Technology
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...
SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies.Yuriko Nakao | Getty ImagesThe Securities and Exchange Commission issued long sought after guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.Meme coins...
Nvidia bounced from the $3 trillion market cap club after stock drop
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025.An Rong Xu | Bloomberg | Getty ImagesNvidia is out, leaving Apple as the sole member of...
Google makes cuts to HR and cloud units
A view of the Google headquarters in Mountain View, California, on April 16, 2024.Tayfun Coskun | Anadolu | Getty ImagesGoogle told staffers in its "People Operations" and cloud organizations this week that it plans to cut employees as part of internal...
Bitcoin hits over 3-month low, reversing gains post Trump election
Jakub Porzycki | Nurphoto | Getty ImagesA week-long rout in Bitcoin worsened Friday, with the digital asset hitting an over 3-month low, reversing gains that followed the election of U.S. President Donald Trump.Bitcoin was trading at about $80,500 in trading in Asia,...
Katy Perry, Lauren Sanchez heading to space in Blue Origin rocket
Katy Perry performs during the opening ceremony of the 2025 Invictus Games at BC Place on February 08, 2025 in Vancouver, British Columbia. Samir Hussein | Wireimage | Getty ImagesSinger Katy Perry and CBS' Gayle King will join Jeff Bezos' fiancee Lauren Sanchez on...
Standard Chartered crypto bull still sees bitcoin hitting $500,000
Jakub Porzycki | Nurphoto | Getty ImagesStandard Chartered's bullish crypto analyst still sees bitcoin's price hitting $500,000 during Donald Trump's presidency — even after a selloff that sank the world's largest digital currency to a three-month low.Geoffrey...
Snowflake surges 13% on earnings beat as company expands AI push
Jakub Porzycki | Nurphoto | Getty ImagesSnowflake shares popped more than 13% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results.The company reported adjusted earnings of 30 cents per share on $987 million in...
Stripe’s valuation climbs to $91.5 billion in secondary stock sale
John Collison, president and co-founder of Stripe.Christophe Morin | IP3 | Getty ImagesStripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation...
Amazon touts its first quantum computing chip a week after Microsoft’s unveiling
Amazon on Thursday revealed its first chip for quantum computing, and said the design is a step toward building efficient high-scale systems.The processor is called Ocelot, and the announcement comes as more tech companies tout their advancements in quantum. Last...
Instacart suffers steepest drop on record after Q4 earnings
The Instacart logo is seen on a smartphone and on a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesInstacart's stock had its worst day on record, slumping 12% after the grocery delivery company posted a fourth-quarter revenue miss and offered light...
Teladoc (TDOC) Q4 earnings 2025
Teladoc Health Inc. signage on the floor of the New York Stock Exchange on Dec. 31, 2024.Michael Nagle | Bloomberg | Getty ImagesTeladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued...
Salesforce (CRM) Q4 earnings report 2025
Salesforce CEO Marc Benioff appears at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts'...
Meta’s end to third-party fact-checking ‘pragmatic’
Reddit's co-founder says Meta's decision to end third-party fact-checking on its platforms was a "pragmatic" one, characterizing the move as a reversal of an unviable program.In January, just days before Donald Trump was sworn in as U.S. president for the second time,...
Meta apologizes after Instagram users see graphic and violent content
Illustration of U.S social network Instagram's logo on a tablet screen.Kirill Kudryavtsev | Afp | Getty ImagesMeta apologized on Thursday and said it had fixed an "error" that resulted in some Instagram users reporting a flood of violent and graphic content...
Nvidia warns of competition from China’s Huawei, despite U.S. sanctions
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second...
Obvious Ventures, started by Twitter’s Williams, raising $400 million
Medium Founder & CEO Ev Williams speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018. Pedro Fiúza | Nurphoto | Getty ImagesObvious Ventures, the venture capital firm co-founded by Twitter's Evan Williams, has filed to raise $400 million for...
Nvidia (NVDA) earnings report Q4 2025
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty ImagesNvidia reports...
Block’s Bitkey rolls out fix for bitcoin inheritance problem
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFor over a decade, bitcoin has been lauded as a revolutionary financial asset —...
AppLovin shares tumble as short sellers question AXON ad software
Sheldon Cooper | Lightrocket | Getty ImagesShares of AppLovin tumbled 13% Wednesday as two short-seller reports cast doubt on the integrity of the company's AI-powered AXON advertising software that helped drive the tech giant to become the top-performing tech stock...
Amazon unveils long-awaited Alexa revamped with AI features
Panos Panay from Devices and Services at Amazon speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Wednesday announced a long-awaited overhaul of its Alexa digital assistant.The revamped service,...
Super Micro Computer surges 20% after filing delayed financials
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results...
Tesla’s market cap sinks below $1 trillion as stock falls more than 8%
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's postelection pop has almost disappeared.Shares of the electric vehicle maker plunged more than 8% on Tuesday,...
Super Micro shares fall ahead of filing deadline
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares fell 12% on Tuesday as the company nears a deadline to file audited financial reports or be delisted from the Nasdaq...
Workday (WDAY) Q4 earnings report 2025
Carl Eschenbach, CEO of Workday, speaks on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Gerry Miller | CNBCWorkday, a maker of human resources and finance software, reported better-than-expected quarterly results on...
Alibaba makes AI video generation model free to use globally
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba on Wednesday said that it has made its video generation artificial intelligence models free to use, further ramping up competition...
Modi wants Tesla to build cars in India. Making the plan work may not be easy
Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing "heavy Tesla obligations."Anadolu | Anadolu | Getty ImagesIndia has been striving to become a global manufacturing hub, having successfully...
Applications open for CNBC’s top global fintechs list
For the third year in a row, CNBC is working with market research firm Statista to list the world's top financial technology companies.Including startups, scaleups and established tech players, the top global fintech list aims to assess companies using an objective,...
Super Micro files financials ahead of Nasdaq deadline, stock pops 22%
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq's listing...
Hims & Hers shares plunge 28% on concerns over weight loss business, margins
The Hims app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesShares of Hims & Hers Health fell 28% on Tuesday, a day after the telehealth company released fourth-quarter results that disappointed on...
Perplexity AI $50 million venture, backing early-stage startups
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the developer of a popular artificial intelligence search engine, is close to raising a $50 million venture fund focused on early-stage AI startups, CNBC has...
Apple annual shareholder meeting 2025
CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | ReutersApple shareholders on Tuesday rejected a request to abolish its Inclusion & Diversity program,...
Athenahealth to offer Abridge’s AI scribe to its network of thousands of doctors
A doctor looks at an AI-generated clinical note.Courtesy of AthenahealthHealth-care software vendor Athenahealth on Tuesday said it will offer Abridge's artificial intelligence scribing tool to its network of more than 160,000 clinicians. Athenahealth has developed an...
Nvida to report earnings amid infrastructure spending, DeepSeek concerns
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.It's expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter...
PayPal strategy for Venmo to reach $2 billion in revenue in 2027
Justin Sullivan | Getty ImagesAt PayPal's first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn't just an easy way to split the dinner tab.Chriss, who took the helm in September 2023, is trying to spur a turnaround...
Bitcoin drops to a 3-month low below $90,000 in risk-off move
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto...
Earth AI reducing mining time for metals to power the clean economy
As the clean energy economy expands, finding the minerals and metals that power it becomes increasingly critical. The answer might lie with artificial intelligence. Electric cars, solar panels and hydrogen fuel cells all have one thing in common: the need for precious...
Hims & Hers Health (HIMS) Q4 earnings 2024
Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin.Here's how the company did, compared to analysts' consensus estimates...
Chegg sues Google for hurting traffic as it considers alternatives
Chegg seen at the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBCChegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company's traffic...
Bybit replenished reserves after record-breaking $1.5 billion hack
Jakub Porzycki | Nurphoto | Getty ImagesBybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than 72 hours, Bybit pieced together hundreds of thousands of ether tokens through a mix...
PayPal brings many brands under single umbrella, Venmo remains stand-alone
A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesFor Frank Keller, it's a pivotal moment at PayPal. After two years, two CEOs and endless brand strategy meetings, the company is, in...
Big tech companies turn to hydrogen to power AI data centers
Yuval Bachar knows data centers. He's worked on them for Meta, Microsoft and Cisco, but now, his startup is looking to help Silicon Valley run data centers with lower carbon dioxide emissions.ECL, Bachar's startup, builds hydrogen-powered data centers. Hydrogen is a...
Robinhood says SEC dismissed crypto unit investigation in latest sign of easier regulation for industry
The Robinhood logo is seen displayed on a smartphone screen against a computer screen displaying stock market graphs on Oct. 10, 2024.Dominika Zarzycka | Nurphoto | Getty ImagesThe Securities and Exchange Commission is dropping its investigation into Robinhood's...
Apple to open Texas AI server factory in $500 billion U.S. expansion
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple plans to open a...
Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange.Mike Kemp | In Pictures | Getty ImagesEuropean food delivery giant Just Eat Takeaway.com is poised to be...
China-made medical devices are all over U.S., and the Feds are worried
A popular medical monitor is the latest device produced in China to receive scrutiny for its potential cyber risks. However, it is not the only health device we should be concerned about. Experts say the proliferation of Chinese health-care devices in the U.S....
Substack boosts video capabilities amid potential TikTok ban
Rafael Henrique | SOPA Images | APAfter posting almost 200 videos, amassing hundreds of thousands of followers and racking up millions of views, Carla Lalli Music is quitting YouTube. Substack is her new focus. Music is a cookbook author and food content creator, and...
Block, Affirm, PayPal battling to be your all-in-one online bank
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesJack Dorsey's Block got started as Square, offering small businesses a simple way to...
Hackers steal $1.5 billion from exchange Bybit, biggest crypto heist
Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023. Joseph Nair | Bloomberg | Getty ImagesBybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in...
Anne Wojcicki new offer to take 23andMe private for $74.7 million
Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023.Kelly Sullivan | Getty Images Entertainment | Getty Images23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled...
Tesla recalls over 375,000 vehicles in U.S., failing steering systems
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024.Justin Sullivan | Getty ImagesTesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems, according...
Block shares head for worst day in 5 years after earnings miss
Marco Bello | AFP | Getty ImagesBlock shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors.In its financial...
Hims & Hers shares fall after FDA says semaglutide no longer in shortage
Products of Hims & Hers displayed.Hims & HersShares of Hims & Hers Health tumbled more than 23% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.Semaglutide is the active...
Elon Musk has problem with X Community Notes after Ukraine corrections
Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025.Andrew Harnik | Getty ImagesFor X owner...
DeepSeek trained AI model using distillation, now a disruptive force
Chinese artificial intelligence lab DeepSeek roiled markets in January, setting off a massive tech and semiconductor selloff after unveiling AI models that it said were cheaper and more efficient than American ones. But the underlying fears and breakthroughs that...
Apple’s Vision Pro has a problem a year into existence: Too few apps
Apple CEO Tim Cook (L) takes a selfie with a greets customers on arrival for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty ImagesWhen Apple revealed the Vision Pro in 2023, it called the...
Google, Meta execs blast Europe over strict AI regulation
STOCKHOLM — Executives at U.S. tech giants Google and Meta said that Europe's artificial intelligence industry is being held back by excessive regulation, adding to rhetoric from Donald Trump's administration that the region's strict tech rules are choking...
Block (XYZ) earnings Q4 2024
Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021.Joe Raedle | Getty ImagesBlock reported fourth-quarter results on Thursday that...
Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty Images News | Getty...
Meta approves plan for bigger executive bonuses following 5% layoffs
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesExecutives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had...
Amazon surpasses Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022.Michael M. Santiago | Getty ImagesAmazon has dethroned Walmart in quarterly revenue for the first time ever.Amazon...
Amazon wins creative control of James Bond franchise from Broccoli family
Daniel Craig stars as James Bond in "No Time To Die."Source: MGMAmazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday.The James Bond films have long been produced by Michael Wilson...
OpenAI tops 400 million users despite DeepSeek’s emergence
Brad Lightcap of OpenAI.Courtesy: OpenAIOpenAI appears to be growing quickly despite increasing competition. The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company's chief operating...
Oppo Find N5 folding phone: Specs, price, availability
Oppo's new Find N5 folding smartphone on display at a press briefing in London.Ryan Browne | CNBCChinese smartphone firm Oppo has unveiled its new flagship folding phone Thursday, touting a slimmer body and artificial intelligence-focused features in a bid to compete...
Europe risks becoming ‘museum’ without innovating in AI: Swedish PM
Swedish Prime Minister Ulf Kristersson during a press conference on Jan. 17, 2025.Florian Gaertner | Photothek | Getty ImagesSTOCKHOLM — Europe is at risk of becoming a "museum" if it doesn't soften strict curbs on artificial intelligence technologies and deregulate,...
AI startup Baseten raises $75 million following DeepSeek’s emergence
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.The funding round values Baseten at $825 million and demonstrates that venture capitalists believe...
Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be...
AI startup OpenEvidence secures Sequoia funding, $1 billion valuation
Medical technology, AI technology is utilized by doctors for diagnosing increasing the accuracy of patient treatments. Medical research and development innovation technology to improve patient health.Pcess609 | Istock | Getty ImagesAI startup OpenEvidence is raising a...
Apple unveils cheaper iPhone 16e powerful enough to run AI
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024.Victor J. Blue | Bloomberg | Getty ImagesApple announced a new iPhone model on...
Etsy stock tumbles on revenue miss, company reports drop in goods sold
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 missed on revenue and gross merchandise sales for the fourth quarter, with the company citing "significant...
Intel shares pop 10% on report of Broadcom and Taiwan Semi deals
Intel shares rallied more than 10% on Tuesday following a Wall Street Journal report that both Broadcom and Taiwan Semiconductor Manufacturing are potentially weighing bids that could result in splitting the embattled chipmaker.The Wall Street Journal reported that...
Firm representing Musk, Tesla drafts bill for Delaware corporate law
Elon Musk leaves after a meeting with Indian Prime Minister Narendra Modi at Blair House, in Washington, D.C., U.S., February 13, 2025. Nathan Howard | ReutersA law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware...
Elon Musk’s xAI launches Grok 3 model amid tight AI competition
Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk's xAI on Tuesday unveiled its latest artificial intelligence model, Grok 3, claiming it can outperform offerings from OpenAI and China's DeepSeek based on early testing, which included standardized tests on...
Huawei Mate XT trifold launches outside of China: Price, specs
A Huawei Technologies Mate XT smartphone arranged in Hong Kong on Sep. 24, 2024.Lam Yik | Bloomberg | Getty ImagesHuawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S....
DeepSeek ramps up China-U.S. competition but won’t hurt OpenAI
Tech bosses largely agree the risk DeepSeek poses to OpenAI remains limited for now.Bloomberg | Bloomberg | Getty ImagesThe technological advances that Chinese artificial intelligence lab DeepSeek have displayed show the game is on when it comes to U.S.-Sino...
Amazon workers reject union in vote at North Carolina warehouse
File: The Amazon distribution center in Garner, N.C. opened in August 2020. Across four floors, the warehouse covers 2 million square feet.Scott Sharpe | Tribune News Service | Getty ImagesAmazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted...
Crypto, Trump, GOP leadershipo gang up on FDIC over debanking
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023.Angus Mordant | Bloomberg | Getty ImagesAnchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in...
Trump Media (DJT) earnings report 2024
U.S. President Donald Trump signs an executive order establishing the Energy Dominance Council led by Secretary of the Interior Doug Burgum in the Oval Office at the White House on February 14, 2025 in Washington, DC. President Trump signed a second executive order...
Amazon workers face ‘anti-union propaganda’ in Garner, North Carolina
Workers picket in front of an Amazon Logistic Station on December 19, 2024 in Skokie Illinois.Scott Olson | Getty ImagesItalo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of...
Dell shares pop on report of $5 billion deal for AI servers for Elon Musk’s xAI
Dell shares jumped to a session high on Friday following a report saying Elon Musk's startup xAI was getting ready to agree to buy $5 billion in artificial intelligence servers from the hardware maker.The equipment would contain Nvidia's GB200 graphics processing...
Airbnb shares pop most on record after Q4 earnings beat
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb shares surged 14% and headed for their best day ever after the company...
A growing digital ad market is benefiting tech, from Meta to Reddit
Jaque Silva | Nurphoto | Getty ImagesThe digital advertising market is doing so well that even Reddit is getting a cut of the spoils.Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest...
Zuckerberg’s rightward policy shift hits Meta staffers, targets Apple
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump's inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025.Saul Loeb | Afp | Getty ImagesMark Zuckerberg kicked off 2025...
Airbnb (ABNB) Q4 earnings 2024
Thomas Fuller | Lightrocket | Getty ImagesAirbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts' estimates.Here's how the company did compared with what Wall Street was expecting,...
TikTok returns to Apple, Google app stores
Beata Zawrzel | Nurphoto | Getty ImagesTikTok returned to the Apple and Google app stores Thursday evening.The Chinese-owned social media app had been removed from the the two stores on Jan. 18, moments after TikTok's leadership temporarily halted service in the U.S....
Arm shares rise on report that Meta will buy its first chip
Outside view of the newly completed Meta's Facebook data center in Eagle Mountain, Utah on July 18, 2024. George Frey | Afp | Getty ImagesArm shares rose 5% after a Thursday report that it was developing its own chip and that it had secured Meta as one of its first...
AppLovin skyrockets 33% after earnings beat, strong guidance
Piotr Swat | Lightrocket | Getty ImagesShares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets.The ad tech company said on its earnings call it was divesting...
Reddit shares slump 6% on daily active user miss
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty ImagesReddit shares dropped more than 6%...
Tesla humanoid robots rival Apptronik raises $350 million funding
Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots.The funding round was co-led by B Capital and Capital Factory, and included backing...
Prenuvo adds new health tests to full-body scan, fresh funding round
Prenuvo's clinic in New York City, New York.Courtesy of PrenuvoPreventative health startup Prenuvo on Thursday announced it will offer three new health assessments in addition to its flagship full-body MRI scan.The company is launching a detailed blood test,...
Crypto scams thrive in 2024 on back of ‘pig butchering’ and AI: Report
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimatesBoonchai Wedmakawand | Moment | Getty ImagesCrypto fraud revenue is estimated to have hit record levels last year amid a surge in...
Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit: lawyers
Elon Musk will withdraw his $97.4 billion bid for OpenAI's non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing."If OpenAI, Inc.'s Board is prepared to preserve the charity's mission and stipulate to take the...
Apple brings its TV streaming service to rival Android platform
Britt Lower and Adam Scott in "Severance," now streaming on Apple TV+.Source: Apple TV+Apple TV+ is now available on Android devices as the iPhone maker on Wednesday released its video streaming service for Google's mobile computing platform. It's unusual for Apple...
India’s Modi to meet with Trump, Musk as trade tensions mount
India's Prime Minister Narendra Modi on Sept. 4, 2024.Dean Kassim | Afp | Getty ImagesIndian Prime Minister Narendra Modi is headed to Washington, D.C., for meetings with President Donald Trump and members of his administration, including Elon Musk, to discuss topics...
Cisco (CSCO) Q2 earnings report 2025
Cisco CEO Chuck Robbins speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal...
Google to test using AI to determine users’ ages
Google chief executive Sundar Pichai speaks during the tech titan's annual I/O developers conference on May 14, 2024, in Mountain View, California. Glenn Chapman | Afp | Getty ImagesGoogle will start using artificial intelligence to determine whether users are age...
AppLovin soars almost 30% on earnings, guidance beat
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts' estimates and issued better-than-expected guidance.Here's how the company performed...
