Tag: Revenue

UpCodes launches Copilot, an AI tool that simplifies complex building code questions for professionals and homeowners. With a recent $3.5m funding round, UpCodes plans to expand their platform's AI-based features and update their database of US regulations.

Meituan, the Chinese food delivery and services provider, reported a net profit of RMB 3.36 billion in the first quarter of 2023, boasting a return to profitability. Revenue from local commerce such as food delivery, in-store, hotel, and travel also increased by 25.5%. CEO Wang Xing is credited for driving the success of the company by revolutionizing different businesses and adapting to consumer needs in China.

Nvidia, the world's leading AI and graphics chip manufacturer reported revenue of $7.19 billion for its first fiscal quarter ended April 30. This is 13% lower than the previous year, but higher than predicted. Their data center revenue for Q1 was a record high of $4.28 billion, showing signs of recovery. The GeForce RTX family of GPUs was welcomed with Ada Lovelace architecture and DLSS, starting at $299. They also added 36 DLSS powered gaming titles to GeForce Now, bringing the total to over 1,600.

Samsung, a leading name in tech innovation, shocked many with its decision to back away from plans of switching its in-house internet browser's default searcher engine from Google to Bing. This move was spurred by undetermined circumstances, though rapid growth of Microsoft's AI technologies may have been a factor. Despite public perception and revenue implications, it appears that Samsung has taken caution in maintaining its Google relationship.

. Heads up - British multinational telecommunications giant BT Group is about to cut more than 50,000 jobs worldwide by 2030. CEO Philip Jansen believes Artificial Intelligence can replace as many as 10,000 positions. BT is using chatbot ‘Amy’, and AI tools like OpenAI’s ChatGPT, to improve and simplify customer service and processes. It's time to take AI seriously!