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Industry
Nvidia posts $81.6 billion in first-quarter revenue as data centre growth drives results
Nvidia posted first-quarter revenue of $81.62 billion, extending its streak of record quarterly sales to 12. The figure rose 20 percent from the previous quarter and 85 percent from a year earlier, and beat an LSEG-compiled consensus estimate of $78.85 billion. Data centre revenue rose 92 percent to $75.2 billion, accounting for 92 percent of total sales. Adjusted EPS came in at $1.87. The company forecast $91 billion in second-quarter revenue, excluding China data centre sales.
Games & Commerce
Platforms step up election information to curb falsehoods and comment abuse
With the June 3 nationwide local elections nearing, major platforms including Naver, Daum and TikTok are strengthening systems to provide election information and respond to false information and comment abuse. They are focusing on upgrading AI-based detection and linking users to authoritative election information, while differing in how they structure special pages and enforcement. Naver is limiting comments on political stories. Daum is adding AI-driven features and abnormal-pattern detection. TikTok is building an in-app election center and labeling AI-generated content.
Crypto
Stablecoin war opens as South Korea weighs options against dollar dominance
Competition over digital currency sovereignty is intensifying globally and in South Korea as the United States moves to bring dollar-based stablecoins into the mainstream and other regions press ahead with regulation. In South Korea, legislation for a won stablecoin is delayed by disagreements over issuers, reserve requirements and oversight. Banks and fintech firms are already moving to secure payment infrastructure. U.S. crypto legislation has also stirred markets, lifting interest in some altcoins while bitcoin swings on geopolitical tensions.
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Industry
China-led low-spec HBM front expands, raising concerns over impact on Korean memory profits
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AI & Enterprise
AI startup ecosystem deepens shift toward Anthropic and OpenAI
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AI & Enterprise
McLaren F1 to AI factory: Dell's evolving technology ecosystem on display
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AI & Enterprise
Jeff Bezos says 2 to 3-year timeline for space data centre is a stretch
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Games & Commerce
Airbnb adds hotels and rental cars, says it could become the Amazon of travel
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AI & Enterprise
Low-cost AI spread could threaten OpenAI, Anthropic IPO plans
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AI & Enterprise
Intuit to cut 17 percent of full-time staff as growth slows
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AI & Enterprise
YouTube rolls out 'Ask YouTube' AI search, adds Gemini Omni to Shorts tools
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AI & Enterprise
GitHub data stolen from 3,800 internal repositories; malicious employee extension blamed
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AI & Enterprise
Nanoclo developer raises $12 million after rejecting $20 million acquisition offer
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AI & Enterprise
Stability AI releases new audio model that can create songs over six minutes
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AI & Enterprise
AI search startups keep coming despite Google and ChatGPT
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AI & Enterprise
OpenAI aims for September IPO, may file paperwork as soon as this week
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AI & Enterprise
Nvidia quarterly revenue jumps 85 percent, net profit more than triples
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AI & Enterprise
IrisGo unveils AI desktop agent, seeks preinstallation deals with PC makers