Technology
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...
TikTok’s casino-like virtual currency harms children, DC AG alleges
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March...
HSBC exec says there’s a lot of AI ‘success theater’ in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many...
Elon Musk’s X back online in Brazil after receiving court clearance
The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty ImagesElon...
DOJ indicates it’s considering Google breakup following monopoly ruling
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...
OpenAI announces content deal with Hearst
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersOpenAI announced a partnership with Hearst, the media conglomerate behind outlets like the Houston Chronicle, the...
How one startup is making cleaner asphalt by decarbonizing natural gas
Companies like Monolith and Seattle-based startup Modern Hydrogen are using new technologies to create a cleaner hydrogen that's also creating a useful byproduct — solid carbon that can be used to make petroleum-free asphalt materials."Modern Hydrogen produces clean...
American Water, largest U.S. water utility, hit by cyberattack
Picture Alliance | Picture Alliance | Getty ImagesAmerican Water, the largest water utility in the U.S., disclosed that it had been hit by a cyberattack.The Camden, New Jersey-based company said in a security statement on its website that it had learned of...
LinkedIn releases Tango game after launch of Queens puzzle in May
A man opens the LinkedIn social network app on his smartphone at the breakfast table in Berlin on July 5, 2024.Alicia Windzio | Picture Alliance | Getty ImagesEvery morning, Emily Ritter spends 15 minutes in bed checking her Instagram, Messages, Slack and Strava apps...
Amazon’s ex-retail boss Dave Clark launches new supply chain startup
Dave Clark, Amazon's former CEO of global consumer, who briefly helmed logistics company Flexport, is returning to the startup world.Clark on Tuesday launched a new venture, called Auger, which aims to help companies and governments combine the mishmash of...
Women’s health startup Maven Clinic raises at $1.7 billion valuation
Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024.Danielle DeVries | CNBCMaven Clinic, a health-care startup for women and families, announced Tuesday that it has closed a $125 million funding round at a $1.7 billion...
Women’s health startup Maven Clinic raises $125 million
Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024.Danielle DeVries | CNBCMaven Clinic, a health-care startup for women and families, announced Tuesday that it has closed a $125 million funding round at a $1.7 billion...
Uber offers option of only full-electric vehicles, launches AI chatbot
Uber is driving on the road in Krakow, Poland, on July 4, 2024. Nurphoto | Nurphoto | Getty ImagesUber CEO Dara Khosrowshahi on Tuesday announced that the company is updating its platform with new sustainability-minded features, including an "EV preference" that will...
FTX bankruptcy judge approves more than $14 billion payback plan
Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday.Nearly two years after FTX spiraled into bankruptcy, a Delaware judge approved the company's...
Former Humane execs secure $25 million valuation for new AI venture
Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. Brooke Hartley Moy and Ken Kocienda, Humane's former strategic partnerships...
Samsung issues lengthy apology after results — read the statement
The leading memory chip manufacturer projected that its operating profit for the quarter ending in September will be approximately 9.10 trillion won, missing LSEG expectations.Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7...
Apple could launch a ring to rival Samsung in 2026: CCS Insight
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding...
Foxconn chairman says AI boom still has time to go as LLMs evolve
Chairman of Foxconn Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.I-hwa Cheng | AFP | Getty ImagesThe boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are...
Google ordered to open Android app store in Epic Games trial
Character actors from the Epic Games Fortnite video game dance during the E3 Electronic Entertainment Expo in Los Angeles, on June 12, 2019.Kyle Grillot | Bloomberg | Getty ImagesA U.S. judge issued a permanent injunction on Monday that will force Google to offer...
Super Micro soars after company says shipping over 100,000 AI GPUs
Super Micro CEO Charles Liang.Source: SupermicroSuper Micro Computer shares jumped 15% after the computer server company said it's shipping more than 100,000 graphics processing units used for artificial intelligence per quarter.That could translate into several...
Robotaxis are here but the public is reluctant to embrace them
Driverless cars are speeding onto America's streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew...
Banks and tech companies at odds over online fraud liability in UK
Meta is facing calls from U.K. banks and payment firms like Revolut to financially compensate people who fall for scams on their services.Jaap Arriens | Nurphoto via Getty ImagesTensions are escalating between banking and payment companies and social media firms in...
AI should make you like your real estate agent more
Real estate agent and reality television star Ryan Serhant.NewspixReal estate has been historically slow to modernize, but AI is changing that. The integration of artificial intelligence is transforming how buyers and sellers interact with agents, fundamentally...
Amazon makes big bet on selling cashierless tech to outside retailers
In 2012, Amazon founder Jeff Bezos was asked by TV host Charlie Rose whether his e-commerce company would ever venture into brick-and-mortar stores. Bezos said shoppers were well-served by existing physical retailers and that Amazon wasn't interested in launching a...
WordPress CEO Matt Mullenweg goes ‘nuclear’ on Silver Lake, WP Engine
Automattic founder, Matt MullenwegSource: AutomatticMatt Mullenweg, who turned 40 in January, has now spent more than half his life working on WordPress. He's never had such an insane two weeks.WordPress, best known as a leading content management system, has hundreds...
Apple is turning to its army of developers for an edge in the AI race
A view of Apple's new iPhone 16 at an Apple Store on the Regent Street in London, United Kingdom on September 20, 2024.Rasid Necati Aslim | Anadolu | Getty ImagesAs Apple prepares Apple Intelligence to jump into Silicon Valley's AI race, it's relying on one of its...
Ben Horowitz says he plans to donate to VP Kamala Harris’ campaign
Ben Horowitz (right), Andreessen Horowitz partner talks about artificial intelligence and jobs at the TANIUM CONVERGE16 conference San Francisco.Harriet Taylor | CNBCLess than three months after announcing plans to contribute to political action committees supporting...
Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout
The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024.John Keeble | Getty ImagesShares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm's founding Guillemot...
Mark Zuckerberg passes Jeff Bezos as world’s second-richest person
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 CEO Mark Zuckerberg has...
XRP slides 9% after SEC appeals decision in landmark Ripple case
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty ImagesThe price of the XRP token tumbled Thursday, a day after the Securities and Exchange Commission filed to...
Demand for Blackwell AI chip is ‘insane’
Nvidia CEO Jensen Huang said in an interview with CNBC's "Closing Bell Overtime" that demand for the company's next-generation artificial intelligence chip Blackwell is "insane.""Everybody wants to have the most and everybody wants to be first," Huang said during the...
OpenAI gets $4 billion revolving credit line on top of latest funding
OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company...
Digital bank Revolut slams Meta over approach to scams
Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg.ReutersBritish financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who...
European tech brain drain ‘number one risk’ ahead of IPO
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesA European technology talent brain drain is the biggest risk factor facing Klarna as the Swedish payments company gets...
Oura Ring 4 smart ring announced for $349, releases Oct. 15
A user wearing an Oura RingCourtesy: OuraOura unveiled its new smart ring, the Oura Ring 4, on Thursday, which is available starting at $349. The company's rings track sleep, exercise, stress, heart health and other metrics to help users understand their bodies and...
Elon Musk’s decade-long journey to Tesla robotaxis
For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. Next week, the company will unveil the design of its autonomous cabs. Despite years of bold predictions and missed deadlines, fans of the company are holding...
OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies.While OpenAI didn't name the investors in Wednesday's press release, a...
Tesla (TSLA) Q3 2024 vehicle delivery and production numbers
A worker unloads a new Tesla Model 3 from a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty ImagesTesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell...
Goldman Sachs-backed digital bank Starling hit with FCA fine
The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesU.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems.In a statement...
Facebook owner Meta to share data with UK banks to counter scams
Jakub Porzycki | Nurphoto | Getty ImagesFacebook parent company Meta on Wednesday said that it's working with two leading banks in the U.K. on an information-sharing arrangement to help protect consumers from fraud.Meta said it was expanding its Fraud Intelligence...
Bitcoin tumbles to $60,000 level as Middle East tensions heighten
Jonathan Raa | Nurphoto | Getty ImagesCryptocurrencies slid on Tuesday night, with bitcoin dropping back to the $60,000 level after a shaky start to what is usually one of its strongest months.The flagship crypto was last off by nearly 4% at $60,972.62, according to...
Tesla’s Q3 deliveries is expected ahead of robotaxi event
Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday. Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of...
India to fabricate its first chip in two years as companies pledge to expand in the country
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion...
Microsoft starts rolling out Windows 11 2024 update, version 24H2
Microsoft CEO Satya Nadella speaks at the company's annual developer conference in Seattle on May 21, 2024.Max Cherney | ReutersMicrosoft said Thursday that it's starting the process of releasing a broad update to its Windows 11 operating system for PCs.Today, Windows...
Meta sued for hiring employee accused of stalking
A logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024.Julien De Rosa | Afp | Getty ImagesA former Meta staffer who was placed on a "Do Not Hire" list...
Microsoft AI bet shows up in finance leases that haven’t yet commenced
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on...
Mastercard to buy subscription management startup Minna Technologies
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Joan Cros Garcia - Corbis | Corbis News | Getty ImagesMastercard...
Assassin’s Creed maker Ubisoft (UBI) faces questions over its future
Ubisoft postponed the release of the next title in its popular "Assassin's Creed" game franchise — called "Assassin's Creed Shadows" — by three months to Feb. 14, 2025.John Keeble | Getty ImagesFrench video game publisher Ubisoft is facing questions over its future,...
PayPal CEO Alex Chriss first year praised by Wall Street, stock pop Q3
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalIn January, about a hundred days into his job as PayPal CEO, Alex Chriss told CNBC's David Faber that the payments company hadn't had much to celebrate in recent years. But Chriss confidently said he was prepared to...
Cerebras files for IPO
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an...
Robinhood launches crypto transfers in Europe in push overseas
Retail investing platform Robinhood on Tuesday announced that it's offering customers in Europe the ability to transfer cryptocurrencies in and out of its app, broadening its product capabilities in the region as it presses ahead with international expansion.In a blog...
Cybersecurity firm Proofpoint explores external funding as it eyes IPO
Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He's been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller...
Freetrade buys UK arm of Australian investing platform Stake
People walk along London Bridge past the City of London skyline.Sopa Images | Lightrocket | Getty ImagesLondon-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.The move is...
Google to invest $1 billion in Thailand data center and AI push
An illuminated Google logo is seen inside an office building in Zurich, Switzerland.Arnd Wiegmann | ReutersGoogle announced Monday it is investing 36 billion Thai baht, or $1 billion, into Thailand for the creation of a new data center and expansion of the country's...
Bitcoin and crypto stocks sink after last week’s rally
Bitcoin.Nurphoto | Getty ImagesBitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month.The flagship cryptocurrency was last lower by 3.5% at $63,612.63, after briefly...
It’s time to take warnings about using airport public Wi-Fi seriously
Over the years, travelers have repeatedly been warned to avoid public Wi-Fi in places like airports and coffee shops. Airport Wi-Fi, in particular, is known to be a hacker honeypot, due to what is typically relatively lax security. But even though many people know...
Inside one of the first all-female hacker houses in San Francisco
For Molly Cantillon, living in a hacker house wasn't just a dream, but a necessity."I had lived in a few hacker houses before and wanted to replicate that energy," said Cantillon, 20, co-founder of HackHer House and founder of the startup NOX. "A place where really...
OpenAI sees $5 billion loss this year on $3.7 billion in revenue
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed.The...
Elon Musk’s X expected back online in Brazil ahead of elections
The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty ImagesX has...
Hands-on with Meta’s Orion augmented-reality smart glasses prototype
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 | ReutersThe most impressive aspect of Meta's Orion...
Alibaba, Tencent rally as China tech stocks rise on stimulus plans
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesChinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's...
OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’
At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the company, calling that information "just not true," according to a person who was in attendance.Altman and finance chief Sarah Friar...
OpenAI’s CFO says funding round should close by next week in letter
OpenAI's Sora AI tool allows users to create AI-generated videos from text-based inputs.Costfoto | Nurphoto | Getty ImagesOpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position...
Super Micro shares tumble 12% after DOJ reportedly opens probe into company
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesSuper Micro Computer shares fell more than 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom.The probe...
Google backs Distance, startup bringing mixed reality to cars, planes
Distance Technologies develops a product that it says can turn any transparent surface into an augmented-reality display.Distance TechnologiesDistance Technologies, a Finnish startup that aims to bring mixed-reality technology to any car windshield or plane cockpit,...
Just Eat Takeaway.com to deliver sex toys in partnership with Lovehoney
A Just Eat sign displayed at the front of a pizza takeaway shop on May 19, 2020 in Fleet, England.Alex Burstow | Getty ImagesGrubhub-owner Just Eat Takeaway.com said Thursday it had partnered with sex toy retailer Lovehoney Group, in an unexpected expansion into the...
Facebook’s misinformation problem has local election officials on edge
Voters cast their mail-in ballots at a ballot drop box outside Maricopa County Recorder and Elections Department southeast Mesa office during the Arizona state primary election in Mesa, Arizona, U.S. July 30, 2024. Rebecca Noble | ReutersDerek Bowens has never had...
Amazon automation scammers sued by FTC for false claims, death threats
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022.Stephanie Keith | Bloomberg | Getty ImagesJamaal Sanford received a disturbing email in May of last year. The message, whose sender...
American Eagle sues Amazon over trademark infringement of Aerie line
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty ImagesAmerican Eagle Outfitters is suing Amazon for trademark infringement, alleging the e-commerce giant used branding from its Aerie clothing line in...
OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
Mira Murati, chief technology officer of OpenAI, during an interview on "The Circuit with Emily Chang" in San Francisco on April 4, 2023.Philip Pacheco | Bloomberg | Getty ImagesOpenAI's board is considering plans to restructure the firm to a for-profit business,...
Klarna partners with Adyen to bring buy now, pay later in-store
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesSwedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores.The...
Major global chip stocks rally on strong Micron forecast
Global chip makers are in focus amid a boom in artificial intelligence applications. Sefa Ozel | E+ | Getty ImagesGlobal chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share...
Meta unveils cheaper $299 Quest 3S VR headset
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty ImagesMeta announced the Quest 3S, the latest...
How Apple and Microsoft’s trusted brands are being used to scam you
No, it's not really Apple or Microsoft popping up on your screen to tell you your computer has been infected.It's scammers trying to convince you to call them and divulge sensitive information, which may include passwords, bank or credit account information or Social...
Surging AI demand could cause the world’s next chip shortage: Report
Georgijevic | E+ | Getty ImagesA surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Company.The last...
Google files EU antitrust complaint accusing Microsoft of stifling cloud competition
Jakub Porzycki | Nurphoto | Getty ImagesGoogle filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry.At the heart of Google's...
How to use ChatGPT advanced voice mode from OpenAI
OpenAI has launched advanced voice mode for audio chats with ChatGPT.Jordan Novet, CNBCChatGPT is ready for more natural audio chats.OpenAI said Tuesday that its popular chatbot now has an advanced voice feature for people who pay for the premium service. The tool...
Blackstone and Vista Equity Partners to acquire software maker Smartsheet
Smartsheet CEO Mark Mader.Source: SmartsheetCollaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion.Stockholders will receive $56.50 per share, a 41%...
Microsoft GitHub gives clients option to keep sensitive code in EU
Microsoft-owned GitHub says that 90% of the world's open-source projects are stored on its code repository platform.Jonathan Raa | Nurphoto via Getty ImagesMicrosoft-owned developer platform GitHub on Tuesday said it is giving enterprise users the ability to limit the...
