Spotify Technology reported a 22% jump in first-quarter revenue on Wednesday as the music streaming company beat analysts' expectations to reach 130 million paid subscribers for its premium service.
Artificial intelligence has been hailed as a monumental technology that will change the world, but coronavirus is showing that it is still in its infancy.
Since being put on the U.S. blacklist, Huawei has focused more on China and increased its smartphone market share at the expense of rivals like Xiaomi and Oppo. That has hurt Qualcomm.
Samsung warned sales and profits of smartphones and TVs are "expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally."
Among other ways the companies work together, and pay each other, a new filing reveals that SpaceX bought $600,000 worth of Tesla car parts in the first quarter of 2020 alone.
Surveillance-tech companies have flourished in recent years as law enforcement and spy agencies around the world have sought new methods for countering adversaries who now often communicate through encrypted mobile apps. The firms argue that their experience helping governments track shadowy networks of militants makes them uniquely qualified to uncover the silent spread of a novel disease.
Sectors like health care or financial services have been less impacted by the pandemic so far, but Omnicom foresees demand for marketing services to decline as advertisers cut costs in the short term.
The Covid-19 pandemic has pushed many companies and schools to remote work, which allowed Zoom to emerge as a key player. The videoconferencing software company last week surpassed 300 million daily users, up from 200 million in just weeks.
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