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Tech business, market analysis, acquisitions, and earnings.

Engadget32 minutes ago

Instagram's Edits is now on desktop as a Mac app

# Instagram's Edits is now on desktop as a Mac app Meta's CapCut competitor already has more than 50 million users. Instagram's video editing app Edits now has its own Mac version. According to Meta, the desktop experience will allow creators to tackle more "ambitious projects" that aren't necessarily suited for the mobile version. Edits on desktop has a similar setup to the phone version. Creators can stitch together multiple clips and...

2 min read

Engadgetabout 6 hours ago

Switch 2 sales fell by almost 40 percent after Nintendo increased prices

# Switch 2 sales fell by almost 40 percent after Nintendo increased prices The dip in sales followed a price increase due to higher memory costs. Nintendo's Switch 2 sales fell by almost 40 percent in the first two quarters of its fiscal year, ending September 30, compared with the same period last year. In the earnings report the gaming company released, it said it sold 6.49 million units over six months — 3.82 million in the first quarter...

2 min read1

The Verge Techabout 6 hours ago

Big Tech’s big AI buildout will not end until someone stops it

After four of the biggest competitors in the AI race held quarterly earnings calls late last month, two things are clear: Big Tech is not done spending record amounts on the AI data center buildout, and the AI data center buildout is not any closer to yielding its promised returns. # Big Tech’s big AI buildout will not end until someone stops it Amazon, Microsoft, Alphabet, and Meta are on the hook with their data center plans. A third...

7 min read1

Engadgetabout 18 hours ago

Snap has more than 30 million paid subscribers across Snapchat+ and other plans

# Snap has more than 30 million paid subscribers across Snapchat+ and other plans Power users seem more than willing to pay for AI-powered effects. More than 30 million power users are paying for one of Snap's subscription plans, including Snapchat+ and its ad-free "platinum" tier. The company announced the milestone as part of its third-quarter earnings, saying that its non-advertising "other" revenue grew 84 percent compared with last...

2 min read15

TechCrunchabout 19 hours ago

Snapchat surpasses 30M paid subscribers

Snap has surpassed 30 million paid Snapchat+ subscribers, the company announced Wednesday in its third-quarter 2026 earnings release. The milestone marks an increase of 5 million subscribers since February, when Snap reported crossing the 25 million mark. Launched in 2022, Snapchat+ gives subscribers access to exclusive and pre-release features for $3.99 per month. Following a successful launch, Snap introduced additional paid tiers beyond...

2 min read21

The Verge Techabout 24 hours ago

Nintendo is losing a Switch cartridge supplier

Nintendo is about to lose a major memory supplier for its Switch cartridges. The supplier, Macronix, announced during a recent quarterly earnings call that it would be gradually phasing out ROM production and is instead focusing on NOR flash memory for data centers, *Taipei Times* reports. # Nintendo is losing a Switch cartridge supplier Nintendo ROM supplier Macronix is leaving the business as demand for its data center memory...

2 min read29

The Verge1 day ago

Uber only fulfilled 4 rides from AI agents last quarter

AI agents won’t be stealing Uber’s lunch any time soon. # Uber only fulfilled 4 rides from AI agents last quarter Despite growing concerns over AI disintermediation, Uber executives revealed that third-party bots accounted for just four rides and 500 food deliveries out of 320 million transactions. Only four rides were arranged by third-party AI agents during the third quarter of 2026, Uber executives disclosed during an earnings call this...

3 min read25

SiliconANGLE1 day ago

Supermicro and Arista Networks crush expectations as AI infrastructure wins again

### Supermicro and Arista Networks crush expectations as AI infrastructure wins again Growing nervousness about spending on the artificial intelligence boom has made technology stocks increasingly volatile this year, but all it takes is one good quarter to reignite investor confidence, as Super Micro Computer Inc. and Arista Networks Inc. both showed today. The companies are still relatively small fry in terms of the bigger AI picture, but...