Caroline Ellison could face no jail time for role in FTX collapse
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty ImagesCaroline Ellison was the star witness in the criminal case against disgraced...
Middle Eastern funds plowing billions into the hottest AI start-ups
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings.Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to...
Harris agrees to potential CNN debate with Trump on Oct. 23
U.S. Vice President Kamala Harris, the Democratic presidential nominee, speaks at the Cobb Energy Performing Arts Centre in Atlanta on Sept. 20, 2024. Harris spoke about abortion and reproductive rights in Georgia as she continues to campaign against Republican...
Elon Musk hopes supercomputers will boost Tesla and xAI
Elon Musk is on a mission to build new supercomputers. As the CEO of Tesla and his new artificial intelligence startup xAI, the tech titan has big plans for how artificial intelligence can help to supercharge his businesses.In January, he wrote on X that Tesla should...
Intel wild week leaves Wall Street uncertain about chipmaker’s future
Intel CEO Patrick Gelsinger speaks at the Intel Ocotillo Campus in Chandler, Arizona, on March 20, 2024. Brendan Smialowski | AFP | Getty ImagesIt was quite a week for Intel.The chipmaker, which has lost over half its value this year and last month had its worst day...
SEC says Musk should be sanctioned if he keeps dodging Twitter depositions
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 | ReutersThe Securities and Exchange...
Intel shares pop on report Qualcomm has approached it about takeover
Qualcomm CEO Cristiano Amon speaks at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | ReutersQualcomm approached Intel about a takeover in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares rose 8%...
Apple releases iPhone 16, Apple Watch Series 10 and AirPods 4
Apple on Friday greeted customers at its stores around the world for the debuts of the iPhone 16, Apple Watch Series 10 and AirPods 4.The new products were announced at an event earlier this month and have been available for pre-order since Sept. 13. The company lit...
Tesla, Nvidia lead tech stocks to one of best days of 2024 on rate cut
Investors poured into tech stocks at one of the fastest clips of the year a day after the Federal Reserve cut its benchmark interest rate for the first time since 2020.Led by a 7.4% gain in shares of Tesla and a 4% jump in Nvidia, the Nasdaq rose 2.5% on Thursday, its...
Indian ed-tech startup Physics Wallah bags $2.8 billion valuation with funding
Alakh Pandey (R), CEO of Physics Wallah, along with the company's co-founder Prateek Maheshwari (L).Physics WallahIndian education technology startup Physics Wallah announced on Friday that it had raised $210 million as it looks to expand its business, in part via...
Elon Musk’s X and Starlink face daily fines in Brazil for ban evasion
Combinations showing Entrepreneur Elon Musk (L) and Brazil Supreme Court Justice Alexandre de Moraes (R)Reuters (L) | Getty Images (R)Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the...
Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengHEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.Onvo, the lower-priced brand...
Amazon introduces Amelia, an AI assistant for third-party sellers
Amazon parcels are prepared for delivery at Amazon's Robotic Fulfillment Centre.Nathan Stirk | Getty ImagesAmazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and...
Bitcoin and crypto stocks rise after the Fed cuts rates half a point
Roslan Rahman | AFP | Getty ImagesCryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years.The price of bitcoin was recently...
YouTube announces AI features from Google DeepMind for Shorts creators
Veo in Dream Screen.YouTubeYouTube on Wednesday announced artificial intelligence features for creators on its Shorts platform that tap into Google's DeepMind video-generation model.The features, known as Veo, will allow creators to add AI-generated backgrounds to...
Alibaba launches over 100 new AI models, releases text-to-video generation
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary...
Bosses shouldn’t ‘BS’ employees about AI impact
Demaerre | Istock | Getty ImagesCorporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech billionaire.Jim Kavanaugh, the CEO...
China looks for domestic Nvidia rival — but that’s proving challenging
Chinese companies are ramping up efforts to produce a viable alternative to Nvidia's chips that power artificial intelligence as Beijing continues its efforts to wean itself off American technology.U.S. sanctions slapped on China over the past few years, along with...
Elon Musk’s X ‘declined to send’ appropriate witness to Senate hearing
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: "Civil war is inevitable." Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesWhile top...
Amazon bumps average warehouse pay and adds free Prime membership perk
An Amazon warehouseGetty ImagesAmazon announced Wednesday it's raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost.Starting this month, Amazon's average starting pay for front-line...
Apple iPhone 16 Pro Max review
iPhone 16 ProApple Inc. Apple's iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I've spent the past five days been testing the high-end iPhone 16 Pro Max.It's a great phone with cool updates like a dedicated camera button, and it charges...
Elon Musk says SpaceX will sue FAA for ‘regulatory overreach’
SpaceX's Polaris Dawn Falcon 9 rocket sits on Launch Complex 39A of NASA's Kennedy Space Center as it is prepared for another attempt to liftoff in Cape Canaveral, Florida, on Sept. 9, 2024.Joe Raedle | Getty ImagesElon Musk said SpaceX will sue the Federal Aviation...
Microsoft, BlackRock form GAIIP to invest in AI data centers, energy
Microsoft CEO Satya Nadella speaks during the company's Build developer conference in Seattle on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data...
Court backs Google’s challenge to the EU’s $1.7 billion antitrust fine
A Google logo displays on a smartphone screen and the European flag on a computer screen.Nikolas Kokovlis | Nurphoto | Getty ImagesThe European Union's second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google by regulators should...
23andMe independent directors resign from board: Read the CEO memo
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 ImagesAll seven independent directors of 23andMe resigned from...
Bitcoin climbs above $60,000 ahead of Fed rate decision
Avishek Das | Lightrocket | Getty ImagesBitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve's rate cutting plans.The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one...
Snap unveils latest AR glasses, despite core business struggling
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap on Tuesday announced the fifth generation of its Spectacles...
Apple Watch Series 10 review
The Apple Series 10 is displayed during an event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.Loren Elliott | ReutersThe new Apple Watch Series 10 hits stores on Friday. I've been testing it for the past five days, and there are enough...
How Amazon is using generative AI to drive more same-day deliveries
For years, Amazon has set the bar for package delivery. When Prime launched in 2005, two-day shipping was unheard of. By 2019, one-day shipping was standard for millions of items. Now, the retail giant is turning to generative AI to drive more same-day shipping.Amazon...
Tech dealmakers skeptical that M&A will pick up after election
Lina Khan, chair of the U.S. Federal Trade Commission, and Jonathan Kanter, assistant attorney general for the Justice Department's antitrust division, participate in a discussion on antitrust reforms at the Brookings Institution in Washington on Oct. 4, 2023. Khan...
British e-commerce firm THG to spin off technology platform Ingenuity
THG, which was previously known as The Hut Group, is an e-commerce business based out of the U.K.Pavlo Gonchar | Sopa Images | Lightrocket via Getty ImagesBritish e-commerce firm THG said Tuesday that it is looking to spin off its technology platform, Ingenuity, in a...
Big AI models will be commoditized: Infosys chair says
Massive artificial intelligence models built by the likes of OpenAI will eventually become commoditized with the next wave of value in the technology coming from the applications that are built on top of the models, the co-founder and chair of Infosys told CNBC on...
Intel turns foundry business into subsidiary, weighs outside funding
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024.I-hwa Cheng | AFP | Getty ImagesIntel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry...
OpenAI announces new independent board oversight committee for safety
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesOpenAI on Monday said its Safety and Security Committee, which the company introduced in May as it...
Intel awarded up to $3 billion under CHIPS Act
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 ImagesThe Biden administration on Monday awarded Intel up to an additional $3 billion under the CHIPS and Science...
Chinese companies aiming to compete with Nvidia on AI chips
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesU.S. sanctions over the years on China's semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector.The boom of artificial...
Best new Apple iOS 18 iPhone apps, features to protect your privacy
Apple released the latest version of its iPhone operating system, iOS 18, on Monday, including several new security and privacy features. The rollout comes a week after Apple unveiled new versions of the iPhone, AirPods and Apple Watch. Preorders for the new iPhones...
Crypto spend on election hits $190 million, led by Winklevoss twins
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., 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...
Oracle’s Larry Ellison dethrones Jeff Bezos as world’s second-richest man
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 shares surged more than 6% on Monday, continuing their recently rally and...
Amazon tells employees to return to office five days a week
Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday.The decision marks a significant shift from Amazon's earlier return-to-work stance, which required corporate workers to be in the office at least...
Apple releases iOS 18 for iPhones, without include Apple Intelligence
CEO of Apple Tim Cook shows a peace sign as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024.Manuel Orbegozo | ReutersApple on Monday released iOS 18, the latest version of its software for iPhones.This is...
FDA clears Apple’s sleep apnea detection feature for use
Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Monday, Sept. 9, 2024. Apple Inc. unveiled a new version of its smartwatch with a bigger screen and the ability to detect sleep apnea, part of an...
Hundreds of Amazon delivery drivers in New York join Teamsters union
An attendee holds a Support Amazon Teamsters sign during a rally with workers and union members as part of an "Amazon Teamsters Day of Solidarity" in support of the unionization and collective bargaining of Amazon delivery drivers at the Teamsters Local 848 on August...
Apple shares slide as analysts highlight sluggish iPhone 16 demand
An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | ReutersApple shares slid 3.6% in Monday morning trading, after reports that demand for the new iPhone...
Dark web expert warned US hometown about big hack. The city is suing
Ransomware has long been plaguing American municipalities. It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. The city's response to the hack, however, was not, and it has cybersecurity and legal experts...
With Apple on board, OpenAI’s next act could be its toughest yet
OpenAI stormed onto the scene with ChatGPT and upended the tech world in less than two years. But over the next few months, the artificial intelligence darling will face some of its biggest tests yet.A highly anticipated partnership with Apple will supercharge its...
Bitcoin network hits record hash rate, profits falling for miners
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee.Jon Cherry | Getty ImagesIt was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past...
MicroStrategy pops 8% after upping bitcoin holdings to $14.6 billion
MicroStrategy founder Michael Saylor speaks at the Bitcoin 2021 Conference in Miami on June 4, 2021.CFOTO | Nurphoto | Getty ImagesMicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of...
Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X
Elon Musk, chief executive officer of Tesla Inc., at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty ImagesBrazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts...
Tesla Semi fire needed 50,000 gallons of water to extinguish
Tesla SemiCourtesy: TeslaA single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National...
Larry Ellison briefly passes Jeff Bezos as world’s second richest man
Larry Ellison, Chief technology officer of Oracle (L), and Jeff Bezos, founder, executive chairman of Amazon.ReutersOracle's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on...
Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation
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 ImagesTiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial...
Adobe shares fall 9% on weak fourth-quarter guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024.Brendan Mcdermid | ReutersShares of Adobe fell more than 9% on Friday, a day after the company released third-quarter...
Uber and Waymo partnership expanding to Austin and Atlanta
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.Patrick T. Fallon | AFP | Getty ImagesUber announced Friday it is expanding its partnership with Alphabet's Waymo to offer...
How oil-rich Arkansas became a hotbed of lithium mining
The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil, Albemarle, and Standard Lithium make significant investments in the state. This comes at a time when global demand for lithium, driven by electric vehicles and...
Intel gets boost from Raimondo, effort to spur U.S. chip production
Secretary of Commerce Gina Raimondo listens as President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act at the White House on July 25, 2022.Anna Moneymaker | Getty Images News | Getty...
Oracle shares gain on higher fiscal 2026 revenue forecast
Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023.Spencer Platt | Getty ImagesOracle shares rose about 6% in...
Adobe stock slips on soft fourth-quarter 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 reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the...
Congressman slams Meta over response about illicit drug ads on apps
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesA Republican congressman...
Britain had constructive talks with Elon Musk’s X over disinformation
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: "Civil war is inevitable." Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesLONDON —...
Alibaba’s Taobao launches AI-powered English version in Singapore
The logo of Alibaba's e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023.Reuters | Florence LoSingapore — Chinese e-commerce giant Alibaba's Taobao shopping app topped the Apple App Store...
Saudi Arabia expects to get advanced Nvidia chips within next year
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia's high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models.Speaking to CNBC on Thursday, a top official at the Saudi Data and AI...
CMA raises competition concerns over deal
Britain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison.The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for...
Samsung shares fall as Indian strike continues after talks fall through
Workers stage a protest to demand higher wages and recognition of their union, at Samsung India's plant in Sriperumbudur, near Chennai on September 11, 2024. R.satish Babu | Afp | Getty ImagesShares of Samsung Electronics fell as much as 3% on Friday, as workers at...
Amazon hikes pay for delivery drivers amid growing union pressure
In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Justin Sullivan | Getty ImagesAmazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from...
How one climate startup aims to use AI to protect the power grid
As fires intensify in the western United States, utility companies are on the front lines, working to protect the power lines that serve millions of customers. And as the frequency of fires and severe storms increases, so does the amount of technology that utility...
Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
In this photo illustration of the ripple cryptocurrency 'altcoin' sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty ImagesThe price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of...
Microsoft hires former GE CFO Carolina Dybeck Happe as COO
Carolina Dybeck Happe.Courtesy: GEMicrosoft told employees on Thursday that it has hired Carolina Dybeck Happe as its executive vice president and chief operating officer, reporting to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president...
OpenAI, Anthropic and Google leaders meet with White House to talk AI
OpenAI CEO Sam Altman during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesLeaders at OpenAI, Anthropic, Microsoft, Google and several American power and utility companies met...
Why credit card fraud alerts are rising
Rainstar | E+ | Getty ImagesIt's a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined.Sometimes, it's as simple as confirming the purchase via text...
JD Vance says he thinks Apple benefits from Chinese slave labor
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC's "Squawk Box," stating he thinks the company benefits from "slave labor" in China. His comment was part of a broader conversation about taxing companies that rely on...
Microsoft to cut 650 jobs at Xbox gaming unit
Phil Spencer, executive vice president at Microsoft, speaks at the company's Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft on Thursday said that it is cutting...
Apple turns AirPods into hearing aids, focusing on big health market
Soon, people with AirPods in their ears might not be drowning you out — they might be wearing them to hear you better.Apple announced on Monday that its AirPods Pro 2 headphones will become an FDA-cleared hearing aid in the coming weeks through a software update. That...
Ryan Salame back in New York court over FTX fraud case plea deal
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after sentencing in New York City, U.S., May 28, 2024. Brendan Mcdermid | ReutersFormer FTX executive Ryan Salame is back in court on Thursday, as Judge Lewis Kaplan looks for...
Oracle trails only Nvidia among large-cap tech in 2024, Ellison wins
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesLarry Ellison turned 80 last month. It's been a celebratory...
California attorney general cautions tech leaders on voter deception
California Attorney General Rob Bonta speaks at a press conference in February 2024.CNBCCalifornia Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion,"...
China tech companies AI models vs OpenAI, Google, Meta
China is looking to challenge the U.S. in artificial intelligence. China's tech giants have launched their own AI models. Niphon | Istock | Getty ImagesGlobal attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI,...
Dutch neobank Bunq on hiring spree, with focus on digital nomads
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads."Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch challenger bank Bunq told CNBC that it plans to grow its...
UK labels data centers critical infrastructure to boost cybersecurity
Data centers today are crucial computing infrastructure that power the modern-day internet.In Pictures Ltd | Andrew Aitchison | Corbis News | Getty ImagesLONDON — The U.K. on Thursday said it now classes data centers as critical infrastructure, in a move that is...
