Author: i2wtc
Meta AI logo is seen in this illustration taken May 20, 2024. PHOTO:REUTERS Jam Kamal Khan, Minister for Commerce, appreciated Meta’s collaboration in strengthening Pakistan’s digital economy. He stated that Pakistan is among South Asia’s fastest-growing digital economies, noting that over 75,000 IT graduates enter the market annually. Kamal noted that exports of IT and IT-enabled services had risen by 18% to reach $3.8 billion, while in the first quarter of the current fiscal year alone, IT exports grew by 21% to $1.06 billion. He said the National E-Commerce Policy 2.0 is being finalised, targeting a $20 billion market by…
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty ImagesStarbucks is expected to report its quarterly earnings after the bell on Wednesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report for its fiscal fourth quarter:Earnings per share: 56 centsRevenue: $9.35 billionMore than a year into CEO Brian Niccol’s tenure, the coffee giant is expected to post its seventh straight quarter of same-store sales declines. Wall Street is projecting that the company will report that same-store sales fell 0.3%, mostly due to weaker demand in North America.Facing tougher…
Incident occurs on Lyari Expressway as DIG Traffic’s vehicle exits Garden Interchange Karachi’s newly implemented faceless e-ticketing system has issued a fine to a vehicle belonging to the Deputy Inspector General (DIG) of Traffic Police, Pir Muhammad Shah, for violating traffic rules. The fine was issued for the driver not wearing a seatbelt while driving, amounting to Rs10,000. The incident occurred on the Lyari Expressway as the DIG Traffic’s vehicle exited at the Garden Interchange. While the driver was behind the wheel, the DIG was not in the vehicle at the time. His squad was en route to pick him…
Alphabet is set to report third-quarter earnings after the bell Wednesday.Here’s what analysts are expecting according to LSEG consensus:Revenue: $99.89 billionEarnings per share: $2.33 adj.Wall Street is also watching several other numbers in the report:YouTube advertising revenue: $10.01 billion, according to StreetAccountGoogle Cloud revenue: $14.74 billion, according to StreetAccountTraffic acquisition costs (TAC): $14.82 billion, according to StreetAccountAs Alphabet reports its latest results, Wall Street expects the search giant to show 13% year-over-year revenue growth.The company’s stock price soared 38% in the third quarter, its best quarterly performance in two decades. It’s continued to rally, climbing 11% so far in October, topping off a quarter…
The shutdown of the U.S. federal government could cost the economy up to $14 billion, depending on how long it lasts, the Congressional Budget Office said Wednesday.The shutdown, now in its fourth week, will result in the loss of at least $7 billion of gross domestic product by the end of 2026 as a result of furloughed federal employees working fewer weeks, the CBO said.And the cost will grow the longer the shutdown drags on, CBO Director Phillip Swagel told U.S. House Budget Committee Chairman Jodey Arrington, R-Texas, in a letter.A six-week shutdown will cost the economy $11 billion, and…
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. Carlos Barria | ReutersMeta is slated to report third-quarter earnings on Wednesday after the bell and investors will be watching for any indication that it will increase spending on artificial intelligence.Here’s what analysts polled by LSEG are expecting:Earnings per share: $6.69Revenue: $49.4 billionMeta has spent the year investing heavily in AI, and it conducted a massive overhaul of the organization leading…
Grokipedia’s content is generated by a generative-AI assistant called Grok, developed by xAI Technology entrepreneur Elon Musk’s company xAI has introduced Grokipedia, a new AI-driven online encyclopedia intended as a direct competitor to Wikipedia, which Musk and several US conservative figures have long accused of ideological bias. The site, labeled version 0.1, reportedly contained more than 885,000 articles by Monday evening. In contrast, the English-language Wikipedia holds over seven million entries. Musk accompanied the launch with a promise that version 1.0 would be “10× better” than the live site, which he claimed is already “better than Wikipedia”. He added: “We…
Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025.Eric Lee | Bloomberg | Getty ImagesMicrosoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the company’s scheduled earnings release.Users on social media reported problems accessing their sites and services running on Microsoft’s products, and the company’s websites, including its investor relations page, were down. The problems began around 11:40 a.m. ET, according to Downdetector, which relies on user reports.Microsoft didn’t immediately respond…
The logo and lettering of Paramount Skydance Corporation can be seen at a Paramount stand at the Media Days in Munich (Bavaria, Germany). Matthias Balk | Picture Alliance | Getty ImagesParamount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to the situation. The layoffs will eventually amount to 2,000 roles, the person said.”When we launched the new Paramount in August, we made clear that building a strong, future-focused company would require significant change – including restructuring the organization,” CEO David Ellison told employees in a memo…
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023.Ben Kriemann | Getty ImagesMicrosoft will report results for its fiscal first quarter after the close of regular trading Wednesday.Here’s what analysts are expecting according to a consensus of estimates from LSEG:Earnings per share: $3.67Revenue: $75.33 billionCloud continues to be the big driver of growth at Microsoft, as the business has proven to be a major beneficiary of the artificial intelligence boom. Last quarter, Microsoft disclosed the scale of its Azure cloud infrastructure business in dollars for the first time. The company said revenue in fiscal 2025…