Technology
Perplexity launches AI-powered web browser for select subscribers
Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup's latest effort to compete in the consumer internet market against companies like Google and Microsoft.Comet will allow users to connect with enterprise...
Online sales reach $7.9 billion in first 24 hours of Prime Day
A worker sorts packages on Amazon Prime Day in New York, US, on Tuesday, July 8, 2025. Klaus Galiano | Bloomberg | Getty ImagesU.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon's Prime Day megasale, according to Adobe...
Altman, Iger and Cook arrive at ‘summer camp for billionaires’
Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.'s annual conference this week, an event that is often referred to as "summer camp for billionaires."Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and...
Linda Yaccarino steps down as CEO of Elon Musk’s X
Linda Yaccarino on Wednesday announced she is stepping down as CEO of Elon Musk's social media site X after two years in the role.Yaccarino's departure comes one day after Musk's artificial intelligence chatbot Grok repeatedly made antisemitic comments on Tuesday and...
Samsung launches Galaxy Z Fold 7, Flip 7 and Flip 7 FE foldable phones
The Galaxy Z Fold 7 is super thin, measuring just 8.9 millimeters when closed and 4.2 millimeters when unfolded.Ryan Browne | CNBCSamsung on Wednesday launched three new folding smartphones — including thinner top-end devices and a cheaper version of its flip phone...
Elon Musk’s Grok AI chatbot denies that it praised Hitler
A bust of Elon Musk that was recently vandalized is seen near the SpaceX projects in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | Afp | Getty ImagesGrok is pretending yesterday didn't happen.The artificial intelligence chatbot built by Elon Musk's xAI and...
Nvidia hits $4 trillion market cap, first company to do so
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.Sarah Meyssonnier | ReutersNvidia shares jumped more than 2% on Wednesday,...
BNY Mellon will have custody of Ripple’s new stablecoin
Jakub Porzycki | Nurphoto | Getty ImagesBank of New York Mellon will be the primary custodian for the Ripple's U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday.The partnership should enhance regulatory compliance for Ripple, the...
Jeff Bezos sells $666 million in Amazon stock as part of sale plan
Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of their expected wedding, in Venice, Italy, June 25, 2025.Guglielmo Mangiapane | ReutersAmazon founder Jeff Bezos sold nearly three million shares worth $665.8 million over two days in July, a regulatory...
Two charged in $650 million global crypto scam
A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.Kevin...
Apple says COO Jeff Williams will retire from company later this year
Jeff Williams, chief operating officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025.David Paul Morris | Bloomberg | Getty ImagesApple said on Tuesday that Chief...
Elon Musk’s Grok AI chatbot is posting antisemitic comments
The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty ImagesElon Musk's Grok chatbot on Tuesday praised Adolf Hitler and made other antisemitic comments.The...
Super Micro to ramp up investment in Europe to capitalize on AI demand
CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. Mike Segar | ReutersPARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region,...
Elon Musk lashes out at Dan Ives over Tesla board proposals: ‘Shut up’
FILE PHOTO: Elon Musk, chief executive officer of SpaceX and Tesla, attending the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | ReutersTesla CEO Elon Musk...
Waymo offers teen accounts for driverless rides
Waymo announced it is now offering teen accounts for its self-driving car service Waymo One, beginning in Phoenix, Arizona.Courtesy of WaymoWaymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix.The Alphabet-owned...
Robinhood CEO downplays OpenAI concerns on tokenized stock structure
Robinhood CEO Vlad Tenev says it's not "entirely relevant" that the trading platform's so-called tokenized shares of OpenAI and SpaceX aren't technically equity in the companies.It comes after OpenAI raised concerns about the product, which is designed to give users...
Musk’s X says Indian government ordered over 2,000 accounts blocked
Indian Prime Minister Narendra Modi arrives at the White House to meet with U.S. President Donald Trump on Feb. 13, 2025 in Washington, DC.Andrew Harnik | Getty Images News | Getty ImagesElon Musk's X said Tuesday that the Indian government ordered the company to...
Southeast Asia needn’t take sides in US-China tech rivalry: Experts
A woman holds a cell phone featuring the DeepSeek logo, with the Nvidia logo displayed in the background. Nurphoto | Nurphoto | Getty ImagesAs China and the U.S. compete in artificial intelligence, Southeast Asia should draw from the best of both countries while...
Waymo to begin testing in Philadelphia with drivers behind the wheel
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.Patrick T. Fallon | AFP | Getty ImagesWaymo said it will begin testing in Philadelphia, with a limited fleet of vehicles and...
Founders sign letter to Sequoia on Shaun Maguire’s Mamdani remarks
Almost 600 people have signed an open letter to leaders at venture firm Sequoia Capital after one of its partners, Shaun Maguire, posted what the group described as a "deliberate, inflammatory attack" against the Muslim Democratic mayoral candidate in New York City....
Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand
Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025.David Paul Morris | Bloomberg | Getty ImagesSouth Korea's Samsung Electronics on Tuesday forecast a 56% fall in profits for the second quarter as...
CoreWeave to acquire Core Scientific in $9 billion all-stock deal
CoreWeave CEO Michael Intrator, left, testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025.Chip Somodevilla | Getty ImagesArtificial intelligence-oriented cloud infrastructure company CoreWeave said Monday it will...
Jack Dorsey launches a WhatsApp messaging rival built on Bluetooth
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on "Social Media's Role in Promoting Extremism and Misinformation" in Washington, March 25, 2021.CNBCBlock CEO Jack...
Robinhood stock tokens face scrutiny in the EU after OpenAI warning
Avishek Das | SOPA Images | Lightrocket | Getty ImagesLithuania's central bank on Monday said it has contacted Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the product last week."We have contacted Robinhood and are...
Navarro rips Apple for not moving production out of China fast enough
White House trade advisor Peter Navarro chastised Apple CEO Tim Cook on Monday over the company's response to pressure from the Trump administration to make more of its products outside of China."Going back to the first Trump term, Tim Cook has continually asked for...
Apple appeals 500 million euro EU fine over App Store policies
Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025.Cheng Xin | Getty ImagesApple on Monday appealed what it called an "unprecedented" 500 million euro ($586 million) fine...
CoreWeave to acquire Core Scientific in $9 billion all-stock deal
CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesArtificial intelligence hyperscaler CoreWeave...
Tesla shares drop after Elon Musk plans a new political party
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC.Samuel Corum | Getty Images News | Getty ImagesTesla shares fell in premarket...
Nvidia challenger Groq expands with first European data center
Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty ImagesArtificial intelligence semiconductor startup Groq on Monday announced it has established its...
Inside a Utah desert facility preparing humans for life on Mars
Hidden among the majestic canyons of the Utah desert, about 7 miles from the nearest town, is a small research facility meant to prepare humans for life on Mars.The Mars Society, a nonprofit organization that runs the Mars Desert Research Station, or MDRS, invited...
The EthCC crypto scene at Cannes shows how far Ethereum has come
CANNES — Wall Street's new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May.The Ethereum Community Conference, or EthCC, took over the beachside...
Trump inaugural impersonators scammed donors out of crypto, feds say
Sopa Images | Lightrocket | Getty ImagesScammers impersonating the President Donald Trump and Vice President JD Vance Inaugural Committee fraudulently stole hundreds of thousands of dollars in cryptocurrency, according to a complaint filed by the U.S. on Wednesday.The...
OpenAI CEO Sam Altman celebrates capitalism in July 4 post
OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025.Tomohiro Ohsumi | Getty Images News | Getty ImagesOpenAI CEO Sam Altman posted on X Friday, saying he finds himself "politically homeless" as the...
Musk backs criticism of Trump’s megabill after it passed House
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla CEO Elon Musk, who bombarded President Donald Trump's signature spending bill for...
Apple’s ‘F1’ success doesn’t make up for AI stumbles
Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 23, 2022 Tim Cook waves the chequered flag to the race winner Red Bull's Max Verstappen Mike Segar | ReutersApple had two major launches last month. They couldn't have...
Microsoft layoffs hit 830 workers in home state of Washington
Microsoft CEO Satya Nadella speaks at the Axel Springer building in Berlin on Oct. 17, 2023. He received the annual Axel Springer Award.Ben Kriemann | Getty ImagesAmong the thousands of Microsoft employees who lost their jobs in the cutbacks announced this week were...
CoreWeave says it’s the first to get Nvidia’s Blackwell Ultra
Nvidia CEO Jensen Huang in Taipei, Taiwan, on June 2, 2024.Ann Wang | ReutersNvidia's Blackwell Ultra chips, the company's next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on...
IPO market boost from Circle 500% surge, VCs say drought may be ending
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company's IPO, in New York City, U.S., June 5,...
Tripadvisor stock surges as Starboard Value builds 9% stake
The Tripadvisor logo is displayed on a tablet.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesTripadvisor stock jumped 10% Thursday after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing.The...
China’s Baidu is beefing up its search product with AI to fight rivals
Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background.Future Publishing | Future Publishing | Getty ImagesChinese tech giant Baidu has bolstered its core search platform with artificial intelligence in the biggest...
Apple China iPhone sales grew for the first time in two years
People stand in front of an Apple store in Beijing, China, on April 9, 2025.Tingshu Wang | ReutersApple iPhone sales in China rose in the second quarter of the year for the first time in two years, Counterpoint Research said, as the tech giant looks to turnaround its...
OpenAI says Robinhood’s tokens aren’t equity in the company
Jaque Silva | Nurphoto | Getty ImagesOpenAI is distancing itself from Robinhood's latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe."These 'OpenAI tokens' are not OpenAI equity," OpenAI wrote on X....
Datadog stock jumps on inclusion in S&P 500 index
The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024.Chris Jung | Nurphoto | Getty ImagesDatadog shares were up 10% in extended trading on Wednesday after...
U.S. lifts chip software curbs on China in sign of trade truce
Close-up of an empty printed circuit board, PCB, in Verl, Germany.Ute Grabowsky | Photothek | Getty ImagesThe U.S. government has rescinded its export restrictions on chip-design software to China, three of the largest players in the space announced on Thursday. In...
AI voice startup ElevenLabs plots global expansion, eventual IPO
Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.Sopa Images | Lightrocket | Getty ImagesLONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices...
Amazon to shut down Freevee streaming TV service in August
Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesAmazon is discontinuing its standalone free streaming TV service next month as it looks to consolidate its content offerings under Prime...
Ether and related stocks gain amid the latest crypto craze: Tokenization
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023.Dado Ruvic | ReutersStocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto...
Robinhood stock tops $100, ripping 30% since S&P 500 snub
CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P...
Elon Musk’s X is down for some users
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesElon Musk's social media platform X was hit with an outage on Wednesday,...
Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024.Adek Berry | AFP | Getty ImagesMicrosoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across...
Tesla (TSLA) Q2 vehicle deliveries report
Tesla Model Y electric vehicles are collected from the Tesla Gigafactory Berlin-Brandenburg by a car transporter.Patrick Pleul | Picture Alliance | Getty ImagesTesla reported over 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the...
AI virtual personality YouTubers, or ‘VTubers,’ are earning millions
One of the most popular gaming YouTubers is named Bloo, and has bright blue wavy hair and dark blue eyes. But he isn't a human — he's a fully virtual personality powered by artificial intelligence."I'm here to keep my millions of viewers worldwide entertained and...
thinner foldable with bigger battery
Honor launched the Honor Magic V5 on Wednesday July 2, as it looks to challenge Samsung in the foldable space.HonorHonor on Wednesday touted the slimness and battery capacity of its newly launched thin foldable phone, as it lays down a fresh challenge to market leader...
Amazon deploys its 1 millionth robot in a sign of more job automation
An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024.Picture Alliance | Picture Alliance | Getty ImagesAmazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched...
Zymochem tries to make diapers less hazardous to the environment
Disposable diapers are a massive environmental offender. Roughly 300,000 of them are sent to landfills or incinerated every minute, according to the World Economic Forum, and they take hundreds of years to decompose. It's a $60 billion business.One alternative...
Jeff Bezos sells $737 million worth of Amazon shares
Amazon founder Jeff Bezos leaves Aman Venice hotel, on the second day of the wedding festivities of Bezos and journalist Lauren Sanchez, in Venice, Italy, June 27, 2025. Yara Nardi | ReutersAmazon founder Jeff Bezos unloaded more than 3.3 million shares of his company...
Google promotes ‘AI Mode’ on home page ‘Doodle’
Google CEO Sundar Pichai addresses the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | AFP | Getty ImagesThe Google Doodle is Alphabet's most valuable piece of real estate, and on Tuesday, the...
Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa's president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo |...
Chipmakers get bigger tax credits in Trump’s latest big beautiful bill
William_potter | Istock | Getty ImagesThe latest version of U.S. President Donald Trump's "big beautiful bill" could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply...
Figma (FIG) files for IPO as tech debuts gain steam
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesDesign software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock...
Apple sues former employee for stealing Vision Pro trade secrets
A customer tries on the Apple Vision Pro headset during the product launch at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty ImagesApple has accused a former engineer for its Vision Pro headset computer of stealing company trade...
Bay Area commuters get free rides Tuesday due to Clipper Card outage
Bay Area Rapid Transit (BART) passengers walk off a train at the Richmond station on March 15, 2023 in Richmond, California.Justin Sullivan | Getty ImagesCommuters in and around San Francisco rode into work for free on Tuesday morning due to an outage in the Clipper...
AeroVironment drops 7% on debt pay off plan
An image of a Quantix drone made by AeroVironment.David Mcnew | Getty Images News | Getty ImagesAeroVironment shares fell 7% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in...
Public companies bought more bitcoin than ETFs did for the third quarter in a row
Ozan Kose | Afp | Getty ImagesCorporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment.Public companies acquired about...
Cloudflare to block AI firms from scraping content without consent
Jaque Silva | Nurphoto | Getty ImagesInternet firm Cloudflare will start blocking artificial intelligence crawlers from accessing content without website owners' permission or compensation by default, in a move that could significantly impact AI developers' ability to...
Stablecoin issuer Circle applies for a national bank charter
Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | ReutersStablecoin issuer Circle Internet Group has applied for a national trust bank charter, moving...
Elon Musk’s xAI raises $10 billion in debt and equity
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe.Jaap Arriens | Nurphoto | Getty ImagesXAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan...
Huawei open-sources more AI models, grows into Chinese AI juggernaut
In recent years, the company has transformed from a competent private sector telecommunications firm into a "muscular technology juggernaut straddling the entire AI hardware and software stack," said Paul Triolo, partner and senior vice president for China at advisory...
Amazon CEO says AI will mean ‘fewer people’ do jobs that get automated
Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle."Like with every technical transformation, there will be fewer people doing some...
As nations build ‘sovereign AI,’ open-source models and cloud computing can help, experts say
Digital illustration of a glowing world map with "AI" text across multiple continents, representing the global presence and integration of artificial intelligence. Fotograzia | Moment | Getty ImagesAs artificial intelligence becomes more democratized, it is important...
Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024.Bloomberg | Bloomberg | Getty ImagesMeta shares hit a record high on Monday, underscoring investor interest in the company's new AI...
Joby Aviation stock pops 14% after delivering first flying taxi to UAE
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | ReutersJoby Aviation stock soared about 14% as the flying air taxi maker got closer to launching a service in the...
Robinhood gives out tokens of OpenAI and SpaceX. Stock hits record
CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.It is the company's first move to make private equity accessible via blockchain.The...
Oracle stock jumps after $30 billion annual cloud deal
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty ImagesOracle shares jumped more than 5% to an all-time high after a recent filing showed a cloud deal that would add more than $30 billion annually.CEO...
Robinhood grows its global crypto footprint with U.S. stock tokens
CANNES — Fifteen years after flipping burgers at a McDonald's and teaching himself to code at night in a cramped apartment near the French Riviera, Robinhood crypto chief Johann Kerbrat is back. The last time he lived around Cannes, he was 21 — with no connections, no...
Google makes foray into fusion with MIT Commonwealth Fusion Systems
Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant's first commercial commitment to fusion.The company unveiled plans to buy 200...
Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum
Tom LeeAdam Jeffery | CNBC Fundstrat's Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether.Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been...
Trump says he has group of ‘very wealthy people’ ready to buy TikTok
U.S. President Donald Trump announced on April 4 that he would again postpone enforcement of a law banning TikTok unless its Chinese owner ByteDance divests from the platform. Vcg | Visual China Group | Getty ImagesU.S. President Donald Trump told Fox News in an...
Nvidia insiders $1 billion stock sales
NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025.Mustafa...
Tesla’s IPO was 15 years ago. The stock is up 300-fold since then
CEO of Tesla Motors Elon Musk waves after ringing the opening bell at the NASDAQ market in celebration of his company's initial public offering in New York June 29, 2010.Brendan McDermid | ReutersAt the time of Tesla's IPO 15 years ago, the company had generated...
Tesla first driverless delivery new car to customer
A Tesla logo outside the company's Tilburg Factory and Delivery Center.Karol Serewis | Getty ImagesTesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company's Austin, Texas,...
Can Eutelsat become Europe’s alternative to Starlink?
France views Eutelsat as a strategic asset in the EU's push for technological sovereignty.Benoit Tessier | AFP via Getty ImagesFor years, France's Eutelsat has been trying to build a European alternative to Elon Musk's Starlink satellite broadband service.The company...
Why banks and payment firms are flooding in
A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own.Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping...
At 20 years old, Reddit is defending its data and fighting AI with AI
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty...
Ric Edelman wants 10%-40% of portfolio in crypto
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation.In his "The Truth about Crypto" book in 2021, Edelman said as low as a 1% allocation was...
Coinbase is best-performing stock in S&P 500 in June, may move higher
People watch as the logo for Coinbase, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York on April 14, 2021.Shannon Stapleton | ReutersCoinbase is the top performer in the S&P 500 in June, boosted...
Nvidia heads for 5-day win streak as it hits record highs
Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | ReutersNvidia stock rose for a fifth consecutive day Friday as...
Quantum computing having a moment. But the technology is futuristic
Microsoft's Majorana 1 quantum computing chipMicrosoftIt doesn't quite have the buzz of artificial intelligence, but quantum computing is having a moment of its own.Some of the most powerful institutions in the world, including Google, Microsoft, Amazon, IBM and the...
Germany tells Apple, Google to block DeepSeek AI app
In this photo illustration, the DeepSeek logo is seen displayed on a smartphone screen and in the background, the flag of the European Union. Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesOne of Germany's data protection watchdogs on Friday said DeepSeek's...
Core Scientific shares surge on report of buyout talks with CoreWeave
Piotr Swiat | Lightrocket | Getty ImagesCore Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider.The...
What’s driving Wall Street’s stablecoin interest? Trillions
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis during trading on Thursday and ending the day up close to 8%, after having moved up by more than 600%...
SpaceX crane collapse in Texas being investigated by OSHA
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty ImagesA SpaceX crane collapse at the company's Starbase, Texas facility on Tuesday has prompted an investigation by...
SoftBank CEO says he wanted to be OpenAI early investor
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty ImagesSoftBank is "all in" on OpenAI, CEO Masayoshi Son said on...
Apple reveals new App Store fees to avoid EU fine of 500 million euro
Omar Marques | Sopa Images | Lightrocket | Getty ImagesApple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets...
Microsoft says goodbye to the Windows blue screen of death
Digital boards are seen due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, it was observed that some digital billboards in Times Square in New York City, United States, displayed a...
Tesla head of manufacturing Omead Afshar fired by Elon Musk
Elon Musk, chief executive officer of Tesla Inc., center left, Ying Yong, mayor of Shanghai, center right, and Omead Afshar, left, leave an event at the site of the company's manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019.Qilai Shen | Bloomberg |...
Circle resumes its post-IPO rally after pullback, stablecoin issuer boosts Coinbase
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company's IPO, in New York City, U.S., June 5,...
AI is doing 30%-50% of the work at Salesforce, CEO Marc Benioff says
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce is accelerating its use of artificial intelligence in automating workloads, according...
Trump administration moves to count crypto as a federal mortgage asset
In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments.The move, signed by...
Micron (MU) Q3 2025 earnings report
Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024.Andrew Caballero-Reynolds | AFP | Getty...
Meta wins AI copyright case, judge welcomes other to bring lawsuits
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta on Wednesday prevailed against a group of 13 authors in a major copyright...
Trump phone website removes ‘made in the USA’ tag for the device
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington,...
Southeast Asian small businesses using AI to stay competitive
ASEAN member nations' flags outside the Pullman Hotel, the venue for the ASEAN Foreign Ministers' retreat meeting in Luang Prabang, Laos, in January 2024.Tang Chhin Sothytang Chhin Sothy | Afp | Getty ImagesThe U.S. and China are usually top of mind when it comes to...
Asana picks Dan Rogers to replace CEO Dustin Moskovitz
Lisbon , Portugal - 12 November 2024; Dan Rogers, CEO, LaunchDarkly, on SaaS Summit stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty ImagesCollaboration software maker Asana said Wednesday it has chosen...
Experts sound alarm on infostealer malware after login details exposed
"Someone, somewhere is having data exfiltrated from their machines as we speak," says Volodymyr Diachenko, co-founder of the cybersecurity consultancy SecurityDiscovery.Sarayut Thaneerat | Moment | Getty ImagesCybercriminals have intensified their efforts to steal and...
OpenAI flags Beijing-backed Zhipu AI as a top rival
The Zhipu AI logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesOpenAI is putting a spotlight on an under-the-radar artificial intelligence startup that it believes is on the "front line" of China's race to lead the world in AI —...
Bitcoin rises, NYSE battles for Trump ETF, crypto mortgage may be next
The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record.But the trading in cryptocurrencies was uneven, with ether...
Nvidia CEO says robotics is chipmaker’s biggest opportunity after AI
Jensen Huang, CEO of Nvidia, is seen on stage next to a small robot during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.Gonzalo Fuentes | ReutersNvidia CEO Jensen Huang...
Blockchain investing startup Republic to allow users to buy ‘tokenized’ SpaceX shares
Artistgndphotography | E+ | Getty ImagesRepublic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a "tokenized" representation of its shares.The company will begin selling the digital tokens this week and eventually plans to expand...
Amazon’s Ring launches AI-generated security alerts
Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty ImagesAmazon's Ring video doorbell division is rolling out AI-generated notifications alerting users to unusual or suspicious activity...
Drone maker AeroVironment shares pop 20% on earnings beat
An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022.Luke Sharrett | Bloomberg | Getty ImagesAeroVironment stock rocketed more than 20% higher...
Bumble jumps 15% as dating company plans to axe 30% of workforce
DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox...
Bitcoin price rises on Israel-Iran ceasefire, Senate major crypto bill
Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel.By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $2.19. The risk-on action in the...
Ambarella shares soar 17% on report chip designer is exploring sale
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAmbarella shares popped 17% after a report that the chip designer is currently working with bankers on a potential sale.Bloomberg reported the news, citing sources familiar with the matter.While no deal is...
Nvidia CEO Huang sells $15 million in stock for his $873 million plan
Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Sarah Meyssonnier | ReutersNvidia CEO Jensen Huang sold 100,000...
Judge rules Anthropic’s training of AI with books is fair use
Dario Amodei, Anthropic CEO, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCAnthropic's use of books to train its artificial intelligence model Claude was "fair use" and "transformative," a...
Amazon bringing faster delivery to thousands of small towns and cities
A worker unloads boxes from an Amazon delivery van in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon is expanding its rapid delivery machine to more rural corners of the U.S.The company said Tuesday it plans to bring same- or...
Uber, Waymo robotaxi service opens to passengers in Atlanta
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin.Uber Technologies Inc.Uber and Alphabet's Waymo are now offering robotaxi rides to the public in Atlanta, as the companies continue expansion of their partnership. The Waymo robotaxis available...
Meta absent from SF Pride in 2025 as tech retreats from LGBTQ+
Parade goers hold Pride flags during the annual Pride Parade in San Francisco on Sunday, June 29, 2024. Minh Connors | San Francisco Chronicle | Hearst Newspapers | Getty ImagesMeta CEO Mark Zuckerberg is staying mum these days when it comes to the LGBTQ+ community....
Google could face changes to search in the UK amid CMA crackdown
Google could face changes to its online search services in the U.K. after regulators raised concerns over the tech giant's dominance.The Competition and Markets Authority on Tuesday said it is consulting on a proposal to give Google "strategic market status," a...
Crypto rules of the road framework unveiled by Republican senators
Sen. Tim Scott (R-SC) speaks on stage on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Chip Somodevilla | Getty ImagesTwo Republican senators are planning to debut a framework on Tuesday for a major...
Goldman Sachs and Citadel invest in crypto firm Digital Asset
Crypto company Digital Asset said Tuesday that it's netted $135 million in funding from a raft of major names in banking and finance.The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb,...
Amazon to invest £40 billion in the UK over next three years
An Amazon warehouse in Warrington, England.Nathan Stirk | Getty ImagesLONDON — Amazon will invest £40 billion ($54 billion) in the U.K. over the next three years, the e-commerce titan announced Tuesday.The company said it plans to spend the money on building four new...
