Ai

Reddit reported a strong second quarter on Thursday, with revenue and net income beating Wall Street expectations, but the stock slid over 10% in after-hours trading after CEO Steve Huffman warned that search referrals had become “choppy” due to changes in the search landscape driven by artificial intelligence.

Apple CEO Tim Cook has hinted that the company may introduce a paid tier of iCloud Plus for users who require extensive access to its upcoming artificial intelligence features.

During the third fiscal quarter conference call for fiscal year 2026 held recently, Apple CEO Tim Cook hinted that with the upcoming release of iOS 27, Apple plans to introduce a higher-tier iCloud+ subscription for users who frequently use AI features.

CEO Mark Zuckerberg revealed on the second-quarter earnings call that several new apps are in the pipeline, including recently launched apps for Marketplace sellers, Facebook Groups, a gaming app built through 'vibe coding,' an Instagram photo app, and an AI bedtime story experiment.

Microsoft's stock price surged 15% at Thursday's close, adding approximately $450 billion in market value, marking its largest single-day gain in nearly 18 years.