Reddit (RDDT) Q4 earnings reports 2024
Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | Afp | Getty ImagesReddit shares fell more than 15%...
Apple will integrate Alibaba’s AI into iPhones in China, Chairman Joe Tsai says
An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesAlibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China, speaking at the World...
Sony earnings Q3 2025
Sony PlayStation games are displayed at a Best Buy store on December 17, 2024 in San Rafael, California.Justin Sullivan | Getty ImagesSony on Thursday raised revenue and profit forecasts for the full year after reporting a significant jump in gaming sales for the...
Lyft shares sink 9% on underwhelming fourth-quarter results
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition.The company reported revenues of $1.55 billion, versus the $1.56 billion expected by...
Neuralink competitor Paradromics partners with Saudi Arabia’s Neom
Paradromics scientists at workSource: ParadromicsTexas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia's Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region.Neom is a...
Apple launches Apple Health Study with Brigham and Women’s Hospital
Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesApple is deepening its investment in health-care research by launching a new, years-long project...
Fintech unicorn Zepz to lay off 200 employees, sources say
Mark Lenhard, CEO of U.K.-based remittances platform Zepz.Lukas Schulze | Sportsfile for Web Summit via Getty ImagesLONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and...
Anduril to take over Microsoft’s $22 billion U.S. Army headset program
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California on October 16, 2023.Patrick T. Fallon | AFP | Getty ImagesAnduril Industries, Palmer Luckey's defense-tech startup,...
Amazon opens its first beauty and personal care store in Italy
Amazon is opening a beauty and health products store in Milan, Italy, marking the company's latest brick-and-mortar experiment.The store is located in the city center of Milan, and features a range of beauty and personal care items, as well as nonprescription drugs,...
Super Micro ‘confident’ it will meet SEC deadline
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed...
Tesla drops 7% on self-driving competition, Musk OpenAI distractions
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC.Andrew Harnik | Getty ImagesTesla shares dropped 6% on Tuesday after Chinese rival BYD announced...
Chinese tech giant Baidu to release next-generation AI model this year
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — China's Baidu plans to release the next generation of its artificial intelligence model in the second half of this year,...
Europe wants to be part of AI race against China and U.S.
Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025.Aurelien Morissard | Via ReutersPARIS — Music was blaring and people...
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersSoftBank Group posted a surprise quarterly loss Wednesday as investments under its Vision Funds fell into red. The Japanese company's revenue also missed...
FIS shares plunge on Q4 2024 earnings
Lori Moffett | Bloomberg | Getty ImagesShares of Fidelity National Information Services plunged the most since 2023 on Tuesday after the company reported quarterly earnings that fell short of Wall Street estimates and issued a disappointing forecast.The stock dropped...
Shopify removes Ye website selling swastika shirts after Super Bowl ad
Rapper Ye, formerly known as Kanye West, performs onstage during a "Vultures 1" concert in Inglewood, California on March 14, 2024.Scott Dudelson | Getty Images Entertainment | Getty ImagesShopify has taken down a site advertised by rapper Ye, formerly known as Kanye...
Shopify beats on fourth-quarter revenue, but gives mixed guidance
An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Chris Wattie | ReutersShopify on Tuesday reported better-than-expected sales for the fourth quarter but missed on earnings. Shares fell more than 1% in early trading.Here's how the company...
After DeepSeek, AI version of trade war is one U.S. won’t win easily
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023.I-Hwa Cheng | Bloomberg | Getty ImagesThe U.S. government's effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most...
Affirm partners with FIS on Buy Now, Pay Later debit cards
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesAffirm, the online lender founded by Max Levchin, expanded beyond credit and entered the...
Sam Altman says Musk aims to ‘slow down a competitor’ with OpenAI bid
PARIS — Elon Musk aims to "slow down a competitor" when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company's CEO Sam Altman told CNBC on Tuesday.Asked how seriously he is taking Musk's bid, which Altman previously...
EU says AI race far from over as bloc pledges 50-billion-euro investment
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty ImagesEuropean Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total...
Google Calendar removes start of Black History, Women’s History months
The Google Calendar logo is displayed on a tablet.Igor Golovniov | Sopa Images | Lightrocket | Getty ImagesGoogle's popular online and mobile calendars no longer include reference to the first day of Black History Month or Women's History month, among other holidays...
U.S. will defend American AI, block ‘weaponization’ of tech
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the...
AppDynamics founder Jyoti Bansal merges startups Harness, Traceable
Jyoti Bansal, co-founder and CEO of startup Harness.HarnessJyoti Bansal knows about weird acquisitions.Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster IPO. A day before the offering, Cisco swooped in and bought the company for...
France’s answer to Stargate: Macron announces AI investment
French President Emmanuel Macron greets journalists after meetings with guests at the Elysee Palace before the opening ceremony of the Paris 2024 Olympic Games in Paris, France, July 26, 2024. REUTERS/Yara NardYara Nardi | ReutersFrance's artificial intelligence...
Deepseek’s AI model ‘the best work’ out of China: Google Deepmind CEO
Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024.Pau Barrena | Afp | Getty ImagesPARIS — Deepseek's AI...
Hims & Hers faces lawmaker scrutiny over ‘misleading’ Super Bowl ad
Hims & Hers is facing scrutiny from lawmakers over an advertisement for its weight loss offerings that's slated to run during the Super Bowl on Sunday.Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., wrote a letter to the U.S. Food and Drug Administration on...
Anduril in talks to raise money at $28 billion valuation
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked...
Trump delays ending of de minimis trade exemption targeting China
Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China.Vcg | Visual China Group | Getty ImagesPresident Donald Trump signed an executive order on Friday that...
Tax season is back. So are the fake IRS emails, texts and other scams
Tax season has officially started, so you should prepare to file your 2024 tax return, and prepare for the scammers who are already prowling. Don't get baited and hooked.Many people are lax about protecting their personal information online, and there's more reason...
Elon Musk’s X faces criminal probe in France over algorithm concerns
French prosecutors on have opened an investigation into Elon Musk's X over allegations that it distorted its algorithms to manipulate discourse taking place on the social media platform.The Paris public prosecutor's office said it received a report from a French...
Amazon scrubs DEI mention from its annual report
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon has removed any references to diversity and inclusion from its most recent annual report.The company filed...
Doximity shares pop 30% on revenue beat, rosy guidance
Piotr Swat | Lightrocket | Getty ImagesDoximity shares ripped more than 30% higher on Friday, a day after the company reported fiscal third-quarter results that beat Wall Street's expectations for revenue and guidance.Doximity is a digital platform for medical...
Affirm shares soar 16% on revenue beat, surprise profit during holiday
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 jumped 16%...
Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC's David Faber.SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to...
Pinterest shares rocket 19% on strong revenue and user growth
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 19% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion...
NFL goes after Gen Z fans by courting social media content creators
Katie Austin normally publishes fitness content to her Instagram and YouTube channel. But this week, she's been posting a steady trickle of content from New Orleans.That's because Austin, 31, from California, is one of hundreds of creators who have swarmed the Big...
UK orders Apple to let it access encrypted accounts: Washington Post
People lined up outside of Apple Store on University Ave. in Palo Alto, California, United States on September 20, 2024 as Apple's iPhone 16 sales officially begins. Tayfun Coskun | Anadolu | Getty ImagesThe U.K. has ordered Apple to provide officials access to users'...
Amazon’s advertising business grew 18% in the fourth quarter
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon's online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago....
Pinterest shares surge 20% after company beats on fourth-quarter revenue
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue.Here's how the company did, compared to analysts' consensus estimates from LSEG:Revenue: $1.15...
Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty ImagesSales of Tesla's cars to China fell in January, as competition from domestic rivals continued...
Top scientists warn of out-of-control AI
Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC's "Beyond The Valley" in Davos, Switzerland in January 2025.CNBCArtificial general intelligence built like "agents" could prove...
Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
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 US President in the US Capitol Rotunda in...
Doximity (DOCS) Q3 earnings 2025
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts' expectations for revenue...
Alphabet’s Verily to sell insurance business to Elevance Health
Verily headquarters in San Bruno, California.Courtesy: VerilyVerily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday.Verily is one of...
Amazon expects to spend $100 billion on capital expenditures in 2025
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 Images Entertainment | Getty ImagesAmazon said Thursday it...
AWS earnings Q4 2024
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from its cloud-computing business...
Affirm (AFRM) earnings report Q2 2025
Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG:Earnings per...
DeepSeek can be a force multiplier for smaller AI chip firms
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia's market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup.Several...
Whole Foods cites Trump’s NLRB purge as grounds to reject union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to...
Amazon (AMZN) Q4 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the market close.Here's what analysts are expecting:Earnings:...
Roblox plummets 16% on disappointing bookings, daily active users miss
Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily...
Amazon set to pass Walmart in revenue for first time
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 Images Entertainment | Getty ImagesAmazon long ago passed...
Salesforce picks Robin Washington to be finance, operating leader
Robin Washington speaks on stage during the 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center in San Jose, California, on Feb. 22, 2019.Marla Aufmuth | Wireimage | Getty ImagesSalesforce on Wednesday said former Gilead Sciences...
Fiserv (FI) Q4 2024 earnings report
Fiserv CEO Frank J. Bisignano at the New York Stock Exchange on June 7, 2023.Source: NYSEShares of Fiserv jumped more than 7% on Wednesday to a record after the payments company reported better-than-expected fourth-quarter earnings and issued guidance that also topped...
Qualcomm (QCOM) Q1 earnings report 2025
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm reported better-than-expected fiscal first-quarter results Wednesday and issued strong guidance for the current period.Here's how the chipmaker did...
Google scraps diversity ‘aspirations,’ as a federal contractor
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023.Justin Sullivan | Getty Images News | Getty ImagesGoogle is scrapping its diversity goals, becoming the latest tech giant to alter its...
Temu steers users to ‘local’ products after Trump ends de minimis
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 ImagesChinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in...
AMD shares drop 10% on disappointing data center revenue
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices shares fell more than 10% on Wednesday after the chipmaker...
Alphabet shares fall 7% on revenue miss, heightened AI investments
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAlphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street's fourth-quarter revenue expectations and...
Teladoc Health to acquire Catapult Health in $65 million deal
Pavlo Gonchar | Lightrocket | Getty ImagesTeladoc Health on Wednesday announced it will acquire the preventative care company Catapult Health in an all-cash deal for $65 million.Catapult offers an at-home wellness exam that allows members to check their blood...
USPS says it will resume accepting inbound packages from China, Hong Kong
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty ImagesThe U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after...
Stripe closes $1.1 billion Bridge deal, prepares for stablecoin push
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022's Italian Tech Week in Turin, Italy.Giuliano Berti | Bloomberg | Getty ImagesSAN FRANCISCO — What started as a casual roundtable at Stripe's headquarters to discuss issues facing fintech companies turned...
Uber (UBER) Q4 earnings 2024
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCUber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter...
Uber opens ‘interest list’ for Waymo robotaxi rides in Austin
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCRide-hailing and food delivery app Uber is opening its "interest list" to users in Austin, Texas, who want to be...
Match appoints Zillow co-founder Spencer Rascoff as CEO
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesMatch Group announced on Tuesday that Zillow...
AMD earnings report Q4 2024
AMD CEO Lisa Su.Courtesy: AMDAdvanced Micro Devices reported fourth-quarter results on Tuesday that beat Wall Street expectations for sales and earnings, but the stock fell about 6% in extended trading as the company missed estimates in its key data center...
Alphabet will invest about $75 billion in capital expenditures in 2025
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 | ReutersAlphabet CEO Sundar Pichai said the company...
Snap Q4 earnings report
Snap shares jumped in extended trading Tuesday after the company reported better-than-expected fourth-quarter results.Here is how the company did compared with Wall Street's expectations:Earnings per share: 16 cents adjusted vs. 14 cents expected, according to...
Trump crypto czar David Sacks says priority is stablecoin legislation
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 ImagesAs David Sacks, the newly appointed White House...
Apple shares fall after China reportedly considers probe into App Store
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesApple shares fell on Wednesday after...
Google removes pledge to not use AI for weapons, surveillance
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle has removed a pledge to abstain from using AI for potentially harmful applications, such as...
USPS temporarily suspends some inbound packages from China, Hong Kong
A United States Postal Service employee at work in New York City on Dec. 4, 2023.Brendan Mcdermid | ReutersThe U.S. Postal Service said Tuesday it's temporarily suspending all inbound packages from China and Hong Kong Posts.The change is effective immediately and will...
Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | ReutersJapan's Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, while announcing that it will set up a new company in China to...
Amazon to face legal action after Quebec warehouse closures
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon is set to face legal action from a Canadian union after the company's decision to wind down...
Apple launches app for party invitations in recurring revenue push
Apple CEO Tim Cook gestures as he poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. Louisa Gouliamaki | ReutersApple on Tuesday released a...
Alphabet Q4 earnings report 2024
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 | ReutersGoogle parent company Alphabet is...
Spotify shares pop 10% after company reports first profitable year
Spotify's Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024.Laure Andrillon | ReutersSpotify shares climbed 10% Tuesday after the music streaming...
Palantir soars more than 23% as AI powers strong earnings and guidance
Alex Karp, CEO of Palantir Technologies, poses beside the company's logo ahead of an interview with Reuters in the Alpine resort of Davos, Switzerland, on May 23, 2022.Arnd Wiegmann | ReutersPalantir surged more than 23% in premarket trading Tuesday after reporting...
HR unicorn Deel prepares for IPO as soon as 2026
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesHuman resources software firm Deel said it has hit an annual revenue run rate of $800 million and is...
PayPal (PYPL) Q4 earnings
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts' expectations.Here's how the company did compared with Wall Street estimates, based on a survey of...
Tesla shares fall 5% on tariffs, drop in Europe vehicle registrations
Oslo Taxi's Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesTesla shares declined about 5% on Monday...
Palantir (PLTR) Q4 earnings 2024
Alex Karp, CEO of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, on on March 7, 2024.David Paul Morris | Bloomberg | Getty ImagesPalantir shares surged as much as 22% in extended...
Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89
Dick Kramlich, founder of New Enterprise Associates, discusses on "Sexism in the valley" during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty ImagesDick Kramlich, the venture capital pioneer...
DeepSeek breakthrough emboldens open-source AI models like Meta Llama
Omer Taha Cetin | Anadolu | Getty ImagesDeepSeek's powerful new artificial intelligence model isn't just a win for China — it's a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts...
Asia tech stocks rise after Trump pauses tariffs on Canada and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018.Justin Chin | Bloomberg | Getty ImagesAsian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico...
How DeepSeek’s new AI models are impacting the profits of global companies
China's DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the...
China to launch probe into Google over alleged antitrust violations
In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty ImagesChina said Tuesday it will launch an investigation into Google over alleged antitrust violations.The country's State Administration for Market...
Nintendo Switch 2 in focus as gaming giant posts profit miss
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third...
Apple shares fall on concern Trump tariffs on China will hit profit
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.Pedro Pardopedro Pardo | Afp | Getty ImagesApple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company...
Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole
Jakub Porzycki | Nurphoto | Getty ImagesShares of Temu parent PDD Holdings slid more than 5% on Monday, after President Donald Trump's tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers.Trump on...
Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets
TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty ImagesMeme coins plummeted over the weekend as President...
Fintech GoCardless halves loss, targets full-year profit by 2026
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it's aiming to reach full-year profitability by 2026.The London-based startup, which helps...
Bitcoin slides toward $90,000 after Trump orders tariffs
U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price of bitcoin was last lower by 7%...
EU kicks off landmark AI Act enforcement as first restrictions apply
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 formally kicked off enforcement of its landmark artificial intelligence...
Why deleting China’s DeepSeek AI may be next for millions of Americans
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty Images News | Getty...
DeepSeek Nvidia chip questions: Singapore responds
Singapore's Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China's DeepSeek to produce its AI model.Markets were rocked...
Google offers ‘voluntary’ buyouts to hardware and platform teams
Google's Senior Vice President Hardware, Rick Osterloh, speaks during a launch event in San Francisco, October 4, 2017.Stephen Lam | ReutersGoogle is offering buyouts to employees in its "Platforms and Devices" unit ahead of expected cuts.That unit includes more than...
Atlassian pops 20% on better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 20% in premarket trading after blowing past Wall...
TikTok Traffic Bounces Back as Creators Diversify Amid Shutdown Fears
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersTikTok has nearly bounced back to its original traffic levels after usage fell 85% when the app temporarily shut...
OpenAI in talks to raise up to $40 billion at $340 billion valuation
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 is in talks to raise up to...
Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty ImagesApple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business.In its fiscal first-quarter earnings report on Thursday, Apple reported a...
Instagram tests Reels pause feature as TikTok remains in limbo
Nurphoto | Nurphoto | Getty ImagesMeta is testing a long-awaited pause feature on Instagram Reels that will allow users to start and stop videos with just one tap.The new feature is the latest sign that Meta is looking to capitalize on TikTok's uncertain future in the...
Apple points to ‘fiscal stimulus’ after steep China sales decline
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis.It was the worst quarter by growth rate since the December quarter a year ago, and marks the sixth straight quarter of declines in Apple's...
Intel (INTC) Q4 earnings report 2024
Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours.Here's how the company did in the fourth quarter compared with LSEG estimates:Earnings per share: 13 cents adjusted vs. 12...
Samsung flags chip slowdown as profit drops sharply from previous quarter
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three months as it ramps up R&D...
Crypto PAC Fairshake has $116 million on hand for 2026 election
Fairshake, the super PAC bankrolled by crypto's biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.The fundraising total, which includes $11 million in new contributions, cements Fairshake as...
Apple (AAPL) Q1 earnings 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 December-quarter earnings Thursday after...
UPS shares tank after weak guidance, plan to slash Amazon deliveries
Amazon Prime and UPS trucks are seen on a building in Washington DC, United States on July 12, 2024. Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service plunged more than 17% Thursday after the company issued weak revenue guidance for the year and...
IBM jumps nearly 13%, heads for best day since 2000 on strong earnings
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | ReutersIBM surged 14% Thursday on the back of a strong fourth-quarter print that showed...
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday.The...
OpenAI partners with U.S. National Laboratories on scientific research
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 at White House in Washington, U.S., January 21, 2025. Carlos Barria | ReutersOpenAI on Thursday said the U.S....
Why LA’s water system failed during Palisades Fire
As thousands of homes started to burn across Los Angeles on Jan. 7, fire hydrants stopped working. The rapid spread of flames in winds up to 100 miles per hour was happening too quickly for water pumps to keep up. It shocked the system and those fleeing the...
China’s DeepSeek has some big AI claims; not all experts are convinced
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI's and cost a fraction of the price to build.The assertions — specifically that DeepSeek's large language model cost just $5.6 million to train — have...
Amazon cuts some jobs in its communications, sustainability units
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon is laying off some employees in its communications and sustainability units, an executive overseeing the...
Meta’s Reality Labs posts $5 billion loss in fourth quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to lose billions of dollars developing the virtual reality and augmented...
IBM shares rise 9% on earnings beat
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.Yves Herman | ReutersIBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and...
Mark Zuckerberg starts Meta earnings call by praising Trump
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Tesla CFO says tariffs would ‘have an impact’ on profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersPresident Donald Trump campaigned on a promise to slap tariffs on goods from many...
Meta won’t slow AI spending despite DeepSeek’s breakthrough
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 CEO Mark Zuckerberg on Wednesday said it's too early to tell what impact DeepSeek's...
Tesla reports $600 million profit boon from digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024.Joe Skipper | ReutersTesla's bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for...
