Microsoft’s latest earnings show Xbox hardware revenue crashing 32% year-over-year. With first-party games heading to PlayStation and Game Pass at risk, the next Xbox console faces an existential crisis. Is the hardware trap inescapable?
An internal presentation reveals Paramount’s desperate playbook for its streaming service. They’re considering a TikTok-like feed and free content tiers, all while merging their tech platforms. It’s a bold, messy strategy.
2026 is shaping up to be a brutal year for European carmakers. They’re squeezed by stagnant sales, surging Chinese EV brands, and contentious new EU emissions regulations. The fight for survival is on.
According to a PwC survey, 56% of companies say AI hasn’t delivered cost savings or revenue gains. The author argues this is because leaders are using the wrong metrics, treating AI as an efficiency tool instead of a new, cheap source of analytical capacity.
Meta’s virtual reality division, Reality Labs, posted staggering losses of $19.1 billion in 2025. CEO Mark Zuckerberg expects losses in 2026 to be similar, even as the company shifts focus and cuts staff.
Meta shares are up after reporting a 24% rise in revenue, beating forecasts. The bigger news is a planned capital expenditure surge to between $115 and $135 billion in 2026, nearly double 2025’s spend, to fuel its “Superintelligence” unit. The company will hold its earnings call at 4:30 p.m. EST tod
Microsoft’s early AI advantage is slipping. Despite huge investments, its shares have fallen, and rivals like Google and Anthropic are now setting the pace. The big question is ROI.
Tesla is putting $2 billion into CEO Elon Musk’s artificial intelligence venture, xAI. The company also reiterated that production of its futuristic Cybercab robotaxi is still on track to start this year, a promise it has missed before.
Ubisoft is initiating a voluntary redundancy program at its Paris headquarters, targeting up to 200 jobs. This follows a massive corporate restructuring and a plummeting share price, with employee morale reportedly at an all-time low.
Microsoft just posted a monster quarter, with revenue hitting $81.3 billion and Azure growing 39%. A huge chunk of that profit, $7.6 billion, came from its stake in OpenAI. But the stock still dropped over 5% after hours. Why? The spending is getting absolutely massive.
