Technology
Trump delays ending of de minimis trade exemption targeting China
Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China.Vcg | Visual China Group | Getty ImagesPresident Donald Trump signed an executive order on Friday that...
Tax season is back. So are the fake IRS emails, texts and other scams
Tax season has officially started, so you should prepare to file your 2024 tax return, and prepare for the scammers who are already prowling. Don't get baited and hooked.Many people are lax about protecting their personal information online, and there's more reason...
Elon Musk’s X faces criminal probe in France over algorithm concerns
French prosecutors on have opened an investigation into Elon Musk's X over allegations that it distorted its algorithms to manipulate discourse taking place on the social media platform.The Paris public prosecutor's office said it received a report from a French...
Amazon scrubs DEI mention from its annual report
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon has removed any references to diversity and inclusion from its most recent annual report.The company filed...
Doximity shares pop 30% on revenue beat, rosy guidance
Piotr Swat | Lightrocket | Getty ImagesDoximity shares ripped more than 30% higher on Friday, a day after the company reported fiscal third-quarter results that beat Wall Street's expectations for revenue and guidance.Doximity is a digital platform for medical...
Affirm shares soar 16% on revenue beat, surprise profit during holiday
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares jumped 16%...
Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC's David Faber.SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to...
Pinterest shares rocket 19% on strong revenue and user growth
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 19% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion...
NFL goes after Gen Z fans by courting social media content creators
Katie Austin normally publishes fitness content to her Instagram and YouTube channel. But this week, she's been posting a steady trickle of content from New Orleans.That's because Austin, 31, from California, is one of hundreds of creators who have swarmed the Big...
UK orders Apple to let it access encrypted accounts: Washington Post
People lined up outside of Apple Store on University Ave. in Palo Alto, California, United States on September 20, 2024 as Apple's iPhone 16 sales officially begins. Tayfun Coskun | Anadolu | Getty ImagesThe U.K. has ordered Apple to provide officials access to users'...
Amazon’s advertising business grew 18% in the fourth quarter
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon's online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago....
Pinterest shares surge 20% after company beats on fourth-quarter revenue
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue.Here's how the company did, compared to analysts' consensus estimates from LSEG:Revenue: $1.15...
Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty ImagesSales of Tesla's cars to China fell in January, as competition from domestic rivals continued...
Top scientists warn of out-of-control AI
Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC's "Beyond The Valley" in Davos, Switzerland in January 2025.CNBCArtificial general intelligence built like "agents" could prove...
Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in...
Doximity (DOCS) Q3 earnings 2025
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts' expectations for revenue...
Alphabet’s Verily to sell insurance business to Elevance Health
Verily headquarters in San Bruno, California.Courtesy: VerilyVerily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday.Verily is one of...
Amazon expects to spend $100 billion on capital expenditures in 2025
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday it...
AWS earnings Q4 2024
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from its cloud-computing business...
Affirm (AFRM) earnings report Q2 2025
Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG:Earnings per...
DeepSeek can be a force multiplier for smaller AI chip firms
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia's market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup.Several...
Whole Foods cites Trump’s NLRB purge as grounds to reject union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to...
Amazon (AMZN) Q4 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the market close.Here's what analysts are expecting:Earnings:...
Roblox plummets 16% on disappointing bookings, daily active users miss
Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily...
Amazon set to pass Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon long ago passed...
Salesforce picks Robin Washington to be finance, operating leader
Robin Washington speaks on stage during the 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center in San Jose, California, on Feb. 22, 2019.Marla Aufmuth | Wireimage | Getty ImagesSalesforce on Wednesday said former Gilead Sciences...
Fiserv (FI) Q4 2024 earnings report
Fiserv CEO Frank J. Bisignano at the New York Stock Exchange on June 7, 2023.Source: NYSEShares of Fiserv jumped more than 7% on Wednesday to a record after the payments company reported better-than-expected fourth-quarter earnings and issued guidance that also topped...
Qualcomm (QCOM) Q1 earnings report 2025
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm reported better-than-expected fiscal first-quarter results Wednesday and issued strong guidance for the current period.Here's how the chipmaker did...
Google scraps diversity ‘aspirations,’ as a federal contractor
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023.Justin Sullivan | Getty Images News | Getty ImagesGoogle is scrapping its diversity goals, becoming the latest tech giant to alter its...
Temu steers users to ‘local’ products after Trump ends de minimis
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesChinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in...
AMD shares drop 10% on disappointing data center revenue
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices shares fell more than 10% on Wednesday after the chipmaker...
Alphabet shares fall 7% on revenue miss, heightened AI investments
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAlphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street's fourth-quarter revenue expectations and...
Teladoc Health to acquire Catapult Health in $65 million deal
Pavlo Gonchar | Lightrocket | Getty ImagesTeladoc Health on Wednesday announced it will acquire the preventative care company Catapult Health in an all-cash deal for $65 million.Catapult offers an at-home wellness exam that allows members to check their blood...
USPS says it will resume accepting inbound packages from China, Hong Kong
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty ImagesThe U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after...
Stripe closes $1.1 billion Bridge deal, prepares for stablecoin push
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022's Italian Tech Week in Turin, Italy.Giuliano Berti | Bloomberg | Getty ImagesSAN FRANCISCO — What started as a casual roundtable at Stripe's headquarters to discuss issues facing fintech companies turned...
Uber (UBER) Q4 earnings 2024
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCUber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter...
Uber opens ‘interest list’ for Waymo robotaxi rides in Austin
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCRide-hailing and food delivery app Uber is opening its "interest list" to users in Austin, Texas, who want to be...
Match appoints Zillow co-founder Spencer Rascoff as CEO
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesMatch Group announced on Tuesday that Zillow...
AMD earnings report Q4 2024
AMD CEO Lisa Su.Courtesy: AMDAdvanced Micro Devices reported fourth-quarter results on Tuesday that beat Wall Street expectations for sales and earnings, but the stock fell about 6% in extended trading as the company missed estimates in its key data center...
Alphabet will invest about $75 billion in capital expenditures in 2025
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024.Carlos Barria | ReutersAlphabet CEO Sundar Pichai said the company...
Snap Q4 earnings report
Snap shares jumped in extended trading Tuesday after the company reported better-than-expected fourth-quarter results.Here is how the company did compared with Wall Street's expectations:Earnings per share: 16 cents adjusted vs. 14 cents expected, according to...
Trump crypto czar David Sacks says priority is stablecoin legislation
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC.Jabin Botsford | The Washington Post | Getty ImagesAs David Sacks, the newly appointed White House...
Apple shares fall after China reportedly considers probe into App Store
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesApple shares fell on Wednesday after...
Google removes pledge to not use AI for weapons, surveillance
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle has removed a pledge to abstain from using AI for potentially harmful applications, such as...
USPS temporarily suspends some inbound packages from China, Hong Kong
A United States Postal Service employee at work in New York City on Dec. 4, 2023.Brendan Mcdermid | ReutersThe U.S. Postal Service said Tuesday it's temporarily suspending all inbound packages from China and Hong Kong Posts.The change is effective immediately and will...
Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | ReutersJapan's Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, while announcing that it will set up a new company in China to...
Amazon to face legal action after Quebec warehouse closures
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon is set to face legal action from a Canadian union after the company's decision to wind down...
Apple launches app for party invitations in recurring revenue push
Apple CEO Tim Cook gestures as he poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. Louisa Gouliamaki | ReutersApple on Tuesday released a...
Alphabet Q4 earnings report 2024
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.Gonzalo Fuentes | ReutersGoogle parent company Alphabet is...
Spotify shares pop 10% after company reports first profitable year
Spotify's Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024.Laure Andrillon | ReutersSpotify shares climbed 10% Tuesday after the music streaming...
Palantir soars more than 23% as AI powers strong earnings and guidance
Alex Karp, CEO of Palantir Technologies, poses beside the company's logo ahead of an interview with Reuters in the Alpine resort of Davos, Switzerland, on May 23, 2022.Arnd Wiegmann | ReutersPalantir surged more than 23% in premarket trading Tuesday after reporting...
HR unicorn Deel prepares for IPO as soon as 2026
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesHuman resources software firm Deel said it has hit an annual revenue run rate of $800 million and is...
PayPal (PYPL) Q4 earnings
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts' expectations.Here's how the company did compared with Wall Street estimates, based on a survey of...
Tesla shares fall 5% on tariffs, drop in Europe vehicle registrations
Oslo Taxi's Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesTesla shares declined about 5% on Monday...
Palantir (PLTR) Q4 earnings 2024
Alex Karp, CEO of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, on on March 7, 2024.David Paul Morris | Bloomberg | Getty ImagesPalantir shares surged as much as 22% in extended...
Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89
Dick Kramlich, founder of New Enterprise Associates, discusses on "Sexism in the valley" during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty ImagesDick Kramlich, the venture capital pioneer...
DeepSeek breakthrough emboldens open-source AI models like Meta Llama
Omer Taha Cetin | Anadolu | Getty ImagesDeepSeek's powerful new artificial intelligence model isn't just a win for China — it's a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts...
Asia tech stocks rise after Trump pauses tariffs on Canada and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018.Justin Chin | Bloomberg | Getty ImagesAsian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico...
How DeepSeek’s new AI models are impacting the profits of global companies
China's DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the...
China to launch probe into Google over alleged antitrust violations
In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty ImagesChina said Tuesday it will launch an investigation into Google over alleged antitrust violations.The country's State Administration for Market...
Nintendo Switch 2 in focus as gaming giant posts profit miss
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third...
Apple shares fall on concern Trump tariffs on China will hit profit
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.Pedro Pardopedro Pardo | Afp | Getty ImagesApple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company...
Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole
Jakub Porzycki | Nurphoto | Getty ImagesShares of Temu parent PDD Holdings slid more than 5% on Monday, after President Donald Trump's tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers.Trump on...
Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets
TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty ImagesMeme coins plummeted over the weekend as President...
Fintech GoCardless halves loss, targets full-year profit by 2026
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it's aiming to reach full-year profitability by 2026.The London-based startup, which helps...
Bitcoin slides toward $90,000 after Trump orders tariffs
U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price of bitcoin was last lower by 7%...
EU kicks off landmark AI Act enforcement as first restrictions apply
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act.Jaque Silva | Nurphoto | Getty ImagesThe European Union formally kicked off enforcement of its landmark artificial intelligence...
Why deleting China’s DeepSeek AI may be next for millions of Americans
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty Images News | Getty...
DeepSeek Nvidia chip questions: Singapore responds
Singapore's Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China's DeepSeek to produce its AI model.Markets were rocked...
Google offers ‘voluntary’ buyouts to hardware and platform teams
Google's Senior Vice President Hardware, Rick Osterloh, speaks during a launch event in San Francisco, October 4, 2017.Stephen Lam | ReutersGoogle is offering buyouts to employees in its "Platforms and Devices" unit ahead of expected cuts.That unit includes more than...
Atlassian pops 20% on better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 20% in premarket trading after blowing past Wall...