Microsoft (MSFT) Q2 earnings report 2025
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024.Brendan McDermid | ReutersMicrosoft will report fiscal second-quarter results after the U.S....
Tesla TSLA 2024 Q4 earnings
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty ImagesTesla plans to release fourth-quarter results after the bell...
Meta Q4 earnings report 2024
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading.Here is what analysts...
Britain takes stake in SpaceX rival Orbex to boost space ambitions
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets.Michal Wachucik | AFP via Getty ImagesThe U.K. government announced Wednesday a £20 million ($24.8 million)...
ASML CEO sees low-cost AI models like DeepSeek driving more demand
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China's DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday.ASML beat estimates on both sales and profit for the...
U.S. Navy bans use of DeepSeek AI: ‘Imperative’ to avoid using
Samuel Boivin | Nurphoto | Getty ImagesThe U.S. Navy has instructed its members to avoid using artificial intelligence technology from China's DeepSeek, CNBC has learned.In a warning issued by email to "shipmates" on Friday, the Navy said DeepSeek's AI was not to be...
Google reclassifies U.S. as ‘sensitive country’ like China, Russia
Jaque Silva | Nurphoto | Getty ImagesGoogle's maps division on Monday reclassified the U.S. as a "sensitive country," a designation it reserves for states with strict governments and border disputes, CNBC has learned. The new classification for the U.S. came after...
Qorvo (QRVO) Q3 earnings report, weakness at Apple
Qorvo logo of a US semiconductor company is seen displayed on a smartphone and pc screen.Sopa Images | Lightrocket | Getty ImagesShares of semiconductor supplier Qorvo, which counts on Apple for an outsized amount of revenue, plunged in extended trading after the...
23andMe is exploring strategic alternatives, looking to raise capital
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 said on Tuesday...
Tesla shareholders want answers about Musk salute, role in Trump WH
U.S. President-elect Donald Trump greets Tesla CEO and X owner Elon Musk during a rally the day before Trump is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | ReutersTesla's fourth-quarter earnings report lands...
ASML earnings report Q4 2024
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Peter Boer | Bloomberg | Getty ImagesDutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong...
Google employees petition for ‘job security’ ahead of expected cuts
The Google logo is displayed during the Made By Google event at Google headquarters on August 13, 2024 in Mountain View, California. Justin Sullivan | Getty ImagesGoogle employees have begun circulating an internal petition titled "job security" ahead of expected cost...
OpenAI launches ChatGPT Gov for U.S. government agencies
OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It's called ChatGPT Gov and was built specifically for U.S. government use.The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security....
Microsoft’s underperformance has investors looking to cloud for growth
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft is in the middle of the artificial intelligence boom, but it's been a while since investors have seen...
UK raises cloud competition concerns, singles out Microsoft and Amazon
Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said.Cesc Maymo |...
Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.'s high-bandwidth memory chips, a final required...
Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit.Leigh Vogel | Getty Images Entertainment | Getty ImagesAmazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced...
Google Maps to show Gulf of America after government updates
The Gulf of Mexico as seen on Google Maps.Source: Google MapsGoogle said Monday it will change the name of the Gulf of Mexico to "Gulf of America" in Google Maps after the Trump administration updates its "official government sources."The company also said it will...
Japan chip stocks extend losses as DeepSeek worries fuel Wall Street tech rout
A sales clerk shows off Elpida Memory Inc. memory chips at an electronics shop in Tokyo, Japan, on Thursday, March 5, 2009.Tomohiro Ohsumi | Bloomberg | Getty ImagesShares in Japan's chip-related companies extended declines for a second day as Chinese startup...
Whole Foods workers vote to form Amazon chain’s first union
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods employees at a Philadelphia store voted to form a union Monday night, marking the...
SoftBank-backed TravelPerk doubles valuation, plans fintech push
TravelPerk CEO and co-founder Avi Meir.TravelPerkTravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC.The fresh financing doubles TravelPerk's...
Apple turns its AI on by default in latest software update
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple on Monday...
DeepSeek hit with large-scale cyberattack, says it’s limiting registrations
DeepSeek on Monday said it would temporarily limit user registrations "due to large-scale malicious attacks" on its services, though existing users will be able to log in as usual. The Chinese artificial intelligence startup has generated a lot of buzz in recent weeks...
Here’s what you should know
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI's coveted spot as the most-downloaded free app in the U.S. on Apple's App Store, dethroning ChatGPT for DeepSeek's AI Assistant. Global tech stocks sold-off and were on pace to wipe out...
Trump tariffs could raise prices on laptops, smartphones and AI
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty ImagesThe world's most valuable chipmaker and the world's largest contract manufacturer for...
Bitcoin tumbles below $98,000 in risk-off move as Nasdaq stocks are crushed
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesCryptocurrencies tumbled to begin the final week of January, with the market in a cooling period after running to a new record and pulled...
Perplexity Tiktok revised merger proposal
Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag.Nurphoto | Nurphoto | Getty ImagesPerplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new...
After TikTok, your home WiFi may be next Chinese tech ban target
The logo of TP-Link appears on the products of router manufacturer TP-Link in Fuyang, China, on December 19, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesWhile the TikTok ban has lawmakers scurrying and chatter about Chinese...
Meta is paying creators to promote Instagram on other video apps
Instagram added a new short-form video feature to the image-focused platform in a direct challenge to TikTok.Chris Delmas | AFP | Getty ImagesMeta is offering deals to creators to promote Instagram on other short-form video apps, including TikTok, Snapchat and...
Crypto gets quick return on Trump investment after funding campaign
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 ImagesCrypto executives,...
Alphabet shares close above $200 for first time since stock split
Sundar Pichai, CEO of Alphabet Inc.Kyle Grillot | Bloomberg | Getty ImagesAlphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company's opportunities in artificial intelligence.The stock gained 1.1% on...
Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday.The experiment marks Meta's first run at generating revenue from Threads....
Twilio shares pop 22%, head for biggest gain since 2020 on growth forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioTwilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications...
Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
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 | ReutersMeta CEO Mark Zuckerberg on Friday announced the company plans to...
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty ImagesAfter years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The...
How China’s new AI model DeepSeek is threatening U.S. dominance
A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America's best despite being built more cheaply and with less-powerful chips. DeepSeek, as the lab is called, unveiled a free, open-source...
Trump crypto plans have Wall Street CEOs excited about digital assets
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 ImagesJust days...
Twilio stock surges after company issues optimistic 2027 forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioCloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years.The company sees its adjusted operating margin...
Trump signs executive order on crypto, digital asset stockpile
U.S. President Donald Trump holds a signed executive order on cryptocurrencies in the Oval Office of the White House in Washington on Jan. 23, 2025.Kevin Lamarque | ReutersPresident Donald Trump signed an executive order on Thursday to promote the advancement of...
Tesla starts sales of revamped Model Y in U.S. for about $60,000
Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the company's website.The Model Y Juniper has a price tag of $59,990, not including a federal tax credit of $7,500 for new electric vehicle...
Trump is searching for potential TikTok buyers — who are the likely contenders?
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersPresident Donald Trump wants a U.S. investor to take a major stake in ByteDance's TikTok. Several parties are in...
OpenAI Operator agent can automate tasks such as vacation planning
OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks such as planning vacations, filling out forms, making restaurant reservations and ordering groceries.The tool, announced on Thursday, is called Operator. OpenAI describes it as...
Google restores Joe Biden to list of US presidents after ‘data error’
David Gray | Bloomberg | Getty ImagesGoogle on Thursday blamed a "data error" after users reported that former President Joe Biden was missing from the company's search results.Users on Wednesday noticed that results for search queries that included "US Presidents,"...
Ivanka Trump warns investors that meme token bearing her name is fake
Hakan Nural | Getty ImagesIvanka Trump, the daughter of President Donald Trump, is warning investors against buying a fraudulent crypto coin bearing her name."It has come to my attention that a fake crypto coin called 'Ivanka Trump' or '$IVANKA' is being promoted...
EA shares plunge 19%, on track for worst day since dot-com bubble
A sign is posted in front of the Electronic Arts headquarters in Redwood City, California, on March 30, 2023.Justin Sullivan | Getty ImagesShares of Electronic Arts headed for their steepest drop since 1999 after the video game publisher cut its full-year bookings...
Scale AI CEO says China has quickly caught the U.S. with DeepSeek
The U.S. may have led China in the artificial intelligence race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed.Wang, whose company provides training data to key AI players including OpenAI, Google and Meta,...
Apple and Google hit with UK antitrust probe into mobile ecosystems
Omar Marques | Lightrocket | Getty ImagesLONDON — Britain's competition regulator on Thursday launched an investigation into Apple and Google's huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.'s strict new digital competition...
EA lowers Q3 guidance as soccer and other games ‘underperformed’
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...
Microsoft’s business development chief Chris Young resigns
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions...
Nvidia supplier SK Hynix posts record quarterly profit on strength of AI boom
Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSouth Korea's SK Hynix, one of the largest memory chipmakers in the world, posted record quarterly earnings Thursday on the back of strong sales of...
Here’s why you’re suddenly following President Trump on Instagram
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Google agrees to new $1 billion investment in Anthropic
Dario Amodei, Anthropic CEO, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCGoogle has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a source familiar...
specs, price, release date, AI features
Samsung S25 Ultra on display at one of Samsung's stores in London, U.K. Samsung has boosted the capabilities of the S25 on the Ultra model.Arjun Kharpal | CNBCSamsung Electronics on Wednesday launched its latest flagship smartphones — the Galaxy S25 series — touting a...
Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi.DatabricksData analytics software startup Databricks said Wednesday that Meta has signed on as an investor.As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta...
Abnormal Security hires former ServiceNow executive to be CFO
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it's hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO.Abnormal is going after a longstanding...
How Bluesky, Twitter’s one-time side project, is challenging X
Billionaire Mark Cuban, New York Democratic Rep. Alexandria Ocasio-Cortez and author Stephen King are all now on Bluesky. The social media platform is the brainchild of Twitter co-founder Jack Dorsey, who conceived Bluesky as a side project inside Twitter in 2019....
UK replaces CMA chair with ex-Amazon boss after anti-growth criticism
Doug Gurr, Amazon's former U.K. head, has been appointed chair of the Competition and Markets Authority.David M. Benett | Getty Images for AmazonLONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations...
Reddit shares rise 7%, hit record as Raymond James raises price target
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...
Stripe cuts 300 jobs in product, engineering and operations
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesStripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed....
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024.Jaap Arriens | Nurphoto | Getty ImagesPresident Donald Trump said on Tuesday that he'd consider the possibility of Tesla CEO...
Microsoft loses status as OpenAI’s exclusive cloud provider
From left, President Donald Trump, Oracle Executive Chairman Larry Ellison, SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman appear in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced a joint venture to fund artificial...
Kevin O’Leary says he will ‘love to do a TikTok deal’
Kevin O'Leary is seen in Midtown Manhattan, New York City, on May 28, 2024. James Devaney | Gc Images | Getty ImagesCanadian investor Kevin O'Leary is still interested in a TikTok deal, but it's not possible under current law, he told CNBC, as President Donald Trump...
Trump meme coin gives crypto greenlight to return to days of NFT bubble
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. Paul Yeung | Bloomberg | Getty...
Oracle shares surge on involvement in US AI infrastructure initiative
Oracle co-founder Larry Ellison, center, watches Andy Murray of Great Britain against Alexander Zverev of Germany during their third round match on Day 9 of the BNP Paribas Open at the Indian Wells Tennis Garden on October 12, 2021 in Indian Wells, California.Clive...
Nvidia passes Apple again to become world’s most valuable company
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Why U.S. companies struggle to replicate China’s WeChat ‘super app’
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks.Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop...
Bitcoin slips, Trump token plunges over 20% as crypto market cools
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 ImagesBitcoin and...
Trump crypto-fueled inauguration makes family billions of dollars
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening.MacKenzie SigalosAs the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming...
Tesla lost $15 billion in brand value in 2024, Brand Finance found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesThe value of Tesla's brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and...
TSMC confident in continued CHIPS Act funding under Trump, says CFO
TSMC Arizona's first chip fab on November 7, 2024Katie TarasovU.S. President-elect Donald Trump has accused Taiwan of "stealing" his country's chip industry. But Taiwan's biggest chip company is confident the Trump administration will continue funding its projects in...
Bitcoin jumps to a new record above $109,000 as traders cheer Trump inauguration, meme coins
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin hit a new all-time high overnight after the incoming first couple launched a pair of meme coins and as traders await the inauguration of incoming President Donald Trump.On Monday the flagship cryptocurrency was last...
Trump provides assurances company needed
TikTok was available to some U.S. users on Sunday after President-elect Donald Trump said that he would sign an executive order on Monday to delay a federal ban of the app.In a statement on X, the company wrote that it would bring back access to its American users....
LA wildfires put Stand in spotlight as homeowners seek insurance
An aerial view of repair vehicles at sunset passing near beachfront homes that burned in the Palisades Fire as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California. Mario Tama | Getty ImagesMidway through December, tech...
Perplexity AI makes a bid to merge with TikTok U.S.
Jakub Porzycki | Nurphoto | Getty ImagesPerplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to create a new merged entity combining Perplexity, TikTok U.S. and new capital partners, CNBC has learned.The new...
Apple, Google remove TikTok from stores as app halts service in U.S.
Apple and Google removed TikTok from their app stores Saturday night, complying with a law requiring China's ByteDance to divest the social app or see it face an effective ban in the U.S. The Apple App Store and the Google Play store's removal of TikTok means people...
Solana surges 12% on launch of Trump-themed memecoin, ether falls
The Solana logo on a phone screen and representation of cryptocurrencies are seen in this photo taken in Krakow, Poland, Aug. 21, 2021.Jakub Porzycki | NurPhoto | Getty ImagesSolana's SOL token rocketed after a memecoin linked to President-elect Donald Trump launched...
Google Maps turns 20, adds AI features, new countries to beat Apple
Two decades ago, Google co-founder Larry Page had an idea that would forever change the way we navigate the world."Larry drove down some of these streets with a video camera and handed it to someone and said, 'Hey, what can you do with this?'" said Maria Biggs,...
GLP-1s, Brian Thomson killing loom large at JPM Health
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesSan...
TikTok creators post farewell videos to their fans ahead of U.S. ban
With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans."I never even in a million years ever thought that anybody would ever just care about what I say," Kimberly Rhoades, a creator of humorous...
TikTok says it will go dark on Sunday unless Biden intervenes
Beata Zawrzel | Nurphoto | Getty ImagesTikTok said its services will go dark on Sunday without a guarantee from the Biden administration that it won't punish Apple, Google and other service providers if they support the app."Unless the Biden Administration immediately...
Crypto firm DCG to pay SEC $38.5 million for misleading investors
Barry Silbert, founder and chief executive officer of Digital Currency Group Inc., speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019.Bloomberg | Bloomberg | Getty ImagesDigital Currency Group, the crypto...
Sam Altman posts letter from senators concerned about OpenAI donations
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesU.S. Senators on Friday expressed concern to OpenAI CEO Sam Altman that...
This startup plans to recycle aluminum from cars and keep it all in the U.S.
The drive to recycle just about everything is gaining ground, but the process — separating out all the different materials and item types — can be both confusing and tedious for consumers. For industrial recycling, it can be even more cumbersome.Scrap metal, in...
Supreme Court rules to uphold TikTok ban, setting stage for shutdown
The Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday or face an effective ban of the popular social video app in the U.S.ByteDance has so far refused to sell TikTok, meaning many U.S. users could lose access...
Bumble founder Whitney Wolfe Herd to return as CEO
Whitney Wolfe Herd speaks onstage in Dana Point, California.Joe Scarnici | Getty Images EntertainmentBumble founder Whitney Wolfe Herd will return to the company as CEO, a little over a year after she stepped down from the role, the company announced Friday.The...
Bitcoin gains as Trump reportedly plans crypto executive order
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as day 1 of his new term.The price of the flagship...
Why tech companies like Amazon, Google and TSMC are in Phoenix
Tech might not be the first thing that comes to mind when one pictures Phoenix. The city is better known for its golf courses, Major League Baseball's Spring Training, retirement appeal and scorching heat. But its growth into an innovation hub has been quietly playing...
Honor CEO George Zhao resigns due to personal reasons
George Zhao, Chief Executive Officer of Chinese consumer electronics brand Honor, smiles as he shows the new Honor Magic 6 Pro smartphones during a presentation on the eve of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in...
Many banks aren’t ready for tough new EU cybersecurity law
Traffic_analyzer | Digitalvision Vectors | Getty ImagesTough new European Union regulations requiring banks to bolster their cybersecurity systems officially come into effect Friday — but many of the bloc's financial services firms aren't yet in full compliance with...
Amazon lays off about 200 employees in its stores unit
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 laying off roughly 200 employees in its North America...
Apple has worst day since August, down 11% from December peak
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty ImagesApple stock closed down 4% on Thursday, its worst...
Duolingo shares climb 7% as users swarm to app to learn Mandarin
A Duolingo logo is seen on a smartphone.Pavlo Gonchar | LightRocket | Getty ImagesDuolingo shares rose nearly 7% on Thursday following a large spike in users signing up to learn Mandarin in conjunction with soaring usage of Chinese social media app RedNote, a TikTok...
Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
Snap CEO Evan Spiegel, joins CNBC 'Power Lunch' on September 17, 2024.CNBCSnap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.The FTC's non-public complaint involves...
Apple disables AI notifications for news in its beta iPhone software
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware. (Justin Sullivan |...
Henna Virkkunen denies taking a softer approach to Big Tech as Trump returns
A leading EU official has denied taking a softer approach to Big Tech, citing a "very clear legal basis" for regulators and pointing to several ongoing investigations into the likes of social media platform X and Meta.The FT reported earlier this week that the EU was...
Small-cap crypto rises ahead of Trump inauguration, bitcoin trades near $100,000
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump's inauguration.XRP and litecoin were among the biggest movers, up 13% and 22%, respectively,...
Merit Systems raises $10 million from a16z, Blockchain Capital
Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz's crypto fund and Blockchain Capital.Sam RagsdaleInside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the...
Nintendo announces Switch 2 console with bigger screen and controllers
The Nintendo Switch 2 docked with a TV behind it.NintendoNintendo on Thursday said its long-awaited new Switch 2 hybrid will be available this year, touting a bigger screen and controllers, as the company looks to breathe new life into its struggling hardware...
TikTok CEO expected to attend Trump’s inauguration, NBC reports
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled "TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms," as lawmakers scrutinize the Chinese-owned video-sharing app,...
Freetrade acquired up by IG Group at 29% valuation discount
The Freetrade application on a smartphone and desktop PC.FreetradeLONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it's been acquired by online investing platform IG Group.The deal values Freetrade at £160 million ($195...
Biden administration launches cybersecurity executive order
US President Joe Biden, left, and Antony Blinken, US secretary of state, speak on the ceasefire deal between Israel and Hamas, in the Cross Hall of the White House in Washington, DC, US, on Wednesday, Jan. 15, 2025. Israel and Hamas agreed to a ceasefire deal,...
YouTube donating $15 million to support LA, creators impacted by fires
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | ReutersGoogle and YouTube will donate $15 million to support the Los Angeles community and content...
How VPNs might allow Americans to continue using TikTok
If TikTok does indeed go dark on Sunday for Americans, there may be a tool for them to continue accessing the popular social app: VPNs. The Chinese-owned app is set to be removed from mobile app stores and the web for U.S. users on Sunday as a result of a law signed...
Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | ReutersGoldman Sachs CEO David Solomon says there's an end in sight to the multi-year IPO drought."It's going to pick up," Solomon...
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles,...
TSMC fourth-quarter profit beats expectations on strong AI chip demand
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company's fourth-quarter...
TikTok’s U.S. unit could be worth as much as $50 billion in a sale
Jakub Porzycki | Nurphoto | Getty ImagesBusiness moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme...
From Gmail to Word, your privacy settings and AI in a new relationship
The Microsoft 365 website on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Bloomberg | Bloomberg | Getty ImagesThe beginning of the year is a great time to do some basic cyber hygiene. We've all been told to patch, change passwords, and update...
Bitcoin approaches $100,000 again as a cool inflation reading fuels risk appetite
Mustafa Ciftci | Anadolu via Getty ImagesBitcoin extended its rebound on Wednesday, hovering just below $100,000 after another encouraging inflation report fueled investors' risk appetite.The price of the flagship cryptocurrency was last higher by more than 2% at...
Microsoft launches consumption-based Microsoft 365 Copilot Chat
Microsoft Chairman and CEO Satya Nadella speaks during the Microsoft May 20 Briefing event at Microsoft in Redmond, Washington, on May 20, 2024. Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into...
Microsoft pauses hiring in U.S. consulting unit, memo says
Executive Chair and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Jakarta, Indonesia, on April 30, 2024.Ajeng Dinar Ulfiana | ReutersMicrosoft plans to pause hiring in part of its consulting business in the U.S.,...
Intel to spin off venture capital arm, can raise outside money
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker.Turning Intel Capital, which has $5 billion in assets, into a standalone fund will...
SEC sues Musk, alleges failure to properly disclose Twitter ownership
Beata Zawrzel | Nurphoto | Getty ImagesThe SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at...
AI video platform Synthesia doubles valuation to $2.1 billion
Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages.SynthesiaLONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised...
These Chinese apps have surged in popularity in the U.S. A TikTok ban could ensnare them
Lemon8, a photo-sharing app by Bytedance, and RedNote, a Shanghai-based content-sharing platform, have seen a surge in popularity in the U.S. as "TikTok refugees" migrate to alternative platforms ahead of a potential ban. Now a law that could see TikTok shut down in...
Crypto ETFs have opening to innovate in 2025, but demand may be weak
Omer Taha Cetin | Anadolu | Getty ImagesCrypto ETFs may be entering a year of innovation, with new funds and new approaches, but don't expect demand to match what was seen in the first year of bitcoin ETFs.Bitcoin exchange-traded funds debuted a year ago and have been...
Musk, Zuckerberg and Bezos will attend Trump inauguration
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024.Anna Moneymaker | Getty ImagesTesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump's...
OpenAI says BlackRock exec Adebayo Ogunlesi is joining board
Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC.Pool...
Meta targeting lowest-performing employees in latest round of layoffs
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024.Manuel Orbegozo | ReutersMeta is set to cut about 5% of its workforce, focusing on the company's...
Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
Jonathan Raa | Nurphoto | Getty ImagesBitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading.On Tuesday the price of the flagship cryptocurrency rose 4.5% to $97,044.35, according to Coin Metrics, after sliding below...
Biden opens federal land for AI data centers, sets developer rules
U.S. President Joe Biden delivers a speech at the State Department in Washington, U.S. Jan. 13, 2025. Evelyn Hockstein | ReutersPresident Joe Biden issued an executive order Thursday aimed at speeding domestic construction of artificial intelligence infrastructure and...
Wildfires in LA force GOES app developer to use technology in crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | ReutersFor almost two years, Viktor...
Klarna scores global payment deal with Stripe ahead of blockbuster IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up...
UK antitrust regulator opens probe into Google’s search services
Anadolu | Anadolu | Getty ImagesLONDON — Britain's competition watchdog on Tuesday said that it's opening a formal antitrust investigation into Google's search and search advertising services.The Competition and Markets Authority said that it's looking to assess...
IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC.Anjali Sundaram | CNBCBarry Diller's IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.IAC said it expects the transaction to close in the second quarter of the year. The...
As TikTok faces U.S. ban, China’s RedNote tops Apple app store
Chinese social media app RedNote has skyrocketed to the top of Apple's app store, underscoring concerns that TikTok will soon be effectively banned in the U.S.RedNote, or Xiaohongshu, as it's known in China, is the No. 1 free app on the Apple app store as of Monday,...
China considers selling TikTok U.S. operations to Musk: Bloomberg
Jakub Porzycki | Nurphoto | Getty ImagesThe Chinese government is considering a plan that would have Elon Musk acquire TikTok's U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday.The contingency plan is one of several...
UK will ‘do own thing’ on AI regulation — what could that mean?
Jaque Silva | Nurphoto | Getty ImagesLONDON — The U.K. says it wants to do its "own thing" when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers."It's really important that we as the U.K....
Ahead of TikTok ban, Instagram to prioritize original content: Mosseri
Adam Mosseri, FacebookBeck Diefenbach | ReutersAdam Mosseri, the head of Meta's Instagram, said on Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025.His comments came in a video Mosseri posted outlining...
New tool will help fight health insurance denials
The Waystar team celebrates its IPO at the Nasdaq2024 Nasdaq, Inc. / Vanja SavicHealth-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious...
AWS and General Catalyst partner to speed development
Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon Web Services and venture capital firm General Catalyst on...
Bitcoin accelerates its slide, falling to $90,000 to start the week
Bitcoin dropped to the $90,000 mark to start the week, extending weekend losses as investors continued to dump tech stocks.The price of the flagship cryptocurrency was last lower by 4% at $90,413.80, according to Coin Metrics, bringing its losses since Saturday to...
Britain wants to become global AI leader, build domestic OpenAI rival
Britain's Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024.Leon Neal | Via ReutersLONDON — The U.K is looking to build a homegrown...
What to expect from new crypto legislation on the crime side of it
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 | ReutersWith the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto...
TikTok creators ask followers to migrate ahead of ban to Meta, YouTube
Jakub Porzycki | Nurphoto | Getty ImagesBefore Jack Nader started posting beauty videos on TikTok in 2023, he was working as a Starbucks barista in Chicago and living at home with his parents. But after Nader, who's now 21, started taking his videos seriously in April...
Mark Zuckerberg slams Apple on its lack of innovation and ‘random rules’
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and "random rules" in a lengthy...
Meta had to ‘bend the knee to Trump’ ahead of inauguration
Jakub Porzycki | Nurphoto | Getty ImagesMark Zuckerberg's announcement this week that Meta would pivot its moderation policies to allow more "free expression" was widely viewed as the company's latest effort to appease President-elect Donald Trump. More than any of...
Amazon to shut down Stitch Fix competitor ‘Prime Try Before You Buy’
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 shutting down "Prime Try Before You Buy," a competitor to...
Amazon to halt some of its DEI programs: Internal memo
Amazon said it is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have made similar moves in the face of increasing public and legal scrutiny.In a Dec. 16 internal note to staffers that was obtained by CNBC,...
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024.M. Scott Brauer | Bloomberg | Getty ImagesTesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its...
Apple’s market share slides in China, iPhone shipments decline: Kuo
Jaap Arriens | Nurphoto | Getty ImagesApple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%."Apple has adopted a cautious stance when discussing 2025 iPhone...
Mark Zuckerberg says Biden pushed Meta to remove posts on vaccines
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg told Joe Rogan in a podcast published Friday that his company was pressured by the Biden...
Meta announces end of its DEI programs
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersMeta on Friday told employees that its plans to end a number of internal...
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China.TeslaTesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals.The Model Y will start at 263,500 Chinese yuan...
Nvidia’s tiny $3,000 computer for AI developers steals the show at CES
Nvidia CEO Jensen Huang speaks about the Project Digits personal AI supercomputer for researchers and students during a keynote address at the CES tech conference in Las Vegas, Jan. 6, 2025.Patrick T. Fallon | Afp | Getty ImagesNvidia CEO Jensen Huang was greeted as a...
Supreme Court set to hear oral arguments on challenge to TikTok ban
Tik Tok creators gather before a press conference to voice their opposition to the "Protecting Americans from Foreign Adversary Controlled Applications Act," pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S.,...
TSMC beats sales estimates as AI chip boost continues
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023.Brendan Mcdermid | ReutersTaiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst...
Elon Musk promotes, hosts Alternative for Germany candidate on X
Alice Weidel, co-leader of the far-right Alternative for Germany (AfD) political party, arrives to speak to the media with AfD co-leader Tino Chrupalla shortly after the AfD leadership confirmed Weidel as the party's candidate for chancellor on December 07, 2024 in...
Microsoft contributes $1 million to Trump’s inauguration fund
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017.Nicholas Kamm | AFP | Getty ImagesMicrosoft said Thursday that it's contributing $1 million to...
Ubisoft appoints advisors to explore options after buyout report
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesFrench video game publisher Ubisoft said Thursday it's appointing advisors to review and pursue strategic options after a report last year suggested that its majority backers were...
Billionaire Frank McCourt’s Project Liberty bids for TikTok
Jakub Porzycki | Nurphoto | Getty ImagesJust 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt's internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese...
Google donates $1 million to Trump’s inauguration fund
Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle donated $1 million to President-elect Donald Trump's inauguration fund, becoming the latest major...
Amazon to expand ad unit by letting retailers use ad tools on stores
BARCELONA, SPAIN - MARCH 2: The Amazon ads logo, the advertising solutions service formerly known as AMD or Amazon Marketing Services, during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto |...
Cohere sees big AI opportunity in enterprise, away from ChatGPT
Omar Marques | Lightrocket | Getty ImagesCohere co-founder Nick Frosst is surrounded by chatter of artificial general intelligence, or AGI. He's perfectly happy to stay out of the conversation.Founded in 2019, by ex-Google AI researchers, Cohere is valued in the...
Nvidia CEO Jensen Huang is ‘dead wrong’ about quantum: D-Wave CEO
D-Wave Quantum CEO Alan Baratz said Nvidia's Jensen Huang is "dead wrong" about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.Huang was asked Tuesday about Nvidia's strategy for quantum computing. He said Nvidia...
Microsoft confirms performance-based job cuts across departments
Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is cutting a small percentage of jobs across departments, based on performance, the company...
Ebay shares soar as Meta allows listings on Facebook Marketplace
A sign is posted in front of the eBay headquarters in San Jose, California.Justin Sullivan | Getty ImagesShares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace, its popular platform connecting consumers for...
Amazon workers in North Carolina to hold union vote next month
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days, at an Amazon fulfillment center in Orlando, Florida, on Dec. 2, 2024.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon warehouse workers at a site in North...
Apple AI fake news alerts highlight the tech’s misinformation problem
Jaap Arriens | Nurphoto | Getty ImagesAn artificial intelligence feature on iPhones is generating fake news alerts, stoking concerns about the technology's ability to spread misinformation.Last week, a feature recently launched by Apple that summarizes users'...
Meta employees criticize company’s new speech policy, board additions
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 employees took to their internal forum Tuesday, criticizing the company's decision to end third-party...
OpenAI’s Sam Altman denies sexual abuse allegations made sister, Ann
OpenAI CEO Sam Altman visits "Making Money With Charles Payne" at Fox Business Network Studios in New York on Dec. 4, 2024.Mike Coppola | Getty ImagesOpenAI CEO Sam Altman's sister, Ann Altman, filed a lawsuit on Monday, alleging that her brother sexually abused her...
Bitcoin drops below $98,000 as Treasury yields pressure risk assets
Nicolas Economou | Nurphoto | Getty ImagesBitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics. The broader market of...
Hims & Hers donates $1 million to Donald Trump’s inauguration fund
Hims & Hers Health has donated $1 million to President-elect Donald Trump's inauguration fund, CNBC confirmed Tuesday.The company, which offers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the...
Meta eliminates third-party fact checking, moves to ‘Community Notes’
Meta on Tuesday announced it will eliminate its third-party fact checking program to "restore free expression" and move to a "Community Notes" model, similar to the system that exists on Elon Musk's platform X.The company said Community Notes will be written and rated...
UFC’s Dana White joins Meta’s board weeks before Trump takes office
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesDana White, CEO of the Ultimate Fighting Championship and a longtime friend of President-elect Donald Trump, is joining the board of Facebook parent...
Samsung Electronics banks on AI to outpace global growth in smartphones, home appliances
Samsung Electronics plans to ramp up its on-device AI business, with the aim of exceeding global market growth in the consumer electronics segment this year.The global consumer electronics market for smartphone, TV and home appliances will grow roughly 3% in 2025,...
Nvidia releases Blackwell gaming chips for PCs called RTX 50-series
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company
Jonathan Raa | Nurphoto | Getty ImagesShares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of "Chinese military companies" by the U.S. Department of Defense.The move mirrors an 8% fall in Tencent's...
Latin American Stripe rival dLocal acquires UK payments license
DLocal is one of Latin America's most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay.Sopa Images | Lightrocket | Getty ImagesLONDON — Uruguayan payments firm dLocal...
Cryptocurrencies rise to start the week, bitcoin jumps above $102,000
The photo illustration shows the Bitcoin cryptocurrency on November 12, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe price of bitcoin leapt back above $100,000 to start the first full trading week of the new year.The flagship cryptocurrency was...
Amazon’s Ring announces smart smoke alarm as CES kicks off
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 is partnering with fire safety product maker Kidde to launch a connected smoke alarm, the company announced Monday at...
Global chip stocks climb on Foxconn results, AI server demand
Jakub Porzyck | Nurphoto | Getty ImagesGlobal semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run.Hon Hai Precision Industry,...
Volkswagen and Xpeng to build EV super-fast charging network in China
Top Volkswagen and Xpeng executives pose at the German automaker's launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesShares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership...
Musk and Trump, EU AI Act
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersThe U.S. political landscape is set to undergo some shifts in 2025 — and those...
Tenable Chair and CEO Amit Yoran dies after cancer battle
Amit Yoran, CEO and chairman of TenableH/O TenableAmit Yoran, who ushered cybersecurity company Tenable into the public market as chief executive, died on Friday. He was 54.Yoran's passing was confirmed by Tenable in a Saturday press release. While the company said...
Microsoft expects to spend $80 billion on AI data centers in FY 2025
Vice Chair and President at Microsoft, Brad Smith, participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The largest technology conference in the world this year has 71,528 attendees from 153 countries and 3,050 companies, with AI...
Foreign phone sales plunge 47% in China spelling trouble for Apple
An Apple flagship store in Shanghai, China, October 15, 2024.Cfoto | Future Publishing | Getty ImagesSales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest...
Meta picks former GOP staffer as policy chief before Trump inauguration
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France.Chesnot | Getty ImagesFacebook parent Meta is...
Nominate a company for CNBC’s 2025 Disruptor 50 list
CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges.The deadline for submissions is Friday,...
Cryptocurrencies jump to start 2025, bitcoin rises back above $96,000
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | ReutersCryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market.The price of bitcoin rose 2% to...
Tesla TSLA Q4 2024 vehicle delivery and production numbers
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles on Oct. 10, 2024.Tesla | Via ReutersTesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:Total deliveries Q4...
Apple offers holiday discount in China as Huawei competition heats up
People walk past an advertisement for the iPhone 16 Pro at an Apple store during National Day holiday on October 3, 2024 in Chongqing, China.Cheng Xin | Getty Images News | Getty ImagesApple is offering discounts on its top-end iPhones and other products in China for...
Bitcoin was the best investment of 2024, but not without its usual volatility
Bitcoin was far and away the best performing asset class in 2024 as new ETFs ushered in more widespread adoption and hopes for deregulation under a new presidential administration lifted digital assets to record levels.But owning cryptocurrency also came with its...
Intel worst year, Broadcom record gain
Hock Tan, CEO of Broadcom (L) and former CEO of Intel, Pat Gelsinger.Reuters | CNBCIt was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area's moniker.Intel, the 56-year-old chipmaker co-founded by industry...
Alibaba (BABA) cloud unit slashes prices on AI models by up to 85%
The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.The Hangzhou-based e-commerce firm's cloud computing division, Alibaba...
Bitcoin (BTC) price predictions for 2025
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024.Dado Ruvic | ReutersAfter a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they're expecting the flagship cryptocurrency to hit new...
History behind hacking method and what’s next
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals.Seksan Mongkhonkhamsao | Moment | Getty ImagesRansomware is now a billion-dollar industry....
Why Microsoft, Amazon, Google and Meta are betting on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry's AI ambitions...
Google CEO Pichai tells employees ‘The stakes are high’ for 2025
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.Fabrice COFFRINI | AFP | Getty ImagesGoogle CEO Sundar Pichai told employees last week that "the stakes are high" for 2025, as the...
OpenAI needs ‘more capital than we’d imagined,’ moves to for-profit
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI said Friday that in moving toward a new for-profit structure in...
How Google’s Sundar Pichai navigated a pressure-filled year
NEW YORK, NY - NOVEMBER 01: Sundar Pichai, C.E.O., Google Inc. speaks at the New York Times DealBook conference on November 1, 2018 in New York City. (Photo by Stephanie Keith/Getty Images)Stephanie Keith | Getty Images News | Getty ImagesGoogle's blowout earnings...
Waymo dominated U.S. robotaxi market in 2024, but Tesla, Zoox loom
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersDespite General Motor's decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a...
Larry Ellison has banner year as Oracle gains most since dot-com boom
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024.Clive Brunskill | Getty ImagesIt's...
AI, crypto top tech stocks: AppLovin, MicroStrategy, Palantir, Nvidia
Jensen Huang, co-founder and CEO of Nvidia Corp., holds up the company's AI accelerator chips for data centers as he speaks during the Nvidia AI Summit Japan in Tokyo on Nov. 13, 2024.Akio Kon | Bloomberg | Getty ImagesArtificial intelligence is still an abstract...
Digital health stocks pummeled by Wall Street in 2024, but Hims surges
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEIf the Covid era marked a boom time for digital health companies, 2024 was the reckoning.In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health...
Trump taps Silicon Valley execs for key administration roles
U.S. President-elect Donald Trump attends Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | ReutersPresident-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley's...
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, top tech stock
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesOn the eve of MicroStrategy's stock market...
Meta went all in on AI in 2024. The pressure builds in 2025
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 | Reuters"Aut Zuck Aut Nihil" spanned the front of Mark...
US launches new probe into legacy Chinese chips
China is looking to challenge the U.S. in artificial intelligence. China's tech giants have launched their own AI models. Niphon | Istock | Getty ImagesThe Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into...
What Google quantum chip breakthrough means for bitcoin’s future
Google's recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we...
House Democrats say GOP caved to Elon Musk, protecting China interests
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | ReutersHouse Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their...
Elon Musk endorses far-right Alternative for Germany party in election
Tesla CEO and X owner Elon Musk gestures behind protective glass during a rally for Republican presidential nominee and former U.S. president Donald Trump, at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5,...
Bitcoin falls 9%, dropping below $93,000 as sell-off intensifies
Omer Taha Cetin | Anadolu | Getty ImagesBitcoin fell sharply on Friday amid broader investor caution toward risk assets.Bitcoin traded at around $92,808.07 at 6:57 a.m. ET on Friday, down around 9% from 24 hours before where it was priced above $102,000, according to...
Tesla shares drop 5%, continuing to slide as post-election rally loses steam
Tesla electric vehicles are parked in a parking lot at the Tesla Gigafactory Berlin-Brandenburg plant. Patrick Pleul | Picture Alliance | Getty ImagesShares of Tesla continued to slide on Friday, in what appeared to be a case of investors taking profits from the...
