducing latency for a seamless user experience – and AI-powered cross-chain operations and market analysis, enabling users to navigate the multi-chain landscape with unprecedented ease. The platform is capable of hosting a virtually unlimited number of AI Agents that can perform any on-chain task automatically and autonomously, adding significant demand for nearly every decentralized project while fueling innovation across the entire crypto universe. After its successful unveiling on the main stage of Binance’s Blockchain Week conference – a demonstration that was followed immediately by Binance founder Changpeng Zhao – the bitGPT team is now focused on organizing its final Beta releases before full launch, including a fully featured mobile app, with a growing list of enterprise and Web3 partners positioned to assist its launch. About bitGPT Backed by a strong team of Web3 and AI industry leaders — including the cofounders of several major crypto projects like SingularityNET — bitGPT represents a revolutionary transformation in blockchain interaction, redefining the user experience through advanced artificial intelligence. Its platform goes beyond conventional interfaces, offering an intuitive, AI-driven ecosystem for all Web3 activities. bitGPT bitGPT By seamlessly integrating cutting-edge technology with user-centric design, bitGPT provides an unparalleled suite of intelligent tools that simplify and enhance every aspect of blockchain engagement. The result is an AI-driven platform capable of onboarding the next billion Web3 users as well as kickstarting the AI Agent economy. Learn more — www.BitGPT.network www.BitGPT.network www.BitGPT.network Join the BitGPT community: Telegram Telegram Discord Discord X X Contact bitGPT info@bitgpt.network This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

AI Platform bitGPT Experiences Significant Growth Following Binance Demonstration

AI platforma bitGPT doživljava značajan rast nakon Binance demonstracije

La plataforma de inteligencia artificial bitGPT experimenta un crecimiento significativo tras la demostración de Binance

پلتفرم هوش مصنوعی bitGPT پس از نمایش بایننس، رشد قابل توجهی را تجربه می کند

Platfòm AI bitGPT fè eksperyans yon kwasans enpòtan apre demonstrasyon Binance

AIプラットフォームbitGPT、Binanceのデモンストレーション後に大幅な成長を記録

AI პლატფორმა bitGPT განიცდის მნიშვნელოვან ზრდას Binance-ის დემონსტრირების შემდეგ

AI platforma bitGPT patyrė reikšmingą augimą po „Binance“ demonstravimo

AI платформ bitGPT нь Binance-ийн үзүүлбэрийн дараа мэдэгдэхүйц өсөлттэй байна

د AI پلیټ فارم bitGPT د بائنانس مظاهرې وروسته د پام وړ وده تجربه کوي

AI Platform bitGPT Zvakaitika Kukura Kwakakosha Kutevera Binance Kuratidzira

แพลตฟอร์ม AI bitGPT ประสบการเติบโตอย่างมีนัยสำคัญหลังการสาธิตของ Binance

AI platformasi bitGPT Binance namoyishidan keyin sezilarli o'sishni boshdan kechirmoqda

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