Technology
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...
OpenAI CEO Sam Altman stands to net millions as Reddit goes public
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesOpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online...
Reddit files to list IPO on NYSE under the ticker RDDT
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT."Its market debut, expected in March, will be...
Grab posts first profitable quarter, announces share buyback
A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021.Ore Huiying | Bloomberg | Getty ImagesSINGAPORE â Grab posted its first-ever profitable quarter, raking in...
AI can help defend against cybersecurity threats: Google CEO Sundar Pichai
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is being held in San Francisco and runs through November 17.Justin Sullivan | Getty Images...
AT&T cellular outage in United States disrupts vital services
A worker climbs on a cellular communication tower in Oakland, California.Justin Sullivan | Getty ImagesA cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major...
Google pauses Gemini AI image generator after ‘inaccuracies’
Betul Abali | Anadolu | Getty ImagesGoogle on Thursday announced it is pausing its Gemini artificial intelligence image generation feature after saying it offers "inaccuracies" in historical pictures.Users on social media had been complaining that the AI tool...
Palo Alto Networks stock turns in worst day since 2012 IPO
Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024.Adam Galici | CNBCPalo Alto Networks shares dropped 28% on Wednesday, the worst trading session since the cybersecurity hardware...
Nvidia’s Data Center business is booming, up over 400% since last year
The Nvidia logo is displayed on a smartphone.Jonathan Raa | Nurphoto | Getty ImagesNvidia's Data Center business just logged $18.4 billion in fourth-quarter sales, underscoring how the computer chip giant continues to benefit from the current boom in artificial...
Nvidia shares pop 12% in premarket trade after AI-fueled bumper earnings
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023.Walid Berrazeg | Lightrocket | Getty ImagesNvidia shares jumped more than 12% in premarket trade on Thursday...
AI and semiconductor stocks surge after Nvidia’s earnings beat
A microchip and the Nvidia logo displayed on a phone screen are seen in this photo taken in Krakow, Poland, on April 10, 2023.Nurphoto | Getty ImagesArtificial intelligence and semiconductor chip stocks rallied after U.S. chip design firm Nvidia beat Wall Street's...
Delivery Hero terminates Foodpanda sale talks in Southeast Asia
Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company's operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bloomberg | Bloomberg | Getty ImagesGerman food delivery giant Delivery...
Google to start making Pixel phones in India by next quarter: Nikkei
Google unveils new Pixel 4 smartphone.Drew Angerer | Getty Images News | Getty ImagesGoogle plans to starts producing its Pixel smartphones in India by the next quarter, according to a Nikkei Asia report on Thursday.The U.S. tech giant has been striving to diversify...
Tesla faces hurdle in Germany as locals vote against factory expansion
Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023.Patrick Pleuil | Picture Alliance | Getty ImagesElectric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a...
Crown Castle co-founder launches proxy fight, challenges Elliott agreement
Igor Golovniov | Lightrocket | Getty ImagesA co-founder of telecommunications company Crown Castle has nominated a rival slate of directors to the firm's board, muddying the waters months after activist investor Elliott Management and Crown Castle signed a cooperation...
Amazon to replace Walgreens in Dow Industrial Average next week
Amazon CEO Andy Jassy speaks with CNBC's Jon Fortt.CNBCAmazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average, according to a Tuesday announcement from S&P Dow Jones Indices, which manages the price-weighted measurement of 30 stocks....
Nvidia (NVDA) earnings report Q4 2024
NVIDIAâs CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.Edgar Su | ReutersNvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will give Wall Street a sense of...
Singapore’s first major video game title launches to mixed reviews
Justin Farren, Creative Director at Ubisoft Singapore, reveals "Skull & Bones" during the Ubisoft E3 conference at the Orpheum Theater on June 11, 2018 in Los Angeles, California. Christian Petersen | Getty Images News | Getty ImagesUbisoft Singapore officially...
Uber Eats to begin self-driving robot deliveries in Japan
Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan.The sidewalk robot deliveries are set to start by the end of March in a select...
Jeff Bezos unloads around $2.4 billion in Amazon stock
Jeff Bezos attends at "The Lord Of The Rings: The Rings Of Power" World Premiere in August, 2022.Dave J Hogan | Getty Images Entertainment | Getty ImagesAmazon founder and executive chairman Jeff Bezos unloaded more than 14 million shares of his company valued at...
Shares of TSMC, ASML fall ahead of Nvidia’s Q4 earnings report
A laptop keyboard, a binary code reflected and Nvidia logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 2, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of two critical chip firms TSMC and ASML fell ahead of...
EV boat maker Arc debuts a premium wake sport model for $258,000
Arc Boat Company's fully electric Arc Sport model gets four to six hours of typical use on a single charge.Arc Boat CompanyArc Boat Company began sales of its second electric boat model in just three years this week. The new $258,000 Arc Sport was designed for wake...
Apple Sports app announced to check scores quickly
New York Yankees center fielder Aaron Judge, #99, hits his 62nd home run to beat the Roger Maris home run record during the game between the Texas Rangers and the New York Yankees at Globe Life Field in Arlington, Texas, on Oct. 4, 2022.Icon Sportswire | Icon...
Doctors feel burned out but encouraged by potential of AI, survey says
Suriyapong Thongsawang | Moment | Getty ImagesDoctors in the U.S. are struggling to contend with burnout, staffing shortages and overwhelming administrative workloads, but many are optimistic that artificial intelligence could help to ease these problems, a new survey...
Palo Alto Networks (PANW) earnings Q2 2024
Nikesh Arora, Palo Alto NetworksAdam Galica | CNBCShares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and...
Adobe launches AI assistant that can search and summarize PDFs
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco on April 23, 2012.David Paul Morris | Bloomberg | Getty ImagesAdobe on Tuesday launched an artificial intelligence assistant in...
Nvidia faces stiff test in Q4 earnings after ‘parabolic’ stock rally
When Nvidia reports fiscal fourth-quarter earnings after the market close Wednesday, it will do so as the world's third most valuable public company. Investors are giving the company little margin for error.Nvidia's stock price has soared fivefold since the end of...
Elon Musk says Neuralink patient can control a mouse through thinking
Jonathan Raa | Nurphoto | Getty ImagesA patient implanted with Neuralink's brain technology can now control a computer mouse just by thinking, the company's founder Elon Musk said."(The) patient seems to have made a full recovery with no ill effects that we are aware...
Zee shares jump 10% after report Sony merger is being revived
The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market.Bloomberg | Bloomberg | Getty ImagesShares of India's Zee Entertainment jumped more than 10% on Tuesday after a report that its $10...
PS5 Pro? Sony to release refreshed PlayStation 5 in 2024, analysts say
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023.Thiago Prudencio | Lightrocket | Getty ImagesSony is likely to release a refreshed version of the PlayStation 5 this year, analysts told CNBC, after the company cut its...
Alibaba bets on overseas businesses amid sluggish growth in China
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish.One bright...
Xpeng plans to hire 4,000 people, invest in AI
The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023.VCG | Visual China Group | Getty ImagesXpeng plans to hire 4,000 new people and invest in...
Nintendo Switch 2 reportedly delayed until 2025; shares fall
A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesShares of Nintendo fell on Monday after a report suggested the launch of the Switch 2, the next version of its...
Sony gaming margin questioned after PS5 sales cut sparks stock plunge
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesAround $10 billion of value was wiped off Sony's stock last week, after the Japanese tech giant cut its sales forecast for its flagship PlayStation 5 console for the...
