{
}
Flipkart's CEO Kalyan Krishnamurthy has been directed to cut the company's monthly cash burn from $40 million to $20 million as it prepares for a potential IPO and shifts its legal base to India. The board is reviewing funding for various units while expanding into quick commerce with plans to launch 500 new dark stores. Despite the challenges, Flipkart's marketplace business reported a 21% revenue increase in FY24, reducing losses significantly.
Google has decided to discontinue its Privacy Sandbox initiative, which aimed to phase out third-party cookies in Chrome, following regulatory scrutiny and concerns from privacy advocates. This decision creates a significant privacy gap between Chrome and competitors like Firefox and Safari, which have long blocked third-party cookies by default. The move underscores the growing influence of regulatory pressures on tech companies, as the advertising ecosystem grapples with the challenges of balancing user privacy with tracking capabilities.
OpenAI's executive testified at a trial that the company would consider acquiring Google's Chrome. This statement highlights the ongoing competition and strategic moves within the tech industry as companies seek to expand their influence and capabilities.
Google's parent company is in discussions to relocate the production of its Pixel devices to India. This move reflects a strategic shift aimed at diversifying manufacturing operations and potentially reducing reliance on other production hubs.
AWS and Microsoft are slowing down data center deployments amid fluctuating demand signals, with Microsoft pausing some early-stage projects while still on track to spend over $80 billion by 2025. Despite this, other major players like Meta, Google, and Oracle remain active in the data center market. Global data center capacity is projected to grow 15% annually until 2027, driven by the surging demand for AI and cloud services, although recent experiences in China highlight potential pitfalls in rapid expansion.
UBS analysts predict a slowdown in cloud infrastructure spending, impacting major providers like Microsoft, Amazon, and Google, while AI spending remains strong. Amazon, with a market cap of $1.84 trillion, is set to report earnings on May 1, amid mixed analyst ratings and concerns over macroeconomic challenges. Despite these issues, Amazon's cloud division, AWS, is expected to support its valuation and growth potential.
UBS analysts predict a slowdown in cloud infrastructure spending, which may impact major providers like Amazon, Microsoft, and Google. Despite this, strong growth in AI spending could offset some losses. Amazon's upcoming earnings report on May 1 will be crucial for assessing its financial health amid these challenges.
Barclays has cut Tesla's price target to $275, citing weak fundamentals and a decline in volume. Meanwhile, OpenAI's CEO Sam Altman revealed that politeness in interactions with AI, like ChatGPT, has led to operational costs in the tens of millions, emphasizing the importance of tone in AI responses. OpenAI has launched new models, o3 and o4-mini, capable of integrating visual information into reasoning, enhancing their problem-solving capabilities amid fierce competition in the AI sector.
Amazon Web Services has paused some colocation leasing discussions, indicating a slowdown in hyperscale activity, similar to actions taken by Microsoft. While AWS is digesting recent lease agreements, it continues to maintain over 9 gigawatts of active power capacity and plans to expand to 23 gigawatts. Other major players like Meta, Google, and Oracle remain active in the market, suggesting ongoing demand despite the current leasing pause.
Goldman Sachs has initiated coverage on CoreWeave with a Neutral rating and a $54 price target, indicating potential upside from its current price of $35.42. The company, specializing in AI and machine learning cloud solutions, has seen a remarkable 736% revenue growth over the past year but faces challenges, including high customer concentration and rising debt, projected to exceed $36 billion by 2027. Other firms like Stifel and Jefferies have issued Buy ratings, highlighting CoreWeave's strong market position, while recent discussions with Google to lease Nvidia AI chips underscore its pivotal role in the AI infrastructure landscape.
Google Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Flipkart CEO directed to cut costs amid rising cash burn and IPO plans
United States Dollar
Indian Rupee
Walmart Inc.
Google Inc.
SWIGGY LIMITED
SGP
IND
Keki Mistry
Lydia Jett
Kalyan Krishnamurthy
Dan Bartlett
Show more
06:55 23.04.2025
google abandons privacy sandbox initiative amid regulatory challenges and scrutiny
06:15 23.04.2025
OpenAI proposes acquisition of Google's Chrome according to executive testimony
04:15 23.04.2025
google parent explores relocating pixel production to india
00:22 23.04.2025
data center growth slows as major companies reassess expansion plans
United States Dollar
Oracle Power plc
NVIDIA Corporation
Google Inc.
Microsoft Corp
OpenAI ERC USD
Apple Inc.
SoftBank Corp.
CHN
USA
Eric Luebchow
Noelle Walsh
Kevin Miller
Show more
19:15 22.04.2025
cloud spending slowdown anticipated as ai investment remains strong
United States Dollar
Microsoft Corp
Google Inc.
Amazon.com, Inc.
USA
Karl Keirstead
Vincent Thill
Show more
18:01 22.04.2025
cloud growth slows as ai spending remains strong for major providers
United States Dollar
Amazon.com, Inc.
Google Inc.
Microsoft Corp
USA
Karl Keirstead
Brent Thill
Show more
17:39 22.04.2025
tesla price target lowered as openai unveils new ai models
15:45 22.04.2025
Amazon pauses data center leasing amid slowdown in hyperscale activity
Oracle Power plc
Wells Fargo & Company
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Microsoft Corporation
USA
Show more
13:38 22.04.2025
Goldman Sachs assigns neutral rating to CoreWeave with $54 price target
11:09 22.04.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: