The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
Category: Company Reports
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Disney Posts Strong Earnings Despite Slowdown in Park Visitors
Disney parks are closely watched as a bellwether for consumer confidence.
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The New York Times Passes 13 Million Subscribers
The company’s adjusted operating profit hit $117.9 million in the quarter, up 27.2 percent from a year earlier, on revenue of $712.2 million.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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Tesla Profit Rises but Remains Below Earlier Highs
The company is investing in robots and self-driving taxis that are not yet generating significant sales.
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A.I. Is Eliminating Jobs on Wall Street
“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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UnitedHealth Group Reports Flat First-Quarter Earnings
One of the nation’s largest insurers, the company’s profits were higher than analysts’ expectations but still fell short of showing a significant comeback.
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Corporate Profits Are at Record Highs. These 4 Factors Could Sink Them.
Experts have different theories about what’s driving steep gains. But many agree the window for growth is shrinking.
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Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that “inflation will come.”
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
Higher inflation is leading companies to raise prices without sacrificing margins.