Bitcoin may soon hit six figures regardless of election, investors say
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November.That's a view many crypto investors are coming to accept, as the wave of optimism...
Caroline Ellison aims to duck prison sentence for role in FTX collapse
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023.Bloomberg | Bloomberg | Getty ImagesLawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam...
Safi Biotherapeutics is growing blood to help fight shortages
Safi employees at work.Courtesy of Safi BiotherapeuticsLast month, the American Red Cross declared an emergency blood shortage after its national supply fell by more than 25% in July. One startup's solution: Lab-grown blood.Shortages can be dire for patients since...
Amazon opening Fresh supermarkets after stall, but many still vacant
Workers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. David Ryder | Bloomberg | Getty ImagesOn a humid afternoon in August, a few hundred shoppers lined up outside an Amazon Fresh supermarket in a Philadelphia...
Sony PlayStation 5 Pro launch: Price, specs, release date
Sony is releasing its upgraded PlayStation 5 Pro console on Nov. 7, 2024.SonySony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700.The arrival of Sony's refreshed PS5 console comes amid a global...
Coinbase-backed lobby urges ABC to ask Trump, Harris about crypto
Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas.Logan Dobson/Stand With Crypto AllianceA big purple bus adorned with "AMERICA ❤️ CRYPTO" started making its way across five swing states last week, on a mission...
Amazon makes £8 billion UK investment to build cloud and AI infrastructure
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 |...
AI-powered search startup Glean doubles valuation in new funding round
Arvind Jain, CEO Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal.Harry Murphy | Sportsfile | Getty ImagesAI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the...
Britain does bad job at commercializing tech globally: Former Arm CEO
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022.Luke MacGregor | Bloomberg via Getty ImagesCAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift...
Palantir soars 14% on software vendor’s inclusion in S&P 500
Alex Karp, CEO of Palantir Technologies, walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 10, 2024.David Paul Morris | Bloomberg | Getty ImagesPalantir shares popped 14% on Monday and are trading at...
Bitcoin rebounds from its worst week in more than a year, tops $57,000
Bitcoin jumped Monday evening and topped $57,000 after Wall Street's rebound from its worst week of the year.The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly...
Oracle (ORCL) Q1 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 shares rose 9% in extended trading on Monday after the database software...
Google’s 2.4 billion euro fine upheld by Europe’s top court
The European Union flag is seen with Google's logo.Jaap Arriens | NurPhoto | Getty ImagesEurope's top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison...
In Huawei’s battle against Apple, chips are still a weakness: Analyst
Illustration of a user browsing booking information for Huawei's new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty ImagesAs Huawei tries to upstage Apple's new iPhone with the launch of its own 'trifold...
Apple loses EU court battle over 13 billion euro tax bill in Ireland
Omar Marques | Sopa Images | Lightrocket | Getty ImagesEurope's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a...
EV battery giant Northvolt to lay off staff in huge cost-cutting drive
A Northvolt building in Sweden, photographed in February 2022.Mikael Sjoberg | Bloomberg | Getty ImagesNorthvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into...
iPhone 16, new Apple Watch 10 expected
Tim Cook tweets ahead of the eventAs usual, Apple CEO posted a tweet on X ahead of the event. "Apple Park is glowing! #AppleEvent," it says with a picture of a rainbow structure on the company's campus. The tagline for the event is "It's Glowtime" which seems to...
Porsche-backed Cylib breaks ground on huge EV battery recycling plant
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany's North Rhine-Westphalia region.CylibA massive battery recycling plant is being built in Germany by Cylib, a startup looking to...
Skype founder’s VC firm Atomico raises $1.24 billion Europe tech fund
Niklas Zennstrom, CEO of Atomico and co-founder of Skype.Simon Dawson | Bloomberg | Getty ImagesLONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch of two new funds worth $1.24 billion to back...
Huawei’s tri-fold phone gets 2.7 million pre-orders before iPhone 16 launch
Huawei is planning to release a three-fold smartphone on Sept. 10, just hours after Apple's scheduled new iPhone launch.Cfoto | Future Publishing | Getty ImagesBEIJING — Huawei has received more than 2.7 million pre-orders for its tri-fold smartphone, its website...
The big risks of bitcoin ATMs
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash...
The Try Guys has quickly found success in launching subscription model
Zach Kornfeld and Keith Habersberger of the Try GuysJD RENESThe Try Guys, one of YouTube's most established creator groups, have successfully abandoned their reliance on Google's algorithms and advertiser revenue by launching a standalone streaming service called 2nd...
Dell and Palantir to join S&P 500; shares of both jump
Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum in Davos, Switzerland, Jan. 18, 2023.Arnd Wiegmann | ReutersDell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the...
Coinbase, Marathon Digital, Riot Platforms lead drop in crypto stocks
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly...
Roblox will let developers sell games for real money, not just Robux
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox, the popular kid's gaming platform that generates billions of dollars a year in the virtual world, is getting real.The company said on...
Honor announces AI assistant as it looks to get ahead of Apple in China
Huawei spin off Honor had one of the most prominent booths at Mobile World Congress in February 2023. It was right next to Samsung's stand in a sign that Honor is targeting the South Korean firm in the premium end of the smartphone market.Arjun Kharpal | CNBCHonor...
OpenAI gives artists access to Sora for New York gallery exhibit
OpenAI announced Friday a New York City art gallery collaboration that gives artists access to unreleased artificial intelligence tools.The exhibit, a series called "Strada Nuova: New Road" on view at Strada Gallery will run for three weeks and centers on a "diverse...
Google second antitrust trial advertising model
A pedestrian passes by the Google office in New York City on Jan. 25, 2023.Leonardo Munoz | View Press | Getty ImagesA month after losing a landmark antitrust case brought by the Department of Justice, Google is headed back to court to face off for a second time...
Broadcom (AVGO) earnings report Q3 2024
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.Broadcom shares fell 7% in extended trading after guidance was in-line with expectations.Here is how the...
AI craze getting funded by tech giants, distorting traditional VCs
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023.Noah Berger | Getty ImagesAlmost three years into...
Salesforce to acquire Own for $1.9 billion in cash
Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023.Marlena Sloss | Bloomberg | Getty ImagesSalesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup...
Telegram CEO Pavel Durov says France charges are ‘misguided’
Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016.Chris Ratcliffe | Bloomberg | Getty ImagesThe boss of messaging platform Telegram said late Thursday that charges against him by France are...
Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing
This picture taken on May 1, 2024 shows professors and students looking at a Minimal Fab, a small-scale semiconductor factory that does not require a clean room, at Tokyo University in Tokyo. (Photo by Yuichi YAMAZAKI / AFP) (Photo by YUICHI YAMAZAKI/AFP via Getty...
British competition regulator objects to Google’s ad tech practices
The entrance to Google's U.K. offices in London.Olly Curtis | Future Publishing | via Getty ImagesLONDON — Britain's competition watchdog on Friday issued a statement of objections over Google's ad tech practices, which the regulator provisionally found are impacting...
U.S. rolls out new chip-related export controls as China makes industry advances
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesThe Biden administration is rolling out new export controls on critical technologies, including quantum computing and semiconductor goods, as China makes advances in...
Netherlands expands export curbs on advanced chip tools
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesThe Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of...
Lion King director Rob Minkoff interview on AI in film
Lion King directors Roger Allers (L) and Rob Minkoff.Kevin Winter | Getty ImagesArtificial intelligence is a "Wild West" with "very few rules" — but it has the potential to democratize the film industry in the long term, according to the director of "The Lion...
Thoma Bravo founder will ‘never touch’ crypto again after FTX disaster
A little over three years ago, private equity investor Orlando Bravo called FTX the "most cutting-edge, sophisticated cryptocurrency exchange in the world," as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion.Bravo now...
Your Google searches becoming big target for ‘malvertising’ hackers
Hackers are increasingly using online ads for malicious purposes. Often, it's happening through routine Google searches.These schemes are dubbed malvertising, and cyber criminals are striking more often and with increased sophistication. In fall 2023, cybersecurity...
Abbott launches its first over-the-counter continuous glucose monitor in the U.S.
A man wearing Abbott's Lingo biosensor.Courtesy of AbbottAbbott Laboratories announced Thursday its over-the-counter continuous glucose monitor Lingo is available in the U.S. starting at $49. Lingo is part of an emerging class of consumer-friendly biosensors that...
Honor Magic V3 launch: Specs, price, release date
Honor launched the Magic V3 foldable smartphone in international markets as it steps up its challenge to Samsung.HonorHonor launched the Magic V3, its latest foldable smartphone, in international markets on Thursday as the Chinese tech company ramps up its challenge...
Mesa Quantum raised $3.7 million to build a GPS alternative
Flight delays in Sao Paolo, Brazil. Truckers led down unsafe routes in Richmond, Vermont. And power grid disruptions throughout Ukraine. These troubles stem from a global communication system highly reliant on GPS satellites and the signals they transmit for essential...
Tesla to launch Full Self Driving in Europe and China in Q1 2025
A Tesla Model S car equipped with Autopilot.David Paul Morris | Bloomberg | Getty ImagesTesla said it will launch its "Full Self Driving" driver assistance product in Europe and China early next year.In a post on the X social media platform, Elon Musk's electric...
AI gadgets have been a bust so far. Apple aims to change that
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesIn late 2022, OpenAI's launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence.Within months, some of the biggest tech companies in the world, including Microsoft, Meta...
Nvidia says it didn’t receive antitrust subpoena from DOJ
Nvidia's headquarters in Silicon Valley.Andrej Sokolow | Picture Alliance | Getty ImagesNvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns."We have inquired with the U.S. Department of Justice and have not...
U.S. regulator calls for probe of Temu, Shein over unsafe products
Global online shopping platform Temu.Bloomberg | Bloomberg | Getty ImagesTwo U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of "foreign-owned" e-commerce platforms such as Shein and Temu, specifically the alleged sale...
Visa to launch pay-by-bank payments, an alternative to credit cards
Nurphoto | Nurphoto | Getty ImagesVisa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.Visa, which alongside Mastercard is one of the world's largest card networks, said Thursday it plans...
Amazon is ‘joint employer’ of some delivery drivers, NLRB says
A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. The police became involved due to the hold up of Amazon vehicles. Zoe Cranfill | Los Angeles Times | Getty ImagesAmazon should be considered a "joint employer" of...
Qualcomm working on mixed-reality smart glasses with Google, Samsung
Ray-Ban Meta smart glasses are powered by a Qualcomm chip. Qualcomm, Samsung and Google are working on smart glasses, according to Qualcomm CEO Cristiano Amon. Nurphoto | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC the chip designer is working with...
Bitcoin ETFs saw heaviest outflows in four months as crypto plunged
CFOTO | Future Publishing | Getty ImagesSpot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff.More than $287 million was withdrawn from the 11 U.S.-listed ETFs,...
OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI firm
Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever, who left the artificial...
Amazon-backed Anthropic rolls out Claude Enterprise for big business
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot's debut and a step up for businesses looking to integrate Anthropic's artificial intelligence.The Amazon-backed AI startup, founded by former OpenAI research executives, is...
Microsoft avoids UK probe into hiring of Inflection AI employees
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesLONDON — Microsoft's hiring of employees from Inflection AI, the...
Bitcoin overnight sell-off takes it below $56,000 before stabilizing
Vertigo3d | iStock | Getty ImagesBitcoin slid back toward $55,000 overnight as it caught up with Tuesday's broader market sell-off.On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday...
Qualcomm launches latest AI PC chip in challenge to Intel and AMD
A view of the logo of Qualcomm at the Mobile World Congress 2024.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesQualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers' desire to put artificial intelligence on their...
Alibaba to allow payment through Tencent’s WeChat Pay on e-commerce apps
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty ImagesChinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent's WeChat app for the first...
Elon Musk’s Starlink says it will block X in Brazil
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStarlink, the satellite internet service owned and operated by SpaceX, said it will block social network X in Brazil to continue operations there without the threat of losing its license. Elon Musk owns both...
Social media platform Bluesky attracts millions in Brazil after judge bans Musk’s X
The Bluesky logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesBrazil's recent ban of Elon Musk's social media platform X has boosted the profile of its smaller rival, Bluesky, as people search for alternatives to voice their...
Nvidia slides in pre-market trading after drop wiped out almost $300 billion
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia shares fell 2% in premarket trading on Wednesday after Bloomberg reported that the company received a subpoena from the Department of Justice as part...
Robinhood launches stock lending product in the UK
In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesOnline brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow...
Nvidia tumbles, leading chip stocks lower
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 ImagesSemiconductor stocks, led by Nvidia, fell Tuesday during...
Zilch posts first profit and appoints ex-Aviva CEO to board
Zilch CEO Phil Belamant.ZilchBritish financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.In a trading update, Zilch, which competes with the...
Elon Musk’s Starlink in crosshairs as spat escalates
Jaap Arriens | Nurphoto | Getty ImagesBrazil's telecommunications regulator threatened sanctions against Elon Musk's satellite internet firm Starlink, as a public confrontation with the billionaire escalates over the country's decision to block his social media...
X blocked in Brazil after supreme court panel upholds suspension order
Jaap Arriens | Nurphoto | Getty ImagesA panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide.One justice, Luiz Fux, voted to uphold but expressed "reservations" about a...
Huawei plans Sept. 10 launch event just hours after Apple iPhone launch
The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024. Cfoto | Future Publishing | Getty ImagesHuawei said Monday it plans to hold a product launch event this month just hours after...
Inside Epic Systems’ mythical campus, a world away from Wall Street
A sign that reads "Epic Intergalactic Headquarters" on campus.Epic SystemsDorothy Gale was right — the Land of Oz is not in Kansas. Rather, it's nestled within the rolling green fields of Verona, Wisconsin, a town of nearly 16,400 people located about 10 miles...
Apple and Google wallets want to make hotel room key card obsolete
Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years. During the pandemic, touch was taboo, so touchless trends accelerated. And...
Brazil’s top court orders nationwide suspension of Elon Musk’s X
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesBrazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal...
Amazon checkout process hits technical snag during Labor Day sale
A worker prepares packages at an Amazon same-day delivery fulfillment center on Prime Day in the Bronx borough of New York, US, on Tuesday, July 16, 2024. Amazon.com Inc.'s Prime Day sales rose about 13% in the first six hours of the event compared with the same...
How Google, Microsoft and Amazon are raiding AI startups for talent
Microsoft, Google and Amazon along with other tech companies have been getting creative in how they're poaching talent from top artificial intelligence startups.Earlier this month, Google signed an unusual deal with Character.ai to hire away its prominent founder and...
Alibaba shares jump as it completes three-year regulatory overhaul
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic...
Cord cutters getting political ad blitz as campaigns flood Roku, Hulu
Vice President Kamala Harris, left, and former President Donald TrumpReutersConsumers who cut their cable cord in recent years are finding that there's one thing about linear TV they can't escape: political ads.With the U.S. presidential election less than 70 days...
Dell earnings report Q2 2025
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more...
MongoDB (MDB) Q2 earnings report 2025
Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance.Here's how the company did against...
Judge rules against Media Matters’ request to dismiss lawsuit by X
The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty ImagesA federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's...
Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel executives are working with multiple advisors to formulate options to address its flagging business, according to a...
China’s drivers fret about robotaxi push. Experts say there will be new jobs
TOPSHOT - The photo taken on August 1, 2024 shows a general view of the driver's seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu's Apollo Go self-driving project, in Wuhan, in central China's Hubei province. Turning...
