The Week in Numbers: big tech feels the AI effect
STORY: From how bots are boosting big tech, to a showdown over TikTok, this is the Week in Numbers.
Almost $62 billion was the latest quarterly revenue at Microsoft.
The tech giant says the bottom line is already getting a boost from AI services, and there was a similar story over at Google-parent Alphabet too.
Facebook-owner Meta sounded more wary though, warning about the huge costs of ramping up the new tech.
270 days was how long U.S. lawmakers gave ByteDance to sell TikTok’s operations there or face a ban.
App boss Shou Zi Chew has vowed to defeat the move:
“Rest assured, we aren't going anywhere. We are confident, and we will keep fighting for your rights in the courts. The facts and the Constitution are on our side.”
About $39 billion is how much miner BHP is offering to buy rival Anglo American.
It wants to get its hands on more copper reserves, as tech demand drives a boom for the metal.
But Friday saw Anglo reject the bid, saying it seriously undervalued the firm.
$21.3 billion was the latest quarterly revenue at Tesla.
That was well down on a year earlier, marking its first quarterly drop since 2020.
It all comes as the EV pioneer grapples with waning demand and a price war that it started.
And up to 45% is how much profits could plunge at Gucci-owner Kering as luxury demand wanes.
The warning from the luxury giant added to fears that the whole sector faces a slowdown.
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