Meta approached AI startup Runway about a takeover bid
Mustafa Hatipoglu | Anadolu | Getty ImagesMeta spoke with artificial intelligence startup Runway about a potential takeover ahead of its multibillion-dollar investment in Scale AI, CNBC confirmed Monday.Runway is best known for its AI video-generation tools and earned...
Tesla robotaxi incidents caught on camera in Austin get NHTSA concern
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, on June 22, 2025Joel Angel Juarez | ReutersTesla was contacted by the National Highway Traffic Safety Administration on Monday after videos posted on social media showed the company's...
Myanmar plays a critical role
Illustration of the national flag of the People's Republic of China and a mining site. Craig Hastings | Moment | Getty ImagesBeijing has been stepping up controls on rare earth exports, triggering global shortages and exposing industries' dependence on Chinese supply...
Super Micro shares fall on $2 billion convertible debt offering
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in...
U.S. House tells staffers not to use Meta’s WhatsApp
A woman walks past a logo of WhatsApp, during a Meta event in Mumbai, India, 20 September, 2023. Niharika Kulkarni | Nurphoto | Getty ImagesMeta is pushing back against a ban on WhatsApp from government devices.The Chief Administrative Officer (CAO) of the U.S. House...
Fiserv debuts bank-friendly stablecoin
Jakub Porzycki | Nurphoto | Getty ImagesFiserv is making a big entrance into the stablecoin market. The payments and fintech giant announced on Monday plans to roll out a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called...
Amazon deploys more Kuiper satellites, taking on Elon Musk’s Starlink
An Atlas V rocket of United Launch Alliance (ULA) lifts off from Space Launch Complex 41 at the Kennedy Space Center in Cape Canaveral, Florida on June 23, 2025. Gregg Newton | Afp | Getty ImagesAmazon's second batch of Kuiper internet satellites reached low Earth...
Tesla stock rises after robotaxi Austin launch
A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. TTim Goessman | Bloomberg | Getty ImagesTesla's driverless robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up about 5% on Monday.The EV...
Trump Media approves $400 million stock buyback
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | ReutersTrump Media & Technology Group, the parent company of Truth Social, Truth+, and the...
Pompliano’s ProCap raises over $750 million, goes public via SPAC
The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special acquisition company, or SPAC, with Columbus Circle...
Prosus bets on India to produce a $100 billion company, CEO says
Fabricio Bloisi, chief executive officer of Prosus NV, during an interview in London, UK, on Monday, Oct. 21, 2024. Bloisi took the reins of South Africa's Naspers Ltd. and its investment arm Prosus NV in July with a plan to double the value of the 110-year-old group...
Bitcoin Iran attack crypto market sell-off
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets.Bitcoin dropped below the $99,000 mark on Sunday — its lowest level in more than a month —...
How broken Amazon returns are driving sellers to leave the platform
Returns on Amazon are free and easy for shoppers, but they're risky and expensive for the small businesses that sell a majority of the goods on the world's biggest e-commerce site. Returns have driven some sellers to exit the popular Fulfillment by Amazon program,...
Meta approached Perplexity before massive Scale AI deal
Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14.3 billion into Scale AI, CNBC confirmed on Friday.The two companies did not finalize a deal, and Perplexity ultimately walked away from the...
Why ether ETF inflows have come roaring back from the dead
Omar Marques | Lightrocket | Getty ImagesEther ETFs have finally come to life this year after some started to fear they may be becoming zombie funds.Collectively, the funds tracking the price of spot ether are on pace for their sixth consecutive week of inflows and...
U.S. may stop global chipmakers’ access to American tech in China
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty...
Tesla agrees to build China’s largest grid-scale battery power plant
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in...
Everything we know about Tesla’s robotaxi launch in Austin
Tesla's long-overdue robotaxi is finally hitting the streets this weekend, but the rollout may face some roadblocks.The Elon Musk-led electric vehicle company is expected to roll out robotaxis in Austin, Texas, on June 22, with the first driverless trip from the...
Coinbase secures EU crypto license, swaps Ireland for Luxembourg
Lionel Bonaventure | Afp | Getty ImagesCoinbase has secured a license from Luxembourg to offer crypto services across the European Union and will make the country its central hub in the region.The U.S. crypto exchange's main European base has been in Ireland since...
Meta, EssilorLuxottica unveil Oakley smart glasses
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta and EssilorLuxottica on Friday unveiled a new...
Circle shares extend their rally after Senate passes landmark stablecoin bill
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSEShares of Circle continued to climb on Friday as investors cheered the Senate approval of its proposed stablecoin legislation, the GENIUS Act.The...
Meta tried to buy Safe Superintelligence, hired CEO Daniel Gross
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment in the artificial intelligence startup, he was apparently just getting started.Zuckerberg's multibillion-dollar AI hiring spree has now turned to...
Google is using YouTube videos to train its Gemini, Veo 3 AI models
Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo.Dado Ruvic | ReutersGoogle is using its expansive library of YouTube videos to train its artificial intelligence models, including Gemini and the Veo 3 video and...
Samsung aims to catch up Chinese rivals for thin foldable phones
Samsung launched the Galaxy Z Fold6 at its Galaxy Unpacked event in Paris. The tech giant said the foldable device is thinner and lighter than its predecessor.Arjun Kharpal | CNBCSamsung will unveil a thinner version of its flagship foldable smartphone at a launch...
Google looks likely to lose appeal against record $4.7 billion EU fine
Google suffered a setback Thursday after an advisor to the European Union's top court recommended it dismiss the tech giant's appeal against a record 4.1-billion-euro ($4.7 billion) antitrust fine.Juliane Kokott, advocate general at the European Court of Justice,...
SpaceX’s Starship explodes during routine test in Texas
A SpaceX Starship is seen in Boca Chica, Texas in 2023.Patrick T. Fallon | Afp | Getty ImagesA SpaceX Starship rocket on Wednesday exploded at the Starbase facility in Texas during routine testing ahead of a launch flight, according to local authorities and live...
DOJ seizes record $225 million in crypto tied to scams
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called "pig butchering" scams that have cost victims billions globally.Federal prosecutors filed a civil forfeiture action targeting more than $225 million in...
Apple looking to make folding iPhone starting next year, analyst says
People look at iPhones at the Apple Fifth Avenue store in New York City, U.S., May 23, 2025. Adam Gray | ReutersApple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.Kuo said that Apple's folding phone could have...
Scale AI not ‘winding down’ following Meta deal, interim CEO says
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | ReutersScale AI's Interim CEO Jason Droege said in a memo on Wednesday that the artificial intelligence startup is not changing course...
OpenAI is winding down its work with Scale AI, founder is joining Meta
Open AI CEO Sam Altman speaks at the annual Snowflake Summit in San Francisco, California on June 02, 2025. Justin Sullivan | Getty Images News | Getty ImagesOpenAI is winding down its work with Scale AI, the artificial intelligence startup that received a...
Shares of Coinbase, Circle surge after stablecoin bill passes Senate
Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company's IPO in New York City, U.S., June 5, 2025. NYSEShares of...
Waymo cars are coming to New York with a driver behind the wheel
Waymo driverless vehicles wait at a traffic light in Santa Monica, California, U.S., May 30, 2025. Daniel Cole | ReutersResidents of New York City will soon start seeing Waymo cars cruising the avenues. But at least for now, a human will be in the driver's...
Amazon’s Zoox boosts robotaxi production ahead of Las Vegas launch
Amazon's Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California.ZooxAmazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more...
Pro-Israel hackers destroy $90 million in Iran crypto, firm says
Representations of cryptocurrency Binance are seen in front of displayed Nobitex logo and Iran flag in this illustration taken November 3, 2022. Dado Ruvic | ReutersIran's largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday,...
Oura, Maven Clinic team up to bring biometric data into clinical care
Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024.Danielle DeVries | CNBCWomen's and family health platform Maven Clinic is partnering with smart ring maker Oura, a step forward in the integration of the increasing...
Klarna CEO outlines plan to become super app with AI
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna's CEO is so bullish about artificial intelligence that he sees it changing the way the fintech's 100 million users...
Meta smart glasses with Oakley and Prada, extending Luxottica deal
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | ReutersMeta and EssilorLuxottica plan to release versions of...
Canva moves into analytics with acquisition of MagicBrief
From left, Cliff Obrecht, Canva's co-founder and chief operating officer, and George Howes, co-founder and CEO of MagicBrief, pose for a photo at the Cannes Lions festival in Cannes, France, in June 2025.CanvaCanva has grown into a $32 billion startup through its...
Trump to extend TikTok deadline for third time, another 90 days
Muhammed Selim Korkutata | Anadolu | Getty ImagesFor a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China's ByteDance to divest TikTok's U.S. business. "President Trump will sign an additional...
AWS’ custom chip strategy is cutting into Nvidia’s AI dominance
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabits per second of network bandwidth, what the company calls the highest offering in the public cloud.Ali Saidi, a distinguished engineer at AWS, likened the speed to a...
Senate passes landmark GENIUS Act stablecoin bill
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesThe Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for...
OpenAI’s Altman says Meta tried to poach staff with $100 million bonuses
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesMeta Platforms tried to poach OpenAI employees by offering signing bonuses as high as $100 million, with even larger annual...
Nintendo Switch 2 powered a $39 billion stock rally this year
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget...
JPMorgan moves further into crypto with stablecoin-like token JPMD
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks to the Economic Club of New York in Manhattan, New York City, on April 23, 2024.Mike Segar | ReutersJPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like...
Ramp valued at $16 billion in Peter Thiel Founders Fund-led deal
Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm. The $200 million round is the fifth that Founders' has led for...
AI will shrink Amazon’s workforce in the coming years, CEO Jassy says
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty ImagesAmazon CEO Andy Jassy said Tuesday that the company's...
Tesla stock falls after report EV maker is halting production in Texas
A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty ImagesTesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a...
Reddit stock jumps after company rolls out new AI advertising tools
Thomas Fuller | Lightrocket | Getty ImagesReddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools.The two new features, announced Monday in a post during the Cannes Lions festival, will help brands...
Spotify’s Daniel Ek leads investment in defense startup Helsing
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesEuropean defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a...
Sword Health raises $40 million, expands into mental health with AI
Sword Health, a startup focused on helping people deal with pain through digital services, is expanding into mental health and has raised additional capital to fuel its growth.The 10-year-old company is introducing Mind, which uses a combination of artificial...
Trump T1 mobile phone will likely be made in China: Experts
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington,...
Tencent bets WeChat and gaming will help it win Europe cloud business
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent has spent years evolving into a gaming and social media giant in China and in the process,...
OpenAI wins $200 million U.S. defense contract
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.The...
Amazon extends Prime Day to four days, starting July 8
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.Spencer Platt | Getty ImagesAmazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year.The 96-hour event will...
SK Hynix rises to over 2-decade highs as parent group plans data center
Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesShares in South Korean chipmaker SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK...
Justin Sun’s Tron goes public, reverse merger led by Trump-linked bank
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.Calvin Sit | Bloomberg | Getty ImagesJustin Sun's crypto company Tron is set to hit the public market through a reverse merger with a manufacturer of custom toys and...
AMD shares rise 10% after analysts say they expect a ‘snapback’
AMD CEO Lisa Su unveils the AMD vision for Advancing Al.Courtesy: AMDShares of Advanced Micro Devices rose nearly 10% on Monday after analysts at Piper Sandler lifted their price target on the stock on optimism about the chipmaker's latest product announcement.The...
Amazon Kuiper satellite launch delayed by ULA due to rocket issue
A United Launch Alliance Atlas V rocket is shown on its launch pad carrying Amazon's Project Kuiper internet network satellites as the vehicle is prepared for launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 28, 2025. Steve...
Google issues apology, incident report for hours-long cloud outage
Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle apologized for a major outage that the company said was caused by multiple layers of flawed recent updates.The company...
Meta is finally bringing ads to WhatsApp
It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.Meta announced Monday that businesses will now be able to run so-called status ads on...
Taiwan blacklists China’s Huawei and SMIC, aligning more with U.S. policy
The U.S. has placed major chip export restrictions on Huawei and Chinese firms over the past few years. This has cut off companies' access to critical semiconductors.Jaap Arriens | Nurphoto | Getty ImagesTaiwan has added China's Huawei and SMIC to its trade blacklist...
Google, Scale AI’s largest customer, plans split after Meta deal
Alexandr Wang, CEO of Scale AI, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23rd, 2025.CNBCAlphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a...
How AI is disrupting the advertising industry
An AI assistant on display at Mobile World Congress 2024 in Barcelona.Angel Garcia | Bloomberg | Getty ImagesArtificial intelligence is shaking up the advertising business and "unnerving" investors, one industry leader told CNBC."I think this AI disruption ......
Oracle’s stock closes out best week since 2001 on cloud momentum
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty ImagesOracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company's prospects...
Anne Wojcicki to buy back 23andMe and its data for $305 million
23andMe founder Anne Wojcicki speaks during a House Committee on Oversight and Government Reform hearing in Washington, D.C., on June 10, 2025.Andrew Harnik | Getty ImagesAnne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled...
Tesla faces protests in Austin over Musk’s robotaxi plans
Blythe Christopher attends a demonstration to protest Tesla robotaxis on June 12, 2025 in Austin, Texas.Todd WisemanWith Elon Musk looking to June 22 as his tentative start date for Tesla's pilot robotaxi service in Austin, Texas, protesters are voicing their...
What I learned following Jensen Huang around Europe
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France's president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty ImagesNvidia boss Jensen Huang has been...
Here’s how to turn off public posting on the Meta AI app
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesAI generative images of women kissing while mud wrestling and President Donald Trump eating poop are some of...
Amazon reorganizes its health-care business after executive departures
A One Medical clinic location is pictured in Emeryville, California on February 16, 2024. Loren Elliott | The Washington Post | Getty ImagesFor the better part of a decade, Amazon has been trying to carve it's way into the U.S. health-care market, through billions of...
Archer Aviation drops 15% on $850 million share sale
Archer Aviation co-founders Brett Adcock (L) and Adam Goldstein (R) unveil the Archer Maker on June 10, 2021 in Hawthorne, California.Patrick T. Fallon | AFP | Getty ImagesArcher Aviation's stock dropped as much as 15% on Friday after the air taxi maker said it sold...
Coinbase beefs up subscription plan by offering American Express card
Coinbase on Thursday introduced its first branded credit card in partnership with American Express.The card will be available exclusively to U.S. members of Coinbase One, the cryptocurrency platform's monthly subscription product that offers zero trading fees,...
Scale AI promotes strategy chief Droege to CEO as Wang heads for Meta
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019.Mike Blake | ReutersScale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as...
Scale AI founder Wang announces exit for Meta part of $14 billion deal
Alexandr Wang, CEO of ScaleAI speaks on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCScale AI founder Alexandr Wang told employees in a memo on Thursday that he's leaving for Meta, confirming reports from...
Google suffers cloud outage, disruptions for many internet services
A visitor walks past a Google Cloud sign at the booth of Google during the Hanover technology Fair (Hannover Messe) on April 22, 2024 in Hanover, northern Germany, with Norway as partner country.Ronny Hartmann | AFP | Getty ImagesGoogle's cloud suffered significant...
AMD reveals next-generation AI chips with OpenAI CEO Sam Altman
Lisa Su, CEO of Advanced Micro Devices, testifies during the Senate Commerce, Science and Transportation Committee hearing titled "Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation," in Hart building on Thursday, May 8, 2025. Tom...
Chime opens at $43 in Nasdaq debut after pricing IPO above range
CEO of Chime, Chris Britt, center right, rings the opening bell during the company's initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Andres Kudacki | Getty ImagesChime opened at $43 in its Nasdaq debut on Thursday after selling...
Oracle shares pop 15% to record high on earnings beat, cloud optimism
Larry Ellison, Oracle's co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan....
Americans pay trillions in rent, but few get credit score boost for it
An estimated $1.4 trillion is paid to landlords of residential properties every year in America, but only 20% of those landlords choose to report the rent paid. That has big implications for the credit scores and credit histories of millions of Americans.Reporting...
Chime IPO to test public market appetite for fintech as companies exit
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesThere's a mini-boom happening in fintech.After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related...
Small retailers ‘vacation from hell’ seek clarity on Trump tariffs
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesWhen Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the...
Shaq to pay $1.8 million to settle FTX investor lawsuit
Shaquille O'Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025.Jesse D. Garrabrant | National Basketball...
Why uranium mining is having a resurgence in the United States
From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. "A lot of this was because it was a government...
Chime prices IPO at $27 per share, valuing fintech at $11.6 billion
Chime Visa Credit CardSource: ChimeChime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billionThe company raised roughly $700 million in the IPO, with another $165...
Elon Musk’s favorability among Republicans dropped 16 points: Quinnipiac
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesElon Musk's official role in the Trump administration recently came to an end. Many...
Gecko Robotics raises $125 million surpassing billion-dollar valuation
Jake Loosararian, co-founder and CEO of Gecko Robotics.Source: Gecko RoboticsGecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company's valuation to $1.25 billion.The new round of funding means...
This is the decade of robotics and autonomous vehicles
Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Sarah Meyssonnier | ReutersAutonomous vehicles and robotics are...
Meta files lawsuit against developer of CrushAI ‘nudify’ app
Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty ImagesMeta is suing a company that ran ads on its services to promote an app that lets people create non-consensual,...
Databricks says annualized revenue to reach $3.7 billion by next month
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Data and AI Summit in San Francisco on June 11, 2025.Jordan Novet | CNBCDatabricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue...
Oracle (ORCL) Q4 earnings report 2025
From left, former Fox Corp. Executive Chairman Rupert Murdoch and Larry Ellison, Oracle's co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb....
If U.S. won’t participate in China, Huawei has China covered
If the U.S. continues to impose AI semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world's second-largest economy, Nvidia CEO Jensen Huang told CNBC Thursday."Our technology is a generation ahead of theirs," Huang...
China’s racing to beat U.S. chip curbs. How its supply chain stacks up
Chip engineer handling a wafer.Sinology | Moment | Getty ImagesWith the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic alternatives such as Huawei. The task has been made...
France’s Macron says he wants country to make cutting edge chips
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France's president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty ImagesFrench President Emmanuel Macron...
Google taps DeepMind’s Kavukcuoglu for new Chief AI Architect role
VCV | Visual China Group | Getty ImagesGoogle on Wednesday added a Chief AI Architect to its leadership ranks as the company continues to prioritize artificial intelligence and add the technology to more of its products.The company tapped Koray Kavukcuoglu, Google...
Disney and Universal sue Midjourney for AI copyright infringement
The Walt Disney logo is displayed on screen during the Walt Disney Studios presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Valerie Macon | AFP | Getty ImagesDisney and Universal joined forces in a lawsuit...
Tesla stock climbs as Musk sets robotaxi date, Trump tensions cool
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | ReutersTesla rallied for...
Meta launches AI ‘world model’ to advance robotics, self-driving cars
Mark Zuckerberg, CEO of Meta Platforms. Artificial intelligence has been an integral focus for the tech giant's leader amid competition from players like OpenAI, Microsoft and Google.David Paul Morris | Bloomberg | Getty ImagesMeta on Wednesday announced it's rolling...
Amazon Kuiper second satellite launch delayed by ULA due to weather
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on...
AI giant makes big play for Europe with deals
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty ImagesNvidia on Wednesday announced a slew of partnerships with European...
DeepL deploys new Nvidia chips to translate whole internet in 18 days
DeepL CEO Jaroslaw "Jarek" Kutylowski.DeepLDeepL on Wednesday said it was deploying one of the latest Nvidia systems that would allow the German startup to translate the whole internet in just 18 days.This is sharply down from 194 days previously., DeepL is a startup...
Google offers buyouts to employees in its Search and ads unit
Sundar Pichai, CEO of Google, speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday offered buyouts to employees across several of its divisions, including those within its knowledge and information and...
Nvidia CEO says quantum computing is reaching an ‘inflection point’
Jensen Huang, CEO of Nvidia talks about quantum computing on stage at Nvidia GTC Paris on Wednesday 11 June, 2025.Arjun Kharpal | CNBCNvidia CEO Jensen Huang is growing more bullish about quantum computing — and he expects they'll start solving real-world problems in...
Anduril’s Palmer Luckey says the company will ‘definitely’ go public
Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday."We are definitely going to be a publicly traded company," he told CNBC's "Closing Bell: Overtime." "We are running this company to be the shape of a publicly traded...
Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesIn the three trading days since Elon Musk's war of words with President Donald Trump last...
Zuckerberg makes Meta’s biggest bet on AI, $14 billion Scale AI deal
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025.Kenny Holston | Via ReutersMark Zuckerberg is so...
Elon Musk says Tesla robotaxi rides in Austin will ‘tentatively’ begin June 22
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersTesla CEO Elon Musk said on Tuesday that his company's robotaxi service is "tentatively" set...
Nintendo sees record 3.5 million sales of its Switch 2 console
Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console's midnight release. David Dee Delgado | AFP | Getty ImagesNintendo sold more than 3.5 million units of its...
Wall Street analyst now AI CEO on why stock pickers won’t go extinct
Wall Street isn't immune from the plot line that has generative AI resulting in wholesale knowledge worker replacement. A new tool from AlphaSense, called Deep Research, won't provide any comfort.The generative AI agent functions like a team of analysts operating at...
Google overhauls internal learning platform to focus on AI courses
Sundar Pichai, CEO of Alphabet, speaks during an event in New Delhi, December 19, 2022.Sajjad Hussain | AFP | Getty ImagesGoogle is overhauling a popular internal learning platform to focus on teaching employees how to use modern artificial intelligence tools in their...
Snap to launch smaller, lighter AR Specs smartglasses in 2026
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024.Andrej Sokolow | Picture Alliance | Getty ImagesSnap on Tuesday announced its plans to release a sixth-generation of its augmented reality...
What’s next for Oura Ring in health, fitness monitoring: CEO Tom Hale
When the idea for the Oura Ring was first spawned in 2013, the company's founders envisioned a device that would take a precise look at sleep and recovery, two important aspects of overall health that they felt few wearable tools had prioritized to that point.Now,...
IBM announces new quantum processor, plan for Starling supercomputer
Parts of the IBM Quantum System Two are seen at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty ImagesIBM on Tuesday announced a roadmap to develop a large-scale, fault-tolerant quantum computer called...
Glean, gen AI search startup, raises $150 million at $7 billion value
Arvind Jain, CEO of Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022.Harry Murphy | Sportsfile | Getty ImagesGenerative AI enterprise search startup Glean announced on Tuesday that it raised $150...
Meta forming new AI lab helmed by Scale AI CEO Alex Wang, report says
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | ReutersMeta is forming a new artificial...
ChatGPT OpenAI down for some users
Jaque Silva | Nurphoto | Getty ImagesChatGPT was down Tuesday for some users on Tuesday, with more than 1,500 outage reports on Downdetector, a site that logs user reports of internet issues.The artificial intelligence chatbot gave some users a "Too many concurrent...
Why the Switch 2 is so important for Nintendo
Nintendo just released the Switch 2, its first new game console in eight years. The original Switch was wildly popular, selling 15 million units in its first year, more than any prior Nintendo console. The company says its was the second most successful console in its...
How we chose companies on this year’s list
The top five companies on the 2025 CNBC Disruptor 50 list — Anduril, OpenAI, Databricks, Anthropic and Canva — have a combined valuation of just under $500 billion. This is more than the combined total valuation of almost every past Disruptor 50 list of the last 12...
See the full list of companies
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups.The top five companies on this year's Disruptor 50 list — including a new No. 1 Disruptor...
Anduril tops CNBC Disruptor 50 list as interest in defense tech booms
Igor Gnedo, Antonina Lepore & Adrianne PaerelsThis year's Disruptor 50 list, topped by Anduril in the No. 1 spot, and then OpenAI, showcases 50 companies that are challenging the status quo and using technology (most often, AI) to transform a range of...
Microsoft-backed AI lab Mistral debuts reasoning model to rival OpenAI
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024.Chesnot | Getty Images Entertainment | Getty ImagesFrench artificial...
Crypto CEO linked to Russia accused of laundering $500 million
Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.Andrew Kelly | ReutersFederal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was...
Uber taps AI firm Wayve to pilot fully driverless rides in the UK
A delivery van outfitted with Wayve's autonomous driving software is part of the fleet of vehicles making grocery deliveries across London.Source: WayveUber on Tuesday announced it's partnered with self-driving car technology firm Wayve to launch trials of fully...
Apple WWDC underwhelms on AI, software biggest facelift in decade
Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty ImagesApple's annual developer conference on Monday lacked the splashy announcement that fans are...