OpenAI and Anthropic agree to let U.S. AI Safety Institute test models
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI and Anthropic, the two most richly valued artificial intelligence startups, have agreed to let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the...
Affirm shares surge 33% and head for best day in three years
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the...
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
Wayve CEO and co-founder Alex Kendall.WayveLONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology.As part of the deal, Uber is also investing an...
Shohei Ohtani signs trading card deal with Fanatics-backed Topps
Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.Allen J. Schaben | Los Angeles...
Telegram CEO charged with allowing criminal activity by French prosecutors
Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert GeaAlbert Gea | ReutersFrench prosecutors on Wednesday charged Telegram CEO Pavel Durov with enabling criminal...
Affirm (AFRM) earnings report Q4 2024
Jaque Silva | Lightrocket | Getty ImagesAffirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.Here's how the company did, compared to...
Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai
BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)Jeremy Moeller | Getty Images Entertainment | Getty ImagesEuropean food delivery firm Delivery Hero says it plans to...
Nvidia announces $50 billion stock buyback
CFOTO | Future Publishing | Getty ImagesNvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and...
OpenAI in talks to raise funding that would value it at more than $100 billion
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 is in talks to raise a funding round that would value the artificial intelligence startup at more...
Nvidia’s earnings report shows problem of being priced for perfection
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.Justin Sullivan | Getty ImagesNvidia reported its fourth-straight quarter of triple-digit revenue growth...
Nvidia (NVDA) shares fall after earnings beat estimates
NVIDIA's founder and CEO Jensen Huang delivers a keynote address on the latest innovations in AI, during a developers conference at the SAP Center in San Jose, California, on March 18, 2024. Josh Edelson | AFP | Getty ImagesNvidia shares fell 4.63% in U.S. premarket...
CrowdStrike (CRWD) Q2 earnings report 2025
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 slipped 4% in extended trading on Wednesday after the cybersecurity...
Salesforce (CRM) Q2 earnings report 2025
Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also said Amy Weaver, its chief financial officer, will...
Global tech stocks fall amid broad declines in the region after Nvidia results
Samsung Electronics' fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.SeongJoon Cho | Bloomberg | Getty ImagesGlobal chip stocks fell on Thursday,...
Google Gemini will again support AI image generation of people
The Deepmind logo is being displayed on a smartphone with the Google Gemini logo in the background in this photo illustration in Brussels, Belgium, on February 8, 2024.Jonathan Raa | Nurphoto | Getty ImagesGoogle said it will soon allow users to create images of...
Nvidia (NVDA) earnings report Q2 2025
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia reports second fiscal-quarter earnings Wednesday after the bell.Here is what Wall Street expects from the chipmaker in the quarter ending in July,...
SEC issues Wells notice to NFT marketplace OpenSea
In this photo illustration an OpenSea logo is displayed on a smartphone with stock market percentages in the background.Omar Marques | Lightrocket | Getty ImagesCrypto marketplace OpenSea has been added to the SEC's list of targets, as the regulator extends its...
Super Micro shares fall 23% on filing delay, Hindenburg Research report
Charles Liang, chief executive officer of Super Micro Computer Inc., during the AMD Advancing AI event in San Jose, California, Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesShares of Super Micro Computer tumbled more than 23% on Wednesday, after the...
Barbie phone launch: price, specs, availability
The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise.HMDHMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts, and a classic "flip" design — but no internet or...
Musk, xAI accused of worsening Memphis smog with unauthorized turbines
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding...
Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000
Cryptocurrencies extended declines from Tuesday as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange.The price of bitcoin was last lower by 5.9% at $59,421.95 on Wednesday, according to Coin Metrics. Ether tumbled more than 4.5% to...
This water treatment startup is already a unicorn
While it might seem like humans and animals consume most of the world's water, heavy industry uses up to half of it. That's why business sectors are looking for new ways to recycle water, especially in the face of increased drought.Some of the world's most essential...
Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer...
Hindenburg Research discloses short position in server maker Super Micro
The logos of Super Micro Computer are pictured at one of the world's largest computer and technology trade shows.Ann Wang | ReutersShort seller Hindenburg Research said on Tuesday it had a short position in server maker Super Micro Computer, citing evidence of...
Sony raises price of PlayStation 5 in Japan by 19%
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market.The Japanese gaming giant said...
Nvidia is world’s ‘most important stock,’ adds pressure to Q2 earnings
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia investors, the past two years have been a joyride. But recently they've been on more of a roller coaster.As the primary beneficiary of the...
Russia warns France over Telegram founder Pavel Durov’s detainment
Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the CEO and founder of messaging app Telegram, suggesting the move may be politically motivated.On Saturday,...
Zuckerberg alleges White House ‘pressured’ Meta to ‘censor’ Covid-19 content
Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled "Big Tech and the Online Child Sexual Exploitation Crisis," in Dirksen building on Wednesday, January 31, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden...
Apple to replace CFO Luca Maestri on Jan. 1
Luca Maestri speaks to newly graduated students during the visit of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy.Marco Cantile | Lightrocket | Getty ImagesApple announced Monday that it will replace Chief Financial Officer Luca Maestri on...
Amazon aggregators Branded, Heyday plan to merge as industry shrinks
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that...
Canada to slap 100% import tariffs on Chinese electric vehicles
Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023.Blair Gable | ReutersCanada said on Monday it would impose 100% import tariffs on China-made electric...
This Nvidia partner can help AI data centers halve energy consumption
The HyperCube utilizes advanced immersion cooling technology.Sustainable Metal CloudThe artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool.That's an opportunity for data center company...
Apple announces iPhone event for Sept. 9
Tim Cook, CEO of Apple, at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 9, 2024.David A. Grogan | CNBCApple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is...
Dexcom launches Stelo, its first over-the-counter continuous glucose monitor
Zoom In IconArrows pointing outwardsUser wearing Stelo CGM from Dexcom.Courtesy of DexcomDexcom on Monday announced its new over-the-counter continuous glucose monitor Stelo is officially available for purchase in the U.S.Glucose is a type of sugar people receive from...
Trump ‘orange-pilled’ by three bitcoiners in Puerto Rico, $100 million
Former President Donald Trump's photograph is seen on a digital display outside of the venue ahead of his afternoon keynote speech on the final day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images...
Tesla’s Optimus faces humanoid competition at Beijing robot conference
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynBEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid...
Meta says WhatsApp accounts tied to Iran hackers targeted Biden, Trump
Meta said Friday that it blocked a "small cluster" of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump.The company said in a blog post that the bogus WhatsApp...
Workday stock gains as software provider widens 2027 margin target
Carl Eschenbach, Co-CEO Workday, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBCWorkday shares soared as much as 14% on Friday, one day after the finance and human resources software...
Wyoming is pushing crypto payments, trying to beat the Fed to a digital dollar
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAs crypto investing becomes more mainstream and institutionalized with bitcoin...
Microsoft plans September cybersecurity event after CrowdStrike outage
A Delta technician works on a set of screens displaying a blue page and reading "Recovery" in Terminal 2, Delta Airlines, at Los Angeles airport, on July 19, 2024. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major...
Identity theft of America’s youngest generation is on the rise
Most parents would take herculean steps to protect their children. But many overlook a relatively simple way to help shore up a child's financial security: freezing the minor's credit. This could be especially important in the wake of a major breach in which the...
How Google makes custom cloud chips that power Apple AI and Gemini
Inside a sprawling lab at Google headquarters in Mountain View, California, hundreds of server racks hum across several aisles, performing tasks far less ubiquitous than running the world's dominant search engine or executing workloads for Google Cloud's millions of...
How Chinese EV automakers are winning in Mexico
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a "backdoor" to the U.S. market. Last...
Zoom stock has best day since 2022 on Q2 2025 results, raised guidance
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019.Matt Winkelmeyer | Getty Images for DropboxZoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected...
Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters.Figures Baidu reported...
Michelle Bond, romantic partner of Former FTX exec Salame, indicted
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after he pleaded guilty to two charges including conspiring to make unlawful U.S. political contributions, in New York City, Sept. 7, 2023.Brendan McDermid | ReutersConvicted...
Perplexity AI plans to start running search ads in fourth quarter
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the artificial intelligence startup that's been embroiled in controversy due to accusations of plagiarizing content from media outlets, plans to start running ads...
Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett...
Snowflake stock down on decelerating product revenue growth
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesShares of Snowflake fell 13% on Thursday after the data cloud...
World’s first airport to require biometric boarding to arrive in 2025
A woman tests Vueling's new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain. David Zorrakino | Europa Press | Getty ImagesAs end-of-summer travel lines back up at TSA airport checkpoints in the...
Trump promotes family’s new crypto platform, “The Defiant Ones’
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 | ReutersFormer president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto...
China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen.Getty ImagesSelf-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete...
British tech entrepreneur Mike Lynch found in Sicily yacht wreckage
Mike Lynch, former chief executive officer at Hewlett-Packard Co.'s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from...
Microsoft changes reporting to boost cloud consumption visibility
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | ReutersMicrosoft on Wednesday updated quarterly revenue guidance for its three business segments...
Microsoft Recall AI search for Windows Insiders releases in October
Microsoft Chair and CEO Satya Nadella speaks on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft said Wednesday it will release its controversial Recall artificial intelligence search feature for Windows users to...
New AI tools are coming to MyChart, Cosmos
Epic's Deep Space auditorium during UGM 2024.Courtesy: Epic SystemsIn an underground auditorium packed with thousands of health-care executives this week, Epic Systems CEO Judy Faulkner stepped on stage to deliver a keynote dressed like a swan, feathers and all.Even...
Blockchain startup Story raises funds from a16z to stop IP theft by AI
Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place.Cfoto | Future Publishing | Getty ImagesSan-Francisco-based...
China calls EU tariffs on EVs unfair, says it will defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China's Shandong province. Tang Ke | Future Publishing | Getty ImagesThe Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after...
Amazon-backed Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday was hit with a class-action lawsuit in California federal court over alleged copyright infringement. Three authors said in the filing that Anthropic "built a multibillion-dollar business by...
OpenAI announces content deal with Condé Nast
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesOpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company's...
Waymo has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo is now providing more than 100,000 paid robotaxi rides per week in the US, according to a LinkedIn announcement by its co-CEO...
Who is Mike Lynch, UK tech entrepreneur missing in superyacht sinking?
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett...
European Union slashes planned tariffs on China-made Tesla EVs
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries.Sebastian Gollnow | Picture Alliance | Getty ImagesThe European Union on Tuesday said planned tariffs on Tesla vehicles...
Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion
Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick...
Waymo generation 6 robotaxi Geely Zeekr
Waymo announced their sixth generation self-driving car.Alphabet-owned Waymo revealed details about its newest "generation 6" self-driving technology on Monday. Its new driverless tech, integrated into Geely Zeekr electric vehicles, should be able to handle a wider...
Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.'s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off...
How Americans are losing their life savings to crypto fraud
More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off."Pig butchering" scams earned the name from the idea that scammers use flattery and fake bonding to "fatten up" their victims. The strategy has...
New privacy battle is underway as tech gadgets capture our brain waves
Nomadsoul1 | Istock | Getty ImagesThe question "What is a thought?" is no longer strictly a philosophical one. Like anything else measurable, our thoughts are subject to increasingly technical answers, with data captured by tracking brainwaves. That breakthrough also...
Epic Systems customers will all use TEFCA to exchange health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the health-care software giant whose technology is used in thousands of hospitals and clinics across the country, said on Friday that it's planning on moving...
Amazon’s drone expansion plans spur pushback from Texas residents
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesOn a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in...
British fintech Revolut valued at $45 billion in secondary share sale
Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Friday said that it was valued at $45 billion in a secondary share sale with existing and new...
‘You know what to do in the stock market’
Eric Schmidt, who led Google for a decade, told Stanford students that, while he's not one to give investment advice, he sees an obvious play in the stock market that doesn't involve buying shares of his former employer.Schmidt said, in a video that was posted by...
Lawmakers letter to Meta CEO Mark Zuckerberg about illicit drug ads
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesA bipartisan group of lawmakers...
Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and...
Cisco stock has best day since 2020 on earnings beat, 7% job cuts
Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares jumped about 8% on Thursday and headed for their best day since March 2020,...
Klarna launches bank-like personal account, cashback 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 ImagesFinancial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a...
Amazon to test Prime Air drone delivery service in the UK
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesAmazon and six other organizations have been selected to take part in a trial looking at expanding the...
Alibaba shares dip 3% in premarket after earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesAlibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core...
Cisco (CSCO) earnings report Q4 2024
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares popped in extended trading on Wednesday after the networking company said it's cutting 7% of its global...
Fintech firm Airwallex hits $500M ARR, plans to be IPO-ready by 2026
Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates.Jose Sarmento | Bloomberg | Getty ImagesTencent-backed payments startup Airwallex has reached an annual revenue run rate...
UK considers tougher Online Safety Act after UK riots, Musk comments
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: "Civil war is inevitable." Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesLONDON...
Google live Gemini demo lifts pressure on Apple as AI hits smartphones
During Google's Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company's new AI assistant, Gemini. Things got awkward right after the presenter told the audience, "all the demos today are...
Reddit’s increased reliance on Google traffic has Wall Street anxious
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesFor nearly a decade, Tom Wahlin's popular travel gear site Pack Hacker ranked high...
Instagram not dealing with hate speech against women politicians: CCDH
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate.The non-profit advocacy is analyzing...
China’s Huawei set to release AI new chip to challenge Nvidia, WSJ says
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair.Sean Gallup | Getty Images News | Getty ImagesChinese technology giant Huawei is set to challenge Nvidia...
Tencent earnings Q2 2024
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Nurphoto | Nurphoto | Getty ImagesTencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent...
Video game industry faces sluggish 2024 sales growth, Newzoo says
Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025.Guillaume Payen | Sopa Images | Lightrocket | Getty ImagesThe global video game market is set for sluggish annual growth this year amid weak sales of gaming...
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty ImagesIntel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the...
Judge in X lawsuit against advertisers recuses, he owned Tesla stock
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesThe judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he previously owned shares of Tesla.In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor...
Google Pixel 9 phones, first AI-powered Android update announced
Google announced its first smartphone fully powered by its AI "Gemini" system.Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google...
This startup will sell methane-eating microbes to Whole Foods
Much energy and effort is spent on reducing carbon emissions in the fight against global warming, but methane, while less abundant, is more destructive to the planet. It is far more efficient than carbon at trapping heat. Getting rid of it is essential to reaching...
HelloFresh shares pop 11% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth.HelloFresh shares climbed as much as 20% during morning trade, but had...
Japan’s quest to revive its semiconductor industry
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge.Countries like Taiwan with TSMC, the world's largest and most advanced semiconductor manufacturer, began to...
SpaceX repeatedly polluted waters in Texas, TCEQ, EPA found
SpaceX's Starship launches its fourth flight test from the company's Boca Chica launchpad, designed to eventually send astronauts to the moon and beyond, near Brownsville, Texas, U.S. , in this handout picture obtained on June 6, 2024. Spacex | Via ReutersElon Musk's...
EU warns Elon Musk ahead of Trump interview to keep hate speech off X
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesThe European Commission on Monday warned X...
Microsoft’s $13 billion artificial intelligence bet
OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk.Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk...
Former YouTube CEO and Silicon Valley trailblazer Susan Wojcicki has died at age 56
Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night.Wojicki led YouTube for nearly ten...
Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors.The sell-off in bitcoin and...
