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Reddit’s Q2 earnings surge as AI and ads drive growth

Reddit’s quarter earnings report highlights significant strides in its AI and advertising initiatives, resulting in a substantial revenue increase. The report, which was released on Thursday, shows the social media giant reporting that advertising continues to be its dominant revenue stream, accounting for a staggering $465 million, or 93% of total revenue. The company’s focus on … Read more

Microsoft hits $4 trillion market cap

Microsoft’s market value soared past $4 trillion in after-hours trading on July 30, joining Nvidia as only the second company to reach this milestone, following a robust quarterly earnings report. The software giant’s shares surged 8%, boosting its market capitalisation to approximately $4.1 trillion. The company reported an 18% revenue increase for the fiscal fourth … Read more

ENDS explores London’s underbelly in 2026 beta

A new role-playing game, ENDS, is poised to captivate fans of the Grand Theft Auto series with its immersive open-world experience set in London’s underbelly. Developed by Concrete Realms, the single-player action-adventure title contrasts the city’s wealth with its harsh realities, promising a narrative-driven crime drama. ENDS is slated for release on PC, PlayStation, and … Read more

Meta to double AI investment with $72b in 2025, eyes 2026 growth

Meta will channel between $66 billion and $72 billion into AI infrastructure in 2025, nearly doubling its prior year’s investment, according to its second-quarter earnings report released July 30. The spending will focus on expanding data centres and servers to fuel its artificial intelligence ambitions. The company forecasts a $30 billion increase in capital expenditure … Read more