Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services, and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more […]
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Reddit to test AI-powered search result pages

Reddit users will soon see AI-generated summaries at the top of search results.  Reddit CFO Drew Vollero told investors during its earnings call on Tuesday that the company plans to test AI-powered search result pages to “summarize and recommend content.” He noted this will help users “dive deeper” into content and discover new Reddit communities.  […]
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Elon Musk’s support for Trump pushes a corporate customer away from Tesla

Rossmann announced Tuesday it will no longer buy Teslas for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political activism.

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Super Micro announces 10 for 1 stock split

Super Micro announced a 10-for-1 stock split and issued upbeat guidance for the first quarter.

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Reddit reports better-than-expected results for second quarter as digital ad market improves

Reddit reported better-than-expected results in the second quarter, boosted by data-licensing revenue.

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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

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Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a recently announced deal with Volkswagen […]
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Google Assistant lives to automate another day

With new Pixel devices just over the horizon, Assistant’s days on Android may still be numbered. For the time being, however, it still has a place on the home.
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Amazon upgrades its AI image generator

Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users can “guide” the images they […]
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Google Breaks Antitrust Law with Search, Federal Court Rules

Judge Amit Mehta ruled Google’s “default distribution” of its search engine contributed to advertising revenue and illegally suppressed competition.

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