As Temu, Shein pivot to Europe, they again meet regulatory scrutiny
U.S. consumer spending on Temu fell about 36% in May compared to a year earlier, while it fell 13% over the same period on Shein, according to trend data from Consumer Edge. Nurphoto | Nurphoto | Getty ImagesTemu and Shein are pivoting to Europe as their business in...
Nvidia’s Jensen Huang gets rockstar treatment at London Tech Week
Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to...
Microsoft enters portable gaming with new ROG Xbox Ally devices
Microsoft ROG Xbox Ally and Ally X Handheld devicesSource: XboxMicrosoft Xbox players will soon be able to take their favorite games anywhere with the launch of the new ROG Xbox Ally handhelds.This is a first for Xbox, which has never released a handheld before.The...
Vantage raises $820 million in a cloud and AI data centre deal in Europe
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe.The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in...
IonQ buys UK quantum startup Oxford Ionics for more than $1 billion
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion.Shares gained about 4%.The companies said in a release that the deal will combine IonQ's quantum computing hardware and software knowledge with Oxford...
Photos show Waymo vehicles on fire during L.A. protests
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests...
‘I’m going to invest here’
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesLONDON — Nvidia CEO Jensen Huang poured praise on the U.K. on Monday, promising to boost investment in the country's artificial...
We train AI like we train humans now, says Nvidia’s Jensen Huang
Nvidia CEO Jensen Huang says artificial intelligence is the "great equalizer" because it lets anyone program using everyday language.Speaking at London Tech Week on Monday, Huang said that, historically, computing was hard and not available to everyone. "We had to...
Sam Altman brings World eye-scanning ID verification startup to UK
Sam Altman's identity verification venture World is launching its eye-scanning Orb product in the U.K.WorldLONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week.The venture, which uses a...
UK’s FCA teams up with Nvidia to let banks experiment with AI
Jakub Porzycki | Nurphoto | Getty ImagesLONDON — Britain's financial services watchdog on Monday announced a new tie-up with U.S. chipmaker Nvidia to let banks safely experiment with artificial intelligence.The Financial Conduct Authority said it will launch a...
‘Bitcoin Family’ changed security after recent crypto kidnappings
The Taihuttus on a ski trip to Sierra Nevada in southern Spain. They sold everything they owned in 2017 to bet on bitcoin — and now travel full-time as a family of five.Didi TaihuttuA wave of high-profile kidnappings targeting cryptocurrency executives has rattled the...
Tesla Vice President in charge of Optimus robotics is leaving
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynTesla's vice president of Optimus robotics, Milan Kovac, said on Friday that he's leaving the company.In a post on X, Kovac thanked Tesla CEO Elon...
Tesla already had big problems. Then Musk went to battle with Trump
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO's tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The...
Winklevoss twins’ crypto firm Gemini confidentially files for IPO
Cameron Winklevoss, co-founder and president of Gemini Trust Co., left, and Tyler Winklevoss, co-founder and chief executive officer of Gemini Trust Co., on stage during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025. Bridget Bennett |...
Omada shares open at $23 in Nasdaq debut after company’s IPO
Omada Health shares popped more than 30% in their Nasdaq debut on Friday after the virtual chronic care company priced its stock at $19 per share in its IPO. The stock opened at $23 and quickly hit $25.The company said in a press release late Thursday that it sold 7.9...
DocuSign stock tanks 18% after company cuts billings outlook
Tiffany Hagler-Geard | Bloomberg | Getty ImagesShares of DocuSign tanked 18% in trading Friday, a day after the e-signature provider reported stronger-than-expected earnings but slashed its full-year billings outlook.Here's how the company performed in its fiscal...
At WWDC, Apple’s AI strategy comes into question
One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI.Analysts said Apple's installed base of more than 1 billion iPhones, the data on its...
UK’s FCA to lift ban on crypto ETNs — here’s what it means
LONDON — The U.K. is set to lift a ban on a key type of crypto debt security in a bid to catch up to the U.S. and other financial hubs as it looks to become a global hub for digital assets.On Friday, the Financial Conduct Authority, the U.K.'s main regulator for...
Tesla jumps 5% in premarket trade as stock reels from Trump-Musk drama
A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty ImagesTesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the...
Microsoft stock notches new record as CEO touts OpenAI relationship
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesOn a down day for the market, Microsoft reached a record high for the first time...
Musk spat with Trump and exit from DOGE bad for Dogecoin
Idrees Abbas | Lightrocket | Getty ImagesIt's been a bad week for DOGE. And a really bad week for dogecoin.The meme coin, which gained popularity in part because Elon Musk once dubbed it "the people's crypto," fell about 10% on Thursday and is down 22% over the past...
Broadcom (AVGO) earnings report Q2 2025
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024.Justin Sullivan | Getty ImagesBroadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current...
Omada Health prices IPO at $19 per share, in middle of expected range
Omada Health virtual health program.Courtesy: Omada HealthOmada Health priced its IPO at $19 per share on Thursday, in the middle of the expected range.The virtual chronic care company said in a press release that 7.9 million shares are being sold in the offering,...
Anduril raises funding at $30.5 billion valuation led by Founders Fund
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae...
AI is dangerous and ‘either we win or China’
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp said the artificial...
Tesla shares sink 5% as Musk continues to bash Trump’s spending bill
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesShares of Tesla slid about 5% Thursday as CEO Elon Musk continued his relentless...
MongoDB (MDB) fiscal Q1 earnings 2026
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service.Revenues hit $549 million...
Shortages, special opening hours amid hype
People wait outside the Nintendo Store for the release of the Nintendo Switch 2 in New York City, U.S., June 4, 2025. Kylie Cooper | ReutersNintendo's flagship Switch 2, the successor to one of its most popular consoles, went on sale on Thursday with excitement and...
Uber adds Palo Alto CEO Nikesh Arora to its board
Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024.Adam Galici | CNBCNikesh Arora, the CEO of Palo Alto Networks, is joining Uber's board of directors, the company announced in a...
Amazon’s R&D lab forms new agentic AI group
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon has formed a new group within its consumer product-development arm that is focused on agentic artificial intelligence, the company said...
Court denies Apple appeal, keeping App Store changes
The App Store logo is seen next to the Epic Games Store logo on two screens. Epic, maker of the popular game "Fortnite," wants to sell digital items in its apps without giving a cut of the purchase price to Apple.Fabian Summer | picture alliance | Getty ImagesApple...
Musk ally Isaacman, Trump ex-NASA pick, says politics was ‘thrilling’
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne,...
Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesBEIJING — As China's electric vehicle price war intensifies, its top leaders have...
Wise to move primary listing to U.S. in blow to London stock exchange
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesLONDON — British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock...
Capture6 cleans water and removes CO2 from the atmosphere, saves money
As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits.Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a...
Reddit sues AI startup Anthropic for breach of contract, ‘unfair competition’
Mateusz Slodkowski | Lightrocket | Getty ImagesReddit is suing artificial intelligence startup Anthropic for what it's calling a breach of contract and for engaging in "unlawful and unfair business acts" by using the social media company's platform and data without...
Microsoft reorg gives Ryan Roslansky additional Office role
Microsoft is giving LinkedIn CEO Ryan Roslansky a bigger job, expanding his role to include oversight of Office productivity software, CNBC has learned.Roslansky, who took over LinkedIn five years ago, is becoming executive vice president of Office, reporting to...
Amazon to invest $10 billion in North Carolina data centers in AI push
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024.Nathan Howard | Bloomberg | Getty ImagesAmazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the...
CrowdStrike drops on lackluster guidance, impact from July IT outage
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty ImagesShares of CrowdStrike slumped more than 6% Wednesday morning after the...
Venmo adds debit card perks, checkout options
Venmo, long known for helping friends split dinner bills and birthday gifts, is jumping into the heart of consumer commerce. The PayPal-owned platform on Wednesday rolled out several updates designed to move beyond peer-to-peer transfers, transforming Venmo into a...
Apple, Samsung smartphone growth cut due to tariffs: Analysts
The Apple store on 5th Avenue is seen in New York on April 8, 2025. Timothy A. Clary | Afp | Getty ImagesForecasts for Apple and Samsung shipment growth this year were sharply slashed by Counterpoint Research on Wednesday amid uncertainty over U.S. tariff policy.The...
Trump’s USD1 stablecoin is off to a rocky start, data shows
WASHINGTON DC, UNITED STATES - MAY 30: United States President Donald Trump departs at the White House to U.S. Steel's Irvin Works in West Mifflin, Pennsylvania in Washington D.C May 30, 2025. Celal Gunes | Anadolu | Getty ImagesPresident Donald Trump's new...
Nvidia tops Microsoft, regains most valuable company title
Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia's forthcoming Vera Rubin chips, in Berkeley, California, on May 29, 2025.Manuel Orbegozo | ReutersNvidia passed Microsoft in market cap...
CrowdStrike (CRWD) Q1 earnings report 2026
George Kurtz, CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California, on March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares fell about 5% in extended trading on Tuesday after the security software maker...
Trump Truth Social step toward bitcoin ETF launch with new NYSE filing
Anna Barclay | Getty ImagesPresident Donald Trump's Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading,...
Tesla’s Australia May sales soar, a bright spot amid struggles
Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023.William West | AFP | Getty ImagesTesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their...
Donald Trump Jr. distances himself from $TRUMP meme coin
Donald Trump Jr. is distancing himself from his father's meme coin — while defending the family's broader foray into crypto as a response to being frozen out of the traditional banking system."I wasn't involved in the meme coin," Trump Jr. said in an interview on...
$TRUMP crypto wallet launches for president’s meme token
Jonathan Raa | Nurphoto | Getty ImagesMagic Eden, best known as a non-fungible token marketplace, has quietly partnered with the team behind President Donald Trump's meme token to launch an official $TRUMP-branded cryptocurrency wallet. Dubbed the $TRUMP Wallet, the...
Tesla robotaxi launch in Austin has Musk playing catch-up in hometown
The Texas flag flies outside TDECU Stadium in Houston, Oct. 21, 2023.Tim Warner | Getty Images Sport | Getty ImagesTesla's long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for...
Nvidia’s Jensen Huang details how Nintendo Switch 2 uses AI
An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | ReutersNvidia CEO...
Klarna takes on banks with its own debit card
Klarna is synonymous with the "buy now, pay later" trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments.Nikolas Kokovlis | Nurphoto | Getty ImagesSwedish fintech Klarna — primarily known for its...
AI, trade and $24 socks
SXSW had branding all around the neighbourhood of Shoreditch in London.Arjun Kharpal | CNBCSouth by Southwest (SXSW) may be a well-known event in the United States, but it certainly hasn't reached the same level of recognition in Britain."What's that?" asked a...
Elon Musk’s Neuralink raises $650 million in fresh capital
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday.ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other firms participated in...
Uber delivery chief Gore-Coty leaving almost 13 years at company
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company's longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice...
Robinhood’s $200 million Bitstamp deal takes it beyond retail trading
Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world's longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions.The all-cash deal,...
Snowflake to buy database startup Crunchy Data for about $250 million
Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025.Tasos Katopodis | Semafor | Getty ImagesData analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers...
Amazon’s price controls may be anticompetitive, German regulator warns
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesGerman antitrust regulators warned Amazon on Monday that the company's...
Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
Vcg | Visual China Group | Getty ImagesShares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.Nvidia-backed CoreWeave climbed more than 7% following the...
Neuralink competitor Paradromics completes first human implant
Dr. Matthew Willsey working in the operating room.Courtesy of the University of MichiganNeurotech startup Paradromics on Monday announced it has implanted its brain-computer interface in a human for the first time. The procedure took place May 14 at the University of...
Leapmotor and Aito report record high deliveries in May amid price war
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%.Cfoto | Future Publishing | Getty ImagesChinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to...
DoorDash CEO Tony Xu is new industry consolidator in food delivery
Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty ImagesDuring the depths of the Covid pandemic, with restaurants around the...
Saylor bitcoin buying strategy ‘exploding,’ but Wall Street skeptical
LAS VEGAS — The bitcoin treasury play that lifted Strategy's market cap past $80 billion is now being mimicked by meme stock companies, media firms, and multinational conglomerates. But Wall Street isn't buying all the hype.This week, Trump Media announced plans to...
$TRUMP and other meme coins won’t be protected by SEC: Hester Peirce
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022.Valerie Plesch | Bloomberg | Getty ImagesLAS VEGAS — Now that the SEC is out of the business of...
Stablecoins stole the show at Bitcoin 2025
Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter.MacKenzie SigalosLAS VEGAS — At the world's largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn't about...
Tesla shares bounce back as Elon Musk ends time with Trump and DOGE
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas.CNBCShares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his...
China calls out Trump for ‘abuse’ of semiconductor export controls
Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesChina is calling out the U.S. for "discriminatory restrictions" in its use of export controls in the chip industry, after the Trump administration accused the...
Zscaler jumps 8% on strong results fueled by AI growth
Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.Source: NasdaqZscaler shares jumped 8% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its...
Dell earnings report Q1 2026
A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023.Brandon Bell | Getty ImagesShares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for...
Musk’s SpaceX town in Texas proposes a new map and zoning
The neighborhood once known as Boca Chica Village is seen near the SpaceX facilities where they build rockets in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | AFP | Getty ImagesStarbase, Texas, has notified some residents that they might "lose the right to...
SEC drops Binance lawsuit, ending one of last remaining crypto actions
Jakub Porzycki | Nurphoto | Getty ImagesThe SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.In a Thursday filing in the U.S. District Court...
Synopsys pulls guidance, citing new China export restrictions
Sassine Ghazi, CEO of semiconductor design software firm Synopsys, explains the company's plans to have artificial intelligence take over parts of designing computer chips at the company's annual user conference in Santa Clara, California, on March 19, 2025.Stephen...
Musk-Altman AI rivalry complicating Trump’s dealmaking in Middle East
Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025.Aurelien Morissard | Via ReutersElon Musk tried to derail a major artificial intelligence infrastructure deal in the...
Meta, Anduril partner on VR, AR project intended for U.S. Army
Palmer Luckey, Founder @ Oculus VR Andutil Industries, during day two of Collision 2019 at Enercare Center in Toronto, Canada.Stephen McCarthy | Sportsfile | Getty ImagesMeta and Anduril, the defense-tech startup founded by Palmer Luckey, announced Thursday that...
Amazon forms ZeroOne team to develop ‘breakthrough’ consumer products
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon's devices unit has a new team tasked with inventing "breakthrough" consumer products that's being led by a former Microsoft...
Omada Health aims to IPO with market cap of up to $1.1 billion
Omada Health smart devices in use.Courtesy: Omada HealthOmada Health plans to raise up to $158 million in its up coming IPO, attaining a market cap of about $1.1 billion at the top end of its expected range, according to a filing on Thursday. The virtual chronic care...
Salesforce shares fall as software maker shows pockets of weakness
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce shares slumped about 6% despite topping Wall Street's fiscal first-quarter estimates...
Amazon AI deal with New York Times brings the paper’s content to Alexa
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersThe New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization's content across its...
Key takeaways from Nvidia earnings: China, cloud strength, Blackwell
Nvidia reported strong fiscal first-quarter earnings on Wednesday.Wall Street was pleased with Nvidia's continued sales growth, which hit 69% during the quarter. The company's data center division continues to surge as companies, countries, and cloud providers snap up...
Intel CEO Lip-Bu Tan long track record in chips, needs big customer
Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | ReutersWhen Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name...
Mark Zuckerberg says Meta AI has 1 billion monthly active users
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta's artificial intelligence assistant now has one billion monthly active users across the company's family of apps,...
HP (HPQ) Q2 earnings 2025
Sopa Images | Lightrocket | Getty ImagesHP reported second-quarter results that beat analysts' estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump's sweeping tariffs. Shares sank 15% after the report.Here's how the company...
Tesla investors demand Musk work 40-hour week at EV maker amid crisis
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCElon Musk needs to spend more time at Tesla as his electric vehicle company faces a "crisis," according to a letter on Wednesday from a group of pension fund leaders who manage investments in the...
Nvidia jumps 5% in premarket trading as results spark global chip rally
Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in...
Elon Musk thanks Trump, says he’s leaving government work with DOGE
Tesla CEO Elon Musk reacts while wearing a cap with the words "Gulf of America" as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersWith his official stint in...
Salesforce (CRM) Q1 earnings report 2026
Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance.Here's how the company performed relative to LSEG consensus:Earnings per share: $2.58...
China’s DeepSeek releases upgraded R1 AI model in OpenAI competition
Deepseek's logo on Jan. 29, 2025.Andrey Rudakov | Bloomberg | Getty ImagesChinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an...
Chip software stocks sink on report Trump ordered halt to China sales
The Synopsys headquarters in Mountain View, California, on April 13, 2022.David Paul Morris | Bloomberg | Getty ImagesShares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after The Financial Times reported that the White House told...
JD Vance tells bitcoin conference stablecoins don’t threaten dollar
Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas.John Locker | APLAS VEGAS — Vice President JD Vance used his position on stage at the biggest bitcoin conference of the year to push the Trump administration's efforts on stablecoin...
Nvidia (NVDA) earnings report Q1 2026
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty ImagesNvidia reports fiscal first-quarter earnings on Wednesday after the bell.Here's what Wall Street is expecting, per...
Elon Musk’s xAI partners with messaging app Telegram for Grok
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk's startup xAI is paying the Dubai-based messaging platform Telegram $300 million to roll out its Grok...
Joby Aviation shares pop after closing $250 million Toyota investment
Attendees view a Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first...
Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI
Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023.Courtesy: NasdaqInstacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications.Shares were last down...
Goldman-backed Starling Bank profit drops amid Covid loan issue
The Starling Bank app displayed on a person's phone.Adrian Dennis | AFP via Getty ImagesLONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over...
China and tariffs have wiped off $130 billion of value
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesMore than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty...
Circle IPO has peculiar Facebook-like characteristic
Jeremy Allaire, co-founder and CEO of Circle, speaks at the 2025 TIME100 Summit in New York on April 23, 2025.Jemal Countess | TIME | Getty ImagesStablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S....
Musk’s role leading DOGE is ‘continuing and permanent,’ judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesIn its bid to have a...
SpaceX Starship explodes third time in a row, Musk plans more launches
Matt Farrah of Newcastle, Australia views SpaceX's next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company's launch pad in Starbase, Texas, U.S., May 27, 2025. Joe Skipper | ReutersSpaceX's Super Heavy...
Stability AI lawsuit doesn’t cover industry mass theft
Getty Images' logo seen displayed on a smartphone with an AI chip and symbol in the background.Budrul Chukrut | Sopa Images | Lightrocket via Getty ImagesLONDON — Getty Images is spending millions of dollars to take on a "world of rhetoric" through its Stability AI...
The U.S.’ AI love affair with the UAE boils down to dominance
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty ImagesDUBAI, United Arab Emirates — Deep in the oil-rich deserts of the...
23andMe to delist from Nasdaq, deregister with SEC
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.Justin Sullivan | Getty Images23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission,...
Block’s bitcoin checkout goes live in Vegas
A Square-powered bitcoin checkout is now live on the Vegas Strip, where Bitcoin 2025 attendees can scan and pay for merch in seconds using the Lightning Network.Miles SuterLAS VEGAS — Jack Dorsey's latest bitcoin vision is hitting the checkout counter — starting with...
DJT shares drop after Trump Media announces bitcoin raise
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.Kevin Wurm | ReutersLAS VEGAS — Trump Media announced Tuesday a $2.5 billion raise from institutional investors to...
Tesla gains as Musk pledges to be ‘super focused’ on companies
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesTesla shares gained...
‘We don’t want to harm’ Apple with tariffs
National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to "harm Apple" with tariffs."Everybody is trying to make it seem like it's a catastrophe if there's a tiny little tariff on them right now, to try to negotiate...
OpenAI-powered medical coding model that outperforms physicians
Dr. Priti Patel, CMIO at John Muir Health, uses Ambience before starting a patient encounter.Courtesy of Ambience HealthcareArtificial intelligence startup Ambience Healthcare on Tuesday announced a new medical coding model that outperforms doctors by 27%.Ambience...
Salesforce to acquire Informatica in $8 billion deal
Salesforce Inc. signage during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 3, 2022.Bloomberg | Bloomberg | Getty ImagesSalesforce announced Tuesday that it's buying cloud data management firm Informatica in an $8 billion deal to bolster the...
India’s iPhone exports to the U.S. soared an estimated 76% in April
"This latest trade war with China, is the type of disturbance that Apple has long been trying to prepare itself for," says Le Xuan Chiew, a research manager at Omdia.Kevin Carter | Getty Images News | Getty ImagesShipments of iPhones from India to the U.S. rose 76% in...
Tesla Europe sales plunge 49% as Elon Musk brand fallout continues
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBCEuropean sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition.Tesla sold 7,261 cars in Europe in April,...
Tech conferences are ramping up security to quell employee protests
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesAt Microsoft's annual...
Tencent, Baidu reveal how they’re dealing with U.S. AI chip curbs
Niphon | Istock | Getty ImagesTencent and Baidu, two of China's largest technology companies, revealed how they're keeping in the global artificial intelligence race even as the U.S. tightens some curbs on key semiconductors.The business' methods include stockpiling...
Elon Musk’s X down for tens of thousands of users
Elon Musk looks on as U.S. President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, D.C., U.S., May 21, 2025. Kevin Lamarque | ReutersThe Elon Musk-owned social media platform X experienced outages on...
Amazon’s Zoox issues software recall again after San Francisco crash
A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty ImagesAmazon's Zoox robotaxi unit issued a voluntary recall of its software for the second time in a month following a recent crash in San...
At Trump’s $148 million meme coin dinner, ‘the food sucked,’ attendee says
Crypto investor Nicholas Pinto attends President Donald Trump's gala dinner for people who spent the most money on Trump's meme coin, $TRUMP, in a contest, at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.Nicholas PintoThe price of President Donald...
Companies turn to AI to navigate Trump tariff turbulence
Artificial intelligence robot looking at futuristic digital data display.Yuichiro Chino | Moment | Getty ImagesBusinesses are turning to artificial intelligence tools to help them navigate real-world turbulence in global trade.Several tech firms told CNBC say they're...
Intuit shares pop 9% on earnings beat, rosy guidance
Shares of Intuit popped about 9% on Friday, a day after the company reported quarterly results that beat analysts' estimates and issued rosy guidance for the full year.Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal...
Palantir CEO Alex Karp sells more than $50 million in stock
Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025.Brendan Smialowski | Afp | Getty ImagesPalantir CEO Alex Karp has sold more than $50 million worth of...
Trump’s threat might not be enough to move production
FILE PHOTO: Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple's Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019. Tom Brenner | ReutersThe once-solid relationship between President Donald Trump and Apple CEO Tim Cook is...
Trump tariff Apple iPhones not made in the U.S.
US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple's Mac Pros are assembled in Austin, Texas, on November 20, 2019.Mandel Ngan | AFP | Getty ImagesPresident Donald Trump...
Intuit (INTU) Q3 2025 earnings report
Tiffany Hagler-Geard | Bloomberg | Getty ImagesIntuit on Thursday reported quarterly results that beat analysts' estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading. Here's how the company did compared...
OpenAI CFO says AI hardware boost ChatGPT in ‘new era of computing’
OpenAI is betting a new "era" of computing will justify the company's decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced...
Microsoft employees say emails with ‘Gaza’ or ‘Palestine’ won’t send
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesMicrosoft employees are...
Top $TRUMP holders head to exclusive crypto dinner with president
Jonathan Raa | Nurphoto | Getty ImagesNick Pinto is a marketing director at his family's law firm in New Jersey. He's also a crypto trader who spent enough money on Donald Trump's meme coin to win a spot at a private black-tie dinner with the president scheduled for...
Amazon shareholders reject proposal to split CEO and chair roles
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon shareholders rejected a proposal to adopt a policy that would require the company's CEO and board chair roles to remain separate.Vote...
Apple raises trade-in prices for iPhones in China as amid competition
People stand in front of an Apple store in Beijing, China, on April 9, 2025.Tingshu Wang | ReutersApple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in...
BYD beats Tesla in European EV sales despite higher tariffs: Report
Though the difference between the two brands' monthly sales totals is relatively small, the implications of BYD beating out Tesla "are enormous," says Felipe Munoz, global automotive analyst at JATO Dynamics.Jaap Arriens | Nurphoto | Getty ImagesBYD sold more pure...
Founders of Amazon’s PillPack launch health-care marketplace startup
General Medicine founders TJ Parker, Ashwin Muralidharan and Elliot Cohen.General MedicineAfter selling online pharmacy PillPack to Amazon seven years ago, the founding team is launching a new company that aims to make the experience of getting medical care "as easy...
Hinge Health opens trading at $39.25 per share after pricing IPO
Hinge Health signage outside the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Michael Nagle | Bloomberg | Getty ImagesShares of Hinge Health popped in their debut on the New York Stock...
