Technology
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...