Transcript
A (0:00)
Introducing Super Broadband from T mobile for business nationwide 5G integrated with Starlink. Discover more@superbroadband.com Speeds vary due to local network characteristics and management. Satellite requires hardware installation and clear view of the sky with 36 month commitment
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here's your afternoon TNB Tech minute for Wednesday, May 6th. I'm Julie Chang for the Wall Street Journal. Anthrabic has partnered with SpaceX to secure much needed computing power. Anthropic will use all of the computing capacity at SpaceX's Colossus 1 data center and receive 300 megawatts of new capacity by the end of the month. Anthropic also showed interest in a partnership with SpaceX to build AI data centers in Space, which has long been one of SpaceX CEO Elon Musk's top priorities. Financial terms of the agreement weren't disclosed. Disney's new CEO laid out his long term vision for the company today, which centers on using technology to reach consumers and and increase profits. In a letter to shareholders, Josh d' Amaro emphasized his plans to make Disney a digital hub for all the company's businesses and invest in new technology, particularly around video games. Disney faces a costly transition from linear TV to streaming, economic and political instability and heightened competition from tech companies such as YouTube. For the second fiscal quarter, Disney reported revenue of over $25 billion, up 7% from a year earlier. Earning earnings per share rose 8% above analysts expectations, thanks in large part to growing streaming margins. Profits from Disney and Hulu shot up 88% last quarter to $582 million and Instacart reported higher first quarter revenue and said consumers were continuing to spend in the grocery category. The food delivery platform posted net income of $144 million in line with Wall Street's expectations and and up from $106 million the year prior. Revenue rose 14% to over $1 billion and gross transaction value was up 13%. Instacart's CEO noted consumers are focused on affordability which is driving sales to value based retailers. The company's deepening partnerships with grocery stores to counter Amazon and Walmart's expansion into grocery delivery and that's your T and B tech minutes. Check back in the morning for another quick tech update.
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A new era of business Internet is here, introducing Super Broadband from T Mobile. Discover more@superbroadband.com speeds vary due to local network characteristics and management. Satellite requires hardware installation and clear view of the sky with 36 month commitment.