Author: GT

Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.Here is how the company did compared with Wall Street’s expectations:Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates.Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG Global daily active users: 469 million vs. 467 million expected, according to StreetAccountGlobal average revenue per user (ARPU): $2.87 vs. $2.90 expected, according to StreetAccountARPU is an indication of how much advertising revenue the company generates from each user. The weaker-than-expected result is particularly noticeable because some of Snap’s…

Cognition, the AI coding startup that acquired rival company Windsurf three weeks ago, laid off 30 employees last week and is offering buyouts to the roughly 200 remaining employees on the team, reports The Information. This is the latest bout of whiplash that Windsurf employees have faced after a tumultuous stretch for the company. The startup was initially almost acquired by OpenAI, then lost its CEO, co-founder, and research leads to Google in a $2.4 billion deal known as a reverse-acquihire (where Google hired the key talent rather than buying the company), before ultimately getting acquired by Cognition.   At the…

Hinge Health co-founders, Gabriel Mecklenburg and Daniel Perez celebrate its initial public offering at the New York Stock Exchange on May 22, 2025.NYSEShares of Hinge Health popped 6% in extended trading on Tuesday after the digital physical therapy company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Loss: Loss per share of $13.10. That may not compare with the 9 cents per share earnings expectedRevenue: $139 million vs. $125 million expectedRevenue at Hinge increased 55% in the second quarter from $89.8…

WhatsApp is introducing new features to help people spot scams on the messaging service, the company announced on Tuesday. The company also said it has taken down over 6.8 million WhatsApp accounts linked to criminal scam centers targeting people around the world. The new features are designed to help detect scams in both group and individual chats on the Meta-owned platform. For group chats, WhatsApp is launching a safety overview feature that will be displayed when someone who isn’t in your contact list adds you to a new group that you may not recognize. The safety overview will include key…

Google’s AI note-taking app is now open to younger users, having previously been limited to users 18 and older. The tech giant announced that NotebookLM is available to Google Workspace for Education users of any age and for consumers ages 13 and up. The removal of age restrictions is intended to provide younger students with access to the AI research tool, allowing them to better understand their class materials. Now, students can access features such as the ability to convert notes into podcast-like Audio Overviews, visually summarize ideas with interactive Mind Maps, and more. NotebookLM recently released Video Overviews to…

WASHINGTON, DC – JUNE 2: A NASA logo is displayed at the entrance to the Mary W. Jackson NASA Headquarters building on June 2, 2025 in Washington, DC. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty ImagesThe U.S. should deploy a small nuclear power plant to the surface of the moon before China and Russia are able to do so, the interim head of NASA has told the space agency’s staff.NASA should be ready to launch a reactor to the lunar surface by the first quarter of fiscal year 2030, Transportation Secretary Sean Duffy, who is…

Open AI CEO Sam Altman speaks at the annual Snowflake Summit in San Francisco, California on June 02, 2025. Justin Sullivan | Getty Images News | Getty ImagesOpenAI on Tuesday released two open-weight language models for the first time since it rolled out GPT-2 in 2019.The text-only models are called gpt-oss-120b and gpt-oss-20b, and are designed to serve as lower-cost options that developers, researchers and companies can easily run and customize, OpenAI said.An artificial intelligence model is considered open weight if its parameters, or the elements that improve its outputs and predictions during training, are publicly available. Open-weight models can…

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Ventures. The all-equity round brings the Tashkent-headquartered startup’s post-money valuation to approximately $1.5 billion — a nearly 30% jump from the $1.16 billion valuation it announced when it first hit unicorn status in March last year. Founded in 2022, Uzum started its journey in Uzbekistan…

When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKinsey alumnus Karun Kurien, is the Middle East’s leading spend management platform. It just announced that it raised $48 million in Series A funding led…

Key PointsCaterpillar’s operating profit fell 18% compared to the same period last year due to President Donald Trump’s tariffs.Eaton provided third-quarter earnings guidance that missed Wall Street expectations. Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year. Shares of Caterpillar and Eaton fell on Tuesday after posting quarterly results that disappointed investors as President Donald Trump’s tariffs start to bite, casting doubt on an industrial sector that was one of Wall Street’s hottest trades this year. Caterpillar was down more than 1% after its profit took a big hit…