4 min read23

The Verge1 day ago

AMD rides data center riches to ‘largest and most profitable’ quarter in history

AMD CEO Lisa Su said in the company’s quarterly earnings call on Tuesday that Q3 2026 was “was the largest and most profitable in our history.” AMD reported a record $13.4 billion in quarterly revenue, and it’s predicting it will hit another record high next quarter of $17 billion. The company’s data center business is driving that growth, with $8.5 billion in data center quarterly revenue for Q3 2026. Su said AMD’s expecting its revenue to...

2 min read20

TechCrunch2 days ago

Hiding inside Palantir’s skyrocketing quarter is a foreboding signal

Palantir delivered such a huge third-quarter earnings report on Monday that its press release even bragged that the numbers were “crushing consensus expectations.” Yet, retail investors were lukewarm on the company on Tuesday, with the stock trading slightly down. That’s because Palantir’s enterprise sales, its big growth area, showed signs of slowing. First, the good news for the company’s investors. Revenue grew 96% year over year to...

3 min read19

TechCrunch2 days ago

Ferrari’s controversial Luce EV is sold out for 2027

The Luce, Ferrari’s first electric car and one of its most polarizing models, isn’t just selling. It’s selling out. The five-seater EV designed by Jony Ive, Apple’s longtime design chief, was mocked and widely panned when it debuted in May, sending Ferrari’s stock price lower. But all that criticism hasn’t dampened demand, according to CEO Benedetto Vigna. The 2027 production run of the Luce, which starts at about $615,000, is “fully...

3 min read11

TechCrunch3 days ago

Apple may try to increase revenue by doing…something with third-party AI apps

Apple’s services business remains at record levels, but it’s facing growing pressure. The central part of that business, Apple’s App Store, has faced regulatory pressure and a slump in mobile gaming, which have hurt services growth. However, on Monday’s earnings call, Apple signaled that it may look to boost services revenue through third-party apps. What does that mean, exactly? Unfortunately, it’s not entirely clear. When discussing how...

3 min read4

TechCrunch3 days ago

Hinge tests a cheaper plan as users become more fed up paying for dating apps

Hinge is testing a cheaper subscription plan as its parent company Match Group looks for new ways to get users to pay for dating apps at a time when people are increasingly tired of subscriptions and, in some cases, dating apps altogether. During its third-quarter 2026 earnings call on Monday, Match Group said the new Hinge tier will include features such as additional filters and custom location boundaries, giving users more control over...

3 min read4

SiliconANGLE3 days ago

Anthropic’s quarterly revenue jumps to $17B, losses grow ahead of IPO

### Anthropic’s quarterly revenue jumps to $17B, losses grow ahead of IPO Anthropic PBC today published an updated version of the S-1 filing for its upcoming public offering. The original document, which the company released last Monday, didn’t contain its third-quarter financial results. The new version reveals that Anthropic generated $17 billion in revenue during the three months ended Sept. 30. That’s more than 11 times more than what...

4 min read7

SiliconANGLE3 days ago

Palantir beats Q3 forecasts as US commercial revenue overtakes government for first time

### Palantir beats Q3 forecasts as US commercial revenue overtakes government for first time Shares of Palantir Technologies Inc. rose more than 1% in late trading today after the big-data analytics company beat third-quarter expectations and raised its full-year revenue guidance for the third time this year. For the quarter that ended on Sept. 30, Palantir reported adjusted earnings per share of 44 cents, up from 21 cents in the same...

4 min read2

Engadget3 days ago

Why some websites are blocking AI agents from accessing the web

# Why some websites are blocking AI agents from accessing the web Amazon is blocking rival shopping agents, and even websites that welcome AI assistants can stop them with an ordinary CAPTCHA. An AI agent can take over your grocery shopping, right up until a website asks it to prove it's human. That's the problem Meta's Muse has encountered at Walmart (one of its retail partners), which says the verification checks weren't intended to stop...