Amazon workers strike across seven facilities during holiday shopping
An Amazon delivery truck passes people holding signs and marching during a strike by Teamsters union members at an Amazon facility in Alpharetta, Georgia, U.S. December 19, 2024. REUTERS/Elijah NouvelageElijah Nouvelage | ReutersAmazon workers across seven facilities...
Micron headed for worst day since 2020 after disappointing guidance
Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on "how the CHIPS and Science Act and his Investing in America agenda are growing the economy and creating jobs," at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25,...
Micron shares plunge on weak second-quarter guidance
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares plunged 13% in extended trading on Wednesday after...
Tesla shares sink 8%, giving up some gains from post-election pop
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas.Brandon Bell | Getty ImagesTesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump's election victory last month, which sparked a...
Suki, Google Cloud expand partnership on assistive health tech
Health-care artificial intelligence startup Suki on Wednesday announced a new collaboration with Google Cloud as part of its push to expand beyond clinical documentation. Through the partnership, Suki is building patient summary and Q&A features using Google...
Trump NASA pick Jared Isaacman made big bet on stablecoins with Shift4
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission's "Dragon" capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program.-...
CrowdStrike moves to dismiss Delta suit, citing contract terms
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona, Spain, on October 8, 2024. Joan Valls | Nurphoto | Getty ImagesCrowdStrike moved Monday evening to dismiss Delta Air Lines' lawsuit around the July cybersecurity outage...
Dexcom launches generative AI platform for Stelo users
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesDexcom on Tuesday announced an artificial intelligence feature for its Stelo continuous glucose monitor that gives users a personalized look...
Databricks valued at $62 billion from $10 billion financing
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024.Smith Collection/ gado | Archive Photos | Getty ImagesDatabricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that...
Nvidia falls deeper into correction territory as Broadcom rally continues
Jaque Silva | Nurphoto | Getty ImagesNvidia shares fell in premarket trading on Tuesday, as Broadcom continued its rapid surge higher.Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. On Monday, the company a entered correction territory...
UK kicks off review into training AI models on copyrighted content
On Dec. 9, OpenAI made its artificial intelligence video generation model Sora publicly available in the U.S. and other countries.Cfoto | Future Publishing | Getty ImagesThe U.K. is drawing up measures to regulate the use of copyrighted content by tech companies to...
Chinese AI models are popular globally and are beating U.S. rivals in some areas
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty ImagesChina's attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC...
Waymo to begin testing in Tokyo, its first international destination
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet-owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international...
Temu tops US iOS downloads for 2nd year amid greater scrutiny of China firms
Jaque Silva | Nurphoto | Getty ImagesTemu, the popular e-commerce app owned by China's PDD Holdings, topped Apple's list of the most downloaded free apps on its U.S. iOS store for the second year running, highlighting the massive success that Chinese apps are enjoying...
Super Micro slides 7% after stock is dropped from Nasdaq 100
Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer joined the Nasdaq 100 in July. Five months later, it's out, and the stock is down 7% on the...
Britain’s Ofcom brings tough Online Safety Act duties into force
Sebastien Bozon | AFP | Getty ImagesLONDON — The U.K. officially brought its sweeping online safety law into force on Monday, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google and...
MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’
CFOTO | Nurphoto | Getty ImagesMichael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it "cyber Manhattan.""We'll just keep buying the top forever, everyday is a good day to buy bitcoin" the...
Bitcoin crosses $106,000 ahead of this week’s Fed decision
Omar Marques | LightRocket | Getty ImagesBitcoin rallied to a new all-time high Sunday evening as investors awaited an expected interest rate cut by the Federal Reserve later this week.The price of the flagship cryptocurrency was last higher by more than 4% at...
Why the FBI wants you to use end-to-end encrypted messaging
Think twice before sending your next text message. Or better yet, make sure you are using an end-to-end encryption method.Consumers regularly use different types of messaging technology from the biggest technology companies including Apple, Alphabet and Meta...
China’s satellite megaprojects are challenging Elon Musk’s Starlink
China faces a tall order in its efforts to catch up to Elon Musk's SpaceX satellite service.SpaceX's Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is...
Broadcom’s long path to the trillion-dollar club, and Trump’s role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company's headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017.Getty...
OpenAI emails show Elon Musk wanted for-profit structure in 2017
The logo of OpenAI is shown on a mobile phone in front of a computer screen displaying the photographs of Sam Altman, left, and Elon Musk, March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesOpenAI on Friday clapped back against Elon Musk, one of its...
Tech companies most threatened by Trump donating to inauguration fund
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan.Emily Elconin | Getty Images News |...
Former OpenAI researcher and whistleblower found dead at age 26
Jaque Silva | Nurphoto | Getty ImagesA 26-year-old former OpenAI researcher, Suchir Balaji, was found dead in his San Francisco apartment in recent weeks, CNBC has confirmed.Balaji left OpenAI earlier this year and raised concerns publicly that the company had...
Apple, Google instructed by House committee to prepare to dump TikTok
A supporter holds up a sign that read "TikTok" during a news conference on TikTok in front of the U.S. Capitol on March 22, 2023 in Washington, DC.Alex Wong | Getty ImagesHouse Committee members are urging the top executives of Apple and Google to be prepared to...
Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office on December 12, 2024 in San Jose, California. Justin Sullivan | Getty ImagesShares of Broadcom popped more than 21% Friday morning, pushing the company's market cap beyond $1 trillion for the first time. It'll be...
Inside TSMC’s new chip fab where Apple will make chips in the U.S.
Atop a newly-completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company's first Arizona chip fabrication plant, or...
Elon Musk says SEC sent ‘settlement demand’ after Twitter deal probe
SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023.Kevin Dietsch | etty ImagesThe Securities and Exchange Commission has issued a "settlement demand" to Elon Musk, the...
Broadcom (AVGO) earnings report Q4 2024
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company...
Adobe shares plunge 13% on disappointing 2025 revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.Brendan Mcdermid | ReutersAdobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued...
ServiceTitan starts trading on Nasdaq after IPO
Vahe Kuzoyan, president & co-founder of ServiceTitan, poses for photos after ringing the opening bell at the Nasdaq MarketSite on Dec. 12, 2024.Michael M. Santiago | Getty Images News | Getty ImagesServiceTitan shares popped 42% in their Nasdaq debut on Thursday...
Texas House introduces bill to establish a strategic bitcoin reserve
Legislation was introduced in the Texas House of Representatives Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury.The proposed bill would enable the state to start building a strategic bitcoin reserve by...
Email security startup Sublime raises $60 million
Across the world, companies rely on Microsoft and Google to administer email accounts for employees. Keeping all those mailboxes secure, however, is a business opportunity.Proofpoint went public in 2012, and as enterprises migrated to the cloud, many adopted the...
Alphabet and Tesla reach fresh records, joining Amazon and Meta
Tech stocks on display at the Nasdaq.Peter Kramer | CNBCAlphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time.Tech's seven trillion-dollar...
Meta’s Facebook, Instagram go down due to ‘technical issue’
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's family of apps including Facebook and Instagram were down on Wednesday, resulting in users being...
ServiceTitan prices at $71, above expected range
Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan.ServiceTitanServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday...
OpenAI says ChatGPT has recovered after hours-long outage
OpenAI CEO Sam Altman visits "Making Money With Charles Payne" at Fox Business Network Studios in New York on Dec. 4, 2024.Mike Coppola | Getty ImagesOpenAI said in an early Thursday X post that its popular ChatGPT assistant, Sora video generator and programming...
Tesla reaches record, boosted by 64% pop since Trump election victory
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersTesla shares jumped to an all-time high on Wednesday, surpassing their prior...
Cryptocurrencies rally, with bitcoin retaking $100,000 after inflation data
The crypto market jumped Wednesday, following two days of digestion after bitcoin rallied to $100,000 for the first time ever last week.The price of the flagship cryptocurrency was last higher by 4.8% at $101,052.72, according to Coin Metrics. Ether also rose 4% but...
Google releases the first of its Gemini 2.0 AI models
Jaque Silva | Nurphoto | Getty ImagesGoogle released the first version of its Gemini 2.0 family of artificial intelligence models on Wednesday.Gemini 2.0 Flash, as the model is called, is available in a chat version for users globally while an experimental multimodal...
Why AI advancement could be slowing down
Generative artificial intelligence has developed so quickly in the past two years that massive breakthroughs seemed more a question of when rather than if. But in recent weeks, Silicon Valley has become increasingly concerned that advancements are slowing. One early...
Apple launches its ChatGPT integration with Siri
Jaque Silva | Nurphoto | Getty ImagesApple released updates for its iPhone, iPad and Mac software on Wednesday that include a long-awaited ChatGPT integration with Siri.The ChatGPT integration triggers when users ask Siri complicated questions. When Siri is asked a...
GM exits robotaxi market, will bring Cruise operations in house
After spending more than $10 billion on its robotaxi unit, General Motors is abandoning its Cruise driverless ride-hailing service.The Detroit automaker on Tuesday said it will no longer fund its Cruise division's robotaxi development and will instead fold the unit...
Alphabet shares jump 5% after Google touts breakthrough quantum chip
A person shows Google Quantum AI's "Willow" chip, in this undated handout photo obtained by Reuters on December 6, 2024. Google | Via ReutersAlphabet shares rose 5% during trading on Tuesday, the day after the company hailed its latest quantum computing chip as a...
Michael Saylor case for Microsoft buying Bitcoin gets rejected
Michael Saylor, the billionaire bitcoin investor whose turned his company, MicroStrategy, into a high-risk proxy for the cryptocurrency, has been encouraging Microsoft to use some of its massive cash pile to follow his lead.But shareholders on Tuesday said no.In...
Oracle shares head for worst day of 2024 after Q2 earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped 8% on Tuesday and headed for their...
Google claims quantum milestone — but can’t solve real-world problems
A woman bikes by a giant Google logo at Google's Bay View campus in Mountain View, California on Aug 13, 2024 where the "Made by Google" media event was held today. Josh Edelson | AFP | Getty ImagesGoogle has unveiled a new chip that it says marks a major breakthrough...
Amazon partnering with Intuit Quickbooks for third-party sellers
Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon.David Paul Morris | Bloomberg | Getty ImagesAmazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy. But keeping track of...
Oracle (ORCL) Q2 2025 earnings report
Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019.Justin Sullivan | Getty Images News | Getty ImagesOracle shares slid 7% in extended trading on Monday after the database software...
Tesla accused of ‘fraudulent misrepresentation’ of Autopilot in crash
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024.Brandon Bell | Getty ImagesTesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company's "fraudulent misrepresentation" of its Autopilot...
OpenAI releases Sora, its buzzy AI video-generation tool
OpenAI said Monday it's releasing its buzzy AI video-generation tool, Sora, later in the day.The AI video-generation model works similarly to OpenAI's image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video...
Reddit begins testing AI-powered answers feature to win users
Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday.A small portion of Reddit's U.S. user base will have access to the Reddit Answers feature as part of an initial test...
Ant Group gets new CEO as billionaire founder Jack Ma talks up AI
Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China.Liu Yang | Visual China Group | Getty ImagesAnt Group president and finance chief Cyril Han will take over as chief executive...
President-elect Trump says Ukraine to ‘possibly’ receive less military aid
U.S. President-elect Donald Trump attends a meeting with Britain's Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris,...
Weight-loss drug boom has become one of the internet’s biggest scams
A production line of Wegovy injection pens for the Asian market at the Novo Nordisk A/S pharmaceutical manufacturing facility in Hillerod, Denmark, on Wednesday, Nov. 27, 2024. Bloomberg | Bloomberg | Getty ImagesOne interpretation of the law of supply and demand is...
What’s next for Meta’s metaverse
In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse."There was genuinely a need and a desire at the time for...
Meta shares rise on potential TikTok ban in U.S., closing at record
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 shares continued their extended rally on Friday, rising 2.4% and closing at a record after a...
Super Micro gets Nasdaq extension, can file financials by February
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesEmbattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to...
Workday shares pop 9% on inclusion in S&P 500
A close-up of the Workday logo on its headquarters in Pleasanton, California.Smith Collection | Archive Photos | Getty ImagesWorkday shares jumped 9% in extended trading on Friday after S&P Dow Jones Indices said the cloud software vendor will be added to the...
Uber offers robotaxi rides in Abu Dhabi, partnership with WeRide
Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi.Courtesy Uber Technologies, Inc.Uber is partnering with China's WeRide to offer autonomous vehicle rides in Abu Dhabi, the companies announced on Friday.To start, each WeRide robotaxi that's hailed...
Why thermal batteries could replace lithium-ion batteries
Thermal batteries could transform renewable energy storage and provide a cheaper and scalable alternative to lithium-ion technology."Intermittent wind and solar power are becoming the cheapest forms of energy that humans have ever known, and all kinds of energy...
SpaceX faces opposition to Starlink expansion from Ukrainian group
The Starlink logo is seen on a mobile device with an grahpic illustration of planet Earth in this illustration photo in Warsaw, Poland on 21 September, 2022.STR | Nurphoto | Getty ImagesSpaceX's effort to put an additional 22,488 satellites into low-earth orbit is...
Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif.Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty ImagesVenture investor and podcaster David Sacks will join the Trump administration as the "White House A.I....
Waymo announces robotaxi expansion to Miami
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo is setting its sights on its next location: the Sunshine State.The Alphabet-owned company announced Thursday that it will be...
Intel adds two new directors with CEO search underway
The logo of Intel is seen during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | Afp | Getty ImagesIntel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search...
excerpt from Tae Kim’s book on Nvidia
The following is excerpted from the book "The Nvidia Way: Jensen Huang and the Making of a Tech Giant," written by Tae Kim, a senior technology writer at Barron's, and publishing Dec. 10 by W.W. Norton & Company. The excerpt is from a chapter about activist hedge...
If Trump reverses TikTok ban, donors win and national security loses
The Washington Post | The Washington Post | Getty ImagesPresident-elect Donald Trump was early to warn about the national security dangers posed by TikTok during his first term in office, with rhetoric and policy discussions that framed the social media app within his...
MicroStrategy leads crypto stocks higher after bitcoin tops $100,000 for the first time
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024.Justin Sullivan | Getty ImagesCryptocurrency-related stocks popped in premarket trading Thursday after the price of bitcoin soared above $100,000 for the first...
Xreal One Series launch features new chip as AR competition heats up
The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses.XrealXreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and...
Sundar Pichai says he’d love to compare Google, Microsoft’s AI models
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is being held in San Francisco and runs through November 17. Justin Sullivan | Getty Images...
Jeff Bezos optimistic about Trump, will help with reducing regulation
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...
Amazon will sell software with ‘buy with AWS’ button for partner sites
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesIn 2022, Amazon introduced the Buy with Prime button, allowing premium subscribers to make purchases using...
Bitcoin tops $100,000 as monster 2024 rally reaches new heights
A neon sign indicates that Bitcoin is accepted inside the venue of the Paralelni Polis project, an organization combining art, social sciences and modern technology, in Prague, Czech Republic, on Friday, Jan. 5, 2024.Milan Jaros | Bloomberg | Getty ImagesThe price of...
British regulators approve $19 billion Vodafone-Three mobile merger
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance.Adrian Dennis |...
OpenAI partners with defense company Anduril
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI and Anduril on Wednesday announced a partnership allowing the...
OpenAI’s active user count soars to 300 million people per week
Sam Altman, co-founder and C.E.O. of OpenAI, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty ImagesAfter months of C-suite changes, tender offers and a soaring...
Salesforce stock up on earnings beat and strong AI deals pipeline
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesShares of Salesforce popped more than 8% Wednesday, a day after the company reported third-quarter results...
Amazon sued by DC AG over excluding areas from Prime delivery
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesWashington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes...
Spotify Wrapped is out. Here’s who topped the 2024 streaming charts
This photograph taken in Paris on April 19, 2024, shows a smatphone displaying the US singer-songwriter Taylor Swift's new album "The Tortured Poets Department" on Spotify. Queen of pop Taylor Swift released her highly anticipated record "The Tortured Poets...
Peter Thiel’s Founders Fund loses early partner Brian Singerman
Entrepreneur Brian Singerman (R) and Noelle Moseley arrive at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. Etienne Laurent | Afp | Getty ImagesBrian Singerman, one of the earliest...
Okta (OKTA) Q3 earnings 2024
File photo of Todd McKinnon, chief executive officer of Okta Inc.Bloomberg | Bloomberg | Getty ImagesShares of Okta popped more than 18% in extended trading Tuesday after the identity management company released third-quarter results that beat analysts' estimates and...
Salesforce (CRM) Q3 earnings report 2025
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce shares were up 9% on Tuesday after the company's fiscal third-quarter earnings report...
Intel slides as Gelsinger exit leaves chipmaker without a ‘quick fix’
Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | APIntel shares fell more than 5% on Tuesday, a day after the embattled chipmaker announced the ouster of...
Intel considers outside CEO to replace Pat Gelsinger, taps headhunters
Signage outside Intel headquarters in Santa Clara, California, on Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to...
Apple says it uses Amazon’s custom AI chips
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCApple is currently using Amazon Web Services' custom artificial intelligence chips for services like search and will evaluate if the company's latest AI chip can...
Microsoft overcharging rival cloud firms’ customers, UK lawsuit says
UKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesLONDON — Microsoft on Tuesday was accused of...
Kai Cenat breaks Twitch subscriber record during 30-day livestream
Creator Kai Cenat broke the record for the highest subscriber count on Amazon's Twitch during a nonstop live stream for the entire month of November.Cenat is a 22-year-old streamer who rose to popularity over the past two years with livestreams focused on comedy,...
Beating the U.S. but keeping control of tech
China's race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world's second-largest economy.That's the view of...
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty ImagesTesla CEO Elon Musk on Monday lost his bid to get his...
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023.Florence Lo | ReutersMajor Asian chip stocks outside of China rose Tuesday, shrugging off a new...
Intel CEO Pat Gelsinger is out, stock up 5%
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty ImagesIntel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1.Intel named two...
Amazon sellers are flocking to TikTok Shop despite looming U.S. ban
A file photo of a livestreamer selling handbags at a TikTok Livestreaming E-commerce Base on October 12, 2021 in Wuhan, China.Visual China Group | Getty ImagesSporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her...
U.S. can adopt crypto regulation ‘quickly’ now
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City.John Lamparski | Getty Images for Concordia SummitLONDON — Coinbase's top policy executive...
Elon Musk asks court to block OpenAI from converting to a for-profit
Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business.Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction...
In the new space race, hackers are hitching a ride into orbit
The unoccupied space-facing port on the International Space Station's Harmony module is pictured several hours before the SpaceX Dragon Freedom spacecraft would relocate there after undocking from Harmony's forward port.NASA Johnson Space CenterIn the race to conquer...
Bitcoin heads for nearly 40% November gain as it edges closer toward $100,000
"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector's...
New bitcoin bull market, beware of the same old crypto scams
Consumers beware: With bitcoin trading solidly over $90,000 this month, cybercriminals will be circling the wagons."This is going to create a lot of FOMO and a lot of urgency around investing in bitcoin and paying with bitcoin," said Eva Velasquez, president and chief...
Shares of chip suppliers jump as U.S. considers toned down China curbs
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024.Jonathan Raa | Nurphoto | Getty ImagesShares of key global semiconductor equipment firms jumped on...
Bitcoin bounces back above $95,000 as investors eye $100,000 milestone heading into Thanksgiving holiday
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels.The price of the flagship cryptocurrency was last higher by 5% at $95,886.00, according to Coin Metrics, while ether jumped more than 7%...
