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Tencent Says AI Spending Is Yielding Results
Chinese tech giant Tencent says its artificial intelligence (AI) investments have begun paying off. In releasing its quarterly earnings on Wednesday (May 14), the company’s CEO noted that its AI cap...
Chime Sees $86 Billion Revenue Opportunity Amid Digital Banking Shift
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts. Since then, however, the push towar...
Bally’s group revenue falls in the wake of selling its Asian operations
Bally’s group shares revenue slump following divestiture of its Asia-facing online operations. The group has shared its revenue for the first quarter of 2025, posting $589.2 million, a 4.7% year-on-...
Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
May 14, 2025 – Willemstad, Curaçao Whale.io, the leading crypto casino and sportsbook multichain platform, is doubling down on its mission to empower players with the launch of its new ‘wager a...
Microsoft is laying off 3% of its workforce: 6,500 jobs gone
Microsoft is set to lay off 3% of its global workforce, according to a report by CNBC, potentially affecting over 6,500 employees out of its 228,000 worldwide staff as of June. A Microsoft spokesperso...
Americas’ online revenue set to match Europe’s by 2028
Projections place online casino revenue in the Americas at $56.3 billion by 2023, matching that of Europe. The combined revenue of North and South America is expected to reach new heights, equalling E...
TensorWave Rides the AI Infrastructure Tidal Wave with $100 Million Funding Injection
In a market clamoring for more computational muscle to power the insatiable demands of artificial intelligence, a new contender has emerged from the silicon shadows. TensorWave, a company laser-focuse...
Chinese-linked firm raises $300M from private investor to buy TRUMP memecoin
A little-known tech company with ties to China is pledging up to $300 million to purchase Bitcoin and the Trump-themed memecoin TRUMP, according to a May 11 filing with the US Securities and Exchange ...
Catena Media cuts 25% of workforce to surve 40% revenue drop
Catena Media has cut 25% of its workforce in a push to reduce costs following a 40% drop in revenue in the first quarter of 2025. Online gambling news company Catena Media is cutting costs in a number...
Crypto Experts Split on Internet Capital Market Tokens: A Breakthrough or Just Another Crypto Bubble?
The rise of Internet Capital Markets (ICM) tokens has divided the crypto community on X (Twitter) over what the future o...
Newswire > Tag: revenue
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