Tech
Sony’s digital dilemma results in courtroom brawl
Sony Interactive Entertainment is being sued for unlawfully restricting purchases of PlayStation games from its online store.
A class-action lawsuit has been proposed as gamers seek to allow outlets beyond Sony to sell digital game codes. In 2019 Sony stopped third-party online retailers such as Best Buy, Walmart and Amazon.com from selling their games online.
This means Sony is able to set their prices higher than the physical copies of the same games and monopolize the digital market, an example made in the lawsuit stated that in some cases there is a 175% inflation on titles that come from Sony’s online store.
This case comes as Epic Games is in court with Apple over the popular game Fortnite controversy.
Tech
WiseTech Global to slash 2,000 jobs amid AI transformation
WiseTech Global to reduce workforce by a third amid AI changes, despite 36% drop in net profit.
WiseTech Global to reduce workforce by a third amid AI changes, despite 36% drop in net profit.
WiseTech Global has announced plans to cut around 2,000 jobs, signalling the end of the era of manually writing code. The job losses, representing nearly a third of its workforce, will primarily affect product development and customer service.
The company’s chief executive says these redundancies are part of a broader push towards artificial intelligence-driven operations. WiseTech aims to streamline workflows and embrace automation, even as its net profit fell 36% due to acquisition costs.
Despite these cuts, WiseTech has reaffirmed its revenue and earnings guidance for the year, and its shares jumped 11 per cent following the announcement.
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Tech
Nvidia earnings soar as AI drives 75% revenue growth
Nvidia’s earnings soar as AI-driven data center revenue jumps 75% amidst booming demand
Nvidia’s earnings soar as AI-driven data center revenue jumps 75% amidst booming demand
– Nvidia’s earnings report shows a 75% increase in data centre revenue due to rising AI demand.
– Positive investor response led to a significant rise in shares following the company’s optimistic growth outlook.
Nvidia’s advancements in AI have positioned the company as a leader in the field, particularly in graphics processing units (GPUs) that have become essential for AI applications. The firm continues to innovate, expanding its offerings to meet the increasing demand from both data centers and research institutions.
AI Revenue
The growth in Nvidia’s data centre revenue is attributed to widespread adoption of AI technologies across various industries.
Companies in sectors such as healthcare, automotive, and finance are leveraging AI to enhance their operational efficiency and capabilities.
Nvidia’s success reflects broader trends in the market, highlighting the essential role of AI in driving technological advancements. As the demand for AI solutions escalates, Nvidia is likely to sustain its leadership position, reinforcing its strategy of focusing on AI-driven development and innovation.
Tech
OpenAI moves to replace software giants with AI products
OpenAI targets $280 billion revenue by 2030, prompting market fears despite some executives’ confidence in traditional software.
OpenAI targets $280 billion revenue by 2030, prompting market fears despite some executives’ confidence in traditional software.
OpenAI has revealed plans to replace major software providers with its own AI-driven products, signalling a dramatic shake-up across the tech industry. The company is targeting an eye-watering $30 billion in revenue by 2026 — and a staggering $280 billion by 2030 — underscoring just how aggressive its expansion strategy has become.
The announcement has rattled markets, with Atlantean’s stock sliding sharply amid fears that AI agents could reduce the need for traditional software licences. Investors are now questioning whether established providers can withstand a shift toward automated, AI-powered platforms.
OpenAI is doubling down through partnerships with major consulting firms to embed AI deeper into business operations. Still, some executives insist traditional software won’t disappear overnight — arguing it will evolve rather than collapse in the face of disruption.
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