Maduro orders 10-day ban on X in Venezuela after feud with Elon Musk
Venezuela's President Nicolas Maduro addresses the media during an event to sign an agreement to recognize the electoral results of the presidential elections of July 28, at the National Electoral Council, in Caracas, Venezuela, June 20, 2024. Miraflores Palace | Via...
Elizabeth Warren letter to Tesla chairwoman Robyn Denholm about Musk
Elon Musk and Robyn DenholmTim Rue | Bloomberg | Getty Images; TelstraSen. Elizabeth Warren, D-Mass., is asking the Tesla board if it's looked into CEO Elon Musk's use of company resources to benefit his other ventures, including SpaceX and xAI."Tesla's Board of...
Ola Electric shares rise 20% in India IPO, valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty ImagesShares of Ola Electric surged 20% on their...
Defense tech start-up Anduril Industries raises $1.5 billion
An 1:2 scale model of the Anduril Fury, a multi-mission group 5 autonomous air vehicle (AAV), at Anduril's headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense start-up Anduril Industries announced...
Ad group suspends GARM after of X, Elon Musk’s antitrust lawsuit
Elon Musk attends the "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 in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesA global...
Chinese EV makers debut in Singapore as city-state dangles incentives
GUANGZHOU,CHINA - NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty...
Cryptocurrencies resume their rebound, bitcoin retakes $59,000
Omer Taha Cetin | Anadolu | Getty ImagesCryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000.The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising...
Palantir jumps on Microsoft partnership to sell AI to U.S. defense
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty ImagesPalantir shares...
Trump, Musk alliance could threaten Harris in 2024 election
NASHVILLE, Tenn. — Former President Donald Trump's highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late.As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in...
Amazon’s investment in AI firm Anthropic faces UK merger investigation
Anadolu | Anadolu | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator.The Competition and Markets Authority said Thursday that...
ROO posts first profit, stock jumps
A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022.Eric Gaillard | ReutersBritish food delivery firm Deliveroo reported a small profit in the first half of the year, inching into the black for the first time ever after...
Online disinformation fueled UK riots but regulators can’t take action
Kirill Kudryavtsev | AFP | Getty ImagesLONDON — Ofcom, the U.K.'s media regulator, was chosen last year by the government as the regulator in charge of policing harmful and illegal content on the internet under strict new online safety regulations.But even as online...
Apple could charge $20 for some Apple Intelligence features: analysts
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesApple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business.The Cupertino giant plans to...
Shopify (SHOP) earnings Q2 2024
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto.Lance Mcmillan | Toronto Star | Getty ImagesShares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the...
Google’s antitrust ruling bears resemblance to Microsoft monopoly case
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC.Alex Wong | Getty ImagesIn ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta...
Elon Musk ‘accountable to no one,’ UK tech minister says
Harun Ozalp | Anadolu Agency | Getty ImagesElon Musk is "the one person who is accountable to no one" and his impact on public discourse should not be underestimated, the U.K.'s technology minister said in an interview with the Times newspaper, adding to recent...
Elon Musk’s Trump support pushes a corporate customer away from Tesla
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersEuropean drugstore giant Rossmann announced Tuesday it will no longer buy Tesla's electric...
Sony rules out renewing Paramount offer, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesSony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group...
Airbnb shares fall 14% on earnings miss, fear of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York.Eugene Gologursky | Getty Images Entertainment | Getty ImagesAirbnb shares dropped 14% in after-hours trading after the company reported...
Super Micro announces 10-for-1 stock split, shares plunge 13% on earnings miss
Sopa Images | Lightrocket | Getty ImagesShares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations. The company also announced a 10-for-1 stock split, set to begin...
Reddit RDDT Q2 2024 earnings report
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 ImagesReddit reported second-quarter results on Tuesday that topped analysts' estimates.Here's how the company did...
Profit jumps 10% on gaming growth
Beyoncé performs onstage during the Renaissance World Tour.Kevin Mazur | Wireimage | Getty ImagesSony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations after seeing strong growth in its gaming, music and...
SoftBank earnings report Q1 FY 2024
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty ImagesSoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment...
Microsoft fires back at Delta after outage, says airline declined help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesMicrosoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant...
Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
Jakub Porzycki | Nurphoto | Getty ImagesElon Musk's social media platform X has sued a group of advertisers, alleging that a "massive advertiser boycott" deprived the company of billions of dollars in revenue and violated antitrust laws.The company formerly known as...
UK slams Elon Musk after billionaire comments on riots
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 ImagesLONDON — The...
New funding values email security firm Abnormal at more than $5 billion
Abnormal Security co-founders Sanjay Jeyakumar and Evan ReiserAbnormal SecurityCybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion.Abnormal's latest funding round is being led...
Bitcoin miner Core Scientific expands CoreWeave deal to $6.7 billion
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence.On Tuesday, the...
Crypto sell-off first big market test for new spot bitcoin, ether ETFs
Omar Marques | Lightrocket | Getty ImagesBitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds.As of early Monday, roughly $370 billion...
China launches its rival to Elon Musk’s Starlink internet satellites
The Chang'e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. Eduardo Baptista | ReutersChina on Tuesday launched its first batch of internet satellites...
Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off
Cryptocurrencies on Tuesday recovered some of the previous day's losses after bitcoin briefly fell under $50,000 for the first time in six months.The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose...
Uber Q2 2024 earnings
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about...
OpenAI co-founder John Schulman says he will join rival Anthropic
The ChatGPT chat screen on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, March 9, 2023. ChatGPT has made writing computer code and cheating on homework easier. Soon, it could make email scams a cinch. That's the warning from Darktrace...
Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesA federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas:...
Trump’s tech backers are wrong
Michael Moritz, Sequoia CapitalScott Mlyn | CNBCAs leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear.In a Financial Times opinion piece published on...
Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024.Michael M. Santiago | Getty ImagesAs U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that...
Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
SoftBank shares tank near 19% wiping off $4.6 billion from Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder...
Bitcoin briefly drops below $50,000 for the first time since February
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.Luke MacGregor | Bloomberg | Getty ImagesCryptocurrencies tumbled amid a global market sell-off spurred by recession...
Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge
Nurphoto | Nurphoto | Getty ImagesThe cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets.Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by...
Tech stocks see steep three-week slump, led by Amazon, Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023.Stephanie Keith | Bloomberg | Getty ImagesWith quarterly earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.The Nasdaq Composite slumped...
Ex-Google engineers from Character.AI re-join company with AI partnership
Pavlo Gonchar | Lightrocket | Getty ImagesFounders of one of the hottest AI startups Character.AI are re-joining Google along with other team members.Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI's research team, are joining...
Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete.Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial...
UK cancels £1.3 billion of tech and AI infrastructure projects
LONDON, UK - JUNE 12: The 9th edition of the Artificial Intelligence Summit kicks off with the participation of international technology companies, in London, United Kingdom on June 12, 2024. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)Anadolu | Anadolu |...
Amazon stock down 12% after third-quarter outlook disappoints
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon shares plunged as much as 12% on Friday, a day after the company reported mixed...
Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesSnap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the...
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty ImagesAmazon's online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts' estimates.Amazon disclosed the latest quarterly financial results of its...
Block (SQ) earnings Q2 2024
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents expectedRevenue: $6.16...
Microsoft touts cloud momentum from Y Combinator startups
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023.EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It...
DoorDash shares pop 13% on second-quarter revenue beat
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background.Smith Collection | Gado | Getty ImagesShares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results...
Nvidia shares fall after report that it faces a US DOJ antitrust probe
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesThe U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in artificial intelligence chips, The...
Turkey blocks Instagram amid complaints of censorship of Hamas posts
Didem Mente | Anadolu | Getty ImagesTurkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning."Instagram.com has been blocked by a decision on the date of 02/08/2024,"...
Amazon says distraction of Olympics, Trump shooting hit weak guidance
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one of the drivers behind its...
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.Apple Intelligence,...
Why all chip firms are not benefiting from the AI boom like Nvidia
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are benefiting from the boom in...
Intel (INTC) Q2 earnings report 2024
Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned.The company also said that it...
Intel share plunge drags down global chip stocks from TSMC to Samsung
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share...
AWS Q2 earnings report
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts' estimates.The company reported revenue for Amazon Web Services of...
Nintendo profit plunges 55% as sales of its ageing Switch console fall
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 Friday reported revenue and profit that plunged in the company's fiscal first...
Crypto slides to begin August trading, nearly erasing its July gain
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England.Jordan Mansfield | Getty ImagesStock Chart IconStock chart iconBitcoin tumbles with stocks on ThursdayDisappointing data out Thursday fueled investor worries that the U.S....
Apple (AAPL) earnings report Q3 2024
Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is...
Amazon (AMZN) Q2 earnings report 2024
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon is set to report second-quarter earnings after the bell on Thursday.Here's what analysts polled by LSEG are expecting:Earnings per share: $1.03Revenue:...
Meta shares pop on Q2 earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty ImagesMeta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street's expectations and offered a rosy revenue forecast.Revenue in the period increased 22% to $39.07 billion from $32...
Here’s what he told them.
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024.Jon Cherry | Getty Images News | Getty ImagesNASHVILLE — On...
Epic Systems will support the government’s TEFCA program for health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCIt's about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals...
Here’s what it means for U.S. tech firms
The European Union's landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants.The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final...
Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty ImagesMeta's ambitious plans to develop...
Arm Q1 earnings report 2025
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker...
23andMe CEO Anne Wojcicki files proposal to take company private
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.Justin Sullivan | Getty ImagesAnne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover...
Qualcomm (QCOM) earnings report Q3 2024
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for...
Meta advertising growth proof that hefty AI spending is paying off
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesFor investors who are skeptical...
Microsoft says OpenAI is now a competitor in AI and search
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty Images News | Getty ImagesMicrosoft's relationship with OpenAI has officially become more complicated.On Tuesday,...
Meta Q2 earnings report 2024
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after the close of regular...
Nvidia stock up after Microsoft, AMD quell fears AI buildout too fast
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNvidia shares popped more than 11% Wednesday after...
More than 100 techies sign VCs for Kamala pledge, backing VP Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty ImagesAfter Donald Trump, the Republican nominee for president,...
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479).Arjun Kharpal | CNBCBEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and...
Microsoft will pay one-time cash awards of up to 25% of annual bonus
Satya Nadella, CEO of Microsoft.Bernd Von Jutrczenka | picture alliance | Getty ImagesMicrosoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.Salaried and hourly workers at the senior...
AMD, Nvidia jump as chip stocks rally from earnings, geopolitics boost
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.AMD was among the morning's big winners with shares up more than 9% in U.S....
Pinterest (PINS) Q2 2024 earnings
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | ReutersPinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided...
AMD earnings report Q2 2024
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images)Travis P....
US reportedly will exempt allies from China chip controls; ASML shares rise
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.Reuters reported on Thursday that the U.S. is considering expanding the so-called...
Samsung bets on the Galaxy Ring and AI as its next big thing
Samsung in July released the Galaxy Ring, the South Korean tech giant's first foray into smart rings.The $399.99 device has sensors that can track various health metrics like sleep quality, linking up with Samsung's smartphones and smartwatch.Along with its S24 series...
Strong AI demand lifts profits
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSamsung Electronics on Wednesday reported higher-than-expected...
Microsoft (MSFT) Q4 earnings report 2024
Microsoft CEO Satya Nadella speaks during the company's Build developer conference in Seattle on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday.Here's what analysts...
CrowdStrike shares plunge 11% on report that Delta may seek damages
Sopa Images | Lightrocket | Getty ImagesCrowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor.Crowdstrike fell $28.98...
Perplexity AI to share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the...
Amazon responsible for faulty goods sold on its marketplace: CPSC
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022.Stephanie Keith | Bloomberg | Getty ImagesFederal regulators have determined that Amazon can be held responsible for defective goods sold...
Russia considers legalizing crypto as a form of payment amid sanctions
Illustrative image of two commemorative bitcoins seen in front of the national flag of Russia displayed on a computer screen.Artur Widak | Nurphoto | Getty ImagesRussia is considering legalizing the use of cryptocurrency for international payments as the country faces...
Neuralink rival Synchron offers thought control with Apple Vision Pro
Mark uses the Vision Pro with his BCICourtesy of SynchronNeurotech startup Synchron on Tuesday announced it has connected its brain implant to Apple's Vision Pro headset. It's now possible for patients with limited physical mobility to control the device using only...
Alphabet partnership with AI firm Anthropic probed by UK regulator
In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty ImagesBritain's competition regulator on Tuesday said that it is investigating to see if Google parent...
Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim CookSource: Reuters; AppleApple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives...
Delta hires David Boies to seek damages from CrowdStrike, Microsoft
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.CrowdStrike shares fell as much as 5% in...
WeRide expands globally as transportation industry adopts AI
BEIJING, CHINA - JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News...
Apple releases Apple Intelligence, its long-awaited AI features
Apple Intelligence introduced during Apple's WWDC 2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple on Monday released the first version of Apple Intelligence, its suite of artificial intelligence features that will improve Siri, automatically...
Apple Intelligence AI to release in October: Report
Apple Intelligence capabilities introduced during Apple's WWDC2024 in Cupertino, Calif. on June 10th. 2024.Source: Apple Inc. Apple's new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates,...
Bitcoin nears $70,000 as investors digest Trump crypto comments, central bank meetings
Sopa Images | Lightrocket | Getty ImagesCryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week.Bitcoin was last higher by 2% at...
Temu, Shein soaring popularity could hit Amazon, Meta, eBay earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesTemu and Shein have exploded in the U.S. by going on an online...
Trump didn’t match RFK Jr.’s promise to build a ‘bitcoin Fort Knox’ — here’s why
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, on July 24, 2024.Marco Bello | ReutersNASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin...
How the massive power draw of generative AI is overtaxing our grid
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate...
Donald Trump headlines Bitcoin 2024, after a U-turn on crypto
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024.Anna Moneymaker | Getty ImagesNASHVILLE — Former president Donald Trump...
Chinese dominance in Indonesia’s nickel industry during EV Boom
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries."Nickel is needed for the...
Dexcom shares plunge more than 40% after Q2 earnings
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out...
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. The device is retailing at $249.LedgerCryptocurrency storage company Ledger is raising the price of its...
Cryptocurrencies rebound with risk assets Friday after two down days
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets.Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25.In equities, the tech-heavy Nasdaq Composite and the...
Personal cybersecurity concierge is new perk, and need, among wealthy
Matthias Kulka | The Image Bank | Getty ImagesCybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives.While companies are spending heavily on cybersecurity,...
Dexcom (DXCM) Q2 earnings report
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesShares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the...
Galaxy AI, mixed reality and foldables
TM Roh, the head of Samsung's mobile business, talked about the company's new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring.Arjun...
Kamala Harris debuts official TikTok account as presidential campaign picks up
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | ReutersVice President Kamala Harris debuted an official TikTok account on...
Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
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 ImagesMemory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to...
CrowdStrike CEO says 97% of Windows sensors back online after outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty...
Apple loses top 5 spot in China smartphone market as domestic brands dominate
Customers are shopping for the iPhone 15 at the flagship store of Apple Smart Products on Nanjing Road Pedestrian Street in Shanghai, China, on May 24, 2024. Costfoto | Nurphoto | Getty ImagesApple was edged out of the top five smartphone vendors' list in China in the...
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." The company said it eventually plans to integrate the tool, which is currently being tested with a...
Lineage begins trading in stock market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol "LINE."Lineage priced 57 million shares at $78 apiece...