Snowflake shares soar as revenue tops $1 billion for first time
Snowflake Inc. signage on the floor of the New York Stock Exchange in New York, US, on Jan. 2, 2025.Michael Nagle | Bloomberg | Getty ImagesSnowflake shares jumped 12% on Thursday, climbing to their highest level since early last year after the data analytics company...
Kraken opening digital tokens of Apple, Tesla and Nvidia outside U.S.
Kraken is one of the world's largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken, a crypto exchange that has spent years in court battling charges brought by the U.S. Securities and Exchange Commission over its digital asset offerings, is...
Apple devices to power Georgia hospital in a first for the U.S
A customer carries an Apple MacBook Pro laptop outside an Apple store in Walnut Creek, California, US, on Wednesday, April 30, 2025. David Paul Morris | Bloomberg | Getty ImagesApple devices will power a hospital in Georgia, a first for the company as it continues its...
U.S. tech giants OpenAI, Nvidia and Oracle partnering
Alphabet Chief Investment Officer Ruth Porat (L) and Nvidia CEO Jensen Huang (R) wait to meet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025.Brendan Smialowski | Afp | Getty ImagesTechnology giants OpenAI, Oracle, Nvidia and Cisco are joining...
Exclusive look at High NA, ASML’s new $400 million chipmaking colossus
Behind highly secured doors in a giant lab in the Netherlands, there's a machine that's transforming how microchips are made. ASML spent nearly a decade developing High NA, which stands for high numerical aperture. With a price tag of more than $400 million, it's the...
Here’s how fusion energy could power your home or an AI data center
The artificial intelligence boom has sent energy demand soaring. Some of the supercomputers sucking up all that power are helping to find new energy sources.Fusion energy is the process of forcing two hydrogen atoms to combine and form one helium atom, which releases...
Hong Kong passes stablecoin bill as more governments recognize the digital assets
The Tether (USDT) stablecoin logo.Costfoto | Nurphoto | Getty ImagesHong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital assets.Unlike volatile digital assets like bitcoin, the value of...
CoreWeave shares soar 19% after $2 billion debt offering
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersCoreWeave shares popped 19% after announcing a $2...
Hinge Health prices IPO at $32, the top end of expected range
Hinge Health's TrueMotion feature.Courtesy: Hinge HealthHinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total...
Pressure builds on Apple as Jony Ive teams with OpenAI
Apple CEO Tim Cook, left, and Apple chief design officer Jony Ive look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference, or WWDC, at the San Jose Convention Center in San Jose, California, June 3, 2019.Justin Sullivan | Getty ImagesBefore Jony...
Nike to resume selling directly on Amazon for first time since 2019
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel...
Trump crypto czar Sacks stablecoin bill unlock trillions for Treasury
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersPresident Donald Trump's top crypto and AI advisor David Sacks said Wednesday that...
Nvidia’s Jensen Huang, semiconductor experts think U.S. chip curbs failed
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty ImagesReplacing Nvidia is a tall order. While Chinese competitors are years behind the company's cutting-edge technology, many...
Bitcoin price hits new record high above $111,000
Romain Costaseca | Afp | Getty ImagesBitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around...
OpenAI buys iPhone designer Jony Ive device startup for $6.4 billion
OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty ImagesOpenAI said on...
Amazon CEO Andy Jassy says tariffs haven’t dented consumer spending
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon CEO Andy Jassy said Wednesday that the company hasn't seen any signs of consumers tightening their wallets in the face of President...
Microsoft says 394,000 Windows computers infected by Lumma malware globally
Windows 11 operating system logo is displayed on a laptop screen for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesMicrosoft said Wednesday that it broke down the Lumma Stealer malware project with the help of law enforcement officials across the...
Bitcoin jumps to new all-time high, surpassing prior record in January
Jonathan Raa | Nurphoto | Getty ImagesBitcoin rose to a new all-time high on Wednesday, breaking its January record.The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as...
Nvidia CEO Jensen Huang slams U.S. chip restrictions as a “failure”
Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a "failure" and warned that the restrictions are doing more damage to American business than to China.Huang said in a press conference at Computex, an artificial intelligence exhibition in...
With Android XR, Google’s Brin gives smart glasses another go
Google DeepMind Demis Hassabis and Google co-founder Sergey Brin sat for an interview at Google I/O.Jennifer EliasGoogle on Tuesday announced that it's getting back into the smart glasses game, and co-founder Sergey Brin said that this time will be different. "I've...
Xpeng shares add to 66% rally as Chinese EV maker losses narrow
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart...
Palo Alto Networks (PANW) Q3 2025 earnings report
Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks reported better-than-expected earnings and revenue for the latest quarter but its gross margin was below estimates....
Waymo CEO says company hit 10 million trips, doubling in five months
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesWaymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned...
Fortnite approved by Apple, returns to U.S. App Store after 5 years
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple approved the Epic Games title Fortnite on Tuesday, returning the first-person shooter game to the App Store in the U.S., five years after its removal.Fortnite was kicked off the App Store in 2020 after Epic...
xAI and Tesla to keep buying Nvidia, AMD chips
Elon Musk said Tuesday that he expects Tesla and xAI will continue buying chips from semiconductor giants Nvidia and AMD, and possibly others.Musk's artificial intelligence company, xAI, which now owns social media platform X, has already installed 200,000 GPUs at its...
DOJ charges Armenian crime ring in Amazon theft worth over $83 million
The Amazon Prime logo is displayed on Amazon delivery trucks in Richmond, California, June 21, 2023.Justin Sullivan | Getty ImagesDepartment of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83...
Warby Parker pops 15% on $150 million Google smart glasses partnership
A Warby Parker store is seen in Downtown Brooklyn in New York City on May 22, 2024.Michael M. Santiago | Getty ImagesWarby Parker shares surged more than 15% after Google announced a smart glasses partnership at the tech company's annual I/O developer...
Elon Musk confirms Tesla plan for robotaxis on Austin roads in June
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCTesla CEO Elon Musk confirmed that the company will have robotaxis on the streets of Austin, Texas, by the end of June.In an interview with CNBC's David Faber on Tuesday at the company's...
Xreal debuts Project Aura glasses that run Android XR
Xreal said its Project Aura glasses will run Google Android XR.XrealXreal on Tuesday announced a set of so-called "extended reality" glasses that run Google's Android XR software, as the companies look to take on Meta and Apple in a new arena.The launch marks an early...
Google launches Veo 3, an AI video generator that incorporates audio
Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday announced Veo 3, an AI video generator that can also create and incorporate audio. The artificial intelligence tool competes with...
Justin Sun Trump dinner
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.Calvin Sit | Bloomberg | Getty ImagesChinese-born crypto mogul Justin Sun says he's the top holder of the $TRUMP meme token and will be having dinner with President...
Elon Musk Tesla shares
Elon Musk, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Bloomberg | Bloomberg | Getty ImagesTesla CEO Elon Musk on Tuesday committed to leading the electric-vehicle-maker for...
D-Wave Quantum releases latest computing system
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesD-Wave Quantum's latest quantum computing system has hit the market, the company said Tuesday. Shares popped more than 18%. The quantum computer, known as Advantage2, marks the sixth iteration from the company...
Judge calls on Apple to resolve Fortnite app submission after ruling
This illustration picture shows a person waiting for an update of Epic Games' Fortnite on their smartphone in Los Angeles on August 14, 2020.Chris Delmas | AFP | Getty ImagesApple must work out its latest issues with Epic Games, or head back to court to prove it has a...
Alphabet Waymo approval to expand driverless ride-hailing to San Jose
A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAlphabet's Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San...
Regeneron Pharmaceuticals to buy 23andMe and its data for $256 million
A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty ImagesRegeneron Pharmaceuticals on Monday announced it will acquire "substantially all" of 23andMe's assets for $256 million.The drugmaker participated in a...
Microsoft introduces GitHub AI agent that can code for you
Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025.David Ryder | Bloomberg | Getty ImagesMicrosoft's GitHub unit on Monday introduced a Copilot...
JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
JPMorgan Chase CEO Jamie Dimon delivers a speech during the Global Markets Conference, ahead of the Choose France summit, in Paris, on May 15, 2025. Michel Euler | Afp | Getty ImagesJPMorgan Chase is finally allowing clients to buy bitcoin. But CEO Jamie Dimon is...
E-commerce logistics startup Stord acquires UPS subsidiary
Imaginima | E+ | Getty ImagesLogistics startup Stord said Monday that it's buying UPS subsidiary Ware2Go as it looks to expand its footprint in the e-commerce space.The company declined to provide specifics on the purchase price of the deal.The Atlanta-based company...
Klarna doubles losses in first quarter as IPO remains on hold
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly...
China’s Xiaomi commits $6.9 billion to in-house chips
In this photo illustration, the logo of Xiaomi's XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company's self-developed smartphone SoC, XRING 01, will be officially launched in late May.Vcg |...
UK to regulate buy now, pay later firms like Klarna and Affirm
Klarna is synonymous with the "buy now, pay later" trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments.Nikolas Kokovlis | Nurphoto | Getty ImagesThe U.K. government on Monday laid out proposals...
Nvidia announces new tech to keep it at the center of AI development
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, May 19, 2025. Bloomberg | Bloomberg | Getty ImagesNvidia CEO Jensen Huang made a slew of announcements and revealed new products...
Qualcomm to launch data center processors that link to Nvidia chips
Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty ImagesQualcomm on Monday said it plans to launch processors designed for data centers to power...
Trump coin dinner to include mostly non-Americans based on top holders
Jonathan Raa | Nurphoto | Getty ImagesWith President Donald Trump's private dinner for top meme coin holders less than a week away, the leaderboard is awash with crypto wallets that are effectively anonymous.On May 22, the top 220 $TRUMP holders are invited to a...
Challenges face Elon Musk and NASA in sending people to Mars
President Donald Trump and Elon Musk, the world's richest man, want to make living on Mars a reality. Musk has said that his company, SpaceX, can get humans to Mars as early as 2029. Meanwhile, NASA officials have said that sending humans to Mars even by 2040 would be...
Grok’s ‘white genocide’ responses show gen AI tampered with ‘at will’
Muhammed Selim Korkutata | Anadolu | Getty ImagesIn the two-plus years since generative artificial intelligence took the the world by storm following the public release of ChatGPT, trust has been a perpetual problem.Hallucinations, bad math and cultural biases have...
Nvidia and Tesla soar, boosted by Trump’s Middle East tour
(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of...
Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7.Aly Song | ReutersIn a regulatory filing out Friday, Elon Musk-led automaker Tesla announced a change to its corporate bylaws that will limit shareholders...
Nvidia, Cisco and OpenAI backing UAE Stargate data center project
NVIDIA CEO Jensen Huang attends an 'Investing in America' event held by U.S. President Donald Trump in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersU.S. tech giants Nvidia, Cisco and OpenAI are supporting the "UAE Stargate" artificial intelligence data...
Tech IPO market is finally showing signs of life
Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May...
Apple Pay services resolved after outage, company says
Nurphoto | Nurphoto | Getty ImagesApple users experienced problems with a range of the company's payment features on Friday.Wallet and Apple Pay were the last payment issues to be resolved, according to the company's support site. Earlier in the day, nearly 3,000...
CoreWeave pops 60% this week on AI growth momentum, big Nvidia stake
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in Washington on May 8, 2025. Intrator and fellow tech leaders testified about the global artificial intelligence race and how the United States can remain...
Tesla adds long-time Chipotle executive Jack Hartung to board
Jack Hartung, CFO, Chipotle 190604Scott Mlyn | CNBCTesla has appointed long-time Chipotle executive Jack Hartung to its board of directors, effective June 1.As part of the board, Hartung will join Tesla's audit committee, the electric vehicle company disclosed in a...
Novogratz’ Galaxy Digital opens trading on the Nasdaq at $23.50
Mike Novogratz' crypto firm Galaxy Digital started trading on the Nasdaq Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange.Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the...
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation
Founder and CEO at Nvidia Jensen Huang is interviewed by Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | ReutersNvidia said it won't be...
Mike Novogratz describes path to Galaxy Digital’s Nasdaq listing
TORONTO — Mike Novogratz said he spent nearly four years and more than $25 million trying to take crypto firm Galaxy Digital public in the United States."It felt un-American, unfair, infuriating," Novogratz said.Novogratz told CNBC that a process that should take 45...
Microsoft offers to sell Office without Teams to placate EU regulators
The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty ImagesMicrosoft offered to unbundle its Office 365 and Microsoft 365 software suites from its Teams workplace communication app to address...
The U.S. has struggled for crypto clarity. Canada may have the answer
TORONTO — Canada has quietly become a global leader in digital assets.Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in recent years,...
Cerebras CEO says chipmaker’s ‘aspiration’ is to hold IPO in 2025
Toronto , Canada - 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesCerebras CEO Andrew Feldman said his hope is to take his company...
Fortnite is now offline on iOS as Apple blocks game, Epic Games says
Jakub Porzycki | Nurphoto | Getty ImagesFortnite is now unavailable on iOS globally, Epic Games said Friday, after Apple blocked a bid to reinstate the popular game on the App Store in the U.S."Apple has blocked our Fortnite submission so we cannot release to the US...
U.S., UAE agree on path for Emirates to buy top American AI chips, Trump says
U.S. President Donald Trump signs a guest book next to United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan, at Qasr Al Watan, in Abu Dhabi, United Arab Emirates, May 15, 2025. Brian Snyder | ReutersABU DHABI, United Arab Emirates — The U.S. and United...
Musk’s xAI Grok white genocide posts violated ‘core values’
Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk's xAI on Thursday evening made its first public comment about the latest controversy surrounding Grok, writing in a post on X that an "unauthorized modification" caused the chatbot to generate variations of a...
TikTok turns to meditation as it battles lawsuits and criticism
Jaap Arriens | Nurphoto | Getty ImagesPlagued with allegations and lawsuits of harming users' mental health, especially that of children, social media sensation TikTok has decided to turn to meditation — or, rather, guide its users to the calming effects of deep...
White House announces AI data campus partnership with the UAE
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Anadolu | Anadolu | Getty ImagesThe U.S. and United Arab Emirates are partnering on a massive...
YouTube launches weekly top podcast list to rival Spotify and Apple
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel on March 8, 2025 in Austin, Texas. Mat Hayward | Variety | Getty ImagesYouTube is solidifying its place in podcasts.The company on Thursday announced the...
CoreWeave CEO defends high capex, says it is meeting ‘demand signals’
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersCoreWeave shares jumped more than 5% Thursday as the renter of...
‘Sometimes you just get had’ — what Apple can to do to appease Trump
Apple may have only one way out of the rock and a hard place it finds itself in during President Donald Trump's second administration, CNBC's Jim Cramer said Thursday. "Unless [Apple CEO Tim Cook] builds some plant here to make phones, I don't think it is going to...
Grok AI chatbot says it ‘was instructed’ to discuss ‘white genocide’
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersThe Grok chatbot from Elon Musk's xAI startup said Wednesday that it "appears I was instructed to address the topic of 'white genocide' in...
Elon Musk America PAC didn’t pay voters who signed petition: lawsuit
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024.Anna Moneymaker | Getty ImagesElon Musk's America PAC didn't keep its promise to pay swing...
Klarna CEO says AI helped company shrink workforce by 40%
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural...
Israel-Hamas conflict a potential business risk in eToro IPO filing
Yoni Assia, Co-Founder and CEO of eToro, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2023. Patrick T. Fallon | Afp | Getty ImagesIn eToro's IPO filing, ahead of the company's market debut on Wednesday, the stock trading...
Latest China AI chip export rules are yet another obstacle for Nvidia
Nvidia announced an agreement with Saudi Arabia on Tuesday to develop the kingdom's artificial intelligence capabilities, a sign of its expanding global strategy.The partnership goes beyond the AI chip leader's conventional Western collaborations and may serve as a...
YouTube Gemini AI feature will target ads when viewers most engaged
People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company's corporate headquarters in San Bruno, California, on April 23, 2025.Josh Edelson | AFP | Getty ImagesYouTube on Wednesday announced a new...
Cisco (CSCO) Q3 earnings report 2025
Cisco reported earnings and revenue that topped analysts' estimates on Wednesday and issued guidance that also exceeded Wall Street's predictions.Here's how the company did in comparison with LSEG consensus:Earnings per share: 96 cents adjusted vs. 92 cents...
Cyber firm Proofpoint to buy Europe’s Hornetsecurity as it eyes IPO
Pavlo Gonchar | Lightrocket | Getty ImagesCybersecurity firm Proofpoint announced Thursday it will acquire Germany-based competitor Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets.The deal marks the largest...
Assassins Creed maker Ubisoft (UBI) stock plunges on dismal outlook
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesShares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors.Ubisoft reported a 20.5% drop in net bookings for...
Alibaba earnings report fiscal Q4 2025
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and...
CoreWeave (CRWV) Q1 2025 earnings report
Artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company's first earnings release since going public.CoreWeave also called for faster growth than expected for this year.Here's how CoreWeave did in...
Trump told Tim Cook he doesn’t want Apple building iPhones in India
Donald Trump speaks alongside Apple CEO Tim Cook (L) during the first meeting of the American Workforce Policy Advisory Board in the State Dining Room of the White House in Washington, DC, March 6, 2019.Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump on...
Amazon lays off about 100 employees in devices and services unit
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025.Brendan McDermid | ReutersAmazon is laying off roughly 100 employees in its devices and services division, the company confirmed Wednesday.The devices and services unit...
Tencent bets on WeChat empire to get ahead in China AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent's WeChat are taking a cautious approach to prevent speculation with NFTs.Sopa Images | Lightrocket | Getty ImagesTencent's WeChat app is indispensable for...
India approves Apple-supplier Foxconn’s $433 million chip joint venture
In this photo illustration, a Foxconn logo is seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesFoxconn, the world's largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a...
Musk’s xAI chatbot Grok is posting about ‘white genocide,’ South Africa
Jonathan Raa | Nurphoto | Getty ImagesThe Grok chatbot from Elon Musk's xAI startup is responding to user queries with unrelated comments about the controversial topic of "white genocide" and South Africa.CNBC on Wednesday found numerous instances of Grok discussing...
Tech companies are prioritizing AI products over safety, experts say
Sam Altman, co-founder and CEO of OpenAI and co-founder of Tools for Humanity, participates remotely in a discussion on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., April 24, 2025.Brendan Smialowski | AFP | Getty ImagesNot long ago, Silicon...
Stock trading app eToro IPOs, debuts on Nasdaq
Omar Marques | Sopa Images | Lightrocket | Getty ImagesShares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO.The stock opened at $69.69, or 34% above its initial offering price,...
New Uber features include a way for riders to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesUber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing...
AMD announces $6 billion buyback; shares climb 6%
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.Steve Marcus | ReutersAMD said on Wednesday that its board of directors approved $6 billion in share buybacks....
Google is testing AI search on its homepage
Visual China Group | Getty ImagesGoogle's stalwart search button has a new neighbor: AI Mode.The artificial intelligence feature is being tested directly beneath the Google search bar beside a "Google Search" button, replacing the "I'm Feeling Lucky" widget. The new...
Fintech company Chime files for Nasdaq IPO
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesFinancial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol "CHYM.""Chime is a technology company, not a bank," the company said...
Perplexity partners with PayPal for in-chat AI shopping
Perplexity is extending its bet on chat-powered shopping, aiming to stand out in the crowded generative artificial intelligence market against OpenAI, Anthropic, and Google.The company said on Wednesday that it's partnering with PayPal to let users make purchases...
Baidu’s robotaxi unit plans Europe expansion
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company...
Dallas Mavericks paid $33 million over 3 years by Chime for patch
Klay Thompson #31 of the Dallas Mavericks handles the ball during the game against the Memphis Grizzlies during the 2025 SoFi Play-In Tournament on April 18, 2025 at FedExForum in Memphis, Tennessee.Joe Murphy | National Basketball Association | Getty ImagesChime...
Stock and crypto trading site eToro prices IPO at $52 per share
Omar Marques | Sopa Images | Lightrocket | Getty ImagesEToro, a stock brokerage platform that's been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market's appetite for new offerings.The Israel-based company raised nearly...
CureIS Healthcare sues Epic Systems, alleging ‘scheme to destroy’
A sign that reads "Epic Intergalactic Headquarters" on campus.Epic SystemsCureIS Healthcare, a managed care services company, filed a civil lawsuit against Epic Systems on Monday night, alleging the electronic health record, or EHR, giant has carried out a...
Tencent Q1 2025 earnings report
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday reported an annual rise in its top and bottom line in the first quarter...
Samsung Electronics to acquire FläktGroup for 1.5 billion euros
A Samsung Group flag flutters in front of the company's Seocho building in Seoul. Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions...
Sony shares rise in choppy trade as PlayStation maker announces $1.7 billion share buyback
The Sony Group Corp. logo displayed on a screen at the Combined Exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, Oct. 16, 2024. Bloomberg | Bloomberg | Getty ImagesSony Group shares rose over 3.5% on Wednesday in volatile trading after the...
Airbnb launches redesigned app, new services business
Mateusz Slodkowski | Lightrocket | Getty ImagesAirbnb launched a redesigned app on Tuesday to showcase the company's push to let travelers book services, like catering and personal training, at their home rentals.The new-look app marks a new chapter for Airbnb to...
Coinbase jumps 22% after S&P 500 inclusion
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesCoinbase shares soared more than 20% on Tuesday and headed for their sharpest...
Tech CEOs mingle with Trump and MBS at Saudi investment forum
Senior Advisor to the US President Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025. Brendan Smialowski | Afp | Getty ImagesWealth and power.Global political and business leaders...
Nvidia sending 18,000 of its top AI chips to Saudi Arabia
Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | ReutersNvidia will sell over 18,000 of its latest artificial intelligence chips to Saudi Arabian company...
Elon Musk says Starlink was approved in Saudi Arabia
Elon Musk says Starlink was approved in Saudi Arabia
Microsoft is cutting 3% of all workers
Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024.Willy Kurniawan | ReutersMicrosoft on Tuesday said that it's laying off 3% of employees across all...
Hinge Health aims to raise up to $437 million in IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right).Courtesy of Hinge HealthHinge Health said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming initial public offering.The digital physical therapy startup filed...
OpenAI restructure plan gets SoftBank blessing as Microsoft negotiates
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025.Carlos Barria | ReutersOpenAI said last week that it would...
Coinbase joining S&P 500, replacing Discover Financial
Brian Armstrong, CEO of Coinbase, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCCoinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to...
Samsung Galaxy S25 Edge launch: Specs, price, availability
Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone.Arjun Kharpal | CNBCSamsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an...
Fintechs that made profits from high interest rates now face key test
The app icons for Revolut and Monzo displayed on a smartphone.Betty Laura Zapata | Bloomberg via Getty ImagesFinancial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations.With time...
Dubai government to accept crypto through Crypto.com partnership
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies.Nurphoto | Nurphoto | Getty ImagesDubai's Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with...
SoftBank Vision Fund swings to annual loss as investment gains slow
SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an 'Investing in America' event in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersSoftbank's Vision Fund business on Tuesday posted a loss in the fiscal year ended March...
Perplexity wrapping talks to raise $500 million at $14 billion valuation
Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation, a source familiar with the situation confirmed to CNBC. Accel, the Palo Alto-based venture capital firm, will lead the round, according to the source, who spoke anonymously because...
Trump says he talked to Apple CEO Tim Cook after China tariff rollback
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesPresident Donald Trump said...
Eric Trump’s American Bitcoin going public
The bitcoin mining company backed by President Donald Trump's sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining. The combined company, American Bitcoin, will trade under the ticker symbol...
KindlyMD merging with Trump crypto advisor David Bailey’s Nakamoto
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesShares of KindlyMD skyrocketed 600% Monday after the healthcare company announced a merger with Nakamoto Holdings, a bitcoin investment company...
UK AI copyright shakeup has Elton John, Dua Lipa fighting back
Sir Elton John (right) performs at the Verizon Center in Washington, D.C.Kyle Gustafson | For The Washington Post | Getty ImagesCelebrity musicians from Elton John to Dua Lipa are urging the U.K. government to rethink controversial plans to reform copyright laws that...
Global chip and tech stocks rally as U.S. and China agree tariff cut
HANGZHOU, CHINA - JUNE 3, 2024 - The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia's stock market value exceeded $3 trillion, officially surpassing Apple's market value and...
Trump’s crypto agenda threatened by his pursuits of personal profits
U.S. President Donald Trump looks on as he gives remarks outside the West Wing at the White House in Washington, D.C., U.S., May 8, 2025. Kent Nishimura | ReutersPresident Donald Trump is standing in his own way when it comes to passing crypto legislation.Lawmakers...
Virtual chronic care company Omada Health files for IPO
Omada Health smart devices in use.Courtesy: Omada HealthVirtual care company Omada Health filed for an IPO on Friday, the latest digital health company that's signaled its intent to hit the public markets despite a turbulent economy. Founded in 2012, Omada offers...
