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WSJ Tech News Briefing

TNB Tech Minute: Tesla Posts Surprise Profit Jump in Third Quarter

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 23 October 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, Perplexity’s CEO proposes revenue-sharing deal with news publishers that have criticized the startup. And AT&T’s CEO says he doesn’t expect Apple Intelligence to lead to an iPhone sales boom. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

So what's it like to buy your first cryptocurrency on Krakin?

0:05.0

Well let's say I'm at a food truck I've never tried before.

0:08.0

Am I going to go all in on the loaded taco?

0:10.0

No, Suri. I'm keeping it simple. Starting small. That's trading on Krakhan.

0:15.3

Pick from over 190 assets and start with a 10 quid in your pocket.

0:19.7

Easy. Go to crackin.com and see what crypto can be.

0:23.2

Don't invest unless you're prepared to use all the money you invest.

0:26.3

This is a high-risk investment and you should not expect to be protected if something goes

0:29.2

wrong.

0:30.2

Here's your TnB Tech Minute for Wednesday, October 23rd. I'm Zoe Thomas for the Wall Street Journal.

0:39.0

Tesla has reported a surprise increase in quarterly profit.

0:44.0

It's the first increase since the electric carmaker started slashing prices and offering promotions to stimulate new car sales this year as its earnings began to slide.

0:54.8

Net income for the third quarter was $2.2 billion.

0:59.0

That's up 17% from a year earlier, thanks in part to higher revenue and an uptick in new vehicle

1:05.2

deliveries. Revenue for the quarter was up 8 percent from a year earlier to 25.2 billion dollars. The founder and CEO of Proplexity says the company wants to reach revenue sharing

1:18.6

partnerships with news publishers that have criticized it for allegedly misappropriating their content.

1:25.0

Aravin Shrinovas made the comments at the Wall Street Journal's Tech Live event today.

1:30.0

It comes just two days after W.S.J. Parent, Dow Jones, and the New York Post, both owned by News Corp, sued perplexity for copyright infringement.

1:40.0

Other news publishers, including the New York Times, have sent legal notices requesting

1:45.2

that Proplexity's search engine stop using their content.

1:48.9

Shrinovas articulated a vision where Perplexity would share advertising revenue with publishers.

1:54.0

The company has already announced partnerships along those lines with a handful of publishers.

...

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