EU set to fine Apple 500 million euros in antitrust crackdown: Report
A. Perez Meca | Europa Press | Getty ImagesThe European Commission is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday, citing unnamed sources with knowledge of the...
Singapore’s AI ambitions get a boost with $740 million investment plan
The Singapore River and Merlion Park in the eveningPhotography By Bobi | Moment Open | Getty ImagesSINGAPORE â Singapore's plan to invest more than $743 million into artificial intelligence over the next five years could strengthen its position as a global business...
What the U.S. can learn from Norway when it comes to EV adoption
Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley...
Tech and AI companies sign accord to combat election-related deepfakes
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024.Denis Balibouse | ReutersA group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024...
Microsoft will bring four Xbox games to other companies’ consoles
Phil Spencer, CEO of gaming at Microsoft, speaks during the company's Xbox event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 10, 2018.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft said on Thursday that it will release four of its video...
Trade Desk shares soar on revenue beat and strong guidance
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCShares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were expecting:Earnings per share:Â 41 cents,...
Coinbase (COIN) share surge 13% after earnings
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 13% Friday in U.S. premarket trading after the company reported its...
Jeff Bezos sells over $2 billion in Amazon stock third time this month
Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world's richest men.Cooper...
Toast will reduce workforce by 10% as growth slows
A screen displays the company logo for Toast Inc. during the companyâs IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | ReutersToast, maker of restaurant management software, said on Thursday it will let go of...
OpenAI’s new tool lets you create realistic video by typing a sentence
A Samoyed and a Golden Retriever dog are playfully romping through a futuristic neon city at night.OpenAIOpenAI, which burst into the mainstream last year thanks to the popularity of ChatGPT, is bringing its artificial intelligence technology to video.The company on...
Crypto VC funding climbs for first time in 2 years after bitcoin rally
Jonathan Raa | Nurphoto | Getty ImagesCrypto had a big bounceback year in 2023. Now, venture investors are returning.Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said...
Nvidia holdings disclosure pumps up shares of small AI companies
Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.Walid Berrazeg | Sopa Images | Lightrocket | Getty ImagesInvestors have become so enamored with Nvidia's artificial intelligence story that...
2U earnings miss adds pressure to debt-rankled online education firm
Chip Paucek, co-founder and former CEO of 2U, appears at the company's headquarters in Lanham, Maryland on Nov. 17, 2021. The company's chief financial officer, Paul Lalljie, replaced Paucek as CEO in November 2023.Marvin Joseph | The Washington Post | Getty...
Meta says Broadcom CEO Hock Tan is joining board of directors
Hock Tan, CEO of BroadcomLucas Jackson | ReutersMeta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company's board of directors.Tan has been leading the semiconductor giant since 2006,...
Nvidia passes Alphabet market cap, now third most valuable U.S. firm
NVIDIAâs CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.Edgar Su | ReutersNvidia surpassed Google parent Alphabet in market capitalization on Wednesday. It's the latest example of how the artificial intelligence boom has sent the...
Richard Branson, Oppenheimer grandson urge action on AI, climate
Richard Branson believes the environmental costs of space travel will "come down even further."Patrick T. Fallon | AFP | Getty ImagesDozens of high-profile figures in business and politics are calling on world leaders to address the existential risks of artificial...
Twilio begins Segment operational review after activist attention
Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., rings the opening bell to celebrate his company's IPO at the New York Stock Exchange in New York City, June 23, 2016.Brendan McDermid | ReutersTwilio announced alongside its...
SpaceX files to move incorporation site from Delaware to Texas
A SpaceX Falcon 9 rocket lifts off on the USSF-124 mission for the U.S. Space Force and Missile Defense Agency in Cape Canaveral, Florida, U.S., February 14, 2024. Joe Skipper | ReutersSpaceX has filed to change its incorporation location to Texas from Delaware,...
TikTok, Facebook, YouTube sued by New York over youth health issues
New York City Mayor Eric Adams said Wednesday that his administration has filed a lawsuit against the parent companies of TikTok, Instagram, Facebook, Snapchat and YouTube, alleging that their services are damaging to the mental health of young adults and children in...
Cisco says it’s cutting 5% of workforce, amounting to over 4,000 jobs
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares of Cisco were down...
TSMC shares hit record high after Morgan Stanley upgrades Nvidia
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 ImagesShares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after...
Lyft CEO takes blame for ‘extra zero’ in Q4 earnings release
Lyft CEO David Risher took responsibility for the major error that appeared in the company's fourth-quarter earnings release late Tuesday, telling CNBC's "Squawk Box" that it's "super frustrating" for everyone on the team.Shares of the ride-sharing company soared more...
Nvidia market cap passes Amazon on strength of AI boom
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 surpassed Amazon in market capitalization on Tuesday. It's a sign of strong demand...
Company to cut 250 employees, about 7% of company
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022.Dado Ruvic | ReutersInstacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of a restructuring. The news came as the...
Jeff Bezos sells more than $2 billion in Amazon stock
Jeff Bezos.Emma McIntyre | Getty Images Entertainment | Getty ImagesAmazon founder and executive chairman Jeff Bezos sold roughly $2.08 billion of shares in the company over the past few days, according to a financial filing.The sales began Friday, the filing shows,...
Airbnb (ABNB) Q4 earnings 2023
Brian Chesky, co-founder and CEO of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta on Dec. 12, 2023.Dustin Chambers | Bloomberg | Getty ImagesAirbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic...
Uber stock pops more than 10% on $7 billion share buyback
Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company's initial public offering on the floor of the New York Stock Exchange, May 10, 2019.Michael Nagle | Bloomberg | Getty ImagesUber's stock spiked more than 10%...
Mark Zuckerberg comments on Apple’s Vision Pro
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark...
Uber unveils $7 billion share buyback after first profitable year
A banner announcing the IPO of Uber Technologies hangs outside the New York Stock Exchange, May 10, 2019.Andrew Kelly | ReutersUber Technologies said on Wednesday it will buy back up to $7 billion worth of company shares after a strong recovery in ride-share and...
Generative AI is shaking up online dating, with flirty chatbots
Vertigo3d | E+ | Getty ImagesNot so long ago, drafting a text message to your crush may have involved witty cues from a glossy magazine and the input of everyone in your group chat.As of Valentine's Day 2024, the world of online romance looks very different. An...
Delivery Hero happy to keep Asia unit Foodpanda ‘forever,’ CEO says
Delivery Hero CEO Niklas Ãstberg speaking at the Noah tech conference in Berlin on June 13, 2019.Krisztian Bocsi | Bloomberg via Getty ImagesDelivery Hero CEO Niklas Ostberg said that he's happy holding onto the Foodpanda brand, after reports that talks of...
Waymo issues a voluntary recall on its self-driving vehicle software
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersWaymo has filed a voluntary recall notice with federal vehicle safety regulators for software that was previously used in their...
Lyft 2023 Q4 earnings report
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020.Mario Tama | Getty ImagesLyft shares initially soared in extended trading on Tuesday but pulled way back after the company's finance chief acknowledged on...
Indonesia’s GoTo denies merger talks with ride-hailing rival Grab
A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.'s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia's GoTo Group that it will control, part of a pact that lets the Chinese company restart its...
Bitcoin (BTC) regains $1 trillion market cap after price rise
The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data.The cryptocurrency also broke through the $51,000 level during the day, marking the first...
