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Samsung posts brutal financials as chip business profits plunge by 94%

What just happened? Samsung's chip division has been in trouble for months, but the latest quarterly results confirm the slump is even deeper than feared. The company now faces heavy losses in semiconductors even as other divisions struggle to keep its profits afloat. Samsung Electronics recently posted its second-quarter financial results, and they're worse than expected. According to CBNC, the Korean tech giant reported revenue of 74.6 trillion won ($53.7 billion US), slightly up from 74.07 t

You can preorder Hitman: Absolution now on the App Store

If you’re a Hitman fan, you probably already knew that Agent 47 is set to return in Hitman: Absolution, coming later this year. Now, Feral Interactive has confirmed the release date and opened preorders on the App Store. In a YouTube video published yesterday, Feral Interactive set expectations even higher, promising “the full AAA experience on the go” for the much-anticipated return of the Hitman franchise, following the release of Hitman: Blood Money – Reprisal: The video description reads:

OpenAI is removing ChatGPT conversations from Google

OpenAI has removed a feature that made shared ChatGPT conversations appear in search results. The "short-lived experiment" was based on the chatbot's link creation option. After complaints, OpenAI's chief information security officer, Dane Stuckey, said the company is working to remove the chats from search engines. The public outrage stems from a Fast Company article from earlier this week (via Ars Technica). Fast Company said it found thousands of ChatGPT conversations in Google search result

Unemployment rising in remote-friendly occupations (2024)

The recent rise in unemployment is steeper in occupations where remote work is more widespread. A continued rise could shift bargaining power towards employers who want workers to return to the office. Last week Amazon announced that its workers would need to work in person five days a week starting in January. Since tech has been the sector most open to remote work, and Amazon is such a dominant tech company, Amazon’s announcement prompts the question: could remote work, after jumping during t

Corporation for Public Broadcasting ceasing operations

WASHINGTON, D.C. (August 1, 2025) – The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package and the release of the Senate Appropriations Committee’s FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor-H) appropriations bill, which excludes funding for CPB for the first time in more than five decades. For nearly 60 years, CPB has carried out its Cong

Apple’s Tim Cook Talks Trump Tariffs and AI

On Thursday, Apple CEO Tim Cook said the Silicon Valley company could end up spending nearly $2 billion thanks to President Donald Trump’s tariffs. “For the June quarter, we incurred approximately $800 million of tariff-related costs,” Cook told investors on an earnings call. He added that the company expects those costs to climb to $1.1 billion in the quarter ending in September if Trump’s tariff policies remain unchanged. As Apple watchers know, that’s the same month when the new round of iPh

Amazon stock sinks 8% after earnings: Here are the key takeaways

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren't good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares were down about 8% Friday. The

Tesla must pay $329 million in damages after fatal Autopilot crash, jury says

A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The payout includes $129 million in compensatory damages, and $200 million in punitive damages against Tesla. Attorneys for the plaintiffs had asked the jury to award damages of around $345 million. The trial in the Southern District of Florida started on July 14. The suit centered around who sho

Apple reports Q3 2025 earnings: $94.04 billion in revenue, up 10% (charts)

Apple just released its earnings report for fiscal Q3 2025 ended June 28. The company generated $94.04 billion in revenue, up 10% from the same quarter last year, and above the expected revenue of $89.22 billion. Here’s the full breakdown. AAPL Q3 2025 earnings Apple reported $1.57 earnings per share for Q3 2025, and $23.42 billion in profit. Here is the full breakdown of the top numbers: Total revenue: $94.04 billion iPhone revenue: $44.58 billion Mac revenue: $8.05 billion iPad revenue:

Tesla must pay $329M in damages in fatal Autopilot case, jury says

A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The payout includes $129 million in compensatory damages, and $200 million in punitive damages against Tesla. Attorneys for the plaintiffs had asked the jury to award damages of around $345 million. The trial in the Southern District of Florida started on July 14. The suit centered around who sho

Show HN: TraceRoot – Open-source agentic debugging for distributed services

TraceRoot is an open-source debugging platform that helps engineers fix production issues 10x faster by combining structured traces, logs, and source code context with AI-powered analysis. Contributing | TraceRoot.AI | Community | SDK | Documentation Join us (Discord) in pushing the boundaries of debugging with AI agents. Please 🌟 Star TraceRoot on GitHub and be instantly notified of new releases. TraceRoot Framework Design Principles 🤖 Intelligence The framework enables multi-agent systems

Nintendo revenue doubles as Switch 2 sales top 5.8 million units

What just happened? Nintendo has a hit with its new Switch 2 console, and now it has the numbers to prove it. For the first quarter of the fiscal year ending March 2026, the company more than doubled its net sales, jumping from 246.6 billion yen to 572.3 billion yen (roughly $3.9 billion). That figure easily beat analyst expectations, with LSEG forecasting just 474.84 billion yen. Operating profit checked in at 56.9 billion yen versus the 53.46 billion yen that Wall Street was anticipating. Un

Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%. The descent triggered a wave of long liquidation

Nintendo has sold over 6 million Switch 2s but still can't keep up with demand

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo sold 5.82 million Switch 2s in less than four weeks and is on pace to hit its target of 15 million units by April 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the original Switch, which took a full year to hit that s

Nintendo raising original Switch console prices due to ‘market conditions’

Nintendo is raising the prices of its original Nintendo Switch game consoles, the company announced on Friday. The price increases, which are taking effect on August 3, are due to “market conditions,” Nintendo says. The company’s reference to “market conditions” likely hints at President Donald Trump’s tariffs. The affected products include the Nintendo Switch – OLED Model, Nintendo Switch, Nintendo Switch Lite, and select Nintendo Switch accessories. Other Nintendo products, including certain

