The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.
Category: Company Reports
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Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
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Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit
The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.
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Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.
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Boeing Loses $355 Million in Latest Quarter
The manufacturer has had to slow production of its popular 737 Max planes after a hole blew open on a jet during an Alaska Airlines flight in January.
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Tesla Earnings Report Could Add to Concerns About Its Strategy
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
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G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
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Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
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E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.