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Jensen Huang, chief executive officer of Nvidia Corp.David Paul Morris | Bloomberg | Getty ImagesNvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most...
Arm stock up 29%, extending rally to second week
Masayoshi Son, chairman and CEO of SoftBank Group Corp.Kiyoshi Ota | Bloomberg | Getty ImagesArm shares soared 29% on Monday, extending last week's rally as investors continue to applaud the chipmaker's better-than-expected third-quarter earnings and its position in...
Crypto market: today
An image of Bitcoin and US currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017.Roslan Rahman | AFP | Getty ImagesCryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI...
Bitcoin extends its gains, breaking through the $50,000 level
Jaap Arriens | NurPhoto | Getty ImagesBitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years.The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to...
Wish’s sale to Singapore’s Qoo10 ramps up competition for Temu, Shein
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store.Bloomberg | Bloomberg | Getty ImagesHours after Super Bowl viewers were inundated with ads from discount retailer Temu, an online dollar store that used to have similar buzz was...
London lags behind rest of Europe on 5G network quality, report finds
Testing out internet speeds on an Oppo Reno 5G smartphone with EE's network.Ryan Browne | CNBCLondon falls far behind other major European cities when it comes to the quality of its 5G connection, according to a report shared with CNBC.The findings from fixed and...
Shopify (SHOP) earnings Q4 2023
An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Chris Wattie | ReutersShopify shares slid about 9% on Tuesday morning after the Canadian e-commerce company reported better-than-expected earnings for the fourth quarter but gave mixed guidance...
The way AI will be sold to a skeptical public is becoming clear
Many AI companies struggle with customers understanding how the product won't take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There's no greater opportunity to reach 123 million live viewers at...
Tesla board silent since court revoked Elon Musk’s $56 billion pay package
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 ImagesTwo weeks after a Delaware court ruled that Tesla must rescind Elon Musk's $56 billion...
Apple iMessage, Microsoft Bing won’t count as gatekeepers under EU DMA
Apple's iMessage app and Microsoft's Bing and Edge browsers won't tough restrictions from the European Union.Jaap Arriens | Nurphoto | Getty ImagesApple's iMessage messaging service and Microsoft's Bing and Edge search browsers should not be designated as...
Microsoft AI growth helping Azure cloud chip away at Amazon’s lead
Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Chris Ratcliffe | Bloomberg | Getty ImagesAmazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap.While Microsoft doesn't disclose...
China making more advanced chips — but Beijing still faces challenges
A Chinese flag next to a printed circuit board with semiconductor chips.Florence Lo | ReutersChina's biggest chipmaker SMIC seems to have been manufacturing advanced chips in the last few months — defying U.S. sanctions designed to slow down Beijing's progress.But...
Biden campaign debuts official TikTok account; app is still banned on most government devices
U.S. President Joe Biden arrives at John F. Kennedy International Airport, in New York City, U.S., February 7, 2024. Evelyn Hockstein | ReutersPresident Joe Biden's reelection campaign launched an official TikTok account Sunday evening. The account is noteworthy...
Elon Musk must testify in SEC probe of his Twitter takeover
An effigy of Elon Musk is seen on a mobile device with the X and Twitter logos in the background in this photo illustration on 23 July, 2023 in Warsaw, Poland. Jonathan Raa | Nurphoto | Getty ImagesTesla and SpaceX CEO Elon Musk has to testify in a probe by the U.S....
Revolut launches travel eSIM phone plans in the UK
Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm.RevolutBritish financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services...
Investors in Airbnb arbitrage business allege they were defrauded
Illustration by Elham AtaeiazarDaryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in...
As Sam Bankman-Fried awaits jail, FTX customers await full repayment
Government exhibit in the case against former FTX CEO Sam Bankman-Fried.Source: SDNYAs Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have...
Bitcoin tops $48,000 in a big comeback to end the week
Bitcoin marched higher to end the week, with its price breaching the $48,000 level at one point for the first time since spot bitcoin exchange-traded funds began trading.The flagship cryptocurrency was last higher by 4.6% at $47,587.37, according to Coin Metrics....
How Walmart, Delta & Starbucks are using AI to check employee messages
Klaus Vedfelt | Digitalvision | Getty ImagesCue the George Orwell reference.Depending on where you work, there's a significant chance that artificial intelligence is analyzing your messages on Slack, Microsoft Teams, Zoom and other popular apps.Huge U.S. employers...
Amazon’s Prime Video lands exclusive NFL playoff game next season
Amazon Prime Video logo displayed on a phone screen and Amazon Prime Video website displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on July 26, 2022.Nurphoto | Getty ImagesAmazon's Prime Video has won the exclusive...
NY attorney general expands crypto lawsuit, sees $3 billion fraud
New York Attorney General Letitia James looks on as former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 24, 2023.Mike Segar | ReutersNew York...
Nvidia chases $30 billion custom chip market with new unit: Reuters
The Nvidia logo displayed on a phone screen and microchip and are seen in this photo taken in Krakow, Poland, on July 19, 2023.Nurphoto | Nurphoto | Getty ImagesNvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and...
Bitcoin breaks above $47,000 for the first time since March 2022
Bitcoin marched higher to end the week, with its price breaching the $47,000 level for the first time in almost two years. On Friday the flagship cryptocurrency rose more than 3% to $47,222.63, according to Coin Metrics, a level not seen since March 2022. Ether...
OpenAI CEO Sam Altman reportedly seeking trillions of dollars for AI chip project
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI CEO Sam Altman is seeking trillions of dollars in investments to overhaul the global semiconductor industry, The Wall...
China’s Temu to run second ad, $10 million giveaway
Sopa Images | Lightrocket | Getty ImagesTemu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, as it looks to continue growing rapidly in the United States.It's rare for a Chinese firm to buy a...
Arm’s post-earnings pop leaves stock trading at premium to Nvidia, AMD
The logo of semiconductor design firm Arm on a chip.Jakub Porzycki | Nurphoto | Getty ImagesExactly two years ago, Nvidia's attempt to purchase chip designer Arm from SoftBank came to an end due to "significant regulatory challenges."Masayoshi Son, SoftBank's...
Cloudflare (NET) Q4 earnings report 2023
Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess...
Pinterest (PINS) Q4 2023 earnings report
A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Chris Helgren | ReutersPinterest shares dropped in extended trading on Thursday after the company issued a weaker-than-expected...
SoftBank shares extend their surge, pop more than 15% on earnings beat
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...
23andMe considers splitting up company to revive stock price
23andMe Co-Founder and CEO Anne Wojcicki speaks onstage during TechCrunch Disrupt SF 2017 at Pier 48 on September 19, 2017 in San Francisco, California.Steve JenningsShares of the genetic testing company 23andMe sank 21% Thursday, a day after the company reported...
Bitcoin rises above $45,000, its highest level in almost a month
The price of bitcoin rose above $45,000 for the first time since Jan. 11, when trading of U.S. spot bitcoin ETFs began.Bitcoin was last higher by nearly 3% at $45,391.18, according to Coin Metrics, pulling crypto-related stocks higher, although ether hovered at the...
Roblox (RBLX) Q4 2023 earnings
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up...
Arm shares soar after reporting strong earnings and forecast
Arm CEO Rene Haas and executives cheer as Softbank's Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023.Brendan Mcdermid | ReutersShares of chip designer Arm climbed almost 30% in extended trading Thursday...