Why there are few generative AI gadgets this holiday season
Ray-Ban Meta smart glassesMetaShoppers looking for gadgets and gizmos powered by generative AI technology to gift to their loved ones won't have many options to choose from this holiday season.Generative artificial intelligence has taken Silicon Valley by storm since...
Just Eat to delist from London Stock Exchange in blow to UK market
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange.Mike Kemp | In Pictures | Getty ImagesJust Eat Takeaway will delist from the London Stock Exchange next...
Workday (WDAY) Q3 earnings report 2025
Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023.Kevin Dietsch | Getty ImagesWorkday shares slipped as much as 11% in extended trading Tuesday after the human resources and...
Dell earnings report Q3 2025
Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations Tuesday, despite bullish commentary from the company on AI sales growth. The PC maker reported quarterly earnings Tuesday that beat analyst expectations for earnings per...
OpenAI gets $1.5 billion investment from SoftBank in tender offer
Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesOpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has...
Reddit targets international users for ad growth, teases search feature
Reddit logo on website. Jakub Porzycki | Nurphoto | Getty ImagesReddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told...
This startup makes thrifting furniture far easier, even for big retailers like Pottery Barn
Furniture waste is a growing concern as consumers and companies seek to reduce carbon emissions. In the U.S. alone, we throw out roughly 12 million tons of furniture every year, according to the Environmental Protection Agency, leaving it to rot in landfills. Most of...
Databricks closes in on multibillion funding round at $55 billion valuation
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesOne of the world's most valuable private tech companies is...
How Bluesky rose out of Twitter’s ashes to challenge X and Threads
Rose Wang, COO of Bluesky.Courtesy: BlueskyIt only took a high-profile U.S. presidential election to introduce millions of people to Bluesky.The micro-blogging startup said it has gained 8.7 million new users since Election Day, underscoring consumer appetite for an...
Content creators turn to subscription apps for consistent income
Social media creators are turning to monthly subscription services to generate revenue directly from their followers in an attempt to find a stable source of income in an increasingly competitive and volatile market. The creator economy peaked in September 2021,...
Britain’s FCA sets out plan to implement crypto regime by 2026
Mustafa Ciftci | Anadolu | Getty ImagesThe British financial services watchdog on Tuesday set out a plan to implement a wide-reaching regulatory regime for the cryptocurrency industry by 2026.The Financial Conduct Authority (FCA), which oversees banking and investment...
Bitcoin (BTC) price falls as post-election rally loses steam
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | ReutersThe price of Bitcoin price retreated further from the psychologically important $100,000 milestone, as investors booked profits from the token's...
Orange partners with OpenAI, Meta on custom African language AI models
The logo of telecoms giant Orange displayed at Mobile World Congress 2024 in Barcelona, Spain.Joan Cros | Nurphoto via Getty ImagesFrench telecoms giant Orange on Tuesday said it's partnering with Microsoft-backed OpenAI and Facebook-owner Meta to build custom...
HarmonyOS Next details, specs, price
Huawei launched the Mate 70 series in an event in Shenzhen on November 26, 2024. The phones are the first capable of running Huawei's new operating system called HarmonyOS NEXT.HuaweiHuawei on Tuesday launched the Mate 70 series of smartphones that can run on the...
Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring.Investors weren't able to do all that much with it besides buy and hold it. But that was precisely why the world's largest cryptocurrency was valuable.It was a commodity, like gold — or corn. It didn't get too fancy on its...
San Francisco Mayor-elect Daniel Lurie taps business leaders for help
Mayor- Elect Daniel Lurie speaks in St. Mary's square a day after winning the Mayoral race in San Francisco on Friday, Nov. 8, 2024.Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers | Getty ImagesSan Francisco's Mayor-elect Daniel Lurie has begun tapping...
Zoom (ZM) Q3 earnings report 2025
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024.Leigh Vogel | Concordia Summit | Getty ImagesZoom shares were down 4% in extended trading on Monday after the video calling software maker...
Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
Mustafa Ciftci | Anadolu | Getty ImagesRumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency.Shares rose...
Intel close to $8 billion CHIPS Act grant: Source
Intel CEO Patrick Gelsinger speaks prior to President Joe Biden's remarks at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Rebecca Noble | Getty ImagesChipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company...
How tech bros bought ‘America’s most pro-crypto Congress ever’
Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. Moreno is running against Sen. Sherrod Brown, D-Ohio. Tom Williams | Cq-roll Call, Inc. | Getty ImagesPrior to announcing his Senate...
Microsoft’s Recall photographic memory search has issues in test build
Microsoft's Recall feature is available for testing for people with Copilot+ PCs containing Qualcomm Snapdragon chips.Jordan Novet | CNBCMicrosoft on Friday started letting people test Recall, its so-called photographic memory search feature for the latest Copilot+...
Musk’s slash government agencies and regulation benefit empire
Elon Musk's business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures...
Why X new terms of service driving some users to leave Elon Musk platform
Elon Musk attends the America First Policy Institute gala at Mar-A-Lago in Palm Beach, Florida, Nov. 14, 2024.Carlos Barria | ReutersX's new terms of service, which took effect Nov. 15, are driving some users off Elon Musk's microblogging platform. The new terms...
The Pentagon battle inside U.S. for control of new Cyber Force
A recent Chinese cyber-espionage attack inside the nation's major telecom networks that may have reached as high as the communications of President-elect Donald Trump and Vice President-elect J.D. Vance was designated this week by one U.S. senator as "far and away the...
Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
Anadolu | Anadolu | Getty ImagesAmazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant's total investment to $8 billion,...
Apple and Google could face UK competition probe over app store rules
Omar Marques | Lightrocket | Getty ImagesLONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K.The U.K.'s Competition and Markets Authority issued a report Friday with a provisional decision...
Intuit (INTU) Q1 earnings report 2025
Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty ImagesIntuit shares fell 6% in extended trading Thursday after the finance software maker issued a revenue forecast for the...
Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
An iPhone 16 signage is seen on the window at the Fifth Avenue Apple Store on new products launch day on September 20, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThe Indonesian government expects Apple to increase its proposed $100...
Bluesky CEO Jay Graber says X rival is ‘billionaire proof’
Bluesky has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk's X and Meta's Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof."In an...
Alphabet shares slide 6% following DOJ push for Google to divest Chrome
Jaque Silva | Nurphoto | Getty ImagesAlphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its...
Nvidia (NVDA) stock slumps despite Q3 earnings beat
POLAND - 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesNvidia shares dropped in U.S....
Snowflake (SNOW) Q3 earnings report 2025
Snowflake shares spiked 19% in extended trading on Wednesday after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 20 cents, adjusted...
Nvidia expects to sell more Blackwell chips than previously anticipated
After a quarter where Nvidia's sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate.Those hopes fall on Blackwell, which is Nvidia's name for a...
DOJ pushes for Google to break off Chrome browser after antitrust case
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the...
Bitcoin climbs, reaching a new all-time high above $97,000
Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency.The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it...
British regulator prepares competition remedies for cloud market
Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure.Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition...
Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Sopa Images | Lightrocket | Getty ImagesBusiness spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.The report also found that OpenAI ceded market share in enterprise...
Nvidia (NVDA) earnings report Q3 2025
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024.Ritzau Scanpix | Mads Claus Rasmussen | Via ReutersNvidia reports fiscal third-quarter earnings Wednesday after the market...
FTX co-founder Gary Wang avoids prison time for role in crypto fraud
Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. Brendan Mcdermid...
Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options
Jonathan Raa | Nurphoto | Getty ImagesBitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump's transition back to the White House and weighed early options trading on bitcoin ETFs.The price of the...
Software firm Odoo hits $5.3 billion valuation in secondary share sale
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo.OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet's venture fund and Sequoia...
Bitcoin ETF options begin trading, offering a new way to hedge bitcoin exposure
Jonathan Raa | Nurphoto | Getty ImagesOptions on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin.IBIT traded 73,000 options contracts in the first 60 mins of...
Qualcomm says it expects $4 billion in PC chip sales by 2029
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.Of that amount, roughly $4 billion will...
H&R Block, Intuit stocks fall following Trump tax-filing app report
Michael Nagle | Bloomberg | Getty ImagesThe stock prices for H&R Block and Intuit fell after a report Tuesday said Trump's government efficiency team is considering creating a free tax-filing app.Intuit, which makes the TurboTax tax-filing software, closed down...
Super Micro shares soar after company names BDO as new auditor
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer shares jumped more than...
Bitcoin edges higher as tensions mount between Ukraine and Russia
Thomas Trutschel | Photothek | Getty ImagesBitcoin moved higher on Tuesday even as other risk assets sold off amid rising geopolitical tensions between Ukraine and Russia.The price of the flagship cryptocurrency was last higher by less than 1% at $92,003.28, according...
Bose buys McIntosh, storied maker of high-end luxury audio equipment
The BOSE display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.David A. Grogan | CNBCBose Corp. will purchase the McIntosh Group, a deal that will give the Massachusetts-based company control of one of the most storied names in high-end...
Microsoft introduces Windows 365 Link for cloud-based desktops
Microsoft CEO Satya Nadella watches from the audience during a press briefing at Microsoft's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | Afp | Getty ImagesMicrosoft is previewing a new PC that's designed to connect corporate workers to their...
Nvidia must show Blackwell chip can drive growth in earnings report
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry's graphics processing unit, or GPU, of choice for making and deploying generative AI software.What investors will want to see when Nvidia...
Tech funding in Europe stabilizes after years of decline
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)Oli Scarff | Getty ImagesVenture capital investment in European technology...
Canva hires Kelly Steckelberg as CFO ahead of expected IPO
Kelly Steckelberg attends an Evening from the Heart LA 2022 Gala hosted by the John Ritter Foundation for Aortic Health at Valley Relics Museum in Van Nuys, California, on May 5, 2022.Araya Doheny | Getty ImagesCanva, a high-valued design software startup that...
Super Micro hires new auditor to maintain Nasdaq listing; shares pop
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesEmbattled server maker Super Micro Computer...
Fintech unicorns watch Klarna IPO for signs of when window will reopen
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty ImagesLISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it...
Cloud software company ServiceTitan files for IPO
ServiceTitan offices in Draper, Utah.Google EarthServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol "TTAN."The filing suggests that investors could be getting more...
Tesla (TSLA) stock up on report Trump wants to ease self-driving rules
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024.Jim Watson | Afp | Getty ImagesTesla shares jumped on...
European tech CEOs urge ‘Europe-first’ mentality after Trump victory
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal.Harry Murphy | Sportsfile for Web Summit Getty ImagesLISBON, Portugal — Tech CEOs in Europe are urging region al countries to take bolder action to...
SpaceX rival TEC raises $160 million for reusable space capsule
The Space Exploration develops a product called Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo.The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is...
Palantir jumps 11% to a record after announcing move to Nasdaq
Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021.Andreas Rentz | Getty ImagesPalantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military...
Super Micro faces deadline to keep Nasdaq listing after 85% plunge
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer could be headed down a...
Elon Musk’s xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty ImagesElon Musk's artificial intelligence company xAI is...
Alibaba (BABA) Q2:
Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesChinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world's second-largest economy hit consumer spending.Alibaba said...
Amazon questioned by House committee over ‘dangerous’ TikTok deal
Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesAmazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company's...
Amazon launches fixed pricing to treat hair loss, erectile dysfunction
A worker delivers Amazon packages in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men's hair loss, its...
WikiLeaks whistleblower Chelsea Manning says censorship is still ‘a dominant threat’
Former U.S. Army intelligence analyst Chelsea Manning says censorship is still "a dominant threat," advocating for a more decentralized internet to help better protect individuals online.Her comments come amid ongoing tension linked to online safety rules, with some...
VCs say tech investing is ‘tough’ amid IPO lull and ‘nuts’ AI hype
Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal.Rita Franca | Nurphoto | Getty ImagesLISBON, Portugal — It's a tough time for the...
Zopa sees profit doubling as it eyes 2025 current account launch
Jaidev Janardana, CEO of U.K. digital bank Zopa.ZopaLISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company's CEO told CNBC.Zopa...
Trump victory may provide TikTok a lifeline to remain in the U.S.
Republican presidential nominee, former U.S. President Donald Trump, (C) greets attendees during a campaign stop to address Pennsylvanians who are concerned about the threat of Communist China to U.S. agriculture at the Smith Family Farm September 23, 2024 in...
Cisco (CSCO) Q1 earnings report 2025
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024.Dia Dipasupil | Getty ImagesCisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. The stock...
X rival Bluesky gains 1.25 million users following U.S. election
In this photo illustration, the Bluesky Social logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty ImagesMicro-blogging startup Bluesky has gained over 1.25 million new users in the past week, indicating some...
Tech firms invest in sovereign AI to cut Europe dependence on US tech
LISBON, Portugal — Tech giants are increasingly investing in the development of so-called "sovereign" artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure.Data sovereignty refers to the idea that people's data...
Oura plans international expansion, tests nutrition and AI features
The Oura Ring 4Courtesy: OuraLISBON — Samsung's foray into smart rings isn't concerning the boss of the product category's pioneer, Oura — in fact, Tom Hale says he's seeing a boost in business."I'm sure that a major tech company making an announcement saying: 'Hey,...
Tesla initiates sixth Cybertruck recall in a year
New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle on Aug. 22, 2024.M. Scott Brauer | Bloomberg | Getty ImagesTesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway...
Company to 4% of workforce, or about 1,000 employees
AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | ReutersAMD said on Wednesday that it will lay off 4% of its global staff, as the longtime CPU maker seeks to gain a stronger foothold in the growing artificial...
Amazon shuts down secret project to develop fertility tracker
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the...
BlackRock expands tokenized money market fund to Polygon, other blockchains
The BlackRock logo is pictured outside the company's headquarters in the Manhattan borough of New York City on May 25, 2021.Carlo Allegri | ReutersBlackRock has expanded its tokenized money market fund to include several more blockchains.The investment manager said...
OpenAI to present plans for U.S. AI strategy and an alliance to compete with China
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesOpenAI's official "blueprint for U.S. AI infrastructure" involves artificial intelligence economic zones,...
Bitcoin climbs above $91,000 for the first time as investors digest postelection gains, inflation data
Bitcoin rose above $91,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data Wednesday.The price of the flagship cryptocurrency was last higher by more than 2% at $91,705. At one point it briefly rose to...
Buy now, pay later giant Klarna files for U.S. 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, which is known for its popular "buy now, pay later" business, announced Wednesday it has filed initial public...
Amazon Haul discount storefront debuts to take on Temu and Shein
Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition from discount upstarts Temu and Shein.Called "Amazon Haul," the storefront is accessible through the company's mobile...
Denmark lays out EU AI Act compliance blueprint with Microsoft backing
Jaque Silv | SOPA Images | Lightrocket | Getty ImagesDenmark on Wednesday laid out a framework that can help EU member states use generative artificial intelligence in compliance with the European Union's strict new AI Act — and Microsoft's already on board.A...
Meta slashes EU Facebook, Instagram subscription fees by 40%
This picture taken on April 27, 2023 in Toulouse, southwestern France, shows a screen displaying the Meta logo and the European flag.Lionel Bonaventure | Afp | Getty ImagesMeta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for...
Spotify shares pop on better-than-expected profit forecast
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter...
Trump says Musk and Ramaswamy will lead government efficiency group
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024.Anna Moneymaker | Getty ImagesPresident-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency...
Japan is ramping up efforts to revive its once dominant chip industry
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector.Thicha Studio | Istock | Getty ImagesJapan has announced a new plan to revitalize the country's semiconductor...
China is catching up with the West on tech, Microsoft president says
The West shouldn't assume that China is lagging behind the U.S. and Europe on tech developments, Microsoft's president and vice-chairman warned.U.S-China tensions in the past few years have centered on the battle between the two nations for tech supremacy, culminating...
Tencent Q3 2024 earnings
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 ImagesChinese social media and gaming company Tencent on Wednesday reported better-than-expected profit...
Unbabel launches AI translation app, looks for fresh funding
Vasco Pedro, co-founder and CEO of Unbabel, on the first day of the 2023 Web Summit at the Altice Arena in Lisbon.Miguel Reis | SOPA | Lightrocket | Getty ImagesLISBON — Unbabel on Wednesday announced a translation service powered by artificial intelligence, adding...
Dogecoin briefly surges 20% after Trump announces a Department of Government Efficiency — DOGE
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as "DOGE" in his statement.Tesla CEO Elon Musk and Vivek...
23andMe (ME) Q2 2025 earnings report
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images23andMe on Tuesday reported declining revenue in its most recent quarter, a day after the company said it will cut 40% of its...
The climate startup challenging Tesla on electrifying big rigs
On the road to electrifying vehicles, cars and small trucks are getting there. Big rigs, however, pose bigger hurdles.The trouble with electrifying tractor-trailer trucks is that the tractor component needs more power than the current charging infrastructure can...
Shopify stock skyrockets 25% on revenue beat, rosy holiday forecast
An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Chris Wattie | ReutersShopify shares popped more than 25% in Tuesday morning trading after the Canadian e-commerce company posted better-than-expected revenue for the third quarter and gave an...
Waymo opens robotaxi service to anyone in Los Angeles
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesAlphabet-owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion...
Apple releases four phones a year. But it needs to make all of them popular
A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024.Annice Lyn | Getty Images News | Getty ImagesOne of the first things Steve Jobs did when he returned to Apple in 1997 was simplify Apple's...
Apple won’t launch a smart ring, says Oura CEO: ‘It’s hard to do’
The Oura Ring 4.Courtesy: OuraLISBON — Apple will not introduce a smart ring, the CEO of health-tech firm Oura told CNBC, despite speculation the iPhone giant may be considering a move into this product category.Samsung's smart ring debut earlier this year has put the...
Alibaba launches AI search for small biz, says purchase intent jumps
Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024.Vcg | Visual China Group | Getty ImagesBEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial...
IAC exploring spinoff of home improvement marketplace Angi
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesIAC said Monday it's exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers, such as electricians and landscapers, in their area.Angi...
Elon Musk is $70 billion richer since Trump victory due to Tesla surge
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024.The Washington Post | The Washington Post | Getty ImagesElon Musk spent $44 billion to buy...
Bitcoin is closing in on $90,000 for the first time ever
Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier.The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics. Earlier Monday, it rose as high as $89,623.00. Its price is expected by many...
SoftBank earnings Q2 2024
The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg...
Ecosia, Qwant partner on search engine tech to counter Google’s power
A Google logo displays on a smartphone screen and the European flag on a computer screen.Nikolas Kokovlis | Nurphoto | Getty ImagesLISBON, Portugal — Ecosia and Qwant, two search engines competing with Google, announced a partnership Tuesday to build a European search...
Tesla shares pop 8% as postelection rally continues
Elon Musk embraces Republican presidential nominee and former President Donald Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024.Anna Moneymaker | Getty ImagesTesla shares popped roughly 8% on Monday, continuing...
Silicon Valley’s General Catalyst makes first investment into Saudi Arabia
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million.General Catalyst has $30 billion in assets under management and has...
Bitcoin (btc) tops $82,000 as crypto euphoria over Trump win
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesBitcoin hit another high on Monday, as the rally in cryptocurrencies continued following Donald Trump's election win.By 5:30 a.m. ET, bitcoin was trading 3.6% higher at $82,171, according to Coin Metrics. It...
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal.In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in...
Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world's largest cryptocurrency is poised for even more gains on the back of U.S....
Bitcoin hits $80,000 for the first time as crypto traders bask in Trump election victory
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCryptocurrencies extended their rally on Sunday, with bitcoin touching $80,000 for the first time ever.The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics....
