Technology
Dexcom shares plunge more than 40% after Q2 earnings
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out...
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. The device is retailing at $249.LedgerCryptocurrency storage company Ledger is raising the price of its...
Cryptocurrencies rebound with risk assets Friday after two down days
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets.Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25.In equities, the tech-heavy Nasdaq Composite and the...
Personal cybersecurity concierge is new perk, and need, among wealthy
Matthias Kulka | The Image Bank | Getty ImagesCybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives.While companies are spending heavily on cybersecurity,...
Dexcom (DXCM) Q2 earnings report
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesShares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the...
Galaxy AI, mixed reality and foldables
TM Roh, the head of Samsung's mobile business, talked about the company's new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring.Arjun...
Kamala Harris debuts official TikTok account as presidential campaign picks up
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | ReutersVice President Kamala Harris debuted an official TikTok account on...
Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.Jakub Porzycki | Nurphoto | Getty ImagesMemory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to...
CrowdStrike CEO says 97% of Windows sensors back online after outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty...
Apple loses top 5 spot in China smartphone market as domestic brands dominate
Customers are shopping for the iPhone 15 at the flagship store of Apple Smart Products on Nanjing Road Pedestrian Street in Shanghai, China, on May 24, 2024. Costfoto | Nurphoto | Getty ImagesApple was edged out of the top five smartphone vendors' list in China in the...
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." The company said it eventually plans to integrate the tool, which is currently being tested with a...
Lineage begins trading in stock market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol "LINE."Lineage priced 57 million shares at $78 apiece...
Vegas transit system first in U.S. to fully deploy AI scan for weapons
A sign promoting safety is seen on the Regional Transportation Commission 109 Maryland Parkway bus in Las Vegas Thursday, June 8, 2023.Las Vegas Review-journal | Tribune News Service | Getty ImagesOn your next visit to Vegas, an extra set of eyes will be watching you...
Trump raises more than $4 million in bitcoin, other cryptocurrencies
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesNASHVILLE — Former President Donald Trump is headed to...
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Picture Alliance | Getty ImagesCryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according to Coin Metrics. Disappointing...
GE HealthCare taps Amazon Web Services to build generative AI for medical use
Jakub Porzycki | Nurphoto | Getty ImagesGE HealthCare on Thursday announced it is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools that can efficiently analyze complex medical data.The health-care industry is...
Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending...
IBM Q2 earnings report 2024
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM shares rose 5% in extended trading on Wednesday, after the company reported...
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBritish regulators fined Coinbase's U.K. arm £3.5 million ($4.5 million) on Thursday over...
Nvidia supplier SK Hynix posts highest profit in 6 years on AI chip boom
A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6...
Grayscale tries to hold lead in ether ETF battle
Representation of cryptocurrency and Gayscale logo displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesFor crypto firm Grayscale, it's deja vu in the ETF market.On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest...
Britain plans new regulations after setbacks
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesBritain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a...
Revolut clinches UK banking license, ending three-year wait
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions from the U.K.'s...
20 employees cut following $500 million funding
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million...
OpenAI reassigns top safety exec Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC.Madry was OpenAI's head of preparedness, a team that was "tasked...
Lyft president Kristin Sverchek to exit on Aug. 20
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020.Mike Blake |...
Alphabet to invest $5 billion in self-driving car unit Waymo
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet is again investing in its self-driving car unit Waymo — this time with $5 billion."This new round of funding will enable Waymo to continue to build...
DeepL AI translation firm launches traditional Chinese language
DeepL CEO Jaroslaw "Jarek" Kutylowski.DeepLGerman artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia.DeepL, one of Europe's high-profile AI companies valued at $2...
Tesla’s margin getting hammered by discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAs Tesla CEO Elon Musk continues to make lofty...
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesTesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5...
Tesla shares fall 8% in premarket trading after weaker-than-expected earnings
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.Elon Musk's electric...
How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history.When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system.But this was not a Microsoft...
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesBitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox...
Tesla TSLA earnings Q2 2024
Tesla is set to report second-quarter earnings after the bell on Tuesday.Here's what Wall Street is expecting based on a survey of analysts by LSEG:Earnings per share: 62 cents expectedRevenue: $24.77 billion expectedAfter a rocky first half of the year, in which...
Meta debuts newest Llama AI model with help from Nvidia and others
Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous...
What Google decision to keep cookies means for the internet
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies.Daniel Acker | Bloomberg | Getty ImagesGoogle on Monday announced a bold move that has some big implications for advertisers and the future of the...
Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty ImagesAfter years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by...
Tesla quarterly report coming Tuesday. Investors want robotaxi update
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024.Source: Tesla Inc.Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts...
Republican representatives call on CrowdStrike CEO George Kurtz to testify
Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024.Vipin Kumar | Hindustan Times | Getty ImagesRepublican representatives on...
Google-Wiz deal fizzles out, company will pursue IPO
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesWiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the...
CrowdStrike shares tumble as fallout from global tech outage continues
George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.Mike Blake | ReutersCrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company...
AI that can talk with other AI will launch in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesArtificial intelligence-powered agents will be able to work together and solve tasks in a so-called "multi-agent AI" system by 2025, according to technology services giant...
Crowdstrike outage and global software’s single-point failure problem
The frequency of large-scale attacks on corporate enterprise IT is increasing. That's not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the...
The CrowdStrike fail and next global IT meltdown already in the making
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist...
CrowdStrike update that caused global outage likely skipped checks, experts say
A general view from Dusseldorf Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Dusseldorf, Germany. Hesham Elsherif |...
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable.Evelyn ChengBEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable...
What is CrowdStrike (CRWD), and how did it cause global IT outages?
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesA fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT...
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Justin Sullivan | Getty ImagesNvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock...
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the...
Microsoft, CrowdStrike shares fall after major IT outage
CrowdStrike makes software to help firms manage their security in IT environments.Sopa Images | Lightrocket | Getty ImagesCybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.Shares...
Microsoft says it restored cloud services but issues continue
The exterior view of the Microsoft Times Square building in New York City on Jan. 29, 2023.Kena Betancur | Corbis News | Getty ImagesMicrosoft's cloud services have been restored after an outage, the company said on Friday, but many users are still reporting issues.It...
CrowdStrike suffers major outage affecting businesses around the world
Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally.The outage resulted from an issue with the latest update, the company said. CrowdStrike is now in the process of rolling back that update globally.The...
U.S. online sales climb to record $14.2 billion
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesOnline spending in the U.S. surged 11% year over year to $14.2 billion during Amazon's 48-hour Prime Day event, topping...
OpenAI 4o mini model announced
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI on Thursday launched a new AI model, "GPT-4o mini," the artificial intelligence startup's...
Texas miners leave crypto for next new wave
Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas.Robert Daemmrich | Corbis | Getty ImagesJust off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping...
Ethereum co-founder warns against voting only on ‘pro-crypto’
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance."The game of politics is much more complicated than just 'who wins the next election', and there are a...
Asia chip stocks tumble amid news the U.S. may consider trade curbs
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty ImagesChip stocks in Asia tumbled on...
Chinese regulators begin testing GenAI models on socialist values
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty ImagesAI companies in China are undergoing a government review of their large language models, aimed at ensuring they "embody core socialist values," according to a report...
TSMC Q2 2024 earnings
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024.David Paul Morris | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI...
Anthropic, Menlo Ventures launch $100 million Anthology Fund for AI
Anthropic and one of its biggest investors are taking a page from Apple's playbook.The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company's technology. Menlo...
Global chip stocks from Nvidia to ASML fall as geopolitics, Trump weigh
Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S. President Donald Trump.ASML's Netherlands-listed shares...
Amazon’s deal with AI startup Adept faces FTC scrutiny
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersThe Federal Trade Commission has launched an informal inquiry into Amazon's recently announced deal with AI startup Adept, CNBC has confirmed.The FTC is seeking more...
Trump says Taiwan should pay the U.S. for defense; shares of TSMC fall
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024.Brendan Mcdermid | ReutersFormer U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should...
Labour’s gains in London have private equity looking to exit country
A view of the Palace of Westminster with Big Ben a day before General Election, in London on July 3, 2024.Nurphoto | Nurphoto | Getty ImagesLONDON — With the British parliament back from recess, the UK's Labour Party will start working to push through aggressive...
ASML earnings report Q2 2024
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023.Piroschka Van De Wouw | ReutersASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm's...
Elon Musk says SpaceX and X headquarters moving to Texas, blames new CA trans student privacy law
US billionaire businessman and pilot Jared Isaacman flies in formation aboard a fighter jet over the SpaceX sign, close to the Starship spacecraft, before his third test flight from Starbase in Boca Chica, Texas, on March 13, 2024.Chandan Khanna | AFP | Getty...
Neuralink rival Synchron is using OpenAI models to power chat feature
Mark using Synchron's BCI Courtesy: SynchronA 64-year-old named Mark has spent the last year learning how to control devices like his laptop and phone using a brain implant. And thanks to OpenAI, it's gotten a whole lot easier to do. The neurotech startup Synchron...
Andreessen Horowitz founders plan to donate to pro-Trump PACs
Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Calif. on Tuesday, Sept. 13, 2016. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst...
Amazon’s Prime Day causes worker injuries, Senate probe finds
An Amazon workers pull a cart of packages for delivery on E 14th Street on July 12, 2022 in New York City.Michael M. Santiago | Getty ImagesAmazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a "major" cause of worker injuries, according to the...
Microsoft hiring of AI Inflection staff referred for UK merger probe
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesMicrosoft's hiring of certain former employees from artificial...
Self-proclaimed bitcoin inventor Craig Wright referred to prosecutors
Craig Wright, self-declared inventor of Bitcoin, arrives at federal court in West Palm Beach, Florida, U.S., on Friday, June 28, 2019.Saul Martinez | Bloomberg | Getty ImagesLONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on...
Uber now lets riders see average wait times, costs in many cities
Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesUber on Tuesday announced it's rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities.The feature, which aims to make planning summer travel easier,...
Apple iOS 18 public beta released: How to install
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.Bloomberg | GettyApple on Monday released a preview version of its big new iPhone update.The...
How AI and automation will reshape grocery stores and fast-food chains
AI isn't just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend.Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such...
Crypto stocks like Coinbase and Microstrategy soar as bitcoin rallies
SAN ANSELMO, CALIFORNIA - JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly...
Google in talks for $23 billion deal with Wiz: WSJ
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street...
Elon Musk endorses Trump after shots were fired at former president
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk posted on X that he "fully" endorses Donald Trump moments after the former president...
a $43 million Veterans Affairs simulation hospital
An operating room at SimVETCourtesy: SimVETInside a sprawling $43 million Veterans Affairs facility equipped with operating rooms, intensive care units and an outpatient clinic, there are no patients. At least not any real ones. The 53,000-square-foot building sits...
Amazon sellers get dinged after Target discount snafu
An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesWhen Brandon Fishman ran a discount on his vitamin-infused coffee for Target's weeklong deals event, he wasn't worried about how it would affect...
Balloons to hoist tourists 100,000 feet into the stratosphere
Commercial space flight is becoming more and more common, with companies including SpaceX, Blue Origin and Virgin Galactic all transporting paid customers into space over the last several years.People interested in seeing the earth from an unusual vantage point may...
Meta lifts Trump’s Facebook, Instagram restrictions before election
Former President Donald Trump speaks during his campaign rally at the Trump National Doral Golf Club on July 09, 2024 in Doral, Florida. Joe Raedle | Getty Images News | Getty ImagesMeta said Friday it's removing any previously imposed penalties and restrictions on...
Snowflake shares slip after AT&T says hackers accessed data
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesSnowflake has spent the past seven weeks dealing with the fallout of...
Biggest risks of gen AI in your private life: ChatGPT, Gemini, Copilot
Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. But many ignore the potential privacy ramifications, which can be significant.From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the...
Inceptive CEO Jakob Uszkoreit says AI will transform pharmaceuticals
Before co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying to speed up the training of neural networks.He suggested using a...
Elon Musk’s X deceives users and breaches online content rules, EU says
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024.David Swanson | ReutersElon Musk's X is in breach of EU online content rules as the social media platform uses "dark...
Microsoft giving up OpenAI board observer seat doesn’t settle concerns
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft has given up its observer seat on OpenAI's board. Apple, which was reportedly expected...
Samsung is developing AI features specifically for China
TM Roh, head of Samsung's mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France.Arjun Kharpal | CNBCBut China, the world's biggest smartphone market, has been a struggle for Samsung over the last few years. Its market share for...
Apple expands Vision Pro to more countries outside the U.S.
The Apple Vision Pro headset is displayed at the Fifth Avenue Apple store on Feb. 2, 2024 in New York City.Michael M. Santiago | Getty Images News | Getty ImagesApple's mixed reality headset, the Vision Pro, will become available in more countries outside of the U.S....
Tesla shares fall 6% after report of robotaxi unveiling delay
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla shares fell about 6% on...
Too young for an iPhone? Apple promoting Apple Watch for kids
A shopper holds an Apple Watch Series 8 on sale at the company's Fifth Avenue store in New York, Sept. 16, 2022.Jeenah Moon | Bloomberg | Getty ImagesApple is trying a new tactic to get its products in the hands of younger users.The iPhone maker on Wednesday launched...
Apple reaches deal with EU to open up mobile payments system to rivals
The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024.Anadolu | Anadolu | Getty ImagesLONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to...
Musk says next Neuralink brain implant expected in ‘next week or so’
Jonathan Raa | Nurphoto | Getty ImagesElon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within "the next week or so." Executives also said the company is making changes to address the hardware problems...
Samsung to launch upgraded Bixby this year with its own AI
TM Roh, head of Samsung's mobile division, discusses the artificial intelligence featues as part of Galaxy AI at the Galaxy Unpacked event in Paris, France on July 10, 2024.Arjun Kharpal | CNBCPARIS — Samsung will launch an upgraded version of its voice assistant...
HubSpot shares plunge 13% on report that Alphabet is shelving interest
HubSpot shares plunged 13% on Wednesday after a report said Alphabet isn't going forward with plans to buy the software company.According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, "but the sides didn't reach a point of detailed discussions...
Sublime Systems says cement is being made with zero carbon emissions
Next to water, concrete is the most commonly used material on earth. But the traditional way to create its prime ingredient, cement, is not kind to the planet.The global cement production industry accounts for about 8% of carbon emissions annually. It's usually made...
Election deepfakes may undermine institutional credibility: Moody’s
With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody's on Wednesday warns that generative AI and deepfakes are...
Everything launched at the event
Samsung launched two new foldable smartphones at its Unpacked event in Paris: the Galaxy Flip6 and the Galaxy Fold6.Arjun Kharpal | CNBCOn Wednesday, Samsung held its Unpacked Event, where it launched a slew of products.Here's a list of all the products the tech giant...
Samsung Galaxy Ring launch: Price, specs, feature, availability
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung's first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones.Arjun...
Samsung Galaxy Z Fold6 and Z Flip6 launch: Price, specs, features
Samsung launched the Galaxy Z Fold6 at its Unpacked event in Paris, France. The tech giant said the foldable device is thinner and lighter than its predecessor.Arjun Kharpal | CNBCPARIS — Samsung launched its latest foldable smartphones on Wednesday — and they're...
Microsoft drops its observer seat on OpenAI board
Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to...
Company to cut 10% of workforce
Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty ImagesUiPath, a developer of automation software, is cutting 10% of...
Etsy escaping ‘race to the bottom’ and getting back to artisan roots
Josh Silverman, CEO of Etsy.Adam Jeffery | CNBCWhen Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has...
San Francisco’s real estate slide continues as office vacancies peak
Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market.The vacancy rate for San Francisco office space reached a fresh record of 34.5% in the second quarter, according to a...
Stolen crypto doubled to $1.38 billion in the first half of 2024: TRM Labs
Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesHackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed.The report said $1.38 billion worth of crypto was...
Amazon announces new $79 Echo Spot alarm clock
Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.The company added a display where users can check the time, weather or see what song is playing. Amazon also put a better speaker in the front of the device....
Corning stock up 12% as AI boom drives stronger-than-expected demand
Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the...
Germany owns $2 billion in bitcoin (BTC). It’s freaking out investors
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Gox.Cfoto | Future Publishing | Getty ImagesFor weeks now, Germany's government has been selling hundreds of millions of dollars worth of bitcoin — and...
Why Amazon, Tesla and Microsoft are investing in AI-powered robots
AI-powered robots are popping up across Silicon Valley. If some industry experts are right, they could help solve a global labor shortage.Companies like Tesla, Amazon, Microsoft and Nvidia have plowed billions of dollars into what are known as "humanoid" robots. These...
Cohere CEO and ex-Google researcher Aidan Gomez on how AI makes money
Aidan Gomez was an intern at Google Brain in 2017, when he helped co-author the "Attention Is All You Need" paper that conceptualized the transformer and eventually kicked off the generative artificial intelligence boom."There's no one in the field who was around back...
Tesla shares wipe out loss for the year with 27% rally this week
Elon Musk attends "Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk" during the Cannes Lions International Festival Of Creativity 2024 - Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesTesla's stock price...
Mt. Gox begins repaying bitcoin to creditors a decade on from collapse
Thomas Trutschel | Photothek | Getty ImagesThe trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors.The...
AI drives up earnings, shares pop
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Samsung Electronics jumped to their highest level...
Bitcoin (BTC) price slides to 2-month low after Fed meeting minutes
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S....
App compatibility, battery life shine
With Microsoft's new Surface Pro Flex Keyboard, you can type and use the trackpad without the accessory being physically connected to the 11th edition of the Surface Pro.Jordan Novet | CNBCWhen Microsoft announced its new line of Windows PCs in May, the company said...
Tesla short sellers lost $3.5 billion in two days after Q2 deliveries
An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. - US electric car pioneer Tesla received the go-ahead for its "gigafactory" in Germany on March 4, 2022,...
China EVs hit with EU tariffs; Nio says it may have to raise prices
The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result. The European Commission, the executive arm of the European Union,...
SoftBank shares hit record high after 24 years on Arm and AI boost
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares hit a record high on Thursday, just as the company's massive tech investment arm shows signs of...
China leads the generative AI patents race; Tencent, Baidu top list: UN
TIANJIN, CHINA - JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty...
Microsoft to settle case on protected leave for California employees
A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 in Barcelona on Feb. 26, 2024.Xavi Torrent | Getty Images News | Getty ImagesMicrosoft is paying $14.4 million to settle a case in California over allegations that the company retaliated...
China’s BYD is set to beat Tesla in 2024 battery EV sales
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany.Leonhard Simon | Getty Images News | Getty ImagesChinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this...
Tesla (TSLA) Q2 vehicle deliveries and production numbers
Brand-new Tesla cars sit parked at a Tesla dealership on May 31, 2024, in Corte Madera, California.Justin Sullivan | Getty ImagesTesla just posted its second-quarter vehicle production and deliveries numbers for 2024.Here are the key numbers:Total deliveries Q2 2024:...
Bitcoin to hit new all-time high this year if history plays out: Report
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France.Chesnot | Getty Images News | Getty ImagesBitcoin has not reached the top of its current appreciation cycle and is likely to go...
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a...
Salesforce shareholders vote against pay for Benioff, top executives
Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce investors voted against the company's compensation plan for top executives, after shareholder advisory groups raised...
Supreme Court punts social media moderation cases to lower courts
Chris Marchese (L), director of the NetChoice Litigation Center, looks on as Matt Schruers (C), president and CEO of the Computer & Communications Industry Association, speaks to reporters outside of the U.S. Supreme Court in Washington, D.C., on Feb. 26,...
Crypto firm Circle gets French license for stablecoin
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesCryptocurrency firm Circle said Monday it's now registered as an electronic money institution,...
Meta accused of failing to comply with EU antitrust rules
Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.Igor Golovniov | SOPA Images | LightRocket | Getty...
Gen Z’s shopping habits are heavily driven by TikTok and influencers: KPMG
Young Asian woman unboxing new purchase clothings from cardboard box that received from her online shopping retail delivery at home. She is happy and excited to see the content from the box. Online shopping, trustworthy parcel delivery serviceD3sign | Moment | Getty...
Google invests in BlackRock-backed solar developer in Taiwan amid AI boom
The aerial view reveals the mutual benefits of combining solar energy production and agricultural land use. Farmers can lease their land to solar energy developers, diversifying their income streams while maintaining agricultural activities on the remaining areas....
Mt. Gox about to unload $9 billion of bitcoin — what it means for BTC
Omer Taha Cetin | Anadolu | Getty ImagesA bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars' worth of the token to users — and it has investors worried.In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will...
Bitcoin windfall comes for Mt. Gox creditors after 10,000% price spike
Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds.Kiyoshi Ota | Bloomberg | Getty ImagesMt. Gox, the Japanese bitcoin exchange that...
Tech founders are shunning IPOs after extended market lull: Techstars
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known...
Amazon hires execs from AI startup Adept and licenses its technology
The front desk of the Amazon office is pictured in New York, May 1, 2019.Carlo Allegri | ReutersAmazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company's technology.Rohit...
Amazon doubling value of credits for startups to build on AWS cloud
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services.Starting July 1, startups that have raised a Series A...
SEC sues ethereum company Consensys, expanding industrywide crackdown
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.Riccardo Savi | Getty Images for Concordia SummitCrypto firm Consensys has been added to the SEC's list of targets, as the regulator continues its industrywide crackdown.The Securities and...
SoftBank to raise $1.86 billion in debt as CEO talks up ‘super’ AI
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’
Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City.Getty ImagesPeter Thiel, once one of Donald Trump's major financial backers in the tech industry, said...
AI’s power is worthless without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024.HonorHANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of...
OpenAI, Microsoft sued by Center for Investigative Reporting
The news industry just gained a powerful ally in its effort to take on OpenAI.The Center for Investigative Reporting, the country's oldest nonprofit newsroom, sued OpenAI and lead backer Microsoft in federal court on Thursday for alleged copyright infringement,...
Figma CEO says it’s ‘eating cost’ of AI for customers in 2024 upgrade
As design firm Figma rolls out its first major AI upgrade for its platform, CEO and founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of...
OpenAI and Time strike multi-year content deal to improve ChatGPT
Budrul Chukrut | Lightrocket | Getty ImagesOpenAI and Time on Thursday announced a "multi-year content deal" that will allow OpenAI to access current and archived articles from more than 100 years of Time's history.As part of the deal, the Microsoft-backed startup...
Illia Polosukhin of Google Transformer 8 and Near on democratizing AI
Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible.Now, Polosukhin is...
Amazon plans discount store in bid to fend off Temu and Shein
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York on April 16, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that...
Micron shares slide after revenue forecast fails to top estimates
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022.Adam Galica | CNBCMicron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a...
Crypto catches M&A frenzy as bitcoin miners chase AI boom
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America.Crypto companies are suddenly at the center of deal-making. The catalyst is artificial intelligence.Bitcoin mining companies have expansive data centers, with access to fiber...
France’s AI push puts it on the rise
In the 13th arrondissement of the French capital Paris is an old rail freight station that has been converted into the world's biggest startup campus.Known as Station F, the massive complex, which can house 1,000 startups and has corporate partners including U.S. tech...
Europe wants to deploy data centers into space, study says
A data center.Erik Isakson | DigitalVision | Getty ImagesThe rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital storage, in a bid to reduce its...
Amazon reaches $2 trillion market cap for the first time
Amazon CEO Andy Jassy.CNBCAmazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company's market cap past $2 trillion for the first time.In crossing the milestone, Amazon joins Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2...
Nvidia CEO speaks at first shareholder meeting since stock surge
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang said on Wednesday that the company's advantage in artificial intelligence chips was thanks to a bet it made...
Google testing facial recognition technology for security near Seattle
Josh Edelson | AFP | Getty ImagesGoogle is testing facial recognition technology for office security "to help prevent unauthorized individuals from gaining access to our campuses," according to a description of the program that was viewed by CNBC.The initial test is...
Apple expands its self-service repair program to Europe
Dominika Zarzycka | Lightrocket | Getty ImagesApple announced on Thursday that its self-service repair program is now available in Europe.The program, dubbed Apple Diagnostics for Self Service Repair, gives consumers the ability to test products for optimal parts...
America’s drinking water is under attack by China, Russia and Iran
Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty ImagesThe City of Wichita recently had an experience that's become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment...
Nvidia deal: U.S. chip curbs just ‘business as usual’: Ooredoo CEO
Jakub Porzyck | Nurphoto | Getty ImagesQatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology.Ooredoo earlier this week signed a...
Europe risks falling behind US and China on AI: Prince Constantijn
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator.Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince...
