Category: Business

BusinessEnergyTechnology

Tesla Q3 Earnings Preview: Analysts Divided on EV Maker’s Outlook Amid AI Hype

Tesla prepares to report third-quarter results amid sharply divided analyst sentiment. While some firms see substantial downside risk, others maintain bullish positions based on the company’s AI and autonomy narrative. The earnings report comes after strong delivery numbers but concerns about post-tax credit demand.

Divided Expectations Ahead of Tesla’s Earnings Report

Tesla is reportedly set to release third-quarter financial results after markets close Wednesday, with analysts expressing sharply contrasting views about the electric vehicle maker’s prospects. According to sources familiar with analyst surveys, expectations point toward earnings of 56 cents per share, representing a 22% year-over-year increase, on revenue of $26.54 billion. These projections come despite Tesla’s second-quarter miss on both top and bottom lines, suggesting cautious optimism among some market observers.

by Liam Dorsey
AIBusinessTechnology

Reddit Files Data Scraping Lawsuit Against AI Firm Perplexity and Data Brokers

Reddit has initiated legal action against Perplexity AI and three data scraping companies over alleged unauthorized data collection. The lawsuit signals escalating tensions over data ownership in the competitive artificial intelligence sector. Legal documents indicate the companies systematically harvested Reddit content through Google search results.

Legal Action Over Alleged Data Harvesting

Reddit Inc. has filed a federal lawsuit against artificial intelligence company Perplexity AI Inc. and three data scraping firms, according to reports emerging from legal documents. Sources indicate the legal action centers on allegations of systematic data collection from the social discussion platform without proper authorization, highlighting the growing value of original data in the rapidly expanding AI industry.

by Darren Holt
BusinessSoftwareTechnology

Ubisoft RedLynx Restructures with 60 Job Cuts, Pivots to Mobile and Handheld Focus

Ubisoft’s Finnish studio RedLynx is proposing significant staff reductions affecting 60 developers. The move comes as the Trials Rising developer shifts its strategic focus toward mobile gaming and small-screen optimization, including work on Nintendo Switch 2 titles.

Strategic Shift Leads to Workforce Reduction

Ubisoft RedLynx, the Finland-based development studio behind the Trials franchise, is reportedly planning to lay off approximately 60 developers from its Helsinki team. According to reports, the staff reductions come as part of a broader restructuring initiative that will see the studio transition from multiplatform development to specializing in “small screens” – primarily mobile devices and handheld gaming platforms.

by Ethan Carver