TikTok Traffic Bounces Back as Creators Diversify Amid Shutdown Fears
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersTikTok has nearly bounced back to its original traffic levels after usage fell 85% when the app temporarily shut...
OpenAI in talks to raise up to $40 billion at $340 billion valuation
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025.Carlos Barria | ReutersOpenAI is in talks to raise up to...
Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty ImagesApple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business.In its fiscal first-quarter earnings report on Thursday, Apple reported a...
Instagram tests Reels pause feature as TikTok remains in limbo
Nurphoto | Nurphoto | Getty ImagesMeta is testing a long-awaited pause feature on Instagram Reels that will allow users to start and stop videos with just one tap.The new feature is the latest sign that Meta is looking to capitalize on TikTok's uncertain future in the...
Apple points to ‘fiscal stimulus’ after steep China sales decline
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis.It was the worst quarter by growth rate since the December quarter a year ago, and marks the sixth straight quarter of declines in Apple's...
Intel (INTC) Q4 earnings report 2024
Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours.Here's how the company did in the fourth quarter compared with LSEG estimates:Earnings per share: 13 cents adjusted vs. 12...
Samsung flags chip slowdown as profit drops sharply from previous quarter
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three months as it ramps up R&D...
Crypto PAC Fairshake has $116 million on hand for 2026 election
Fairshake, the super PAC bankrolled by crypto's biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.The fundraising total, which includes $11 million in new contributions, cements Fairshake as...
Apple (AAPL) Q1 earnings 2025
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple reports December-quarter earnings Thursday after...
UPS shares tank after weak guidance, plan to slash Amazon deliveries
Amazon Prime and UPS trucks are seen on a building in Washington DC, United States on July 12, 2024. Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service plunged more than 17% Thursday after the company issued weak revenue guidance for the year and...
IBM jumps nearly 13%, heads for best day since 2000 on strong earnings
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | ReutersIBM surged 14% Thursday on the back of a strong fourth-quarter print that showed...
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday.The...
OpenAI partners with U.S. National Laboratories on scientific research
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | ReutersOpenAI on Thursday said the U.S....
Why LA’s water system failed during Palisades Fire
As thousands of homes started to burn across Los Angeles on Jan. 7, fire hydrants stopped working. The rapid spread of flames in winds up to 100 miles per hour was happening too quickly for water pumps to keep up. It shocked the system and those fleeing the...
China’s DeepSeek has some big AI claims; not all experts are convinced
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI's and cost a fraction of the price to build.The assertions — specifically that DeepSeek's large language model cost just $5.6 million to train — have...
Amazon cuts some jobs in its communications, sustainability units
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon is laying off some employees in its communications and sustainability units, an executive overseeing the...
Meta’s Reality Labs posts $5 billion loss in fourth quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to lose billions of dollars developing the virtual reality and augmented...
IBM shares rise 9% on earnings beat
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.Yves Herman | ReutersIBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and...
Mark Zuckerberg starts Meta earnings call by praising Trump
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Tesla CFO says tariffs would ‘have an impact’ on profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersPresident Donald Trump campaigned on a promise to slap tariffs on goods from many...
Meta won’t slow AI spending despite DeepSeek’s breakthrough
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Wednesday said it's too early to tell what impact DeepSeek's...
Tesla reports $600 million profit boon from digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024.Joe Skipper | ReutersTesla's bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for...
Microsoft (MSFT) Q2 earnings report 2025
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024.Brendan McDermid | ReutersMicrosoft will report fiscal second-quarter results after the U.S....
Tesla TSLA 2024 Q4 earnings
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty ImagesTesla plans to release fourth-quarter results after the bell...
Meta Q4 earnings report 2024
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading.Here is what analysts...
Britain takes stake in SpaceX rival Orbex to boost space ambitions
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets.Michal Wachucik | AFP via Getty ImagesThe U.K. government announced Wednesday a £20 million ($24.8 million)...
ASML CEO sees low-cost AI models like DeepSeek driving more demand
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China's DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday.ASML beat estimates on both sales and profit for the...
U.S. Navy bans use of DeepSeek AI: ‘Imperative’ to avoid using
Samuel Boivin | Nurphoto | Getty ImagesThe U.S. Navy has instructed its members to avoid using artificial intelligence technology from China's DeepSeek, CNBC has learned.In a warning issued by email to "shipmates" on Friday, the Navy said DeepSeek's AI was not to be...
Google reclassifies U.S. as ‘sensitive country’ like China, Russia
Jaque Silva | Nurphoto | Getty ImagesGoogle's maps division on Monday reclassified the U.S. as a "sensitive country," a designation it reserves for states with strict governments and border disputes, CNBC has learned. The new classification for the U.S. came after...
Qorvo (QRVO) Q3 earnings report, weakness at Apple
Qorvo logo of a US semiconductor company is seen displayed on a smartphone and pc screen.Sopa Images | Lightrocket | Getty ImagesShares of semiconductor supplier Qorvo, which counts on Apple for an outsized amount of revenue, plunged in extended trading after the...
23andMe is exploring strategic alternatives, looking to raise capital
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesEmbattled genetic testing company 23andMe said on Tuesday...
Tesla shareholders want answers about Musk salute, role in Trump WH
U.S. President-elect Donald Trump greets Tesla CEO and X owner Elon Musk during a rally the day before Trump is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | ReutersTesla's fourth-quarter earnings report lands...
ASML earnings report Q4 2024
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Peter Boer | Bloomberg | Getty ImagesDutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong...
Google employees petition for ‘job security’ ahead of expected cuts
The Google logo is displayed during the Made By Google event at Google headquarters on August 13, 2024 in Mountain View, California. Justin Sullivan | Getty ImagesGoogle employees have begun circulating an internal petition titled "job security" ahead of expected cost...
OpenAI launches ChatGPT Gov for U.S. government agencies
OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It's called ChatGPT Gov and was built specifically for U.S. government use.The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security....
Microsoft’s underperformance has investors looking to cloud for growth
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft is in the middle of the artificial intelligence boom, but it's been a while since investors have seen...
UK raises cloud competition concerns, singles out Microsoft and Amazon
Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said.Cesc Maymo |...
Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.'s high-bandwidth memory chips, a final required...
Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit.Leigh Vogel | Getty Images Entertainment | Getty ImagesAmazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced...
Google Maps to show Gulf of America after government updates
The Gulf of Mexico as seen on Google Maps.Source: Google MapsGoogle said Monday it will change the name of the Gulf of Mexico to "Gulf of America" in Google Maps after the Trump administration updates its "official government sources."The company also said it will...
Japan chip stocks extend losses as DeepSeek worries fuel Wall Street tech rout
A sales clerk shows off Elpida Memory Inc. memory chips at an electronics shop in Tokyo, Japan, on Thursday, March 5, 2009.Tomohiro Ohsumi | Bloomberg | Getty ImagesShares in Japan's chip-related companies extended declines for a second day as Chinese startup...
Whole Foods workers vote to form Amazon chain’s first union
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods employees at a Philadelphia store voted to form a union Monday night, marking the...
SoftBank-backed TravelPerk doubles valuation, plans fintech push
TravelPerk CEO and co-founder Avi Meir.TravelPerkTravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC.The fresh financing doubles TravelPerk's...
Apple turns its AI on by default in latest software update
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple on Monday...
DeepSeek hit with large-scale cyberattack, says it’s limiting registrations
DeepSeek on Monday said it would temporarily limit user registrations "due to large-scale malicious attacks" on its services, though existing users will be able to log in as usual. The Chinese artificial intelligence startup has generated a lot of buzz in recent weeks...
Here’s what you should know
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI's coveted spot as the most-downloaded free app in the U.S. on Apple's App Store, dethroning ChatGPT for DeepSeek's AI Assistant. Global tech stocks sold-off and were on pace to wipe out...
Trump tariffs could raise prices on laptops, smartphones and AI
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty ImagesThe world's most valuable chipmaker and the world's largest contract manufacturer for...
Bitcoin tumbles below $98,000 in risk-off move as Nasdaq stocks are crushed
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesCryptocurrencies tumbled to begin the final week of January, with the market in a cooling period after running to a new record and pulled...
Perplexity Tiktok revised merger proposal
Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag.Nurphoto | Nurphoto | Getty ImagesPerplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new...
After TikTok, your home WiFi may be next Chinese tech ban target
The logo of TP-Link appears on the products of router manufacturer TP-Link in Fuyang, China, on December 19, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesWhile the TikTok ban has lawmakers scurrying and chatter about Chinese...
Meta is paying creators to promote Instagram on other video apps
Instagram added a new short-form video feature to the image-focused platform in a direct challenge to TikTok.Chris Delmas | AFP | Getty ImagesMeta is offering deals to creators to promote Instagram on other short-form video apps, including TikTok, Snapchat and...
Crypto gets quick return on Trump investment after funding campaign
FRANCE - 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images)Romain Doucelin | Getty ImagesCrypto executives,...
Alphabet shares close above $200 for first time since stock split
Sundar Pichai, CEO of Alphabet Inc.Kyle Grillot | Bloomberg | Getty ImagesAlphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company's opportunities in artificial intelligence.The stock gained 1.1% on...
Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday.The experiment marks Meta's first run at generating revenue from Threads....
Twilio shares pop 22%, head for biggest gain since 2020 on growth forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioTwilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications...
Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | ReutersMeta CEO Mark Zuckerberg on Friday announced the company plans to...
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty ImagesAfter years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The...
How China’s new AI model DeepSeek is threatening U.S. dominance
A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America's best despite being built more cheaply and with less-powerful chips. DeepSeek, as the lab is called, unveiled a free, open-source...
Trump crypto plans have Wall Street CEOs excited about digital assets
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025.Paul Yeung | Bloomberg | Getty ImagesJust days...
Twilio stock surges after company issues optimistic 2027 forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioCloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years.The company sees its adjusted operating margin...
Trump signs executive order on crypto, digital asset stockpile
U.S. President Donald Trump holds a signed executive order on cryptocurrencies in the Oval Office of the White House in Washington on Jan. 23, 2025.Kevin Lamarque | ReutersPresident Donald Trump signed an executive order on Thursday to promote the advancement of...
Tesla starts sales of revamped Model Y in U.S. for about $60,000
Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the company's website.The Model Y Juniper has a price tag of $59,990, not including a federal tax credit of $7,500 for new electric vehicle...
Trump is searching for potential TikTok buyers — who are the likely contenders?
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersPresident Donald Trump wants a U.S. investor to take a major stake in ByteDance's TikTok. Several parties are in...
OpenAI Operator agent can automate tasks such as vacation planning
OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks such as planning vacations, filling out forms, making restaurant reservations and ordering groceries.The tool, announced on Thursday, is called Operator. OpenAI describes it as...
Google restores Joe Biden to list of US presidents after ‘data error’
David Gray | Bloomberg | Getty ImagesGoogle on Thursday blamed a "data error" after users reported that former President Joe Biden was missing from the company's search results.Users on Wednesday noticed that results for search queries that included "US Presidents,"...