Google to pay Texas $1.4 billion in data privacy settlement
A Google corporate logo hangs above the entrance to the company's office at St. John's Terminal in New York City on March 11, 2025.Gary Hershorn | Corbis News | Getty ImagesGoogle agreed to pay nearly $1.4 billion to the state of Texas to settle allegations of...
Google search remedies trial wraps
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesTestimony in Google's search remedies trial that wrapped hearings Friday shows how the company is calculating possible changes proposed...
Affirm drops 13% on weak forecast, skepticism of CEO’s bet on 0% loans
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares plunged on...
Rippling valued at $16.8 billion in $450 million funding round
From left, Parker Conrad, co-founder and CEO of Rippling, and Kleiner Perkins investor Ilya Fushman speak at the venture firm's Fellows Founders Summit in San Francisco in September 2022.RipplingHuman resources software startup Rippling said Friday that its valuation...
Fortnite applies to launch on Apple’s App Store after Epic Games court win
Jakub Porzycki | Nurphoto | Getty ImagesEpic Games said on Friday that it had submitted Fortnite to Apple's App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.Fortnite was booted from iPhones and Apple's App Store in 2020, after...
Bitcoin holds above $100,000 while ether rockets to its best week since 2021
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesCryptocurrencies extended their rally to end the week, with bitcoin holding steady above the $100,000...
Tech’s strong ad sales are starting to crack from Trump’s trade war
Vincent Feuray | Afp | Getty ImagesThe digital advertising market was sunny enough for investors this past quarter, providing what could be a last hurrah before a looming economic storm from President Donald Trump's tariff onslaught.Wall Street cheered the...
Lyft CEO says no signs of worry in the consumer
Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Kylie Cooper | ReutersLyft shares climbed 20% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross bookings.During an interview with...
Amazon Is going after Google and Microsoft in quantum computing
Another major player has entered the quantum-computing race: Amazon. The tech giant is the latest to make waves in the field with the February announcement of Ocelot, its own quantum chip. Amazon joins fierce competition from familiar rivals in cloud computing as...
Palantir joins top 10 most valuable tech companies, stock at premium
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024.David Paul Morris | Bloomberg | Getty ImagesThere's a new member in the list of the top 10 U.S. technology companies...
Lyft Q1 earnings report 2025
Lyft signage on a vehicle in New York, US, on Tuesday, Feb. 6, 2024.Shelby Knowles | Bloomberg | Getty ImagesLyft shares jumped 7% after the company boosted its share buyback plan to $750 million in its first quarter earnings report.Shares were as high as 10%...
Celsius CEO Alex Mashinsky sentenced to 12 years in crypto fraud case
Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025.Yuki Iwamura | Bloomberg | Getty ImagesAlexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on...
Pinterest Q1 earnings report 2025
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected...
Affirm (AFRM) earnings report Q3 2025
Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts' estimates even as profit for the prior quarter was better than expected. The stock fell 8% in extended trading on Thursday.Here's how the company...
Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesShares of Semiconductor Manufacturing International Corporation, China's...
Theranos founder Elizabeth Holmes loses appeal rehearing bid
Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, May 30, 2023.Go Nakamura | ReutersFormer Theranos CEO Elizabeth Holmes on Thursday...
Amazon adds pet prescriptions to its online pharmacy
Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gado | Getty ImagesAmazon is expanding its online pharmacy to fill prescription pet medications, the company announced...
Shopify (SHOP) earnings Q1 2025
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018.Chris Wattie | ReutersShares of Shopify dipped more than 5% in early trading Thursday after the company posted mixed first-quarter results and issued soft guidance for...
Coinbase acquires crypto derivatives exchange Deribit for $2.9 billion
The Coinbase logo is displayed on a smartphone with stock market percentages on the background.Omar Marques | SOPA Images | Lightrocket | Getty ImagesCoinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest...
Whoop launches new wearables Whoop 5.0 and Whoop MG
Whoop member wears the new device.Courtesy of WhoopWhoop on Thursday announced two new wearable devices, Whoop 5.0 and Whoop MG, which feature sleeker hardware, a longer battery life and additional in-app health insights. Both of the company's new devices are designed...
FTX claims against Steph Curry, Tom Brady, other celebs dismissed
Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty ImagesA Florida federal judge has...
StanChart analyst apologizes $120K bitcoin price call ‘too low’
Vcg | Visual China Group | Getty ImagesA Standard Chartered analyst who predicted bitcoin hitting $120,000 by the second quarter now says his price call is "too low.""I apologise that my USD120k Q2 target may be too low," Geoffrey Kendrick, head of digital assets at...
Arm (ARM) Q1 earnings reports 2025
Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company's logo on it, during an event in which Malaysia's Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5,...
AppLovin shares pop on earnings beat, mobile gaming business sale
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.Here's how the company did...
Trump crypto advisor David Bailey $300 million bitcoin investment co
Vcg | Visual China Group | Getty ImagesDavid Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.The deal, which has been in the...
Nvidia shares rise as Trump prepares to end chip export restrictions
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025.Jim Watson | AFP | Getty ImagesNvidia shares rose on Wednesday as the Trump administration prepared to rescind...
Apple says Epic Games contempt ruling could cost ‘substantial sums’
An Apple store in Walnut Creek, California, U.S., on April 30, 2025.Paul Morris | Bloomberg | Getty ImagesApple is asking a court to pause a recent decision in its case against Epic Games and allow the iPhone maker to once again charge a commission on in-app...
Nintendo forecasts sales of 15 million units for Switch 2 console
Attendees walk past an advertising board during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | ReutersNintendo said Thursday that it expects to sell 15 million...
Figma launches premium Figma Make ‘vibe-coding’ AI software designer
From left, Steven Levy, Wired editor at large, and Dylan Field, co-founder and CEO of Figma, speak onstage at Wired's The Big Interview event in San Francisco on Dec. 3, 2024.Kimberly White | Wired | Getty ImagesDesign software startup Figma on Wednesday debuted an...
Democrats push back against Trump’s growing crypto empire
Jonathan Raa | Nurphoto | Getty ImagesDemocrats turned up the pressure on President Donald Trump's cryptocurrency ventures this week and the fortune that he and his family are making off the efforts as a vote rolls forward on a key crypto bill.Thursday's vote on the...
Alphabet shares sink on report Apple may add AI search to its browser
Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. David Paul Morris | Bloomberg | Getty ImagesAlphabet and...
AMD CEO Lisa Su warns against strict U.S. chip controls
Advanced Micro Devices CEO Lisa Su said China is a "large opportunity" market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world's second-largest economy."There should be a balance between...
NBA’s Russell Westbrook launches AI-enabled funeral planning startup
Russell Westbrook, #4 of the Denver Nuggets, dribbles the ball during the game against the Oklahoma City Thunder during Round 2, Game 1 of the 2025 NBA Playoffs at Paycom Center in Oklahoma City, Oklahoma, on May 5, 2025.Zach Beeker | National Basketball Association |...
Electronic Arts (EA) Q4 earnings fiscal 2025
Visitors play the EA Sports FC 25 game in front of a placard with England's midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany, on Aug. 21, 2024.Ina Fassbender | AFP | Getty...
764,000 crypto wallets lost money, Chainalysis says
About 764,000 wallets that purchased President Donald Trump's $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.Most of the wallets that lost money held smaller amounts of the token,...
Trump’s CFPB drops enforcement of BNPL as consumer protections decline
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesFor the third time under President Donald Trump, the Consumer Financial Protection Bureau has pulled...
Uber (UBER) Q1 2025 earnings
Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | ReutersUber reported first-quarter results Wednesday that beat analysts' expectations for earnings, but fell shy of...
SpaceX gets FAA permission for fivefold increase in launches in Texas
The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company's Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025. Joe Skipper | ReutersSpaceX has been granted...
Trump tariffs and China export curbs cast cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesUncertainty — that was the theme during earnings season for the world's biggest semiconductor firms which are unclear on demand for their products as a result of...
AMD earnings report Q1 2025
Advanced Micro Devices reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current-quarter revenue.Shares of AMD were up 4% in extended trading before receding to fall less than 1% after the company discussed...
Super Micro (SMCI) Q3 2025 earnings report
Charles Liang, CEO of Super Micro, speaks at the HumanX AI conference in Las Vegas on March 10, 2025.Big Event Media | HumanX Conference | Getty ImagesSuper Micro issued disappointing guidance on Tuesday, a week after the server maker provided preliminary results for...
Uber CEO says changing employee benefits ‘is a risk we decided to take’
Uber CEO, Dara Khosrowshahi speaks during the "Intentional Equity in Sustainability" conversation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesUber CEO...
Seagate to triple hard drive capacity by 2030 to meet AI demand
Seagate Technology's headquarters in Scotts Valley, California.Tony Avelar | Bloomberg | Getty ImagesData storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the...
Meet Amazon’s robot, Vulcan, the first with a sense of touch
There's a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany.CNBC got an exclusive first look at Vulcan in April, as it stowed...
Amazon’s Zoox issues software recall after recent Las Vegas crash
A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty ImagesAmazon's Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.The...
Uber buys 85% stake in Turkish food delivery platform for $700 million
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California.Mario Tama | Getty ImagesUber will acquire an 85% stake in Turkish food delivery platform...
Palantir falls 12% as analysts raise international growth concerns
Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025. Brendan Smialowski | Afp | Getty ImagesPalantir shares dropped more than 10% Tuesday even after the data...
Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.Carlo Allegri | ReutersDoordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that...
Takeaways from Palantir CEO Alex Karp’s shareholder letter
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp offered up another...
Hims & Hers (HIMS) Q1 earnings 2025
Shares of Hims & Hers Health fell in extended trading on Monday after the company reported first-quarter earnings that beat analysts' expectations but offered weaker-than-expected guidance.Here's how the company did based on average analysts' estimates compiled by...
Palantir (PLTR) Q1 earnings report 2025
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesPalantir boosted its revenue guidance Monday and reported earnings that...
Hinge Health says revenue increased 50% in first quarter — still no price range for IPO
Hinge Health's TrueMotion feature.Courtesy: Hinge HealthHinge Health on Monday updated its prospectus to include the results from its first quarter, which showed accelerating revenue growth over its fourth quarter.The digital physical therapy startup filed to go...
SpaceX employees were elected to run new company town Starbase, Texas
The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship's Super Heavy Booster to the launch site.Sergio Flores | Afp | Getty ImagesOver the...
DoorDash to acquire UK food delivery firm Deliveroo for $3.9 billion
A Deliveroo rider near Victoria station in London, England, on March 31, 2021.Dan Kitwood | Getty ImagesLONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion...
Temu, Shein face big U.S. tariffs. Don’t count them out, experts say
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty ImagesThe closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein's business model in the United States. And yet the...
Waymo to double robotaxi production at Arizona plant by end of 2026
A Waymo self-driving vehicle seen in Phoenix, Arizona on Feb. 27, 2025. Leslie Josephs | CNBCAlphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the...
Function Health buys full-body scanning company Ezra
Jonathan Swerdlin, co-founder and CEO of Function Health.Courtesy of Function Health.Blood testing startup Function Health on Monday announced the acquisition of full-body MRI scanning company Ezra and launched a new, 22-minute scan for $499. Function offers a $499...
Hims & Hers brings former Amazon executive into C-suite
Bringing nearly 20 years of global experience at Amazon, Nader Kabbani is joining the executive leadership team to help the company further innovate on the delivery of affordable, seamless personalized care in the U.S. and globally.Courtesy: Hims & HersHims &...
Trump set to raise millions from crypto and memecoin this month
Jonathan Raa | Nurphoto | Getty ImagesPresident Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires. Both are poised to help him rake in millions.The first event, a...
Hinge Health unlikely path to IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right).Courtesy of Hinge HealthAt digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the "Cockroach Award," a distinction that brought with...
NASA $6 billion budget cut, acting administrator sees ‘tough choices’
The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX.A copy of the...
Temu halts shipments direct from China as de minimis tariff rule ends
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBargain Chinese retailer Temu changed its business model in the U.S. as the Trump administration's new rules on...
Uber inks robotaxi deal with Momenta to launch service in Europe 2026
A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022.David Swanson | ReutersUber said on Friday that it's partnering with Chinese self-driving startup Momenta to launch robotaxi services...
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times' annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesAmazon founder Jeff...
Where Apple and Amazon are starting to feel the pinch
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesA tale of two different...
Google advertising antitrust remedies trial set for Sept. 22, judge says
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including...
Block plunges 20% as Cash App miss triggers downgrades
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.The first-quarter earnings miss rattled Wall Street, prompting...
Amazon’s ad business grew 19% in first quarter, topping estimates
A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025.Yves Herman | ReutersAmazon reported a 19%...
Apple clears Spotify app update that allows purchases
Daniel Ek, co-founder and chief executive officer of Spotify Technology SA, during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty ImagesSpotify on Friday said Apple has...
Airbnb (ABNB) Q1 earnings report 2025
Airbnb CEO Brian Chesky appears at "The Game Plan: Strategies for Entrepreneurs" at Airbnb Open in Los Angeles on Nov. 19, 2016.Kurt Krieger - Corbis | Getty Images Entertainment | Getty ImagesAirbnb reported results for the first quarter that were mostly in line with...
Amazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty ImagesAmazon CEO Andy Jassy looked to reassure investors on...
Tether eyes U.S. expansion with new stablecoin as CEO courts Washington
DUBAI, United Arab Emirates — Tether, the world's largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation.In an interview with CNBC this week, Tether CEO...
Ireland fines TikTok €530 million for sending EU user data to China
The TikTok logo is seen outside the Chinese video app company's Los Angeles offices on April 4, 2025 in Culver City, California.Robyn Beck | AFP via Getty ImagesTikTok has been fined 530 million euros ($601.3 million) by Ireland's privacy regulator for sending user...
China’s Xpeng delivered over 30,000 vehicles for sixth straight month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty ImagesChinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering...
Reddit Q1 earnings report 2025
Reddit reported first-quarter revenue on Thursday that beat Wall Street expectations, and issued better-than-expected guidance.The stock initially soared by as much as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and...
AWS Q1 earnings report 2025
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon's cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss.Revenue at Amazon Web Services...
Nvidia CEO Jensen Huang gets first salary raise in a decade
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he's getting his...
Venmo gaining ground in payments as Cash App struggles
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast...
Apple has managed tariffs so far, but Cook lacks long-term answers
Apple CEO Tim Cook, after nearly a month of anticipation from investors, on Thursday finally revealed how Apple was navigating the Trump administration's tariffs.The company only saw a "limited impact" on tariffs between January and the end of March, Cook told...
Block (XYZ) earnings Q1 2025
Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 56...
Apple (AAPL) earnings report Q2 2025
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple reports fiscal second-quarter earnings Thursday...
Amazon (AMZN) Q1 earnings report 2025
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, Feb. 26, 2025.Brendan McDermid | ReutersAmazon is slated to announce its first-quarter earnings after the market close on Thursday.Here's what analysts are looking for:Earnings per...
Microsoft raises prices of Xbox video game consoles and controllers
Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft said Thursday that it has increased the recommended retail prices of...
Microsoft pops 9% after earnings beat, on pace for best day in 5 years
Satya Nadella, CEO of Microsoft, speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCMicrosoft shares popped 9% Thursday after the software giant issued strong guidance, and robust cloud growth...
Nvidia and Anthropic clash over U.S. AI chip restrictions on China
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesNvidia blasted Anthropic Thursday in a rare public...
Meta Platforms jumps 6% on earnings beat, advertising resilience
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta Platforms shares jumped more than 6% Thursday after the company topped earnings expectations and showed advertising...
Teladoc buys mental health company UpLift to help boost BetterHelp
Teladoc Health Inc. signage on the floor of the New York Stock Exchange on Dec. 31, 2024.Michael Nagle | Bloomberg | Getty ImagesVirtual care provider Teladoc Health, which has seen its market value plummet over the past five years, said Wednesday that it acquired...
Amazon to spend $4 billion on small town delivery expansion
Trucks travel through a flooded road while exiting from an Amazon delivery station in Carlstadt, New Jersey, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty ImagesAmazon said Wednesday it plans to spend roughly $4 billion by the end of 2026 on expanding...
Trump rewrites crypto rules first 100 days, industry sees ‘180 pivot’
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesAs President Donald Trump hit the 100-day mark this week for his second term in office, his approval numbers were lower than for any administration...
Epic Systems expands EHR market share lead over Oracle Health
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the biggest electronic health records (EHR) vendor, notched its largest ever net gain in hospital market share on record in 2024, widening its lead over rival...
Meta’s Reality Labs posts $4.2 billion loss in first quarter
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | ReutersMeta is continuing to sink billions of dollars a...
Qualcomm (QCOM) earnings report Q2 2025
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that...
Court finds Apple, executive lied under oath in Epic Games trial
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018.Lucas Jackson | ReutersApple willfully violated a 2021 injunction that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing...
Meta says China retailers are reducing digital ad spend
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | AFP | Getty ImagesChinese online retailers have cut back their spending on Facebook and Instagram ads in...
Microsoft passed its first test on U.S. tariffs with limited exposure
Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers...
Tesla shares fall on report that company’s board seeks new CEO to replace Elon Musk
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | ReutersShares...
Nvidia CEO Jensen Huang says China ‘not behind’ in AI
Nvidia CEO Jensen Huang said Wednesday that China is "not behind" in artificial intelligence, and that Huawei is "one of the most formidable technology companies in the world."Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be...
Trump-Bezos call sets stage for tense earnings report from Amazon
Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in...
Meta Q1 earnings report 2025
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is set to report its first-quarter earnings on Wednesday, and investors will be looking for any signs...
Microsoft (MSFT) Q3 earnings report 2025
Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025.David RyderMicrosoft is set to report fiscal third-quarter results after market close on...
GE HealthCare beats earnings, slashes outlook due to tariffs
GE HealthCare reported better-than-expected first-quarter results on Wednesday, but the company slashed its annual forecast to account for the impact of President Donald Trump's far-reaching reciprocal tariff policy.Shares of GE HealthCare were up 3% Wednesday.Here's...
Wall Street is anticipating Tim Cook’s first comments on tariffs
Apple CEO Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, on Sept. 9, 2024.Manuel Orbegozo | ReutersThe most anticipated part of Apple's Thursday earnings won't be iPhone sales or Mac forecasts – it'll be CEO...
Snap sinks 15% after withholding guidance, citing ad concerns
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap shares fell more than 15% Wednesday after the social media...
Etsy earnings Q1 2025
Gabby Jones | Bloomberg | Getty ImagesEtsy shares jumped in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter.Here's how the company did:Revenue: $651.2 million vs. $643 million, according to LSEGLoss: Loss per...
Super Micro shares dive after server maker issues weak preliminary financials
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro shares plunged as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third...
Microsoft says it respects European laws as U.S.-EU tensions heat up
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025.Kacper Pempel | ReutersMicrosoft President Brad Smith says the U.S. tech giant is...
Snap Q1 earnings report 2025
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington in Washington, D.C., on April 23, 2025.Kayla Bartkowski | Getty ImagesSnap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance,...
Waymo, Toyota partner to bring self-driving tech to personal vehicles
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesAlphabet-owned Waymo and Toyota on Tuesday announced a preliminary partnership to...
Satya Nadella says as much as 30% of Microsoft code is written by AI
Facebook's CEO Mark Zuckerberg (L) speaks with Microsoft's CEO Satya Nadella after posing for a family picture with guests who attend the "Tech for Good" Summit at the Elysee Palace in Paris, on May 23, 2018.Charles Platiau | AFP | Getty ImagesMicrosoft CEO Satya...
UK risks losing ground to rival fintech and crypto hubs, execs say
Workers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025. Bloomberg | Bloomberg | Getty ImagesLONDON — Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn't address...
Samsung flags uncertain economic climate after smartphone, chip sales power quarterly results beat
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as sales of its flagship smartphones as well as...
Why Lennar is betting on Base, which is building home backup batteries
In a warming world with increasingly extreme weather events, homeowners are turning to backup batteries for relief and peace of mind. But the backup only lasts only so long, and there's a bigger problem at play: aging power grids.Enter the virtual power plant, managed...
SpaceX loses bid to control beach access near Texas launch facility
SpaceX's mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APAs SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site...
Shift4 surges 11% on earnings beat as fintech stocks pop
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021.Source: NYSEFintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector.Shift4 Payments and Upstart Holdings surged...
UK announces draft rules for crypto industry, US collaboration
Romain Costaseca | Afp | Getty ImagesLONDON — Britain on Tuesday published draft legislation for the cryptocurrency industry, touting greater collaboration with the U.S. as it looks to regulate the wild world of digital assets.Speaking at a fintech event Tuesday, U.K....
Meta launches standalone AI app to take on ChatGPT
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta Platforms is launching a stand-alone artificial intelligence app and going...
Amazon considers displaying tariff surcharge on low-cost Haul products
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon is considering showing a tariff surcharge on items sold via its...
Venmo revenue grows as PayPal’s monetization push gains traction
Justin Sullivan | Getty ImagesVenmo, long a centerpiece of PayPal's growth story but often criticized for its lack of monetization, is becoming a bigger contributor to the business.PayPal said Tuesday in its first-quarter earnings release that revenue at Venmo...
PayPal (PYPL) Q1 earnings
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty ImagesPayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and...
Microsoft says U.S. can’t risk losing quantum computer lead to China
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025.Kacper Pempel | ReutersThe U.S. cannot afford to fall behind China in the race to a...
NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down
Kurt Sievers, CEO of NXP Semiconductors, during the Federation of German Industries conference in Berlin, Germany, on June 19, 2023.Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesNXP Semiconductors fell about 7% on Monday after the chip company announced CEO Kurt...
Oracle engineers caused days-long software outage at U.S. hospitals
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Monday, Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle engineers mistakenly triggered a...
Amazon launches first Kuiper satellites in bid to take on Starlink
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S.,...
Uber raises in-office requirement to 3 days, claws back remote workers
Uber on Monday informed employees, including some who had been previously approved for remote work, that it will require them to come to the office three days a week, CNBC has learned. "Even as the external environment remains dynamic, we're on solid footing, with a...
Alibaba Qwen3 AI series — China’s latest open-source AI breakthrough
Qwen3 is Alibaba's debut into so-called "hybrid reasoning models," which it says combines traditional LLM capabilities with "advanced, dynamic reasoning."Sopa Images | Lightrocket | Getty ImagesAlibaba released the next generation of its open-sourced large language...
Google increased CEO Sundar Pichai’s security costs by 22% in 2024
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Mandel Ngan | AFP | Getty...
Palantir is soaring while its tech peers are sinking. Here’s why
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesTech stocks have struggled in 2025, as recession and trade war fears sap...
Spotify paid over $100M to podcasts, including Joe Rogan, Alex Cooper
Pavlo Gonchar | Lightrocket | Getty ImagesSpotify said Monday it paid more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025.The figure includes all creators on the platform across all formats and agreements, including the...
Palo Alto Networks to buy Protect AI to boost artificial intelligence tools
Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks announced on Monday its intent to acquire Protect AI, a startup specializing in securing artificial intelligence and...
Atlassian, Snowflake and Workday all bet on identity startup Veza
From left, Veza founders Rob Whitcher, Tarun Thakur and Maohua Lu.VezaTech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments in artificial intelligence startups like OpenAI and Anthropic.But when it...
IBM to boost U.S. computer manufacturing with $150 billion spend
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty...
Fintech earnings focus concerns on tariffs, PayPal, Block, Affirm
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | ReutersPayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings...
Meta’s AI spending comes into focus amid Trump’s tariff policies
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | ReutersMark Zuckerberg's plan is to make Meta the market leader in artificial...
How TikTok’s rise sparked a short-form video race
TikTok's grip on the short-form video market is tightening, and the world's biggest tech platforms are racing to catch up.Since launching globally in 2016, ByteDance-owned TikTok has amassed over 1.12 billion monthly active users worldwide, according to Backlinko....
Trump meme coin insiders to wait additional 90 days before selling
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Justin Chin | Bloomberg | Getty...
Trump’s memecoin dinner contest earns insiders $900,000 in two days
WASHINGTON – President Donald Trump and his allies have raked in nearly $900,000 in trading fees over the past two days from the president's $TRUMP cryptocurrency token, according to Chainalysis, a blockchain data company. The surge came after a Wednesday announcement...
Elon Musk’s xAI Holdings in talks to raise $20 billion
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesElon Musk's xAI Holdings is in discussions with investors to raise about...
Trump dinner for meme coin prompts senators to demand ethics probe
Jonathan Raa | Nurphoto | Getty ImagesWASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump's private dinner with holders of his meme coin may constitute "pay to play" corruption, and are calling for an ethics investigation.The...
SEC Chair Atkins says crypto innovation ‘been stifled’ at roundtable
Chairman of the Securities and Exchange Commission (SEC) Paul Atkins looks on during his swearing-in ceremony, at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | ReutersWASHINGTON — SEC Chair Paul Atkins said on Friday that innovation in...