Jack Dorsey dramatically shutters Block’s TBD crypto unit
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesDuring the crypto-crazed summer of 2021, when memecoins such as dogecoin and Shiba Inu...
ChatGPT blocked 250,000 image generations of presidential candidates
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesOpenAI estimates that ChatGPT rejected more than 250,000 requests to generate images of the 2024 U.S....
Tesla social media posts falsely say cars are robotaxis, NHTSA warns
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024, in this still image taken from a video.Tesla | Via ReutersTesla has falsely suggested in social media posts that its cars are...
Fintechs Upstart and Toast soar on earnings
Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021.Source: NYSEUpstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three years. Toast, which sells...
Tesla hits $1 trillion market cap as stock rallies after Trump win
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty ImagesShares of Tesla climbed more than 5%...
Gaming giant raises FY sales guidance
Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here's how the company did in the...
Airbnb (ABNB) Q3 earnings report 2024
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb reported third-quarter earnings on Thursday that were shy of analyst...
Affirm (AFRM) earnings report Q1 2025
Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results.Here is how the company did, compared to analysts' consensus estimates from LSEG.Loss per share: 31 cents adjusted vs. a loss of 35 cents expectedRevenue: $698...
Pinterest Q3 earnings report 2024
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue...
How Samsung fell behind in the AI boom behind rival SK Hynix
A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. SeongJoon Cho | Bloomberg | Getty ImagesSamsung Electronics was once the dominant player in a type of semiconductor known as memory,...
Block (SQ) earnings Q3 2024
Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics.Here is how the company did, compared to analysts'...
Gaming giant raises FY sales guidance
Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year Thursday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here's how the company did in the...
FTX’s Caroline Ellison reports to prison to begin 2-year sentence
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024.Michael Nagle | Bloomberg | Getty ImagesCaroline Ellison, the star witness in the prosecution of FTX founder Sam...
AppLovin, top tech stock of 2024, soars another 45% on earnings beat
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue.The stock jumped past $245 in early afternoon...
How Elon Musk stands to cash in on Trump’s presidential victory
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024.Jim Watson | Afp | Getty ImagesAs Donald Trump...
Coinbase CEO Brian Armstrong $2 billion richer on election stock pop
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty ImagesElection Day proved hugely successful for the crypto industry....
Qualcomm (QCOM) earnings report Q3 2024
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December...
Trump likely to uphold CHIPS Act despite his campaign rhetoric, experts say
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesPresident-elect Donald Trump is unlikely to roll back the Biden administration's CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. The...
Payments giant Adyen reports 21% jump in third-quarter sales
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company's market capitalization .Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesAdyen reported a jump in sales in the third quarter as the Dutch payments firm...
Super Micro shares plummet after Q4 update raises concerns
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro shares plunged 22% on Wednesday...
Tech CEOs give their congratulations
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2,...
Super Micro (SMCI) Q1 2025 earnings update
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro, the embattled server maker that's late in releasing annual financials and at risk of being delisted...
Nvidia passes Apple as world’s most valuable company
NVIDIA founder, President and CEO Jensen Huang speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia passed...
Perplexity AI nears $500 million funding round at $9 billion valuation
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the...
5-day office mandate isn’t a ‘backdoor layoff’
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty ImagesAmazon CEO Andy Jassy denied speculation that the company's five-day...
Google curbs politics discussion among employees on U.S. Election Day
Sundar Pichai, CEO of Google.Anindito Mukherjee | Bloomberg | Getty ImagesGoogle has been moderating and removing employees' internal election-related conversations, CNBC has learned. Ahead of Tuesday's U.S. elections, Google executives warned employees to keep...
Crypto’s $245 million campaign finance operation funded non-crypto ads
Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas.Logan Dobson/Stand With Crypto AllianceLAS VEGAS — In Nevada's 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the...
Bitcoiners celebrate as Bernie Moreno ousts Sherrod Brown, Ohio upset
Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno has defeated Senate Banking Chair Sherrod Brown, a three-term incumbent, in a contest that was key in the battle for control of the U.S. Senate.Some $40...
Dogecoin and other memecoins surge as crypto traders position for a Trump election victory
In this photo illustration, the Elon Musk's twitter account seen displayed on a mobile phone screen with a Dogecoin logo in the background.Adrees Abbas | Lightrocket | Getty ImagesMemecoins surged early Wednesday on the back of election results that showed former...
Bitcoin surges to a record $75,000 as traders bet a Trump presidency will boost crypto, weaken regulation
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rallied overnight, hitting an all-time high as Donald Trump racked up key wins in swing states.The price of the flagship cryptocurrency touched a record $75,000 on the nose, according to Coin Metrics. It was last higher...
Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024.Joe Raedle | Getty Images News | Getty ImagesAs Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he...
Nintendo says current Switch games will be playable on new console
The Nintendo Switch game console store in Shanghai, Feb 25, 2024. Cfoto | Future Publishing | Getty ImagesNintendo on Wednesday said it will allow current Switch games to be played on the hit console's successor as it looks to drum up excitement among its current user...
UK fintech posts 55% jump in profit
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesWise posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.The British digital...
Palantir shares jump 23% to record on uplifting guidance
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 ImagesPalantir shares jumped 23% on Tuesday and headed for a record close after...
Amazon gets FAA approval for new drone as it starts tests in Arizona
Amazon said Tuesday it received regulatory approval to begin flying a smaller, quieter version of its delivery drone, the latest step in its long-running efforts to get the futuristic program off the ground.The company unveiled the new drone, called the MK30, in...
OpenAI hires Meta’s former Orion head to lead its robotics efforts
Jaap Arriens | NurPhoto via Getty ImagesThe former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts.Caitlin "CK" Kalinowski announced her new role Monday in a post on LinkedIn and...
Coinbase’s big election bet is about to be tested
WASHINGTON — In the first few years after founding Coinbase, CEO Brian Armstrong shied away from Washington, D.C. But as his ambitions for his crypto exchange scaled, so too did his need to curry favor on Capitol Hill."About five or six years ago, we realized that...
Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000
Bitcoin and USA flag on a cracked wall.Ruma Aktar | Istock | Getty ImagesCryptocurrencies were slightly higher as investors looked forward to results from the U.S. presidential election.Bitcoin rose 1.9% to $68,783.69, according to Coin Metrics. It's sitting 7% below...
On Election Day, social media companies Meta, X, YouTube in spotlight
Kamala Harris and Donald J. Trump social media sites on X, formerly known as Twitter, are displayed on mobile phones screens for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesWith Americans heading to the polls on Election Day, social media companies like...
The Dow needs Nvidia because Intel plunge made semis underrepresented
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024.Annabelle Chih | Bloomberg | Getty ImagesAt around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average.That was the conclusion of the...
Palantir (PLTR) Q3 earnings report 2024
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 ImagesPalantir shares jumped 13% in extended trading on Monday after the data...
Marqeta shares plunge more than 30% on big forecast miss
Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.Source: The NasdaqMarqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.Here's how the company did...
Meta extends ban on new political ads past Election Day
Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee...
Nintendo cuts Switch sales forecast to 12.5 million as demand fades
Mario poses at the "SUPER NINTENDO WORLD" welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Rodin Eckenroth | Getty Images Entertainment | Getty ImagesNintendo on Tuesday cut forecast for Switch sales for its fiscal...
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2,...
Barry Diller calls timing of The Washington Post’s non-endorsement a ‘blunder’
To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow's presidential election was "absolutely principled" — and poorly timed, he said Monday on CNBC's Squawk Box."They made a blunder — it...
Coinbase, a16z contribute $78 million to pro-crypto PAC for 2026 election
With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78...
AppLovin stock surge in 2024 leaves ad-tech company with lot to prove
While Nvidia's spectacular surge remains the biggest story in the technology industry, the AI chipmaker's performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming.AppLovin has soared 310% in 2024, beating every...
SK Hynix shares rally after Nvidia’s Huang asks firm to speed up chip
Chey Tae-won, chairman of SK Group, during the SK AI Summit in Seoul, South Korea, on Monday, Nov. 4, 2024. SK Hynix is working with Nvidia to resolve the supply bottleneck, Chey said. Jean Chung | Bloomberg | Getty ImagesShares of SK Hynix rallied 6.5% on Monday...
How Big Tech intends to power AI’s thirst for energy
Industrial chiller at Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, Mar. 14, 2024.Bloomberg | Bloomberg | Getty ImagesA huge upswing in the number of data centers worldwide shows no signs of slowing down, prompting Big Tech to consider how...
Affirm launches buy now, pay later service in the UK
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesLONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the...
Google’s cloud outpaces AWS, Azure in Q3 as AI battle heats up
Alphabet CEO Sundar Pichai speaks at the Munich Security Conference at the Hotel Bayerischer Hof in Munich, Germany, on February 16, 2024.Tobias Hase | Picture Alliance | Getty ImagesWith Wall Street laser focused on cloud computing this week, Google outpaced its...
Nvidia to join Dow Jones Industrial Average, replacing Intel
CEO of Nvidia, Jensen Huang, speaks during the launch of the supercomputer Gefion, where the new AI supercomputer has been established in collaboration with EIFO and NVIDIA at Vilhelm Lauritzen Terminal in Kastrup, Denmark October 23, 2024.Ritzau Scanpix | Mads Claus...
Super Micro’s 44% plunge this week wipes out stock’s gains for the year
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro investors continued to rush the...
Apple to buy Pixelmator, the iPhone image editing app with AI features
Peopl walk outside Steve Jobs Theater at the Apple Park campus before Apple's "It's Glowtime" event in Cupertino, California, on Sept. 9, 2024.Nic Coury | AFP | Getty ImagesApple will buy Pixelmator, the creators of image editing apps for Apple's iPhone and Mac...
Amazon shares jump after Q3 earnings beat
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven...
Google employees pressure execs at all-hands for clarity on cost cuts
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 executives, donning Halloween costumes, faced questions from concerned employees at an all-hands...
Amazon’s advertising business grew 19% in the third quarter
Dominika Zarzycka | Nurphoto | Getty ImagesAmazon's online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts' estimates of $14.3 billion.The Seattle tech giant revealed the financial results of its growing...
Intel (INTC) Q3 earnings report 2024
Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesIntel shares rose 7% in extended trading Thursday after the chipmaker reported...
UK bid to take global tech crown in doubt after Budget
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty ImagesLONDON — British tech bosses and venture capitalists are questioning...
Amazon’s cloud unit records highest profit margin in at least a decade
Matt Garman, CEO of Amazon Web Services, speaks during The Wall Street Journal's Tech Live conference in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | AFP | Getty ImagesAmazon said revenue in its cloud unit increased 19% in the third quarter, just...
Amazon CEO pledges AI investments will pay off as capex surges 81%
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon CEO Andy Jassy is trying to reassure investors who may be worried about the future payoff of the company's massive investments in generative artificial...
Apple services is $100 billion per year juggernaut but growth slowing
Apple CEO Tim Cook (C) joins customers during Apple's iPhone 16 launch in New York on September 20, 2024. Timothy A. Clary | Afp | Getty ImagesApple's second-largest division after the iPhone has turned into a $100 billion a year business that Wall Street loves.In...
Microsoft stock has worst day in two years on disappointing forecast
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024.Dimas Ardian | Bloomberg | Getty ImagesMicrosoft's better-than-expected earnings report wasn't enough to prevent the stock's steepest...
Amazon (AMZN) Q3 earnings report 2024
Amazon will report results for the third quarter after the bell Thursday. Here's what analysts are expecting:Earnings: $1.14 per share expected by LSEGRevenue: $157.2 billion expected by LSEGAmazon Web Services: $27.5 billion, according to StreetAccountAdvertising:...
OpenAI launches ChatGPT search, competing with Google and Microsoft
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesOpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the...
Apple (AAPL) Q4 earnings report 2024
Apple reports fourth-quarter earnings after the bell Thursday. It's the end of Apple's fiscal year, and it's the first quarter with sales from the September launch of the iPhone 16.Here's what to expect, according to LSEG consensus estimates:Earnings per share:...
Meta’s Threads app now has 275 million users, Zuckerberg says
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, U.S. September 25, 2024. Manuel Orbegozo | ReutersThreads, Meta's rival to Elon Musk's X app, now has...
Meta’s Reality Labs posts $4.4 billion loss in third quarter
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 | ReutersDespite Meta's successful showcase of its Orion...
Super Micro’s $50 billion stock collapse underscores risk of AI hype
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesIn March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by...
Uber (UBER) Q3 2024 earnings
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019.Philip Pacheco | AFP via Getty ImagesUber reported third-quarter results on Thursday that beat Wall Street's expectations for revenue but missed on analysts' projections for...
FTX’s Nishad Singh gets not jail time, 3 years supervised release
Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024.Mackenzie Sigalos | CNBCFormer FTX...
EBay Q3 earnings report 2024
A sign is posted in front of eBay headquarters in San Jose, California. Justin Sullivan | Getty ImagesShares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace issued guidance for the fourth quarter that fell short of Wall Street's...
Meta’s Mark Zuckerberg seems surprised by pace of spending on AI
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 has been so quick to build out its massive data center and computing infrastructure for...
Samsung Electronics Q3 2024 earnings
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi.Reuters | Anindito MukherjeeSamsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower...
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft's massive investment in OpenAI is weighing on earnings.Following Microsoft's quarterly...
Chinese smartphone company Honor gets new investors as it readies IPO
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an...
Jack Dorsey’s Block expands Square Card service to the UK
Marco Bello | AFP | Getty ImagesLONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express.The firm's...
Dropbox slashes 20% of global workforce, eliminating 500 roles
Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC's @Work conference in San Francisco on November 4, 2019.Arun Nevader | CNBCDropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to...
Microsoft (MSFT) Q1 earnings report 2025
Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024.Mandel Ngan | AFP | Getty ImagesMicrosoft will report results for its...
Meta Q3 earnings report 2024
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty ImagesMeta is slated to report third-quarter earnings on Wednesday...
UK’s Labour hikes capital gains tax by less than feared
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)Oli Scarff | Getty ImagesLONDON — Britain's Labour government on Wednesday...
Apple updates MacBook Pro laptops with new chips, more memory for AI
Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 10, 2024.Bloomberg | GettyApple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the...
Reddit shares soar 35% on profitability, rosy guidance
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024.Timothy A. Clary | AFP | Getty ImagesShares of Reddit popped 35% on Wednesday, one day after the social media company posted a surprise profit in its...
Super Micro auditor resigns after raising concerns months earlier
Sopa Images | Lightrocket | Getty ImagesSuper Micro's shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence.Ernst & Young in...
How OpenAI CEO Sam Altman’s lobbying power tamed Washington
The results of the presidential election will have a big impact on the economy, foreign relations and health care. But when it comes to technology, one of the most powerful people shaping regulation isn't a candidate at all. It's Sam Altman.Neither Republican...
Reddit (RDDT) Q3 earnings reports 2024
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 ImagesReddit shares jumped...
Snap Q3 earnings report 2024
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 reported better-than-expected third-quarter results on Tuesday but issued light...
Sam Altman’s Reddit stake now worth over $1 billion after earnings pop
Sam Altman, CEO of OpenAI, at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.David A. Grogan | CNBCSam Altman, the controversial CEO of OpenAI, has a stake in social media company Reddit that's worth over $1 billion as of...
AMD earnings report Q3 2024
AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | ReutersAdvanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations.Here's how the...
Google CFO says company can ‘push a little further’ in cost savings
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyFor nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley.On Tuesday, Porat's...
23andMe appoints three new board members after abrupt resignations
Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023.Kelly Sullivan | Getty Images Entertainment | Getty Images23andMe appointed three new independent directors to its board, the company announced Tuesday, one month...
Alphabet to report Q3 earnings after the bell
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023.Justin Sullivan | Getty Images News | Getty ImagesGoogle parent Alphabet is set to report its third-quarter earnings Tuesday after the...
Apple Mac Mini 2024 announced with first redesign since 2010
Apple's new Mac Mini is smaller than its predecessor.AppleApple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller.Aside from a redesign that shrunk the case and reduced the...
Oracle announces new AI-powered electronic health record
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle unveiled a brand new electronic health record on Tuesday, its most...
PayPal (PYPL) Q3 2024 earnings
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Here's how the...
Trump accuses Taiwan of stealing U.S. chip industry on Joe Rogan podcast
Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry.Trump criticized the U.S. CHIPS Act and said he would implement tariffs...
Bitcoin briefly tops $70,000 for the first time since June
Omer Taha Cetin | Anadolu | Getty ImagesBitcoin briefly climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election.The price of bitcoin was last higher by about 3% at $69,925.00, according to...
AI boom thrusts Europe between power-hungry data centers, environmental goals
A large hallway with supercomputers inside a server room data center.Luza Studios | E+ | Getty ImagesThe boom in artificial intelligence is ushering in an environmentally conscious shift in how data centers operate, as European developers face pressure to lower the...
Microsoft calls out Google for ‘shadow campaigns’ in Europe in cloud
Google CEO Sundar Pichai and Microsoft CEO Satya NadellaUdit Kulshrestha and David Paul Morris | Bloomberg | Getty ImagesMicrosoft took the unusual step on Monday of publicly criticizing longtime rival Google for running "shadow campaigns" in Europe designed to...
Here’s how to get it on your iPhone
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 | ReutersApple on Monday released iOS 18.1, an update that includes the company's artificial intelligence, called Apple...
Oracle intends to join TEFCA, company says
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle on Monday announced it intends to join a new...
Apple iMac with M4 chip announced, starts at $1,299
Apple on Monday announced an updated iMac with the company's latest M4 chip. It starts at $1,299 and is available to order ahead of its release on Nov. 8.Apple's Mac family remains a large business segment even though it's less important to the company than the...
Wise’s billionaire CEO fined £350,000 by regulators over tax issue
Kristo Kaarmann, CEO and co-founder of Wise.Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an...
How I turned ChatGPT into my tour guide in Italy
Traveling through Italy, I used ChatGPT as a tour guide for the moments where my mom and I wandered into interesting little corners, alleys and buildings where our curiosity was piqued with no tour guide around.Salvador Rodriguez/CNBCAs I stood with my mom under the...
Delta suit against CrowdStrike after IT outage caused cancellations
Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City, U.S., July 2, 2022. Andrew Kelly | ReutersDelta Air Lines on Friday filed a lawsuit against CrowdStrike in Georgia, accusing the security...
Tesla shares rise to highest in over a year after Q3 earnings
Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty ImagesA day after...
Alphabet’s self-driving unit Waymo closes $5.6 billion funding round
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix,...
Amazon turns to team of ex-prosecutors to try to fight counterfeiters
In October 2018, police showed up at a nondescript industrial warehouse in New York's Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for knockoff military gear as part of an investigation into a distributor, called California...
Apple returns to top 5 in China with iPhone 16, Huawei grows faster
People walk past an advertisement for the iPhone 16 Pro at an Apple store during National Day holiday on October 3, 2024 in Chongqing, China.Cheng Xin | Getty Images News | Getty ImagesApple rejoined the ranks of the top five smartphone vendors in the China in the...
Elon Musk $26 billion richer after Tesla stock best day since 2013
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla | YoutubeTesla CEO Elon Musk, already the world's richest person, added another $26 billion in paper wealth on Thursday...
Dexcom (DXCM) Q3 2024 earnings report
Dexcom CEO Kevin Sayer.Scott Mlyn | CNBCShares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts' expectations but showed a decline in U.S. revenue year over year.Here's what the company reported...