Vegas transit system first in U.S. to fully deploy AI scan for weapons
A sign promoting safety is seen on the Regional Transportation Commission 109 Maryland Parkway bus in Las Vegas Thursday, June 8, 2023.Las Vegas Review-journal | Tribune News Service | Getty ImagesOn your next visit to Vegas, an extra set of eyes will be watching you...
Trump raises more than $4 million in bitcoin, other cryptocurrencies
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesNASHVILLE — Former President Donald Trump is headed to...
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Picture Alliance | Getty ImagesCryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according to Coin Metrics. Disappointing...
GE HealthCare taps Amazon Web Services to build generative AI for medical use
Jakub Porzycki | Nurphoto | Getty ImagesGE HealthCare on Thursday announced it is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools that can efficiently analyze complex medical data.The health-care industry is...
Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending...
IBM Q2 earnings report 2024
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM shares rose 5% in extended trading on Wednesday, after the company reported...
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBritish regulators fined Coinbase's U.K. arm £3.5 million ($4.5 million) on Thursday over...
Nvidia supplier SK Hynix posts highest profit in 6 years on AI chip boom
A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6...
Grayscale tries to hold lead in ether ETF battle
Representation of cryptocurrency and Gayscale logo displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesFor crypto firm Grayscale, it's deja vu in the ETF market.On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest...
Britain plans new regulations after setbacks
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 ImagesBritain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a...
Revolut clinches UK banking license, ending three-year wait
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions from the U.K.'s...
20 employees cut following $500 million funding
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million...
OpenAI reassigns top safety exec Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC.Madry was OpenAI's head of preparedness, a team that was "tasked...
Lyft president Kristin Sverchek to exit on Aug. 20
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020.Mike Blake |...
Alphabet to invest $5 billion in self-driving car unit Waymo
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet is again investing in its self-driving car unit Waymo — this time with $5 billion."This new round of funding will enable Waymo to continue to build...
DeepL AI translation firm launches traditional Chinese language
DeepL CEO Jaroslaw "Jarek" Kutylowski.DeepLGerman artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia.DeepL, one of Europe's high-profile AI companies valued at $2...
Tesla’s margin getting hammered by discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAs Tesla CEO Elon Musk continues to make lofty...
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesTesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5...
Tesla shares fall 8% in premarket trading after weaker-than-expected earnings
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.Elon Musk's electric...
How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history.When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system.But this was not a Microsoft...
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesBitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox...
Tesla TSLA earnings Q2 2024
Tesla is set to report second-quarter earnings after the bell on Tuesday.Here's what Wall Street is expecting based on a survey of analysts by LSEG:Earnings per share: 62 cents expectedRevenue: $24.77 billion expectedAfter a rocky first half of the year, in which...
Meta debuts newest Llama AI model with help from Nvidia and others
Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous...
What Google decision to keep cookies means for the internet
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies.Daniel Acker | Bloomberg | Getty ImagesGoogle on Monday announced a bold move that has some big implications for advertisers and the future of the...
Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty ImagesAfter years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by...
Tesla quarterly report coming Tuesday. Investors want robotaxi update
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024.Source: Tesla Inc.Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts...
Republican representatives call on CrowdStrike CEO George Kurtz to testify
Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024.Vipin Kumar | Hindustan Times | Getty ImagesRepublican representatives on...
Google-Wiz deal fizzles out, company will pursue IPO
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesWiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the...
CrowdStrike shares tumble as fallout from global tech outage continues
George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.Mike Blake | ReutersCrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company...
AI that can talk with other AI will launch in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesArtificial intelligence-powered agents will be able to work together and solve tasks in a so-called "multi-agent AI" system by 2025, according to technology services giant...
Crowdstrike outage and global software’s single-point failure problem
The frequency of large-scale attacks on corporate enterprise IT is increasing. That's not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the...
The CrowdStrike fail and next global IT meltdown already in the making
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist...
CrowdStrike update that caused global outage likely skipped checks, experts say
A general view from Dusseldorf Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Dusseldorf, Germany. Hesham Elsherif |...
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable.Evelyn ChengBEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable...
What is CrowdStrike (CRWD), and how did it cause global IT outages?
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesA fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT...
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Justin Sullivan | Getty ImagesNvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock...
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the...
Microsoft, CrowdStrike shares fall after major IT outage
CrowdStrike makes software to help firms manage their security in IT environments.Sopa Images | Lightrocket | Getty ImagesCybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.Shares...
Microsoft says it restored cloud services but issues continue
The exterior view of the Microsoft Times Square building in New York City on Jan. 29, 2023.Kena Betancur | Corbis News | Getty ImagesMicrosoft's cloud services have been restored after an outage, the company said on Friday, but many users are still reporting issues.It...
CrowdStrike suffers major outage affecting businesses around the world
Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally.The outage resulted from an issue with the latest update, the company said. CrowdStrike is now in the process of rolling back that update globally.The...
U.S. online sales climb to record $14.2 billion
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesOnline spending in the U.S. surged 11% year over year to $14.2 billion during Amazon's 48-hour Prime Day event, topping...
OpenAI 4o mini model announced
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI on Thursday launched a new AI model, "GPT-4o mini," the artificial intelligence startup's...
Texas miners leave crypto for next new wave
Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas.Robert Daemmrich | Corbis | Getty ImagesJust off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping...
Ethereum co-founder warns against voting only on ‘pro-crypto’
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance."The game of politics is much more complicated than just 'who wins the next election', and there are a...
Asia chip stocks tumble amid news the U.S. may consider trade curbs
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty ImagesChip stocks in Asia tumbled on...
Chinese regulators begin testing GenAI models on socialist values
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty ImagesAI companies in China are undergoing a government review of their large language models, aimed at ensuring they "embody core socialist values," according to a report...
TSMC Q2 2024 earnings
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024.David Paul Morris | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI...
Anthropic, Menlo Ventures launch $100 million Anthology Fund for AI
Anthropic and one of its biggest investors are taking a page from Apple's playbook.The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company's technology. Menlo...
Global chip stocks from Nvidia to ASML fall as geopolitics, Trump weigh
Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S. President Donald Trump.ASML's Netherlands-listed shares...
Amazon’s deal with AI startup Adept faces FTC scrutiny
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersThe Federal Trade Commission has launched an informal inquiry into Amazon's recently announced deal with AI startup Adept, CNBC has confirmed.The FTC is seeking more...
Trump says Taiwan should pay the U.S. for defense; shares of TSMC fall
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024.Brendan Mcdermid | ReutersFormer U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should...
Labour’s gains in London have private equity looking to exit country
A view of the Palace of Westminster with Big Ben a day before General Election, in London on July 3, 2024.Nurphoto | Nurphoto | Getty ImagesLONDON — With the British parliament back from recess, the UK's Labour Party will start working to push through aggressive...
ASML earnings report Q2 2024
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023.Piroschka Van De Wouw | ReutersASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm's...
Elon Musk says SpaceX and X headquarters moving to Texas, blames new CA trans student privacy law
US billionaire businessman and pilot Jared Isaacman flies in formation aboard a fighter jet over the SpaceX sign, close to the Starship spacecraft, before his third test flight from Starbase in Boca Chica, Texas, on March 13, 2024.Chandan Khanna | AFP | Getty...
Neuralink rival Synchron is using OpenAI models to power chat feature
Mark using Synchron's BCI Courtesy: SynchronA 64-year-old named Mark has spent the last year learning how to control devices like his laptop and phone using a brain implant. And thanks to OpenAI, it's gotten a whole lot easier to do. The neurotech startup Synchron...
Andreessen Horowitz founders plan to donate to pro-Trump PACs
Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Calif. on Tuesday, Sept. 13, 2016. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst...
Amazon’s Prime Day causes worker injuries, Senate probe finds
An Amazon workers pull a cart of packages for delivery on E 14th Street on July 12, 2022 in New York City.Michael M. Santiago | Getty ImagesAmazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a "major" cause of worker injuries, according to the...
Microsoft hiring of AI Inflection staff referred for UK merger probe
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesMicrosoft's hiring of certain former employees from artificial...
Self-proclaimed bitcoin inventor Craig Wright referred to prosecutors
Craig Wright, self-declared inventor of Bitcoin, arrives at federal court in West Palm Beach, Florida, U.S., on Friday, June 28, 2019.Saul Martinez | Bloomberg | Getty ImagesLONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on...
Uber now lets riders see average wait times, costs in many cities
Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesUber on Tuesday announced it's rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities.The feature, which aims to make planning summer travel easier,...
Apple iOS 18 public beta released: How to install
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 Monday released a preview version of its big new iPhone update.The...
How AI and automation will reshape grocery stores and fast-food chains
AI isn't just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend.Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such...
Crypto stocks like Coinbase and Microstrategy soar as bitcoin rallies
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly...
Google in talks for $23 billion deal with Wiz: WSJ
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 is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street...
Elon Musk endorses Trump after shots were fired at former president
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk posted on X that he "fully" endorses Donald Trump moments after the former president...
a $43 million Veterans Affairs simulation hospital
An operating room at SimVETCourtesy: SimVETInside a sprawling $43 million Veterans Affairs facility equipped with operating rooms, intensive care units and an outpatient clinic, there are no patients. At least not any real ones. The 53,000-square-foot building sits...
Amazon sellers get dinged after Target discount snafu
An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesWhen Brandon Fishman ran a discount on his vitamin-infused coffee for Target's weeklong deals event, he wasn't worried about how it would affect...
Balloons to hoist tourists 100,000 feet into the stratosphere
Commercial space flight is becoming more and more common, with companies including SpaceX, Blue Origin and Virgin Galactic all transporting paid customers into space over the last several years.People interested in seeing the earth from an unusual vantage point may...
Meta lifts Trump’s Facebook, Instagram restrictions before election
Former President Donald Trump speaks during his campaign rally at the Trump National Doral Golf Club on July 09, 2024 in Doral, Florida. Joe Raedle | Getty Images News | Getty ImagesMeta said Friday it's removing any previously imposed penalties and restrictions on...
Snowflake shares slip after AT&T says hackers accessed data
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesSnowflake has spent the past seven weeks dealing with the fallout of...
Biggest risks of gen AI in your private life: ChatGPT, Gemini, Copilot
Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. But many ignore the potential privacy ramifications, which can be significant.From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the...
Inceptive CEO Jakob Uszkoreit says AI will transform pharmaceuticals
Before co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying to speed up the training of neural networks.He suggested using a...
Elon Musk’s X deceives users and breaches online content rules, EU says
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk's X is in breach of EU online content rules as the social media platform uses "dark...
Microsoft giving up OpenAI board observer seat doesn’t settle concerns
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft has given up its observer seat on OpenAI's board. Apple, which was reportedly expected...
Samsung is developing AI features specifically for China
TM Roh, head of Samsung's mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France.Arjun Kharpal | CNBCBut China, the world's biggest smartphone market, has been a struggle for Samsung over the last few years. Its market share for...
Apple expands Vision Pro to more countries outside the U.S.
The Apple Vision Pro headset is displayed at the Fifth Avenue Apple store on Feb. 2, 2024 in New York City.Michael M. Santiago | Getty Images News | Getty ImagesApple's mixed reality headset, the Vision Pro, will become available in more countries outside of the U.S....
Tesla shares fall 6% after report of robotaxi unveiling delay
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla shares fell about 6% on...
Too young for an iPhone? Apple promoting Apple Watch for kids
A shopper holds an Apple Watch Series 8 on sale at the company's Fifth Avenue store in New York, Sept. 16, 2022.Jeenah Moon | Bloomberg | Getty ImagesApple is trying a new tactic to get its products in the hands of younger users.The iPhone maker on Wednesday launched...
Apple reaches deal with EU to open up mobile payments system to rivals
The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024.Anadolu | Anadolu | Getty ImagesLONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to...
Musk says next Neuralink brain implant expected in ‘next week or so’
Jonathan Raa | Nurphoto | Getty ImagesElon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within "the next week or so." Executives also said the company is making changes to address the hardware problems...
Samsung to launch upgraded Bixby this year with its own AI
TM Roh, head of Samsung's mobile division, discusses the artificial intelligence featues as part of Galaxy AI at the Galaxy Unpacked event in Paris, France on July 10, 2024.Arjun Kharpal | CNBCPARIS — Samsung will launch an upgraded version of its voice assistant...
HubSpot shares plunge 13% on report that Alphabet is shelving interest
HubSpot shares plunged 13% on Wednesday after a report said Alphabet isn't going forward with plans to buy the software company.According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, "but the sides didn't reach a point of detailed discussions...
Sublime Systems says cement is being made with zero carbon emissions
Next to water, concrete is the most commonly used material on earth. But the traditional way to create its prime ingredient, cement, is not kind to the planet.The global cement production industry accounts for about 8% of carbon emissions annually. It's usually made...
Election deepfakes may undermine institutional credibility: Moody’s
With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody's on Wednesday warns that generative AI and deepfakes are...
Everything launched at the event
Samsung launched two new foldable smartphones at its Unpacked event in Paris: the Galaxy Flip6 and the Galaxy Fold6.Arjun Kharpal | CNBCOn Wednesday, Samsung held its Unpacked Event, where it launched a slew of products.Here's a list of all the products the tech giant...
Samsung Galaxy Ring launch: Price, specs, feature, availability
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung's first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones.Arjun...
Samsung Galaxy Z Fold6 and Z Flip6 launch: Price, specs, features
Samsung launched the Galaxy Z Fold6 at its Unpacked event in Paris, France. The tech giant said the foldable device is thinner and lighter than its predecessor.Arjun Kharpal | CNBCPARIS — Samsung launched its latest foldable smartphones on Wednesday — and they're...
Microsoft drops its observer seat on OpenAI board
Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to...
Company to cut 10% of workforce
Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty ImagesUiPath, a developer of automation software, is cutting 10% of...
Etsy escaping ‘race to the bottom’ and getting back to artisan roots
Josh Silverman, CEO of Etsy.Adam Jeffery | CNBCWhen Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has...
San Francisco’s real estate slide continues as office vacancies peak
Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market.The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a...
Stolen crypto doubled to $1.38 billion in the first half of 2024: TRM Labs
Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesHackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed.The report said $1.38 billion worth of crypto was...
Amazon announces new $79 Echo Spot alarm clock
Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.The company added a display where users can check the time, weather or see what song is playing. Amazon also put a better speaker in the front of the device....
Corning stock up 12% as AI boom drives stronger-than-expected demand
Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the...
Germany owns $2 billion in bitcoin (BTC). It’s freaking out investors
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Gox.Cfoto | Future Publishing | Getty ImagesFor weeks now, Germany's government has been selling hundreds of millions of dollars worth of bitcoin — and...
Why Amazon, Tesla and Microsoft are investing in AI-powered robots
AI-powered robots are popping up across Silicon Valley. If some industry experts are right, they could help solve a global labor shortage.Companies like Tesla, Amazon, Microsoft and Nvidia have plowed billions of dollars into what are known as "humanoid" robots. These...
Cohere CEO and ex-Google researcher Aidan Gomez on how AI makes money
Aidan Gomez was an intern at Google Brain in 2017, when he helped co-author the "Attention Is All You Need" paper that conceptualized the transformer and eventually kicked off the generative artificial intelligence boom."There's no one in the field who was around back...
Tesla shares wipe out loss for the year with 27% rally this week
Elon Musk attends "Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk" during the Cannes Lions International Festival Of Creativity 2024 - Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesTesla's stock price...