Google Gemini AI launches in new app, subscription
Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Bard, a chief competitor to OpenAI's ChatGPT, is now called Gemini, the same name as the suite of AI models that...
Stripe rival soars 22% on profit beat, hiring slowdown
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company's market capitalization .Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesShares of European online payments giant Adyen jumped on Thursday, after the...
Arm earnings report Q3 2024
Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023.Sydney BoyoArm reported fiscal third-quarter earnings Wednesday that beat estimates and gave a strong profit forecast for...
PayPal (PYPL) Q4 earnings
A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The shares...
SoftBank nets $16 billion on Arm earnings, exceeding losses in WeWork
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank, which owns Arm, speaks during a news conference in Tokyo, July 28, 2016.Tomohiro Ohsumi | Bloomberg | Getty ImagesMasayoshi Son's SoftBank made more in Arm's after-hours trading on Wednesday...
Agritech Green Plains announces strategic review, Ancora standstill
Ethanol plant, Milton, Wisconsin.Getty ImagesEthanol producer and agri-tech company Green Plains said on Wednesday it would initiate a strategic review, a year after activist investor Ancora sent a letter to its board encouraging it to do just that.Shares jumped more...
Snap stock drops 30% after revenue miss and weak guidance
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap shares tanked 30% in Wednesday morning trading, a day after...
Roblox (RBLX) Q3 2023 earnings
David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022.David Paul Morris | Bloomberg | Getty ImagesRoblox reported results for the...
Uber earnings Q4 2023
Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesUber reported fourth-quarter results Wednesday that beat analysts' estimates on top and bottom lines.Here's...
Amazon cuts hundreds of jobs in Pharmacy, One Medical units: Read memo
Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC."As we continue to make it easier for people to get and stay healthy, we have identified areas where we can reposition resources so we can invest in...
Sonos (SONO) earnings report Q1 2024
Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019.David Paul Morris | Bloomberg | Getty ImagesSonos shares rose over 12% in extended trading Tuesday after the speaker company...
Snap Q4 2023 earnings report
Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.Benoit Tessier | ReutersSnap on Tuesday reported revenue that trailed...
Meta is trouncing Snap in Digital ads — here’s why
In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles.Snap Partner Summit 2021 - Snap Inc | Getty ImagesThe online ad market is bouncing back. But the spoils are not being evenly...
Google says Singapore has ‘very high’ potential to be a global AI hub
American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.Alex Tai | SOPA Images | LightRocket | Getty ImagesSINGAPORE — Singapore has "very high" potential as a global AI...
Luxury Uber rival Wheely launches in Dubai to take on Careem
Luxury ride-hailer Wheely's big bet on Dubai is that the region's burgeoning demand from wealthy individuals and digital nomads will make the city a prime fit for the company.WheelyWheely, a luxury-focused competitor to ride-hailing giant Uber, is launching in Dubai...
CleanSpark jumps on plans to buy four bitcoin mining facilities ahead of the halving
An array of bitcoin mining units inside a container at a Cleanspark facility in College Park, Georgia, U.S., on Friday, April 22, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesBitcoin miner CleanSpark climbed on Tuesday after the company said it will acquire new...
Palantir stock rockets 25% after revenue beat, strong demand for AI
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020.Arnd Wiegmann | ReutersShares of Palantir popped more than 25% Tuesday, a day after the company released fourth-quarter earnings that surpassed analysts' expectations...
company to cut 6% of workforce, or about 440 jobs
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesDocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan that aims to improve the company's "financial and...
Adam Neumann is trying to buy bankrupt WeWork: Dealbook
Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday.Neumann, his startup Flow and Dan Loeb's Third Point fund have "consistently expressed" a "sincere...
Meta to identify more AI-generated images ahead of upcoming elections
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesMeta is expanding its effort to identify images doctored by artificial intelligence as it seeks to weed out misinformation...
TSMC to open second Japan chip factory with backing from Sony, Toyota
Jakub Porzycki | Nurphoto | Getty ImagesTSMC on Tuesday said it will open a second manufacturing plant in Japan with backing from technology giant Sony and automaker Toyota.Japan Advanced Semiconductor Manufacturing, Inc. (JASM), the manufacturing operation...
Palantir (PLTR) earnings Q4 2023
Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesPalantir shares surged more than 19% in after-hours trading...
DocuSign’s deal talks with Bain, Hellman & Friedman stall: Reuters
The Docusign Inc. application for download in the Apple App Store on a smartphone arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesBain Capital and Hellman & Friedman have cooled in their pursuit of...
Digital ads show signs of rebound as Meta, Amazon point to growth
Drew Angerer | Getty Images News | Getty ImagesA year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump.Speaking to analysts on the company's...
Company to cut 10% or around 500 employees
Co-founder and CEO of Snap Inc. Evan Spiegel 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 | ReutersSocial media company Snap said on Monday that it would...
Delivery Hero (DHER) unaudited earnings released after 26% stock plunge
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019.Krisztian Bocsi | Bloomberg via Getty ImagesDelivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew...
Microsoft CEO Satya Nadella hits 10-year anniversary
Microsoft CEO Satya Nadella speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023.Jason Redmond | AFP | Getty ImagesWhen Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the...
Spend money to make money
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Mandel Ngan | AFP | Getty ImagesIt was a big week for tech earnings, with Microsoft, Meta,...
$28 billion windfall after stock jumps
Facebook CEO Mark Zuckerberg is seen after fencing in the "Metaverse" with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released Oct....
Meta says Zuckerberg’s engagement in combat sports is a risk
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesMark Zuckerberg's preference for mixed martial arts and water sports is not only a personal hazard, it's also a risk to investors.In its annual...
Amazon warns climate change could disrupt its business in SEC filing
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023.Joe Raedle | Getty ImagesAmazon is warning investors that the climate crisis may have a material effect on its business.In the risk factors section...
Tech’s longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022.Tayfun Coskun | Anadolu Agency | Getty ImagesTechnology companies are learning an old lesson from Wall Street: maturing means shrinking.Meta and Amazon saw...
Three people arrested in $400 million FTX crypto hack
The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged.Jakub Porzycki | Nurphoto | Getty ImagesThree people were indicted for an identity-theft...
Apple’s Vision Pro headset launches in U.S.
The first customer walks out of the Apple Store with his purchase of the Vision Pro headset in New York on February 2, 2024. Angela Weiss | Afp | Getty ImagesApple's Vision Pro headset officially launches in the U.S. on Friday. Customers who pre-ordered the headset...
Apple’s biggest issues in China right now after sales plunged
Apple CEO Tim Cook listens during a program at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week at Apple Park in San Francisco, Nov. 17, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesApple is facing renewed challenges in China, one of its most critical...
AI lobbying spikes nearly 200% as calls for regulation surge
Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according to federal lobbying disclosures analyzed by OpenSecrets...
Meta shares surge 17% in premarket trade as investors cheer first-ever dividend
Sopa Images | Lightrocket | Getty ImagesShares of Facebook parent company Meta surged Friday, after the firm reported a threefold jump in fourth-quarter profit and issued its first-ever dividend.As of around 6 a.m. ET, the stock price of Meta was up roughly 17% in...
Amazon announces AI shopping assistant called Rufus
An illustrative image of the Amazon shopping app seen on a mobile phone screen in front of an old, left, and a new, right, Amazon shopping app icon displayed on a screen.Artur Widak | NurPhoto | Getty ImagesAmazon on Thursday announced a new artificial intelligence...