Ivanka Trump warns investors that meme token bearing her name is fake
Hakan Nural | Getty ImagesIvanka Trump, the daughter of President Donald Trump, is warning investors against buying a fraudulent crypto coin bearing her name."It has come to my attention that a fake crypto coin called 'Ivanka Trump' or '$IVANKA' is being promoted...
EA shares plunge 19%, on track for worst day since dot-com bubble
A sign is posted in front of the Electronic Arts headquarters in Redwood City, California, on March 30, 2023.Justin Sullivan | Getty ImagesShares of Electronic Arts headed for their steepest drop since 1999 after the video game publisher cut its full-year bookings...
Scale AI CEO says China has quickly caught the U.S. with DeepSeek
The U.S. may have led China in the artificial intelligence race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed.Wang, whose company provides training data to key AI players including OpenAI, Google and Meta,...
Apple and Google hit with UK antitrust probe into mobile ecosystems
Omar Marques | Lightrocket | Getty ImagesLONDON — Britain's competition regulator on Thursday launched an investigation into Apple and Google's huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.'s strict new digital competition...
EA lowers Q3 guidance as soccer and other games ‘underperformed’
Visitors play the 'EA Sports FC 25' game in front of a placard with England's midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany on Aug. 21, 2024. Ina Fassbender | AFP | Getty...
Microsoft’s business development chief Chris Young resigns
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions...
Nvidia supplier SK Hynix posts record quarterly profit on strength of AI boom
Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSouth Korea's SK Hynix, one of the largest memory chipmakers in the world, posted record quarterly earnings Thursday on the back of strong sales of...
Here’s why you’re suddenly following President Trump on Instagram
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Google agrees to new $1 billion investment in Anthropic
Dario Amodei, Anthropic CEO, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCGoogle has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a source familiar...
specs, price, release date, AI features
Samsung S25 Ultra on display at one of Samsung's stores in London, U.K. Samsung has boosted the capabilities of the S25 on the Ultra model.Arjun Kharpal | CNBCSamsung Electronics on Wednesday launched its latest flagship smartphones — the Galaxy S25 series — touting a...
Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi.DatabricksData analytics software startup Databricks said Wednesday that Meta has signed on as an investor.As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta...
Abnormal Security hires former ServiceNow executive to be CFO
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it's hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO.Abnormal is going after a longstanding...
How Bluesky, Twitter’s one-time side project, is challenging X
Billionaire Mark Cuban, New York Democratic Rep. Alexandria Ocasio-Cortez and author Stephen King are all now on Bluesky. The social media platform is the brainchild of Twitter co-founder Jack Dorsey, who conceived Bluesky as a side project inside Twitter in 2019....
UK replaces CMA chair with ex-Amazon boss after anti-growth criticism
Doug Gurr, Amazon's former U.K. head, has been appointed chair of the Competition and Markets Authority.David M. Benett | Getty Images for AmazonLONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations...
Reddit shares rise 7%, hit record as Raymond James raises price target
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty...
Stripe cuts 300 jobs in product, engineering and operations
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesStripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed....
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024.Jaap Arriens | Nurphoto | Getty ImagesPresident Donald Trump said on Tuesday that he'd consider the possibility of Tesla CEO...
Microsoft loses status as OpenAI’s exclusive cloud provider
From left, President Donald Trump, Oracle Executive Chairman Larry Ellison, SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman appear in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced a joint venture to fund artificial...
Kevin O’Leary says he will ‘love to do a TikTok deal’
Kevin O'Leary is seen in Midtown Manhattan, New York City, on May 28, 2024. James Devaney | Gc Images | Getty ImagesCanadian investor Kevin O'Leary is still interested in a TikTok deal, but it's not possible under current law, he told CNBC, as President Donald Trump...
Trump meme coin gives crypto greenlight to return to days of NFT bubble
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Paul Yeung | Bloomberg | Getty...
Oracle shares surge on involvement in US AI infrastructure initiative
Oracle co-founder Larry Ellison, center, watches Andy Murray of Great Britain against Alexander Zverev of Germany during their third round match on Day 9 of the BNP Paribas Open at the Indian Wells Tennis Garden on October 12, 2021 in Indian Wells, California.Clive...
Nvidia passes Apple again to become world’s most valuable company
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Why U.S. companies struggle to replicate China’s WeChat ‘super app’
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks.Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop...
Bitcoin slips, Trump token plunges over 20% as crypto market cools
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesBitcoin and...
Trump crypto-fueled inauguration makes family billions of dollars
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening.MacKenzie SigalosAs the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming...
Tesla lost $15 billion in brand value in 2024, Brand Finance found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesThe value of Tesla's brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and...
TSMC confident in continued CHIPS Act funding under Trump, says CFO
TSMC Arizona's first chip fab on November 7, 2024Katie TarasovU.S. President-elect Donald Trump has accused Taiwan of "stealing" his country's chip industry. But Taiwan's biggest chip company is confident the Trump administration will continue funding its projects in...
Bitcoin jumps to a new record above $109,000 as traders cheer Trump inauguration, meme coins
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin hit a new all-time high overnight after the incoming first couple launched a pair of meme coins and as traders await the inauguration of incoming President Donald Trump.On Monday the flagship cryptocurrency was last...
Trump provides assurances company needed
TikTok was available to some U.S. users on Sunday after President-elect Donald Trump said that he would sign an executive order on Monday to delay a federal ban of the app.In a statement on X, the company wrote that it would bring back access to its American users....
LA wildfires put Stand in spotlight as homeowners seek insurance
An aerial view of repair vehicles at sunset passing near beachfront homes that burned in the Palisades Fire as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California. Mario Tama | Getty ImagesMidway through December, tech...
Perplexity AI makes a bid to merge with TikTok U.S.
Jakub Porzycki | Nurphoto | Getty ImagesPerplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to create a new merged entity combining Perplexity, TikTok U.S. and new capital partners, CNBC has learned.The new...
Apple, Google remove TikTok from stores as app halts service in U.S.
Apple and Google removed TikTok from their app stores Saturday night, complying with a law requiring China's ByteDance to divest the social app or see it face an effective ban in the U.S. The Apple App Store and the Google Play store's removal of TikTok means people...
Solana surges 12% on launch of Trump-themed memecoin, ether falls
The Solana logo on a phone screen and representation of cryptocurrencies are seen in this photo taken in Krakow, Poland, Aug. 21, 2021.Jakub Porzycki | NurPhoto | Getty ImagesSolana's SOL token rocketed after a memecoin linked to President-elect Donald Trump launched...
Google Maps turns 20, adds AI features, new countries to beat Apple
Two decades ago, Google co-founder Larry Page had an idea that would forever change the way we navigate the world."Larry drove down some of these streets with a video camera and handed it to someone and said, 'Hey, what can you do with this?'" said Maria Biggs,...
GLP-1s, Brian Thomson killing loom large at JPM Health
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesSan...
TikTok creators post farewell videos to their fans ahead of U.S. ban
With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans."I never even in a million years ever thought that anybody would ever just care about what I say," Kimberly Rhoades, a creator of humorous...
TikTok says it will go dark on Sunday unless Biden intervenes
Beata Zawrzel | Nurphoto | Getty ImagesTikTok said its services will go dark on Sunday without a guarantee from the Biden administration that it won't punish Apple, Google and other service providers if they support the app."Unless the Biden Administration immediately...
Crypto firm DCG to pay SEC $38.5 million for misleading investors
Barry Silbert, founder and chief executive officer of Digital Currency Group Inc., speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019.Bloomberg | Bloomberg | Getty ImagesDigital Currency Group, the crypto...
Sam Altman posts letter from senators concerned about OpenAI donations
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesU.S. Senators on Friday expressed concern to OpenAI CEO Sam Altman that...
This startup plans to recycle aluminum from cars and keep it all in the U.S.
The drive to recycle just about everything is gaining ground, but the process — separating out all the different materials and item types — can be both confusing and tedious for consumers. For industrial recycling, it can be even more cumbersome.Scrap metal, in...
Supreme Court rules to uphold TikTok ban, setting stage for shutdown
The Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday or face an effective ban of the popular social video app in the U.S.ByteDance has so far refused to sell TikTok, meaning many U.S. users could lose access...
Bumble founder Whitney Wolfe Herd to return as CEO
Whitney Wolfe Herd speaks onstage in Dana Point, California.Joe Scarnici | Getty Images EntertainmentBumble founder Whitney Wolfe Herd will return to the company as CEO, a little over a year after she stepped down from the role, the company announced Friday.The...
Bitcoin gains as Trump reportedly plans crypto executive order
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as day 1 of his new term.The price of the flagship...
Why tech companies like Amazon, Google and TSMC are in Phoenix
Tech might not be the first thing that comes to mind when one pictures Phoenix. The city is better known for its golf courses, Major League Baseball's Spring Training, retirement appeal and scorching heat. But its growth into an innovation hub has been quietly playing...
Honor CEO George Zhao resigns due to personal reasons
George Zhao, Chief Executive Officer of Chinese consumer electronics brand Honor, smiles as he shows the new Honor Magic 6 Pro smartphones during a presentation on the eve of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in...
Many banks aren’t ready for tough new EU cybersecurity law
Traffic_analyzer | Digitalvision Vectors | Getty ImagesTough new European Union regulations requiring banks to bolster their cybersecurity systems officially come into effect Friday — but many of the bloc's financial services firms aren't yet in full compliance with...
Amazon lays off about 200 employees in its stores unit
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is laying off roughly 200 employees in its North America...
Apple has worst day since August, down 11% from December peak
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty ImagesApple stock closed down 4% on Thursday, its worst...
Duolingo shares climb 7% as users swarm to app to learn Mandarin
A Duolingo logo is seen on a smartphone.Pavlo Gonchar | LightRocket | Getty ImagesDuolingo shares rose nearly 7% on Thursday following a large spike in users signing up to learn Mandarin in conjunction with soaring usage of Chinese social media app RedNote, a TikTok...
Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
Snap CEO Evan Spiegel, joins CNBC 'Power Lunch' on September 17, 2024.CNBCSnap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.The FTC's non-public complaint involves...
Apple disables AI notifications for news in its beta iPhone software
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware. (Justin Sullivan |...
Henna Virkkunen denies taking a softer approach to Big Tech as Trump returns
A leading EU official has denied taking a softer approach to Big Tech, citing a "very clear legal basis" for regulators and pointing to several ongoing investigations into the likes of social media platform X and Meta.The FT reported earlier this week that the EU was...
Small-cap crypto rises ahead of Trump inauguration, bitcoin trades near $100,000
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump's inauguration.XRP and litecoin were among the biggest movers, up 13% and 22%, respectively,...
Merit Systems raises $10 million from a16z, Blockchain Capital
Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz's crypto fund and Blockchain Capital.Sam RagsdaleInside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the...