4 min read1

The Verge Tech3 days ago

YouTuber Druski is going to make exclusive content for Netflix

Netflix today announced a multiyear deal with the YouTuber, comedian, and influencer Druski, and he’ll create original content “exclusively” for the streaming service. The announcement is the latest in Netflix’s efforts to bring creators onto the platform, having previously landed deals with YouTubers including Mark Rober, Ms. Rachel, and Good Mythical Morning. # YouTuber Druski is going to make exclusive content for Netflix Netflix and...

2 min read

Engadget4 days ago

Tesla is ditching its solar roof tiles for a good reason

# Tesla is ditching its solar roof tiles for a good reason Tesla had to cut losses after significant mistakes and overspending Tesla's Solar Roof panels were designed to look like regular shingles while delivering 98 percent of a normal solar panel's efficiency. It did so by reflecting light to make the tiles appear like normal ones from street level despite being transparent when viewed from above. Unfortunately, the novel concept didn't...

3 min read16

Ars Technica6 days ago

Basically no one is using AI agents for their DoorDash orders

As AI tools and agents have continued their march across all aspects of digital life, many companies are trying to use LLMs to improve the experience of purchasing goods and services on the Internet. Thus far, though, a vanishingly small number of people seem to be taking advantage of those capabilities, at least when it comes to using the popular food delivery app DoorDash with an outside AI agent. In a third-quarter earnings call Thursday,...

2 min read12

TechCrunch6 days ago

Cracks are emerging in the AI spending boom

Investors are getting nervous about AI infrastructure spending just as the Big Tech companies double down. Over the past two weeks, Alphabet, Amazon, Meta, and Microsoft have outlined plans to spend more than $740 billion on capital expenditures this year, which Wall Street is reading as AI infrastructure spending, including data centers and chips. Earlier in the AI boom, investors largely rewarded such big outlays, viewing them as a sign...

4 min read16

The Verge6 days ago

Starbucks wants to use AI to show you a ‘personalized digital menu’ at the drive-thru

Starbucks could eventually show you a personalized digital menu when you pull up to the drive-thru. During an earnings call on Thursday, Starbucks CEO Brian Niccol said the company is going to explore “experiences that recognize participating customers as they arrive, present personalized digital menus, and make payment more effortless,” as spotted earlier by *More Perfect Union*. # Starbucks wants to use AI to show you a ‘personalized...

2 min read14

The Verge6 days ago

Rivian’s autonomy gamble faces its first real test

During an hourlong earnings call last night, Rivian CEO RJ Scaringe spent less time talking about the production ramp of the all-important R2 SUV than he did hyping the company’s still-unproven autonomous vehicle ambitions. # Rivian’s autonomy gamble faces its first real test RJ Scaringe spent nearly half of Rivian’s earnings call hyping self-driving tech. But taking on Tesla’s FSD with custom chips and pricey lidar is an enormous gamble...

5 min read4

TechCrunch6 days ago

DoorDash said it’s only received ‘several hundred’ orders from AI agents

There’s a big uproar about AI agents taking over commerce and orders, but that might not be the case just yet. Delivery company DoorDash revealed during its third-quarter earnings call that it has only seen “several hundred” orders from third-party agents like Muse, Instinct, Fo, and others. For comparison, the company said in its 2025 report it completes an average of 3 million deliveries daily. “I would say that this \[using agents to...

2 min read

TechCrunch7 days ago

Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’

It’s been four years since Amazon bought MGM for $8.5 billion. But coming off the blockbuster success of this year’s hit movie *Project Hail Mary,* Hollywood has become a lucrative business for the e-commerce giant. Prime Video, Amazon’s streaming service, “has emerged as a significant business with a revenue run rate in the tens of billions of dollars and is now profitable in its own right,” Amazon CEO Andy Jassy said on the quarterly...

2 min read