Spotify update now lets you turn off the ‘Create’ button – here’s how

Spotify recently introduced a “Create” button along its bottom navigation bar, but it’s really not that helpful. Thankfully, Spotify has fixed this in a new update that lets you turn the “Create” button off. It’s been months since Spotify first rolled out its new “Create” button on the navigation bar, with the button moving from its previous location on the Library tab down to this dedicated position. Tapping the button reveals options to make a new playlist, collaborative playlist, “Blend,” A

Hyrum's Law

Hyrum's Law Put succinctly, the observation is this: With a sufficient number of users of an API, it does not matter what you promise in the contract: all observable behaviors of your system will be depended on by somebody. Over the past couple years of doing low-level infrastructure migrations in one of the most complex software systems on the planet, I’ve made some observations about the differences between an interface and its implementations. We typically think of the interface as an a

Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

Elyse Betters Picaro / ZDNET ZDNET's key takeaways Tariffs cost Apple approximately $800 million last quarter. That bill will go up to about $1.1 billion this quarter. Apple says 1 in 10 iPhone sales in April were due to tariff fears. Apple earnings calls usually have a theme, and there's usually a word associated with that theme that ends up being repeated many times throughout the call. During yesterday's call, the theme and repeated word was "tariffs." iPhone sales were up Because of

OpenAI raises $8.3B at $300B valuation

Andrew here. It’s a huge morning of news: We have an exclusive on OpenAI’s latest fund-raising round, with some new boldfaced investor names and one big check; we sort through the latest tariff news and what comes next; we also dive into Figma’s I.P.O. for the ages, and more. And stay tuned for the jobs numbers, which come out shortly. OpenAI’s latest mega-round While Wall Street has been focused on how tech giants are spending on artificial intelligence, the most prominent name in the field,

The military’s squad of satellite trackers is now routinely going on alert

This is Part 2 of our interview with Col. Raj Agrawal, the former commander of the Space Force's Space Mission Delta 2. If it seems like there's a satellite launch almost every day, the numbers will back you up. The US Space Force's Mission Delta 2 is a unit that reports to Space Operations Command, with the job of sorting out the nearly 50,000 trackable objects humans have launched into orbit. Dozens of satellites are being launched each week, primarily by SpaceX to continue deploying the St

Klarna might reschedule its IPO for September

In Brief Klarna might look to IPO as early as September, sources told Bloomberg. The news comes as fintech stock prices surge and the US IPO market strengthens. Klarna filed for IPO back in March but paused such plans only a month later after President Trump’s tariff announcements rattled the market. At the time, Klarna was looking to raise at least $1 billion and nab a $15 billion valuation. By June, however, Klarna’s co-founder and CEO, Sebastian Siemiatkowski, took a different turn. When as

OpenAI reportedly raises $8.3B at $300B valuation

ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itse

Apple ships 3 billionth iPhone as quarterly revenue jumps 10% – its biggest growth since 2021

What just happened? Apple has sold a lot of iPhones since the first model launched in 2007. As we approach the 20-year anniversary, Cupertino's handsets have hit a milestone: 3 billion units have now been shipped. It was an excellent quarter overall for Apple, partly spurred by people panic-buying its products over fears that the Trump tariffs would drastically increase their prices. With fears of falling behind rivals in the AI race, struggling in its once-dominant China market, and facing pre

Amazon stock sinks 7% after earnings: Here are the key takeaways

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren't good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares were down about 7% Friday. Prof

Launch HN: Societies.io (YC W25) – AI simulations of your target audience

Hi HN, we’re Patrick and James! Artificial Societies ( https://societies.io ) lets you simulate your target audience so you can test marketing, messaging and content before you launch them. Here’s a quick product demo: https://www.loom.com/share/c0ce8ab860c044c586c13a24b6c9b391?... Marketers always say that half their spend will be wasted - they just don’t know which half. Real-world experiments help, but they’re too slow and expensive to run at scale. So, we’re building simulations that let y

Vast majority of new US power plants generate solar or wind power

The United States added 22,332 megawatts of power plant capacity in the first half of this year, and the vast majority of it was utility-scale solar, batteries, and onshore wind. Natural gas was next, and there was zero new coal or nuclear, according to the Energy Information Administration. Through 2030, the US energy landscape looks a lot like these last six months in terms of the mix of new power plants, with solar and batteries leading the way, according to the EIA’s list of planned power

VC industry has become a better career for women over the past 7 years

In Brief Women are making strides in the venture capital world, according to a new report published by the nonprofit All Raise and as first reported by the Wall Street Journal. All Raise released a report that said 18.6% of the top roles at leading VC firms are held by women, which is double what it was in 2018. The survey also found that many women (a quarter of survey respondents) were promoted last year and that investors were still interested in backing underrepresented founders (75% of in

Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

In Brief AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources. TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation. The round could close in the next few weeks, per Reuters, which would make New York-based Vast Data — last valued at $9.1 billion in 2023 — one of the most valuable tech

Joby, L3Harris partner on hybrid defense craft that can be piloted or autonomous

An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Joby Aviation and defense manufacturing giant L3Harris announced a partnership Friday to develop a next-generation military craft that can be piloted or fly autonomously. The partnership brings together Joby's hybrid vertical take-off and landing, or VTOL, aircraft and L3's expertise in military systems and certification. The companies expect to begin testing this fall, followed by o

Nintendo sold 5.82 million Switch 2s in 7 weeks but still can't keep up with demand

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo has already sold 5.82 million Switch 2s since the console went on sale on June 6th and still expects to sell 15 million units by the end of its fiscal year in March 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the or