California is overhauling its autonomous vehicle regulations
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesNew rules for testing and deployment of...
Alphabet jumps 3% as search, advertising units show resilience
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet's stock gained 3% Friday after signaling strong growth in its search and advertising businesses...
Amazon sellers hike prices of goods after Trump’s China tariffs
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesFor 10 years, Aaron Cordovez has been selling...
Meta lays off employees working on VR in Reality Labs division
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta has laid off employees in its Reality Labs...
Waymo reports 250,000 paid robotaxi rides per week in U.S.
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersAlphabet reported Thursday that Waymo, its autonomous vehicle unit, is now delivering more than 250,000 paid robotaxi rides per week in...
Intel CFO says tariffs raise chance for economic slowdown, recession
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty ImagesIntel CFO David Zinsner said President Donald Trump's tariffs and...
Alphabet expects ‘slight headwind’ to ads business in 2025, execs say
President Donald Trump's trade policies will have a negative impact on Google parent Alphabet's core advertising business, an executive from the company said Thursday.Alphabet, which reported stronger-than-expected revenue in its first quarter of the year, faces an...
Intel (INTC) Q1 2025 earnings report
Intel Corporation's headquarters in Santa Clara, California, April 23, 2025.David Paul Morris | Bloomberg | Getty ImagesIntel reported first-quarter results Thursday that beat analysts' estimates, while issuing disappointing guidance and announcing plans to slash...
Pony.ai teams up with Tencent for robotaxi services on WeChat, other apps
A Pony.ai autonomous car.Pony.aiChinese start-up Pony.ai said Friday it will develop autonomous driving technology in partnership with Tencent Cloud and deploy robotaxi services on tech giant Tencent's WeChat and other applications.The Nasdaq-listed company which...
Alphabet Q1 earnings report 2025
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here's what analysts are expecting.Revenue: $89.2 billion, according to LSEGEarnings per share: $2.02, according to LSEGYouTube advertising...
ServiceNow shares pop 15% on strong earnings, upbeat guidance
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Brendan Mcdermid | ReutersServiceNow shares surged 15% on stronger-than-expected first-quarter...
South Korea says DeepSeek transferred user data to China, U.S. without consent
Jaap Arriens | Nurphoto | Getty ImagesSouth Korea's data protection authority has concluded that Chinese artificial intelligence startup DeepSeek collected personal information from local users and transferred it overseas without their permission.The authority, the...
Trump coin surges 50% after president promises dinner with top holders
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesThe $TRUMP...
Google teams are including remote workers in their cuts
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024.Carlos Barria | ReutersFive years removed from the onset of the...
Adobe plans mobile app for Firefly AI image generator to rival OpenAI
Adobe's new artificial intelligence image models, Firefly Image Model 4 and Firefly Image Model 4 Ultra, can generate hyper-realistic pictures in response to user prompts.AdobeLONDON — Adobe plans to launch a mobile version of its artificial intelligence image...
IBM Q1 earnings report 2025
IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue increased 0.6% in the quarter from...
Nvidia supplier SK Hynix quarterly earnings top estimates
Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty ImagesSouth Korea's SK Hynix on Thursday topped quarterly revenue and operating profit estimates, as demand for its high bandwidth memory offerings used in artificial...
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019.Pedro Nunes | ReutersLONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company as it readies...
Discord names new CEO ahead of potential IPO as co-founder steps down
Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021.Dado Ruvic | ReutersDiscord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday.Citron will...
PayPal introduces 3.7% yield on stablecoin balances to boost payments activity
Close up of a woman's hand paying with her smartphone in a cafe, scan and pay a bill on a card machine making a quick and easy contactless payment. D3sign | Moment | Getty ImagesPayPal and Venmo users will soon be able to earn yield on their stablecoin holdings, the...
Meta makes ads on Threads available to all eligible advertisers
This photo illustration created in Washington, DC, on July 6, 2023, shows the logo for Threads, an Instagram app, reflected in its opening page. Stefani Reynolds | AFP | Getty ImagesMeta has opened up its Threads microblogging service to all advertisers.The social...
Elon Musk on robotaxi, Optimus, tariffs, energy and Tesla’s future
Elon Musk steps off Air Force One upon arrival at Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. US President Donald Trump will be spending the weekend at Trump National Golf Club in Bedminster, New Jersey. Brendan Smialowski | Afp | Getty...
Tesla stock pops after Trump comments on China tariffs, Powell
US President Donald Trump and Tesla CEO Elon Musk, alongside Musk's son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla shares popped...
Apple AI ads went too far, watchdog says
Apple iPhone 16s lined upAn advertising watchdog said Tuesday that Apple went too far with marketing that touted the availability of Apple Intelligence features that weren't released when the ads were broadcast.The National Advertising Division, a non-profit focused...
YouTube turns 20, on track to be the biggest media company by revenue
Nurphoto | Nurphoto | Getty ImagesTwenty years ago today when Jawed Karim uploaded a grainy 19-second clip titled "Me at the Zoo" to his new platform, YouTube, he ushered in a new era in online video.The video of Karim visiting the San Diego Zoo was the first to...
EU fines Meta and Apple for breaching digital antitrust rules
Facebook and Instagram icons are seen displayed on an iPhone.Jakub Porzycki | Nurphoto | Getty ImagesThe European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc's digital competition laws.The European Commission,...
Tesla CEO Musk says time he spends on DOGE will drop in May
Elon Musk, CEO of Tesla Inc., in the Oval Office of the White House in Washington, D.C., on Feb. 11, 2025.Aaron Schwartz | Bloomberg | Getty ImagesTesla CEO Elon Musk began his company's earnings call on Tuesday by saying that his time spent running President Donald...
What Elon Musk said about tariffs and their potential effect on Tesla
U.S. President Donald Trump talks to the media, next to Tesla CEO Elon Musk with his son X Æ A-12, at the White House in Washington, D.C., U.S., March 11, 2025. Kevin Lamarque | ReutersElon Musk said on Tuesday that he doesn't like high or unpredictable tariffs, but...
Tesla ‘carefully’ working on India entry amid tariff concerns: CFO Vaibhav Taneja
Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty ImagesTesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said on Tuesday in the U.S., as the electric...
Tesla’s Optimus hit by China’s rare earth restrictions, says Musk
An Optimus bot from Tesla on display during the 2024 World AI Conference & High-Level Meeting on Global AI Governance at the Shanghai World Expo Exhibition and Convention Center on July 7, 2024.Anadolu | Anadolu | Getty ImagesTesla CEO Elon Musk says China's new...
Meta could take a $7 billion hit this year because of Trump’s tough China tariffs
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | AFP | Getty ImagesMeta's core online advertising business could take a $7 billion hit this year due to...
Tesla short sellers have made $11.5 billion from this year’s selloff
It's been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company's stock price.Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The...
Instagram launches Edits app for video, rivaling TikTok
Instagram Edits app.Courtesy: InstagramInstagram on Tuesday launched its standalone Edits video creation app that offers features similar to those already available from TikTok parent Bytedance.The new app allows creators to organize project ideas, shoot and edit...
Tesla (TSLA) earnings report Q1 2025
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos...
Tesla shares tumble ahead of first-quarter earnings report
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025.Win McNamee | Getty ImagesTesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as...
China’s CATL claims to beat BYD’s EV battery record with longer range on a 5-minute charge
Signage for Contemporary Amperex Technology Co. (CATL) displayed during the company's Tech Day event in Shanghai, China, on Monday, April 21, 2025. Bloomberg | Bloomberg | Getty ImagesChina's CATL, the world's largest supplier of EV batteries, announced a set of new...
Google argues DOJ breakup could hurt U.S. economy in battle with China
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAs Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company...
Amazon has paused some data center lease commitments: Wells Fargo
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Michael Nagle/Bloomberg via...
FTC sues Uber, says company charged for Uber One without consent
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California.Mario Tama | Getty ImagesThe Federal Trade Commission on Monday sued Uber, alleging the...
Musk looking to put ‘proper value’ on xAI
Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersElon Musk is looking to put "proper value" on his artificial intelligence startup xAI, sources told CNBC's David Faber.The comments came...
Tesla and Alphabet facing tariff uncertainty
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the...
Meet Partiful, the Gen Z party-planning staple that’s taking on Apple
Partiful's CEO, Shreya Murthy, and CTO, Joy TaoCourtesy: PartifulWhen Shreya Murthy and Joy Tao decided to launch a party-planning startup in 2020, they settled on a business goal of "bringing people together in person."The Covid-19 pandemic demanded the exact...
Nintendo Switch 2 retail preorder to begin April 24 following tariff delays
An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes |...
How quantum computing could supercharge Google’s AI ambitions
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company's most ambitious bets yet. They're attempting to develop the world's most advanced quantum computers."In the future, quantum and AI, they could...
Google hit with second antitrust blow, adding to concerns about ads
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC.Alex Wong | Getty ImagesGoogle's antitrust woes are continuing to mount, just as the company tries to brace for a future...
Discord sued by New Jersey over child safety features
Jason Citron, CEO of Discord in Washington, DC, on January 31, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesThe New Jersey attorney general sued Discord on Thursday, alleging that the company misled consumers about child safety features on the gaming-centric...
Etsy touts ‘shopping domestically’ as Trump tariffs mean price hikes
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of...
Global Payments shares plunge 17% on $24 billion Worldpay deal
The Global Payments Company logo seen displayed on a smartphone.Igor Golovniov | LightRocket | Getty ImagesGlobal Payments shares tumbled 17% on Thursday after the company said it's buying Worldpay for more than $24 billion while simultaneously selling its Issuer...
Brain implant cleared by FDA for Musk Neuralink rival Precision
Array from Precision Neuroscience.Source: Precision NeuroscienceNeurotech startup Precision Neuroscience on Thursday announced that a core component of its brain implant system has been approved by the U.S. Food and Drug Administration, a major win for the...
Judge finds Google holds illegal online ad tech monopolies
Alphabet's Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S.U.S. District Judge Leonie Brinkema in Alexandria, Virginia, ruled...
23andMe bankruptcy under congressional investigation for customer data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty ImagesThe House Committee on Energy and Commerce is investigating 23andMe's decision to file for Chapter 11 bankruptcy protection and has...
TSMC denies it’s talking to Intel about chipmaking joint venture
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty ImagesTaiwan...
Nvidia follows export laws ‘to the letter’ after China chip sales end
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty ImagesA day after Nvidia...
Former CISA chief Krebs leaves SentinelOne after Trump exec order
Former Cybersecurity and Infrastructure Security Agency Director Chris Krebs testifies before a Senate Homeland Security and Governmental Affairs hearing to examine claims of voter irregularities in the 2020 election, in the Dirksen Senate Office Building, in...
TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth
Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Hsinchu, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat profit expectations for the first quarter, thanks to a continued surge in...
Temu cuts U.S. ad spend, drops in App Store rank after Trump tariffs
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesChinese online retailer Temu, whose "Shop like a billionaire"...
Spotify restores service after Wednesday outage
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify was down Wednesday, with about 50,000 reports of an outage on DownDetector.The company posted an all-clear to Twitter just after...
AMD expects $800 million hit from U.S. chip restrictions on China
Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.Benoit Tessier | ReutersShares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800...
Chip stocks fall as Nvidia, AMD warn of China export control costs
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025.Brittany Hosea-small | ReutersTechnology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector...
Lyft to buy taxi app Free Now for $200 million to expand into Europe
Lyft logo is seen in this illustration taken June 27, 2022.Dado Ruvic | ReutersU.S. ride-hailing firm Lyft on Wednesday announced that it's buying European taxi app Free Now in a 175 million euro ($199 million) deal.The company said that the acquisition — Lyft's first...
Nvidia says it will record $5.5 billion charge for H20 GPUs to China
Nvidia CEO Jensen Huang delivers the keynote address during the Nvidia GTC 2025 at SAP Center on March 18, 2025 in San Jose, California. Justin Sullivan | Getty ImagesNvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting...
Figma confidentially files for IPO a year after ditching Adobe deal
Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024.Bloomberg | Bloomberg | Getty ImagesDesign software maker Figma said on Tuesday that it has...
Google sued for £5 billion in the UK for abusing dominance in search
The entrance to Google's U.K. offices in London.Olly Curtis | Future Publishing | via Getty ImagesLONDON — Google is being sued for over £5 billion ($6.6 billion) in potential damages in the U.K. over allegations that the U.S. tech giant abused its "near-total...
Japan’s antitrust watchdog issues Google ‘cease and desist’ order
An attendee takes a photograph using a Google Pixel 9 smartphone during the CP+ trade show in Yokohama, Japan on February 27, 2025. Tomohiro Ohsumi | Getty Images News | Getty ImagesThe Japan Fair Trade Commission (JFTC) on Tuesday issued a cease and desist order...
Chip equipment giant flags tariff uncertainty
Jaap Arriens | Nurphoto | Getty ImagesDutch semiconductor equipment giant ASML on Wednesday missed order expectations and said that uncertainty from new U.S. trade restrictions may affect demand for its critical chipmaking machines.Here's how ASML did versus LSEG...
Meta CEO Zuckerberg considered spinning off Instagram 2018: FTC trial
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom.During...
Amazon emails sellers to gauge how Trump’s tariffs impacting business
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is reaching out to third-party merchants, who account for...
HPE shares pop after activist Elliott Management takes $1.5 billion stake
Shares of Hewlett Packard Enterprise jumped nearly 5% after Elliott Investment Management took a more than $1.5 billion stake in the server maker, a person familiar with the matter told CNBC. The activist investor hopes to engage the company in discussions on how to...
U.S. is unable to replace rare earths supply from China, warns CSIS
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersAs China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall,...
Digital bank Bunq accelerates US expansion effort as profit jumps
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads."Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch digital bank Bunq on Tuesday said it's filed for...
Webull stock soars in second trading day after completing SPAC merger
Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | ReutersShares of Webull soared nearly 375% on Monday, the second day on the market for the...
Apple regains $3 trillion market cap after Trump exempts iPhone tariff
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple shares rose more than 2% on Monday, pushing the...
Adobe invests in AI video platform Synthesia
An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. David Becker | Getty ImagesLONDON — Adobe has invested in Synthesia, a British artificial intelligence startup, in a bet that the technology will...
South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
Visitors look at the display of SK Hynix Inc. 12-layer HBM3E memory chips at the Semiconductor Exhibition (SEDEX) in Seoul, South Korea, on Wednesday, Oct. 23, 2024. Bloomberg | Bloomberg | Getty ImagesSouth Korea announced Tuesday a support package of 33 trillion won...
U.S. discloses details on chips probe as it prepares new tariffs
William_potter | Istock | Getty ImagesThe U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream products, according to a Federal Register notice put online Monday. The official document...
Meta acquisitions were ‘buy-or-bury scheme’
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook "panicked" when making the acquisitions of Instagram and WhatsApp as smartphone use took off."It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that's the...
Sony raises PlayStation 5 prices in Europe, UK
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a "challenging economic environment" behind its move.In...
Apple, Google, Cash App alums ditch Big Tech to build on bitcoin
AUSTIN — On a Friday morning last spring, Mark Suman called out sick from his job as a senior engineering project manager at Apple and made his way downtown to a place called the Bitcoin Commons, a sort of clubhouse for enthusiasts of the world's largest...
Tokenization of the market coming if we fix one problem: BlackRock CEO
Bitwise Spot Bitcoin ETF (BITB) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 11, 2024, with trading commencing on the first US exchange-traded funds that invest directly in the biggest cryptocurrency.Bloomberg |...
Peter Thiel’s Founders Fund closes $4.6 billion growth fund
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesFounders Fund, the...
Meta adds former Trump advisor to its board
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men's NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025.Brendan Smialowski | Afp | Getty...
UnitedHealth makes doctors repay loans issued after Change cyberattack
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024.Kent Nishimura | Getty ImagesFollowing the massive cyberattack on UnitedHealth Group's Change Healthcare unit last year, the company launched a...
Apple may hike iPhone prices as Trump tariffs on China remain high
Apple is once again in the crosshairs of a global trade war. This time, the stakes may be even higher.On April 2, President Donald Trump signed a sweeping executive order instituting reciprocal tariffs on a wide range of imported goods, including those from China,...
Tech stocks head for winning week with Nvidia tracking for 15% gain
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | ReutersTechnology stocks were on pace for a winning week Friday on the heels of a...
Tariffs spell trouble for VCs amid Klarna, StubHub IPO delays
A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for...
Here’s how much a ‘Made in the USA’ iPhone would cost
Tim Cook, chief executive officer of Apple Inc., speaks during a "First Tool-In" ceremony at the TSMC facility under construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.Caitlin O'Hara | Bloomberg | Getty ImagesWhen President Barack Obama asked late Apple...
The blockbuster antitrust trial kicks off
This photo illustration created on January 7, 2025, in Washington, DC, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | Afp | Getty ImagesMeta will face off against the U.S. Federal Trade Commission on Monday in a...
Tesla shares retreat following sharpest rally since 2013
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla shares slumped on Thursday, reversing course a day after the electric...
Apple left without life raft amid Trump’s China trade war: Analysts
People shop at an Apple store in Grand Central Station in New York on April 4, 2025.Michael M. Santiago | Getty ImagesThough U.S. President Donald Trump's 90-day pause on many of his "reciprocal tariffs" has given some firms and investors respite, America's largest...
Trump tariffs mean higher prices, big losses for Amazon sellers
President Donald Trump's aggressive tariff policy on April 2 didn't just cause mayhem in the stock market. It sent Amazon sellers into a panic.Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up...
Fintech shares sink as stocks pull back from tariff pause rally
Gabby Jones | Bloomberg | Getty ImagesFintech's relief rally is already losing steam.Shares of Affirm, Toast, Bill.com, PayPal and other consumer-focused fintech firms turned lower Thursday.The retreat followed a powerful bounce Wednesday after President Donald Trump...
Apple drops 4% after notching best day since 1998
Apple shares declined more than 4% Thursday, giving back some of Wednesday's gains that pushed the iPhone maker to its best day since January 1998.The technology giant, down 13% so far this month and down 23% since the start of 2025, surged more than 15% Wednesday...
Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers
Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump's sweeping tariffs, but that its vast network of third-party sellers may "pass that cost on" to consumers."I understand why, I mean, depending on which country...
Amazon CEO Andy Jassy’s 2025 shareholder letter
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around AI, along with a more competitive chip market, will eventually bring down costs around the technology.Dear Shareholders:2024 was a strong year...
Dot-com bust, 1987 crash had relief rallies similar to Wednesday’s pop
The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty ImagesEvery bear market has days like this.The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest...
Google reverses policy telling workers not to discuss antitrust case
Alphabet CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk in Warsaw, Poland, on February 13, 2025.Klaudia Radecka | Nurphoto | Getty ImagesGoogle has reversed a policy forbidding employees from discussing its antitrust woes following a settlement with...
Apple has best day since 1998 on Trump’s 90-day tariff pause
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesApple shares skyrocketed 15% on Wednesday after President Donald Trump announced a 90-day pause...
PC shipments increased in first quarter, companies braced for tariffs
Dell, HP and Lenovo laptops on display at the Consumer Electronics Show 2025 in Las Vegas, on Jan. 8, 2025.Artur Widak | Nurphoto | Getty ImagesPersonal computer shipments rose in the first quarter of the year as companies sped up deliveries to gear up for incoming...
Amazon delays first Kuiper satellite launch due to bad weather
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Bitcoin to hit $250,000; Mag 7 adopt stablecoins: Charles Hoskinson
Bitcoin could hit $250,000 as early as this year with technology giants such as Microsoft and Apple entering the cryptocurrency space, industry veteran and founder of the Cardano blockchain Charles Hoskinson told CNBC.Crypto markets have been hammered amid a sell-off...
Affirm surges 20% as fintech rallies on tariff pause, but risk remains
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesThe fintech sector is rallying Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day...
Amazon Kuiper launches first satellites, takes on Elon Musk’s Starlink
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S.,...
Bitcoin surges more than 7% in broad market relief rally as Trump pauses some tariffs
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin spiked on Wednesday afternoon after President Donald Trump said on social media that he authorized a 90-day pause on tariffs.The price of the flagship cryptocurrency was last higher by more than 7% at $82,350.37,...
Apple bounces 3% after worst losing streak since 2000
CEO of Apple Tim Cook speaks at an event in 2022.Jerod Harris | Getty Images Entertainment | Getty ImagesApple shares rallied more than 3% Tuesday after the iPhone maker posted its worst four-day losing stretch since 2000.The rise came amid a broader rally in...
Plan to boost artificial intelligence industry
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act.Jaque Silva | Nurphoto | Getty ImagesThe European Union on Wednesday presented a plan to boost its artificial intelligence...
Apple slide puts Microsoft back on top as most valuable public company
Satya Nadella, CEO of Microsoft, laughs as he attends a session at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020.Denis Balibouse | ReutersApple's 23% plunge over the past four trading sessions has again turned Microsoft into the world's most...
Elon Musk steps up attacks on Navarro as Tesla shares slump fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump's top trade advisor, Peter Navarro.Musk, the world's richest person, started going after Navarro over the weekend, posting on X that a "PhD in econ from Harvard is a...
DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022.Kent Nishimura | Los Angeles Times | Getty ImagesThe U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government...
Digital health startup Transcarent completes $621M Accolade merger
Glen Tullman, chairman and chief executive officer at Livongo Health Inc., speaks during the 2015 Bloomberg Technology Conference in San Francisco, California, U.S., on Tuesday, June 16, 2015.David Paul Morris | Bloomberg | Getty ImagesDigital health startup...
Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 7%
Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders.Nvidia led the Magnificent Seven group's gains, rallying about 7%. Meta Platforms,...
Drone delivery startup Zipline expands to Texas with Walmart
A drone operator loads a Walmart package into Zipline's P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023.Bunee TomlinsonZipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones,...
Crypto firm Ripple to buy primer broker Hidden Road for $1.25 billion
Jakub Porzycki | Nurphoto | Getty ImagesRipple on Tuesday said that it's agreed to buy prime brokerage firm Hidden Road for $1.25 billion, in the crypto startup's biggest acquisition to date.Founded in 2018, Hidden Road offers clearing, prime brokerage and financing...
Apple iPhone price could jump $350 in U.S. on Trump tariffs: analyst
A customer checks Apple's latest iPhone 16 Plus (right) and Apple's latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on Sept. 26, 2024.Firdous Nazir | Nurphoto | Getty ImagesPresident Donald Trump's...
Apple’s 3-day loss in market cap swells to almost $640 billion
(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Saul Loeb | Afp |...
Elon Musk brother Kimbal says Trump tariffs permanent tax on consumers
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016.Patrick T. Fallon | Bloomberg | Getty ImagesElon Musk's younger brother, Kimbal, took to X on...
UK loses bid to keep Apple appeal against iPhone ‘backdoor’ a secret
Chief Executive of Apple, Tim Cook gives a thumb's up during a tour the Apple Headquarters on December 12, 2024 in London, England. Chris Jackson | Getty ImagesApple has triumphed over an effort from the U.K. government to keep details secret of its appeal against an...
Tech stocks fall as Trump stands by tariffs, selloff deepens
U.S. President Donald Trump's adviser Elon Musk reacts on the day of a rally in support of a conservative state Supreme Court candidate of an April 1 election in Green Bay, Wisconsin, U.S. March 30, 2025. Vincent Alban | ReutersTechnology stocks fell for a third...
Nintendo President on the new Switch 2, tariffs and what’s next
Nintendo on Wednesday unveiled details for the Switch 2. It'll include a bigger screen and controllers and is a faster version than its predecessor, which sold more than 150 million units since its 2017 release.The Switch 2 will hit store shelves on June 5 for...
TikTok stays on App Store Attorney General Pam Bondi
In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesApple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances...
Pennylane doubles valuation as Alphabet VC fund takes stake
Seksan Mongkhonkhamsao | Moment | Getty ImagesFrench accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.Pennylane told CNBC that it raised the fresh funds from a host of venture funds,...
For bitcoin bulls who self-custody crypto, the risks are growing
Whether to buy cryptocurrency as a long-term holding may be the biggest decision an investor interested in digital assets has to make, but where to store crypto can become the most consequential.Following the wildfires earlier this year in California, social media...
Tesla robotaxi deadline looms as political backlash builds over Musk
Elon Musk has been promising investors for about a decade that Tesla's cars are on the verge of turning into robotaxis, capable of driving themselves cross-country, after one big software update.That hasn't happened yet.What Tesla offers is a sophisticated, but only...
Silicon Valley return on Trump bet: Plunging valuations, delayed IPOs
The Nasdaq MarketSite in New York, June 9, 2023.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump's 2024 presidential run. The early returns in 2025 aren't great, to say...