Nintendo announces Switch 2 console with bigger screen and controllers
The Nintendo Switch 2 docked with a TV behind it.NintendoNintendo on Thursday said its long-awaited new Switch 2 hybrid will be available this year, touting a bigger screen and controllers, as the company looks to breathe new life into its struggling hardware...
TikTok CEO expected to attend Trump’s inauguration, NBC reports
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled "TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms," as lawmakers scrutinize the Chinese-owned video-sharing app,...
Freetrade acquired up by IG Group at 29% valuation discount
The Freetrade application on a smartphone and desktop PC.FreetradeLONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it's been acquired by online investing platform IG Group.The deal values Freetrade at £160 million ($195...
Biden administration launches cybersecurity executive order
US President Joe Biden, left, and Antony Blinken, US secretary of state, speak on the ceasefire deal between Israel and Hamas, in the Cross Hall of the White House in Washington, DC, US, on Wednesday, Jan. 15, 2025. Israel and Hamas agreed to a ceasefire deal,...
YouTube donating $15 million to support LA, creators impacted by fires
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | ReutersGoogle and YouTube will donate $15 million to support the Los Angeles community and content...
How VPNs might allow Americans to continue using TikTok
If TikTok does indeed go dark on Sunday for Americans, there may be a tool for them to continue accessing the popular social app: VPNs. The Chinese-owned app is set to be removed from mobile app stores and the web for U.S. users on Sunday as a result of a law signed...
Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | ReutersGoldman Sachs CEO David Solomon says there's an end in sight to the multi-year IPO drought."It's going to pick up," Solomon...
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles,...
TSMC fourth-quarter profit beats expectations on strong AI chip demand
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company's fourth-quarter...
TikTok’s U.S. unit could be worth as much as $50 billion in a sale
Jakub Porzycki | Nurphoto | Getty ImagesBusiness moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme...
From Gmail to Word, your privacy settings and AI in a new relationship
The Microsoft 365 website on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Bloomberg | Bloomberg | Getty ImagesThe beginning of the year is a great time to do some basic cyber hygiene. We've all been told to patch, change passwords, and update...
Bitcoin approaches $100,000 again as a cool inflation reading fuels risk appetite
Mustafa Ciftci | Anadolu via Getty ImagesBitcoin extended its rebound on Wednesday, hovering just below $100,000 after another encouraging inflation report fueled investors' risk appetite.The price of the flagship cryptocurrency was last higher by more than 2% at...
Microsoft launches consumption-based Microsoft 365 Copilot Chat
Microsoft Chairman and CEO Satya Nadella speaks during the Microsoft May 20 Briefing event at Microsoft in Redmond, Washington, on May 20, 2024. Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into...
Microsoft pauses hiring in U.S. consulting unit, memo says
Executive Chair and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Jakarta, Indonesia, on April 30, 2024.Ajeng Dinar Ulfiana | ReutersMicrosoft plans to pause hiring in part of its consulting business in the U.S.,...
Intel to spin off venture capital arm, can raise outside money
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker.Turning Intel Capital, which has $5 billion in assets, into a standalone fund will...
SEC sues Musk, alleges failure to properly disclose Twitter ownership
Beata Zawrzel | Nurphoto | Getty ImagesThe SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at...
AI video platform Synthesia doubles valuation to $2.1 billion
Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages.SynthesiaLONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised...
These Chinese apps have surged in popularity in the U.S. A TikTok ban could ensnare them
Lemon8, a photo-sharing app by Bytedance, and RedNote, a Shanghai-based content-sharing platform, have seen a surge in popularity in the U.S. as "TikTok refugees" migrate to alternative platforms ahead of a potential ban. Now a law that could see TikTok shut down in...
Crypto ETFs have opening to innovate in 2025, but demand may be weak
Omer Taha Cetin | Anadolu | Getty ImagesCrypto ETFs may be entering a year of innovation, with new funds and new approaches, but don't expect demand to match what was seen in the first year of bitcoin ETFs.Bitcoin exchange-traded funds debuted a year ago and have been...
Musk, Zuckerberg and Bezos will attend Trump inauguration
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024.Anna Moneymaker | Getty ImagesTesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump's...
OpenAI says BlackRock exec Adebayo Ogunlesi is joining board
Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC.Pool...
Meta targeting lowest-performing employees in latest round of layoffs
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024.Manuel Orbegozo | ReutersMeta is set to cut about 5% of its workforce, focusing on the company's...
Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
Jonathan Raa | Nurphoto | Getty ImagesBitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading.On Tuesday the price of the flagship cryptocurrency rose 4.5% to $97,044.35, according to Coin Metrics, after sliding below...
Biden opens federal land for AI data centers, sets developer rules
U.S. President Joe Biden delivers a speech at the State Department in Washington, U.S. Jan. 13, 2025. Evelyn Hockstein | ReutersPresident Joe Biden issued an executive order Thursday aimed at speeding domestic construction of artificial intelligence infrastructure and...
Wildfires in LA force GOES app developer to use technology in crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | ReutersFor almost two years, Viktor...
Klarna scores global payment deal with Stripe ahead of blockbuster IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up...
UK antitrust regulator opens probe into Google’s search services
Anadolu | Anadolu | Getty ImagesLONDON — Britain's competition watchdog on Tuesday said that it's opening a formal antitrust investigation into Google's search and search advertising services.The Competition and Markets Authority said that it's looking to assess...
IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC.Anjali Sundaram | CNBCBarry Diller's IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.IAC said it expects the transaction to close in the second quarter of the year. The...
As TikTok faces U.S. ban, China’s RedNote tops Apple app store
Chinese social media app RedNote has skyrocketed to the top of Apple's app store, underscoring concerns that TikTok will soon be effectively banned in the U.S.RedNote, or Xiaohongshu, as it's known in China, is the No. 1 free app on the Apple app store as of Monday,...
China considers selling TikTok U.S. operations to Musk: Bloomberg
Jakub Porzycki | Nurphoto | Getty ImagesThe Chinese government is considering a plan that would have Elon Musk acquire TikTok's U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday.The contingency plan is one of several...
UK will ‘do own thing’ on AI regulation — what could that mean?
Jaque Silva | Nurphoto | Getty ImagesLONDON — The U.K. says it wants to do its "own thing" when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers."It's really important that we as the U.K....
Ahead of TikTok ban, Instagram to prioritize original content: Mosseri
Adam Mosseri, FacebookBeck Diefenbach | ReutersAdam Mosseri, the head of Meta's Instagram, said on Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025.His comments came in a video Mosseri posted outlining...
New tool will help fight health insurance denials
The Waystar team celebrates its IPO at the Nasdaq2024 Nasdaq, Inc. / Vanja SavicHealth-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious...
AWS and General Catalyst partner to speed development
Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon Web Services and venture capital firm General Catalyst on...
Bitcoin accelerates its slide, falling to $90,000 to start the week
Bitcoin dropped to the $90,000 mark to start the week, extending weekend losses as investors continued to dump tech stocks.The price of the flagship cryptocurrency was last lower by 4% at $90,413.80, according to Coin Metrics, bringing its losses since Saturday to...
Britain wants to become global AI leader, build domestic OpenAI rival
Britain's Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024.Leon Neal | Via ReutersLONDON — The U.K is looking to build a homegrown...
What to expect from new crypto legislation on the crime side of it
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.Kevin Wurm | ReutersWith the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto...
TikTok creators ask followers to migrate ahead of ban to Meta, YouTube
Jakub Porzycki | Nurphoto | Getty ImagesBefore Jack Nader started posting beauty videos on TikTok in 2023, he was working as a Starbucks barista in Chicago and living at home with his parents. But after Nader, who's now 21, started taking his videos seriously in April...
Mark Zuckerberg slams Apple on its lack of innovation and ‘random rules’
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and "random rules" in a lengthy...
Meta had to ‘bend the knee to Trump’ ahead of inauguration
Jakub Porzycki | Nurphoto | Getty ImagesMark Zuckerberg's announcement this week that Meta would pivot its moderation policies to allow more "free expression" was widely viewed as the company's latest effort to appease President-elect Donald Trump. More than any of...
Amazon to shut down Stitch Fix competitor ‘Prime Try Before You Buy’
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon is shutting down "Prime Try Before You Buy," a competitor to...
Amazon to halt some of its DEI programs: Internal memo
Amazon said it is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have made similar moves in the face of increasing public and legal scrutiny.In a Dec. 16 internal note to staffers that was obtained by CNBC,...
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024.M. Scott Brauer | Bloomberg | Getty ImagesTesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its...
Apple’s market share slides in China, iPhone shipments decline: Kuo
Jaap Arriens | Nurphoto | Getty ImagesApple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%."Apple has adopted a cautious stance when discussing 2025 iPhone...
Mark Zuckerberg says Biden pushed Meta to remove posts on vaccines
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg told Joe Rogan in a podcast published Friday that his company was pressured by the Biden...
Meta announces end of its DEI programs
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersMeta on Friday told employees that its plans to end a number of internal...
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China.TeslaTesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals.The Model Y will start at 263,500 Chinese yuan...
Nvidia’s tiny $3,000 computer for AI developers steals the show at CES
Nvidia CEO Jensen Huang speaks about the Project Digits personal AI supercomputer for researchers and students during a keynote address at the CES tech conference in Las Vegas, Jan. 6, 2025.Patrick T. Fallon | Afp | Getty ImagesNvidia CEO Jensen Huang was greeted as a...
Supreme Court set to hear oral arguments on challenge to TikTok ban
Tik Tok creators gather before a press conference to voice their opposition to the "Protecting Americans from Foreign Adversary Controlled Applications Act," pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S.,...
TSMC beats sales estimates as AI chip boost continues
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023.Brendan Mcdermid | ReutersTaiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst...
Elon Musk promotes, hosts Alternative for Germany candidate on X
Alice Weidel, co-leader of the far-right Alternative for Germany (AfD) political party, arrives to speak to the media with AfD co-leader Tino Chrupalla shortly after the AfD leadership confirmed Weidel as the party's candidate for chancellor on December 07, 2024 in...
Microsoft contributes $1 million to Trump’s inauguration fund
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017.Nicholas Kamm | AFP | Getty ImagesMicrosoft said Thursday that it's contributing $1 million to...
Ubisoft appoints advisors to explore options after buyout report
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesFrench video game publisher Ubisoft said Thursday it's appointing advisors to review and pursue strategic options after a report last year suggested that its majority backers were...
Billionaire Frank McCourt’s Project Liberty bids for TikTok
Jakub Porzycki | Nurphoto | Getty ImagesJust 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt's internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese...
Google donates $1 million to Trump’s inauguration fund
Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle donated $1 million to President-elect Donald Trump's inauguration fund, becoming the latest major...
Amazon to expand ad unit by letting retailers use ad tools on stores
BARCELONA, SPAIN - MARCH 2: The Amazon ads logo, the advertising solutions service formerly known as AMD or Amazon Marketing Services, during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto |...