Shopee agreed to adjust practices in Indonesia after competition law violation
BRAZIL - 2022/03/22: In this photo illustration, a woman's silhouette holds a smartphone with a Shopee logo in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Rafael Henrique | Sopa Images | Lightrocket | Getty...
Waymo opens robotaxi service to all San Francisco users
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersWaymo robotaxis are now open to all users in San Francisco, expanding the self-driving ride-hailing service, which has been available in...
Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim
The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. Ringo H.W. Chiu | APTesla has issued two more recalls for its Cybertruck pickups in the U.S., as the automaker continues to face challenges with its newest electric...
Bitcoin bounces above $61,000, Solana leads cryptocurrencies higher
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets.Bitcoin advanced more than 3% on Tuesday to $61,741.78, according to Coin Metrics. The move coincided with a...
Nvidia (NVDA) stock rout leaves global chip shares volatile
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersGlobal semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.Shares...
Amazon Prime Day 2024 sale runs July 16 and 17
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty ImagesAmazon's Prime Day mega sale event will return on July 16 and 17, the company announced Tuesday.Like in previous years,...
Etched raises $120 million to build chip to take on Nvidia in AI
Etched co-founders Robert Watchen, Gavin Uberti, and Chris ZhuEtchedNvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month.A 2-year-old startup founded by...
Microsoft’s ‘abusive’ bundling of Teams, Office products breached antitrust rules, EU says
The Microsoft Teams displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesThe European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products."The European Commission has informed...
Cisco is ‘very optimistic’ about its growing business with China EVs
Cisco established operations in China in 1994.Sopa Images | Lightrocket | Getty ImagesDALIAN, China — Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on...
Oracle warns that a TikTok ban would hurt business
Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel...
Nvidia slides 13% in three days after becoming most valuable company
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersSince briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from...
OpenAI changes secondary stock sale rules, treats ex-staffers equally
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI has reversed its policies toward secondary share sales, and will now allow current and former...
Bitcoin tumbles back to $60,000 to start the week
A photo illustration depicting the cryptocurrency bitcoin.Jakub Porzycki | NurPhoto via Getty ImagesBitcoin continued its descent to $60,000 on Monday.The price of the flagship cryptocurrency was last down by more than 4% at $61,211.00, according to Coin Metrics....
Synthesia now lets you make AI avatar presentations using a webcam
Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone.SynthesiaSynthesia, a British artificial intelligence startup, on Monday showed off a slew of new product updates including the ability to create...
China wants EU to scrap higher tariffs and ‘abide by WTO rules’
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty...
Apple App Store rules are in breach of EU tech rules, regulators say
The Apple logo.Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives.The European Commission, the EU's executive...
Nvidia is little known despite topping $3 trillion in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersApple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They're are also...
Tesla has downsized by at least 14% this year, internal number shows
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla's hefty downsizing in 2023 has reduced its global headcount to just over 121,000 people, including temps, internal records suggest,...
Apple Intelligence AI not coming to Europe this year
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty ImagesApple said Friday it won't release several...
SoftBank CEO predicts AI that is 10,000 times smarter than humans
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making...
Amazon plastic air pillows to be replaced with paper filler
Amazon said Thursday it has removed 95% of the plastic air pillows from its packaging in North America and will replace them with paper fillers made from 100% recycled content.It marks Amazon's largest plastic-packaging reduction effort and will help it remove nearly...
Kinetic rolls out robots to fix electric cars, and someday robotaxis
Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris WeberCourtesy: Kinetic AutomationWhile electric vehicle demand is still increasing in the U.S., the sales growth rate for cars that pollute less has cooled down in 2024 due partly to the high cost of...
Anthropic Claude 3.5 Sonnet AI announced
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet.Claude is one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity...
OpenAI co-founder Ilya Sutskever announces Safe Superintelligence
Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever, who left the artificial intelligence...
Apple AI push faces big challenges in China
The Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Jonathan Raa | Nurphoto | Getty ImagesApple's big artificial intelligence push faces some big challenges in China — one of the iPhone maker's most critical markets —...
Europe’s top-funded genAI startups founded by ex-Big Tech staff: Accel
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024.Chesnot | Getty Images Entertainment | Getty ImagesMost of the top-funded...
Elon Musk softens ‘go f— yourself’ comment to woo advertisers
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesElon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform.At the Cannes...
FTC refers TikTok complaint to DOJ
The TikTok logo is displayed at TikTok offices on March 12, 2024 in Culver City, California.Mario Tama | Getty ImagesThe Federal Trade Commission said Tuesday that it's referred its complaint against TikTok and Chinese parent ByteDance to the U.S. Department of...
Amazon fined $5.9 million for over 59,000 violations of California labor laws
An Amazon warehouseGetty ImagesCalifornia's labor regulator on Tuesday said it fined Amazon nearly $6 million for violating a state law aimed at curtailing the use of onerous warehouse productivity quotas.The California Labor Commissioner's Office said it investigated...
Can the UK and London maintain its lead?
The U.K. is the No. 1 country in Europe for tech by many accounts.In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking.It's the No. 1 location in Europe for funding — with...
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it's raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an...
Nvidia passes Microsoft in market cap, is most valuable public company
Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersNvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.Shares of the chipmaker climbed...
Bitcoin back below $65,000 for the first time in more than a month
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin fell with the broader cryptocurrency market on Tuesday amid concerns about the global economy...
Amazon Labor Union votes to join forces with Teamsters
An Amazon Labor Union rally in the Staten Island borough of New York, on Sunday, April 24, 2022.Victor J. Blue | Bloomberg | Getty ImagesMembers of the Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, have voted to affiliate with...
Apple issues ‘very serious’ under landmark EU rules: Vestager
Apple has a number of "very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone...
Activist Starboard sues Autodesk in bid to mount proxy fight
Autodesk president and CEO Andrew Anagnost.AutodeskStarboard Value sued software maker Autodesk on Monday to delay the company's annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight.Activists can typically only begin a...
TravelPerk acquires US rival AmTrav, bags $135 million for expansion
LONDON — TravelPerk, a European corporate travel booking platform, told CNBC on Tuesday it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S.AmTrav, which operates in the same space as TravelPerk, will continue to operate under the...
Apple stops offering buy now, pay later loans in U.S.
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple said on Monday that it has stopped issuing loans through Apple Pay Later, its...
Apple Watch 10 to include larger screen, thinner design: Kuo
Apple Watch Series 9Source: Apple Inc.Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen.The Apple Watch Series 10 is expected to be released in September when the company typically introduces...
Apple supplier TDK announces solid-state battery breakthrough
Apple Watch SE is seen in a store in Krakow, Poland on April 20, 2024.Nurphoto | Nurphoto | Getty ImagesJapanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries, making a breakthrough that it estimates...
Malaysia emerges as Asian data center powerhouse, amid booming demand
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty ImagesMalaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial...
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board...
Inside latest crypto firm paying billions to end legal troubles
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to...
Advisors ‘wary’ of bitcoin ETFs are on slow adoption journey, says BlackRock exec
Jonathan Raa | Nurphoto | Getty ImagesThe long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock's Samara Cohen.For now, about 80% of bitcoin ETF...
Adobe shares surge and head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares surged 15% on Friday, the biggest gain since March 2020, after the...
Google-backed Tempus AI pops by as much as 15% in Nasdaq debut
Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker...
Microsoft to delay launch of AI Recall tool due to security concerns
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft will no longer ship Recall, an artificial intelligence tool that tracks user...
Jared Kushner investments included bet on Amazon aggregator Unybrands
A video of Jared Kushner is shown on a screen, as the House select committee investigating the Jan. 6 attack on the U.S. Capitol holds a hearing at the Capitol in Washington, Thursday, July 21, 2022. Alex Brandon | ReutersIn March 2022, Jared Kushner was called to...
OpenAI adds former NSA chief to its board
Paul Nakasone, director general of the National Security Agency, testifies during a hearing of the Senate Select Committee on Intelligence about worldwide threats, on Capitol Hill in Washington, April 14, 2021.Saul Loeb | Pool | ReutersOpenAI on Thursday announced its...
Tesla shareholder Elon Musk pay package at annual meeting
Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.At Tesla's annual meeting in Austin, Texas, the...
Adobe (ADBE) Q2 earnings report 2024
Shantanu Narayen, CEO of Adobe being interviewed by Jim CramerLinda Dimyan | CNBCAdobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance.Here's how the...
Elon Musk says Optimus robots could make Tesla $25 trillion company
A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg |...
CleverCards, a configurable payments startup, raises $8.6 million
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.CleverCards, a...
New Apple iPhone app proves how hard it is to kill the online password
Apple Intelligence was unveiled during Apple's Worldwide Developers Conference in Cupertino, California, on June 10, 2024.Source: Apple Inc.For years, cybersecurity experts have been predicting the death of the online password as more advanced log-in features, from...
Broadcom stock up on earnings beat, increased demand for AI chips
Hock Tan, CEO of BroadcomLucas Jackson | ReutersBroadcom shares are up about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts' estimates and showed the company is benefiting from the artificial intelligence boom.Broadcom...
Microsoft employees’ cybersecurity work will factor into their pay
Satya Nadella, CEO of Microsoft, arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will evaluate its employees' cybersecurity contributions in reviews that will factor into their compensation, Brad...
Donald Trump says he wants all future bitcoin to be mined in the U.S.
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his...
Google ‘won’t always find mistakes’ in AI, search VP Reid tells staff
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesGoogle's new head of search said at an all-hands meeting last week that mistakes will occur as artificial intelligence becomes more...
Honor Magic V Flip launch: Specs, price, availability
Honor Magic V Flip is Honor's first "flip" style foldable smartphone.HonorHonor on Thursday launched its first flip foldable phone as the Chinese electronics maker looks to step up its challenge in the high-end market against major players like Samsung.The Honor Magic...
Wise shares plunge after fintech projects slower growth
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesShares of British money transfer company Wise dropped on Thursday after the company projected weaker annual revenue growth in the current fiscal year.The firm's...
Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10%...
Tesla shareholder vote on Musk pay plan won’t clear ‘legal disputes’
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.David Swanson | ReutersTesla's annual meeting on Thursday in...
Solugen locks in $214 million Energy Department loan to build a ‘bioforge’ for sustainable chemicals production
Solugen makes water treatment chemicals and others from renewable feedstock.Todd Spoth for SolugenA Houston-based startup called Solugen has locked in a $214 million loan commitment from the U.S. Department of Energy via the program that's most famous for financing...
Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union...
Databricks says annualized revenue to reach $2.4 billion in first half
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024.Jordan Novet | CNBCDatabricks, the data analytics software vendor that's among the most richly valued private U.S. tech...
Fintech has hit a bottom after valuation plunge, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAMSTERDAM — The financial technology industry is embracing a new normal — with some...
Revolut moves global HQ in Canary Wharf as it awaits UK bank license
A mockup of what Revolut's new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup.RevolutBritish financial technology firm Revolut...
Musk says Tesla shareholders likely approved his $56 billion pay deal
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesElon Musk said on late Wednesday that Tesla...
China EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Chinese electric vehicle makers mostly...
Larry Ellison is $18 billion richer as Oracle rallies most since 2021
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle Chairman Larry Ellison is $18 billion richer after the software maker he...
Oracle stock pops 10% on AI demand, new deals with Google and OpenAI
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California. Justin Sullivan | Getty ImagesOracle shares jumped more than 10% on Wednesday, a day...
Apple AI plans make it most valuable company in the world
Apple CEO Tim Cook attends the annual developers conference event at the company's headquarters in Cupertino, California, on June 10, 2024.Carlos Barria | ReutersApple surpassed Microsoft on Wednesday to become the most valuable company in the world, after it...
Tesla could get special duties as part of EU’s higher China EV tariffs
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla could be hit with a specially...
Black Semiconductor raises $274 million in funding in Europe chip push
Europe is attempting to boost its homegrown semiconductor industry. Darya Komarova | Moment | Getty ImagesBlack Semiconductor, a startup aiming to create next-generation chip technology, on Wednesday said it raised 254.4 million euros ($274 million), mainly from the...
Mistral AI raises $645 million at a $6 billion valuation
French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.Chesnot | Getty Images Entertainment | Getty ImagesMistral AI, a French tech...
Elon Musk drops suit against OpenAI and Sam Altman
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
U.S. reportedly weighing more limits on China’s access to AI chip tech
Sinology | Moment | Getty ImagesThe U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday.The Biden administration is weighing actions that would target high-tech chip...
AWS to launch new infrastructure region in Taiwan as it expands in APAC
Rio de Janeiro , Brazil - 4 May 2023; Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. (Photo By Eóin Noonan/Sportsfile for Web Summit Rio via Getty Images)Eóin Noonan | Sportsfile | Getty ImagesAmazon Web...
Apple Vision Pro to debut in China, Japan and Singapore this month
The Apple Vision Pro headset is seen on display at the Fifth Avenue Apple store on February 02, 2024 in New York City. Michael M. Santiago | Getty ImagesApple announced on Tuesday that it will launch its flagship virtual reality headset, the Apple Vision Pro, in...
Oracle (ORCL) Q4 earnings report 2024
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.Here's how the company did in comparison with LSEG...
OpenAI insider stock sales are raising concern among ex-employees
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company,...
WeWork emerges from bankruptcy, announces John Santora as new CEO
A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023.Yuki Iwamura | Bloomberg | Getty ImagesWeWork, the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday, and named Cushman & Wakefield executive John...
AI is getting very popular among students and teachers, very quickly
Hyoung Chang | Denver Post | Getty ImagesThe American public as a whole remains on the fence with artificial intelligence, according to many polls, but in education, adoption among teachers and students is rapidly rising.In a little over a year, the percentage of...
Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve's next rate decision.The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin...
Apple shares pop to record high after company unveils AI software
Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple shares popped 5% to a new record high of around $203 per share on Tuesday, a day after...
Spotify to introduce expensive plan later this year
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Spotify made an announcement that it will be raising the price of its Spotify Premium Individual plan by $1, from $10.99 to $11.99 per month and the Premium Family...
Sotheby’s, Fanatics team up to offer rare sports trading card auctions
A 1948 Leaf #79 Jackie Robinson card, which is the only true rookie card of the sports icon.FanaticsFanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with Sotheby's that will create a...
Apple execs explain why its AI is different
Apple CEO Tim Cook (L), John Giannandrea (C), senior VP of machine learning and AI strategy and Craig Federighi (L), senior VP software engineering, speak during Apple's annual Worldwide Developers Conference (WDC) in Cupertino, California on June 10, 2024. Nic Coury...
Mastercard to phase out card entry for e-commerce by 2030 in Europe
Roberto Machado Noa/ LightRocket via Getty ImagesLONDON — The experience of paying for products and services online could feel a lot different in the coming years.Starting from 2030, Mastercard will no longer require Europeans to insert their card numbers manually...
OpenAI hires new CFO and product chief, announces Apple partnership
Sarah Friar has been named OpenAI CFOAnjali Sundaram | CNBCOpenAI on Monday hired two top executives and announced a partnership with Apple that includes a ChatGPT-Siri integration, the company announced in two blog posts.The company said Sarah Friar, previously CEO...
Apple Intelligence supported on iPhone 15 Pro, M1 Macs and iPads
Apple Intelligence introduced during Apple's WWDC2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple finally dove headfirst into artificial intelligence on Monday with its announcement of Apple Intelligence. But to run it on your iPhone, you might...
Elon Musk to ban Apple devices from his companies over OpenAI deal
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk, the CEO of Tesla and...
Tech bosses urge focus on AI skills, growth
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election.Pa Images | Getty...
Ripple launches Japan and Korea fund to drive blockchain innovation
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesBlockchain firm Ripple has launched a Japan and Korea fund, aimed...
EU is expected to unveil tariff plans for Chinese EVs this week
TOPSHOT - People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images)Lillian...
Computing firm to raise $211 million
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesShares of Raspberry Pi on Tuesday rose 39% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial...
CrowdStrike rallies on cybersecurity company’s inclusion in S&P 500
George Kurtz, chief executive officer of CrowdStrikePatrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares jumped as much as 10% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm...
Abbott receives FDA approval for Libre Rio and Lingo
Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAbbott Laboratories announced on Monday it received approval from the U.S. Food and...
Microsoft outsourcing best AI, Google could end up winning: Okta CEO
This photograph shows a screen displaying the logo of Bard AI, a conversational artificial intelligence software application developed by Google, and ChatGPT.Lionel Bonaventure | Afp | Getty ImagesLONDON — Microsoft is handing over the development of all of its best...
Boeing’s years-long struggle to launch astronauts on Starliner
Boeing's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program.NASA also...
Bitcoin ETFs are wooing a new investor who may rebalance bitcoin as it soars
Vertigo3d | iStock | Getty ImagesCrypto's culture encourages investors to "HODL," or hold on for dear life, in the rollercoaster ride of bitcoin's extreme fluctuations.But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional...
Amazon, Best Buy may soon sell smart devices with ‘hacker-safe’ label
Consumers have become accustomed to all sorts of labels and seals of approval on products in the shopping process, from the Energy Star to sustainability standards. Next up, shoppers should prepare for a hacking-safe seal of approval in the works for home gadgets and...
Waystar shares slip in debut after pricing IPO in middle of range
The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", outside the Nasdaq Market site in New York City, U.S., March 26, 2024. Brendan Mcdermid | ReutersWaystar shares slid...
Microsoft says Recall feature for Copilot+ PCs will be off by default
Microsoft CEO Satya Nadella speaks at an event on Microsoft's campus in Redmond, Washington, on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft said an artificial intelligence feature on new PCs that captures screenshots and enables search of user...
Apple to show its vision of the AI-powered future at WWDC 2024
Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | Afp | Getty ImagesFor years, Apple avoided using the acronym AI when...
After ChatGPT and the rise of chatbots, investors pour into AI agents
Rafael Henrique | Lightrocket | Getty ImagesEarlier this year, financial services company Klarna said its artificial intelligence agent, powered by OpenAI, had taken over two-thirds of customer chats and was doing work equivalent to that of 700 full-time agents. That...
John Giannandrea is the quiet exec behind company’s strategy
Apple is behind on artificial intelligence.Now, the company is getting ready to unleash its first wave of user-facing AI products. And behind that push is John Giannandrea, a Silicon Valley veteran who is Apple's top executive in charge of AI strategy.On Monday, Apple...
Trump hits tech fundraiser in San Francisco, some guests pay $300,000
Republican presidential candidate and former U.S. President Donald Trump gestures outside Trump Tower, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in...
Priceline, Ramp deal to disrupt ‘archaic’ business travel model
Hinterhaus Productions | Stone | Getty ImagesRamp, the expense management company recently valued at $7.65 billion, is moving into business travel through a deal with Booking Holdings' Priceline, as the growing number of corporate spend platforms look to retain and...
Alphabet CFO Anat Ashkenazi jumps from GLP-1 boom to generative AI
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyAlphabet's outgoing finance chief, Ruth Porat, spent the past year and a half trying to help her internet company navigate the generative artificial intelligence boom. The person who was...
Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell
Humane, the AI hardware startup founded by ex-Apple designers, is seeking a buyer after its AI Pin's lukewarm debut, according to a source familiar with the matter. The company is currently in talks with HP and other firms, including more than one telecom company, the...
U.S. regulators to open antitrust probes into Nvidia, Microsoft and OpenAI
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty...
Nvidia hits $3 trillion market cap on back of AI boom
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia shares closed up 5% to $1,224.40 on Wednesday, giving the company a market cap above $3 trillion for the first time as investors...
Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp.The...
TSMC affiliate Vanguard to build $7.8 billion Singapore wafer with NXP
A worker moves a wafer bank at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | ReutersTaiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip...
Salesforce to open new AI center in London in UK investment drive
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty ImagesLONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on...
Nvidia passes Apple in market cap
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.David Paul Morris | Bloomberg | Getty ImagesNvidia briefly passed Apple in market cap on Wednesday during intraday trading as the...
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
A view of Google Headquarters in Mountain View, California, United States on April 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesEli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, Google's parent company announced...
Amazon’s first U.S. labor union moves to affiliate with Teamsters
Amazon workers arrive with paperwork to unionize at the National Labor Relations Board office in Brooklyn, New York, Oct. 25, 2021.Brendan Mcdermid | ReutersThe Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, said Tuesday that...
Nium cuts valuation by 30% in funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty ImagesAMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months.The fundraising round was led by an...
Australia drops case against Elon Musk’s X over church stabbing videos
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAustralia on Wednesday announced it had dropped...
Kneron launches latest AI chips in latest challenge to Nvidia, AMD
Albert Liu, founder and CEO of Kneron.Harry Murphy | Sportsfile | Getty ImagesKneron, an artificial intelligence chip startup, launched its next-generation products on Wednesday as it looks to cash in on AI interest from businesses and offer an alternative to giants...
SoftBank shares soar on report Elliott Management’s pushing for buybacks
The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg...
Starling says no plans to pursue EU bank license, focus on Engine
Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO. Zed Jameson | Bloomberg | Getty ImagesAMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue...
Intel CEO talks of regaining market share
Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years."We want to build everybody's chips, everybody's AI chips. We want them to be built leveraging the U.S....
Databricks is buying data optimization startup Tabular
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Spark and AI Summit in San Francisco in April 2019.DatabricksData analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data...
ThousandEyes launches AI to fix internet outages, teases genAI tool
Surasak Suwanmake | Moment | Getty ImagesCisco's ThousandEyes internet monitoring unit on Monday unveiled new artificial intelligence-powered capabilities it said will allow for much faster prediction and diagnosis of internet outages and disruptions.The company said...
OpenAI open letter warns of AI’s ‘serious risk’ and lack of oversight
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesA group of current and former OpenAI employees published an open letter Tuesday describing concerns...
Meta AI Chief Yann LeCun slams Musk over ‘blatantly false’ promises
Meta's chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO's treatment of scientists and news organizations, and for spreading false conspiracies on social media."I like his cars (I own a 2015...
Elon Musk told Nvidia to ship AI chips reserved for Tesla to X, xAI
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk claims he can grow Tesla into...
Sword Health announces Phoenix conversational AI
Patient using Sword Health.Courtesy: Sword HealthPain management startup Sword Health on Tuesday announced a new artificial intelligence solution named Phoenix that patients can speak with for guidance through virtual physical therapy sessions. Sword, founded in 2015,...
Jeffrey Katzenberg WndrCo raises $460 million
Jeffrey Katzenberg, film producer, at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho.David A. Grogan | CNBCMedia mogul Jeffrey Katzenberg is bullish on technology as he pulls in more money for startup investing. But he's keeping...
Google cuts at least 100 jobs across cloud unit, sources say
Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesAlphabet is laying off employees from several teams in Google's cloud unit, one of its fastest-growing businesses, CNBC has...
Bitcoin miners sink millions into AI business, seek billions in return
Core Scientific's 104 megawatt Bitcoin mining data center in Marble, North CarolinaCarey McKelveyAUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense...
Intel unveils new AI chips as it seeks to take on Nvidia and AMD
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during the Intel Innovation Taipei technology forum in Taipei, Taiwan, on Tuesday, Nov. 7, 2023.Intel last month predicted a return to sales growth in the fourth quarter, fueled by an improving personal...
Microsoft confirms mixed reality layoffs, will keep selling HoloLens 2
Microsoft CEO Satya Nadella speaks at a media briefing at the company's campus in Redmond, Washington, on May 20, 2024.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday....
Khosla Ventures backs Wineborne, a startup using AI to upend forecasts
This summer is expected to be one of the busiest hurricane seasons in history, according to the annual forecast from the National Oceanic and Atmospheric Administration (NOAA). The frequency and intensity of the storms are increasing. Weather prediction is more...
ASML, Belgium’s Imec open laboratory to test newest chip-making tool
ASML logo is seen at the headquarters in Veldhoven, Netherlands June 16, 2023.Piroschka Van De Wouw | ReutersASML, the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography...
Cisco-owned ThousandEyes launches AI to predict and fix internet outages
Surasak Suwanmake | Moment | Getty ImagesCisco's ThousandEyes internet monitoring unit on Monday unveiled a new artificial intelligence-powered product it said will allow for much faster prediction and diagnosis of internet outages and disruptions.The company said its...
Spotify price increased again
Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Antoine Antoniol | Getty ImagesSpotify announced on Monday it is increasing the cost of its premium subscription plans in the U.S., marking the...
$9.2 billion fintech Navan appoints ex-NYSE exec as CFO ahead of anticipated IPO
D3sign | Moment | Getty ImagesNavan has hired a former New York Stock Exchange executive as its new chief financial officer, ahead of the anticipated IPO of the $9.2 billion travel and expense management platform.Amy Butte, who was NYSE's CFO between 2004 and 2006,...