Former Microsoft CEO Steve Ballmer on Trump tariffs: ‘Not good’
President Trump's new tariffs on goods that the U.S. imports from over 100 countries will have an effect on consumers, former Microsoft CEO Steve Ballmer told CNBC on Friday. Investors will feel the pain, too.Microsoft's stock dropped almost 6% in the past two days,...
Microsoft AI chief sees benefits to AI models that are months behind
Microsoft owns lots of Nvidia graphics processing units, but it isn't using them to develop state-of-the-art artificial intelligence models.There are good reasons for that position, Mustafa Suleyman, the company's CEO of AI, told CNBC's Steve Kovach in an interview on...
Applovin can offer TikTok ‘much stronger bid than others,’ CEO says
Piotr Swat | Lightrocket | Getty ImagesAppLovin CEO Adam Foroughi provided more clarity on the adtech company's late-stage bid to acquire TikTok, calling theirs a "much stronger bid than others" on CNBC's The Exchange Friday afternoon.Foroughi said the company is...
Affirm second-worst week on record on tariffs, Klarna delayed IPO
Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAffirm shares have plunged nearly 30% in the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump's sweeping tariff announcement on...
Trump’s tariff rates for other countries larger than World Trade data
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025.Chip Somodevilla | Getty ImagesPresident Donald Trump announced an aggressive, far-reaching "reciprocal tariff" policy this...
Trump extends TikTok deadline for the second time
Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok or face an effective ban in the country, marking the second time he has taken such action.Trump...
Nintendo delays Switch 2 pre-orders because of Trump tariffs
In this photo illustration, the logo of Nintendo Switch 2 is displayed on a smartphone screen on April 3, 2025 in Suqian, Jiangsu Province of China. Vcg | Visual China Group | Getty ImagesNintendo said on Friday that pre-orders for the company's hotly anticipated...
Technology stocks fall for a second session, led by Tesla and Nvidia
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTechnology stocks fell for a second day Friday as retaliatory...
Klarna, StubHub delay IPOs as Trump’s tariffs roil markets
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna and StubHub are delaying plans to go public after President Donald Trump's sweeping tariff announcement sent shockwaves through U.S. markets.The companies put...
Bitcoin rises slightly, holding at $83,000 as global trade war deepens stock market slide
Fernando Gutierrez-Juarez | Picture Alliance | Getty ImagesBitcoin held its head above water after China retaliated against President Donald Trump's tariffs, while stocks continued to crater following their worst day since 2020.The price of the flagship cryptocurrency...
Microsoft turns 50, future success built on ability to ‘win the new’
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesA half-century ago, childhood friends Bill Gates and Paul Allen started Microsoft from a strip...
Affirm, PayPal, fintechs plunge on concerns Trump tariffs hit consumer
The global market rout on Thursday, sparked by President Donald Trump's announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.Affirm, which offers buy now, pay...
Trump tariffs will impact Apple’s non-China supply chains
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesIn the past few years, Apple has...
AI could affect 40% of jobs, widen inequality between nations: UN
Artificial intelligence robot looking at futuristic digital data display.Yuichiro Chino | Moment | Getty ImagesArtificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology's benefits remain highly concentrated, according to...
Nvidia positioned to weather Trump tariffs, says Altimeter’s Gerstner
Altimeter Capital CEO Brad Gerstner said Thursday that he's moving out of the "bomb shelter" with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump's widespread tariffs. "The growth and the demand for...
YouTube announces Shorts editing features amid potential TikTok ban
Jaque Silva | Nurphoto | Getty ImagesYouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an...
Bitcoin-related startup deals rose in 2024: Trammell Venture Partners
Romain Costaseca | Afp | Getty ImagesAs crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups.The number of pre-seed transactions in the market climbed 50% in 2024, according to a report published Thursday from...
Tech stocks sink after Trump tariff rollout; Apple leads drop
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in...
Bitcoin slides to $81,000 as Trump tariffs jolt stock market
Harun Ozalp | Anadolu | Getty ImagesBitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump's big tariffs reveal jolted the stock market.The price of the flagship cryptocurrency was last lower by 5% at $81,849.63, according to Coin...
Plaid raises $575 million funding round at $6 billion valuation
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.George Frey | Bloomberg via Getty ImagesPlaid on Thursday announced a new funding round that values the fintech startup at $6...
Amazon submits bid for TikTok as ban deadline nears
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the...
Apple leads a drop in tech stocks after Trump tariff announcement
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesApple slid more than 6% in late...
Apple iPhone production in China, India in focus after Trump tariffs
Apple's iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024.Rasid Necati Aslim | Anadolu | Getty ImagesApple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are...
De minimis trade loophole to end May 2, White House says
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, U.S, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole,...
Xiaomi delivers record cars in March as winners emerge in China EV race
A Xiaomi store in Shanghai, China, on March 16, 2025.Qilai Shen/Bloomberg | Bloomberg | Getty ImagesChinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup...
Eric Trump moved to crypto after family became ‘most canceled company’
Eric Trump says his family was "the most canceled company, probably on Earth."That was then. With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity. "It actually is what drove us toward cryptocurrency," the president's...
Small tech firms left in limbo by shifting Trump tariff policy
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | ReutersWhen President Donald Trump made it...
Applovin in negotiations for potential TikTok bid, sources say
The AppLovin logo arranged on a laptop in New York, US, on Wednesday, Feb. 26, 2025. Gabby Jones | Bloomberg | Getty ImagesAppLovin is one of the companies in negotiations to potentially acquire TikTok, sources familiar with the situation told CNBC's David Faber on...
Amazon to launch first batch of Kuiper satellites on April 9
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Tesla shares rise on unconfirmed report Elon Musk could be leaving DOGE post soon
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Trump was returning to the White House after spending the weekend at...
Screen size, controllers, storage and games
Nintendo Switch 2Courtesy: NintendoNintendo revealed the details of the Switch 2, its next game console, in a launch video on Wednesday.The Switch 2 will hit store shelves on June 5. Nintendo will launch game titles including "Mario Kart World" and "Street Fighter 6"...
Tesla (TSLA) Q1 2025 vehicle delivery and production numbers
General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025.Kena Betancur | Getty ImagesTesla reported 336,000 vehicle deliveries in the first quarter of 2025, two days after the electric vehicle company's stock wrapped up its worst quarter since 2022.Here...
Tesla China-made EV sales fall 11.5% in March as competition rises
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla sales of its China-made cars fell in March as competition from local...
USDC issuer Circle files for IPO as public markets open to crypto
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBCCircle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.The prospectus, filed with the SEC on Tuesday, lays the...
Hims & Hers adds Zepbound, Mounjaro, and liraglutide to platform
The Hims app arranged on a smartphone in New York on Feb. 12, 2025.Gabby Jones | Bloomberg | Getty ImagesHims & Hers Health shares closed up 5% on Tuesday after the company announced patients can access Eli Lilly's weight loss medication Zepbound and diabetes drug...
Meta’s head of AI research announces departure
Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta's head of artificial intelligence research announced...
CoreWeave shares bounce 12%, rising above IPO price
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M....
TikTok creators, partners remain optimistic ahead of app’s ban deadline
Photo illustration shows the TikTok logo displayed on a mobile phone screen.Sopa Images | Lightrocket | Getty ImagesFor the second time this year, TikTok is staring at a deadline that could determine its fate in the U.S. and that of numerous creators and brands that...
Tesla plunges 36% in first quarter, worst performance since 2022
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla's stock just wrapped up its worst quarter since 2022 and...
AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO
Toronto , Canada - 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip developer Cerebras said Monday that...
Wall Street banks got meager payout from CoreWeave IPO
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersWall Street banks waited a long time for a billion dollar IPO from a...
LightSource raises $33 million funding round led by Bain, Lightspeed
LightSource cofounders: CTO Idan Mintz and CEO Spencer PennCourtesy: LightSourceWith President Donald Trump set to impose sweeping tariffs on a wide swath of U.S. trading partners this week, corporate America is awash in uncertainty. LightSource, a San Francisco...
Amazon resumes drone deliveries after two-month pause
Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed.In January, Amazon halted Prime Air deliveries in College Station, Texas, and Tolleson, Arizona, the two U.S. markets where it's testing the service, as the company...
United Microelectronics shares pop on GlobalFoundries deal report
The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024.Cindy Schultz | Bloomberg | Getty ImagesU.S. semiconductor manufacturer GlobalFoundries is reportedly weighing a merger with Taiwan-based United Microelectronics.U.S. shares...
Takes on rivals OpenAI, Anthropic
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Monday released a new AI model that can take actions in a web browser on a user's behalf, a move that puts it in more...
CoreWeave shares slump nearly 10% in second day of trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan McDermid | ReutersCoreWeave's stock sank nearly 10% on Monday, falling well...
How the shift to apps changed the race
Value within the artificial intelligence industry is slowly shifting, from the companies developing models to the apps building on top of them. Early in the AI race, critics viewed apps like Perplexity, Replit, Sesame and Abridge as second-rate middlemen, slapping an...
Klarna CEO Sebastian Siemiatkowski faces biggest test yet: IPO
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesLONDON — After 20 years in the role as Klarna's CEO, Sebastian Siemiatkowski is about to face his toughest test yet as...
Huawei 2024 revenue surges to near-record high on smartphone comeback
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese...
In DNA sale, a new kind of market panic is created
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty ImagesDNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul...
In Trump era, companies are rebranding DEI efforts, not giving up
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.Gonzalo Fuentes | ReutersAfter Google scrapped its...
Trump was supposed to unlock IPOs, CoreWeave debut reflects skepticism
CoreWeave Inc. signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty ImagesIt wasn't supposed to go down like this.The Trump presidency was set to usher in a rush of...
Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud
Elon Musk's Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022.Jakub Porzycki | Nurphoto | Getty ImagesA proposed class-action lawsuit against Elon...
Elon Musk says xAI has acquired X, in deal valuing X at $33 billion
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion."xAI and X's futures are intertwined," Musk, the...
Intel announces three board members will retire following CEO shake-up
A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024.Justin Sullivan | Getty Images News | Getty ImagesThree members of Intel's board of directors will not stand for reelection in May, the company said in a filing on...
AppLovin CEO tells investors ‘dig deeper’ after short-seller report
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company's stock suffered its steepest drop on record on Thursday.Foroughi penned a new blog post...
Amazon MGM Studios boss Jen Salke to step down. Read the memo
Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon's head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and...
CoreWeave set to begin trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersArtificial intelligence cloud provider CoreWeave is...
Lower IPO pricing was ‘where the buying interest was’
CoreWeave CEO Mike Intrator said Friday that the company's IPO pricing, which came in below expectations, has to be placed in the larger context of the macroenvironment."There's a lot of headwinds in the macro," Intrator said on CNBC's Squawk Box. "And we definitely...
Taiwan alleges China chipmaker SMIC illegally poached tech talent
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesTaiwan investigators on Friday alleged that Chinese chipmaker Semiconductor...
Ubisoft shares surge on deal to spin off top game franchises
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesUbisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.On Thursday, Ubisoft revealed plans to form...
AppLovin plunged 20% as short-seller Muddy Waters goes after company.
Jaque Silva | Nurphoto | Getty ImagesShares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company's digital ad technology and claimed that it's violating app store rules.AppLovin tumbled $65.92...
CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024.Carlos Rodrigues | Sportsfile | Web Summit | Getty ImagesCoreWeave on Thursday said it priced shares at $40 in the company's IPO, raising $1.5 billion in the...
Alibaba $100 billion stock rally fueled by AI, Jack Ma return
In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to "correct its course." The message was as a rallying cry by one of China's most prominent tech leaders to a company going through one of the most tumultuous...
China already ahead of U.S. in humanoid robot race, analysts say
Unitree's G1 robot at the Mobile World Congress 2025 in Barcelona, Spain, on March 6, 2025.Nurphoto | Nurphoto | Getty ImagesAmerican tech giants like Tesla and Nvidia are racing to develop humanoid robots, stressing their importance to the future economy. But...
Silicon Valley bubble risks heighten as investors pile into SPVs
One of the most popular acronyms in Silicon Valley these days is SPV.It stands for special purpose vehicle. In tech startup land, it's a type of investment fund that typically involves concentrating all of its assets in one company. SPVs have blown up in recent years...
Meta debuts Friends tab as Zuckerberg pushes ‘throwback to OG Facebook’
In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France.Chesnot | Getty ImagesMeta on Thursday debuted the Facebook Friends tab, a new feature that's part of CEO Mark...
Ubisoft spins out new gaming subsidiary, Tencent to take stake
On Jan. 9, Ubisoft said it was postponing the launch of "Assassin's Creed Shadows" and had appointed advisors to review strategic options.Ina Fassbender | AFP via Getty ImagesUbisoft on Thursday announced that it's creating a new gaming subsidiary with Chinese...
Robinhood CEO likes Amazon Prime model, sees loyalty opportunity
Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks...
Nvidia to anchor CoreWeave IPO at $40 a share, source says
CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024.CNBCNvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.The company initially filed the offering at $47...
The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO
With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent "GPU clouds," a status it hopes investors will value when it debuts on the public markets.But the world of artificial intelligence hardware is moving so quickly that...
Utah adopts child safety law requiring Apple, Google to verify user ages
Utah Gov. Spencer Cox on Wednesday signed a bill that requires Apple and Google's mobile app stores to verify user ages and require parental permission for those under 18 to use certain apps, the governor's spokesperson told CNBC.The law is the first of its kind in...
Amazon Pharmacy chief medical officer Vin Gupta departs the company
Vin Gupta, then-chief medical officer at Amazon Pharmacy, speaks during Amazon's "Delivering the Future" event at the company's BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington, on Oct. 18, 2023.Jason Redmond | Afp | Getty...
23andMe co-founder lashes out at CEO Wojcicki after bankruptcy filing
A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty Images23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetic testing company that...
Trump says he may reduce China tariffs to help close a TikTok deal
Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok.China "is going to have to play a role" in approving a TikTok-related...
Former Intel CEO Pat Gelsinger joins venture firm Playground Global
From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim.Playground GlobalAfter a tumultuous four years running Intel, Pat Gelsinger is going into venture capital.Gelsinger, who was ousted by the chipmaker in December, has...
Trump says Tesla CEO Elon Musk didn’t advise on auto tariffs ‘because he may have a conflict’
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | ReutersAfter President Donald Trump said on Wednesday he would impose 25% tariffs on "all cars that are not made in the...
Alibaba launches open-source AI model for ‘cost-effective AI agents’
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba Cloud launched Thursday its latest artificial intelligence model in its "Qwen series," as large language model competition in China...
Tesla drops on slowing European sales, concerns about Trump tariffs
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla shares fell about 6% on Wednesday as data from Europe...
OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesOpenAI expects revenue will...
Amazon testing shopping, health assistants, pushes into generative AI
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon, in an effort to infuse generative artificial intelligence across a wider swath of its e-commerce universe, recently began...
U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities
William_potter | Istock | Getty ImagesThe U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing's artificial intelligence and advanced...
23andMe has filed for bankruptcy. How to delete your genetic data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images23andMe has officially filed for Chapter 11 bankruptcy protection, which means its assets — including its vast genetic database —...
Google quantum exec says tech is ‘5 years out from a real breakout’
A handout picture from October 2019 shows Sundar Pichai with one of Google's Quantum Computers in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.Handout . | ReutersOne of...
SEC will keep $50 million of Ripple fine and refund the rest
Jakub Porzycki | Nurphoto | Getty ImagesRipple and the U.S. Securities and Exchange Commission have reached an agreement to end their long-running legal battle. Following last week's news that the SEC would drop its appeal without conditions, Ripple has now agreed to...
Trump’s World Liberty Financial jumps into stablecoin game with USD1 reveal
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesWorld Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a...
Waymo will launch Washington, D.C., robotaxi service in 2026
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo's officially on its way to the...
Napster pioneered music sharing 25 years ago, bought for $207 million
Alexander Pohl | Nurphoto | Getty ImagesA quarter century ago, Napster was notorious on the internet for allowing people to swap songs for free, long before the music industry had come up with a model for the digital age.The service was shuttered in 2001 amid mounting...
Trump Media shares jump on announcement of ETF deal with Crypto.com
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesShares of Trump Media jumped about 9% in extended trading on Monday after the parent of the president's social media company announced an agreement with Crypto.com to launch a series of exchange-traded funds and...
Samsung Electronics co-CEO Han Jong-hee, 63, dies of heart attack
Han Jong-hee, co-chief executive officer of Samsung Electronics Co., at the company's annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. Bloomberg | Bloomberg | Getty ImagesSouth Korea's Samsung Electronics said...
23andMe files for bankruptcy, Anne Wojcicki steps down as CEO
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesEmbattled genetic testing company 23andMe, once valued at...
What’s next for IPOs, M&A after Google’s $32 billion Wiz acquisition
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty ImagesGoogle's acquisition of cybersecurity startup Wiz could be a turning point for an uncertain IPO market and a...
China’s open-source embrace upends conventional wisdom around artificial intelligence
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty ImagesChina is embracing open-source AI models in a trend market watchers and insiders say is boosting AI adoption and innovation in the country, with...
Binance CEO says Trump has been ‘fantastic’ for cryptocurrency
Richard Teng, chief executive officer of Binance Holdings Ltd., at an event hosted by the Foreign Correspondents Association in Singapore, on Tuesday, Sept. 17, 2024. Ore Huiying | Bloomberg | Getty ImagesBinance CEO Richard Teng says the Trump administration has been...
Crypto’s long battle with SEC comes to a close with Ripple victory
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersThe Securities and Exchange Commission's years-long crusade against the crypto industry appears to be over.The...
StubHub files for IPO as companies start lining up to go public
The StubHub logo is seen in a former store in New York City on April 18, 2024.Michael M. Santiago | Getty ImagesStubHub, an online marketplace for reselling tickets, on Friday filed to go public on the New York Stock Exchange under the ticker symbol "STUB."In its...
Microsoft posts weekly gain to end longest losing streak since 2008
Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024.Chalinee Thirasupa | ReutersWith about 10 minutes left until the market's close, Microsoft's stock was down for the week. It would've been the first eight-week...
Bo Hines is ex-football player steering America’s crypto strategy
U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and Executive Director of the Presidential Council of Advisers for Digital Assets Bo Hines attend the White House Crypto...
Crypto PACs pump cash into Florida, GOP risks thinning House majority
Florida CFO Jimmy Patronis delivers remarks before Gov. Ron DeSantis took to the stage during his Don't Tread on Florida Tour in Sarasota on Nov. 6, ahead of the Nov. 8 midterm election, 2022.Tiffany Tompkins | Bradenton Herald | Tribune News Service | Getty...
The race to build a practical quantum computer
Technology giants Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology, as are various other companies like Rigetti, IonQ, Quantum Computing Inc. and D-Wave Quantum Inc.The latest entrant into the space is Nvidia, with CEO Jensen Huang...
Elon Musk tells Tesla employees ‘hang onto your stock’ in all-hands
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025.Kevin Lamarque | ReutersDuring Elon Musk's two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing...
The Magnificent 7’s lousy year, by the numbers
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025.Brian Snyder | ReutersIt's been a painful year so far for megacap technology giants and 2025 is only getting started.Six members of the group...
Micron (MU) Q2 earnings 2025
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesMicron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts' estimates and offered...
Tesla owners are trading in their EVs at record levels, Edmunds says
A Tesla store in Alhambra, California on March 11, 2025.Frederic J. Brown | AFP | Getty ImagesAs Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car...
Elon Musk received summons in SEC suit over Twitter disclosure
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesElon Musk received a court summons last...
Abu Dhabi’s ADQ, U.S. PE firm to invest $25 billion in U.S. data center projects
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | ReutersSovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment...
Nvidia CEO Huang says was wrong about timeline for quantum computing
Nvidia CEO Jensen Huang interviews executives from quantum computing firms at Nvidia's annual developer conference in San Jose, California, U.S., March 20, 2025. Stephen Nellis | ReutersNvidia CEO Jensen Huang on Thursday walked back comments he made in January, when...
BlackRock’s head of digital assets says staking could be a ‘huge step change’ for ether ETFs
Omar Marques | Lightrocket | Getty ImagesAppetite for ether ETFs has been tepid since their launch last July, but that could change if some of the regulatory wrinkles holding them back get "resolved," according to Robert Mitchnick, head of digital assets at...
Tesla recalls 46,000 Cybertrucks, says panel can increase ‘risk of crash’
A Tesla Cybertruck is parked in front of the White House in Washington, U.S., March 11, 2025. Kevin Lamarque | ReutersTesla is recalling more than 46,000 of its Cybertrucks due to a cosmetic exterior trim panel that it said can "delaminate and detach from the...
Klarna lands buy now, pay later deal with DoorDash ahead of IPO
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesKlarna, the buy now, pay later lender that's headed for an initial public offering, said on Thursday that it's signed on...
AMD’s Lisa Su has already beaten Intel. Now comes Nvidia
Lisa Su, CEO of AMD, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, Feb. 10, 2025. Benoit Tessier | ReutersWhen Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of...
Huawei Pura X launch: Specs, price, HarmonyOS 5
Richard Yu Chengdong, executive director of Huawei and chairman of the Board of Directors of the Consumer Business Group, introduces HUAWEI Pura X mobile phone at a new product launch conference on March 20, 2025 in Shenzhen, China.Vcg | Visual China Group | Getty...
SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company's headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesSoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server...
Nvidia’s Huang says faster chips are the best way to reduce AI costs
Nvidia CEO Jensen Huang introduces new products as he delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025.Josh Edelson | AFP | Getty ImagesAt the end of Nvidia CEO Jensen Huang's unscripted two-hour keynote on Tuesday, his...
Microsoft makes Amy Coleman its new chief people officer
Microsoft's Amy Coleman (L) and Kathleen Hogan (R).Source: MicrosoftMicrosoft said Wednesday that company veteran Amy Coleman will become its new executive vice president chief people officer, replacing Kathleen Hogan, who has held the position for the past...
EU orders Apple to open up App Store, risking Trump retaliation
A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | ReutersEuropean Union regulators are taking steps to rein in Google and Apple on...
XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company
A visual representation of the digital cryptocurrency, XRP.S3studio | Getty ImagesXRP surged after Ripple CEO Brad Garlinghouse said the Securities and Exchange Commission is no longer pursuing its appeal in the case against the payments company.The price of XRP was...
Meta billions of dollars at stake in overhaul Delaware corporate law
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon MuskManuel Orbegozo | Chip Somodevilla | ReutersAfter news broke on the last day of January that Meta might follow Elon Musk's lead in exiting Delaware to incorporate in another state, Democratic Gov. Matt Meyer...
Tencent Q4 2024 earnings report
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in...
Google-Wiz deal ‘litmus test’ for Trump admin handling of Big Tech
The Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024.Gabby Jones | Bloomberg | Getty ImagesSeven months ago, Alphabet lost a marquee case against the Biden administration's Justice Department, which accused the company of maintaining an...
Nvidia announces Blackwell Ultra and Vera Rubin AI chips
Nvidia CEO Jensen Huang arrives to attend the opening ceremony of Siliconware Precision Industries Co. (SPIL)’s Tan Ke Plant site in Taichung, Taiwan Jan. 16, 2025. Ann Wang | ReutersNvidia announced new chips for building and deploying artificial intelligence models...
Amazon AI scammers defrauded users with ‘passive income’ scheme
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesThe Federal Trade Commission is going after an e-commerce...
US food tech leader GrubMarket hits $3.5 billion value in new funding
Mike Xu, GrubMarket Founder and CEOCourtesy: GrubMarketFood logistics company GrubMarket said Tuesday that it has raised $50 million in a Series G funding round, valuing the San Francisco-based firm at more than $3.5 billion.The new round includes Liberty Street...
Google announces new health-care AI updates for Search
A Google corporate logo hangs above the entrance to their office at St. John's Terminal on March 11, 2025, in New York City.Gary Hershorn | Corbis News | Getty ImagesGoogle on Tuesday announced health-care updates to Search, including a way for people with specific...
Google to acquire cloud security startup Wiz for $32 billion
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty ImagesGoogle on Tuesday signed a "definitive agreement" to acquire Wiz, the New York-based cloud security startup, for...
This startup is creating a global tech platform for recycled wood
Each year 36 million trees fall due to decay, disease, natural disasters or clearing for new development. The vast majority of those trees are either burned, sent to a landfill or ground up for mulch, which wastes energy and causes carbon emissions. Now, new...
Trump World Liberty Financial crypto sold $550 million in tokens
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesPresident Donald Trump's World Liberty Financial crypto project said on Monday that it raised $250 million in its second...
Startup Rippling sues competitor Deel, claiming a spy stole sales data
Co-founder & CEO of Rippling Parker Conrad speaks onstage during the TechCrunch Disrupt conference in San Francisco on Oct. 20, 2022Kimberly White | TechCrunc | Getty ImagesHuman resources software startup Rippling sued competitor Deel in federal district court on...