Cohere sees big AI opportunity in enterprise, away from ChatGPT
Omar Marques | Lightrocket | Getty ImagesCohere co-founder Nick Frosst is surrounded by chatter of artificial general intelligence, or AGI. He's perfectly happy to stay out of the conversation.Founded in 2019, by ex-Google AI researchers, Cohere is valued in the...
Nvidia CEO Jensen Huang is ‘dead wrong’ about quantum: D-Wave CEO
D-Wave Quantum CEO Alan Baratz said Nvidia's Jensen Huang is "dead wrong" about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.Huang was asked Tuesday about Nvidia's strategy for quantum computing. He said Nvidia...
Microsoft confirms performance-based job cuts across departments
Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is cutting a small percentage of jobs across departments, based on performance, the company...
Ebay shares soar as Meta allows listings on Facebook Marketplace
A sign is posted in front of the eBay headquarters in San Jose, California.Justin Sullivan | Getty ImagesShares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace, its popular platform connecting consumers for...
Amazon workers in North Carolina to hold union vote next month
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days, at an Amazon fulfillment center in Orlando, Florida, on Dec. 2, 2024.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon warehouse workers at a site in North...
Apple AI fake news alerts highlight the tech’s misinformation problem
Jaap Arriens | Nurphoto | Getty ImagesAn artificial intelligence feature on iPhones is generating fake news alerts, stoking concerns about the technology's ability to spread misinformation.Last week, a feature recently launched by Apple that summarizes users'...
Meta employees criticize company’s new speech policy, board additions
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesMeta employees took to their internal forum Tuesday, criticizing the company's decision to end third-party...
OpenAI’s Sam Altman denies sexual abuse allegations made sister, Ann
OpenAI CEO Sam Altman visits "Making Money With Charles Payne" at Fox Business Network Studios in New York on Dec. 4, 2024.Mike Coppola | Getty ImagesOpenAI CEO Sam Altman's sister, Ann Altman, filed a lawsuit on Monday, alleging that her brother sexually abused her...
Bitcoin drops below $98,000 as Treasury yields pressure risk assets
Nicolas Economou | Nurphoto | Getty ImagesBitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics. The broader market of...
Hims & Hers donates $1 million to Donald Trump’s inauguration fund
Hims & Hers Health has donated $1 million to President-elect Donald Trump's inauguration fund, CNBC confirmed Tuesday.The company, which offers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the...
Meta eliminates third-party fact checking, moves to ‘Community Notes’
Meta on Tuesday announced it will eliminate its third-party fact checking program to "restore free expression" and move to a "Community Notes" model, similar to the system that exists on Elon Musk's platform X.The company said Community Notes will be written and rated...
UFC’s Dana White joins Meta’s board weeks before Trump takes office
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesDana White, CEO of the Ultimate Fighting Championship and a longtime friend of President-elect Donald Trump, is joining the board of Facebook parent...
Samsung Electronics banks on AI to outpace global growth in smartphones, home appliances
Samsung Electronics plans to ramp up its on-device AI business, with the aim of exceeding global market growth in the consumer electronics segment this year.The global consumer electronics market for smartphone, TV and home appliances will grow roughly 3% in 2025,...
Nvidia releases Blackwell gaming chips for PCs called RTX 50-series
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company
Jonathan Raa | Nurphoto | Getty ImagesShares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of "Chinese military companies" by the U.S. Department of Defense.The move mirrors an 8% fall in Tencent's...
Latin American Stripe rival dLocal acquires UK payments license
DLocal is one of Latin America's most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay.Sopa Images | Lightrocket | Getty ImagesLONDON — Uruguayan payments firm dLocal...
Cryptocurrencies rise to start the week, bitcoin jumps above $102,000
The photo illustration shows the Bitcoin cryptocurrency on November 12, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe price of bitcoin leapt back above $100,000 to start the first full trading week of the new year.The flagship cryptocurrency was...
Amazon’s Ring announces smart smoke alarm as CES kicks off
Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty ImagesAmazon's Ring is partnering with fire safety product maker Kidde to launch a connected smoke alarm, the company announced Monday at...
Global chip stocks climb on Foxconn results, AI server demand
Jakub Porzyck | Nurphoto | Getty ImagesGlobal semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run.Hon Hai Precision Industry,...
Volkswagen and Xpeng to build EV super-fast charging network in China
Top Volkswagen and Xpeng executives pose at the German automaker's launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesShares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership...
Musk and Trump, EU AI Act
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersThe U.S. political landscape is set to undergo some shifts in 2025 — and those...
Tenable Chair and CEO Amit Yoran dies after cancer battle
Amit Yoran, CEO and chairman of TenableH/O TenableAmit Yoran, who ushered cybersecurity company Tenable into the public market as chief executive, died on Friday. He was 54.Yoran's passing was confirmed by Tenable in a Saturday press release. While the company said...
Microsoft expects to spend $80 billion on AI data centers in FY 2025
Vice Chair and President at Microsoft, Brad Smith, participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The largest technology conference in the world this year has 71,528 attendees from 153 countries and 3,050 companies, with AI...
Foreign phone sales plunge 47% in China spelling trouble for Apple
An Apple flagship store in Shanghai, China, October 15, 2024.Cfoto | Future Publishing | Getty ImagesSales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest...
Meta picks former GOP staffer as policy chief before Trump inauguration
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France.Chesnot | Getty ImagesFacebook parent Meta is...
Nominate a company for CNBC’s 2025 Disruptor 50 list
CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges.The deadline for submissions is Friday,...
Cryptocurrencies jump to start 2025, bitcoin rises back above $96,000
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | ReutersCryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market.The price of bitcoin rose 2% to...
Tesla TSLA Q4 2024 vehicle delivery and production numbers
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles on Oct. 10, 2024.Tesla | Via ReutersTesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:Total deliveries Q4...
Apple offers holiday discount in China as Huawei competition heats up
People walk past an advertisement for the iPhone 16 Pro at an Apple store during National Day holiday on October 3, 2024 in Chongqing, China.Cheng Xin | Getty Images News | Getty ImagesApple is offering discounts on its top-end iPhones and other products in China for...
Bitcoin was the best investment of 2024, but not without its usual volatility
Bitcoin was far and away the best performing asset class in 2024 as new ETFs ushered in more widespread adoption and hopes for deregulation under a new presidential administration lifted digital assets to record levels.But owning cryptocurrency also came with its...
Intel worst year, Broadcom record gain
Hock Tan, CEO of Broadcom (L) and former CEO of Intel, Pat Gelsinger.Reuters | CNBCIt was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area's moniker.Intel, the 56-year-old chipmaker co-founded by industry...
Alibaba (BABA) cloud unit slashes prices on AI models by up to 85%
The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.The Hangzhou-based e-commerce firm's cloud computing division, Alibaba...
Bitcoin (BTC) price predictions for 2025
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024.Dado Ruvic | ReutersAfter a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they're expecting the flagship cryptocurrency to hit new...
History behind hacking method and what’s next
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals.Seksan Mongkhonkhamsao | Moment | Getty ImagesRansomware is now a billion-dollar industry....
Why Microsoft, Amazon, Google and Meta are betting on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry's AI ambitions...
Google CEO Pichai tells employees ‘The stakes are high’ for 2025
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.Fabrice COFFRINI | AFP | Getty ImagesGoogle CEO Sundar Pichai told employees last week that "the stakes are high" for 2025, as the...
OpenAI needs ‘more capital than we’d imagined,’ moves to for-profit
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI said Friday that in moving toward a new for-profit structure in...
How Google’s Sundar Pichai navigated a pressure-filled year
NEW YORK, NY - NOVEMBER 01: Sundar Pichai, C.E.O., Google Inc. speaks at the New York Times DealBook conference on November 1, 2018 in New York City. (Photo by Stephanie Keith/Getty Images)Stephanie Keith | Getty Images News | Getty ImagesGoogle's blowout earnings...
Waymo dominated U.S. robotaxi market in 2024, but Tesla, Zoox loom
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersDespite General Motor's decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a...
Larry Ellison has banner year as Oracle gains most since dot-com boom
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024.Clive Brunskill | Getty ImagesIt's...
AI, crypto top tech stocks: AppLovin, MicroStrategy, Palantir, Nvidia
Jensen Huang, co-founder and CEO of Nvidia Corp., holds up the company's AI accelerator chips for data centers as he speaks during the Nvidia AI Summit Japan in Tokyo on Nov. 13, 2024.Akio Kon | Bloomberg | Getty ImagesArtificial intelligence is still an abstract...
Digital health stocks pummeled by Wall Street in 2024, but Hims surges
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEIf the Covid era marked a boom time for digital health companies, 2024 was the reckoning.In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health...
Trump taps Silicon Valley execs for key administration roles
U.S. President-elect Donald Trump attends Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | ReutersPresident-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley's...
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, top tech stock
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesOn the eve of MicroStrategy's stock market...
Meta went all in on AI in 2024. The pressure builds in 2025
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | Reuters"Aut Zuck Aut Nihil" spanned the front of Mark...
US launches new probe into legacy Chinese chips
China is looking to challenge the U.S. in artificial intelligence. China's tech giants have launched their own AI models. Niphon | Istock | Getty ImagesThe Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into...
What Google quantum chip breakthrough means for bitcoin’s future
Google's recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we...
House Democrats say GOP caved to Elon Musk, protecting China interests
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | ReutersHouse Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their...
Elon Musk endorses far-right Alternative for Germany party in election
Tesla CEO and X owner Elon Musk gestures behind protective glass during a rally for Republican presidential nominee and former U.S. president Donald Trump, at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5,...
Bitcoin falls 9%, dropping below $93,000 as sell-off intensifies
Omer Taha Cetin | Anadolu | Getty ImagesBitcoin fell sharply on Friday amid broader investor caution toward risk assets.Bitcoin traded at around $92,808.07 at 6:57 a.m. ET on Friday, down around 9% from 24 hours before where it was priced above $102,000, according to...
Tesla shares drop 5%, continuing to slide as post-election rally loses steam
Tesla electric vehicles are parked in a parking lot at the Tesla Gigafactory Berlin-Brandenburg plant. Patrick Pleul | Picture Alliance | Getty ImagesShares of Tesla continued to slide on Friday, in what appeared to be a case of investors taking profits from the...
Amazon workers strike across seven facilities during holiday shopping
An Amazon delivery truck passes people holding signs and marching during a strike by Teamsters union members at an Amazon facility in Alpharetta, Georgia, U.S. December 19, 2024. REUTERS/Elijah NouvelageElijah Nouvelage | ReutersAmazon workers across seven facilities...
Micron headed for worst day since 2020 after disappointing guidance
Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on "how the CHIPS and Science Act and his Investing in America agenda are growing the economy and creating jobs," at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25,...
Micron shares plunge on weak second-quarter guidance
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares plunged 13% in extended trading on Wednesday after...
Tesla shares sink 8%, giving up some gains from post-election pop
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas.Brandon Bell | Getty ImagesTesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump's election victory last month, which sparked a...
