XBOX FUTURE REVENUE GENERATION
YouTube earns more from Xbox games than Microsoft: CEO Satya Nadella
Microsoft CEO Satya Nadella said that YouTube generates more revenue from Xbox games than Microsoft itself, highlighting a struggle to monetise its gaming division despite significant investment. This comes as Bloomberg reported last week that Xbox is planning major layoffs next month, along with significant reductions to marketing and other budgets.
Microsoft has considered spinning off Xbox: Report
Microsoft is exploring significant changes for its Xbox gaming division. Options include a potential spinoff or restructuring as a wholly owned subsidiary. The company is also considering joint ventures. These moves aim to make the gaming business more attractive for potential sale. New leadership plans increased spending on top game franchises. Major layoffs and budget cuts are also anticipated.
$1,000,000,000,000: The larger story of Musk, the first trillionaire, lies not in wealth, but in power, tech and governance
Elon Musk's trillion-dollar valuation marks a new era in capitalism. This unprecedented wealth reflects a changing dynamic between technology and power. Private entities now wield influence once held by nations. Markets are valuing future possibilities over present products. Societies face the challenge of governing this new scale of economic power as institutions struggle to keep pace with rapid technological change.
SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut
SpaceX is poised for a historic Nasdaq debut, aiming for a market valuation over $2 trillion. This marks the world's largest IPO. The company's listing is a significant event for Wall Street's trading infrastructure. Investors anticipate strong initial trading performance. SpaceX's valuation reflects Elon Musk's ambitious vision and its leading position in the space industry.
Hitachi Energy India to set up Rs 2,000 cr large power transformer factory in Gujarat
Hitachi Energy India will invest approximately Rs 2,000 crore to build a new Large Power Transformer factory in Karjan, Vadodara, Gujarat. This significant investment aims to boost manufacturing capabilities and support India's growing electricity demand. The factory is scheduled for completion in FY28. It is expected to create over 1,000 jobs and strengthen the nation's energy value chain.
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AI could automate 80% of jobs, urges major tax reform: Vinod Khosla
Silicon Valley investor Vinod Khosla predicts AI will soon perform 80% of human economic work, with gains primarily benefiting investors. He proposes eliminating preferential capital gains tax rates after 2028, taxing them as ordinary income to fund displaced workers and lower taxes for those earning under $75,000. Khosla also suggests taxing AI-driven productivity to further support these initiatives.
SpaceX playbook set to fuel China's IPO ambitions but tech gap persists
In China, the initial public offering was watched as a benchmark for a younger industry eager to go public. But the frenzy masks a fundamental gap, with firms going public ahead of meaningful revenue and without the proven technology that underpins SpaceX's economics, a mismatch analysts say will cap valuations.
SpaceX to list today: Should Indian investors buy shares of Elon Musk's biggest bet after missing the IPO?
SpaceX IPO: SpaceX is set to list on Nasdaq today, marking the largest IPO in history with a $75 billion valuation. While Indian investors missed the IPO, they can now buy shares post-listing. Analysts are divided on whether to invest, citing SpaceX's unique business model and high valuation.
After record IPO, Musk's SpaceX faces next test in market debut
SpaceX is set to debut on Nasdaq with a massive $75 billion IPO. Investors are betting on Elon Musk's ambitious plans, valuing the company at $1.77 trillion. This landmark listing could reshape the market and pave the way for future tech giants. The stock's performance will be closely watched by all.
The voice taking your McDonald's order may not be human anymore
McDonald's is testing a new Google-backed AI drive-thru ordering system capable of handling customer conversations, processing orders, and supporting restaurant operations. While the technology is still in its early stages, the experiment highlights a broader shift taking place across the fast-food industry as companies increasingly look to artificial intelligence to improve speed, efficiency, and customer experience.
Not stocks or crypto: Gurgaon techie earning Rs 1.5 lakh a month, has a side hustle from which he earns Rs 15-20 lakh a year. What is it?
A software engineer in Gurgaon has built a lucrative side hustle by operating four coconut water carts. While working his full-time tech job, he manages the business by purchasing stock daily and collecting earnings in the evening. This seemingly simple venture reportedly generates an additional Rs 15-20 lakh annually, proving that profitable opportunities can be found in ordinary businesses.
FCAS collapse opens door for India-France sixth-gen fighter jet programme
India and France are discussing a joint project for a sixth-generation fighter jet. This opportunity arises after a Franco-German plan for a similar aircraft ended. Discussions have already taken place at the defence minister level. India is also set to receive advanced fighter jet engine technology from France. This collaboration could be a significant step for India's future air capabilities.
India grants retrospective custom duty relief on imports of select nuclear power generation equipment
India has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and January 31, 2026. The move exempts eligible imports from any duty demands for the period, providing certainty to importers and regularising past shipments used in nuclear power projects.