Microsoft CEO Nadella requested pay reduction after security incidents
Microsoft CEO Satya Nadella speaks at an event on the company's Redmond, Washington, campus on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft gave CEO Satya Nadella a pay raise for the 2024 fiscal year of more than $30 million. But his total package...
OpenAI disbands another safety team, head advisor resigns
OpenAI is disbanding its "AGI Readiness" team, which advised the company on OpenAI's own capacity to handle increasingly powerful AI and the world's readiness to manage that technology, according to the head of the team.On Wednesday, Miles Brundage, senior advisor for...
Tesla shares surge as analysts react to Q3 earnings, Musk predictions
CANNES, FRANCE - JUNE 19: Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. (Photo by Marc...
Lilium plunges after saying main subsidiaries will file for insolvency
German company Lilium produces flying electric passenger drones.LiliumShares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries will file for insolvency in the coming days.The German aerospace startup's shares plunged 45%...
Why Meta and Snap are spending billions on AR glasses
After a decade of development and billions of dollars, Meta CEO Mark Zuckerberg in September pulled back the curtain on one of the company's most ambitious projects: an augmented reality prototype called Orion. A week earlier, Snap CEO Evan Spiegel took the stage at...
Nvidia boosts India push with Hindi language model and parnterships
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp...
IBM earnings Q3 2024
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of...
Tim Cook is likely visiting China to bolster support for Apple Intelligence, analysts say
In his second visit to China this year, Apple CEO Tim Cook has met with Beijing officials and local partners, as his company faces increased competition and looks to roll out Apple Intelligence in the country. China's Minister of Industry and Information Technology...
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.Jakub Porzycki | Nurphoto | Getty ImagesSouth Korea's SK Hynix, one of the world's largest memory chipmakers, on Thursday posted record quarterly...
Tesla investors have a lot of questions for Musk about Trump
Tesla CEO and X owner Elon Musk stands with Republican presidential nominee former U.S. president Donald Trump during a campaign rally, on the day Trump returns to the site of the July assassination attempt against him, in Butler, Pennsylvania, U.S., October 5,...
Apple releases new preview of its AI, including ChatGPT integration
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.Bloomberg | GettyApple on Wednesday released a beta version of a slew of Apple Intelligence...
Apple analyst Kuo says company cut iPhone 16 orders 10 million units
A series of iPhone 16 on display inside the Apple Inc. store at Tun Razak Exchange (TRX) on September 20, 2024 in Kuala Lumpur, Malaysia. Annice Lyn | Getty Images News | Getty ImagesApple shares fell about 2% on Wednesday after industry supply chain analyst Ming-Chi...
Tesla (TSLA) Q3 2024 earnings report
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Anna Moneymaker | Getty ImagesTesla is set to report third-quarter earnings on...
Inside the fall of 23andMe
Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq after all of its independent board members resigned in September. So what happened?Founded in 2006, 23andMe set out to revolutionize the once very exclusive...
Why China’s testing its autonomous car technology in the U.S.
Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing.But Chinese autonomous vehicle...
How trolls, lawsuits caused ‘trust and safety winter’ before election
Nina Jankowicz, a disinformation expert and vice president at the Centre for Information Resilience, gestures during an interview with AFP in Washington, DC, on March 23, 2023.Bastien Inzaurralde | AFP | Getty ImagesNina Jankowicz's dream job has turned into a...
Stripe’s $1.1 billion deal for Bridge marks much-needed win for VC
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesIn March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for...
Lilium faces insolvency as air taxi firm struggles to raise cash
German company Lilium produces flying electric passenger drones.LiliumGerman aerospace startup Lilium faces insolvency if it doesn't raise emergency funding from the state government for the southeastern state of Bavaria.Insolvency would mark a dramatic fall for a...
UK to introduce stablecoin law in ‘months’: Circle’s Dante Disparte
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesLONDON — The U.K. is likely to see stablecoin laws introduced in a matter of "months, not...
Amazon to shut down speedy brick-and-mortar ‘Today’ delivery service
Amazon Flex driver Ricardo Escalona works to deliver his same-day orders during Cyber Monday from an Amazon fulfillment center in Tampa, Florida, on Nov. 27, 2023.Octavio Jones | Getty Images News | Getty ImagesAmazon is shutting down a service that offers same-day...
Qualcomm shares fall 4.5% after Arm threatens to scrap key license
A smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023.Dado Ruvic | ReutersQualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key...
TSMC denies U.S. probing it after report suggests Huawei is using its chips
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023.Brendan Mcdermid | ReutersTaiwan Semiconductor Manufacturing Company has denied that the U.S. was investigating its dealings...
Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP.Chris Goodney | Bloomberg | Getty ImagesSalesforce shares jumped 98% in 2023 in part after the business software maker increased its adjusted operating margin after Starboard Value...
Near Space Labs AI cameras on balloons could speed up insurance claims
The task for insurance adjusters is enormous in the wake of back to back hurricanes Helene and Milton, which caused catastrophic damage across several southern states. For decades, these adjusters have used the same methods to assess property damage after natural...
Anthropic announces AI agents for complex tasks, racing OpenAI
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesAnthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it's reached an artificial intelligence milestone for the...
SAP CEO urges Europe not to regulate AI, says will put region behind
Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP's financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. - German software giant SAP reported a bottom line undermined...
U.S. proposal to curb AI, chip investment into China under final review
Inside one of Equinix's internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty ImagesMeasures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage...
Klarna produces more startups than any other European fintech: Accel
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 ImagesLONDON — More startups are being spun out of Swedish digital payments firm Klarna than any other financial technology...
GE HealthCare announces time-saving AI tool for doctors who treat cancer
GE Healthcare booth is seen ahead of the 2022 China International Fair for Trade in Services (CIFTIS) at China National Convention Center on August 28, 2022 in Beijing, China. Yi Haifei | China News Service | Getty ImagesGE HealthCare on Monday announced a new...
Ripple founder has given more than $11.8 million to Harris campaign
Chris Larsen, the co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund, according to FEC data compiled by Breadcrumbs crypto market and blockchain analyst James...
Microsoft to allow autonomous AI agent development next month
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024.Dimas Ardian | Bloomberg | Getty ImagesLONDON — Microsoft will allow businesses to start making their own autonomous artificial...
CNBC tries hearing test, hearing protection, hearing aid
Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesI tested the new hearing health features coming to Apple's AirPods Pro 2 headphones, and they...
Britain faces warnings of tech exodus over tax plans ahead of budget
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability.Pool | Getty Images News | Getty ImagesLONDON — British technology bosses and investors are warning that...
Crypto PAC Fairshake targets close House races as election nears end
"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector's...
Robinhood rolls out margin trading in the UK after regulator nod
Tthe Robinhood logo is displayed on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesLONDON — Robinhood said Monday that it's rolling out margin investing — the ability for investors to borrow cash to augment their trades — in the U.K.The...
Three in four Europeans support use of AI by the police and military
Peter Cade | Stone | Getty ImagesThe vast majority of Europeans support the use of artificial intelligence for police and military operations, according to a new report by Madrid's IE University shared with CNBC."European Tech Insights," which measured the attitudes...
Elon Musk offers $1 million a day to entice swing state voters
Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S., October 17, 2024. Rachel Wisniewski | ReutersElon Musk...
Tech companies head to Las Vegas to tout health AI tools
Visitors check out Nvidia's AI technology at the 2024 Apsara Conference in Hangzhou, China, on September 19, 2024.Costfoto | Nurphoto | Getty ImagesNvidia, Google, Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase...
Crypto’s $130 million election binge has boosted Utah’s John Curtis
U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City.Rick Bowmer | APSALT LAKE CITY — John Curtis, a Republican congressman from Utah,...
BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
Marquee at the main entrance to BlackRock headquarters building in Manhattan.Erik Mcgregor | Lightrocket | Getty ImagesSALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of...
‘That must end:’ Government urges new thinking on ransomware payments
Anne Neuberger, deputy national security advisor for cyber and emerging technologies, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., U.S., on Monday, May 10, 2021 amid the Colonial fuel pipeline...
Tesla faces NHTSA investigation of ‘Full Self-Driving’ after fatal collision
A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Mike Blake | ReutersTesla faces a new investigation by the...
Trump crypto project allows ex-president’s family to make 75% of revenue
Donald Trump's crypto project, World Liberty Financial, published a 13-page document Thursday that described its mission and how tokens can be allocated, and that indicated that the Republican presidential nominee and his family could take home 75% of net revenue.In...
AWS CEO says employees unhappy with 5-day office mandate can leave
Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon's cloud boss on Thursday gave employees a frank message about the company's recently announced five-day in-office mandate.Staffers who don't agree with Amazon's new policy...
Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024.Beata Zawrzel | Nurphoto | Getty ImagesNetflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat...
Intel seeks billions for minority stake in Altera business, sources say
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022.Tom...
After rejecting Google takeover, Wiz says will IPO when ‘stars align’
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align."Wiz makes software that connects to cloud storage...
Google CEO names new search and ads boss, slides predecessor to CTO
Prabhakar Raghavan speaks during the U.S. Conference of Mayors Winter Meeting in Washington, D.C., on Jan. 17, 2024.Julia Nikhinson | Bloomberg | Getty ImagesGoogle is replacing Prabhakar Raghavan, the company's search and ads boss, with longtime Google executive Nick...
Amazon Prime Video to stream election special hosted by Brian Williams
Brian Williams.Lloyd Bishop | NBC | Getty ImagesAmazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company's first foray into live news coverage.The one-night special will provide election results and analysis on...
UK’s Ofcom warns of big fines for tech giants under Online Safety Act
Sebastien Bozon | AFP | Getty ImagesLONDON — Technology giants could face "significant" fines if they don't comply with the U.K.'s internet safety regulations, which are set to enter into force in two months' time, the British media regulator Ofcom warned...
Unity releases Unity 6, CEO Matt Bromberg’s first big product launch
Pavlo Gonchar | Lightrocket | Getty ImagesFive months into his tenure as CEO of Unity Software, Matt Bromberg is overseeing his first big product launch as he tries to push the company past an extended stretch of challenges.On Friday, the video game software company...
Uber discussed a bid for travel booking company Expedia
Uber discussed a bid for travel booking company Expedia, CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery.The talks were in early stages, according to a person familiar with the discussions who asked...
Nvidia stock rises to new record, above June high as AI trade rekindled
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024.Annabelle Chih | Bloomberg | Getty ImagesShares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had...
Stanley Druckenmiller regrets Nvidia sale after stock tripled in 2023
Stanley Druckenmiller at CNBC's Delivering Alpha on Sept. 28, 2022.Scott Mlyn | CNBCBillionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake.""I've made so many mistakes in my investment career —...
Most EU countries miss deadline to meet new cybersecurity rules
Businesses have been working hard to shift their culture internally to ensure they're taking the threat of cyber breaches and outage incidents seriously.Andrew Brookes | Image Source | Getty ImagesNew European Union regulations requiring businesses to bolster their...
Profit beats expectations as AI boom drives 54% hike
An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022.I-Hwa Cheng | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as...
Bitcoin hits highest level since July, boosting crypto-related stocks
Avishek Das | Lightrocket | Getty ImagesThe price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins...
Trump-backed crypto token sale raises less than $12 million
It's been just over twenty-four hours since the launch of the Donald Trump-endorsed digital coin "WLFI," and the token is failing to deliver on the ambitious fundraising goals set by its founding team.World Liberty Financial — which bills itself as a crypto bank where...
Amazon announces Colorsoft, first Kindle with color screen for $279
Kindle Colorsoft 2024AmazonAmazon on Wednesday announced a new Kindle e-reader, and for the first time ever it has a color display.The retailing giant introduced the Kindle in 2007, and every device since then has had a black-and-white screen. The new Kindle has a...
ASML 2025 outlook shows US chip export curbs impacting China sales
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024.Jonathan Raa | Nurphoto | Getty ImagesASML on Tuesday offered the first glimpse into how U.S....
Generative AI startups get 40% of all VC investment in cloud: Accel
Style-photography | Istock | Getty ImagesGenerative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.In its latest annual Euroscape report, which looks at key...
Trump PAC has raised about $7.5 million in crypto donations
(L to R) Eric Trump, former US President and Republican presidential candidate Donald Trump and Donald Trump, Jr. attend a remembrance ceremony on the 23rd anniversary of the September 11 terror attack on the World Trade Center at Ground Zero, in New York City on...
UAE can guarantee the ‘safety and the security’ of chips, G42 CEO says
The CEO of the United Arab Emirates’ premier AI firm stressed that the Gulf country is a reliable partner to the U.S. when it comes to keeping sensitive technology safe, as Washington reportedly mulls curbs on chip sales to certain countries — particularly those in...
Big Tech turns to nuclear energy to fuel power-intensive AI ambitions
The OpenAI app icon displayed along with other AI applications on a smartphone.Jonathan Raa | Nurphoto via Getty ImagesTechnology giants are turning to nuclear energy to power the energy-intensive data centers needed to train and run the massive artificial...
Global chip stocks fall on ASML’s disappointing outlook, possible U.S. export cap
A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024.Nurphoto | Nurphoto | Getty ImagesGlobal chip stocks fell on Wednesday, after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving...
Trump’s coin sale misses early targets as crypto website crashes
U.S. President Donald Trump looks at a debit card to be used to distribute Covid-19 relief funds to the public during a cabinet meeting in the East Room of the White House in Washington, D.C., U.S., on Tuesday, May 19, 2020.Kevin Dietsch | Bloomberg | Getty...
Chip firm ASML shares fall 15% on disappointing sales outlook in early release
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesShares in semiconductor equipment maker ASML fell over 15% Tuesday after the Dutch company's results were released a day early.The move pulled...
Apple announces new iPad mini, available to order now
Apple iPad Mini 2024AppleApple announced a new iPad mini on Tuesday, offering the first update to its smallest tablet since 2021.The new iPad mini comes with a faster A17 Pro processor, the same chip that was in last year's iPhone 15 Pro. That means it supports Apple...
Amazon using tech from Khosla-backed Fulfil in Whole Foods pilot
Customers shop for produce at a Whole Foods Market 365 location in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesAs Amazon looks to add more automation into its supermarkets, the retailing giant is partnering with a Khosla-backed startup that...
Kamala Harris got $1 million from Ripple’s Chris Larsen, crypto warms
Chris Larsen, co-founder of Ripple.Source: YouTubeSAN FRANCISCO — For months, crypto companies and their executives have been pouring tens of millions of dollars into Donald Trump's effort to win the White House. Chris Larsen isn't one of them.The co-founder and...
Oura Ring 4 review
The Oura Ring 4.Courtesy: OuraAfter two weeks of wearing the Oura Ring 4, the smart ring gave me a better understanding of how my sleep, stress and exercise influence how I feel in my day-to-day life. The Oura Ring 4 began shipping to customers and became available in...
Trump’s crypto coin on sale with Election Day just three weeks out
Collect Trump CardsSource: Collecttrumpcards.comWith shares of his nascent social media business in the midst of a sharp rebound and with just three weeks until the presidential election, Donald Trump is bringing his latest proposed money-making endeavor to market,...
Xpeng exec says Chinese EV firm committed to Europe despite tariffs
Chinese electric vehicle maker Xpeng remains committed to Europe for the long term despite pressure it faces from the European Union's tariffs, according to a top company official."Our plan for Europe is a very long term one," Brian Gu, Xpeng's vice chairman and...
Nvidia shares hit a record as chipmaker market cap tops $3.4 trillion
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty ImagesNvidia shares headed for a record close on Monday as Wall Street gears up for earnings...
ServiceNow to invest $1.5 billion in UK to localize AI data processing
Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCAmerican enterprise software giant ServiceNow announced Monday it plans to...
European founders call for single EU startup body to boost tech sector
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022's Italian Tech Week in Turin, Italy.Giuliano Berti | Bloomberg | Getty ImagesFounders of some of Europe's largest technology unicorns on Monday backed an open letter calling for a "tech renaissance"...
What internet data brokers have on you, and how you can get it back
D3sign | Moment | Getty ImagesData brokers have long operated in the shadows of the internet, quietly amassing unprecedented amounts of personal information on billions of people across the globe, but few realize just how deep this data collection really goes.In an...
Cerebras IPO has ‘too much hair’ as chipmaker tries to take on Nvidia
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 ImagesAI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in...
Nvidia-backed CoreWeave picks up $650 million credit line
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background.Omar Marques | SOPA Images | Lightrocket | Getty ImagesCoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other...
Tesla robotaxi event comes after years of Elon Musk’s missed deadlines
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersWith Tesla's hotly anticipated...
Microsoft will let people buy games in Xbox Android app in November
Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023.Franziska Krug | German Select | Getty ImagesMicrosoft will allow people to buy and play video games through its Xbox app for Android starting in November,...
Tesla (TSLA) stock drops in premarket after Cybercab robotaxi reveal
Tesla unveils its "Cybercab" on October 10, 2024 in Burbank, California.Shares of electric vehicle maker Tesla sank after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress...
Labour shouldn’t treat all AI firms the same
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company's annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesLONDON — The UK chief executive of Salesforce wants the...
Elon Musk hypes a $30,000 Tesla Cybercab, Robovan at robotaxi event
After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company's Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals.Rolling up to the stage in a Cybercab almost an hour...
AMD launches MI325X AI chip to rival Nvidia’s Blackwell
AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia's data center graphics processors, known as GPUs.The Instinct MI325X, as the chip is called, will start production before the end of 2024, AMD said Thursday during an event...
Microsoft announces new health-care AI tools
Microsoft on Thursday announced new health-care data and artificial intelligence tools, including a collection of medical imaging models, a health-care agent service and an automated documentation solution for nurses. The tools aim to help health-care organizations...
OpenAI chair Bret Taylor talks AI agents, regulation and the tech’s current boom
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022.Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chairman of OpenAI, joined CNBC's Squawk on the Street Thursday to discuss his artificial intelligence...
Meta finally finds success in AR, VR three years after changing name
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, U.S. September 25, 2024. Manuel Orbegozo | ReutersWhen Facebook changed its name to Meta in...
OpenAI says more cyber actors using its platform to disrupt elections
Jaap Arriens | NurPhoto via Getty ImagesOpenAI is increasingly becoming a platform of choice for cyber actors looking to influence democratic elections across the globe.In a 54-page report published Wednesday, the ChatGPT creator said that it's disrupted "more than 20...
Amazon tests adding robot warehouses to Whole Foods
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on October 7, 2020.David Paul Morris/Bloomberg via Getty ImagesAmazon said Wednesday it's testing adding...
Ripple launches crypto storage services for banks in bid to diversify
Jakub Porzycki | Nurphoto | Getty Images U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients.The San...
Amazon Just Walk Out rival shutters after failing to secure funding
Grabango's mobile appGrabangoGrabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat."Although the company established itself as a leader in...
AI startup Writer launches new model to compete with OpenAI
CEO of writer.com May Habib attends the Harper's Bazaar At Work Summit, in partnership with Porsche and One&Only One Za'abeel, at Raffles London at The OWO on November 21, 2023 in London, England.Dave Benett | Getty ImagesSan Francisco-based AI startup Writer...
Nvidia stock up 25% in a month as stock closes in on new record
Nvidia CEO Jensen Huang presents "Blackwell" at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024.Ann Wang | ReutersNvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks,...
Amazon same-day prescription delivery expanding to half of U.S. in 2025
The Amazon Pharmacy home screen is seen on a smartphone, Nov. 17, 2020.Gabby Jones | Bloomberg | Getty ImagesAmazon plans to bring same-day prescription delivery to 20 more cities next year, the company said Wednesday, marking the latest phase of its push into health...