Suki, Google Cloud expand partnership on assistive health tech
Health-care artificial intelligence startup Suki on Wednesday announced a new collaboration with Google Cloud as part of its push to expand beyond clinical documentation. Through the partnership, Suki is building patient summary and Q&A features using Google...
Trump NASA pick Jared Isaacman made big bet on stablecoins with Shift4
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission's "Dragon" capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program.-...
CrowdStrike moves to dismiss Delta suit, citing contract terms
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona, Spain, on October 8, 2024. Joan Valls | Nurphoto | Getty ImagesCrowdStrike moved Monday evening to dismiss Delta Air Lines' lawsuit around the July cybersecurity outage...
Dexcom launches generative AI platform for Stelo users
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesDexcom on Tuesday announced an artificial intelligence feature for its Stelo continuous glucose monitor that gives users a personalized look...
Databricks valued at $62 billion from $10 billion financing
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024.Smith Collection/ gado | Archive Photos | Getty ImagesDatabricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that...
Nvidia falls deeper into correction territory as Broadcom rally continues
Jaque Silva | Nurphoto | Getty ImagesNvidia shares fell in premarket trading on Tuesday, as Broadcom continued its rapid surge higher.Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. On Monday, the company a entered correction territory...
UK kicks off review into training AI models on copyrighted content
On Dec. 9, OpenAI made its artificial intelligence video generation model Sora publicly available in the U.S. and other countries.Cfoto | Future Publishing | Getty ImagesThe U.K. is drawing up measures to regulate the use of copyrighted content by tech companies to...
Chinese AI models are popular globally and are beating U.S. rivals in some areas
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty ImagesChina's attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC...
Waymo to begin testing in Tokyo, its first international destination
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet-owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international...
Temu tops US iOS downloads for 2nd year amid greater scrutiny of China firms
Jaque Silva | Nurphoto | Getty ImagesTemu, the popular e-commerce app owned by China's PDD Holdings, topped Apple's list of the most downloaded free apps on its U.S. iOS store for the second year running, highlighting the massive success that Chinese apps are enjoying...
Super Micro slides 7% after stock is dropped from Nasdaq 100
Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer joined the Nasdaq 100 in July. Five months later, it's out, and the stock is down 7% on the...
Britain’s Ofcom brings tough Online Safety Act duties into force
Sebastien Bozon | AFP | Getty ImagesLONDON — The U.K. officially brought its sweeping online safety law into force on Monday, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google and...
MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’
CFOTO | Nurphoto | Getty ImagesMichael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it "cyber Manhattan.""We'll just keep buying the top forever, everyday is a good day to buy bitcoin" the...
Bitcoin crosses $106,000 ahead of this week’s Fed decision
Omar Marques | LightRocket | Getty ImagesBitcoin rallied to a new all-time high Sunday evening as investors awaited an expected interest rate cut by the Federal Reserve later this week.The price of the flagship cryptocurrency was last higher by more than 4% at...
Why the FBI wants you to use end-to-end encrypted messaging
Think twice before sending your next text message. Or better yet, make sure you are using an end-to-end encryption method.Consumers regularly use different types of messaging technology from the biggest technology companies including Apple, Alphabet and Meta...
China’s satellite megaprojects are challenging Elon Musk’s Starlink
China faces a tall order in its efforts to catch up to Elon Musk's SpaceX satellite service.SpaceX's Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is...
Broadcom’s long path to the trillion-dollar club, and Trump’s role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company's headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017.Getty...
OpenAI emails show Elon Musk wanted for-profit structure in 2017
The logo of OpenAI is shown on a mobile phone in front of a computer screen displaying the photographs of Sam Altman, left, and Elon Musk, March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesOpenAI on Friday clapped back against Elon Musk, one of its...
Tech companies most threatened by Trump donating to inauguration fund
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan.Emily Elconin | Getty Images News |...
Former OpenAI researcher and whistleblower found dead at age 26
Jaque Silva | Nurphoto | Getty ImagesA 26-year-old former OpenAI researcher, Suchir Balaji, was found dead in his San Francisco apartment in recent weeks, CNBC has confirmed.Balaji left OpenAI earlier this year and raised concerns publicly that the company had...
Apple, Google instructed by House committee to prepare to dump TikTok
A supporter holds up a sign that read "TikTok" during a news conference on TikTok in front of the U.S. Capitol on March 22, 2023 in Washington, DC.Alex Wong | Getty ImagesHouse Committee members are urging the top executives of Apple and Google to be prepared to...
Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office on December 12, 2024 in San Jose, California. Justin Sullivan | Getty ImagesShares of Broadcom popped more than 21% Friday morning, pushing the company's market cap beyond $1 trillion for the first time. It'll be...
Inside TSMC’s new chip fab where Apple will make chips in the U.S.
Atop a newly-completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company's first Arizona chip fabrication plant, or...
Elon Musk says SEC sent ‘settlement demand’ after Twitter deal probe
SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023.Kevin Dietsch | etty ImagesThe Securities and Exchange Commission has issued a "settlement demand" to Elon Musk, the...
Broadcom (AVGO) earnings report Q4 2024
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company...
Adobe shares plunge 13% on disappointing 2025 revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.Brendan Mcdermid | ReutersAdobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued...
ServiceTitan starts trading on Nasdaq after IPO
Vahe Kuzoyan, president & co-founder of ServiceTitan, poses for photos after ringing the opening bell at the Nasdaq MarketSite on Dec. 12, 2024.Michael M. Santiago | Getty Images News | Getty ImagesServiceTitan shares popped 42% in their Nasdaq debut on Thursday...
Texas House introduces bill to establish a strategic bitcoin reserve
Legislation was introduced in the Texas House of Representatives Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury.The proposed bill would enable the state to start building a strategic bitcoin reserve by...
Email security startup Sublime raises $60 million
Across the world, companies rely on Microsoft and Google to administer email accounts for employees. Keeping all those mailboxes secure, however, is a business opportunity.Proofpoint went public in 2012, and as enterprises migrated to the cloud, many adopted the...
Alphabet and Tesla reach fresh records, joining Amazon and Meta
Tech stocks on display at the Nasdaq.Peter Kramer | CNBCAlphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time.Tech's seven trillion-dollar...
Meta’s Facebook, Instagram go down due to ‘technical issue’
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta's family of apps including Facebook and Instagram were down on Wednesday, resulting in users being...
ServiceTitan prices at $71, above expected range
Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan.ServiceTitanServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday...
OpenAI says ChatGPT has recovered after hours-long outage
OpenAI CEO Sam Altman visits "Making Money With Charles Payne" at Fox Business Network Studios in New York on Dec. 4, 2024.Mike Coppola | Getty ImagesOpenAI said in an early Thursday X post that its popular ChatGPT assistant, Sora video generator and programming...
Tesla reaches record, boosted by 64% pop since Trump election victory
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersTesla shares jumped to an all-time high on Wednesday, surpassing their prior...
Cryptocurrencies rally, with bitcoin retaking $100,000 after inflation data
The crypto market jumped Wednesday, following two days of digestion after bitcoin rallied to $100,000 for the first time ever last week.The price of the flagship cryptocurrency was last higher by 4.8% at $101,052.72, according to Coin Metrics. Ether also rose 4% but...
Google releases the first of its Gemini 2.0 AI models
Jaque Silva | Nurphoto | Getty ImagesGoogle released the first version of its Gemini 2.0 family of artificial intelligence models on Wednesday.Gemini 2.0 Flash, as the model is called, is available in a chat version for users globally while an experimental multimodal...
Why AI advancement could be slowing down
Generative artificial intelligence has developed so quickly in the past two years that massive breakthroughs seemed more a question of when rather than if. But in recent weeks, Silicon Valley has become increasingly concerned that advancements are slowing. One early...
Apple launches its ChatGPT integration with Siri
Jaque Silva | Nurphoto | Getty ImagesApple released updates for its iPhone, iPad and Mac software on Wednesday that include a long-awaited ChatGPT integration with Siri.The ChatGPT integration triggers when users ask Siri complicated questions. When Siri is asked a...
GM exits robotaxi market, will bring Cruise operations in house
After spending more than $10 billion on its robotaxi unit, General Motors is abandoning its Cruise driverless ride-hailing service.The Detroit automaker on Tuesday said it will no longer fund its Cruise division's robotaxi development and will instead fold the unit...
Alphabet shares jump 5% after Google touts breakthrough quantum chip
A person shows Google Quantum AI's "Willow" chip, in this undated handout photo obtained by Reuters on December 6, 2024. Google | Via ReutersAlphabet shares rose 5% during trading on Tuesday, the day after the company hailed its latest quantum computing chip as a...
Michael Saylor case for Microsoft buying Bitcoin gets rejected
Michael Saylor, the billionaire bitcoin investor whose turned his company, MicroStrategy, into a high-risk proxy for the cryptocurrency, has been encouraging Microsoft to use some of its massive cash pile to follow his lead.But shareholders on Tuesday said no.In...
Oracle shares head for worst day of 2024 after Q2 earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped 8% on Tuesday and headed for their...
Google claims quantum milestone — but can’t solve real-world problems
A woman bikes by a giant Google logo at Google's Bay View campus in Mountain View, California on Aug 13, 2024 where the "Made by Google" media event was held today. Josh Edelson | AFP | Getty ImagesGoogle has unveiled a new chip that it says marks a major breakthrough...
Amazon partnering with Intuit Quickbooks for third-party sellers
Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon.David Paul Morris | Bloomberg | Getty ImagesAmazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy. But keeping track of...
Oracle (ORCL) Q2 2025 earnings report
Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019.Justin Sullivan | Getty Images News | Getty ImagesOracle shares slid 7% in extended trading on Monday after the database software...
Tesla accused of ‘fraudulent misrepresentation’ of Autopilot in crash
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024.Brandon Bell | Getty ImagesTesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company's "fraudulent misrepresentation" of its Autopilot...
OpenAI releases Sora, its buzzy AI video-generation tool
OpenAI said Monday it's releasing its buzzy AI video-generation tool, Sora, later in the day.The AI video-generation model works similarly to OpenAI's image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video...
Reddit begins testing AI-powered answers feature to win users
Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday.A small portion of Reddit's U.S. user base will have access to the Reddit Answers feature as part of an initial test...
Ant Group gets new CEO as billionaire founder Jack Ma talks up AI
Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China.Liu Yang | Visual China Group | Getty ImagesAnt Group president and finance chief Cyril Han will take over as chief executive...
President-elect Trump says Ukraine to ‘possibly’ receive less military aid
U.S. President-elect Donald Trump attends a meeting with Britain's Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris,...
Weight-loss drug boom has become one of the internet’s biggest scams
A production line of Wegovy injection pens for the Asian market at the Novo Nordisk A/S pharmaceutical manufacturing facility in Hillerod, Denmark, on Wednesday, Nov. 27, 2024. Bloomberg | Bloomberg | Getty ImagesOne interpretation of the law of supply and demand is...