How Gen Z became the most important customer in FMCG
Young consumers are now driving major decisions at established food companies. Gen-Z and millennials are influencing product development, acquisitions, and marketing strategies. These younger shoppers are health-conscious, digitally savvy, and demand transparency. Their preferences are reshaping the entire packaged foods industry in India.
Fable 5's cost challenge; Opendoor's India exit
Anthropic's Fable 5 could rewrite how IT works, but the price tag and performance quirks raise hard questions. This and more in today’s ETtech Top 5.
Deezer launches free AI music detector for users of major streaming platforms
Deezer has introduced a free online tool to identify AI-generated songs on streaming platforms. The music company is also sharing its AI detection technology with the industry. This move aims to protect artist revenue, which studies suggest could be significantly impacted by AI music.
SpaceX IPO date, price, valuation, stock symbol, how to buy shares: What US investors need to know about Elon Musk's historic listing
The SpaceX IPO date is Friday, June 12, with shares trading on Nasdaq under ticker SPCX at $135 per share. SpaceX's $1.77 trillion IPO aims to raise $75 billion, shattering the previous record set by Saudi Aramco in 2020. Retail orders alone have surpassed $70 billion, prompting SpaceX to allocate 20% of shares to individual investors.
Microsoft's Xbox plans for major layoffs next month: Report
The job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of the gaming unit in February.
Tata Consumer sees margin boost, targets 20%+ EBITDA: Chairman Chandrasekaran
Tata Consumer Products aims for over 20% EBITDA margin in the long run. Newer businesses like Tata Sampann and acquired entities are key growth drivers. The company plans significant annual growth from acquisitions. Innovation and digital capabilities are also central to future expansion. Revenue and profit saw substantial increases in the last fiscal year.
Why is the SpaceX IPO generating unprecedented investor demand? Elon Musk’s $75 billion offering attracts more than $250 billion in investor orders
SpaceX IPO demand is rewriting Wall Street history. Elon Musk's SpaceX seeks $75 billion while investor orders reportedly exceed $250 billion. The $1.75 trillion valuation signals massive confidence in Starlink, AI infrastructure, satellite internet, and space technology. Markets are volatile, yet capital keeps rushing toward SpaceX. Sometimes money follows growth. Sometimes it follows the future.
DDA auction of 142 properties generates Rs 1,300 crore revenue
The Delhi Development Authority has hit a major milestone by auctioning 142 properties, bringing in a remarkable revenue of Rs 1,321 crore. This online auction was a tremendous success, with enthusiastic participation from various stakeholders, leading to bids that nearly tripled the set reserve price.
Meta launches business agent AI to automate customer service, sales and business operations
Meta has unveiled Meta Business Agent, an AI-powered assistant designed to help businesses automate customer support, sales, scheduling and other operational tasks. The launch signals Meta’s growing ambitions in enterprise AI and highlights the rise of agentic AI, where intelligent systems move beyond chatbots to manage workflows, customer relationships and business operations autonomously.
Order book growth keeps Persistent Systems on track
Persistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company remains confident in its long-term growth strategy. Nevertheless, analysts have recalibrated earnings forecasts downwards, anticipating a slowdown in revenue growth as clients increasingly incorporate AI technologies.
Hands-on with Intel's Arc G3 handheld at Computex: It might finally give AMD some competition
Intel is set to challenge AMD's hold on handheld gaming. New Arc G-Series processors, seen on the MSI Claw 8 EX AI+, offer better graphics and efficiency. Early impressions suggest smoother gameplay than current AMD-powered devices. This development could significantly shift the handheld gaming landscape. Availability in India and pricing remain key factors for its success.
Applied Digital signs $5.2 billion AI data center lease with US hyperscaler
Major technology companies are raising their spending on data centers to support powerful artificial intelligence models, boosting demand for electricity, computing capacity and specialized facilities.
‘Godzilla: Destroy All Monsters Melee’ remastered launches November 3 as Atari revives beloved kaiju fighting classic
Godzilla: Destroy All Monsters Melee Remastered is officially announced by Atari, set for a November 3, 2026 release. This high-fidelity recreation, rebuilt in Unreal Engine 5, will feature enhanced graphics, improved gameplay, online and local multiplayer, and 12 playable monsters. The game retains its signature arena-based combat with destructible environments.
Vegetable prices skyrocketed during Modi Govt's tenure: Telanagana CM Revanth Reddy
Telangana Chief Minister Revanth Reddy inaugurated a new fruit market and sub-registrar office complex. He criticized the central government for project delays and the BRS party for hindering development. Reddy vowed to fight for pending approvals and central funds. The government aims to boost agriculture and establish a 'Bharat Future City' to address pollution concerns.
US gamers getting older as industry reports growth
American video game players are aging, with the average now 37. The industry is seeing a comeback, reaching pre-pandemic activity levels. This shift challenges old stereotypes about gamers. The Entertainment Software Association emphasizes its long-standing self-regulation, including age ratings and parental controls, as a model for safety. This approach aims to build trust with lawmakers and the public.
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