Mt. Gox begins repaying bitcoin to creditors a decade on from collapse
Thomas Trutschel | Photothek | Getty ImagesThe trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors.The...
AI drives up earnings, shares pop
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Samsung Electronics jumped to their highest level...
Bitcoin (BTC) price slides to 2-month low after Fed meeting minutes
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's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S....
App compatibility, battery life shine
With Microsoft's new Surface Pro Flex Keyboard, you can type and use the trackpad without the accessory being physically connected to the 11th edition of the Surface Pro.Jordan Novet | CNBCWhen Microsoft announced its new line of Windows PCs in May, the company said...
Tesla short sellers lost $3.5 billion in two days after Q2 deliveries
An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. - US electric car pioneer Tesla received the go-ahead for its "gigafactory" in Germany on March 4, 2022,...
China EVs hit with EU tariffs; Nio says it may have to raise prices
The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result. The European Commission, the executive arm of the European Union,...
SoftBank shares hit record high after 24 years on Arm and AI boost
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares hit a record high on Thursday, just as the company's massive tech investment arm shows signs of...
China leads the generative AI patents race; Tencent, Baidu top list: UN
TIANJIN, CHINA - JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty...
Microsoft to settle case on protected leave for California employees
A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 in Barcelona on Feb. 26, 2024.Xavi Torrent | Getty Images News | Getty ImagesMicrosoft is paying $14.4 million to settle a case in California over allegations that the company retaliated...
China’s BYD is set to beat Tesla in 2024 battery EV sales
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany.Leonhard Simon | Getty Images News | Getty ImagesChinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this...
Tesla (TSLA) Q2 vehicle deliveries and production numbers
Brand-new Tesla cars sit parked at a Tesla dealership on May 31, 2024, in Corte Madera, California.Justin Sullivan | Getty ImagesTesla just posted its second-quarter vehicle production and deliveries numbers for 2024.Here are the key numbers:Total deliveries Q2 2024:...
Bitcoin to hit new all-time high this year if history plays out: Report
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France.Chesnot | Getty Images News | Getty ImagesBitcoin has not reached the top of its current appreciation cycle and is likely to go...
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a...
Salesforce shareholders vote against pay for Benioff, top executives
Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce investors voted against the company's compensation plan for top executives, after shareholder advisory groups raised...
Supreme Court punts social media moderation cases to lower courts
Chris Marchese (L), director of the NetChoice Litigation Center, looks on as Matt Schruers (C), president and CEO of the Computer & Communications Industry Association, speaks to reporters outside of the U.S. Supreme Court in Washington, D.C., on Feb. 26,...
Crypto firm Circle gets French license for stablecoin
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 ImagesCryptocurrency firm Circle said Monday it's now registered as an electronic money institution,...
Meta accused of failing to comply with EU antitrust rules
Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.Igor Golovniov | SOPA Images | LightRocket | Getty...
Gen Z’s shopping habits are heavily driven by TikTok and influencers: KPMG
Young Asian woman unboxing new purchase clothings from cardboard box that received from her online shopping retail delivery at home. She is happy and excited to see the content from the box. Online shopping, trustworthy parcel delivery serviceD3sign | Moment | Getty...
Google invests in BlackRock-backed solar developer in Taiwan amid AI boom
The aerial view reveals the mutual benefits of combining solar energy production and agricultural land use. Farmers can lease their land to solar energy developers, diversifying their income streams while maintaining agricultural activities on the remaining areas....
Mt. Gox about to unload $9 billion of bitcoin — what it means for BTC
Omer Taha Cetin | Anadolu | Getty ImagesA bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars' worth of the token to users — and it has investors worried.In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will...
Bitcoin windfall comes for Mt. Gox creditors after 10,000% price spike
Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds.Kiyoshi Ota | Bloomberg | Getty ImagesMt. Gox, the Japanese bitcoin exchange that...
Tech founders are shunning IPOs after extended market lull: Techstars
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known...
Amazon hires execs from AI startup Adept and licenses its technology
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersAmazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company's technology.Rohit...
Amazon doubling value of credits for startups to build on AWS cloud
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services.Starting July 1, startups that have raised a Series A...
SEC sues ethereum company Consensys, expanding industrywide crackdown
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.Riccardo Savi | Getty Images for Concordia SummitCrypto firm Consensys has been added to the SEC's list of targets, as the regulator continues its industrywide crackdown.The Securities and...
SoftBank to raise $1.86 billion in debt as CEO talks up ‘super’ AI
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’
Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City.Getty ImagesPeter Thiel, once one of Donald Trump's major financial backers in the tech industry, said...
AI’s power is worthless without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024.HonorHANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of...
OpenAI, Microsoft sued by Center for Investigative Reporting
The news industry just gained a powerful ally in its effort to take on OpenAI.The Center for Investigative Reporting, the country's oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement,...
Figma CEO says it’s ‘eating cost’ of AI for customers in 2024 upgrade
As design firm Figma rolls out its first major AI upgrade for its platform, CEO and founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of...
OpenAI and Time strike multi-year content deal to improve ChatGPT
Budrul Chukrut | Lightrocket | Getty ImagesOpenAI and Time on Thursday announced a "multi-year content deal" that will allow OpenAI to access current and archived articles from more than 100 years of Time's history.As part of the deal, the Microsoft-backed startup...
Illia Polosukhin of Google Transformer 8 and Near on democratizing AI
Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible.Now, Polosukhin is...
Amazon plans discount store in bid to fend off Temu and Shein
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York on April 16, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that...
Micron shares slide after revenue forecast fails to top estimates
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022.Adam Galica | CNBCMicron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a...
Crypto catches M&A frenzy as bitcoin miners chase AI boom
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America.Crypto companies are suddenly at the center of deal-making. The catalyst is artificial intelligence.Bitcoin mining companies have expansive data centers, with access to fiber...
France’s AI push puts it on the rise
In the 13th arrondissement of the French capital Paris is an old rail freight station that has been converted into the world's biggest startup campus.Known as Station F, the massive complex, which can house 1,000 startups and has corporate partners including U.S. tech...
Europe wants to deploy data centers into space, study says
A data center.Erik Isakson | DigitalVision | Getty ImagesThe rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital storage, in a bid to reduce its...
Amazon reaches $2 trillion market cap for the first time
Amazon CEO Andy Jassy.CNBCAmazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company's market cap past $2 trillion for the first time.In crossing the milestone, Amazon joins Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2...
Nvidia CEO speaks at first shareholder meeting since stock surge
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang said on Wednesday that the company's advantage in artificial intelligence chips was thanks to a bet it made...
Google testing facial recognition technology for security near Seattle
Josh Edelson | AFP | Getty ImagesGoogle is testing facial recognition technology for office security "to help prevent unauthorized individuals from gaining access to our campuses," according to a description of the program that was viewed by CNBC.The initial test is...
Apple expands its self-service repair program to Europe
Dominika Zarzycka | Lightrocket | Getty ImagesApple announced on Thursday that its self-service repair program is now available in Europe.The program, dubbed Apple Diagnostics for Self Service Repair, gives consumers the ability to test products for optimal parts...
America’s drinking water is under attack by China, Russia and Iran
Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty ImagesThe City of Wichita recently had an experience that's become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment...
Nvidia deal: U.S. chip curbs just ‘business as usual’: Ooredoo CEO
Jakub Porzyck | Nurphoto | Getty ImagesQatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology.Ooredoo earlier this week signed a...
Europe risks falling behind US and China on AI: Prince Constantijn
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator.Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince...
Shopee agreed to adjust practices in Indonesia after competition law violation
BRAZIL - 2022/03/22: In this photo illustration, a woman's silhouette holds a smartphone with a Shopee logo in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Rafael Henrique | Sopa Images | Lightrocket | Getty...
Waymo opens robotaxi service to all San Francisco users
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersWaymo robotaxis are now open to all users in San Francisco, expanding the self-driving ride-hailing service, which has been available in...
Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim
The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. Ringo H.W. Chiu | APTesla has issued two more recalls for its Cybertruck pickups in the U.S., as the automaker continues to face challenges with its newest electric...
Bitcoin bounces above $61,000, Solana leads cryptocurrencies higher
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets.Bitcoin advanced more than 3% on Tuesday to $61,741.78, according to Coin Metrics. The move coincided with a...
Nvidia (NVDA) stock rout leaves global chip shares volatile
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersGlobal semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.Shares...
Amazon Prime Day 2024 sale runs July 16 and 17
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesAmazon's Prime Day mega sale event will return on July 16 and 17, the company announced Tuesday.Like in previous years,...
Etched raises $120 million to build chip to take on Nvidia in AI
Etched co-founders Robert Watchen, Gavin Uberti, and Chris ZhuEtchedNvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month.A 2-year-old startup founded by...
Microsoft’s ‘abusive’ bundling of Teams, Office products breached antitrust rules, EU says
The Microsoft Teams displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesThe European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products."The European Commission has informed...
Cisco is ‘very optimistic’ about its growing business with China EVs
Cisco established operations in China in 1994.Sopa Images | Lightrocket | Getty ImagesDALIAN, China — Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on...
Oracle warns that a TikTok ban would hurt business
Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel...
Nvidia slides 13% in three days after becoming most valuable company
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersSince briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from...
OpenAI changes secondary stock sale rules, treats ex-staffers equally
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI has reversed its policies toward secondary share sales, and will now allow current and former...
Bitcoin tumbles back to $60,000 to start the week
A photo illustration depicting the cryptocurrency bitcoin.Jakub Porzycki | NurPhoto via Getty ImagesBitcoin continued its descent to $60,000 on Monday.The price of the flagship cryptocurrency was last down by more than 4% at $61,211.00, according to Coin Metrics....
Synthesia now lets you make AI avatar presentations using a webcam
Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone.SynthesiaSynthesia, a British artificial intelligence startup, on Monday showed off a slew of new product updates including the ability to create...
China wants EU to scrap higher tariffs and ‘abide by WTO rules’
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty...
Apple App Store rules are in breach of EU tech rules, regulators say
The Apple logo.Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives.The European Commission, the EU's executive...
Nvidia is little known despite topping $3 trillion in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersApple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They're are also...
Tesla has downsized by at least 14% this year, internal number shows
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla's hefty downsizing in 2023 has reduced its global headcount to just over 121,000 people, including temps, internal records suggest,...
Apple Intelligence AI not coming to Europe this year
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 said Friday it won't release several...
SoftBank CEO predicts AI that is 10,000 times smarter than humans
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
Amazon plastic air pillows to be replaced with paper filler
Amazon said Thursday it has removed 95% of the plastic air pillows from its packaging in North America and will replace them with paper fillers made from 100% recycled content.It marks Amazon's largest plastic-packaging reduction effort and will help it remove nearly...
Kinetic rolls out robots to fix electric cars, and someday robotaxis
Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris WeberCourtesy: Kinetic AutomationWhile electric vehicle demand is still increasing in the U.S., the sales growth rate for cars that pollute less has cooled down in 2024 due partly to the high cost of...
Anthropic Claude 3.5 Sonnet AI announced
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet.Claude is one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity...
OpenAI co-founder Ilya Sutskever announces Safe Superintelligence
Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever, who left the artificial intelligence...
Apple AI push faces big challenges in China
The Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Jonathan Raa | Nurphoto | Getty ImagesApple's big artificial intelligence push faces some big challenges in China — one of the iPhone maker's most critical markets —...
Europe’s top-funded genAI startups founded by ex-Big Tech staff: Accel
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024.Chesnot | Getty Images Entertainment | Getty ImagesMost of the top-funded...
Elon Musk softens ‘go f— yourself’ comment to woo advertisers
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesElon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform.At the Cannes...
FTC refers TikTok complaint to DOJ
The TikTok logo is displayed at TikTok offices on March 12, 2024 in Culver City, California.Mario Tama | Getty ImagesThe Federal Trade Commission said Tuesday that it's referred its complaint against TikTok and Chinese parent ByteDance to the U.S. Department of...
Amazon fined $5.9 million for over 59,000 violations of California labor laws
An Amazon warehouseGetty ImagesCalifornia's labor regulator on Tuesday said it fined Amazon nearly $6 million for violating a state law aimed at curtailing the use of onerous warehouse productivity quotas.The California Labor Commissioner's Office said it investigated...
Can the UK and London maintain its lead?
The U.K. is the No. 1 country in Europe for tech by many accounts.In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking.It's the No. 1 location in Europe for funding — with...
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it's raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an...
Nvidia passes Microsoft in market cap, is most valuable public company
Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersNvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.Shares of the chipmaker climbed...
Bitcoin back below $65,000 for the first time in more than a month
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 with the broader cryptocurrency market on Tuesday amid concerns about the global economy...
Amazon Labor Union votes to join forces with Teamsters
An Amazon Labor Union rally in the Staten Island borough of New York, on Sunday, April 24, 2022.Victor J. Blue | Bloomberg | Getty ImagesMembers of the Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, have voted to affiliate with...
Apple issues ‘very serious’ under landmark EU rules: Vestager
Apple has a number of "very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone...
Activist Starboard sues Autodesk in bid to mount proxy fight
Autodesk president and CEO Andrew Anagnost.AutodeskStarboard Value sued software maker Autodesk on Monday to delay the company's annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight.Activists can typically only begin a...
TravelPerk acquires US rival AmTrav, bags $135 million for expansion
LONDON — TravelPerk, a European corporate travel booking platform, told CNBC on Tuesday it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S.AmTrav, which operates in the same space as TravelPerk, will continue to operate under the...
Apple stops offering buy now, pay later loans in U.S.
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple said on Monday that it has stopped issuing loans through Apple Pay Later, its...
Apple Watch 10 to include larger screen, thinner design: Kuo
Apple Watch Series 9Source: Apple Inc.Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen.The Apple Watch Series 10 is expected to be released in September when the company typically introduces...
Apple supplier TDK announces solid-state battery breakthrough
Apple Watch SE is seen in a store in Krakow, Poland on April 20, 2024.Nurphoto | Nurphoto | Getty ImagesJapanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries, making a breakthrough that it estimates...
Malaysia emerges as Asian data center powerhouse, amid booming demand
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty ImagesMalaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial...
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board...
Inside latest crypto firm paying billions to end legal troubles
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to...
Advisors ‘wary’ of bitcoin ETFs are on slow adoption journey, says BlackRock exec
Jonathan Raa | Nurphoto | Getty ImagesThe long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock's Samara Cohen.For now, about 80% of bitcoin ETF...
Adobe shares surge and head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares surged 15% on Friday, the biggest gain since March 2020, after the...
Google-backed Tempus AI pops by as much as 15% in Nasdaq debut
Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker...
Microsoft to delay launch of AI Recall tool due to security concerns
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft will no longer ship Recall, an artificial intelligence tool that tracks user...
Jared Kushner investments included bet on Amazon aggregator Unybrands
A video of Jared Kushner is shown on a screen, as the House select committee investigating the Jan. 6 attack on the U.S. Capitol holds a hearing at the Capitol in Washington, Thursday, July 21, 2022. Alex Brandon | ReutersIn March 2022, Jared Kushner was called to...
OpenAI adds former NSA chief to its board
Paul Nakasone, director general of the National Security Agency, testifies during a hearing of the Senate Select Committee on Intelligence about worldwide threats, on Capitol Hill in Washington, April 14, 2021.Saul Loeb | Pool | ReutersOpenAI on Thursday announced its...