Dutch neobank Bunq hopes to secure UK banking license this year
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads."Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesPARIS — Dutch digital bank Bunq is hoping it will manage to...
Digital bank Monzo posts first full year of profit after more than doubling revenue
A Monzo debit card being used at a payment terminal.MonzoMonzo, the British digital challenger bank, on Monday reported its first full year of profitability.The fintech startup said in annual financial results that its pre-tax profits totaled £15.4 million ($19.6...
AMD unveils new AI chips amid rising competition with Nvidia, Intel
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during the AMD Advancing AI event in San Jose, California, US, on Wednesday, Dec. 6, 2023. Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able...
Nvidia announces new AI chips as market competition heats up
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia on Sunday unveiled its next generation...
Nvidia dominates the AI chip market, but there’s rising competition
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia's 27% rally in May pushed its market cap...
Software stocks got pummeled this week on troubling earnings reports
Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva's CEO said on his company's earnings call that generative artificial intelligence has been...
Binance ex-CEO Changpeng Zhao begins prison sentence in California
Former Binance CEO Changpeng Zhao, center, departs federal court in Seattle on April 30, 2024.Jason Redmond | AFP | Getty ImagesBinance's billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. CNBC reached out to Zhao's...
Warren Buffett worried about ‘huge losses’ in booming insurance market
One of the messages that Warren Buffett and Berkshire Hathaway's top insurance executive, Ajit Jain, sent to investors during the company's annual shareholder meeting in Omaha last month was that cyber insurance, while currently profitable, still has too many unknowns...
Dell shares tumble after first-quarter earnings report
Dell Technologies CEO Michael Dell speaks during the MWC session 'New strategies for a new era' on the first day of the 18th edition of the Mobile World Congress (MWC) at Fira de Barcelona's Gran Via venue in L'Hospitalet de Llobregat on February 26, 2024, in...
Twitch terminates all members of its Safety Advisory Council
Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC.The council is a resource of nine industry experts, streamers and moderators who consulted on trust and safety...
Dell earnings Q1 2025
Michael Dell, Chairman and CEO of Dell Technologies, speaking at the Mobile World Congress 2024 in Barcelona, Spain, on Feb. 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell reported first-quarter earnings on Thursday that beat analysts' estimates for earnings and...
MongoDB (MDB) Q1 earnings report 2025
MongoDB CEO Dev Ittycheria.Scott Mlyn | CNBCMongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year.Here is how the company did,...
France aims to become global AI leader with backing from U.S. Big Tech
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024.Yoan Valat | Afp | Getty ImagesPARIS — France is touting itself as the next artificial intelligence...
Amazon to expand drone delivery service after clearing FAA hurdle
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesAmazon said Thursday it has received federal approval to fly its delivery drones longer distances...
Salesforce stock on pace for worst day since 2008
Marc Benioff, co-chief executive officer of Salesforce.com Inc., speaks during a Bloomberg Television interview at the 2022 Dreamforce conference in San Francisco, California, US, on Thursday, Sept. 22, 2022. Benioff shared his excitement over data indicating a...
UiPath shares tank 30% after company announces CEO shakeup
Daniel Dines, billionaire and co-founder of UiPath Inc., at the automation software company's offices in Bucharest, Romania, on Thursday, May 20, 2021. Andrei Pungovschi | Bloomberg | Getty ImagesUiPath shares plunged more than 30% on Wednesday after the software...
UBS backs $37 million round for climate fintech startup Doconomy
From left to right: Johan Pihl, Doconomy's chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder.DoconomySwedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it's raised 34 million euros...
Salesforce (CRM) Q1 earnings report 2025
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 ImagesSalesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor...
Singapore pushes for green data centers as AI strains energy resources
Erik Isakson | Digitalvision | Getty ImagesSINGAPORE — Singapore is pushing for green data centers as the explosive demand for artificial intelligence puts a strain on energy resources.The city-state launched a green data center roadmap on Thursday to support its...
Google to invest $2 billion in Malaysia and build data center to meet AI demand
The Google corporate logo hangs outside one of its offices on August 31, 2021.Sean Gallup | Getty ImagesGoogle on Thursday said it will invest $2 billion in Malaysia, with part of the funds going toward building its first data center and cloud region in the country,...
L’Oreal says it’s working on a form of bioprinted skin that can ‘feel’
L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel."L'OrealPARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to...
SK Inc. surges 16% after chair’s $1 billion divorce settlement
Chey Tae-won, billionaire and chairman of SK Group, prepares to leave after speaking during the Nikkei Forum Future of Asia in Tokyo, Japan, on Thursday, May 23, 2024. Kiyoshi Ota | Bloomberg | Getty ImagesShares of SK Inc., one of South Korea's biggest conglomerates,...
Amazon Prime now includes a Grubhub food delivery subscription
An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesAmazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty...
Trustly posts 51% profit jump; CEO says IPO at least 2 years out
Trustly CEO Johan Tjarnberg.TrustlyThe boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit.In an exclusive interview with CNBC, Johan...
Winklevoss’ crypto exchange Gemini returns $2.2 billion to users
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021.Joe Raedle | Getty...
Former OpenAI board member explains why CEO Sam Altman was fired
Former OpenAI board member Helen Toner, who helped oust CEO Sam Altman in November, broke her silence this week when she spoke on a podcast about events inside the company leading up to Altman's firing. One example she shared: When OpenAI released ChatGPT in November...
PwC to become OpenAI’s first reseller and largest enterprise user
PwC said the deal will see its U.S. and U.K. employees and clients gain access to the latest tools from OpenAI.Nurphoto | Nurphoto | Getty ImagesPwC landed a deal Wednesday with OpenAI to become the artificial intelligence company's first resale partner and largest...
Samsung faces probe after two chip workers exposed to radiation
Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Joan Cros | Nurphoto | Getty ImagesSouth Korean authorities are investigating Samsung, after assessing that two workers at one of the tech...
Apple to open first store in Malaysia as Asia expansion continues
The new iPhone 15 Pro is displayed during an Apple event at the Steve Jobs Theater at Apple Park in Cupertino, California, on Sept. 12, 2023.Justin Sullivan | Getty Images News | Getty ImagesApple plans to open its first store in Malaysia next month, the company said...
Temu parent PDD takes Alibaba’s spot as China’s most valuable e-commerce firm
Growth of PDD's Temu marketplace has helped the comapny lead China's e-commerce arena.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesPDD's value-for-money positioning and growth of its Temu marketplace has helped the company lead China's e-commerce arena,...
China will focus on AI in its new chip fund amid U.S. export curbs: professor
Digitally Generated ImagesWong Yu Liang | Moment | Getty ImagesChina set up a multibillion-dollar state-backed investment chip fund last week — and one observer says it will likely focus on advanced chips for AI and establishing the entire supply chain."Fund 3 will...
HubSpot shares jump on talks of potential Google deal
Rafael Henrique | Lightrocket | Getty ImagesHubSpot shares rallied 9% on Tuesday after CNBC's David Faber reported that Alphabet is looking at an all-stock offer for the software company. Reports of a potential deal first surfaced in early April, when Reuters...
OpenAI safety leader Jan Leike joins Amazon-backed Anthropic
Anadolu | Anadolu | Getty ImagesJan Leike, one of the lead safety researchers at OpenAI who resigned from the artificial intelligence company earlier this month, said on Tuesday that he's joined rival AI startup Anthropic.Leike announced his resignation from OpenAI on...
FTX Ryan Salame sentenced
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., arrives at federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRyan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been...
Semler Scientific surges on new bitcoin treasury strategy
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy's playbook.The company, which develops products used in the...
Activist Elliott takes $2.5 billion stake in Texas Instruments
A Texas Instruments sign in Dallas, June 14, 2023.Katie TarasovElliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments and is urging the company to improve its free cash flow by adapting a...
U.S. Cellular shares surge after announcing $4.4 billion T-Mobile sale
The T-Mobile logo is displayed on a laptop screen and a smartphone, seen in this illustration photo taken in Krakow, Poland, Feb. 22, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans...
OpenAI creates new oversight team, begins training next model
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI on Tuesday said it created a Safety and Security Committee led by senior executives, after...
Neuralink competitor Precision Neuroscience testing human brain implant
Dr. Joshua Bederson places Precision Neuroscience's electrodes onto a brain.Ashley CapootAs the lights dimmed in an operating room at The Mount Sinai Hospital in New York City, Dr. Joshua Bederson prepared to make history.Bederson, system chair for the Department of...
Digital health companies are launching programs around GLP-1s
Patent protection for Wegovy — Novo Nordisk's blockbuster weight loss drug, which contains the second generation GLP-1 active ingredient and is at least twice as effective — is expected to expire by the decade's end.Michael Siluk | UCG | Getty ImagesFor Gray Beard, a...
Google criticized as AI Overview makes errors, like saying President Obama is Muslim
It's been less than two weeks since Google debuted "AI Overviews" in Google Search, and public criticism has mounted after queries have returned nonsensical or inaccurate results within the AI feature — without any way to opt out.AI Overviews show a quick summary of...
Nvidia CEO Jensen Huang’s net worth swells by $87 billion in 5 years
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.David Paul Morris | Bloomberg | Getty ImagesFive years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3...
X CEO slams ‘overreach’ of Australia after face off with regulator
Linda Yaccarino, CEO of X, speaking at the VivaTech conference in Paris, France. Benjamin Girette | Bloomberg | Getty ImagesPARIS, France — X CEO Linda Yaccarino on Friday hit out at Australia after a face off with online safety regulators.It comes after the Elon...
Ether slips after SEC opens the door to ether ETFs, still heads for best week in more than a year
Nikos Pekiaridis | Nurphoto | Getty ImagesEther slipped on Friday even after the Securities and Exchange Commission approved a rule change that will pave the way for exchange traded funds that buy and hold the cryptocurrency.The price of ether fell 2% to around...
Former TikTok CEO Kevin Mayer says AI hype at an all-time fever pitch
In February 2020, as Disney's head of streaming, Kevin Mayer, was in the line of succession for CEO. But Mayer, seen here on Sept. 29, 2022, and colleagues were stunned when Iger announced Bob Chapek would replace Iger immediately.Bryan van der Beek | Bloomberg |...
Chinese EV makers continue push into Europe amid tariff threat
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany.Leonhard Simon | Getty Images News | Getty ImagesPARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians...
OpenAI sends internal memo releasing former employees from NDAs
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty ImagesOpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees...
Mistral AI, Anthropic CEOs are the new tech rockstars in AI boom
French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France.Chesnot | Getty Images Entertainment | Getty ImagesPARIS — It's not unusual for...
Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesPARIS, France — Tesla CEO Elon Musk said on...
Nvidia stock pops 10% to record high
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty ImagesNvidia shares jumped more than 10% Thursday after the company topped Wall...
Tesla could use more of Elon Musk’s focus, former board member says
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesTesla could use more of high-profile CEO Elon...
Amazon’s new cloud boss inherits a business at crossroads over AI
Attendees walk through an expo hall during Amazon Web Services' Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022.Noah Berger | Getty Images Entertainment | Getty ImagesIn May 2023, Amazon CEO Andy Jassy was asked by an attendee at the annual...
Alibaba bets on AI to fuel cloud growth as it expands globally
Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesAlibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit's international arm touted the company's AI products as a way to fuel growth.The Chinese technology...
News Corp., OpenAI strike ‘multi-year partnership’ deal to improve ChatGPT
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersOpenAI and News Corp. on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access...
Nvidia sets 10-for-1 stock split after AI-driven boom in share price
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia announced a 10-for-1 forward stock split...
AI firm Appen loses more executives, months after Alphabet cut ties
Rafael Henrique | Lightrocket | Getty ImagesAppen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was...
Alibaba’s Hong Kong shares drop 5% after report of possible $5 billion convertible bond sale
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023.Costfoto | Nurphoto | Getty ImagesHong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds to...
Artificial general intelligence more than 10 years away: Baidu CEO
Co-founder, CEO and chairman of Baidu, Robin Li attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Viva Technology, the biggest tech show in Europe but also in a unique digital format, for 4 days of...
China’s SMIC is now world’s third-largest chip foundry: Counterpoint
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina's largest chipmaker SMIC is now the world's third-largest foundry in...
Big Tech goes on AI charm offensive in Europe as regulators circle
Rafael Henrique | Lightrocket | Getty ImagesPARIS, France — U.S. technology giants this week have talked up the benefits of artificial intelligence for humanity, turning on the charm at one of Europe's largest industry events as regulators globally work to curb the...
Nvidia shows no sign of AI slowdown after data center soars over 400%
Nvidia's historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors.Now, Nvidia is signaling to investors that the customers spending billions of...
DeepL, AI rival to Google Translate, hits $2 billion valuation
Deepl CEO Jarek Jaroslaw.DeepLPARIS — DeepL, an artificial intelligence-powered translation platform, said Wednesday it's raised $300 million in fresh funding, in a sign investors are still willing to invest major sums into the AI space. The deal, led by venture...
Nvidia (NVDA) earnings report Q1 2025
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia reports fiscal first-quarter earnings on...
After a big hack, Microsoft is tying top executive pay to cyberthreats
Microsoft has come under fire recently from both the U.S. government and rival companies for its failure to stop a Chinese hack of its systems last summer. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity.In...
Amazon plans to give Alexa an AI overhaul, monthly subscription price
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon's plans. The Seattle-based tech and...
Peugeot pilots Vay’s remote-driving tech to power delivery
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France.Arnaud Finistre | AFP via Getty ImagesPARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility...
AI will power the stock market for the next decade: former Cisco CEO
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York.Adam Jeffery | CNBC Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday.Chambers, who is also the founder and CEO of JC2...
Honor will have Google AI features on its upcoming smartphones
Honor already has a number of smartphones on the market that fold like a book, such as the Magic V2 that was launched in July 2023 shown here. The Chinese tech company is now preparing to launch a vertical-folding style smartphone, its CEO George Zhao told CNBC at the...
DocuSign CEO says wants to stay public after PE takeover speculation
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesContract management platform DocuSign is committed to remaining a public company and is working to convince investors of its artificial...
Uniswap fights back against SEC as the ethereum crackdown continues
For years, the Securities and Exchange Commission has been cracking down on the crypto sector writ large, but in the last few months, the agency appears to have trained its sights on ethereum, in particular. Some of the biggest names in decentralized finance are now...
Google is letting retailers include 3D images in AI-generated ads
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle announced Tuesday that it will be giving advertisers the ability to create immersive visuals in...
Nvidia is talk of town at AI events before fiscal Q1 2025 earnings
Nvidia founder and CEO Jensen Huang displays products on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024.Josh Edelson | Afp | Getty ImagesAt the start of last week, OpenAI's technology...
Amazon, Meta back Scale AI in $1 billion funding deal
Scale AI CEO Alex Wang, left.Scale AIArtificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. The San...
World’s first major law for artificial intelligence gets final EU green light
Mr.cole_photographer | Moment | Getty ImagesEuropean Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology.The EU Council said that it...
Tech giants pledge AI safety commitments — including a ‘kill switch’
A slew of major tech companies including Microsoft, Amazon, and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit.The agreement will see companies from countries including the U.S., China,...
Scarlett Johansson says OpenAI ripped off her voice
Actor Scarlett Johansson says OpenAI CEO Sam Altman used a voice similar to hers for its artificial intelligence voice software despite declining his invitation for its use.The response comes after OpenAI said it would pull its ChatGPT AI voice dubbed "Sky", which...
Ether extends its rally following 20% surge on renewed ETF optimism
Omar Marques | Lightrocket | Getty ImagesCryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week.Ether led the...
Apple looks to boost sales in China with hefty discounts amid sales festival
An advertisement for the Huawei Pura70 mobile phone is being seen in front of the Apple Store on the pedestrian street of Nanjing Road in Shanghai, China, on May 15, 2024.Nurphoto | Nurphoto | Getty ImagesApple is offering hefty discounts on iPhones in China in a bid...
Samsung Electronics names new semiconductor chief as AI chip race heats up
Samsung is the world's biggest maker of memory chips.Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race.Young Hyun Jun will replace Kyehyun Kyung, who...
Tesla Fremont factory suffers another fire, investigation underway
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty ImagesA fire broke out at Tesla's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire...
Microsoft announces new PCs with AI chips from Qualcomm
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a company event on AI technologies in Jakarta, Indonesia, on April 30, 2024.Dimas Ardian | Bloomberg | Getty ImagesMicrosoft is touting new computers with advanced chips designed to run...
You may soon pay with your face as biometrics hit tipping point
Automated fast food restaurant CaliExpress by Flippy, in Pasadena, Calif., opened in January to considerable hype due to its robot burger makers, but the restaurant launched with another, less heralded innovation: the ability to pay for your meal with your...
New York AG announces $2 billion settlement with crypto lender Genesis
New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded investors.The company, once a business at the heart of Digital Currency Group, was among the multiple casualties in the industry contagion set off by the...
OpenAI pulls ChatGPT voice that sounded like Scarlett Johansson
Scarlett Johansson attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on February 09, 2020 in Beverly Hills, California.Karwai Tang | Getty Images Entertainment | Getty ImagesOpenAI announced it would...
Grayscale CEO Michael Sonnenshein steps down, will be replaced by Goldman exec
Grayscale Investments announced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-year run as the leader of the largest crypto asset manager. He will be succeeded by Peter Mintzberg, Goldman Sachs' global head of strategy for the asset and wealth...
Britain expands AI safety institute to San Francisco, home of OpenAI
An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.Carlos Barria | ReutersLONDON — The British government is expanding its facility for testing "frontier" artificial intelligence models to the United States,...
Musk launches SpaceX’s Starlink internet services in Indonesia
Tech billionaire Elon Musk (2nd L) speaks next to Indonesia's Health Minister Budi Gunadi Sadikin (L) during a ceremony held to inaugurate satellite unit Starlink at a community health center in Denpasar on Indonesia's resort island of Bali on May 19, 2024. Musk...
Navan is not far from IPO, on track for 2024 profitability, CEO says
TripActions CEO Ariel CohenTripActionsThe boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are...
The year of AI PCs
Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016.Lucas Jackson | ReutersMicrosoft's Build developer conference kicks off on Tuesday, giving the company the...
OpenAI dissolves Superalignment AI safety team
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a source familiar with the situation confirmed to CNBC on Friday.The person, who spoke on condition of anonymity, said that...
Boaz Weinstein says BlackRock funds ‘crushing shareholder rights’
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty ImagesBoaz Weinstein, the hedge fund investor on the winning side of...
As Tesla layoffs continue, here are 600 jobs cut in California
As part of Tesla's massive restructuring, the electric vehicle maker notified the California Employment Development Department this week that it's cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo...
AI startup CoreWeave raises $7.5 billion in debt, Blackstone leads
Michael Intrator, CEO of CoreWeave, participates in a CNBC interview on May 9, 2024.CNBCFresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt so that it can more heavily invest in its...
Microsoft Mistral partnership avoids merger probe by UK regulators
The Microsoft logo is displayed on a smartphone.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesThe U.K.'s Competition and Markets Authority cleared Microsoft's AI partnership with Mistral of regulatory concerns after previously inviting views on whether...
Xpeng aims for flying car pre-orders this year with delivery in 2026
Xpeng's "Land Aircraft Carrier" vehicle has a flying passenger drone hidden inside the truck. The drone can detach.XPENG AEROHTXpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker's co-president...
Reddit soars after announcing OpenAI deal on AI training models
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesReddit shares surged 11% in extended trading on Thursday after the social media...
Figma tender offer values company at $12.5 billion
Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022.FigmaFigma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a...
Neuralink has faced issues with its wires for years: Reuters sources
Jonathan Raa | Nurphoto | Getty ImagesNeuralink's disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar with the matter.The...
Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Omar Marques | Lightrocket | Getty ImagesInstagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday.Krieger, the former chief technology officer of Meta-owned Instagram, grew the...
Half-million school buses could be an EV powerhouse feeding the grid
The nightlife of school buses is about to get more interesting.Zum, which provides student transportation including EV buses to 4,000 schools across the country, is partnering with the Oakland Unified School District to start selling power stored in EV batteries back...
Dell stock surges on optimism it has big AI server orders
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell shares rose more than 11% on Wednesday to an all-time high after Morgan Stanley raised...
Bitcoin having best day since March following cooler April inflation reading
Nicolas Economou | Nurphoto | Getty ImagesBitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its...
These wall-climbing robots are finding flaws in D grade infrastructure
The collapse of Baltimore's Francis Scott Key Bridge earlier this year and an I-95 overpass in Philadelphia last June weren't triggered by structural flaws — a runaway, powerless ocean ship and tanker fire were the culprits. But the disasters were the latest examples...
Meta slapped with formal EU probe over child safety risks
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesFacebook parent company Meta on Thursday was hit with a major investigation from the...
Cisco (CSCO) Q3 earnings report 2024
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that...
Palo Alto Networks will buy IBM QRadar cloud security software assets
Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more consultants and a bigger customer base.In a joint press release, the companies said Palo Alto is acquiring...
Microsoft offers relocation to hundreds of China-based AI staff
A man walks past Microsoft's local headquarters in Beijing on July 20, 2021. Noel Celis | Afp | Getty ImagesMicrosoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as...
China is still an important market, says Peak XV, formerly Sequoia India
Shailendra Singh.Lionel Ng | Bloomberg | Getty ImagesChina will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV...
India offers a ‘very favorable’ environment for firms to IPO, Peak XV says
Shailendra Singh, managing director of Peak XV Partners.Lionel Ng | Bloomberg | Getty ImagesIndia offers a "very favorable" environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia...
Uber announces Uber Shuttle, Uber Caregiver, Costco perks
Uber on Wednesday announced several new product updates at the company's annual Go-Get showcase in New York City that aim to help its customers save money on rides and food.The product updates reflect Uber's continued push to drive growth and demand across its...
Amazon goes head to head with media giants in Upfronts ads debut
Rafael Henrique | Lightrocket | Getty ImagesAmazon has become a growing threat to digital ad incumbents Meta and Google, attracting billions of dollars a quarter from brands that are trying to reach the masses of consumers who swarm to the site on a daily basis.But...
Sony-backed Raspberry Pi heads for rare London IPO
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesBritish computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market.Raspberry Pi, which makes tiny...
Tesla sued over air pollution from factory in Fremont, California
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty ImagesTesla is being sued by the nonprofit Environmental Democracy Project, which alleges "ongoing failure to comply with the Clean Air Act" at the electric...
Reddit shares close near record after two-day meme stock rally
Traders work as Reddit's logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan Mcdermid | ReutersReddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy...
Gemini AI updates, new search features and more
Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday hosted its annual I/O developer conference, and rolled out a range of artificial intelligence products, from new search and chat...
Google will ‘sort it out’ if OpenAI misused YouTube for AI
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 ImagesAlphabet CEO Sundar Pichai said Google will "sort it out" if it determines Microsoft-backed OpenAI...
Why bitcoin hasn’t joined the latest meme stock craze this week
R.Tsubin | Moment | Getty ImagesBitcoin isn't running alongside meme stocks as it did three years ago, although this week's stock market action might indicate a big crypto rally is on its way.GameStop and fellow meme stock AMC Entertainment are each up more than 160%...
OpenAI co-founder Ilya Sutskever says he will leave the startup
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft-backed startup."I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time," Sutskever wrote in an X post on...
Baidu’s robotaxi unit expects to turn profitable next year
A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing.Jade Gao | Afp | Getty ImagesSHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.The projection comes...
Google announces lightweight AI model Gemini Flash 1.5 at Google I/O
The logo of the Google I/O developer conference can be seen at the venue in Mountain View, Calif. on May 14th, 2024. Picture Alliance | Picture Alliance | Getty ImagesGoogle is using its annual developer conference to showcase what the company is calling its lightest...
Best iPad but needs new software
Apple's new iPad Pro comes in two sizes, and starts at $999. It also has a new add-on case called Smart Keyboard that makes it feel like a laptop.Apple's new iPad Pro and iPad Air models launch Wednesday. I've been testing the new iPad Pro for several days, and what I...
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon's cloud computing business, will step down from his role next month, the company announced Tuesday.Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky after he exits the company on June...
Amazon-backed Anthropic launches its Claude AI chatbot across Europe
Sopa Images | Lightrocket | Getty ImagesAnthropic, the artificial intelligence startup backed by Amazon, said Monday it's launching its generative AI assistant Claude in Europe on Tuesday. It will be available to individuals and businesses through the web and via an...