What’s next for Meta’s metaverse
In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse."There was genuinely a need and a desire at the time for...
Meta shares rise on potential TikTok ban in U.S., closing at record
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a...
Super Micro gets Nasdaq extension, can file financials by February
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesEmbattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to...
Workday shares pop 9% on inclusion in S&P 500
A close-up of the Workday logo on its headquarters in Pleasanton, California.Smith Collection | Archive Photos | Getty ImagesWorkday shares jumped 9% in extended trading on Friday after S&P Dow Jones Indices said the cloud software vendor will be added to the...
Uber offers robotaxi rides in Abu Dhabi, partnership with WeRide
Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi.Courtesy Uber Technologies, Inc.Uber is partnering with China's WeRide to offer autonomous vehicle rides in Abu Dhabi, the companies announced on Friday.To start, each WeRide robotaxi that's hailed...
Why thermal batteries could replace lithium-ion batteries
Thermal batteries could transform renewable energy storage and provide a cheaper and scalable alternative to lithium-ion technology."Intermittent wind and solar power are becoming the cheapest forms of energy that humans have ever known, and all kinds of energy...
SpaceX faces opposition to Starlink expansion from Ukrainian group
The Starlink logo is seen on a mobile device with an grahpic illustration of planet Earth in this illustration photo in Warsaw, Poland on 21 September, 2022.STR | Nurphoto | Getty ImagesSpaceX's effort to put an additional 22,488 satellites into low-earth orbit is...
Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif.Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty ImagesVenture investor and podcaster David Sacks will join the Trump administration as the "White House A.I....
Waymo announces robotaxi expansion to Miami
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo is setting its sights on its next location: the Sunshine State.The Alphabet-owned company announced Thursday that it will be...
Intel adds two new directors with CEO search underway
The logo of Intel is seen during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | Afp | Getty ImagesIntel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search...
excerpt from Tae Kim’s book on Nvidia
The following is excerpted from the book "The Nvidia Way: Jensen Huang and the Making of a Tech Giant," written by Tae Kim, a senior technology writer at Barron's, and publishing Dec. 10 by W.W. Norton & Company. The excerpt is from a chapter about activist hedge...
If Trump reverses TikTok ban, donors win and national security loses
The Washington Post | The Washington Post | Getty ImagesPresident-elect Donald Trump was early to warn about the national security dangers posed by TikTok during his first term in office, with rhetoric and policy discussions that framed the social media app within his...
MicroStrategy leads crypto stocks higher after bitcoin tops $100,000 for the first time
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024.Justin Sullivan | Getty ImagesCryptocurrency-related stocks popped in premarket trading Thursday after the price of bitcoin soared above $100,000 for the first...
Xreal One Series launch features new chip as AR competition heats up
The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses.XrealXreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and...
Sundar Pichai says he’d love to compare Google, Microsoft’s AI models
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is being held in San Francisco and runs through November 17. Justin Sullivan | Getty Images...
Jeff Bezos optimistic about Trump, will help with reducing regulation
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times' annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesAmazon founder Jeff...
Amazon will sell software with ‘buy with AWS’ button for partner sites
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesIn 2022, Amazon introduced the Buy with Prime button, allowing premium subscribers to make purchases using...
Bitcoin tops $100,000 as monster 2024 rally reaches new heights
A neon sign indicates that Bitcoin is accepted inside the venue of the Paralelni Polis project, an organization combining art, social sciences and modern technology, in Prague, Czech Republic, on Friday, Jan. 5, 2024.Milan Jaros | Bloomberg | Getty ImagesThe price of...
British regulators approve $19 billion Vodafone-Three mobile merger
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance.Adrian Dennis |...
OpenAI partners with defense company Anduril
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI and Anduril on Wednesday announced a partnership allowing the...
OpenAI’s active user count soars to 300 million people per week
Sam Altman, co-founder and C.E.O. of OpenAI, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty ImagesAfter months of C-suite changes, tender offers and a soaring...
Salesforce stock up on earnings beat and strong AI deals pipeline
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesShares of Salesforce popped more than 8% Wednesday, a day after the company reported third-quarter results...
Amazon sued by DC AG over excluding areas from Prime delivery
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesWashington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes...
Spotify Wrapped is out. Here’s who topped the 2024 streaming charts
This photograph taken in Paris on April 19, 2024, shows a smatphone displaying the US singer-songwriter Taylor Swift's new album "The Tortured Poets Department" on Spotify. Queen of pop Taylor Swift released her highly anticipated record "The Tortured Poets...
Peter Thiel’s Founders Fund loses early partner Brian Singerman
Entrepreneur Brian Singerman (R) and Noelle Moseley arrive at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. Etienne Laurent | Afp | Getty ImagesBrian Singerman, one of the earliest...
Okta (OKTA) Q3 earnings 2024
File photo of Todd McKinnon, chief executive officer of Okta Inc.Bloomberg | Bloomberg | Getty ImagesShares of Okta popped more than 18% in extended trading Tuesday after the identity management company released third-quarter results that beat analysts' estimates and...
Salesforce (CRM) Q3 earnings report 2025
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce shares were up 9% on Tuesday after the company's fiscal third-quarter earnings report...
Intel slides as Gelsinger exit leaves chipmaker without a ‘quick fix’
Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | APIntel shares fell more than 5% on Tuesday, a day after the embattled chipmaker announced the ouster of...
Intel considers outside CEO to replace Pat Gelsinger, taps headhunters
Signage outside Intel headquarters in Santa Clara, California, on Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to...
Apple says it uses Amazon’s custom AI chips
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCApple is currently using Amazon Web Services' custom artificial intelligence chips for services like search and will evaluate if the company's latest AI chip can...
Microsoft overcharging rival cloud firms’ customers, UK lawsuit says
UKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesLONDON — Microsoft on Tuesday was accused of...
Kai Cenat breaks Twitch subscriber record during 30-day livestream
Creator Kai Cenat broke the record for the highest subscriber count on Amazon's Twitch during a nonstop live stream for the entire month of November.Cenat is a 22-year-old streamer who rose to popularity over the past two years with livestreams focused on comedy,...
Beating the U.S. but keeping control of tech
China's race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world's second-largest economy.That's the view of...
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty ImagesTesla CEO Elon Musk on Monday lost his bid to get his...
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023.Florence Lo | ReutersMajor Asian chip stocks outside of China rose Tuesday, shrugging off a new...
Intel CEO Pat Gelsinger is out, stock up 5%
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty ImagesIntel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1.Intel named two...
Amazon sellers are flocking to TikTok Shop despite looming U.S. ban
A file photo of a livestreamer selling handbags at a TikTok Livestreaming E-commerce Base on October 12, 2021 in Wuhan, China.Visual China Group | Getty ImagesSporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her...
U.S. can adopt crypto regulation ‘quickly’ now
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City.John Lamparski | Getty Images for Concordia SummitLONDON — Coinbase's top policy executive...
Elon Musk asks court to block OpenAI from converting to a for-profit
Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business.Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday. The injunction...
In the new space race, hackers are hitching a ride into orbit
The unoccupied space-facing port on the International Space Station's Harmony module is pictured several hours before the SpaceX Dragon Freedom spacecraft would relocate there after undocking from Harmony's forward port.NASA Johnson Space CenterIn the race to conquer...
Bitcoin heads for nearly 40% November gain as it edges closer toward $100,000
"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector's...
New bitcoin bull market, beware of the same old crypto scams
Consumers beware: With bitcoin trading solidly over $90,000 this month, cybercriminals will be circling the wagons."This is going to create a lot of FOMO and a lot of urgency around investing in bitcoin and paying with bitcoin," said Eva Velasquez, president and chief...
Shares of chip suppliers jump as U.S. considers toned down China curbs
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024.Jonathan Raa | Nurphoto | Getty ImagesShares of key global semiconductor equipment firms jumped on...
Bitcoin bounces back above $95,000 as investors eye $100,000 milestone heading into Thanksgiving holiday
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels.The price of the flagship cryptocurrency was last higher by 5% at $95,886.00, according to Coin Metrics, while ether jumped more than 7%...
Why there are few generative AI gadgets this holiday season
Ray-Ban Meta smart glassesMetaShoppers looking for gadgets and gizmos powered by generative AI technology to gift to their loved ones won't have many options to choose from this holiday season.Generative artificial intelligence has taken Silicon Valley by storm since...
Just Eat to delist from London Stock Exchange in blow to UK market
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange.Mike Kemp | In Pictures | Getty ImagesJust Eat Takeaway will delist from the London Stock Exchange next...
Workday (WDAY) Q3 earnings report 2025
Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023.Kevin Dietsch | Getty ImagesWorkday shares slipped as much as 11% in extended trading Tuesday after the human resources and...
Dell earnings report Q3 2025
Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations Tuesday, despite bullish commentary from the company on AI sales growth. The PC maker reported quarterly earnings Tuesday that beat analyst expectations for earnings per...
OpenAI gets $1.5 billion investment from SoftBank in tender offer
Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesOpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has...
Reddit targets international users for ad growth, teases search feature
Reddit logo on website. Jakub Porzycki | Nurphoto | Getty ImagesReddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told...
This startup makes thrifting furniture far easier, even for big retailers like Pottery Barn
Furniture waste is a growing concern as consumers and companies seek to reduce carbon emissions. In the U.S. alone, we throw out roughly 12 million tons of furniture every year, according to the Environmental Protection Agency, leaving it to rot in landfills. Most of...
Databricks closes in on multibillion funding round at $55 billion valuation
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesOne of the world's most valuable private tech companies is...
How Bluesky rose out of Twitter’s ashes to challenge X and Threads
Rose Wang, COO of Bluesky.Courtesy: BlueskyIt only took a high-profile U.S. presidential election to introduce millions of people to Bluesky.The micro-blogging startup said it has gained 8.7 million new users since Election Day, underscoring consumer appetite for an...
Content creators turn to subscription apps for consistent income
Social media creators are turning to monthly subscription services to generate revenue directly from their followers in an attempt to find a stable source of income in an increasingly competitive and volatile market. The creator economy peaked in September 2021,...
Britain’s FCA sets out plan to implement crypto regime by 2026
Mustafa Ciftci | Anadolu | Getty ImagesThe British financial services watchdog on Tuesday set out a plan to implement a wide-reaching regulatory regime for the cryptocurrency industry by 2026.The Financial Conduct Authority (FCA), which oversees banking and investment...
Bitcoin (BTC) price falls as post-election rally loses steam
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | ReutersThe price of Bitcoin price retreated further from the psychologically important $100,000 milestone, as investors booked profits from the token's...
Orange partners with OpenAI, Meta on custom African language AI models
The logo of telecoms giant Orange displayed at Mobile World Congress 2024 in Barcelona, Spain.Joan Cros | Nurphoto via Getty ImagesFrench telecoms giant Orange on Tuesday said it's partnering with Microsoft-backed OpenAI and Facebook-owner Meta to build custom...