Meta’s Reality Labs loses $4.65 billion in Q4 ahead of Vision Pro
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to sink billions of dollars a quarter into developing the metaverse, and...
Meta is paying first-ever dividend, authorizes $50 billion buyback
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 announced on Thursday that it will pay a quarterly dividend for the first time, and said...
Tim Cook teases Apple AI announcement ‘later this year’
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.Loren Elliott | ReutersApple CEO Tim Cook teased that Apple may have an artificial intelligence announcement later this year during a call with...
AWS Q4 earnings report 2023
Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts' projections. The company pointed to growing traction in cloud services for artificial intelligence.Many large technology companies...
Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla CEO Elon MuskOmar Marques | Getty ImagesTesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste materials at facilities throughout the state of California for years.The fee is negligible for Tesla, which...
Mark Zuckerberg says Meta will ‘keep things lean’ after Q4 earnings
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 ImagesMark Zuckerberg is so pleased with his "year of efficiency" that he's extending it...
AMD bets on AI-powered PCs as tech race with Nvidia and Intel heats up
SHANGHAI, CHINA - JULY 28, 2023 - Photo taken on July 28, 2023 shows the AMD logo at the 2023 ChinaJoy in Shanghai, China.CFOTO | Future Publishing | Getty ImagesU.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel...
Meta to report fourth-quarter earnings after the bell
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. Evelyn Hockstein | ReutersMeta will report fourth-quarter earnings after the bell on...
Company cuts 150 jobs, 2% of workforce
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.Matt Winkelmeyer | Getty Images for DropboxZoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as...
Amazon (AMZN) Q4 earnings report 2023
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the closing bell.Here's what analysts are projecting:Earnings...
Apple (AAPL) earnings report Q1 2024
Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple's biggest of the year by sales and the first full sales period for the iPhone 15, which launched in September.Apple faces significant challenges, coming off four...
Activist Elliott builds roughly 13% stake in Etsy, secures board seat
Etsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City.Paul Zimmerman | Getty ImagesActivist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy, which announced on Thursday...
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing.CEO Todd McKinnon said in...
Taylor Swift songs removed from TikTok after UMG spat
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesSongs from artists signed to Universal Music Group have started disappearing from TikTok after the two sides failed to agree a new...
Tesla upgrades Model Y in China for semi-autonomous driving
A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023.Brandon Bell | Getty ImagesTesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk's automaker said on WeChat on Thursday, as it looks to boost sales and fend...
Neuralink competitor Synchron buys equity stake in manufacturer
Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device.Source: SynchronNeurotech startup Synchron is ramping up production of its flagship brain-computer interface to prepare for...
Qualcomm (QCOM) earnings report Q1 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 first-quarter results on Wednesday that...
Meta, X, TikTok, Snap and Discord confront Congress eager for tighter social media regulation
(L-R) Shou Zi Chew, CEO of TikTok, Linda Yaccarino, CEO of X, and Mark Zuckerberg, CEO of Meta testify before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.Alex Wong | Getty Images"We could regulate you out...
Mastercard launches GPT-like AI model to help banks detect fraud
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Joan Cros Garcia - Corbis | Corbis News | Getty ImagesPayments...
Tesla will hold a shareholder vote to incorporate in Texas
SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland.Omar Marques | Getty ImagesElon Musk said late Wednesday that Tesla will hold a...
Meta’s continued rally could hinge on fortunes of Temu and Shein
Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016. Shu Zhang | ReutersLike many Facebook and Instagram users, marketing veteran Victor...
Starboard urges GoDaddy to set ‘prudent’ guidance
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City.Spencer Platt | Getty ImagesActivist investor Starboard Value on Wednesday sent a letter to...
Volkswagen sets up AI lab as car industry looks to embrace the tech
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter.Ismail Aslandag | Anadolu via Getty ImagesGerman automaker Volkswagen has established its own artificial intelligence lab, the company said...
CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety
Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesMark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social...
Ex-UK finance minister joins Coinbase crypto exchange
Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England.Christopher Furlong | Getty ImagesLONDON — A former British finance minister on Wednesday joined cryptocurrency...
PayPal will cut about 2,500 jobs, or 9% of global workforce
PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC.The cuts will affect both existing roles and job listings that PayPal had planned to hire for, and will take...
AMD earnings report Q4 2023
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 | ReutersAMD reported fourth-quarter earnings Tuesday that were in line with analyst expectations....
Samsung Electronics Q4 2023 earnings 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...
Wall Street punishes Alphabet and Microsoft despite earnings beats
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California.Anna Moneymaker | Getty ImagesResults were good, but not good enough.That's Wall Street's reaction to...
Universal Music Group, Taylor Swift’s label, to pull music from TikTok
Allen J. Schaben | Los Angeles Times | Getty ImagesUniversal Music Group said on Wednesday that it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations.A music licensing agreement...
Judge voids Elon Musk compensation in lawsuit
A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board of directors failed to prove "that the compensation plan was fair" or show much evidence that they had even negotiated with him.Tesla's share price...
Alphabet (GOOGL) Q4 earnings report 2023
Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet is scheduled to report fourth-quarter earnings Tuesday after the market...
Microsoft (MSFT) Q2 earnings report 2024
Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will report fiscal second-quarter earnings after the market close on Tuesday.Here's what analysts polled by LSEG,...
Apple iPhone shipments may drop in 2024, analyst Ming-Chi Kuo says
Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company's headquarters in Cupertino, California, Sept. 12, 2023.Loren Elliott | ReutersShipments of iPhones are likely to take a hit this year due largely to the growing...
Deliveroo (ROO) stock falls on Delivery Hero stake sale
A Deliveroo rider near Victoria station on March 31, 2021 in London, England.Dan Kitwood | Getty ImagesShares of German food delivery company Delivery Hero fell to a record low Tuesday after announcing it was selling its minority stake in rival firm Deliveroo.Delivery...
Excessive screen time symptoms cost the U.S. $73 billion a year: Study
American workers are spending too much time looking at screens.More than 104 million people in the U.S., including nearly 70% of people working office jobs, spend upward of seven hours a day looking at screens, according to a Tuesday report from the Deloitte Economics...
Trimble announces share buyback, two new directors after Jana stake
The Trimble logo is displayed on a smartphone.Igor Golovniov | SOPA Images | LightRocket | Getty ImagesIndustrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks...
Super Micro shares pop after earnings beat, rosy revenue forecast
Super Micro CEO Charles Liang.Source: SupermicroShares of Super Micro Computer popped more than 5% Tuesday, a day after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report.Super Micro said...
The future of computing and entertainment
SIt's night. I'm at a lake near Oregon's Mount Hood, sitting on the beach. Jazz music is playing as I write. I'm not in the real world.Well, I sort of am. I'm wearing Apple's new Vision Pro headset, which looks like a fancy pair of glowing ski goggles.Apple's...
Reed Hastings sells $1.1 billion in Netflix shares
Netflix co-founder and executive chairman Reed Hastings speaks during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022.Michael M. Santiago | Getty ImagesNetflix co-founder and executive chairman Reed...
OpenAI is working on AI education, safety initiative with Common Sense
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 said on Monday that it's partnering with Common Sense Media on an initiative designed to help teens...
Alibaba-backed Xreal claims it’s an AR glasses unicorn
Xreal Air 2 in action. Xreal's augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screenXrealBEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60 million in new...
