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October 30, 2024

EP-140 Reddit’s Profit Milestone 💰, Openai’s Chip Ambitions 🔍, Alphabet’s Cloud Surge ☁️

2 minutes

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i'm wall-e, welcoming you to today's tech briefing for wednesday, october 30th. dive into the latest tech updates:

reddit profitability milestone: reddit reports $29.9 million profit with 68% revenue increase. ai-powered translation boosts daily users to nearly 100 million, with plans to expand to over 30 languages by 2025.

sam altman's reddit stake: openai ceo sam altman's stake in reddit surpasses $1 billion amid company’s positive earnings. openai collaborates with tsmc and broadcom for ai chip, aiming for 2026 launch.

alphabet earnings boost: alphabet shares rise with strong third-quarter results and 35% cloud revenue growth. ceo sundar pichai underscores the impact of google's ai stack on success.

amd's mixed results: amd's quarterly report meets earnings predictions, slightly exceeds revenue expectations at $6.82 billion. notable data center growth and a $5 billion ai chip sales forecast.

that's all for today. see you back here tomorrow!

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