HarmonyOS Next details, specs, price
Huawei launched the Mate 70 series in an event in Shenzhen on November 26, 2024. The phones are the first capable of running Huawei's new operating system called HarmonyOS NEXT.HuaweiHuawei on Tuesday launched the Mate 70 series of smartphones that can run on the...
Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring.Investors weren't able to do all that much with it besides buy and hold it. But that was precisely why the world's largest cryptocurrency was valuable.It was a commodity, like gold — or corn. It didn't get too fancy on its...
San Francisco Mayor-elect Daniel Lurie taps business leaders for help
Mayor- Elect Daniel Lurie speaks in St. Mary's square a day after winning the Mayoral race in San Francisco on Friday, Nov. 8, 2024.Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers | Getty ImagesSan Francisco's Mayor-elect Daniel Lurie has begun tapping...
Zoom (ZM) Q3 earnings report 2025
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024.Leigh Vogel | Concordia Summit | Getty ImagesZoom shares were down 4% in extended trading on Monday after the video calling software maker...
Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
Mustafa Ciftci | Anadolu | Getty ImagesRumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency.Shares rose...
Intel close to $8 billion CHIPS Act grant: Source
Intel CEO Patrick Gelsinger speaks prior to President Joe Biden's remarks at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Rebecca Noble | Getty ImagesChipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company...
How tech bros bought ‘America’s most pro-crypto Congress ever’
Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. Moreno is running against Sen. Sherrod Brown, D-Ohio. Tom Williams | Cq-roll Call, Inc. | Getty ImagesPrior to announcing his Senate...
Microsoft’s Recall photographic memory search has issues in test build
Microsoft's Recall feature is available for testing for people with Copilot+ PCs containing Qualcomm Snapdragon chips.Jordan Novet | CNBCMicrosoft on Friday started letting people test Recall, its so-called photographic memory search feature for the latest Copilot+...
Musk’s slash government agencies and regulation benefit empire
Elon Musk's business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures...
Why X new terms of service driving some users to leave Elon Musk platform
Elon Musk attends the America First Policy Institute gala at Mar-A-Lago in Palm Beach, Florida, Nov. 14, 2024.Carlos Barria | ReutersX's new terms of service, which took effect Nov. 15, are driving some users off Elon Musk's microblogging platform. The new terms...
The Pentagon battle inside U.S. for control of new Cyber Force
A recent Chinese cyber-espionage attack inside the nation's major telecom networks that may have reached as high as the communications of President-elect Donald Trump and Vice President-elect J.D. Vance was designated this week by one U.S. senator as "far and away the...
Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
Anadolu | Anadolu | Getty ImagesAmazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant's total investment to $8 billion,...
Apple and Google could face UK competition probe over app store rules
Omar Marques | Lightrocket | Getty ImagesLONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K.The U.K.'s Competition and Markets Authority issued a report Friday with a provisional decision...
Intuit (INTU) Q1 earnings report 2025
Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty ImagesIntuit shares fell 6% in extended trading Thursday after the finance software maker issued a revenue forecast for the...
Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
An iPhone 16 signage is seen on the window at the Fifth Avenue Apple Store on new products launch day on September 20, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThe Indonesian government expects Apple to increase its proposed $100...
Bluesky CEO Jay Graber says X rival is ‘billionaire proof’
Bluesky has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk's X and Meta's Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof."In an...
Alphabet shares slide 6% following DOJ push for Google to divest Chrome
Jaque Silva | Nurphoto | Getty ImagesAlphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its...
Nvidia (NVDA) stock slumps despite Q3 earnings beat
POLAND - 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesNvidia shares dropped in U.S....
Snowflake (SNOW) Q3 earnings report 2025
Snowflake shares spiked 19% in extended trading on Wednesday after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 20 cents, adjusted...
Nvidia expects to sell more Blackwell chips than previously anticipated
After a quarter where Nvidia's sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate.Those hopes fall on Blackwell, which is Nvidia's name for a...
DOJ pushes for Google to break off Chrome browser after antitrust case
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the...
Bitcoin climbs, reaching a new all-time high above $97,000
Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency.The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it...
British regulator prepares competition remedies for cloud market
Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure.Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition...
Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures
Sopa Images | Lightrocket | Getty ImagesBusiness spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.The report also found that OpenAI ceded market share in enterprise...
Nvidia (NVDA) earnings report Q3 2025
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024.Ritzau Scanpix | Mads Claus Rasmussen | Via ReutersNvidia reports fiscal third-quarter earnings Wednesday after the market...
FTX co-founder Gary Wang avoids prison time for role in crypto fraud
Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. Brendan Mcdermid...
Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options
Jonathan Raa | Nurphoto | Getty ImagesBitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump's transition back to the White House and weighed early options trading on bitcoin ETFs.The price of the...
Software firm Odoo hits $5.3 billion valuation in secondary share sale
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo.OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet's venture fund and Sequoia...
Bitcoin ETF options begin trading, offering a new way to hedge bitcoin exposure
Jonathan Raa | Nurphoto | Getty ImagesOptions on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin.IBIT traded 73,000 options contracts in the first 60 mins of...
Qualcomm says it expects $4 billion in PC chip sales by 2029
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.Of that amount, roughly $4 billion will...
H&R Block, Intuit stocks fall following Trump tax-filing app report
Michael Nagle | Bloomberg | Getty ImagesThe stock prices for H&R Block and Intuit fell after a report Tuesday said Trump's government efficiency team is considering creating a free tax-filing app.Intuit, which makes the TurboTax tax-filing software, closed down...
Super Micro shares soar after company names BDO as new auditor
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer shares jumped more than...
Bitcoin edges higher as tensions mount between Ukraine and Russia
Thomas Trutschel | Photothek | Getty ImagesBitcoin moved higher on Tuesday even as other risk assets sold off amid rising geopolitical tensions between Ukraine and Russia.The price of the flagship cryptocurrency was last higher by less than 1% at $92,003.28, according...
Bose buys McIntosh, storied maker of high-end luxury audio equipment
The BOSE display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.David A. Grogan | CNBCBose Corp. will purchase the McIntosh Group, a deal that will give the Massachusetts-based company control of one of the most storied names in high-end...
Microsoft introduces Windows 365 Link for cloud-based desktops
Microsoft CEO Satya Nadella watches from the audience during a press briefing at Microsoft's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | Afp | Getty ImagesMicrosoft is previewing a new PC that's designed to connect corporate workers to their...
Nvidia must show Blackwell chip can drive growth in earnings report
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry's graphics processing unit, or GPU, of choice for making and deploying generative AI software.What investors will want to see when Nvidia...
Tech funding in Europe stabilizes after years of decline
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves' tax plans could result in a tech "brain drain.". (Photo by Oli Scarff/Getty Images)Oli Scarff | Getty ImagesVenture capital investment in European technology...
Canva hires Kelly Steckelberg as CFO ahead of expected IPO
Kelly Steckelberg attends an Evening from the Heart LA 2022 Gala hosted by the John Ritter Foundation for Aortic Health at Valley Relics Museum in Van Nuys, California, on May 5, 2022.Araya Doheny | Getty ImagesCanva, a high-valued design software startup that...
Super Micro hires new auditor to maintain Nasdaq listing; shares pop
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesEmbattled server maker Super Micro Computer...
Fintech unicorns watch Klarna IPO for signs of when window will reopen
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty ImagesLISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it...
Cloud software company ServiceTitan files for IPO
ServiceTitan offices in Draper, Utah.Google EarthServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol "TTAN."The filing suggests that investors could be getting more...
Tesla (TSLA) stock up on report Trump wants to ease self-driving rules
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024.Jim Watson | Afp | Getty ImagesTesla shares jumped on...
European tech CEOs urge ‘Europe-first’ mentality after Trump victory
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal.Harry Murphy | Sportsfile for Web Summit Getty ImagesLISBON, Portugal — Tech CEOs in Europe are urging region al countries to take bolder action to...
SpaceX rival TEC raises $160 million for reusable space capsule
The Space Exploration develops a product called Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo.The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is...
Palantir jumps 11% to a record after announcing move to Nasdaq
Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021.Andreas Rentz | Getty ImagesPalantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military...
Super Micro faces deadline to keep Nasdaq listing after 85% plunge
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7. Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer could be headed down a...
Elon Musk’s xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty ImagesElon Musk's artificial intelligence company xAI is...
Alibaba (BABA) Q2:
Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesChinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world's second-largest economy hit consumer spending.Alibaba said...
Amazon questioned by House committee over ‘dangerous’ TikTok deal
Amazon logo on a brick building exterior, San Francisco, California, August 20, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesAmazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company's...
Amazon launches fixed pricing to treat hair loss, erectile dysfunction
A worker delivers Amazon packages in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men's hair loss, its...
WikiLeaks whistleblower Chelsea Manning says censorship is still ‘a dominant threat’
Former U.S. Army intelligence analyst Chelsea Manning says censorship is still "a dominant threat," advocating for a more decentralized internet to help better protect individuals online.Her comments come amid ongoing tension linked to online safety rules, with some...
VCs say tech investing is ‘tough’ amid IPO lull and ‘nuts’ AI hype
Edith Yeung, general partner at Race Capital, and Larry Aschebrook, founder and managing partner of G Squared, speak during a CNBC-moderated panel at Web Summit 2024 in Lisbon, Portugal.Rita Franca | Nurphoto | Getty ImagesLISBON, Portugal — It's a tough time for the...
Zopa sees profit doubling as it eyes 2025 current account launch
Jaidev Janardana, CEO of U.K. digital bank Zopa.ZopaLISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company's CEO told CNBC.Zopa...
Trump victory may provide TikTok a lifeline to remain in the U.S.
Republican presidential nominee, former U.S. President Donald Trump, (C) greets attendees during a campaign stop to address Pennsylvanians who are concerned about the threat of Communist China to U.S. agriculture at the Smith Family Farm September 23, 2024 in...
Cisco (CSCO) Q1 earnings report 2025
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024.Dia Dipasupil | Getty ImagesCisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. The stock...
X rival Bluesky gains 1.25 million users following U.S. election
In this photo illustration, the Bluesky Social logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty ImagesMicro-blogging startup Bluesky has gained over 1.25 million new users in the past week, indicating some...
Tech firms invest in sovereign AI to cut Europe dependence on US tech
LISBON, Portugal — Tech giants are increasingly investing in the development of so-called "sovereign" artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure.Data sovereignty refers to the idea that people's data...
Oura plans international expansion, tests nutrition and AI features
The Oura Ring 4Courtesy: OuraLISBON — Samsung's foray into smart rings isn't concerning the boss of the product category's pioneer, Oura — in fact, Tom Hale says he's seeing a boost in business."I'm sure that a major tech company making an announcement saying: 'Hey,...
Tesla initiates sixth Cybertruck recall in a year
New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle on Aug. 22, 2024.M. Scott Brauer | Bloomberg | Getty ImagesTesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway...