Astro Bot, which was released during the September quarter, sold 1.5 million units in its first 58 days, according to Sony.
@ryan_browne_
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Wise shares surge on H1 earnings, analyst bullish
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Wise shares up a solid ~6% on the back of H1 earnings. Gautam Pillai, head of fintech research at Peel Hunt, says he's "bullish" on the stock at current levels.
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Apple Faces First-Ever EU Digital Markets Act Fine
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Apple is reportedly set to face the first-ever fine under the EU's landmark Digital Markets Act.
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Russia fines Google $20 decillion fine absurdity
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Prob my fav tech story of the year: Russia fined Google $20 *decillion*. "Google would therefore have to find more money than exists on Earth to pay Moscow – but on Tuesday fell a little short of that mark when it posted $88 billion quarterly revenue."
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UK Budget Creates Significant Challenges for SMBs
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From a broader UK biz POV, @SteveHare
, CEO of accounting software firm Sage, said the budget will mean “significant challenges for UK businesses, especially SMBs" due to higher NIC and minimum wage. -
UK CGT increases threaten next Nvidia-scale AI startup
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@HaakonOverli
, co-founder of European VC firm Dawn Capital, said increases to CGT would make it harder for the next Nvidia to be built in the UK – which, he says, would be more likely than not to be a VC-backed company. -
Fintech CEO Warns of £800k NI Rate Hike Impact
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@PaulTaylorCEO
, CEO and co-founder of fintech firm Thought Machine, said the hike to NI rates would lead to an additional £800,000 in payroll spending for his firm. “This is a significant amount for companies like us," he said. -
Tax Hikes Threaten UK Tech Startup Growth and Investment
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Hikes to Capital Gains Tax and National Insurance are the biggest source of frustration for industry players, who tell me it's likely to make it harder for promising startups to hire, or raise the necessary capital to build globally relevant tech businesses.
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UK Budget Threatens Tech Giants Development, Say VCs
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Tech execs and VCs I've heard from say Rachel Reeve's budget is likely to make it harder for the UK to build generational tech giants of the scale the US has seen, like Nvidia and Microsoft.
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Microsoft Beats Earnings but Signals Slower Growth Ahead
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Microsoft beat earnings and revenue expectations – but a warning that it's expecting slower growth next fiscal quarter sent shares down 4% after-hours. https://
cnb.cx/3YIYUgN @jordannovet has the details.