AI boom to keep supply of high-end memory chips ‘tight’ through 2024
A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Samsung's profit rebounded sharply in the first quarter of 2024, reflecting a turnaround in the company's pivotal semiconductor division...
China drives EV boom this year amid strong demand for hybrid vehicles
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty ImagesElectric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular,...
Why the future is uncertain for Tesla’s Supercharging network
The future of Tesla Supercharging is uncertain following CEO Elon Musk's disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle...
How we chose the companies
Welcome to Disruptor 50 in the age of AI.A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. These include companies in industries ranging from cybersecurity to...
OpenAI is first company to be No. 1 on Disruptor 50 two years in a row
It's a first for the annual CNBC Disruptor 50 list: a company landing at No. 1 for the second year in a row.Perhaps no surprise, that company is OpenAI. More than any other startup in the 12-year history of the Disruptor 50 list, OpenAI's disruptive impact and...
Alibaba (BABA) earnings Q4 2024
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty ImagesAlibaba posted a beat...
These are the 2024 CNBC Disruptor 50 companies
It's fair to say that AI is all over the 12th annual CNBC Disruptor 50 list. Roughly two-thirds of the 50 companies making the Disruptor 50 list describe artificial intelligence as "critical" to their businesses. And it starts at the very top: for the first time ever,...
Klarna says 90% of its employees are using generative AI daily
Rafael Henrique | SOPA Images | LightRocket via Getty ImagesSwedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work.Klarna,...
Uber to acquire Foodpanda’s Taiwan business for $950 million
TAIPEI, TAIWAN - 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty...
Tencent earnings report Q1 2024
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in...
Venture capital firm Accel raises $650 million Europe and Israel fund
From left to right, Accel general partners Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, and Philippe Botteri.AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli...
Tech giant misses trimmed PS5 sales target
Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year 2023 slightly lower than an already revised-down 21 million unit target.Nikos Pekiaridis | Nurphoto | Getty ImagesSony on Tuesday reported a 7% drop in annual profits in the...
Google and Apple partner to fight location tracker stalking
Tile Sticker and Apple AirTagTodd Haselton | CNBCApple and Google announced Monday that updated iPhones and Android phones will show alerts warning users that there is a wireless location tracking device nearby, in case the user wasn't aware they were being tracked...
OpenAI launches new AI model and desktop version of ChatGPT
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface.The update brings GPT-4...
Melinda French Gates will resign from Gates Foundation
Melinda Gates, co-founder of the Bill and Melinda Gates foundation arrives at the Elysee Palace in Paris, France on July 01, 2021.Mustafa Yalcin | Anadolu Agency | Getty ImagesMelinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on...
Amazon’s Zoox under investigation by NHTSA after two robotaxi crashes
A Toyota sport-utility vehicle modified by Zoox, a subsidiary of Amazon.com, which combines radars, lidar, and cameras to test its software, drives on a road ahead of the Consumer Electronics Show (CES) of Las Vegas, Nevada on January 3, 2023.Patrick T. Fallon | AFP |...
British trading app Freetrade says CEO Adam Dodds to step down
sLONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday.Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in...
Microsoft and Amazon to invest $5.6 billion into France
A Microsoft logo seen displayed on a smartphone screen and Amazon logo in the background in Athens, Greece on October 5, 2023. Nurphoto | Nurphoto | Getty ImagesMicrosoft and Amazon are ploughing billions of dollars into France.Microsoft said in a statement Monday...
Squarespace to go private in $7 billion private-equity deal
The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing.NYSESquarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm...
Google’s Demis Hassabis tasked with turning AI research into profits
Demis Hassabis is a celebrated name in artificial intelligence research. He's a chess master and a neuroscientist. On Wall Street, he's less known.That may not be true for long. Hassabis is emerging as the face of Google's mammoth AI effort and on Tuesday will take...
SoftBank’s Arm to launch AI chips by 2025 amid explosive demand
Arm logo displayed on a screen and and microchip are seen in this illustration photo taken in Krakow, Poland on September 14, 2023.Jakub Porzycki | Nurphoto | Getty ImagesSoftBank Group subsidiary Arm is planning to launch artificial intelligence chips by next year,...
Elon Musk’s X wins court reprieve in fight against Australia government
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersElon Musk's social media platform X...
SoftBank earnings Q4 and full year FY 2023
SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty...
Climate protesters try to break into Tesla Germany factory: Police
Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024.Axel Schmidt | Getty ImagesClimate protesters angry about Tesla's plans to expand its Berlin-Brandenburg Gigafactory in Germany...
Elon Musk’s X loses lawsuit against Bright Data over data scraping
Tesla CEO Elon MuskOmar Marques | Getty ImagesA federal judge in California dismissed a lawsuit filed by Elon Musk's X against Israel's Bright Data, in a case that involved the scraping of public online data and its appropriate uses. X, formerly Twitter, sued Bright...
Sam Altman takes nuclear startup Oklo public to power AI ambitions
Sam Altman is now chairman of a public company. But it's not OpenAI.On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition...
TikTok begins automatically labeling AI-generated content
The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020. Mike Blake | ReutersTikTok is starting to automatically label videos and images made with artificial intelligence, the company said on...
Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024. Willy Kurniawan | ReutersApple took on Thursday the unusual step of apologizing for a short advertising...
Tesla accused by NLRB of chilling worker unionizing efforts in Buffalo
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesTesla is being accused of taking steps to keep...
House committee seeks Microsoft’s Brad Smith for cybersecurity hearing
Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024.Alex Wroblewski | Bloomberg | Getty ImagesA House committee wants Microsoft's top lawyer, Brad Smith, to attend a hearing this month on...
China’s SMIC warns of fierce chip competition as it misses profit estimates
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty...
Masimo seeks to stave off proxy fight with Politan, makes settlement offer
The Masimo logo is displayed at Masimo headquarters in Irvine, California, Dec. 27, 2023Mario Tama | Getty ImagesHealth-technology firm Masimo, facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital's Quentin...
U.S. eyes curbs on China’s access to AI software behind apps like ChatGPT
Visitors walk past a stand with AI (artificial intelligence) security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security at the China International Exhibition Center in Beijing in 2018.Nicolas Asfouri |...
TikTok sued the U.S. government to block a ban. Here’s what happens now
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,...
Airbnb (ABNB) Q1 2024 earnings
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty ImagesAirbnb reported first-quarter results on Wednesday that beat analysts' estimates but offered...
Masimo activist asks for ‘basic’ information on proposed deal
Joe Kiani, CEO, MasimoScott Mlyn | CNBCPolitan Capital's Quentin Koffey sent a letter to Masimo CEO Joe Kiani on Wednesday, demanding information about the health-tech company's proposed spinoff of its consumer business.Koffey, who won a seat on Masimo's board last...
Neuralink says its first in-human brain implant encounters problem
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time.Neuralink has built a brain-computer interface, or a BCI, that could eventually...
Generative AI’s disinformation threat ‘overblown,’ cyber expert says
2024 is set up to be the biggest global election year in history. It coincides with the rapid rise in deepfakes. In APAC alone, there was a surge in deepfakes by 1530% from 2022 to 2023, according to a Sumsub report.Fotografielink | Istock | Getty ImagesCybersecurity...
Alibaba rolls out latest version of its large language model
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.Costfoto | Nurphoto | Getty ImagesAlibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by...
Google staffers question execs over ‘decline in morale’ after earnings
Google's business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in Alphabet shares since 2015, pushing the company's market cap past $2 trillion.But at an all-hands meeting last week with CEO Sundar...
Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending
Rafael Henrique | Lightrocket | Getty ImagesRoblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.Roblox shares fell...
EU seeks information from X on content moderation amid DSA probe
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes |...
Shopify shares plunge 18% on weak guidance
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty ImagesShopify reported first-quarter earnings and sales on Wednesday that were...
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud, Reuters reports
A Tesla car charges up at a Tesla Supercharger on May 02, 2024 in Petaluma, California. Justin Sullivan | Getty ImagesU.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles'...
Uber (UBER) Q1 2024 earnings
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported first-quarter results on Wednesday that came in slightly above analysts' estimates for...
Most customers of crypto firm will get all money back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesAlmost all customers of collapsed cryptocurrency exchange FTX will get their money back — and...
Tesla must provide NHTSA with Autopilot recall data or face fines
Tesla vehicles sit on the lot at a Tesla dealership in Austin, Texas, on April 15, 2024.Brandon Bell | Getty ImagesThe National Highway Traffic Safety Administration is pressing Tesla for answers about changes the company made to its Autopilot driver assistance system...
Reddit (RDDT) Q1 2024 earnings
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 14% in extended trading on Tuesday after the company released quarterly...
Monzo boosts funding to $610 million to crack U.S., launch UK pensions
British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26...
Appian CEO on Big Tech AI strategy, competition concerns, regulation
Just_super | E+ | Getty ImagesBig technology companies are consuming as much data as possible to become winners in artificial intelligence — but that's not necessarily what will define winners, according to the boss of software giant Appian.Matt Calkins, CEO and...
How generative, ChatGPT-like AI is accelerating humanoid robots
Shenzhen-based LimX Dynamics shows off one of its humanoid robots.Limx DynamicsBEIJING — ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world's factories.AI has been around for...
U.S. revokes some export licenses to sell chips to China’s Huawei
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair on the fair's opening day on September 03, 2020 in Berlin, Germany. The fair is taking place despite the...
Food startup Hungryroot uses AI to reduce waste, climate offender
Food waste is so prolific in the U.S. that roughly one-third of the amount produced ends up in landfills rather than stomachs. That adds up to excess production, packaging, storage and delivery requirements, all negatively contributing to climate change.A recent study...
Apple iPad Pro and iPad Air 2024 with M4 chip announced
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.Josh Edelson | AFP | Getty ImagesApple announced new versions of its iPad Air and iPad Pro tablet computers on Tuesday in...
Tesla chair Robyn Denholm sold over $50 million in stock this year
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019.Brendon Thorne | Bloomberg | Getty ImagesTesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her...
Wayve just raised over $1 billion from Nvidia, SoftBank, Microsoft, Eclipse Ventures
Alex Kendall, 29, is the co-founder and CEO of autonomous driving startup Wayve.Source: WayveBritish startup Wayve on Tuesday said it had raised $1.05 billion in an investment round led by Japan's SoftBank to accelerate the growth of its self-driving car...
Palantir (PLTR) earnings Q1 2024
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesPalantir shares fell as much as 7% in extended trading on Monday after the...
Taser-maker Axon is getting into the drone market
Drones in possession of the Armed Forces of Ukraine on May 2, 2024 in Lviv, Ukraine. "Just open any newspaper, and switch on any TV channel. Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public...
Amazon’s AWS to invest an additional $9 billion in Singapore
BARCELONA, SPAIN - JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. Integrated Systems Europe (ISE) is the largest Audio Visual...
Apple is reportedly developing chips to run AI software in data centers
An Apple store in Shanghai, China.Future Publishing | Future Publishing | Getty ImagesApple has been developing chips to run artificial intelligence software in data centers, the Wall Street Journal reported Tuesday. Project ACDC (Apple Chips in Data Center), which...
Chinese fintech Ant Group doubles down on global expansion with Alipay+
Photo of a person making a mobile payment.Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world."What we found is that people want to use...
Inside the final prison verdict on an epic crypto CEO rivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty ImagesAn arch rivalry between one-time crypto titans was brought to a close at...
Apple is Buffett’s biggest stock, but his moat thesis faces questions
Tim Cook and Warren BuffettGetty Images (L) | CNBC (R)Berkshire Hathaway's Warren Buffett was still using a flip phone as late as 2020, four years after his investment behemoth started amassing a huge stake in the company that makes iPhones."I don't understand the...
Apple stock on pace for best day since 2022 after earnings beat
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardo | AFP | Getty ImagesApple shares popped more than 6% on Friday morning after the company reported better-than-expected second-quarter earnings and...
AI engineers face burnout as ‘rat race’ to stay competitive hits tech
A picture shows logos of the big technology companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, in Mulhouse, France, on June 2, 2023.Sebastien Bozon | AFP | Getty ImagesLate last year, an artificial intelligence engineer at Amazon was wrapping up...
Block (SQ) earnings Q1 2024
Block reported first-quarter earnings after the bell Thursday that exceeded analysts' estimates. The stock rose more than 7% in extended trading.Here's how the company did, compared with analysts' consensus estimates from LSEG.Earnings per share: 85 cents adjusted vs....
Coinbase (COIN) earnings Q1 2024
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.Dado Ruvic | ReutersCoinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The...
Apple’s falling iPhone sales not a problem as margins, buybacks grow
A 10% decline in iPhone sales sounds like a problem for Apple, considering the company counts on the devices for half its revenue.But investors didn't seem to mind on Thursday, when Apple revealed the year-over-year drop in its fiscal second-quarter earnings report....
Don’t rate Tesla’s Full Self Driving too highly, tech investor says
People are shopping at a Tesla store in Shanghai, China, on Feb. 17, 2024.Costfoto | Nurphoto | Getty ImagesNews of electric car giant Tesla's progress toward rolling out its advanced driver-assistance feature in China isn't as groundbreaking as investors are treating...
Senator takes aim at Amazon’s labor practices with federal quota bill
Democratic Sen. Ed Markey, D-Mass., on Thursday introduced new legislation to regulate the use of productivity quotas by warehouse employers like Amazon, a tool critics have said encourages employees to work faster and without frequent breaks, putting them at higher...
Apple (AAPL) earnings report Q2 2024
Apple reports earnings for the second fiscal quarter on Thursday after the markets close.The company has set investor expectations low and could surpass them even if sales growth is weak. In February, Apple said it expected sales similar to last year's $94.84 billion...
Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates.Dan Kitwood | Getty ImagesDUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the...
One-third of Americans could be hit by Change Healthcare cyberattack
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group CEO Andrew Witty on Wednesday told lawmakers that data from an estimated one-third of Americans could have been compromised in the cyberattack on its subsidiary Change Healthcare, and that the company paid a...
Qualcomm earnings report fiscal Q2 2024
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that...
Masimo CEO Joe Kiani pledged $400 million in Masimo stock for loans
Founder and CEO of Masimo, Joe Kiani addresses a press conference in Bangalore on January 2, 2017. Manjunath Kiran | Afp | Getty ImagesBillionaire Masimo founder Joe Kiani, best known for his successful legal fight against Apple and his friendship with President Joe...
Taylor Swift label UMG agrees licensing deal with TikTok, ending spat
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard | Getty ImagesUniversal Music Group, the record label for top music artists including Taylor Swift, struck a new licensing agreement with...
Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor...
Microsoft to open data center in Thailand amid Southeast Asia expansion
BANGKOK, THAILAND - 2024/05/01: Satya Nadella, the executive chairman and CEO of Microsoft Corporation speaks during the "Microsoft Build: AI Day" event at the Queen Sirikit National Convention Center. Satya Nadella announced that Microsoft corporation plans to invest...
China Nio shares soar 20% as EV deliveries more than double in April
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesShares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled...
Google cuts hundreds of ‘Core’ workers, moves jobs to India, Mexico
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024.Justin Sullivan | Getty ImagesJust ahead of its blowout first-quarter earnings report on...
Tesla retreats from next-generation ‘gigacasting’ manufacturing process
Employees of the Tesla Gigafactory Berlin Brandenburg work on a production line of a Model Y electric vehicle. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleul | Picture Alliance | Getty ImagesTesla has backed away from an ambitious...
UnitedHealth CEO says company paid hackers $22 million ransom
UnitedHealth Group CEO Andrew Witty confirmed for the first time that the company paid a $22 million ransom to hackers who breached the systems of its subsidiary Change Healthcare, in a Wednesday hearing before the U.S. Senate Committee on Finance.Change Healthcare...
Nvidia-backed GPU cloud provider CoreWeave is worth $19 billion
Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees.CoreWeaveCoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment...
Super Micro stock plummets 18% after posting revenue miss
The Super Micro Computer logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesSuper Micro Computer shares plunged 18% on Wednesday morning after the server company upped its top-line guidance but reported third-quarter revenue...
Anthropic iPhone AI app, business plan to compete with OpenAI announced
Omar Marques | Lightrocket | Getty ImagesAnthropic on Wednesday announced its first-ever enterprise offering and a free iPhone app.The generative artificial intelligence startup is the company behind Claude, one of the chatbots that, like OpenAI's ChatGPT and Google's...
Bitcoin (BTC) nosedives below $57,000 ahead of Fed decision
The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart.Silas Stein | Picture Alliance | Getty ImagesBitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets,...
Pinterest shares soar 18% on earnings beat, strong revenue growth
Sopa Images | Lightrocket | Getty ImagesShares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.Here's how the company did, compared to...
Amazon’s advertising revenue jumps 24% in first quarter
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York, US, on Tuesday, April 16, 2024. Angus Mordant | Bloomberg | Getty ImagesAmazon reported 24% growth in its advertising unit on Tuesday, the latest sign that the...
Super Micro (SMCI) Q3 earnings report 2024
Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro shares slipped as much as 15%...
AWS Q1 earnings report 2024
Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first quarter, a...
AMD earnings report Q1 2024
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersAdvanced Micro Devices reported first-quarter earnings and sales on Tuesday that were...
Tesla shares drop after Musk cuts about 500 jobs in Supercharger team
Tesla Supercharger stations near a Circle K gas station in Austin, Texas, on April 23, 2024.Brandon Bell | Getty ImagesTesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla, impacting an estimated 500...
Amazon cost cuts lift operating margin to double digits for first time
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow's opening night for the NHL's newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.Bruce Bennett | Getty Images Sport | Getty...
Binance founder Zhao’s huge wealth unaffected by prison sentence
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Staff | ReutersChangpeng Zhao, the billionaire co-founder and former CEO of Binance, is expected to see his mammoth wealth remain...
Doctors tap personal savings for costs
Omar Marques | Lightrocket | Getty ImagesOn a Sunday in early March, Dr. Angeli Maun Akey noticed something peculiar while making payroll for her private practice in Gainesville, Florida: She was missing $19,000.Akey owns and operates a primary care practice that...
Binance founder Changpeng Zhao CZ sentenced to four months in prison
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. David Ryder | Bloomberg | Getty ImagesBinance's billionaire founder Changpeng Zhao was sentenced to four months in prison on...
Amazon (AMZN) Q1 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 will report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting according to...
Eight newspaper publishers sue OpenAI over copyright infringement
Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesEight U.S. newspaper publishers filed suit against Microsoft and OpenAI in a New York federal court on...
Meta hit with major EU disinformation probe ahead of elections
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesMeta on Tuesday was hit by the European Commission — the executive body of the European...
ISS endorses most of Ancora nominees for Norfolk Southern board
Alan Shaw, CEO, Norfolk SouthernScott Mlyn | CNBCInfluential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing...
Musk lays off Tesla senior executives in fresh job cuts: report
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023.Kirsty Wigglesworth | ReutersElon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees,...
PayPal (PYPL) Q1 earnings
A sign is posted outside of the PayPal headquarters in San Jose, California.Justin Sullivan | Getty ImagesPayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs...
Binance founder CZ heads to sentencing hearing facing years in prison
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022.Benoit Tessier | ReutersChangpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a...
Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025
Following a long period of waiting, "the IPO market's back."That's according to Colin Stewart, Morgan Stanley's global head of technology equity capital markets. In an interview with CNBC's "TechCheck" on Monday, Stewart said 10 to 15 more tech companies could go...
Samsung Electronics’ operating profit jumps 933% in first quarter, beats expectations
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year....
Europe may need to impose up to 55% in tariffs
Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China.Vcg | Visual China Group | Getty ImagesThe European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the...
Microsoft to invest $1.7 billion into AI infrastructure in Indonesia
Microsoft CEO Satya Nadella (C) arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 30, 2024. (Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)Bay Ismoyo | Afp | Getty ImagesMicrosoft on Tuesday...
Amazon says 60% of Prime orders are arriving same day or next day
Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in Tampa, Florida, on Nov. 27, 2023.Octavio Jones | Getty Images News | Getty...
Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes |...
Grocery startup Getir to exit US, Europe and UK, refocus on Turkey
Companies such as Getir and Gorillas promise to deliver items to shoppers' doors in as little as 10 minutes.Angel Garcia | Bloomberg via Getty ImagesGrocery delivery startup Getir announced on Monday that it is quitting international markets including the U.K.,...
Tesla (TSLA) stock up after passing hurdle to China full-self driving
A Tesla Inc. store in Beijing, China, on Wednesday, May 31, 2023.Bloomberg | Getty ImagesShares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full self-driving technology in...
Oracle boosts generative AI capabilities as cloud competition intensifies
US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. The world's biggest mobile phone fair throws open its doors in Barcelona with...
How working for Big Tech lost ‘dream job’ status
Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry.Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. As of April, there have...
Digital ad market on mend as Meta, Alphabet, Snap show faster growth
A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty ImagesAdvertising is so back.After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost...
Snap shares rocket 28% as company reports unexpected profit
A view of the atmosphere during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap shares surged 28% on Friday after the company surprised Wall Street by showing a...
Tesla Autopilot linked to hundreds of collisions, has ‘critical safety gap’: NHTSA
A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018. S. Engleman | Via ReutersFederal authorities say a "critical safety gap" in Tesla's Autopilot system contributed to at least 467 collisions, 13 resulting in...
Intel dominated U.S. chip industry. Now struggling to stay relevant
Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023.Seth Wenig | APIntel's long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings....
Alphabet stock up on strong earnings, first-ever dividend, buyback
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter...
Mark Zuckerberg net worth falls $18 billion over Meta earnings
Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019.Drew Angerer | Getty Images News | Getty ImagesMark Zuckerberg's net worth plunged by $18 billion Thursday after comments from the Meta...
Alphabet issues first-ever dividend, $70 billion buyback
Google and Alphabet CEO Sundar Pichai departs federal court on October 30, 2023 in Washington, DC. Pichai testified on Monday to defend his company in the largest antitrust case since the 1990s.Drew Angerer | Getty Images News | Getty ImagesAlphabet said Thursday that...
Snap (SNAP) Q1 2024 earnings
Snap reported first-quarter results on Thursday that beat analysts' estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading. Here's how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents...
Intel (INTC) earnings report Q1 2024
Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024.Mandel Ngan | AFP | Getty ImagesIntel reported first-quarter earnings on Thursday that beat Wall Street...
Microsoft says cloud AI demand exceeds supply despite spending surge
Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, 2019.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft is increasing spending at a rate not seen since at least 2016. It still...
Alphabet tempers worries that it’s falling behind in AI in Q1 results
Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company's ability to generate profits from its hefty investments in artificial intelligence.For the time being at least, the company put Wall...
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock
In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, California.Justin Sullivan | Getty ImagesFormer Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the...
Stripe co-founder says high interest rates wiped out ‘wackiest’ ideas
John Collison, president and co-founder of Stripe.Christophe Morin | IP3 | Getty ImagesRising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe's co-founder says it was needed."Broadly speaking, the effects of higher...
(RBRK) starts trading on New York Stock Exchange
In this photo illustration, the Rubrik, Inc. logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesData management software maker Rubrik jumped in its New York Stock Exchange debut on Thursday, the latest sign that public...
InnerPlant helps farmers reduce pesticides and agricultural waste
What if plants could talk to farmers and tell them when they're in distress? That would not only save the plants, but it could reduce the amount of agricultural waste that threatens the planet's health.Much of agriculture may look green, but the industry is one of the...
Microsoft (MSFT) Q3 earnings 2024
Microsoft CEO Satya Nadella arrives at federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will report financial results for its fiscal third quarter after the market close on Thursday.Here is what analysts are looking for,...
Alphabet set to report first-quarter results after market close
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020.Yves Herman | ReutersAlphabet will report first-quarter earnings after the bell Thursday.Here is what analysts...
Meta stock down 14% on weak revenue forecast
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 shares tumbled 14% Thursday morning after the company issued weak...
IBM Q1 earnings report 2024: IBM to acquire HashiCorp
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares slipped as much as 9% in extended trading Wednesday after the hardware, software and consulting provider said it...
Meta’s Reality Labs posts $3.85 billion loss in first quarter
Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California.Glen Chapman | AFP | Getty ImagesMeta shows no signs of substantially trimming its losses from investing...
Bitcoin (BTC) to hit $150,000 after halving
Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a...
Amazon aggregator Thrasio loses CEO, other execs in bankruptcy process
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021.Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five...
Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty ImagesMark Zuckerberg started Meta's earnings call by talking about artificial intelligence. Then...
Rubrik prices IPO at $32 per share, above the expected range
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.Greylock PartnersRubrik, a data-management software company backed by Microsoft, priced its IPO at $32 a share. That's above its expected...