Elon Musk’s Neuralink implants brain tech in human patient for the first time
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's neurotech startup Neuralink implanted its device in a human for the first time on Sunday, and the patient is "recovering well," the billionaire said in a post on X, formerly known as Twitter, on Monday.The company is...
Bitcoin bounces above $43,000, turns positive for 2024
The price of bitcoin broke above the $43,000 level on Monday as the cryptocurrency extended its recent gains.Bitcoin was last trading higher by 3% at $43,102.26, according to Coin Metrics. Bitcoin has fought back into the green for the year following steep losses...
Activists eyeing tech stocks ahead of expected M&A rebound after lull
Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016.David A. Grogan | CNBCActivist investors are circling the tech market.That's because, after a two-year plunge in mergers and acquisitions across the industry, there are signs of life...
Amazon terminates iRobot deal, vacuum maker to lay off 31% of staff
The iRobot headquarters in Bedford, Massachusetts, US, on Friday, June 16, 2023. Amazon.com Inc.'s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UKs antitrust agency. Photographer: Sophie Park/Bloomberg via Getty...
PlayStation maker Sony invests in African gaming startup Carry1st
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony is making a bold bet on Africa's video game industry. The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video...
Sextortion is fastest-growing crime targeting minors in North America – and social media companies can do more to stop it, study finds
A form of cybercrime called "financial sextortion" is rapidly rising in North America and Australia, with a major portion driven by a non-organized cybercriminal group in West Africa who call themselves "Yahoo Boys," according to a new study from the Network Contagion...
Taylor Swift’s name not searchable on X days after sexually explicit deepfakes go viral
U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023.Michael Tran | Afp | Getty ImagesSocial media users may have noticed Saturday that they cannot search Taylor Swift's name on X, days...
How the Apple iPhone changed the world
When Apple announced the iPhone in 2007, Steve Jobs called it a "revolutionary product" in a handset category that he said needed to be reinvented. Now, nearly two decades and 42 models later, the iPhone is one of the world's most popular phones. Apple has sold over...
Intel has worst day since 2020 on weak outlook
Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares slumped 12% on Friday for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short...
Apple faces ‘strong action’ if App Store changes fall short, EU’s Breton says
Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy.JOHN THYSApple faces strong action if changes to its App Store do not meet incoming European Union regulations, the bloc's industry chief...
Tesla recalls nearly 200,000 vehicles in US over rearview camera bug
BURBANK, CALIFORNIA - JANUARY 16: Tesla electric cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. Carbon emissions fell by about 1.9 percent in 2023, a positive signal, but further cuts must be implemented if the U.S. hopes to achieve...
Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside
Jonathan Raa | Nurphoto | Getty ImagesBitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off.The price of the cryptocurrency climbed more than 3% to $40,989.80...
Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high
Tech stocks on display at the Nasdaq. Peter Kramer | CNBCThe S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap.Don't...
Vodafone and Three UK merger under investigation by CMA
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 |...
Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones
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....
Alphabet shares close at a record, joining Microsoft and Meta
Sundar Pichai, chief executive officer of Alphabet Inc.Bloomberg | Bloomberg | Getty ImagesAlphabet shares climbed to a record on Thursday, joining Microsoft and Meta, which have continued to rally since reaching fresh all-time highs earlier this month. Shares of...
Intel (INTC) earnings report Q4 2023
Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates.Here's how Intel did versus LSEG (formerly...
AI hiring frenzy to fuel layoffs in other tech segments this year
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesAs tech...
Apple opens up iPhone app store in Europe
Apple CEO Tim Cook attends the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November...
FTC looking into AI deals at Amazon, Alphabet, Microsoft, OpenAI
WASHINGTON, DC - OCTOBER 4: Federal Trade Commission Chair Lina Khan speaks during a discussion on antitrust reforms at the Brookings Institution October 4, 2023 in Washington, DC. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President...
1900 employees in Gaming after Activision deal
Microsoft CEO Satya Nadella listens to an audience member's question during the company's annual shareholder meeting in Bellevue, Washington, Nov. 30, 2016.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft will lay off around 1,900 employees in its Gaming...
Apple takes top spot in China’s smartphone market for the first time
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California.Justin Sullivan | Getty Images News | Getty ImagesApple for the first time became the largest smartphone vendor in China by shipments, new data for 2023...
Elon Musk says Chinese EV makers will ‘demolish’ other companies
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 ImagesElon Musk said Chinese electric automakers will find "significant" success outside of China, even as...
Tesla (TSLA) shares fall after Musk’s EV maker warns of 2024 slowdown
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 | ReutersTesla shares fell in pre-market trade on Thursday, after the company reported earnings that missed...
IBM Q4 earnings report 2023
IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023.Prakash Singh | Bloomberg | Getty ImagesIBM shares rose as much as 8% in extended trading Wednesday after the tech and services provider announced fourth-quarter results...
HPE hacked by same Russian intelligence group that hit Microsoft
Antonio Neri, president and CEO of Hewlett Packard Enterprise, speaks during the HPE Discover CIO Summit in Las Vegas on June 19, 2018.Bloomberg | Bloomberg | Getty ImagesHewlett Packard Enterprise said Wednesday that its cloud-based email system was compromised by...
Company to start share buybacks
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023.One of the...
Tesla (TSLA) 2023 Q4 earnings
Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty ImagesTesla is set to report...
Amazon’s Ring will stop letting police request doorbell video footage
A 'Ring Stick Up Cam' is pictured at the Amazon Headquarters, following a launch event, on September 20, 2018, in Seattle. The camera was launched alongside more than 70 Alexa-enable products during the event.Stephen Brashear | Getty ImagesAmazon's Ring will no longer...
Meta passes $1 trillion in market cap
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesMeta's market cap surpassed $1 trillion during intraday trading Wednesday, hitting the...
North Korea crypto hacking activity soars to record high in 2023, new report shows
The FBI claims North Korea-linked hackers were behind a $100 million crypto heist on the so-called Horizon bridge in 2022.Budrul Chukrut | Sopa Images | Lightrocket | Getty ImagesNorth Korea-linked hackers attacked a record number of crypto platforms in 2023,...
Microsoft crosses $3 trillion in market cap
Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024.David Paul Morris | Bloomberg | Getty ImagesMicrosoft's market cap surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% to $404 per share.This is...
India’s Zee Entertainment urges Sony to restore blockbuster merger
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises.Bloomberg | Bloomberg | Getty ImagesIndian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese...
Spotify to begin in-app sales on iPhone after EU law requires Apple to allow it
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 said Wednesday it will update its iPhone app in Europe to allow users to buy in-app...
Core Scientific hits Nasdaq as Wall Street goes big in bitcoin mining
Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Trading is scheduled to resume Wednesday morning.Core, which has operations in five U.S. states — Texas, North Dakota,...
TikTok cuts about 60 jobs as January layoffs continue across tech
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users.Jaap Arriens | Nurphoto | Getty ImagesTikTok has cut about 60 jobs, CNBC confirmed, the latest tech company to downsize at the start of 2024.A company spokesperson said...
SAP plans job changes or buyouts for 8,000 employees in restructuring
Christian Klein, CEO of the software company SAP, stands on the podium looking at his cell phone before the start of the company's Annual General Meeting.Uwe Anspach | Picture Alliance | Getty ImagesSAP said on Tuesday that it aims to carry out voluntary buyouts or...
EBay to slash about 1,000 roles, or 9% of full-time employees
eBay's headquarters in San Jose, California, U.S.Bloomberg | Getty ImagesEBay said Tuesday that it plans to lay off 9% of the company's workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than...
SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI
An employee works in an office at the SAP SE campus in Walldorf, Germany.Bloomberg | Getty ImagesShares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to...
ASML earnings report Q4 and full year 2023
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.Emmanuel Dunand | AFP |...
Alphabet ends contract with Appen, which trained Bard, Google Search
Alphabet has cut contractual ties with Appen, the artificial intelligence data firm that helped train Google's chatbot Bard, Google Search results and other AI products.After a "strategic review process," Alphabet notified Appen over the weekend of the termination,...
Alibaba stock up after Jack Ma and Joe Tsai buy shares
Alibaba co-founders Jack Ma and chairman Joe Tsai, in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 19, 2014.Scott Eels | Bloomberg | Getty ImagesAlibaba co-founders Jack Ma and Joe Tsai have acquired shares worth hundreds of millions...
SoftBank leads $104 million investment in travel startup TravelPerk
TravelPerk CEO and co-founder Avi Meir.TravelPerkBarcelona-based startup TravelPerk, which helps automate corporate travel and expenses, has raised $104 million in fresh funding from Japanese tech investing giant SoftBank and a flood of other names, to invest in...
Bitcoin breaks below $39,000 as post-ETF tumble continues
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December.The price of the cryptocurrency was last lower by 3% at $38,767.10, according to Coin Metrics, adding to its 4% loss from the previous...
Fujitsu role in could have reputational consequences
Former subpostmasters celebrate outside the Royal Courts of Justice in London, on April 23, 2021, following a court ruling clearing subpostmasters of convictions for theft and false accounting. - Dozens of former subpostmasters, who were convicted of theft, fraud and...
Founders of Wise and Skype raise $436 million to back Europe tech
The partners of European venture capital firm Plural, from left to right: Ian Hogarth, Taavet Hinrikus, Carina Namih, Sten Tamkivi and Khaled Helioui.PluralThe founders of Wise, Skype and Songkick have raised 400 million euros ($436.4 million) for a new fund to back...
Bitcoin briefly dips below $40,000 for the first time this year
Cemile Bingol | Digitalvision Vectors | Getty ImagesBitcoin extended its losses on Monday, dipping below $40,000 for the first time this year and pulling the rest of the crypto market down with it.The price of bitcoin was last lower by 3.9% at $40,052.76, according to...
India’s Zee Entertainment dives 31% after Sony pulls out of merger
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises.Bloomberg | Bloomberg | Getty ImagesShares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. - This is a breaking news...
MrBeast makes over $263,000 in X video, but calls it a ‘facade’
YouTube personality Jimmy Donaldson, better known as MrBeast, arrives for the 36th Annual Nickelodeon Kids' Choice Awards at the Microsoft Theater in Los Angeles on March 4, 2023.Michael Tran | Afp | Getty ImagesJimmy Donaldson, the internet sensation known as...
New details emerge about SEC’s X account hack, including SIM swap
The U.S. Securities and Exchange Commission said on Monday that a SIM swap attack was to blame for the breach of its official account on X, formerly known as Twitter, earlier this month.On Jan. 9, an unauthorized party gained access to the @SECGov account and...
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Ma ''Pony'' Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017. In an unusual move, Ma has chosen to convene a summit of government...
AMD’s stock surge leads analyst to a ‘heck if we know’ rating
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023.David Becker | Getty ImagesDemand for graphics processing units — the artificial intelligence chips that power programs such as ChatGPT —...
Meta shares close at a record as last year’s rally continues
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's stock price has fully rebounded from its awful year in 2022.The share rose almost 2%...
Crypto entrepreneur charged in $150 million scam
The U.S. District Court for the Eastern District of New York stands in the Brooklyn borough of New York City on Jan. 18, 2019.Drew Angerer | Getty ImagesFederal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of...
Microsoft executive emails hacked by Russian intelligence group
Satya Nadella, CEO of Microsoft.CNBCMicrosoft said in a Friday regulatory filing that a Russian intelligence group accessed some of the software maker's top executives' email accounts. Nobelium, the same group that breached government supplier SolarWinds in 2020,...
Why there is a new global race to the moon
Japan recently became the fifth nation to successfully complete a soft landing on the moon's surface, joining a select few countries — the U.S., Russia, China and India — in accomplishing this feat. But moon landings are likely to become more common over the next few...
Meta’s retreat from news accelerated in 2023, leaving media scrambling
Mark Zuckerberg, CEO of Facebook, testifies remotely as Sen. John Kennedy, R-La., watches during the Senate Judiciary Committee hearing "Breaking the News: Censorship, Suppression, and the 2020 Election," in Washington, Nov. 17, 2020.Bill Clark | ReutersMother Jones...
Demand for Apple Vision Pro headset could wane, top analyst warns
Apple announced the Vision Pro headset at its annual Worldwide Developers Conference in 2023.Josh Edelson | AFP | Getty ImagesApple's Vision Pro quickly sold out after preorders for it opened Friday, but some doubt whether demand will remain strong, according to top...
Super Micro (SMCI) jumps on Q2 preliminary earnings
Charles Liang, CEO, Super Micro Source: Supermicro Super Micro Computer, one of the best-performing tech stocks of the past few years, soared more than 30% on Friday to a record, after the maker of data center hardware issued preliminary financial results that...
Apple’s Vision Pro headset now available to order
Apple's Vision Pro headset is on display at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, June 5, 2023.Loren Elliott | ReutersPreorders for Apple's $3,499 Vision Pro headset began Thursday morning ahead of its...
Apple offers rivals access to tap-and-go payments in EU antitrust case
Apple CEO Tim Cook attends the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November...
Mark Zuckerberg indicates Meta is spending billions on Nvidia AI chips
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is spending billions of dollars on Nvidia's popular computer chips, which are at the heart...
Nvidia and AMD shares hit record highs on AI chip surge
Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022.Nvidia Corp | via ReutersAMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares...
iRobot shares tank 30% on report EU plans to block Amazon acquisition
Roomba robot vacuums made by iRobot are displayed on a shelf at a Target store in San Rafael, California, on Aug. 05, 2022.Justin Sullivan | Getty ImagesShares of iRobot plunged more than 33% in extended trading on Thursday after a report said the EU's antitrust...
Amazon names logistics head as new AWS CFO
The Amazon Web Services logo at the Web Summit in Lisbon.Henrique Casinhas | Sopa Images | Lightrocket | Getty ImagesAmazon said on Thursday that John Felton, the company's top logistics executive, will take over as chief financial officer of its AWS cloud computing...
Bitcoin slides back to $40,000 as post-ETF correction deepens
Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000.Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent...
Amazon layoffs hit its Buy with Prime unit
A worker delivers Amazon packages in San Francisco on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesAmazon is laying off some employees in its Buy with Prime unit, the company confirmed, as it continues to look for ways to trim costs.The cuts affect fewer than 5%...
OpenAI announces first partnership with a university
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Denis Balibouse | ReutersOpenAI on Thursday announced its first partnership with a higher education institution. Starting in February,...
AI models don’t need publishers’ data
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesDAVOS, Switzerland — Sam Altman said he was 'surprised' by the New York Times' lawsuit against his company OpenAI, saying its...
Reddit reportedly seeks to launch IPO in March
Budrul Chukrut | Lightrocket | Getty ImagesSocial media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the...
