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Stephanie Turner
2 years ago
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AppLovin shares soared 46% after announcing financial results
- All told, AppLovin stock is up 519% since the start of 2024
- AppLovin now has a market valuation of $80+ billion
- Its Q3 2024 revenue is up 39% to $1.2 billion
- Revenue for the current quarter will be $1.24-1.26 billion (+31%)
- Gaming business slowed, online advertising thrives
- Revenue from advertising products was $835 million (+66%)
- This growth was driven by the new AXON engine version 2.0
- AppLovin net income was $434.4 million (+300%)
- Scorr. profit margin is already 78%
- AppLovin is testing its solutions for the e-commerce marketplace
- They will have a positive impact on revenues for 2025
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Pavel Ryzhikh
MEDIA
2 years ago
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MIT Students Create Talking Teapot with ChatGPT and a Built-In Display
MIT students have developed a unique talking teapot that’s designed to brighten up your evening with conversation—and even generate images on the built-in display.
This innovative gadget not only keeps your tea at the perfect temperature but also serves it for you. Inside, it features an intelligent speaker powered by ChatGPT. The teapot can ask how your day went and share stories, making it the
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Stephanie Turner
2 years ago
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Two OpenAI partners at once expect to get valuations of more than $2 billion
- OpenAI's rapid growth also helps vendors and partners
- Anysphere is looking to raise investment at a $2.5 billion valuation
- It is developing a Cursor assistant based on OpenAI technologies
- That valuation is six times higher than it was 4 months ago
- ARR has grown to $50M/year ($20M a month ago)
- That means Anysphere gets about $4M/month from its subscriptions
- OpenAI is already an invest
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