By Arsheeya Bajwa (Reuters) -GameStop missed quarterly revenue estimates on Wednesday as competition grew and consumers dialed back spending in an uncertain economy, hampering the videogame retailer’s pivot to a more online-focused model. Sticky inflation and high borrowing costs have led to uneven spending in the gaming industry. Recently, two major players, including Take-Two Interactive…
By Max A. Cherney (Reuters) -AMD estimated there was a $45 billion market for its data center artificial intelligence processors this year as it launched a new generation of AI chips on Wednesday. The total addressable market forecast is up from AMD’s $30 billion estimate in June. Advanced Micro Devices announced two new AI data…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals. The largest U.S. oil producer laid out plans to boost spending on nascent lithium and low carbon…
By Dawn Chmielewski (Reuters) – Walt Disney began offering Hulu as part of its namesake streaming service on Wednesday, bolstering Disney+’s family-friendly content with more general entertainment fare, such as FX’s intense kitchen drama “The Bear” and the popular reality show “The Kardashians.” The combined offering, known as “Hulu on Disney+”, will be available in…