Nvidia supplier SK Hynix reverses losses in first quarter on AI demand
SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSouth Korean...
Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration.SynthesiaNvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars...
TikTok creators fear for their livelihoods after Biden signs law
TikTok 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.,...
Meta (META) Q1 2024 earnings
Mark Zuckerberg, CEO, Meta Platforms, in July 2021.Kevin Dietsch | Getty Images News | Getty ImagesMeta will report first-quarter results after the bell Wednesday.Here's what analysts are expecting.Earnings per share: $4.32, according to LSEG.Revenue: $36.16 billion,...
Tesla stock up after Elon Musk says new affordable EV models coming
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty ImagesTesla shares surged 11% during premarket trading on Wednesday after CEO Elon Musk said the electric...
Klarna scores payment deal with Uber ahead of anticipated IPO
The Swedish "buy now, pay later" pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively.Rafael Henrique | SOPA Images |...
Elon Musk is keeping investors’ dreams of a Tesla robotaxi alive
Tesla CEO Elon Musk is pictured during a visit at the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power...
Microsoft, Amazon AI partnerships face scrutiny from British regulators
A Microsoft logo seen displayed on a smartphone screen and Amazon logo in the background in Athens, Greece on October 5, 2023. Nurphoto | Nurphoto | Getty ImagesBritish antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller...
Block (formerly Square) building its own bitcoin mining system
Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | ReutersJack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining...
Oracle is moving its world HQ to Nashville
Larry Ellison, co-founder and chairman of Oracle, speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 3, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle Chairman Larry Ellison said Tuesday that the company is moving its world...
U.S. seeks 36-month sentence for ex-Binance CEO Changpeng Zhao
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022.Benoit Tessier | ReutersU.S. prosecutors are seeking an above-guidance sentence...
Amazon CTO on opening Southeast Asia cloud regions
Amazon is opening cloud regions in Southeast Asia because customers want their data stored securely in their own countries, Amazon Chief Technology Officer Werner Vogels said in an exclusive interview."The reason for this is that many of our customers have been asking...
HashiCorp shares spike on report that IBM is in talks to buy company
HashiCorp at the Nasdaq market site, December 9, 2021.Source: NasdaqHashiCorp shares jumped as much as 26% on Tuesday following a media report claiming IBM was in talks to acquire the cloud software maker.Developers use HashiCorp's software to set up and manage...
Tesla cutting close to 2,700 jobs in Austin as part of restructuring
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas.Suzanne Cordeiro | AFP | Getty ImagesTesla is eliminating around 12% of its workforce at a factory in Austin, Texas, as part...
Tesla (TSLA) earnings Q1 2024
Tesla vehicles sit on the lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty ImagesTesla is set to report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting, according to LSEG:Earnings per share: 51...
Apple sends invites to May 7 launch event, new iPads expected
Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024.Angela Weiss | AFP | Getty ImagesApple will launch new products on May 7 in a online event, according to invites sent to the...
Spotify (SPOT) earnings Q1 2024
Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016.Toru Yamanaka | AFP | Getty ImagesSpotify reported first quarter earnings on Tuesday, notching record quarterly profit and...
Google search boss Raghavan warns employees of ‘new operating reality’
Prabhakar Raghavan, senior vice president at Google, speaks during the US Conference of Mayors Winter Meeting in Washington, DC, US, on Wednesday, Jan. 17, 2024. Julia Nikhinson | Bloomberg | Getty ImagesWearing a hoodie with the words "We use Math" on the front,...
Philippines orders Google, Apple to remove Binance from app stores
Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | ReutersThe Philippines' Securities and...
Apple iPhone sales drop 19% in China as Huawei demand soars: Counterpoint
TOPSHOT - The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Patrick T. Fallon | Afp |...
Amazon ends drone program in California as it eyes Arizona launch
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesAmazon is shuttering its drone delivery operations in Lockeford, California, one of the earliest U.S....
Big Tech keeps prioritizing AI as earnings approach
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024.Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week,...
UnitedHealth paid ransom to bad actors, says patient data compromised
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group on Monday said it paid ransom to cyberthreat actors to try and protect patient data, following the February cyberattack on its subsidiary Change Healthcare. The company also confirmed that files containing...
Activist investor Jana has stake in Wolfspeed, urges sale
Scott Ostfeld, managing partner and portfolio manager with JANA Partners LLC., speaks during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 17, 2023. Brendan Mcdermid | ReutersActivist investor Jana Partners disclosed in a letter...
India is a key chip design market, says Qualcomm, as Modi makes chip push
A worker inspects a circuit board for a smartphone at Dixon Technologies' Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million...
China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era
IQiyi, sometimes dubbed the "Netflix" of China, swung to a profit in 2023 for the first time since it listed in the U.S. in 2018.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video streaming platform iQiyi is turning its attention to the country's aging...
SoftBank to invest millions in AI push, tapping Nvidia’s chips: Nikkei
Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023.Kiyoshi Ota | Bloomberg | Getty ImagesJapanese tech conglomerate SoftBank is looking to develop a "world-class" Japanese-language-specific generative artificial...
Tesla shares fall to 15-month low after price cuts and layoffs
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday.The stock dropped 3.5% as of Monday afternoon to...
Inside a Silicon Valley hacker house coding for bitcoin’s new tokens
Magic Eden coders gathered in an Airbnb in San Jose, California, to hack in preparation for the so-called bitcoin halving.Amil HusainIn the East Foothills of San Jose, California, 17 coders working for the popular ordinals marketplace maker, Magic Eden, piled into a...
Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies
Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating system, the company said Monday.The move will create new hardware devices that run on the same...
European Union threatens to suspend TikTok Lite’s rewards program
This photograph taken on April 11, 2024, in Paris, shows the logo of the Chinese social network application TikTok Lite displayed in Apple's App Store. The social network TikTok, owned by the Chinese company ByteDance, has launched a new application in France and...
Informatica not in acquisition talks with Salesforce
Amit Walia, CEO, Informatica at the New York Stock Exchange, October 27, 2021.Source: NYSEEnterprise data management company Informatica is not currently in talks to be acquired, the company said on Monday, after earlier reports suggested Salesforce was interested in...
Crypto prices gain to start the week following first Bitcoin halving since 2020
Nicolas Economou | Nurphoto | Getty ImagesBitcoin rose slightly to start the week after the network on Friday completed its fourth ever halving, which reduces the incentives paid to bitcoin miners.The price of the cryptocurrency was last higher by 1.8% at $65,891.28,...
Tesla shares slide, Li Auto sinks as EV makers slash prices
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024.CostFoto | Nurphoto | Getty ImagesTesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric...
China is years behind U.S. chips, Secretary Raimondo tells 60 Minutes
WASHINGTON, DC - JULY 25: U.S. Secretary of Commerce Gina Raimondo listens as U.S. President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, in the South Court Auditorium at the White...
Why Apple is betting big on India
"There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it's great to be there," Apple CEO Tim Cook said in May last year.His comments underscore one reason Apple has recently made an aggressive play to expand...
Bitcoin miners get into AI to survive halving
AUSTIN, TEXAS — Adam Sullivan left investment banking to mine bitcoin at an awkward time. It was May 2023, bitcoin was trading at around $21,000, U.S. regulators were in the thick of cracking down on the sector writ large, and Core Scientific, the company he had...
Bitcoin miner Gridless, backed by Block, builds site at Kenya volcano
HELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park.The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called...
Bitcoin just completed its fourth-ever ‘halving,’ here’s what investors need to watch now
The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history.The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins,...
Bitcoin network completes fourth-ever ‘halving’ of rewards to miners
The Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.The price of bitcoin has been volatile ahead of the event, and fell about 4% this week to trade around $64,100, according to Coin...
Autonomous drone startup Zipline hits 1 million deliveries
A drone operator loads a Walmart package into Zipline's P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023.Bunee TomlinsonAutonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers...
Dutch government may stop using Facebook after privacy concerns
Morning traffic outside Meta headquarters, in Mountain View, California, U.S. November 9, 2022.Peter Dasilva | ReutersThe Dutch government said Friday that it may be forced to stop using Facebook after a warning from the Netherlands' privacy regulator about the...
Super Micro plunges ahead of third-quarter earnings later this month
David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market's hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in...
Apple pulls Meta’s WhatsApp, Threads from China App Store
Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week at Apple Park in San Francisco, California, on November 17, 2023. Andrew Caballero-Reynolds |...
Tesla Cybertruck recalled over trapped pedal issue seen in viral video
Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023.Mike Blake | ReutersTesla has issued a voluntary recall for 3,878 Cybertrucks to fix the "stuck pedal" issue that had been depicted in a viral TikTok video posted...
Los Angeles is using an AI pilot program to try to predict homelessness
A woman walks past tents for the homeless lining a street in Los Angeles, Calif. on Feb. 1, 2021.FREDERIC J. BROWN | AFP | Getty ImagesIn December of last year, single mom Courtney Peterson was laid off from her job working for a now-shuttered inpatient transitional...
Messaging app Telegram to allow Tether stablecoin payments
Stablecoin Tether and Circle's USDC dominate the market.Justin Tallis | Afp | Getty ImagesTelegram users can now start making stablecoin USDT payments to each other through the encrypted messaging service's linked blockchain.Telegram, which has roughly 900 million...
Bitcoin bull Michael Saylor made $370 million from MicroStrategy sales
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 ImagesMicroStrategy founder and bitcoin evangelist...
Dutch minister confident chip firm ASML will stay in the Netherlands
A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad.Steven van Weyenberg, the Netherlands' finance minister, told CNBC's...
Taiwan plays ‘very crucial role’ in AI supply chain, says TWSE chief
Taiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview.Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong...
Meta AI assistant comes to WhatsApp, Instagram, Facebook and Messenger
Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023.Josh Edelson | AFP | Getty ImagesMeta on Thursday announced its free artificial intelligence assistant, Meta AI, is rolling out...
23andMe CEO Anne Wojcicki considers taking company private
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private after its stock price has tumbled...
AI startup Stability lays off 10% of employees after CEO exit
Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesBeleaguered artificial intelligence startup Stability is laying off...
Google workers arrested after nine-hour protest in cloud CEO’s office
Nine Google workers were arrested on trespassing charges Tuesday night after staging a sit-in at the company's offices in New York and Sunnyvale, California, including a protest in Google Cloud CEO Thomas Kurian's office.The arrests, which were livestreamed on Twitch...
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018.Andrew Harrer | Bloomberg | Getty ImagesTesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a...
Police take down massive fraud website LabHost
Illustration of a cybercriminal using a computer.Seksan Mongkhonkhamsao | Moment | Getty ImagesA huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords, and bank details, has been...
Baidu releases new AI tools to promote application development
Baidu CEO Robin Li speaks during the company's Create conference in Shenzhen, China, on April 16, 2024.Bloomberg | Bloomberg | Getty ImagesSHENZHEN, China – One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the company this week...
Malaysia is unfazed by China, U.S. chip competition, minister says
KUALA LUMPUR, MALAYSIA - 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. The urban city is also well...
Google terminates 28 employees after series of protests: Read the memo
Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company's contract to provide the Israeli government and military with cloud computing and artificial intelligence...
Tesla says in email it sent some ‘incorrectly low’ severance packages
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes |...
TSMC Q1 2024 earnings 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 on Thursday beat...
Cisco debuts new AI-focused cybersecurity system after Splunk deal
The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024. Charlie Perez | Nurphoto | Getty ImagesEnterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at securing data...
Huawei launches Pura 70 smartphones in challenge to Apple in China
Huawei's official website in China listed details of the Huawei Pura 70 series.HuaweiHuawei launched a fresh line-up of smartphones on Thursday in a bid to continue its resurgence in China and ramp up its challenge to Apple in the market.The Chinese technology giant...
Tim Cook visits Singapore amid Apple’s Southeast Asia expansion
Tim Cook, chief executive officer of Apple Inc., center, arrives at Apple Developer Academy at Binus University in Tangerang, Banten, Indonesia, on Wednesday, April 17, 2024. Bloomberg | Bloomberg | Getty ImagesApple's Tim Cook is in Singapore for the latest leg of...
Google restructures finance team as part of AI shift, CFO tells employees in memo
Alphabet Chief Financial Officer Ruth Porat.Adam Galica | CNBCAlphabet Chief Financial Officer Ruth Porat said in a memo Wednesday that Google is restructuring its finance organization, a move that will include layoffs and relocations, as the company pushes resources...
ASML earnings drag semiconductor stocks lower
Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML's new High NA EUV tool are tested.ASMLChip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61%...
Amazon starts selling smart grocery carts to other retailers
A woman uses a dash cart during her grocery-shopping at a Whole Foods store as Amazon launches smart shopping carts at Whole Foods stores in San Mateo, California, United States on February 25, 2024. The smart shopping cart makes grocery shopping quicker by allowing...
AWS stops selling Snowmobile truck for cloud migrations
Amazon Web Services Snowmobile TruckCNBCAt Amazon's annual cloud conference in 2016, the company captured the crowd's attention by driving an 18-wheeler onstage. Andy Jassy, now Amazon's CEO, called it the Snowmobile, and said the company would be using the truck to...
Tesla to ask holders to reinstate voided stock grant
Elon Musk attends the premiere of ''Lola'' held at the Regency Bruin Theatre in Los Angeles, California, U.S., February 3, 2024. Aude Guerrucci | ReutersTesla plans to ask shareholders to reinstate CEO Elon Musk's $56 billion pay package from 2018 after a Delaware...
Apple will ‘look at’ manufacturing in Indonesia: Tim Cook
Apple CEO Tim Cook gestures as he arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024.Bay Ismoyo | AFP | Getty ImagesApple CEO Tim Cook said the company will "look at" manufacturing in Indonesia, following a...
What is it and what does it mean for crypto prices?
The bitcoin "halving" is almost upon us.This technical event, written in bitcoin's code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market.Since there will...
ASML earnings report Q1 2024
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Peter Boer | Bloomberg | Getty ImagesShares of ASML on Wednesday fell as the company missed sales forecasts, but stuck to its full-year outlook.ASML's...
Andreessen Horowitz raises $7.2 billion across five funds
Marc Andreessen and Ben HorowitzGetty ImagesAndreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. "This marks an...
Microsoft invests $1.5 billion in AI firm G42, takes minority stake
Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017.JASON REDMOND | AFP | Getty ImagesMicrosoft will invest $1.5 billion into G42, an artificial intelligence firm...
AMD launches new chips for AI PCs amid fierce fight with Nvidia, Intel
POLAND - 2023/07/31: In this photo illustration an AMD logo seen displayed on a smartphone with stock market percentages on a laptop screen. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesU.S. chip...
Tesla layoffs send shares down on concerns about weakening demand
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesCompanies often see their stock price jump after announcing job cuts,...
UnitedHealth Group (UNH) Q1 2024 earnings
UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare.Here's how the company did:Earnings: $6.91 per share...
Ad transparency tools ‘major disappointment’ ahead of election: study
Heading into the 2024 election in the U.S. and major political contests around the world, internet companies are unprepared for the onslaught of misinformation that's coming.That's according to research out Tuesday from Mozilla and CheckFirst, which concludes that...
Baidu says its ChatGPT-like Ernie bot exceeds 200 million users
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersSHENZHEN — Baidu CEO Robin Li said Tuesday the company's ChatGPT-like Ernie bot has exceeded 200 million users.He added the company would...
Tesla execs Drew Baglino and Rohan Patel depart amid layoffs
Rows of new Tesla cars are seen in a holding area near a customer collection point in London, England, on April 15, 2024.Leon Neal | Getty ImagesTesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy...
Particle Health says dispute with Epic not affecting most customers
Joos Mind | Photodisc | Getty ImagesParticle Health said on Monday that the "vast majority" of its customers are still receiving records from medical software giant Epic Systems despite an ongoing dispute between the two companies over data-sharing practices.Epic's...
Salesforce drops after reports it is in talks to acquire Informatica
People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019.Brendan McDermid | ReutersSalesforce stock fell 5% Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm...
Adobe releases Acrobat AI assistant starting at $4.99 a month
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 on Monday released its artificial intelligence assistant, which helps users understand the contents of digital...
Hong Kong regulators approve spot bitcoin and ether ETFs
Jakub Porzycki | Nurphoto | Getty ImagesHong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market.Bitcoin was trading around 3%...
Tesla shares dip in premarket trade on global layoff reports
A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. Mike Blake | ReutersTesla shares were down over 1% in premarket trade Monday on media reports that the automaker will lay off more than 10% of its global...
Freetrade, Britain’s answer to Robinhood, hits breakeven
The Freetrade logo on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesBritish stock trading app Freetrade hit eked out breakeven earlier this year, the company told CNBC, marking its first-ever move into the black after incurring...
Apple CEO Tim Cook visits Vietnam
Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the U.S. tech giant looks to boost sales in new markets.Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported.The CEO posted pictures on X on Monday in...
ChatGPT-maker OpenAI opens its first Asia office in Japan
In this photo illustration, an OpenAI logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesOpenAI has opened its first Asian office in Tokyo, Japan as the ChatGPT developer aims to expand its global presence."We're...
Apple iPhone shipments sink as Chinese challengers rise in Q1: IDC
TOPSHOT - The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Patrick T. Fallon | Afp |...
How Spotify AI plans to know what’s going on inside your head
With about 100 million tracks available and over 600 million subscribers, helping listeners find the music they will love has become a navigational challenge for Spotify. It's the promise of personalization and meaningful recommendations that will give the vast...
How the U.S. government is regulating AI
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence.Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates...
Google removing links to California news websites after state bill
Google headquarters is seen in Mountain View, California, United States on May 15, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesGoogle will begin removing links to California news websites from search results for some Californians in response to a bill that would...
Tesla cuts price FSD premium driver assistance option by half in U.S.
Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024.Jeff Gritchen | Medianews Group | Getty ImagesTesla said on Friday that it's cutting the subscription price of its premium driver assistance system for customers in the U.S.Marketed as...
Epic Systems boots Particle Health for unauthorized sharing of data
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the largest provider of software for managing medical records, says a venture-backed startup called Particle Health is using patient data in unauthorized and...
Cameron and Tyler Winklevoss invest millions in English soccer club
Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida.Joe Raedle | Getty ImagesCameron and Tyler Winklevoss, the billionaire twins known for suing Mark Zuckerberg for allegedly...
AMD, Intel dip on report China told telecoms to remove foreign chips
Semiconductors are a key focus in the technology trade war taking place between the U.S. and China.William_potter | Istock | Getty ImagesShares of Advanced Micro Devices and Intel dipped on Friday after The Wall Street Journal reported that China is ordering the...
LinkedIn expands Thought Leader ads, eyeing TikTok and Instagram
Ryan Roslansky, CEO of Microsoft's LinkedIn subsidiary, speaks at a LinkedIn event in San Francisco on Sept. 22, 2016.David Paul Morris | Bloomberg | Getty ImagesInfluencer marketing has become big business on TikTok and Instagram, where popular creators can make good...
OpenAI’s Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
Jaap Arriens | Nurphoto | Getty ImagesOpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head to...
Apple stock just had its best day since last May
Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024.Angela Weiss | AFP | Getty ImagesApple shares climbed 4.3% on Thursday to a share price of $175.04. It is Apple's best day...
China remains a crucial market for U.S. chipmakers amid rising tensions
US-China chip war graphicWong Yu Liang | Moment | Getty ImagesChina remains an essential market for most American chipmakers despite Washington's efforts to restrict chip sales to the country and amid Beijing's push for self sufficiency in the semiconductor...
Top Amazon exec says it’s a ‘myth’ robots steal jobs
A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida.Nurphoto | Nurphoto | Getty ImagesA top Amazon executive told CNBC Thursday that it's a "myth" that robots and other technologies take...
The upcoming Bitcoin halving is different from others before it. Here’s what investors need to know.
Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June.Yu Chun Christopher Wong | S3studio | Getty ImagesJust a few years ago, the Bitcoin halving was something celebrated by only the earliest cryptocurrency lovers, who swore...
Vinod Khosla calls on Senate to pass bill
Vinod Khosla and Jacob Helberg.Patrick T. Fallon | AFP | Picture Alliance | Getty ImagesInvestor Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter Thursday calling on Senators to pass a bill that would force the divestiture of Bytedance-owned...
Amazon CEO Jassy spurns regulators after failed iRobot deal
Amazon CEO Andy Jassy on Thursday took aim at regulators who are increasingly blocking mergers, including the company's planned acquisition of robotic vacuum maker iRobot, which fell apart earlier this year amid antitrust concerns."I think it's really kind of a sad...
Brady, Jeter headline Fanatics’ effort to build a comic-con of sports
Tom Brady attends Fanatics and Topps 'Hobby Rip Night' Event with Michael Rubin, Tom Brady, Kevin Hart and Travis Scott on September 30, 2023 in Linwood, New Jersey. Dave Kotinsky | Getty Images Entertainment | Getty ImagesSince the New York Comic-Con launched in...
Microsoft will unveil new Windows and cloud AI features in May
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesMicrosoft will reveal brand-new artificial intelligence tools for use...
Google to launch AI photo eraser for iPhone and other Android phones
Rick Osterloh, Google's senior vice president, Devices & Services, speaks during a product launch event for the Google Pixel 8, and Pixel 8 pro phones, Pixel Watch 2, and Pixel Buds Pro earbuds, in New York on October 4, 2023.Ed Jones | Afp | Getty ImagesGoogle...
Meta debuts new generation of AI chip
Omar Marques | Sopa Images | Lightrocket | Getty ImagesMeta Platforms unveiled details on Wednesday about the next generation of the company's in-house artificial intelligence accelerator chip. Reuters reported earlier this year that Meta planned to deploy a new...
Nvidia and Georgia Tech announce first AI supercomputer for students
Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesNvidia and the Georgia Institute of Technology announced Wednesday the first artificial...
Apple made $14 billion worth of iPhones in India in shift from China
Apple CEO Tim Cook attends the first meeting of the American Workforce Policy Advisory Board with then-President Donald Trump in the State Dining Room of the White House in Washington, D.C., on March 6, 2019.Saul Loeb | AFP | Getty ImagesApple produced $14 billion...
Alibaba founder Jack Ma re-emerges with praise of ‘transformations’
Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the move as a signal that the Chinese government is softening its stance toward tech giants...
Tesla’s Musk to meet Modi in India and announce investment plans: Reuters
Indian Prime Minister Narendra Modi (R) meets with Elon Musk (L) in New York, United States on June 20, 2023.Indian Press Information Bureau | Anadolu Agency | Getty ImagesTesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is...
Nvidia (NVDA) stock down 10% from highs, in correction territory
Nvidia founder and CEO Jensen Huang displays products onstage during the annual Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Josh Edelson | Afp | Getty ImagesChipmaking giant Nvidia has entered "correction territory," with shares...
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023Jakub Porzycki | Nurphoto | Getty ImagesTaiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it...
Intel unveils Gaudi 3 AI chip as Nvidia competition heats up
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce...
Google announces Axion Arm-based chips for energy-efficient computing
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019.Michael Short | Bloomberg | Getty ImagesGoogle is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next...
Google partners with Bayer on new AI product for radiologists
Google Cloud and the German health-care company Bayer on Tuesday announced they are building an artificial intelligence-powered platform that aims to help radiologists diagnose patients and work through cases more quickly. The platform's generative AI flags anomalies...
Dude Perfect YouTube channel scores multimillion-dollar investment
Popular YouTube group Dude Perfect, which first rose to popularity for its basketball trick shots, has secured a significant nine-figure investment, in the range of $100 million to $300 million, from private investment firm Highmount Capital. The investment will...
Binance has matured past cultural issues, CEO says, after $4.3 billion U.S. DOJ settlement
Binance CEO Richard Teng at the Paris Blockchain Week summit in Paris, France, on Tuesday, April 9, 2024. Bloomberg | Bloomberg | Getty ImagesBinance's new CEO Richard Teng said the company has moved past cultural issues after the company was hit with a $4.3 billion...
SEC won’t approve ether (ETH) exchange-traded fund
Jakub Porzycki | Nurphoto | Getty ImagesPARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrency ether.The regulator has a late-May...
Tesla settles wrongful death lawsuit over fatal 2018 Autopilot crash
A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018. S. Engleman | Via ReutersTesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after...
Singapore tech salaries for data scientists, cybersecurity jumped in 2023
Young Group Of Professionals Developing Business Strategy and Providing The Business PlanPekic | E+ | Getty ImagesSINGAPORE — Tech salaries in Singapore mostly fell in 2023 amid a tech downturn, but certain roles — including for data science and cybersecurity — saw...