U.S. Supreme Court snubs Epic Games legal battle with Apple
The Apple App Store app on a smartphone arranged in New York, US, on Monday, Aug. 14, 2023.Gabby Jones | Bloomberg | Getty ImagesThe U.S. Supreme Court on Tuesday declined to hear an antitrust challenge by Epic Games, maker of the popular video game "Fortnite," to the...
DOJ to file antitrust case against Apple as soon as March: Report
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 ImagesThe U.S. Department of Justice...
Sheryl Sandberg says she’s leaving Meta’s board
Sheryl Sandberg, chief operating officer of Facebook Inc.David Paul Morris | Bloomberg | Getty ImagesFormer Meta operating chief Sheryl Sandberg is leaving the company's board of directors."With a heart filled with gratitude and a mind filled with memories, I let the...
Apple avoid ban by selling latest watches without blood oxygen feature
The Apple Inc. iPhone 8, Airpods, and Apple Watch sit on the AirPower charger during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017.David Paul Morris | Bloomberg | Getty ImagesApple will remove the blood oxygen feature...
Google CEO says job cuts needed in 2024 to serve ‘ambitious goals’
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 CEO Sundar Pichai is warning employees that more job cuts are coming this year as the...
China could face more chip restrictions in 2024, analysts say
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | ReutersChina could face more semiconductor export curbs from the likes of the U.S....
TSMC Q4 2023 earnings report
Jakub Porzycki | Nurphoto | Getty ImagesThe world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.Here are TSMC's fourth-quarter results...
Apple again banned from selling watches in U.S. with blood oxygen sensor
Apple smartwatches ads are displayed as customers take a look at smartwatch accessories at the Apple store in New York, U.S., December 26, 2023. Eduardo Munoz | ReutersApple will again be barred from selling watches with blood oxygen sensors beginning Thursday, a...
AMD shares jump 8% to highest close since 2021
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023.David Becker | Getty ImagesAMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on...
AGI coming but is less impactful than we think
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape...
Specs, price, availability, AI features
The Samsung Galaxy S24 Ultra. The device looks a lot similar to Samsung's Galaxy S23 Ultra. The main difference this time round is what's inside: Samsung is going big on artificial intelligence.SamsungSamsung announced its new flagship Galaxy S24 smartphone range...
Amazon launches generative AI tool to answer shoppers’ questions
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023.Joe Raedle | Getty ImagesAmazon is rolling out an artificial intelligence tool that can answer shoppers' questions about a product, a spokesperson...
Meta CEO Zuckerberg to be deposed in Texas facial recognition case
Facebook co-founder and Meta CEO Mark Zuckerberg sits in his seat inside a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Leah Millis |...
What Apple had to change as a result of the Epic Games legal battle
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 ImagesApple changed the rules of its U.S. App Store on Tuesday...
OpenAI quietly removes ban on military use of its AI tools
Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Chris Ratliffe | Bloomberg | Getty ImagesOpenAI has quietly walked back a ban on the military use of ChatGPT and...
Fujitsu says compensating Post Office victims is a ‘moral obligation”
Paul Patterson, Europe co-CEO of Fujitsu Services, giving evidence to the Business and Trade Committee at the Houses of Parliament, London, on what more can be done to deliver compensation for victims of what has been labelled one of the worst miscarriages of justice...
Jamie Dimon says he’s done talking about bitcoin: ‘I don’t care’
DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum."I call it the pet rock," he added.Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations...
Vay launches in U.S. with different take on Tesla-style self-driving
Vay operates what's called a "teledriving" service, where a car is driven remotely by a human rather than by a computer.VayGerman startup Vay on Wednesday launched its so-called "teledriving" solution in the U.S. for the first time, putting the company into direct...
Winklevoss’ crypto exchange Gemini gets nod to launch in France
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 ImagesCryptocurrency exchange Gemini has been awarded crypto registration to launch its services in...
Generative AI dominates Davos discussions as companies focus on accuracy
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty ImagesDAVOS, Switzerland — The rise of generative artificial intelligence has dominated...
Tesla slashes prices on Germany cars after similar cuts in China
Tesla Model Y, equipped with FSD system. Three front facing cameras under windshield near rear view mirror. Mark Leong | The Washington Post | Getty ImagesTesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after...
24 companies sign open letter saying Big Tech isn’t respecting EU DMA
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background.Justin Tallis | AFP via Getty ImagesA raft of major technology and media companies have signed an open letter accusing tech giants of failing...
Synopsys to acquire Ansys in $35 billion graphics software deal
Ajei Gopal, CEO, AnsysScott Mlyn | CNBCSemiconductor design and software firm Synopsys on Tuesday announced it would acquire Ansys, a engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion.Synopsys will pay...
Amazon Microsoft, Meta accused of not respecting EU DMA laws
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background.Justin Tallis | AFP via Getty ImagesA raft of major technology and media companies have signed an open letter accusing tech giants of failing...
Microsoft brings Copilot to small businesses, launches Copilot Pro
Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024.David Paul Morris | Bloomberg | Getty ImagesMicrosoft said on Tuesday that small businesses can now subscribe to its Copilot virtual assistant in the company's productivity apps. And...
Elon Musk wants more control of Tesla, seeks 25% voting power
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty ImagesTesla and SpaceX CEO Elon...
Apple offers rare iPhone discount in China as demand fears rise
The Apple flagship store in Shanghai in November 2023.Costfoto | Nurphoto | Getty ImagesApple is offering a discounts across a range of its products in China, including the latest iPhones, its website shows, as it faces rising competition and growing fears of a lack...
The $30 trillion wealth management industry can invest in bitcoin ETFs
Sopa Images | Lightrocket | Getty ImagesNow that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency.For the $30 trillion advised...
Microsoft tops Apple as world’s most valuable public company
Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella.ReutersMicrosoft ended Friday's U.S. trading session as the most valuable publicly traded company, surpassing Apple after briefly topping the iPhone maker during intraday trading Thursday.Shares of Microsoft...
Bitcoin losses accelerate following ETF launch, while ether heads for an 18% gain on week
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset.The price of bitcoin dropped nearly 6% to $44,022.22,...
Bitcoin ETFs just first step in finance revolution
Bitcoin exchange-traded funds have arrived after a hard-fought battle between the crypto industry and the U.S. Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it's just the first step toward a new...
Tesla stock down on Red Sea delays, price cuts
An employee of the Tesla Gigafactory Berlin Brandenburg works on a production line of a Model Y electric vehicle.Patrick Pleul | Picture Alliance | Getty ImagesShares of Tesla fell about 2% Friday morning as the stock faced pressure from supply chain delays due to a...
Tesla Berlin to stop most output for two weeks due to Red Sea disruption
Tesla will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said late on Thursday, citing a lack of components owing to shifts in transport routes because of attacks on vessels in the Red Sea.The partial halt to production is...
Crypto bulls see bitcoin flying to $100,000 with ETF approval
Cryptocurrency bulls say bitcoin could surge to more than $100,000 this year after the U.S. Securities and Exchange Commission made a pivotal step to approve the first-ever U.S. spot bitcoin exchange-traded fund.Several crypto investors CNBC spoke with said they see...
Amazon’s Audible unit lays off about 5% of staff
Amazon's Audible division is cutting approximately 5% of its staff in an effort to position the unit "for continued success," the executive overseeing the division told employees Thursday."We did not take this route without considerable thought," Audible CEO Bob...
Google Cloud launches new generative AI tools for retailers
Sopa Images | Lightrocket | Getty ImagesGoogle launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. The suite of new...