Tesla shareholder Elon Musk pay package at annual meeting
Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.At Tesla's annual meeting in Austin, Texas, the...
Adobe (ADBE) Q2 earnings report 2024
Shantanu Narayen, CEO of Adobe being interviewed by Jim CramerLinda Dimyan | CNBCAdobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance.Here's how the...
Elon Musk says Optimus robots could make Tesla $25 trillion company
A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg |...
CleverCards, a configurable payments startup, raises $8.6 million
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.CleverCards, a...
New Apple iPhone app proves how hard it is to kill the online password
Apple Intelligence was unveiled during Apple's Worldwide Developers Conference in Cupertino, California, on June 10, 2024.Source: Apple Inc.For years, cybersecurity experts have been predicting the death of the online password as more advanced log-in features, from...
Broadcom stock up on earnings beat, increased demand for AI chips
Hock Tan, CEO of BroadcomLucas Jackson | ReutersBroadcom shares are up about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts' estimates and showed the company is benefiting from the artificial intelligence boom.Broadcom...
Microsoft employees’ cybersecurity work will factor into their pay
Satya Nadella, CEO of Microsoft, arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will evaluate its employees' cybersecurity contributions in reviews that will factor into their compensation, Brad...
Donald Trump says he wants all future bitcoin to be mined in the U.S.
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his...
Google ‘won’t always find mistakes’ in AI, search VP Reid tells staff
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesGoogle's new head of search said at an all-hands meeting last week that mistakes will occur as artificial intelligence becomes more...
Honor Magic V Flip launch: Specs, price, availability
Honor Magic V Flip is Honor's first "flip" style foldable smartphone.HonorHonor on Thursday launched its first flip foldable phone as the Chinese electronics maker looks to step up its challenge in the high-end market against major players like Samsung.The Honor Magic...
Wise shares plunge after fintech projects slower growth
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesShares of British money transfer company Wise dropped on Thursday after the company projected weaker annual revenue growth in the current fiscal year.The firm's...
Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10%...
Tesla shareholder vote on Musk pay plan won’t clear ‘legal disputes’
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.David Swanson | ReutersTesla's annual meeting on Thursday in...
Solugen locks in $214 million Energy Department loan to build a ‘bioforge’ for sustainable chemicals production
Solugen makes water treatment chemicals and others from renewable feedstock.Todd Spoth for SolugenA Houston-based startup called Solugen has locked in a $214 million loan commitment from the U.S. Department of Energy via the program that's most famous for financing...
Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union...
Databricks says annualized revenue to reach $2.4 billion in first half
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024.Jordan Novet | CNBCDatabricks, the data analytics software vendor that's among the most richly valued private U.S. tech...
Fintech has hit a bottom after valuation plunge, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAMSTERDAM — The financial technology industry is embracing a new normal — with some...
Revolut moves global HQ in Canary Wharf as it awaits UK bank license
A mockup of what Revolut's new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup.RevolutBritish financial technology firm Revolut...
Musk says Tesla shareholders likely approved his $56 billion pay deal
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesElon Musk said on late Wednesday that Tesla...
China EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Chinese electric vehicle makers mostly...
Larry Ellison is $18 billion richer as Oracle rallies most since 2021
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 Chairman Larry Ellison is $18 billion richer after the software maker he...
Oracle stock pops 10% on AI demand, new deals with Google and OpenAI
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California. Justin Sullivan | Getty ImagesOracle shares jumped more than 10% on Wednesday, a day...
Apple AI plans make it most valuable company in the world
Apple CEO Tim Cook attends the annual developers conference event at the company's headquarters in Cupertino, California, on June 10, 2024.Carlos Barria | ReutersApple surpassed Microsoft on Wednesday to become the most valuable company in the world, after it...
Tesla could get special duties as part of EU’s higher China EV tariffs
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla could be hit with a specially...
Black Semiconductor raises $274 million in funding in Europe chip push
Europe is attempting to boost its homegrown semiconductor industry. Darya Komarova | Moment | Getty ImagesBlack Semiconductor, a startup aiming to create next-generation chip technology, on Wednesday said it raised 254.4 million euros ($274 million), mainly from the...
Mistral AI raises $645 million at a $6 billion valuation
French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.Chesnot | Getty Images Entertainment | Getty ImagesMistral AI, a French tech...
Elon Musk drops suit against OpenAI and Sam Altman
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
U.S. reportedly weighing more limits on China’s access to AI chip tech
Sinology | Moment | Getty ImagesThe U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday.The Biden administration is weighing actions that would target high-tech chip...
AWS to launch new infrastructure region in Taiwan as it expands in APAC
Rio de Janeiro , Brazil - 4 May 2023; Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. (Photo By Eóin Noonan/Sportsfile for Web Summit Rio via Getty Images)Eóin Noonan | Sportsfile | Getty ImagesAmazon Web...
Apple Vision Pro to debut in China, Japan and Singapore this month
The Apple Vision Pro headset is seen on display at the Fifth Avenue Apple store on February 02, 2024 in New York City. Michael M. Santiago | Getty ImagesApple announced on Tuesday that it will launch its flagship virtual reality headset, the Apple Vision Pro, in...
Oracle (ORCL) Q4 earnings report 2024
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.Here's how the company did in comparison with LSEG...
OpenAI insider stock sales are raising concern among ex-employees
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company,...
WeWork emerges from bankruptcy, announces John Santora as new CEO
A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023.Yuki Iwamura | Bloomberg | Getty ImagesWeWork, the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday, and named Cushman & Wakefield executive John...
AI is getting very popular among students and teachers, very quickly
Hyoung Chang | Denver Post | Getty ImagesThe American public as a whole remains on the fence with artificial intelligence, according to many polls, but in education, adoption among teachers and students is rapidly rising.In a little over a year, the percentage of...
Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve's next rate decision.The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin...
Apple shares pop to record high after company unveils AI software
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple shares popped 5% to a new record high of around $203 per share on Tuesday, a day after...
Spotify to introduce expensive plan later this year
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Spotify made an announcement that it will be raising the price of its Spotify Premium Individual plan by $1, from $10.99 to $11.99 per month and the Premium Family...
Sotheby’s, Fanatics team up to offer rare sports trading card auctions
A 1948 Leaf #79 Jackie Robinson card, which is the only true rookie card of the sports icon.FanaticsFanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with Sotheby's that will create a...
Apple execs explain why its AI is different
Apple CEO Tim Cook (L), John Giannandrea (C), senior VP of machine learning and AI strategy and Craig Federighi (L), senior VP software engineering, speak during Apple's annual Worldwide Developers Conference (WDC) in Cupertino, California on June 10, 2024. Nic Coury...
Mastercard to phase out card entry for e-commerce by 2030 in Europe
Roberto Machado Noa/ LightRocket via Getty ImagesLONDON — The experience of paying for products and services online could feel a lot different in the coming years.Starting from 2030, Mastercard will no longer require Europeans to insert their card numbers manually...
OpenAI hires new CFO and product chief, announces Apple partnership
Sarah Friar has been named OpenAI CFOAnjali Sundaram | CNBCOpenAI on Monday hired two top executives and announced a partnership with Apple that includes a ChatGPT-Siri integration, the company announced in two blog posts.The company said Sarah Friar, previously CEO...
Apple Intelligence supported on iPhone 15 Pro, M1 Macs and iPads
Apple Intelligence introduced during Apple's WWDC2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple finally dove headfirst into artificial intelligence on Monday with its announcement of Apple Intelligence. But to run it on your iPhone, you might...
Elon Musk to ban Apple devices from his companies over OpenAI deal
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk, the CEO of Tesla and...
Tech bosses urge focus on AI skills, growth
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election.Pa Images | Getty...
Ripple launches Japan and Korea fund to drive blockchain innovation
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesBlockchain firm Ripple has launched a Japan and Korea fund, aimed...
EU is expected to unveil tariff plans for Chinese EVs this week
TOPSHOT - People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images)Lillian...
Computing firm to raise $211 million
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesShares of Raspberry Pi on Tuesday rose 39% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial...
CrowdStrike rallies on cybersecurity company’s inclusion in S&P 500
George Kurtz, chief executive officer of CrowdStrikePatrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares jumped as much as 10% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm...
Abbott receives FDA approval for Libre Rio and Lingo
Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAbbott Laboratories announced on Monday it received approval from the U.S. Food and...
Microsoft outsourcing best AI, Google could end up winning: Okta CEO
This photograph shows a screen displaying the logo of Bard AI, a conversational artificial intelligence software application developed by Google, and ChatGPT.Lionel Bonaventure | Afp | Getty ImagesLONDON — Microsoft is handing over the development of all of its best...
Boeing’s years-long struggle to launch astronauts on Starliner
Boeing's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program.NASA also...
Bitcoin ETFs are wooing a new investor who may rebalance bitcoin as it soars
Vertigo3d | iStock | Getty ImagesCrypto's culture encourages investors to "HODL," or hold on for dear life, in the rollercoaster ride of bitcoin's extreme fluctuations.But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional...
Amazon, Best Buy may soon sell smart devices with ‘hacker-safe’ label
Consumers have become accustomed to all sorts of labels and seals of approval on products in the shopping process, from the Energy Star to sustainability standards. Next up, shoppers should prepare for a hacking-safe seal of approval in the works for home gadgets and...
Waystar shares slip in debut after pricing IPO in middle of range
The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", outside the Nasdaq Market site in New York City, U.S., March 26, 2024. Brendan Mcdermid | ReutersWaystar shares slid...
Microsoft says Recall feature for Copilot+ PCs will be off by default
Microsoft CEO Satya Nadella speaks at an event on Microsoft's campus in Redmond, Washington, on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft said an artificial intelligence feature on new PCs that captures screenshots and enables search of user...
Apple to show its vision of the AI-powered future at WWDC 2024
Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | Afp | Getty ImagesFor years, Apple avoided using the acronym AI when...
After ChatGPT and the rise of chatbots, investors pour into AI agents
Rafael Henrique | Lightrocket | Getty ImagesEarlier this year, financial services company Klarna said its artificial intelligence agent, powered by OpenAI, had taken over two-thirds of customer chats and was doing work equivalent to that of 700 full-time agents. That...
John Giannandrea is the quiet exec behind company’s strategy
Apple is behind on artificial intelligence.Now, the company is getting ready to unleash its first wave of user-facing AI products. And behind that push is John Giannandrea, a Silicon Valley veteran who is Apple's top executive in charge of AI strategy.On Monday, Apple...
Trump hits tech fundraiser in San Francisco, some guests pay $300,000
Republican presidential candidate and former U.S. President Donald Trump gestures outside Trump Tower, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in...
Priceline, Ramp deal to disrupt ‘archaic’ business travel model
Hinterhaus Productions | Stone | Getty ImagesRamp, the expense management company recently valued at $7.65 billion, is moving into business travel through a deal with Booking Holdings' Priceline, as the growing number of corporate spend platforms look to retain and...
Alphabet CFO Anat Ashkenazi jumps from GLP-1 boom to generative AI
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyAlphabet's outgoing finance chief, Ruth Porat, spent the past year and a half trying to help her internet company navigate the generative artificial intelligence boom. The person who was...
Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell
Humane, the AI hardware startup founded by ex-Apple designers, is seeking a buyer after its AI Pin's lukewarm debut, according to a source familiar with the matter. The company is currently in talks with HP and other firms, including more than one telecom company, the...
U.S. regulators to open antitrust probes into Nvidia, Microsoft and OpenAI
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty...
Nvidia hits $3 trillion market cap on back of AI boom
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia shares closed up 5% to $1,224.40 on Wednesday, giving the company a market cap above $3 trillion for the first time as investors...
Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp.The...
TSMC affiliate Vanguard to build $7.8 billion Singapore wafer with NXP
A worker moves a wafer bank at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | ReutersTaiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip...
Salesforce to open new AI center in London in UK investment drive
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty ImagesLONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on...
Nvidia passes Apple in market cap
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.David Paul Morris | Bloomberg | Getty ImagesNvidia briefly passed Apple in market cap on Wednesday during intraday trading as the...
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
A view of Google Headquarters in Mountain View, California, United States on April 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesEli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, Google's parent company announced...
Amazon’s first U.S. labor union moves to affiliate with Teamsters
Amazon workers arrive with paperwork to unionize at the National Labor Relations Board office in Brooklyn, New York, Oct. 25, 2021.Brendan Mcdermid | ReutersThe Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, said Tuesday that...
Nium cuts valuation by 30% in funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty ImagesAMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months.The fundraising round was led by an...
Australia drops case against Elon Musk’s X over church stabbing videos
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAustralia on Wednesday announced it had dropped...
Kneron launches latest AI chips in latest challenge to Nvidia, AMD
Albert Liu, founder and CEO of Kneron.Harry Murphy | Sportsfile | Getty ImagesKneron, an artificial intelligence chip startup, launched its next-generation products on Wednesday as it looks to cash in on AI interest from businesses and offer an alternative to giants...
SoftBank shares soar on report Elliott Management’s pushing for buybacks
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...
Starling says no plans to pursue EU bank license, focus on Engine
Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO. Zed Jameson | Bloomberg | Getty ImagesAMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue...
Intel CEO talks of regaining market share
Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years."We want to build everybody's chips, everybody's AI chips. We want them to be built leveraging the U.S....
Databricks is buying data optimization startup Tabular
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Spark and AI Summit in San Francisco in April 2019.DatabricksData analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data...
ThousandEyes launches AI to fix internet outages, teases genAI tool
Surasak Suwanmake | Moment | Getty ImagesCisco's ThousandEyes internet monitoring unit on Monday unveiled new artificial intelligence-powered capabilities it said will allow for much faster prediction and diagnosis of internet outages and disruptions.The company said...
OpenAI open letter warns of AI’s ‘serious risk’ and lack of oversight
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesA group of current and former OpenAI employees published an open letter Tuesday describing concerns...
Meta AI Chief Yann LeCun slams Musk over ‘blatantly false’ promises
Meta's chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO's treatment of scientists and news organizations, and for spreading false conspiracies on social media."I like his cars (I own a 2015...
Elon Musk told Nvidia to ship AI chips reserved for Tesla to X, xAI
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk claims he can grow Tesla into...
Sword Health announces Phoenix conversational AI
Patient using Sword Health.Courtesy: Sword HealthPain management startup Sword Health on Tuesday announced a new artificial intelligence solution named Phoenix that patients can speak with for guidance through virtual physical therapy sessions. Sword, founded in 2015,...
Jeffrey Katzenberg WndrCo raises $460 million
Jeffrey Katzenberg, film producer, at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho.David A. Grogan | CNBCMedia mogul Jeffrey Katzenberg is bullish on technology as he pulls in more money for startup investing. But he's keeping...
Google cuts at least 100 jobs across cloud unit, sources say
Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesAlphabet is laying off employees from several teams in Google's cloud unit, one of its fastest-growing businesses, CNBC has...
Bitcoin miners sink millions into AI business, seek billions in return
Core Scientific's 104 megawatt Bitcoin mining data center in Marble, North CarolinaCarey McKelveyAUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense...
Intel unveils new AI chips as it seeks to take on Nvidia and AMD
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during the Intel Innovation Taipei technology forum in Taipei, Taiwan, on Tuesday, Nov. 7, 2023.Intel last month predicted a return to sales growth in the fourth quarter, fueled by an improving personal...
Microsoft confirms mixed reality layoffs, will keep selling HoloLens 2
Microsoft CEO Satya Nadella speaks at a media briefing at the company's campus in Redmond, Washington, on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday....