Baidu, once China’s generative AI leader, is battling to regain its position
Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background.Future Publishing | Future Publishing | Getty ImagesChinese tech giant Baidu has released two new free-to-use artificial intelligence models as it vies to regain...
Baidu shares jump 10% following release of new free-to-use AI models
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesShares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as...
Human-level AI will be here in 5 to 10 years, DeepMind CEO says
Google DeepMind co-founder and Chief Executive Officer Demis Hassabis speaks during the Mobile World Congress, the telecom industry's biggest annual gathering, in Barcelona, Spain, Feb. 26, 2024.Pau Barrena | Afp | Getty ImagesLONDON — Artificial intelligence that can...
Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesBARCELONA — Global telecommunications firms are talking up advances in key technologies...
The U.S. is falling behind China in nuclear fusion, needed to power AI
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed.Often called the holy grail of clean energy, nuclear fusion...
Y Combinator startups are fastest growing in fund history because of AI
Silicon Valley's earliest stage companies are getting a major boost from artificial intelligence.Startup accelerator Y Combinator -- known for backing Airbnb, Dropbox and Stripe -- this week held its annual demo day in San Francisco, where founders pitched their...
After Elon Musk Delaware exit, state weighs overhaul of corporate law
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla CEO Elon Musk turned Delaware's...
Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm "Block" is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesWith its stock down more than 30% this year and revenue growth slowing, Jack...
Buy now, pay later lender Klarna files for U.S. IPO
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna, a provider of buy now, pay later loans filed its IPO prospectus on Friday, and plans to go public on the New York Stock Exchange under ticker symbol...
New Intel CEO Lip-Bu Tan to receive $69 million compensation package
Intel appoints Lip-Bu Tan as CEO.Courtesy: IntelNew Intel CEO Lip-Bu Tan will receive total compensation of $1 million in salary and about $66 million in stock options and grants vesting over the coming years, according to filing on Friday with the SEC.Tan was named...
David Sacks sold $200 million in crypto holdings before taking WH job
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersDavid Sacks, the Trump administration's AI and crypto czar, sold over $200 million...
Shares of DocuSign surge 14% on strong earnings, AI boost
Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday."We've really stabilized and I think started to turn the corner on the core business," CEO Allan Thygesen said Friday on CNBC's "Squawk Box." "We've become much more...
Tech’s 3-week selloff wipes out $2.7 trillion in value from megacaps
Sebastien Bozon | AFP | Getty ImagesLess than two months ago, the tech industry's top leaders flocked to Washington, D.C., for the presidential inauguration, part of an effort to strike a friendly tone with President Trump after a contentious first go-round in the...
Toast, Shift4 lead drop in fintechs, investors fret over spending
A screen displays the company logo for Toast Inc. during the company’s initial public offering at the New York Stock Exchange in New York City on Sept. 22, 2021.Brendan Mcdermid | ReutersEconomic concerns are hitting the stock market broadly, but they're having an...
Europe telcos urge more mega-mergers to catch up to US, China on 5G
The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain.Angel Garcia | Bloomberg | Getty ImagesBARCELONA — Europe's telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with...
Nvidia to detail Vera Rubin chips at GTC conference
Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.David Paul Morris/Bloomberg via Getty ImagesNvidia CEO Jensen Huang is expected to reveal details...
Why toll text scam is out of control and Apple, Android can’t stop it
The texts first started arriving on Eric Moyer's phone in February. They warned him that if he didn't pay his FastTrak lane tolls by February 21, he could face a fine and lose his license.The Virginia Beach resident did what the majority of people do: ignore them....
Adobe (ADBE) Q1 earnings report 2025
Shantanu Narayen, Chairman and CEO of Adobe Systems addresses the gathering on the first day of the three-day B20 Summit in New Delhi on August 25, 2023.Sajjad Hussain | AFP | Getty ImagesAdobe shares dropped 13% following the company's quarterly earnings report, as...
Binance token rises after report that Trump family has discussed stake
The Binance logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesBinance's BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a...
Intel pops after naming new CEO, Wall Street backs turnaround effort
Intel Appoints Lip-Bu Tan as Chief Executive OfficerCourtesy: IntelIntel shares popped more than 13% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt.Tan previously served as CEO of chip software maker and...
MoonPay pushes further into enterprise with Iron stablecoin acquisition
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami.MoonPayCrypto payments giant MoonPay is expanding its push into the enterprise market with the acquisition of Iron, an API-first stablecoin infrastructure startup. This marks MoonPay's...
Meta Community Notes to use open-source technology from Elon Musk’s X
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta's upcoming Community Notes feature for monitoring misinformation through crowdsourcing will use some technology...
Intel names Lip-Bu Tan CEO to orchestrate turnaround at chipmaker
Lip-Bu Tan appointed chief executive officer of Intel CorporationCourtesy: IntelIntel said on Wednesday that it had appointed Lip-Bu Tan as its new CEO, as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in...
Arbitrator prohibits Meta whistleblower from promoting tell-all book
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesMeta is seeking to stop the promotion of a new memoir by a former staffer that paints the social media company...
Abu Dhabi’s MGX to invest $2 billion in crypto exchange Binance
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023.Justin Sullivan | Getty ImagesEmirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange's first institutional...
Shares of iRobot tank 30% after Roomba maker issues ‘going concern’
Roomba vacuums by iRobot are displayed at Best Buy store on January 19, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesShares of iRobot plunged more than 30% on Wednesday after it said there's "substantial doubt" about its ability to stay in...
FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
Bloomberg | Bloomberg | Getty ImagesThe Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.Attorneys for the FTC made the request...
Tesla bounces for second day after steepest drop since 2020
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla shares rose for a second straight day...
Spotify says it paid nearly 1,500 artists $1 million or more in 2024
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City.Michael M. Santiago | Getty ImagesSpotify is minting music millionaires.Nearly 1,500 artists generated over $1 million in royalties from Spotify in 2024, the company...
Ailing Swedish EV battery firm Northvolt files for bankruptcy
A Northvolt building in Sweden, photographed in February 2022.Mikael Sjoberg | Bloomberg | Getty ImagesStruggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden.The firm said it that it submitted the insolvency...
Salesforce to invest $1 billion in Singapore over 5 years in AI push
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five...
Reddit rallies after three-day slump as analyst calls selloff ‘excessive’
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty...
Waymo expands its robotaxi service in the San Francisco Bay Area
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo on Tuesday announced it is expanding...
Trust & Will raises $25 million in funding round, UBS invests
Trust & Will founders, Cody Barbo (CEO), Brian Lamb, and Daniel Goldstein.Courtesy: Trust & WillLegal technology company Trust & Will said Tuesday that it has raised $25 million in a Series C funding round. The San Diego-based firm, ranked No. 41 on last...
Fintech stocks plummet as Wall Street frets over consumer spending
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesIt was a bad day for...
Asana CEO Dustin Moskovitz announces retirement, stock plummets 25%
Asana CEO and Facebook co-founder Dustin Moskovitz.PATRICIA DE MELO MOREIRA | AFP | Getty ImagesDustin Moskovitz, the CEO of Asana and one of the original founders of Facebook, is retiring from the software company he started in 2008.Asana announced Moskovitz's...
Digital physical therapy startup Hinge Health files for IPO
Hinge Health's Enso product.Courtesy: Hinge HealthHinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat...
Oracle (ORCL) Q3 earnings report 2025
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle issued quarterly results on Monday that trailed analysts' estimates and gave...
Tesla shares plunge 14%, head for worst day in five years
People gather in a protest outside a Tesla dealership in Lisbon against Tesla and SpaceX CEO Elon Musk on March 9, 2025.Patricia De Melo Moreira | Afp | Getty ImagesTesla's selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker...
Bitcoin briefly falls under $80,000 on heightened recession fears
CFOTO | Future Publishing | Getty ImagesBitcoin briefly dropped under the $80,000 level Monday, dragged by the continued selling pressure in the equities market.The price of the flagship cryptocurrency was last lower by 3% at $80,185.27, according to Coin Metrics. At...
Nvidia down 30% from high as tech-led sell-off hits Magnificent Seven
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersNvidia has lost nearly a third of its value just two months after notching a fresh high.The leading...
Elon Musk’s social platform X is down for some users
Elon Musk's social media platform X experienced several outages on Monday morning, leaving some users unable to load the site.Nearly 40,000 users reported problems with the platform around 10 a.m. ET, according to the analytics platform Downdetector, which gathers...
Why European Starlink rival Eutelsat shares are rocketing
A satellite dish in a ground network of satellites at Eutelsat's Madeira office. Photographer: /Bloomberg via Getty ImagesZed Jameson | Bloomberg via Getty ImagesShares of French satellite operator Eutelsat skyrocketed almost 390% last week — and a potential change of...
Bitcoin falls as volatility continues after Trump’s bitcoin reserve plan
Jonathan Raa | Nurphoto | Getty ImagesBitcoin fell on Monday as volatility in the price of the world's largest cryptocurrency continues following an executive order signed by President Donald Trump to create a strategic bitcoin reserve for the United States.Bitcoin...
Student helps coders use AI to cheat in Google, other job interviews
A person walks past the entrance to a Google building in Dublin, Feb. 15, 2023.Artur Widak | Anadolu | Getty ImagesAfter landing internship offers from Amazon, Meta and TikTok, computer science student Chungin "Roy" Lee has decided to move to San Francisco.But he...
How Facebook Marketplace is keeping young people on the platform
Meta's Facebook's influence remains strong globally, but younger users are logging in less. Only 32% of U.S. teens use Facebook today, down from 71% in 2014, according to a 2024 Pew Research study. However, Facebook's resale platform Marketplace is one reason young...
AppLovin short-seller urges S&P 500 committee to exclude stock
The short-seller assault on AppLovin is getting ratcheted up a notch.A week after Fuzzy Panda Research put out a report alleging that AppLovin's ad-tech software is the "nexus of a house of cards," and accusing the company of violating Google and Apple's app store...
Hinge Health to go public as soon as April, source says
Hinge Health's TrueMotion feature.Courtesy: Hinge HealthDigital physical therapy startup Hinge Health is gearing up to file for an initial public offering, potentially as soon as next week, CNBC has learned.Hinge Health helps patients with musculoskeletal injuries...
Tesla shares declined every week since Elon Musk went to Washington
Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025.Brian Snyder | ReutersTesla's stock has never had a stretch this red.For seven straight weeks, since Elon Musk went...
Apple delays Siri AI improvements to 2026
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty ImagesWhen unveiling Apple Intelligence last summer, one of Apple's flashiest demos showed the...
Palantir delivers first two AI-enabled systems to U.S. Army
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023.Patrick T. Fallon | AFP |...
Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom.Martin H. Simon | Bloomberg | Getty ImagesBroadcom shares climbed about 5% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand.The chipmaker posted adjusted earnings of...
Chipmakers fall post earnings despite topping estimates
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersMore than two years into the generative artificial intelligence boom, Wall Street is setting an...
Trump’s first Crypto Summit has attendees ready to push for regulation
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesNow that President Trump has announced plans for a...
AWS launches Amazon GameLift Streams for cloud gaming
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon's cloud unit said Thursday that it's launching a service to allow video game publishers to stream...
Tech stocks wipe out last of post-election gains as Nasdaq plummets
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president...
Oracle’s Federal Electronic Health Record suffered nation-wide outage
Jaque Silva | Nurphoto | Getty ImagesOracle's Federal Electronic Health Record experienced a nation-wide outage on Tuesday, the Department of Veterans Affairs confirmed to CNBC.The agency said "all users" of the company's Federal EHR, including the VA, the Department...
Hewlett Packard Enterprise (HPE) Q1 earnings report 2025
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Brendan McDermid | ReutersHewlett Packard Enterprise shares slid 19% in extended trading on...
Broadcom (AVGO) earnings report Q1 2025
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported first-quarter earnings on Thursday that topped analysts' expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading.Here's how the company did...
Trump signs executive order for U.S. strategic bitcoin reserve
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC.Jabin Botsford | The Washington Post | Getty ImagesPresident Donald Trump signed an executive...
Cryptocurrencies fall after Trump officially establishes U.S. bitcoin reserve
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a "digital asset stockpile."The price of bitcoin was last...
Marvell shares plunge after Q4 2025 earnings report
Matt Murphy, CEO, Marvell TechnologyScott Mlyn | CNBCMarvell Technology shares plummeted more than 17% after the chipmaker's guidance fell short of some elevated buyside estimates.For the first fiscal quarter, the chipmaker said it expects sales of about $1.88...
More trifold smartphones are popping up after Huawei’s $3,600 splash
BARCELONA — China's Huawei isn't the only smartphone maker adding a third display to its devices.At the Mobile World Congress (MWC) trade show in Barcelona, a number of firms were showing off their display technology innovations.The South Korean tech giant Samsung...
MongoDB shares crater 20% as weak outlook overshadows strong results
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth.For the fiscal 2026 year, the company said it expects adjusted earnings to range between...
Alibaba shares soar after Chinese tech giant unveils DeepSeek rival QwQ-32B
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek's global...
MongoDB (MDB) Q4 earnings report 2025
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance.Here's how the company did in comparison with LSEG consensus:Earnings per share: $1.28 adjusted...
Online scams easy as ever, as cybercrime markets flourish
"Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes," Nicholas Court, assistant director of Interpol's Financial Crime and Anti-Corruption Centre, told CNBC.Imaginima | E+ | Getty...
Alexis Ohanian, Kevin Rose team up to buy and revive Digg
Alexis OhanianDavid A. Grogan | CNBCContent aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian.Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by...
Amazon’s One Medical CEO stepping down after less than two years
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesOne Medical CEO Trent Green will step down from the Amazon-owned primary care provider after less than two years in the role.Green is leaving One...
CrowdStrike slumps 10% on weak earnings outlook, outage costs
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares dropped 10% after issuing weak earnings guidance as the company signaled...
Apple unveils MacBook Air models with $100 price cut despite tariffs
Apple's M4 MacBook Air in a marketing photograph.AppleApple on Wednesday announced new MacBook Air models that update the company's bestselling laptop with a faster M4 chip and an upgraded videoconferencing camera.The computers also got a $100 price cut in the U.S.,...
Freed raises $30 million, led by Sequoia, to tackle clinician burnout
Erez Druk, co-founder and CEO of Freed.Courtesy: FreedFor Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally. Druk's wife, Dr. Gabi Meckler, works at a community clinic in northern...
Donald Trump and Elon Musk are bullies
Steve Wozniak, co-founder of the technology company Apple.Thomas Banneyer | Picture Alliance | Getty ImagesBARCELONA — Apple co-founder Steve Wozniak criticized the "sledgehammer" approach Elon Musk's Department of Government Efficiency has taken to cut administrative...
Okta pops on Q4 earnings report
Todd McKinnon, CEO of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco on April 4, 2022.David Paul Morris | Bloomberg | Getty ImagesOkta shares soared 24.3% on Tuesday after the cloud-based identity management company delivered...
CrowdStrike (CRWD) Q4 earnings 2024
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares dropped nearly 9% in extended...
Trump looms over Chinese smartphone players’ successful global push
The Xiaomi booth at the Mobile World Congress 2025 in Barcelona, Spain.Arjun Kharpal | CNBCBARCELONA — U.S. President Donald Trump's continued clashes with China over tech and trade looms heavy over Chinese smartphone vendors who have grown globally in the past few...
Qualcomm CEO says its new modem creates a ‘huge delta’ with Apple
Apple webpage with iPhone 16e ad is screened on a mobile phone for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC its latest modem will create a big distance in performance versus Apple, which has made its first foray...
Qualcomm CEO welcomes TSMC $100 billion investment in U.S. chipmaking
Taiwan Semiconductor Manufacturing Co.'s $100 billion commitment to expand manufacturing in the U.S. is "great news," Qualcomm CEO Cristiano Amon told CNBC on Tuesday, adding it helps with diversification of chipmaking locations.Amon also addressed U.S President...
Samsung ‘Project Moohan’ to launch this year to rival Apple Vision Pro
Samsung's extended reality 'Project Moohan' headset on display at the Mobile World Congress 2025 in Barcelona.Arjun Kharpal | CNBCSamsung will launch its extended reality headset this year, a spokesperson for the company told CNBC on Tuesday.The device, dubbed Project...
Tech stocks down 7% since Trump’s inauguration as tariffs begin
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in...
Why Honda and Toyota are investing in rockets and satellites
In January, Toyota said its mobility software subsidiary "Woven by Toyota" was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to...
Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement
The new Bitcoin token is photographed on U.S. $100 bills.Sopa Images | Lightrocket | Getty ImagesThe price of bitcoin failed to recover the $85,000 level – where it traded before President Donald Trump's announcement of a U.S. crypto reserve sent it soaring – after a...
Elon Musk first month in White House was Tesla worst month since 2022
Leader of the Department of Government Efficiency Elon Musk wears a shirt that says "Tech Support" as he speaks during a cabinet meeting with US President Donald Trump at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty ImagesTesla's...
Waymo, Uber begin offering robotaxi rides in Austin ahead of SXSW
A Waymo car drives along a street on March 01, 2023 in San Francisco, California. Waymo, Alphabet's self-driving car division, announced that it has laid off over 135 employees in a second round of layoffs this year.Justin Sullivan | Getty ImagesWaymo on Tuesday began...
Pro-Trump techies enraged by crypto reserve plan, causing early rift
David Sacks, U.S. President Donald Trump's "AI and Crypto Czar", speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesThe Trump-tech alliance is...
Nothing Phone (3a): Specs, price, availability
The Nothing Phone (3a).NothingBARCELONA — British smartphone startup Nothing on Tuesday debuted a new handset it hopes can shake the mobile industry out of a perceived innovation slowdown.Nothing launched its new Phone (3a) device, a budget phone that comes with an...
Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025.Steve Marcus | ReutersNvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada...
Huawei charts cautious global comeback but major challenges remain
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCBARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese...
23andMe special committee rejects CEO Wojcicki second takeover offer
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images23andMe's special committee of independent directors on...
AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of...
Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear...
Malaysia says it’ll take action if firms involved in Nvidia fraud case
Nvidia's headquarters on Feb. 26, 2025, in Santa Clara, California.Justin Sullivan | Getty ImagesMalaysia said it will take "necessary action" against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips...
Microsoft unveils Dragon Copilot, a voice-activated AI tool for doctors
Microsoft is giving its health-care artificial intelligence tools a makeover. The company on Monday unveiled a new voice-activated AI assistant that combines capabilities from its dictation solution, Dragon Medical One, and ambient listening solution, DAX Copilot,...
FCC chair says U.S. will defend interests of its tech giants
WASHINGTON, DC - MARCH 31: Federal Communications Commissioner Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America: Oversight of the FCC, on Capitol Hill on Thursday, March...
Deutsche Telekom CEO says Europe needs its own DOGE
Deutsche Telekom CEO Tim Hottges speaks during Mobile World Congress, the world's biggest mobile fair, in Barcelona on March 3, 2025.Lluis Gene | Afp | Getty ImagesBARCELONA — Europe needs its own version of Elon Musk's so-called Department of Government Efficiency,...
TSMC to announce $100-billion investment in U.S. chip plants
President Donald Trump is expected to announce a $100 billion investment from Taiwan Semiconductor Manufacturing to bolster chip manufacturing over the next four years in the U.S, NBC has learned.The Wall Street Journal first reported the news.TSMC, which supplies...
China’s Oppo taps Google for privacy AI push, taking page from Apple
Oppo is the sixth-largest smartphone maker in China, according to Counterpoint Research.Nurphoto | Nurphoto | Getty ImagesBARCELONA — Chinese smartphone firm Oppo is taking a page out of Apple's playbook with the launch of a private cloud computing system to keep...
Amazon-backed AI firm Anthropic valued at $61.5 billion after latest round
Jaque Silva | Nurphoto | Getty ImagesAnthropic on Monday closed its latest funding round at a $61.5 billion post-money valuation, the company confirmed to CNBC. The $3.5 billion round was led by Lightspeed Venture Partners, and other investors included Salesforce...
Ramp secures $13 billion valuation in secondary deal
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup RampFinancial technology startup Ramp is letting some employees and early investors cash out in a new deal that values the company at $13 billion. The New York company announced the $150 million deal...
Amazon to bring palm-scanning tech Amazon One to NYU Langone Health
Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology.AmazonPatients at NYU Langone Health facilities will soon be able to check in for appointments using Amazon's...
Bitcoin jumps nearly $14,000 in three days on Trump’s crypto reserve announcement
Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconBitcoinOver the weekend, Trump announced the creation of a strategic crypto reserve – a pivot from the "bitcoin stockpile" he previously touted – that he said will include ether, XRP, Solana's...
Chinese EV startup Xpeng delivers over 30,000 cars for a fourth month
The flagship store of Xiaopeng Motors in Shanghai, China, on Feb. 18, 2025.CFOTO/Future Publishing via Getty ImagesChinese electric car company Xpeng delivered more than 30,000 cars for a fourth-straight month in February, as its mass-market brand helped the company...
Lenovo teases solar-powered and foldable screen concept laptops
The Lenovo ThinkBook 'flip' concept. The screen is able to fold once horizontally to create two different screen spaces.CNBC: Lenovo Flip PCLenovo on Monday showed off a laptop with a foldable screen and one that can get extra battery life from solar power.These...
Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more
FRANCE - 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images)Romain Doucelin | Getty ImagesCryptocurrencies rallied...
China’s Honor pledges $10 billion AI investment, closer Google ties
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.Nurphoto | Nurphoto | Getty ImagesBARCELONA — Honor on Sunday pledged $10 billion in artificial intelligence investments over the next five years and announced a...
Xiaomi plans to sell EVs globally after launching $73,000 SU7 Ultra
The Xiaomi SU7 Ultra on display at the Xiaomi store in Hangzhou, Zhejiang Province, China, Feb 27, 2025. Xiaomi's first luxury model, the SU7 Ultra, will be officially launched on the evening of February 27. Cfoto | Future Publishing | Getty ImagesBARCELONA — Xiaomi...
Xiaomi 15 and 15 Ultra launch: Price, specs, availability
The Xiaomi 15 Ultra, in the foreground, and the Xiaomi 15 in the background.XiaomiBARCELONA — Xiaomi launched its latest flagship smartphone on Sunday continuing its push into higher-end devices as it seeks to challenge market leader Samsung.The Xiaomi 15 and Xiaomi...
Microsoft outage leaves tens of thousands unable to access email and other apps
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty ImagesMicrosoft said Saturday evening that service was restored following an outage that left tens of thousands of users unable to access their Outlook email accounts and...
FAA clears SpaceX for Starship test flight after explosion in January
SpaceX's Super Heavy booster is seen on the launch pad, without the Starship atop, as it is prepared for launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. Feb. 27, 2025.Joe Skipper | ReutersElon Musk's SpaceX has...
Intel delays Ohio plant opening to 2030, production was to start 2026
US President Joe Biden, second left, tours the site of the new Intel semiconductor manufacturing facility near New Albany, Ohio, US, on Friday, Sept. 9, 2022.Gaelen Morse | Bloomberg | Getty ImagesIntel is pushing off the opening of its Ohio chip manufacturing...
Block plunge in February leads fintech sell-off, Stripe valuation jumps
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23,...
Amazon eyes global expansion for its Temu, Shein competitor
Amazon is looking to expand its competitor to Temu and Shein beyond the U.S.The company intends to launch its discount storefront, called Haul, in Europe later this year, according to two people familiar with the matter who asked not to be named because the plans are...
On iPhone 16e, there’s a big change in Apple’s biometric security
Apple's latest budget iPhone model, the iPhone 16e, which started shipping on Feb. 28, 2025.AppleWith the release of its new iPhone 16e, which started shipping on Friday, Apple is taking a break from fingerprint technology as a biometric security feature in its...
Microsoft is retiring Skype in May, encouraging people to adopt Teams
Kelly Harris of San Jose, leans over to kiss the web cam as she says her goodbye to Brian Johnson, her brother stationed in Japan, at the end of their video phone call via Skype in San Jose, Calif. on Nov. 25, 2009.Lea Suzuki | San Francisco Chronicle | Hearst...
Meta announces experimental Aria Gen 2 research smart glasses
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses.Andrej Sokolow | Picture Alliance | Getty ImagesMeta on Thursday revealed the...
Dell earnings report Q4 2025
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024.Bridget Bennett | Bloomberg | Getty ImagesDell reported fourth-quarter sales that fell short of...
Autodesk says it will cut 1,350 employees
Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesDesign software maker Autodesk said Thursday that it will lay off 1,350 employees, which works...
Meta plans to release a standalone Meta AI app
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta AI will soon become one of the social media company's standalone apps, joining Facebook,...
House panel subpoenas tech giants over ‘foreign censorship’ of speech
Rep. Jim Jordan (R-OH) is interviewed by FOX and Friends at the U.S. Capitol on Jan. 3, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesHouse Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to eight technology companies asking for more information about their...
