Samsung has reported a record consolidated revenue of 76.78 trillion Korean won (US$54 billion) for the third quarter of 2022, but it has also posted a decline in profit from the previous quarter and year-over-year. The tech giant’s operating profit (KRW 10.85 trillion or US$7.6 billion) has declined 23 percent from the second quarter and … Read more
One day after an Amazon driver in Missouri died of an apparent dog attack, some workers are accusing the company of sending an ill-timed, tone-deaf message in light of the incident. On Wednesday, Vice News reported that some drivers received a “Dog Awareness” message following Tuesday’s incident. The advisory refers to dogs as “our four-legged … Read more
Shortly after news broke Wednesday afternoon that its self-driving subsidiary Argo AI would be wound down, Ford CEO Jim Farley joined in on the company’s Q3 earnings call and spoke at length about how senior management came to that decision. “It’s estimated that more than a hundred billion has been invested in the promise of … Read more
The $1500 Meta Quest pro may have just gone on sale, but the company is already teasing the next version in its line of cheaper VR headsets. During the company’s latest earnings call, outgoing CFO Dave Whener said “the next generation of the consumer Quest headset” will launch “later next year.” Mark Zuckerberg also referenced … Read more
You’ll have to wait a few months if you want to see Team Ninja’s latest take on Nioh-style demon slaying. Koei Tecmo has confirmed that Wo Long: Fallen Dynasty arrives March 3rd for PS4, PS5, Xbox One, Xbox Series X/S and PC (via the Microsoft Store and Steam). It will also be accessible through Xbox … Read more
A year later, Meta’s pivot to the metaverse is proving even more expensive. Reality Labs is losing more money than ever, Facebook’s parent company disclosed in its latest earnings report. Reality Labs, the unit that oversees the company’s virtual and augmented reality projects, lost $3.7 billion in the third-quarter of 2022, a jump from a … Read more
Microsoft’s Game Pass service is profitable and accounts for about 15 percent of the company’s overall Xbox content and services revenue. Microsoft Gaming chief Phil Spencer shared the tidbit of information in an on-stage interview at The Wall Street Journal’sTech Live conference (via The Verge). “Game Pass as an overall part of our content and … Read more
iCloud has been available on the web for a long time, but you might not have rushed to use it given a basic and sometimes clunky interface. You might have a reason to give it another look, though. Apple has introduced a beta iCloud web client that presents far more info at a glance, with … Read more
General Motors is on track to secure 100 percent of the electricity it needs to power all of its US facilities with renewable energy by 2025. On Wednesday, the automaker announced it recently finalized the sourcing agreements it needs to make that feat a reality. The announcement puts GM on track to meet the most … Read more
Autonomous vehicle company Argo AI is shutting down. In an earnings report, Ford (a major investor in Argo AI) noted that the company is being wound down and that it will hire engineers from the startup to expand and speed up development of Level 2+ and Level 3 autonomous driving systems. Ford says that it … Read more