Business

Sony and Discord today announced that they're teaming up to bolster the social experience on PlayStation. This partnership between the two companies was announced after Sony made a minority investment in Discord during the company's most recent round of funding. Now that Sony is part owner in Discord, it sounds like we're about to see the two companies work together on building out PlayStation's social features.

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Ford and BMW are looking to solid-state batteries for future EVs with more range, lower costs, and more flexible designs, both pumping new investment into battery specialist Solid Power. The deal - which sees the automakers take part in a new $130 million investment round - will give the automakers an early taste of next-gen batteries going into pilot production in 2022.

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Last month, Facebook officially announced its previously rumored newsletter platform similar to competing services like Substack and Ghost. Getting writers to make the switch to a new platform may take some effort, however, and so Facebook is back with another announcement: a $5 million fund specifically for independent writers located in the United States.

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Amazon has announced its Q1 2021 financial results, and it turns out a lot of people did a lot of online shopping during the pandemic. Jeff Bezos' retail behemoth saw net sales surge 44-percent year on year, while net income rocketed to $8.1 billion for the three month period, more than three times the amount in Q1 2020. Looking ahead, Amazon is counting on Prime Day 2021 to help give it more of the same.

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LG may have quit the smartphone market but it is hardly the only phone maker with revenue problems in that area. HTC hasn't even launched that many phones last year and Sony, despite having more, continues to lose money over its mobile business. The latter, however, is no longer true after the company finally reported its first profits in the mobile business in years. That said, the reasons for the positive figures that surprised even Sony itself might not exactly be what you think.

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Apple has announced the financial results for its second fiscal quarter of the year, noting that it once again hit multiple new records, including a 54-percent revenue increase for the quarter ending in March. As anticipated, international sales accounted for the majority of the quarter's revenue at 67-percent.

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HBO and ads are two things that have never really been associated with one another, but that's set to change later this year. HBO and WarnerMedia parent company AT&T has indicated in the past that it will roll out an ad-supported version of HBO Max, and currently, AT&T is planning to launch that new subscription tier in June. Thanks to a new report today, we may now have an idea of how much it'll cost when it arrives.

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Sony's financial results for the 2020 fiscal year are in, and it seems that the PlayStation 5 is hitting some big milestones in terms of sales. Obviously, we'd expect Sony to report that the console is selling well since it's impossible to find available stock anywhere, but today, Sony revealed how many consoles it has sold despite the stock shortages. These financial results make it clear that the PlayStation 5 is off to a strong start.

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If you're an Amazon Prime customer who orders your groceries from Whole Foods or Amazon Fresh for delivery, there's a good chance you can now have them dropped off directly in your garage. The company has announced a big expansion of the service, one that is now available in more than 5,000 towns and cities across the United States.

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Huawei's fall from the world's top 5 smartphone vendors naturally didn't go unnoticed. Shoved out of networking infrastructure, especially 5G, in many countries, the company also found itself struggling in the smartphone market because of its inability to buy parts and components necessary to make those devices. Huawei isn't giving up, though, but does have another Plan B in place and, quite amusingly, it will reportedly be following Google's model in expanding its business to software, the cloud, and cars.

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Tesla has released its Q1 2021 financial report, boasting the first time in the company's history that its non-GAAP net income exceeded $1 billion. In addition to detailing its vehicle and revenue numbers, Tesla touched on a number of current efforts at the company, including its Full Self Driving (FSD) City Streets beta set to expand in the US.

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Lyft is selling its autonomous vehicle division to Toyota, with the Japanese automaker setting up a new subsidiary, Woven Planet Holdings, to pick up the reins of the self-driving car project. Lyft established Level 5, its driverless division, back in mid-2017, and at the time had no shortage of promises for what autonomy would bring to the ride-hailing service.

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