Sustainable toilet paper is transforming the industry
Toilet paper wipes out thousands of acres of Canadian forest each year, and demand for it is growing. So too is the demand for a more sustainable alternative, and the competition is on a roll.Toilet paper is most often made of wood pulp, which, in the U.S., is...
TSMC set to receive up to $6.6 billion in funding for Arizona plants
U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled "Chips on the Table: A one year review of the CHIPS and Science Act," in the Rayburn Building in Washington, D.C., on Sept. 19, 2023.Tom Williams...
Crypto market to double in size to $5 trillion in 2024
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersThe CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market...
Top UK election cyber risks
Disinformation is expected to be among the top cyber risks for elections in 2024.Andrew Brookes | Image Source | Getty ImagesBritain is expected to face a barrage of state-backed cyber attacks and disinformation campaigns as it heads to the polls in 2024 — and...
China says ‘constant innovations,’ not subsidies, behind its EV edge
Newly launched BYD Seal is displayed during the launch of the Chinese-made BYD brand in Jakarta, on January 18, 2024, and at the same time introduced 2 other types of battery-powered vehicles (EV, electric vehicle) that will be sold in Indonesia, with an investment of...
Oracle, ChatGPT and the ‘sovereign’ cloud nations will seek in future
Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesEvery tech company is talking up its AI opportunity. Oracle is no exception. But during an earnings...
Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes |...
NSC COO John Orr has history of abusive behavior, activist Ancora says
A general view of the exterior of the headquarters of Norfolk Southern on April 1, 2023 in Atlanta, Georgia. Icon Sportswire | Getty ImagesNorfolk Southern is almost two months into a battle with activist investor Ancora, which is trying to shake up the railroad's...
Tesla scraps low-cost car plans amid fierce Chinese EV competition: Reuters
Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024.Jeff Gritchen | Medianews Group | Getty ImagesTesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker,...
Teladoc CEO departs the company, CFO to serve as interim head
Jason Gorevic, CEO, TeladocScott Mlyn | CNBCTeladoc Health on Friday announced the sudden departure of CEO Jason Gorevic, who is leaving his role as head of the company effective immediately, according to a release.The company's board of directors has temporarily...
Twilio board shakeup prompts renewed activist scrutiny
For almost a year, Twilio has been under pressure from activist investors, who have urged the software vendor to shake up its board and even seek a potential sale of the company. Twilio founder and longtime CEO Jeff Lawson resigned in January.Anson Funds, the activist...
Samsung Q1 2024 earnings guidance: Memory chip prices rebound
SHANGHAI, CHINA - MARCH 14, 2024 - Visitors visit the Galaxy S24 phones at SAMSUNG booth at AWE2024 in Shanghai, China, March 14, 2024.CFOTO | Future Publishing | Getty ImagesSamsung Electronics on Friday said it expects to post a 931% increase in first quarter...
Poor resale values of EVs are a problem for the industry, warn experts
Drivers charge their Teslas in Fountain Valley, California, on March 20, 2024.Jeff Gritchen | Medianews Group | Getty ImagesA car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That's becoming a major...
Apple lays off over 600 employees after shuttering car project
Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023.David Paul Morris | Bloomberg | Getty ImagesApple is laying off 614 workers in California, according to a new state filing, the company's first significant round of...
Apple supplier Foxconn posts 9% fall in first-quarter revenue
Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021.Vcg | Visual China Group | Getty ImagesApple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.The company,...
How India is challenging China as Asia’s tech powerhouse
For years, China has been Asia's technology powerhouse.It is home to what once were some of the world's most valuable companies, from Tencent to Alibaba. It is where most of the world's iPhones and other electronics products are produced. And it is now a serious...
Nvidia to build a $200 million AI center in Indonesia amid Southeast Asia push
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015.Robert Galbraith | ReutersNvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant...
Meta rises to record after Jefferies, RBC analysts raise price targets
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two...
Amazon resumes construction on office tower after years-long hiatus
A render of Amazon's 43-story office tower in Bellevue. Construction is expected to be complete by 2024.AmazonAmazon is resuming construction on a 42-story office tower in the Seattle suburb of Bellevue, the company said Thursday, after 22 floors of the building sat...
Alphabet considers bid for $32 billion HubSpot: Report
Sundar Pichai, CEO, AlphabetSource: GoogleShares of HubSpot popped 7% on Thursday morning after Reuters reported that Alphabet is in talks with its advisers to make an offer for the marketing software company.Alphabet has in recent days discussed how much it should...
Crypto firm Ripple to launch U.S. dollar stablecoin
In 2020, the U.S. SEC accused Ripple and its co-founders of breaching securities laws by selling its native cryptocurrency XRP without first registering it with the SEC.Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump...
Elon Musk’s X begins rewarding ‘influential’ users with blue checks
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's social media site X began rolling out free premium features, including verification badges known as "blue checks," to select users late Wednesday in an effort to reward what it calls "influential" people on the...
Apple exploring personal home robots: report
Apple CEO Tim Cook (2nd R) greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024.Angela Weiss | AFP | Getty ImagesApple is exploring the development of personal home robots after ditching its...
Venture deals in U.S. fell to lowest level since 2017 in Q1: PitchBook
Omar Marques | Lightrocket | Getty ImagesEven with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.Deal volume for U.S. venture investments in the first quarter sank...
Coinbase secures restricted dealer license in Canada
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesCoinbase has been granted a registration license in Canada, the company told CNBC, allowing it to...
Ex-Twitter GM Nick Caldwell sues Elon Musk, X over unpaid severance
Harun Ozalp | Anadolu Agency | Getty ImagesFormer Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022.In the suit, filed in a California...
Apple says App Store and other services are back online after outage
The Apple Music application for download in the Apple App store.Gabby Jones | Bloomberg | Getty ImagesApple on Wednesday said it had fixed an outage for its App Store on iOS and MacOS devices.The iPhone maker picked up 19% of revenue from its Services category,...
Tesla to explore locations in India for $3 billion EV factory, FT reports
An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. - US electric car pioneer Tesla received the go-ahead for its "gigafactory" in Germany on March 4, 2022,...
Google sues crypto scammers for allegedly uploading fake apps
Google filed a lawsuit on Thursday against a group of crypto scammers, alleging they defrauded more than 100,000 people across the globe by uploading fraudulent investment and crypto exchange apps to Google Play. Google says it's the first tech company to take action...
Malaysia emerges as a hotspot for chip firms amid U.S.-China tech war
KUALA LUMPUR, MALAYSIA - 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. The urban city is also well...
Coinbase partner ClearBank posts first full-year of profit
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023.Chris Ratcliffe | Bloomberg | Getty ImagesClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit...
SK Hynix plans to invest $3.87 billion in U.S. chip facility
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.Jakub Porzycki | Nurphoto | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, said it would invest $3.87 billion in its first...
China’s BYD to launch first electric pickup truck this year
BYD teased its upcoming electric pickup truck which the Chinese auto giant said it would launch in 2024.BYDBYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla.The...
UK regulators refer Vodafone’s merger with Three for in-depth probe
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 |...
Intel drops almost 8% after chipmaker reports hefty loss in foundry business
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares fell almost 8% on Wednesday after the company disclosed long-awaited financials in an SEC filing for its semiconductor manufacturing,...
Intel shares dip after company reports $7 billion operating loss in foundry business
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares fell 7% on Wednesday after the company disclosed long-awaited financials in an SEC filing for its semiconductor manufacturing, or...
Spotify plans to raise prices: Report
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange in New York City, Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify shares jumped 6% on Wednesday after a Bloomberg report said the company will increase prices for its premium...
Hundreds of jobs cut in cloud computing unit
Attendees walk through an expo hall during Amazon Web Services' Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon's cloud computing division is laying off hundreds of employees in its...
Waymo self-driving cars are delivering Uber Eats orders for first time
Two Waymo autonomous vehicles drive themselves down Central Avenue in Phoenix, Arizona, U.S., March 18, 2024. Caitlin O'hara | ReutersUber Eats customers may start receiving orders delivered by a Waymo self-driving car for the first time in the Phoenix metropolitan...
TSMC’s evacuated workers return to some factories after Taiwan’s strongest earthquake in 25 years
An aerial view shows workers taking down a collapsed building in eastern Taiwan's Hualien county following an earthquake/Sam Yeh | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Co said all its workers were safe and those who were evacuated have started...
Amazon ditches cashierless checkout system at its grocery stores
Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. Medianews Group/los Angeles Daily News Via Getty Images | Medianews Group | Getty ImagesAmazon is removing...
Prenosis says AI tool for sepsis approved by FDA
Signage is seen outside the U.S. Food and Drug Administration headquarters in White Oak, Maryland, Aug. 29, 2020.Andrew Kelly | ReutersThe health technology company Prenosis on Wednesday announced its artificial intelligence-powered diagnostic tool for sepsis is the...
Tesla bear says Elon Musk’s EV maker will ‘go bust,’ stock worth $14
Elon Musk, CEO of Tesla, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Italy, on Dec. 15, 2023.Antonio Masiello | Getty ImagesTesla could "go bust" while its stock could fall to $14, Per Lekander, a hedge fund...
South Korea’s kimchi premium in the spotlight after BTC’s record highs
A bowl of kimchi, a fermented vegetable side dish that is a staple in all Korean mealsKitzcorner | Getty ImagesYou may have heard of the "Korea discount" in South Korea's stock markets. Now, get ready for the "kimchi premium," named after the popular side dish of...
Intel shares fall on $7 billion operating loss in foundry business
U.S. President Joe Biden tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024. Kevin Lamarque | ReutersIntel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor...
Google to destroy browsing data to settle consumer privacy lawsuit
A man walks through Google offices on January 25, 2023 in New York City.Leonardo Munoz | Corbis News | Getty ImagesGoogle agreed to destroy billions of data records to settle a lawsuit claiming it secretly tracked the internet use of people who thought they were...
Zoom and Salesforce stand to benefit from Microsoft’s unbundling
Microsoft's rivals won a reprieve on Monday, when the software giant said it would split up its Teams and Office bundles following scrutiny from European regulators. Zoom, whose video chat app took off during the Covid pandemic, has struggled of late to compete with...
Rubrik files to go public as tech companies see thawing of IPO market
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.Greylock PartnersRubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company...
Japan approves $3.9 billion in subsidies to domestic chip maker Rapidus
Holographic robot arms making semiconductor.Yuichiro Chino | Moment | Getty ImagesJapan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on...
BurnBot raises $20 million to build technology for wildfire prevention
BurnBot RX burns unwanted vegetation without emitting plumes of smoke.Lora Kolodny for CNBCLast year's record heat wave worsened drought and dry conditions across the globe, a particularly calamitous situation for California, which has seen 13 of the state's 20 most...
Legal tech startup Luminance rides AI hype to $40 million fundraise
Mathisworks | Digitalvision Vectors | Getty ImagesLegal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence.The company told CNBC...
Jon Stewart says Apple asked him not to interview FTC Chair Lina Khan
Guest Jon Stewart on "The Late Show with Stephen Colbert" on June 17, 2019.CBS Photo Archive | CBS | Getty ImagesComedian Jon Stewart said Apple asked him not to interview Federal Trade Commission Chair Lina Khan on a podcast while he was hosting his Apple TV+ show...
Bitcoin tumbles $5,000 in 24 hours as interest rates jump
A bitcoin is on a screen showing the Bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesBitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar.The flagship...
Tesla (TSLA) Q1 2024 vehicle delivery and production numbers
Tesla's new Model 3 sedans wait to be shipped aboard at Shanghai Haitong International Automotive Terminal in Shanghai, China, on March 14, 2024.VCG | Getty ImagesTesla just published its first-quarter vehicle production and deliveries report for 2024. Here are the...
Microsoft separates Teams and Office globally amid antitrust scrutiny
Exterior view of the Microsoft Times Square building in New York City on Jan. 29, 2023.Kena Betancur | Corbis News | Getty ImagesMicrosoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech giant said on Monday, six...
Samsung says it could upgrade Bixby with generative AI
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year....
What next for the tech
In 2022, I was on a rooftop overlooking a runway surrounded by olive trees in the south of Spain. An aircraft hovered in the sky and zipped off into the distance.It was my first up-close encounter with an electric vertical take-off and landing (eVTOL) vehicle,...
In AI race with US, China is behind on a key weapon: Its own OpenAI
People learn about Baidu's artificial intelligence chatbot service Ernie Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November 23, 2023 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty...
AT&T investigating breach that put customer data on dark web
A pedestrian passes an AT&T store in New York, U.S.Scott Mlyn | CNBCAT&T announced Saturday that it is investigating a two-week-old data breach that published millions of customers' data on the dark web, a portion of the internet that can only be accessed...
FOMO drives tech heavyweights to invest billions in generative AI
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty Images News | Getty ImagesTech giants aren't doing much acquiring these days, due mostly to an unfavorable...
Caroline Ellison, SBF ex-girlfriend, helped put FTX founder in prison
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty ImagesIn sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday,...
Reddit shares plunge 25% in two days, end week below first day close
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesReddit shares are plummeting after experiencing a rally stemming from the social...
Tesla stock drops 29% in first quarter as global dominance wanes
A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024. Florence Lo | ReutersIt was a brutal first quarter for Tesla investors.Shares of the electric vehicle maker plunged 29% in the first three months of the year, the...
FTX founder in New York federal court
FTX founder Sam Bankman-Fried faces sentencing Thursday in New York federal court for a massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund.Federal prosecutors want Bankman-Fried sentenced to between 40 to 50 years...
Xiaomi releases electric car $4k cheaper than Tesla’s Model 3 as price wars heat up
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date.CNBC | Evelyn ChengBEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car...
Parent of FTX victim who lost $130,000 asks judge to go easy on SBF
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City.Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November...
Sam Bankman-Fried FTX fraud victim says life was destroyed
NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. Fatih Aktas | Anadolu Agency | Getty ImagesIn a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022...
SBF team argues for 5-6 year sentence, cite FTX customers’ money
Government exhibit in the case against former FTX CEO Sam Bankman-Fried.Source: SDNYWhile prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that's...
China-made vehicles will make up a quarter of Europe’s EV sales this year
A BYD Co. Atto 3 electric sport utility vehicle (SUV) on day two of the Geneva International Motor Show in Geneva, Switzerland, on Tuesday, Feb. 27, 2024. Bloomberg | Bloomberg | Getty ImagesChina-made electric vehicles will make up more than a quarter of the EV sales...
UnitedHealth Group paid over $3 billion to providers since cyberattack
In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen. Sheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare...
How FTX’s Sam Bankman-Fried went from crypto king to convicted conman
Samuel Bankman-Fried's poster in downtown San Francisco.MacKenzie Sigalos | CNBCTwo years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world's most valuable crypto...
No force can stop the pace of China’s tech advance
THE HAGUE, NETHERLANDS - MARCH 23:Dutch Prime Minister Mark Rutte meets with the President of the People's Republic of China Xi Jinping at the Catshuis March 23, 2014 in The Hague, Netherlands. (Photo by Valerie Kuypers-Pool/Getty ImagesValerie Kuypers-Pool | Getty...
Amazon spends $2.7B on startup Anthropic in largest venture investment
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that's widely viewed...
SEC scores big win in lawsuit against crypto exchange Coinbase
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.Dado Ruvic | ReutersThe Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on...
UK restricts memes about crypto, other investments to combat scams
Wenjin Chen | Digitalvision Vectors | Getty ImagesBritain's financial services regulator announced guidelines for financial services companies and social media influencers making memes about cryptocurrencies and other investments in a bid to tackle a rise in scams.The...
Adam Neumann WeWork bid faces questions over financing, business plan
Israeli-American businessman Adam Neumann speaks during The Israeli American Council (IAC) 8th Annual National Summit on January 19, 2023 in Austin, Texas.Shahar Azran | Getty ImagesAdam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more...
Reddit stock jumps 9% as post-IPO rally continues
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) while 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...
SEC charges Arista co-founder Andy Bechtolsheim with insider trading
Andreas "Andy" Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013.David Paul Morris | Bloomberg | Getty ImagesAndy Bechtolsheim, the co-founder of Sun...
Apple announces WWDC 2024, AI announcements expected
The WWDC stage, an hour before showtime.CNBC/Kif LeswingApple on Tuesday announced that its annual developers conference, WWDC, will take place June 10 through June 14.The conference will be livestreamed on Apple's website, although the company is inviting some...
Amazon launches same-day prescription delivery in New York, LA
The Amazon Pharmacy home screen is displayed on a laptop in Brooklyn, New York, on Nov. 17, 2020.Gabby Jones | Bloomberg | Getty ImagesAmazon's effort to get customers in the two largest U.S. markets whatever they want on the day of their order has expanded to include...
How BYD grew from a battery maker to EV juggernaut, overtaking Tesla
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world's largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars...
Alibaba (BABA) scraps Cainiao IPO, offers full ownership
The Alibaba Group company logo is displayed on a screen at the New York Stock Exchange during morning trading on February 14, 2024 in New York City. Michael M. Santiago | Getty ImagesAlibaba on Tuesday said it was scrapping a planned initial public offering for its...
Startup Recurrent tells used EV buyers how much life is left in a car
Recurrent, a Seattle-based startup, aims to do for electric vehicle batteries what odometers do for fuel-powered cars: show the wear and tear on the battery and its future value.The used car market is more than twice the size of the new car market, and EVs are fast...
Texan bitcoin miner Giga partners with Phoenix Global in Argentina
Brent Whitehead and Matt Lohstroh at the first unit they built in east Texas.Matt LohstrohThe Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the...
Reddit shares rise 30% to start week after social media company’s IPO
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares jumped 30% on Monday, as investors continued snapping up the stock following last...
Neumann makes a $500 million bid for WeWork, could reach $900 million
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork's Weihai Road location on April 12, 2018 in Shanghai, China.Jackal Pan | Visual China Group | Getty ImagesAdam Neumann has submitted an unsolicited bid...
Microsoft picks Pavan Davuluri to lead Windows and Surface
Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams.Davuluri, who joined Microsoft in 2001 and has been corporate vice president for almost three years, is taking on additional...
Elon Musk requires ‘FSD’ demo for Tesla buyer in North America
Elon Musk hands over a Model Y car to a customer during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022.Patrick Pleul | Pool | Via ReutersTesla CEO Elon Musk is now requiring employees to install and show...
Apple could double down on China market, Wedbush says, as iPhone sales drop
SHANGHAI, CHINA - MARCH 21: Tim Cook, chief executive officer of Apple Inc., arrives for opening ceremony of the new Apple Jing'an store on March 21, 2024 in Shanghai, China. The new Apple store opens on March 21 in Shanghai's Jing'an district. (Photo by VCG/VCG via...
FTX estate sells majority stake in startup Anthropic for $884 million
In this photo illustration, Anthropic logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesBankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence...
Lawsuit filed by Elon Musk’s X against CCDH thrown out by judge
Tesla CEO Elon MuskOmar Marques | Getty ImagesA federal judge in California dismissed a lawsuit filed by Elon Musk's X against the nonprofit Center for Countering Digital Hate, writing in a judgement on Monday that the "case is about punishing the Defendants for their...
Britain blames China for hack that accessed data of millions of voters
The U.K. government on Monday linked a cyberattack that saw hackers access the data of millions of British voters with the Chinese state."I can confirm today that Chinese state affiliated actors were responsible for two malicious cyber campaigns targeting our...
Bitcoin jumps 6%, verges on $70,000 to start the week
Nicolas Economou | Nurphoto | Getty ImagesBitcoin spiked to start the final week of March, reclaiming the $69,000 level.The price of the flagship cryptocurrency was last higher by about 6% at $69,778.60, according to Coin Metrics. Ether jumped 5% to $3,575.01. Most...
Ericsson will cut 1,200 jobs in Sweden
Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures.Nurphoto | Nurphoto | Getty ImagesEricsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company faces slowed demand for its 5G...
Activist investor plans second fight at Masimo, sending shares up 12%
Joe Kiani, CEO, MasimoScott Mlyn | CNBCHealth-tech company Masimo, best known for its successful patent litigation over the Apple Watch, is facing a proxy fight for the second time in two years — from the same activist investor who now sits on the company's six-person...
Match adds two directors in deal with activist investor
Nurphoto | Nurphoto | Getty ImagesTinder and Hinge operator Match Group added two new directors and signed an agreement with Elliott Management, months after the activist investor was reported to have taken a stake in the company, Match announced on Monday.Instacart...
China’s Xiaomi will price SU7, its Tesla EV rival under $69,400: CEO
Xiaomi's first EV, the SU7, is on display at a Xiaomi Automotive delivery center on March 25, 2024 in Hefei, Anhui Province of China. Chinese tech company Xiaomi's first electric vehicle, the SU7, will be formally launched on March 28. Ruan Xuefeng | Visual China...
EU launches probe into Meta, Apple and Alphabet under sweeping new tech law
Executive Vice-President of the European Commission for a Europe fit for the Digital Age (Competition), Margrethe Vestager, holds a press conference on "Apple on App Store rules for music streaming providers" in Brussels, Belgium on April 30, 2021. (Photo by Dursun...
Apple to launch Vision Pro in China this year, Tim Cook says
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardo | AFP | Getty ImagesApple will launch its Vision Pro headset in China this year, CEO Tim Cook told Chinese state media.In a video posted on one of...
China’s new guidelines block Intel, AMD chips in government computers: FT
Digitally Generated ImagesWong Yu Liang | Moment | Getty ImagesChina has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD, the Financial Times reported on Sunday.The...
Inside Austin’s bitcoin underground
AUSTIN — There is a sort of clubhouse for Austin's bitcoin believers on the second floor of the Littlefield Building at the corner of Congress Avenue and Sixth Street. The hideaway is at the crossroads of two worlds — the majestic thoroughfare that leads to the Texas...
Big week for tech IPOs like Reddit boosts Morgan Stanley after lull
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®.NYSEWall Street's tech IPO bankers may finally have a reason to break out the champagne after an extended...
Anthropic lining up a new slate of investors, ruled out Saudi Arabia
Jakub Porzycki | Nurphoto | Getty ImagesDeep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that's taking on OpenAI. One country that's being left out: Saudi Arabia.As bankers...
DOJ’s Kanter has a message to shareholders
The Justice Department's top antitrust official said Friday that Apple shareholders should encourage the company to "compete on the merits," one day after the government sued the iPhone maker over allegedly anticompetitive practices."Competition on the merits is good...
Company faces years of distractions
Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee's InvestigatiGetty ImagesThe U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone's market power to cut off rivals, kicking off a...
Sam Altman’s Reddit stake worth over $600 million after NYSE debut
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015.His Reddit ownership is another matter altogether.Following Reddit's stock market debut on Thursday, Altman's stake in the social media site ballooned...
Redditors bank millions as a group on stock’s opening day
Reddit power users who participated in the company's IPO made millions of dollars as a group in profits after the stock's big jump in its first day on the market.While Redditors interviewed by CNBC ahead of the offering said they were skipping out on the IPO due to...
Sen. Warren presses SEC, again, to investigate Tesla and Elon Musk
Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company's board of directors over what she called, "possible misappropriation of Tesla resources and conflicts of interest arising...
Kevin O’Leary on why he wants to buy TikTok
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March...
UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe
Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company's newly-appointed CEO Margherita Della Valle.Paul Hanna | Bloomberg | Getty ImagesThe U.K.'s Competition and Markets Authority on Friday said Vodafone's proposed merger with...
(RDDT) starts trading on NYSE
Reddit shares jumped 38% on Thursday to open at $47 in the first initial public offering for a major social media company since Pinterest's debut in 2019.The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top...
Microsoft debuts its first Surface PCs with dedicated Copilot key
Microsoft's Surface Pro 10 for Business, at left, and the company's Surface Laptop 6 for Business.MicrosoftMicrosoft is releasing its first Surface PCs featuring a dedicated Copilot key on the keyboard for quickly accessing the chatbot, following through on a promise...
U.S. Attorney General Merrick Garland speaks on DOJ’s antitrust suit against Apple
[The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]Attorney General Merrick Garland and other U.S. Department of Justice officials will brief reporters on Thursday about their decision to file an...
DOJ sues Apple over iPhone monopoly in landmark antitrust case
Apple CEO Tim Cook listens during a program at the Asia-Pacific Economic Cooperation Leaders' Week at Apple Park in San Francisco on Nov. 17, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe Department of Justice sued Apple on Thursday, saying its iPhone...
Elon Musk buying Nvidia hardware even as Tesla aims to build AI rival
Tesla CEO, Elon Musk (L), and Nvidia CEO, Jensen Huang (R).ReutersIn November 2023, at an all-hands meeting with employees, Nvidia CEO Jensen Huang was asked whether the company would follow the lead of Apple and Disney and suspend its advertising on X due to rising...
