Netflix can afford to lose this case. The company reported $12.25 billion in revenue in the first quarter of 2026, a 16 per cent increase from the prior year, with net income of $5.28 billion. It has 325 million paying subscribers worldwide. In March, it raised prices again, pushing the Premium plan in the United […]

SpaceX has spent more than $15 billion developing its Starship megarocket and is pushing for a launch cadence that would make space access resemble an airline schedule rather than a government programme, Reuters reported on Friday, drawing on the company’s confidential pre-IPO prospectus. The figure quantifies, for the first time, the cumulative cost of the […]

In January 2026, a new AI-generated micro-drama went live on a Chinese streaming platform every 90 seconds. By March, approximately 50,000 AI-native titles had been added to Douyin in a single month. The production cost was roughly one-tenth of a live-action shoot. The usable rate of AI-generated footage had climbed above 90 per cent. And […]

Uber has acquired the main remaining alternative taxi-hailing app in the city. Acquired five months before Hong Kong’s new ride-hailing licences are expected to come into force, the move locks in Uber’s consolidated position before competitors Didi, Tada and Amap can use the licensing transition as an opening. Uber is acquiring Hong Kong’s Fly Taxi, […]

The firm’s new ‘AI productivity gains and the performance paradox’ report concludes that most current AI applications ‘accelerate existing work’ without redesigning workflows, a finding McKinsey is publishing while targeting 1:1 parity between its 40,000 human consultants and 40,000 AI agents by year-end. McKinsey’s strategy practice has published a new analysis arguing that the corporate […]