EV charging for the U.S. freight trucking market is starting to scale
A CCS charging port on a Volvo VNR electric truck at Hight Logistics in Long Beach, California, US, on Monday, Dec. 5, 2022. Bloomberg | Bloomberg | Getty ImagesOne of the first EV charging stations of scale for freight trucks is opening near the major ports of Los...
In swing state Arizona, an $8.5 billion CHIPS grant spells ‘jobs’ more than geopolitics
US President Joe Biden gives a speech at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Biden announced $8.5 billion in federal funding from the CHIPS Act for Intel Corp. to manufacture semiconductors in Arizona. Rebecca Noble | Getty ImagesCHANDLER,...
Amazon gets boost from 72% pop in AI company Astera Labs’ IPO
In this photo illustration, Astera Labs logo is seen on a smartphone and on a pc screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAmazon CEO Andy Jassy loves to talk about how much his company is benefiting from the artificial intelligence boom. On...
Micron stock pops 14% on earnings beat driven by AI boom
The Micron Technology headquarters in Boise, Idaho, on March 28, 2021.Jeremy Erickson | Bloomberg | Getty ImagesShares of Micron popped more than 14% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and...
Neuralink shows video of patient chess player involving brain implant
Elon Musk's startup Neuralink streamed a live video on Wednesday that showed a patient using the company's brain implant to move a mouse and play chess on a computer.Noland Arbaugh, 29, is the first human patient to ever get implanted with Neuralink's device. The...
Reddit prices IPO at $34 per share, valuing company at $6.5 billion
In this photo illustration a Reddit logo is seen displayed on a smartphone.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesReddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the...
Reddit power users balk at chance to participate in IPO as debut nears
Jonathan Raa | Nurphoto | Getty ImagesSarah Gilbert spends a lot of time on Reddit. For the past three years, she's helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She's been a lurker on the...
Data center provider Equinix ‘selling an AI pipe dream’
Charles J. Meyers, president and CEO of Equinix, poses in his office in Redwood City, Calif., Dec. 18, 2018.Nhat V. Meyer | Bay Digital First Media | The Mercury News via Getty ImagesHindenburg Research on Wednesday took aim at Equinix, the $80 billion data center...
Saudi Arabia in talks with Andreessen Horowitz to create AI fund
PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel.Sergei Bobylev | TASS via Getty ImagesDUBAI, United Arab Emirates — Saudi Arabia's sovereign wealth fund is in talks with American...
Intel awarded up to $8.5 billion from CHIPS Act, with loans available
U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.Joshua Roberts | ReutersThe White House said Intel has been awarded up to...
Bitcoin (BTC) price falls as cryptocurrencies lose $400 billion value
Bitcoin slid further on Wednesday, briefly dipping below the $61,000 mark after, continuing a sell-off that began after the cryptocurrency hit an all-time high last week.At around 03:38 a.m. ET, bitcoin had bounced back to trade just over $62,900, down around 2.5%...
Apple CEO Tim Cook visits Shanghai amid a slowdown in China iPhone sales
An Apple store in Shanghai, China.Future Publishing | Future Publishing | Getty ImagesApple CEO Tim Cook is on a visit to Shanghai, according to a post on his official Weibo account on Wednesday, ahead of the inauguration of a new retail store and declining iPhone...
Samsung Electronics soars more than 5% after Nvidia report
Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty...
Ledger to launch Stax crypto wallet in May, CEO says
LONDON — Crypto wallet maker Ledger says it is set to launch its much-anticipated hardware wallet Ledger Stax, which was designed by iPod inventor Tony Fadell, in May.Ledger, which makes hardware and software wallets for crypto investors, first announced Ledger Stax...
Nvidia’s Blackwell AI chip will cost more than $30,000, CEO says
Nvidia's next-generation graphics processor for artificial intelligence, called Blackwell, will cost between $30,000 and $40,000 per unit, CEO Jensen Huang told CNBC's Jim Cramer."This will cost $30 to $40 thousand dollars," Huang said, holding up the Blackwell...
Microsoft names DeepMind co-founder Mustafa Suleyman as CEO of AI unit
Mustafa Suleyman, Co-founder Inflection.ai & DeepMind, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCMicrosoft said Tuesday it has hired former Mustafa Suleyman, a co-founder of...
MicroStrategy, largest corporate holder of bitcoin, drops as much as 18%
CostFoto | Nurphoto | Getty ImagesShares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin, as the company bought even more of the cryptocurrency.The stock was last lower by 12%. Earlier, it fell as much as 18%.The move came as MicroStrategy bought an...
Nvidia stock dips after company unveils latest AI chips
Nvidia shares dipped 3% Tuesday morning after the company unveiled its latest generation of artificial intelligence chips called Blackwell.CEO Jensen Huang announced the new chips on Monday at Nvidia's developers conference in San Jose, California, touting them as an...
Cloud software makers see sliding revenue retention as clients ease up
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell.NYSEIn 2020, as data analytics...
Bitcoin briefly slumps below $63,000 after hitting $73,000 last week
Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week.The flagship cryptocurrency was last lower by 6% at $62,918.35, according to Coin Metrics. Last week it climbed to a record $73,679.The move helped drag other...
Japan government pension fund explores bitcoin as investment
A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo on January 06, 2018. Toru Yamanaka | Afp | Getty ImagesJapan's government pension fund on Tuesday said it is requesting information on "illiquidity assets" such as bitcoin,...
Grayscale CEO says GBTC Bitcoin ETF fees will come down over time
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022.Source: NYSELONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down...
Nvidia announces GB200 Blackwell AI chip, launching later this year
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty ImagesNvidia on Monday announced a new generation of artificial intelligence...
Nvidia and Johnson & Johnson to build AI applications for surgery
The New York Stock Exchange welcomes Johnson & Johnson.NYSEJohnson & Johnson on Monday announced it is working with Nvidia to develop and scale new artificial intelligence applications for surgery. J&J's MedTech unit and Nvidia plan to integrate AI within...
UnitedHealth paid more than $2 billion to providers after cyberattack
UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S.Mike Bradley | Bloomberg | Getty ImagesUnitedHealth Group said Monday that it's paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on...
Tesla-rival BYD pushes into emerging markets amid Western uncertainty
BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China's eastern Jiangsu province on February 8, 2024.STR | AFP | Getty ImagesIn the race against Tesla for the global electric car...
YouTuber MrBeast teams up with Amazon’s MGM Studios for new series
Michael Tran | Afp | Getty ImagesJimmy Donaldson, also known as MrBeast on the internet, on Monday announced a new reality competition show in collaboration with Amazon MGM Studios, aiming to further blur the lines between YouTube and traditional television.The new...
India wants to be a global chip powerhouse in 5 years, says IT minister
Workers assembles smartphones at Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia wants to be among the world's top five semiconductor producers in the next five years, said Ashwini Vaishnaw,...
Apple in talks to license Google’s Gemini for generative AI: Bloomberg
This illustration picture taken on April 20, 2018 in Paris shows apps for Google, Amazon, Facebook, Apple (GAFA) and the reflexion of a binary code displayed on a tablet screen. (Photo by Lionel BONAVENTURE / AFP) (Photo credit should read LIONEL BONAVENTURE/AFP via...
Ambient clinical documentation steals the show
Attendees at HIMSS in Orlando, Florida 2024.Courtesy of HIMSSThe hottest new technology for doctors promises to bring back an age-old health-care practice: face-to-face conversations with patients.As more than 30,000 health and tech professionals gathered among the...
How Tesla became the top-selling car company in Norway
Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to...
Tesla settles racial discrimination lawsuit
Workers assemble cars on the line at Tesla's factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images)David Butow | Corbis News | Getty ImagesElectric vehicle maker Tesla has settled a racist discrimination lawsuit in which a federal jury...
Laid-off techies struggle to find jobs with cuts at highest since 2001
The Google office in New York on February 2, 2023.Ed Jones | Afp | Getty ImagesAllison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant...
HashiCorp shares jump on report that company is considering a sale
HashiCorp at the Nasdaq market site, December 9, 2021.Source: NasdaqHashiCorp shares jumped 12% in extended trading on Friday after Bloomberg reported the software developer was considering a sale.The company has engaged an outside firm to explore interest from...
FTC inquiry into Reddit’s AI data-licensing practices ahead of IPO
Reddit said on Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems."On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is...
Tesla to pay $42 million for employee crash that injured motorcyclist
The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023.Joan Cros | Nurphoto | Getty ImagesAn Indiana jury found that electric vehicle maker Tesla and one of its employees was partially liable in a 2017 crash between a company-owned...
Adobe stock drops on weak quarterly revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares fell 13% on Friday morning after the company reported first-quarter...
Adobe (ADBE) Q1 earnings report 2024
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 tumbled as much as 11% in extended trading Thursday after the design software maker issued strong fiscal...
Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
Key PointsAI stocks may be the hottest on the market right now, but investors should consider indirect plays as well, said Fidelity.There are stocks where "the benefits of AI may not be immediately obvious to investors," the financial services firm said. These AI...
Amazon plans spring sale for March 20 to 25 not limited to Prime
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 29, 2021.Michael Nagle | Bloomberg | Getty ImagesAmazon will host a spring sale next week with discounts on seasonal items, and this one is not...
Amazon and other retailers hit by refund fraud costing them billions
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesJust before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported...
China would block sale of short video app
Visitors are visiting TikTok's stand at the Appliance & Electronics World Expo (AWE) in Shanghai, China, on April 27, 2023. On March 14, 2024, the United States will pass a bill banning TikTok. CostFoto | Nurphoto | Getty ImagesThe U.S. could be about to force...
Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok
Steven T. Mnuchin, 77th U.S. Secretary of Treasury; Founder and Managing Partner, Liberty Strategic Capital, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023.Mike Blake | ReutersFormer Treasury Secretary Steven...
EU opens investigation in to Alibaba’s AliExpress over illegal content
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.Costfoto | Nurphoto | Getty ImagesThe European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by...
MicroStrategy up 180% this year after debt sale for more bitcoin
Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesWhenever Michael Saylor utters the word "bitcoin," MicroStrategy shares pop. He has been doing a lot of...
Deepfakes in an election year — is Asia ready to handle fake news?
2024 is set up to be the biggest global election year in history. It coincides with the rapid rise in deepfakes. In APAC alone, there was a surge in deepfakes by 1530% from 2022 to 2023, according to a Sumsub report.Fotografielink | Istock | Getty ImagesAhead of the...
Elon Musk cancels X partnership with Don Lemon after interview
Don Lemon attends The 15th Annual CNN Heroes: All-Star Tribute at American Museum of Natural History on December 12, 2021 in New York City.Mike Coppola | Getty Images Entertainment | Getty ImagesFormer CNN anchor Don Lemon announced Wednesday that X owner Elon Musk...
Short sellers pull down U.S. companies to pay for coke
Palantir CEO Alex Karp skewered short sellers — investors who bet on the decline in a company's stock price — in an interview with CNBC on Wednesday."I love burning the short sellers," Karp told CNBC's Sara Eisen on "Money Movers." "Almost nothing makes a human...
Biden administration investigating Change Healthcare cyberattack
In this photo illustration, the UnitedHealth Group logo is displayed on a tablet.Igor Golovniov | Sopa Images | Lightrocket | Getty ImagesThe U.S. Department of Health and Human Services has launched an investigation into UnitedHealth Group following the cyberattack...
Palantir CEO says outspoken pro-Israel views led employees to leave
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 May 23, 2022. Picture taken May 23, 2022. Arnd Wiegmann | ReutersPalantir CEO Alex Karp said some staffers at his...
Microsoft uses compute units to charge customers for security Copilot
Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company's Korean unit.SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft is rolling out an unorthodox pricing...
Musk visits German Tesla Gigafactory after suspected arson attack
Tesla CEO Elon Musk is pictured during a visit at the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power...
Neil Young announces return to Spotify after disinformation dispute
Neil Young attends a press conference for Farm Aid 34 at Alpine Valley Music Theatre on September 21, 2019 in East Troy, Wisconsin.Gary Miller | Getty Images Entertainment | Getty ImagesNeil Young on Wednesday said his music will return to Spotify, just over two years...
Stripe reveals it passed $1 trillion in total payment volume in 2023
Fintech giant Stripe revealed in its annual letter published on Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022.The milestone, which comes 15 years after the company was founded, offers a glimpse into the financials of one of...
European lawmakers approve world’s first major act to regulate AI
Surasak Suwanmake | Moment | Getty ImagesThe European Union Parliament on Wednesday endorsed the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.The EU brokered provisional...
Larry Ellison makes $15 billion from Oracle best day since 2021
Larry Ellison, founder and former CEO of Oracle Inc. watches a training race from a motor boat ahead of the America's Cup World Series sailing competition on the Great Sound in Hamilton, Bermuda, October 16, 2015.Mike Segar | ReutersOracle founder Larry Ellison...
Tech exec says web heading for plateau, compares it to space in 1960s
Astronaut Edwin E. Aldrin, Jr., the lunar module pilot of the first lunar landing mission, stands next to a United States flag July 20, 1969 during an Apollo 11 Extravehicular Activity (EVA) on the surface of the Moon.NASA | Newsmakers | Hulton Archive | Getty...
IBM is cutting jobs in marketing and communications
POLAND - 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. Omar Marques | Lightrocket | Getty ImagesIBM on Tuesday told employees in its marketing and communications division...
Apple will allow iPhone app downloads from websites in Europe
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018. David Paul Morris | Bloomberg | Getty ImagesIPhone users in the European Union will be able to...
Oracle stock surges 12% and heads for record close
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023.Brendan Mcdermid | ReutersOracle stock spiked more than 12% during intraday trading on Tuesday and is on pace for a record close, a day after the company...
Google restricts election-related queries for its Gemini chatbot
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020.Yves Herman | ReutersGoogle announced it will restrict the types of election-related queries that users can ask...
Airbnb bans use of all indoor security cameras to ‘prioritize privacy’
In this photo illustration an Airbnb logo is displayed on a smartphone on January 26, 2024 in Unspecified, United Kingdom.John Keeble | Getty ImagesAirbnb announced it will ban the use of indoor security cameras in any property listed on its site, and bring in new...
Oracle (ORCL) earnings report Q3 2024
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle reported quarterly earnings on Monday that exceeded Wall Street's...
TikTok creators look to diversify as threat of U.S. ban gains steam
Heidi, Marc, Charli, and Dixie D'Amelio at Shopify's D'Amelio Footwear Pop-up in New York CityShopifyCharli D'Amelio is the second-most followed creator on TikTok, where the 19-year-old former competitive dancer and her sister Dixie have made tens of millions of...
OpenAI denies Musk lawsuit claim that there was founding agreement
Elon Musk, chief executive officer of Tesla Inc., speaks at the Atreju convention in Rome, Italy, on Saturday, Dec. 16, 2023. The annual event, organized by Giorgia Meloni's Brothers of Italy party, began in 1998 as a convention for right-wing youths and has evolved...
U.S. curbs on China to rise, with ‘decoupling’ in full force, expert warns
USA and China trade relations, cooperation strategy. US America and China flags on chess king on a chessboard.Prasit Photo | Moment | Getty ImagesThe U.S. is likely to impose more curbs to check competition from China as "the decoupling is really in full force," said...
Tim Berners-Lee gives predictions for future
Tim Berners-Lee is credited with inventing the World Wide Web in 1989. But he has been dissatisfied with the way his original vision for the web has panned out.Rita Franca | Nurphoto | Getty ImagesPersonal artificial intelligence assistants that know our health status...
Amtrak backs Texas Central bullet train
The U.S., despite decades of research and studies, remains without authentic high-speed rail options.Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent...
Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’
Former President ang GOP presidential candidate Donald Trump (L) and Facebook CEO Mark Zuckerberg.ReutersPresumptive Republican presidential nominee Donald Trump on Monday raised concerns about efforts to ban Chinese-owned social media app TikTok in the U.S., saying...
Bitcoin (BTC) tops $71000 as UK FCA opens door to crypto ETNs
Chesnot | Getty Images News | Getty ImagesBitcoin prices rallied on Monday to hit a fresh record high above $71,000, after the British financial watchdog said it would allow institutions to file applications for cryptocurrency-linked exchange-traded products for the...
Reddit to raise nearly $750 million in upcoming IPO
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty ImagesReddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media...
Why Walmart’s quick success in gen AI search should worry Google
Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024. Bloomberg | Bloomberg | Getty ImagesPlanning purchases for a...
New Activision QA union is the largest in the video game industry
Microsoft CEO Satya Nadella arrives to court in San Francisco on June 28, 2023. Microsoft and Activision Blizzard CEOs are expected to testify to persuade a federal judge in California to reject the Federal Trade Commission's effort to block their $69 billion...
I learned how eating and exercise impact my blood sugar
Ashley Capoot wearing a CGM.Ashley Capoot | CNBCAs it turns out, exercise is good for you. So is sleep, and unfortunately, so are vegetables. I've heard these health adages hundreds of times before, but they truly began to hit home for me this winter as I tested out a...
Parker Harris prepared Salesforce for AI. Now he’s focused on Slack
Parker Harris, a co-founder of Salesforce, speaks during a keynote at the company's Dreamforce conference in San Francisco on Sept. 12, 2023.Marlena Sloss | Bloomberg | Getty ImagesEach year, Salesforce updates its V2MOM, a planning document laying out vision, values,...
How Sony PlayStation beat Microsoft and Nintendo in console wars
It's been three decades since the Sony PlayStation first brought to life some of the video game industry's most beloved franchises.Sony Interactive Entertainment president and CEO Jim Ryan is set to retire in March 2024. His tenure began in 1994, the same year the...
Ahead of elections, candidates debate whether to ban TikTok or use it
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users.Jaap Arriens | Nurphoto | Getty ImagesWhen Joe Biden joined TikTok on the eve of the Super Bowl last month, political scientist Maggie Macdonald was struck by what she...
Microsoft blocks terms that cause its AI to create violent images
Microsoft has started to make changes to its Copilot artificial intelligence tool after a staff AI engineer wrote to the Federal Trade Commission Wednesday regarding his concerns about Copilot's image-generation AI.Prompts such as "pro choice," "pro choce" [sic] and...
Sam Altman rejoins OpenAI board, company adds three new members
OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman's ouster.Sam Altman will also rejoin OpenAI's board.The new board members are:Dr. Sue...
Apple reverses course, approves Epic Games for app store in Europe
Tim Sweeney, chief executive officer of Epic Games Inc., speaks during an interview in Seoul, South Korea, on Tuesday, Nov. 16, 2021. SeongJoon Cho | Bloomberg | Getty ImagesApple has approved Epic Games' developer account in Sweden, which will allow the company to...
Microsoft says Russian hacking group is still trying to crack its systems
A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain.Xavi Torrent | Getty Images News | Getty ImagesMicrosoft on Friday said that Russian group Nobelium, which the company refers to as Midnight...
Microsoft accused by rivals of squeezing cloud firms’ profit margins
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 ImagesMicrosoft was accused Friday of...
Google fires employee who protested Israel tech event, shuts forum
The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesDuring a keynote speech in New York on Monday from the managing director of Google's Israel business, an employee in...
Bitcoin breaks $70,000 in volatile trading, hitting a new record
The price of bitcoin jumped to a new record on Friday, breaking through $70,000 for the first time ever.The cryptocurrency gave back its gains from the spike and was last lower by more than 1% at $66,943.70, according to Coin Metrics. At one point, however, it rose as...
Southeast Asia’s smartphone market surges to kickstart 2024
People using their mobile phones on July 17, 2016 in Surakarta, Indonesia.Solo Imaji | Barcroft Media | Getty ImagesSmartphone shipments in Southeast Asia continued a resurgence at the start of 2024, contrasting to a lull in other regions, as the promising market for...
Democrats probe Russia’s alleged use of SpaceX Starlink in Ukraine
The Starlink photo is seen on a mobile device with Ukraine on a map in the background in this illustration photo in Warsaw, Poland on 21 September, 2022.STR | Nurphoto | Getty ImagesHouse Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to...
UnitedHealth working to restore Change Healthcare systems by mid-March, company says
In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen. Sheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth Group on Thursday said it expects to restore Change Healthcare's systems by mid-March, offering a potential...
Oura to sell its smart rings on Amazon as Apple, Samsung rivalry grows
A closeup of Oura's Gen3 Horizon ring and its sensors.OuraOura will now sell its smart rings on Amazon, its latest retail expansion as the health and wellness wearable space continues to grow.Starting Thursday, Oura will have its full selection of rings and...
The AI industry is pushing a nuclear power revival — partly to fuel itself
OpenAI CEO Sam Altman addresses a speech during a meeting, at the Station F in Paris on May 26, 2023. Joel Saget | AFP | Getty ImagesTech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source...
Salesforce announces new AI tools for doctors
Salesforce headquarters in San Francisco, California, US, on Wednesday, Nov. 29, 2023.David Paul Morris | Bloomberg | Getty ImagesSalesforce on Thursday announced new data and artificial intelligence solutions for health-care workers that could help lessen their...
What the EU Digital Markets Act means for U.S. tech giants like Apple
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag pictured in the background.Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes...
Elon Musk endorsed Jeremy Sylestine for Travis County DA, lost Tuesday
Elon Musk's pick to be district attorney of Texas' Travis County lost on Tuesday, hours after the Tesla CEO sent a companywide email urging employees to follow his lead.Jeremy Sylestine, a Democratic challenger to the incumbent José Garza, was defeated early on Super...
Meta is building a giant AI model to power its ‘entire video ecosystem,’ exec says
Omar Marques | Sopa Images | Lightrocket | Getty ImagesMeta's hefty investment in artificial intelligence includes development of an AI system designed to power Facebook's entire video recommendation engine across all its platforms, a company executive said...
India’s booming tech sector takes a major blow with Byju’s, Paytm crises
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India: Anindito Mukerjee | Bloomberg | Getty ImagesAnindito Mukerjee | Bloomberg | Getty ImagesIndia's booming...
Epic Games says Apple retaliated over suits banning developer account
"Fortnite" creator Epic Games' Chief Executive Tim Sweeney leaves after a weeks-long antitrust trial at federal court in Oakland, California, U.S. May 21, 2021. REUTERS/Brittany Hosea-SmallBrittany Hosea-small | ReutersApple has rejected Epic Games' application for a...
Cryptocurrencies recover after bitcoin retreats from new record
Selim Korkutata | Anadolu Agency | Getty ImagesCryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day's sell-off, which came soon after bitcoin hit an all-time high.Bitcoin jumped 7.2% to $66801.38, according to Coin Metrics, while...
Microsoft AI engineer says Copilot Designer creates disturbing images
Copilot logo displayed on a laptop screen and Microsoft logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on October 30, 2023. Jakub Porzycki | Nurphoto | Getty ImagesOn a late night in December, Shane Jones, an artificial...
Researchers tested leading AI models for copyright infringement
A photo shows the logo of the ChatGPT application developed by OpenAI on a smartphone screen, left, and the letters "AI" on a laptop screen, in Frankfurt am Main, western Germany, on Nov. 23, 2023.Kirill Kudryavtsev | Afp | Getty Images"The Perks of Being a...
House members introduce legislation demanding ByteDance divest TikTok
Lawmakers introduced a bill in Congress on Tuesday that would require China's ByteDance to divest TikTok in order to avoid a ban of the video app in the U.S.Representatives Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., introduced the legislation, dubbed the...
CrowdStrike (CRWD) Q4 2024 earnings
George Kurtz, co-founder and CEO of CrowdStrike, during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares surged as much as 21% in after-hours trading...
Read the complaint in Elon Musk v. Sam Altman, Greg Brockman, OpenAI
Elon Musk, owner of Tesla and the X (formerly Twitter) platform, attends a symposium on fighting antisemitism titled 'Never Again : Lip Service or Deep Conversation' in Krakow, Poland on January 22nd, 2024.Beata Zawrzel | Nurphoto | Getty ImagesWhen it comes to legal...
Dexcom announces Stelo has been cleared by the FDA
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesDexcom on Tuesday announced that its new over-the-counter continuous glucose monitor called Stelo has been cleared for use by the U.S. Food and...
JPMorgan says Asia’s tech sector is a bright spot amid global uncertainty
JP Morgan headquarters at Canary Wharf financial district on 15th August 2023 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesSINGAPORE – Asia-Pacific's tech sector has been growing on the back of the semiconductor boom even as other industries...
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow
OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company.In its response, OpenAI reproduced old emails from Musk in which the Tesla and SpaceX...
Social media firms reject ‘shadow banning’ allegations on Palestinian content
Scott Olson | Getty ImagesSocial media firms have responded to allegations of "shadow banning" their users for Palestinian-related content amid the conflict in Gaza, saying that the implication that Big Tech "deliberately and systemically suppress a particular voice"...
AI is the talk of the town, but businesses are still not ready for it
Ole_cnx | Istock | Getty ImagesGenerative AI adoption rate for businesses is yet to match the hype around the technology, with data privacy, regulation, and IT infrastructure acting as major barriers to its widespread use, according to a recent survey.The global...
Microsoft seeks dismissal parts of New York Times suit against OpenAI
Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | ReutersMicrosoft is accusing The New York Times of...
Ether climbs another 3% after Monday rally, bitcoin hits record
Omar Marques | Lightrocket | Getty ImagesEther on Tuesday continued its march higher as the price of bitcoin took a breath.The second-largest cryptocurrency was last higher by 3% at $3,704.90, according to Coin Metrics. Earlier it rose to as high as $3,828.81, a...
Facebook, Threads and Instagram are down for some users
Jaap Arriens | Nurphoto | Getty ImagesMeta's social media platforms Instagram, Facebook and Threads were down for many users Tuesday morning. Facebook and Threads seem to be particularly impacted. Neither app was loading as of 10 a.m. ET, when reports of the outage...
Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
Jaap Arriens | NurPhoto | Getty ImagesBitcoin has reached a new all-time high for the first time in more than two years, as this year's rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated.The price of the cryptocurrency topped...
UK neobank Monzo hits $5 billion valuation after $430 million raise
British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S.Monzo raised the money in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet.HongShan,...
Apple iPhone sales plunge 24% in China as Huawei resurges, report says
Customers learn about the newly launched iPhone15 at an Apple store in Yantai, East China's Shandong province, Sept 28, 2023. CostFoto | Nurphoto | Getty ImagesSales of Apple's iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint...
Tesla’s Berlin plant halts production after suspected arson attack
Tesla' logo is seen on the Tesla factory building in Berlin, Germany on February 22, 2024. In the southeastern outskirts of Berlin, within the Grunheide district, local residents are expressing opposition to the expansion plans of the first automobile factory of US...
AMD reportedly hits U.S. regulatory roadblock for Chain-tailored chip
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | ReutersAmerican semiconductor company Advanced Micro Devices has failed in getting a made-for-China AI chip past U.S. regulators and will...
Former Twitter execs sue Elon Musk, X for $128 million in severance
Jonathan Raa | Nurphoto | Getty ImagesFormer Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that...
Sergey Brin says Google ‘definitely messed up’ with Gemini launch
Sergey Brin, president of Alphabet and co-founder of GoogleDavid Paul Morris | Bloomberg | Getty ImagesGoogle co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement...
Singapore’s Sea Limited posts first profitable year
MariBank, Singapore tech giant Sea Group's digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesSoutheast Asian tech giant Sea Limited on Monday...
Google-backed Anthropic debuts Claude 3, its most powerful chatbot yet
Anthropic on Monday debuted Claude 3, a suite of artificial intelligence models that it says are its fastest and most powerful yet. The new tools are called Claude 3 Opus, Sonnet and Haiku.The company said the most capable of the new models, Claude 3 Opus,...
Super Micro pops 20% after S&P 500 selection
Rafael Henrique | Lightrocket | Getty ImagesSuper Micro Computer stock popped 20% in Monday morning trading after the company was selected on Friday to join the S&P 500.Shares of the server and computer infrastructure company have been up more than twentyfold...
Rihanna, Gates and Zuckerberg at lavish bash
Anant Ambani, left, son of Chairman of Reliance Industries Limited Mukesh Ambani and his fiancee Radhika Merchant greet media persons during their engagement ceremony in Mumbai, India, Thursday, Jan. 19, 2023. Rajanish Kakade | AP Tech executives including Mark...
Apple announces new MacBook Airs with its latest M3 chip
15-inch and 13-inch MacBook Air with M3AppleApple on Monday announced new versions of its 13-inch and 15-inch MacBook Air laptops with its latest M3 chip.The M3 chip first launched in October, when Apple launched versions of the chip for its iMac desktop computer and...
Apple hit with more than $1.95 billion EU antitrust fine over music streaming
The Apple logo.Costfoto | Nurphoto | Getty ImagesThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music...
Bitcoin tops $65,000 as it nears 2021 all-time high
Jaap Arriens | NurPhoto | Getty ImagesThe price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend.The flagship cryptocurrency was last higher by 3.7% at $65,127.00, according to Coin Metrics....
Telcos are barely done rolling out 5G networks — and they’re already talking about ‘5.5G’
You probably remember mobile operators raving about the promise of 5G several years ago. Now, they're getting excited about a new upgrade: 5G Advanced.Angel Garcia | Bloomberg | Getty ImagesBARCELONA, Spain — Telecom operators haven't yet finished rolling out 5G...
Flying car firm Alef hits 2,850 preorders, worth over $850 million
BARCELONA, Spain — Alef Aeronautics, a SpaceX-backed flying car firm, says it has reached 2,850 preorders for its futuristic electrical vertical takeoff and landing (eVTOL) vehicle.Alef Aeronautics, which is based in San Mateo, California, said preorder numbers...
College AI degree programs are booming. Will jobs exist for graduates?
Ute Grabowsky | Photothek | Getty ImagesComputer science is not a new major at top schools, but with AI jobs in high-demand, there's a growing list of colleges and universities offering a four-year "AI" degree specifically.These programs generally move beyond the...
Here’s why General Catalyst is trying to buy Summa Health
Dr. Marc Harrison, who's now CEO of HATCo, speaking at the Healthy Returns conference in New York City on May 21, 2019.Astrid Stawiarz | CNBCDr. Marc Harrison is a different kind of venture capitalist.He's not looking for the next Mark Zuckerberg or Elon Musk. He's...
Dell shares have best day since return to stock market in 2018
Dell CEO Michael Dell.Getty ImagesDell had its best day since founder and CEO Michael Dell brought the company back to the stock market in 2018.Shares of the PC and server manufacturer surged 31% on Friday to $124.59, after the company posted fiscal fourth-quarter...
Reddit seeking a valuation of up to $6.5 billion in IPO
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty ImagesReddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person...
Google Gemini head removes social media profiles after product launch
Betul Abali | Anadolu | Getty ImagesJack Krawczyk, a Google artificial intelligence product lead, has pulled away from social media sites, including X and LinkedIn, after the troubled launch of the company's AI image generator made him the target of online...
Change Healthcare new electronic prescription tool amid cyberattack
In this photo illustration, UnitedHealth Group Inc logo seen displayed on a tablet.Igor Golovniov | Sopa Images | Lightrocket | Getty ImagesChange Healthcare on Friday said it's finished setting up a new electronic prescription service, which could help provide some...
Super Micro joining S&P 500 after 20-fold jump in stock in two years
David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer is joining the S&P 500 following a historic rally in the stock that has pushed the company's market cap past $50 billion.The shares, up more than 20-fold in the past two years and over 200% just...
Waymo approved to expand robotaxi service in Los Angeles, SF peninsula
Passengers ride in an electric Waymo full self-driving technology in Santa MonicaAllen J. Schaben | Los Angeles Times | Getty ImagesAlphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles...
OpenAI says Musk claims in lawsuit ‘stem from Elon’s regrets’ he’s out
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI executives disputed claims Elon Musk laid out in a lawsuit on Thursday, and said the Tesla CEO is upset that he's no longer...
Cohere says rivals are building Bugatti sports cars, ‘We make F150s’
Cohere president Martin Kon says a lot of the hot artificial intelligence startups on the market today are building the equivalent of fancy sports cars. His product, he says, is more like a heavy-duty truck."If you're looking for vehicles for your field technical...
Dell (DELL) Q4 2024 earnings
Matthew Busch | Bloomberg | Getty ImagesShares of Dell Technologies popped more than 15% during extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates and showed strong demand for its artificial intelligence...
Change Healthcare cyberattack has caused financial ‘mess’ for doctors
Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare. Change Healthcare offers tools for payment and revenue cycle...
India’s Byju’s lost more than $20 billion in valuation — what went wrong?
Signage at a Byju's Tuition Center, operated by Think & Learn Pvt., in Mumbai, India, on Friday, Feb. 2, 2024. A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company...
Elon Musk sues OpenAI and CEO Sam Altman over contract breach
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersElon Musk filed a lawsuit against OpenAI and its CEO Sam Altman, among others, accusing they breached their...
British telco giant BT expects to launch 5G standalone this year
An EE mobile phone store, operated by BT Group, in Reading, U.K. in 2020.Jason Alden | Bloomberg | Getty ImagesBARCELONA — British telecommunications giant BT says it expects to launch its first so-called "standalone 5G" network in 2024.Howard Watson, BT's chief...
Salesforce top AI ethics leader ‘optimistic’ on path to US regulation
There are several different pieces of legislation going through the U.S. Congress that focus on AI-related areas. But there is still no official regulation that focuses specifically on AI.Pol Cartie | Sopa Images | Lightrocket | Getty ImagesBARCELONA — A top executive...
Snowflake’s Slootman not worried about exodus: ‘Not a personal cult’
Snowflake Chairman Frank Slootman attends the Snowflake Summit 2022 in Las Vegas on June 14, 2022.Snowflake | Via ReutersNews of Snowflake CEO Frank Slootman's retirement sparked an 18% plunge in the company's stock price on Thursday, its steepest selloff since the...
Smart rings, robot dogs, bendable phones
Mobile World Congress 2024, the world's biggest mobile trade show, had a lot of future-looking tech on display.Arjun Kharpal | CNBCThe Mobile World Congress, the world's largest mobile show, is a place where device makers show off some of their latest innovations.And...
Leonardo CEO says stupidity poses a bigger threat than AI
Roberto Cingolani, chief executive officer of Leonardo SpA, during an interview in London, UK, on Tuesday, Jan. 23, 2024.Bloomberg | Bloomberg | Getty ImagesThe chief executive of Italian defense group Leonardo said Friday that he's more concerned about the...
Facebook is getting rid of the News tab in the U.S. and Australia
Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee...
India boosts chip ambitions, okays plants with $15 billion in investments
Researchers inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June 30, 2018.Manjunath Kiran | Afp | Getty ImagesIndia has approved building three semiconductor plants with...
Blackcat claims responsibility for cyberattack at UnitedHealth
Change Healthcare on Thursday confirmed that ransomware group Blackcat is behind the ongoing cybersecurity attack that's caused widespread disruptions to pharmacies and health systems across the U.S."Our experts are working to address the matter and we are working...
Snowflake shares drop 19% on CEO’s retirement, weak guidance
Snowflake Chairman and CEO Frank Slootman attends the Snowflake Summit 2022, in Las Vegas, Nevasa, U.S., June 14, 2022. Snowflake | Via ReutersShares of Snowflake dropped 19% in Thursday morning trading, a day after the cloud software company announced that...
Microsoft introduces Copilot AI chatbot for finance workers
Charles Lamanna, corporate vice president for business applications and platforms at Microsoft, speaks at a press event in San Francisco on Feb. 28, 2024.Jordan Novet | CNBCMicrosoft on Thursday announced that it will release a Copilot chatbot that can perform key...
Apple’s M3 Macs now part of self-service repair program
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.Loren Elliott | ReutersApple on Thursday said it is expanding its self-service repair program to include its MacBook Pro and iMac models powered...
Chinese retailers further discount iPhone 15 amid slowing sales
Customers are experiencing the newly launched iPhone 15 at Apple's flagship store in Shanghai, China, on September 24, 2023. CostFoto | Nurphoto | Getty ImagesMajor Chinese third-party retailers JD.com, TMall and Pinduoduo are battling for customers by offering more...
Bitcoin rises, trading at $62,000 to cap a winning month
Jonathan Raa | Nurphoto | Getty ImagesCrypto prices rose on Thursday as bitcoin and ether headed for a winning month.Bitcoin was last higher by more than 4% at $62,901.93 on the final day of February, according to Coin Metrics. On Wednesday it surged to $64,000 at one...
Robot startup Figure valued at $2.6 billion by Bezos, Amazon, Nvidia
Startup Figure AI is developing general-purpose humanoid robots.Figure AIFigure AI, a startup working to build humanoid robots that can perform dangerous and undesirable jobs, just got a big vote of confidence from some of the largest names in artificial...
Company to cut 5% of workforce, or about 670 employees
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo.Lucy Nicholson | ReutersElectronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games.EA...
Bitcoin bull Michael Saylor nets $700 million on 3-day crypto gain
Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesWhen MicroStrategy's Michael Saylor came on CNBC's "Closing Bell: Overtime" in December to talk about...
Salesforce (CRM) Q4 earnings report 2024
Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares initially slid as much as 6% but then went up 1% in extended...
Snowflake says Frank Slootman is retiring as CEO, stock plunges 20%
Frank Slootman, CEO of Snowflake, on the day of the company's initial public offering on Sept. 16, 2020.CNBCSnowflake said on Wednesday that billionaire CEO Frank Slootman, who joined the cloud software company in 2019 and took it public the following year, is...
Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesAlibaba's cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much...
Climate change could push chip prices higher. Here’s how
Close-up gloved hands holding detail microchipWong Yu Liang | Moment | Getty ImagesSemiconductor firms such as Taiwan Semiconductor Manufacturing Company are at risk of water shortages as processing technology advances, S&P Global Ratings said in a...
Elon Musk is promising a next-generation Roadster, six years later
Tesla RoadsterCourtesy: TeslaSix years ago, Elon Musk hyped a next-generation Roadster, the name of Tesla's debut car from 2008. A refreshed version was never produced, but Musk is once again promising a new Roadster is on the way."Tonight, we radically increased the...
Coinbase users see $0 balance after crypto-trading app suffers glitch
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024.Justin Sullivan | Getty ImagesCoinbase's app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their...
Apple annual shareholder meeting 2024, AI investments
Apple CEO Tim Cook (2nd R) greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024.Angela Weiss | AFP | Getty ImagesApple CEO Tim Cook said on Wednesday that his company is pouring money into...
Google CEO tells employees Gemini AI blunder ‘unacceptable’
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.Justin Sullivan | Getty Images News | Getty ImagesIn a memo Tuesday evening, Google CEO Sundar Pichai...
Top Amazon aggregator Thrasio files for bankruptcy
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021.Katie SchoolovThrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy...
Bitcoin jumps above $60,000 for the first time since November 2021
Bitcoin continued its surge on Wednesday, shooting above $60,000 for the first time since November 2021.The price of the flagship cryptocurrency was last higher by 6% at $60,391.10, according to Coin Metrics. Earlier, it rose as high as $60,734.42. It's sitting just...
Hims & Hers (HIMS) Q4 earnings report
The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City on Jan. 21, 2021.Carlo Allegri | ReutersHims & Hers Health, the online provider of treatments for erectile dysfunction and hair loss, had its...
Biden executive order aims to protect Americans’ sensitive data from China, Russia
U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024...
Bitcoin firm MicroStrategy pops 27% as crypto stake hits $11 billion
MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.Joe Raedle | Getty ImagesMicroStrategy's HODL strategy is continuing to reward...
Apple car project canceled: Report
Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022.Mike Segar | ReutersApple will wind down its team working on electric cars, called Special Projects...
350 employees as job cuts in tech industry mount
The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023.Gabby Jones | Bloomberg | Getty ImagesBumble on Tuesday announced plans to lay off about 350 employees as part of a restructuring plan. A company spokesperson said the cuts amount to about 30% of...
Honor to launch its first foldable flip phone to challenge Samsung
Chinese technology firm Honor will launch a foldable flip phone this year, CEO George Zhao told CNBC at Mobile World Congress 2024. It marks the company's first foray into the vertical-folding style of smartphone that has been popularized by brands like Samsung and...
Gadget makers show off bendable and expandable screens
Motorola's "adaptive display concept" was on display at Mobile World Congress in Barcelona. The smartphone can bend in various ways. Arjun Kharpal | CNBCSee-through screens, phones that wrap around your wrist and expandable displays — these are all concept tech that...
OpenAI alleges New York Times ‘hacked’ ChatGPT for lawsuit evidence
OpenAI asked a judge to dismiss parts of The New York Times' lawsuit against it, alleging that the media company "paid someone to hack OpenAI's products," such as ChatGPT, to generate 100 examples of copyright infringement for its case.In a filing Monday in Manhattan...
FTC chair Lina Khan takes victory lap on blocking Nvidia-Arm merger
Federal Trade Commission Lina Khan speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesFederal Trade Commission Chair Lina Kahn cited the surging stock prices of Nvidia and Arm as an example...
Fraudster impersonated Mansour family to peddle fake Airbnb equity
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020.Kena Betancur | AFP | Getty ImagesWhen prosecutors announced the plea deal late last week of Shamoon Rafiq, who ran a $10 million scheme that duped investors...
UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack
UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S.Mike Bradley | Bloomberg | Getty ImagesChange Healthcare's systems are down for a fourth straight day after parent company UnitedHealth Group disclosed that a suspected cybersecurity threat...
UnitedHealth’s Change Healthcare cyberattack outages continue, pharmacies deploy workarounds
Change Healthcare's systems are down for the seventh day after a cyber threat actor gained access to its network last week. Parent company UnitedHealth Group said most U.S. pharmacies have set up electronic workarounds to mitigate the impact.UnitedHealth discovered...
Google says Microsoft offered to sell Bing to Apple in 2018
Apple CEO Tim Cook, left, and Eddy Cue, Apple's senior vice president of services attend the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 10, 2019.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft offered to sell its Bing search...
What is an AI smartphone? Samsung, major players talk up tech
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year....
Aro claims its new homes will generate more energy than they use
The homebuilding industry is in a race to make its homes environmentally cleaner and more energy efficient. Real estate as a whole is a massive carbon offender. Both the construction and operation of buildings account for 40% of global carbon emissions.Solar panels...
Sony to lay off 900 workers from PlayStation division, or 8% of unit’s global workforce
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023.Thiago Prudencio | Lightrocket | Getty ImagesSony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global...
Honor developing own smart ring after Samsung debuts Galaxy Ring
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...
Glean is worth $2.2 billion as Citigroup, Databricks, Workday invest
Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif.GleanArtificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. The Silicon Valley...
HMD launches hot pink flip phone
HMD, or Human Mobile Devices for short, is launching a Barbie-branded flip phone in July.HMDBARCELONA â Not yet tired of the Barbie movie?Soon, you'll be able to get a flip phone from the blockbuster toy franchise.The company behind Nokia-branded smartphones, HMD,...
Specs, price, availability and Ultra version
The Xiaomi 14 Ultra.XiaomiBARCELONA â Xiaomi launched its flagship smartphone globally on Sunday as it looks to keep up its recovery momentum, while also debuting its electric vehicle for the first time in Europe.The Chinese electronics giant launched the Xiaomi 14...
Honor shows off tech in Magic 6 Pro to control a car with your eyes
Honor demonstrated how its smartphone eye-tracking technology could be used to control a car.HonorBARCELONA â Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes.The company's Magic 6 Pro device launched...
AT&T CEO says some customers will receive credits for outage
A pedestrian walks in front of an AT&T location in New York.Scott Mlyn | CNBCThe CEO of AT&T on Sunday apologized for the widespread cellular outage that knocked out service for thousands of customers, saying some accounts will receive credits to compensate...
Bitcoin rips through $54,000 for the first time since December 2021
Bitcoin.Nurphoto | Getty ImagesThe price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading.The flagship cryptocurrency was last higher by 5% at $54,460.00, according to Coin Metrics. At its session high, bitcoin hit...
Zoom (ZM) Q4 earnings report 2024
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York on April 18, 2019.Victor J. Blue | Bloomberg | Getty ImagesZoom shares rose as much as 13% in...
Motorola shows off concept smartphone that can wrap around your wrist
Motorola's "adapative display concept" smartphone can wrap around a user's wrist. The phone can generative a background to match what a user is wearing. Arjun Kharpal | CNBCBARCELONA, Spain â Motorola thinks we may be wearing our phones on our wrist in future.The...
Unity (U) Q4 2023 earnings report
Pavlo Gonchar | Lightrocket | Getty ImagesUnity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter.Here's how the company did:Earnings per share: Loss of 66 cents....
Samsung unveils new memory chip with ‘highest-capacity to date’ for AI
Samsung logo displayed on a glass door at the company's Seocho building in Seoul on July 7, 2022. Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents...
Smartphone makers Samsung, Google dream of an AI-driven supercycle  Â
Samsung Electronics' flagship smartphones Galaxy S24 series are displayed during their unveiling ceremony in Seoul, South Korea, January 15, 2024. Kim Hong-ji | ReutersBARCELONA â Smartphone makers are talking a big game about artificial intelligence this...
EToro wants trading app on Apple Vision Pro, Meta Quest VR headsets
An Apple Vision Pro mixed reality (XR) headset is seen at Apple store in New York, United States on Feb. 3, 2024.Fatih Aktas | Anadolu | Getty ImagesOnline brokerage firm eToro is exploring ways to bring its retail trading app to augmented and virtual reality headsets...
House China chair demands Elon Musk provide SpaceX internet for U.S. troops in Taiwan
Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), in Rome, Dec. 15, 2023.Antonio Masiello | Getty ImagesThe House Select Committee on the Chinese Communist Party sent a letter on Saturday to...
China’s Lenovo shows off a laptop with a see-through screen
Lenovo's concept laptop has a see-through screen.Arjun Kharpal | CNBCChinese tech giant Lenovo showed off a prototype laptop on Monday that has a see-through screen, underscoring how the world's largest PC maker is trying to innovate after a brutal couple of years for...
Google expects more advanced AI models to arrive on phones in 2025
Betul Abali | Anadolu | Getty ImagesGoogle is bullish on the prospect of its more advanced artificial intelligence models coming to smartphones in the next year.  The internet giant expects that its currently available Gemini large language model (LLM), which...
Apple’s Vision Pro: Why it’s so expensive
A customer tries on the Apple Vision Pro headset during the product launch at an Apple Store in New York City on Feb. 2, 2024.Angela Weiss | Afp | Getty ImagesThe Vision Pro, the new virtual reality headset from Apple, can transport you to Hawaii or the surface of the...
Googleâs Gemini AI picture generator to relaunch in a ‘few weeks’
After pulling its artificial intelligence image generation tool on Thursday due to a string of controversies, Google plans to relaunch the product soon, according to Google DeepMind CEO Demis Hassabis.Google introduced the image generator earlier this month through...
Augmented reality glasses with AI voice assistant
The Oppo Air Glass 3 is a prototype set of augmented reality (AR) glasses with a voice assistant.OppoBARCELONA â Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to...
Microsoft invests in Europe’s Mistral AI to expand beyond OpenAI
Microsoft on Monday announced a new partnership with French start-up Mistral AI â Europe's answer to ChatGPT maker OpenAI â as the U.S. tech giant seeks to expand its footprint in the fast-evolving artificial intelligence industry.Microsoft said in a statement...
TSMC opens new plant in Japan as it diversifies away from Taiwan
A general view shows the new semiconductor plant by Japan Advanced Semiconductor Manufacturing Company (JASM), a subsidiary of Taiwan's chip giant TSMC.Philip Fong | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company opened its first chip plant in Japan on...
Highmark Health integrating tech from Google Cloud and Epic Systems
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019.Michael Short | Bloomberg | Getty ImagesHighmark Health announced Monday that it's integrating technology from Google Cloud and the health-care software company Epic...
Samsung Galaxy Ring: specs, features, release date
The Samsung Galaxy Ring has various sensors to track things like heart rate.SamsungBARCELONA, Spain â Samsung's Galaxy Ring, its latest wearable, is launching with health-tracking features including heart rate and sleep monitoring while also giving users a score of...
eToro CEO considers IPO after scrapped SPAC deal
The eToro logo is seen during the 2021 Web Summit in Lisbon, Portugal.Pedro Fiúza | Nurphoto | Getty ImagesStock brokerage platform eToro is getting interest from bankers and investors about a public market listing after its scrapped plans to go public via merger...
Nvidia briefly surpasses $2 trillion in market cap during intraday trading
Jensen Huang speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.Slaven Vlasic | Getty ImagesNvidia briefly surpassed $2 trillion in market cap during intraday trading Friday as its stock...
San Jose bakery loses thousands of dollars after Tesla reportedly cancels large order
Voahangy Rasetarinera speaks on San Jose bakery loss of thousands of dollars after Tesla cancels large order.Kris Sanchez | NBC Bay AreaA catering contract to celebrate Black Heritage Month turned into a tough lesson for a Black-owned bakery in the South Bay earlier...
Block (SQ) earnings Q4 2023
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock stock rose as much as 14% in extended trading...
