Technology
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...
Apple’s Vision Pro headset will be in short supply at launch: Kuo
Tim Cook, CEO of Apple, beside an Apple Vision Pro mixed reality headset during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 5, 2023.Philip Pacheco | Bloomberg | Getty ImagesApple's Vision Pro virtual reality headset...
Apple longtime directors Al Gore and James Bell retiring from board
Former Vice President Al Gore speaks during the Agriculture Innovation Mission (AIM) for Climate Summit at the JW Marriott on May 08, 2023 in Washington, DC.Chip Somodevilla | Getty ImagesFormer Vice President Al Gore is leaving the Apple board in February after more...
Tesla raising factory worker pay in U.S., as UAW aims to organize
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022.Josh Edelson | AFP | Getty ImagesTesla is rolling out "market adjustment" pay increases this month to many of its factory workers across the U.S., according to notices posted at...
Discord cuts 17% of workforce, latest tech company to downsize in 2024
The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021.Jaap Arriens | NurPhoto | Getty ImagesDiscord will lay off 17% of the company's workforce, which equates to 170 employees, a spokesperson confirmed Thursday.The...
Bitcoin mining stocks tumble after crypto briefly touches $49,000
Bloomberg | Bloomberg | Getty ImagesBitcoin miners fell Thursday, giving back earlier gains, as the price of the cryptocurrency retreated in volatile trading following the U.S. Securities and Exchange Commission's approval of the first U.S. spot bitcoin...
Feds charge eBay over employees who sent live spiders and cockroaches to couple; company to pay $3M
eBay's headquarters in San Jose, California, U.S.Bloomberg | Getty ImagesOnline retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to...
Circle confidentially files for IPO following banner year for crypto
In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCircle, the issuer of the USDC stablecoin, has confidentially filed for an IPO with the Securities...
Hundreds of jobs cut across engineering and hardware
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 ImagesGoogle cut several hundred...
Google vows not to charge data transfer fees when cloud customers exit
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco on April 9, 2019.Michael Short | Bloomberg | Getty ImagesGoogle's latest effort to win cloud deals over larger rivals Amazon and Microsoft involves making it cheaper for clients to...
Microsoft briefly tops Apple as most valuable public company
Apple CEO, Tim Cook (L), and Microsoft CEO, Satya Nadella.ReutersMicrosoft on Thursday briefly yanked the title of most valuable publicly traded company from Apple in early trading.The development follows a series of obstacles Apple has encountered at the start of the...
Amazon’s cashierless checkout is coming to hospitals
Customers carry their purchases as they leave the U.K.'s first branch of Amazon Fresh in the Ealing area of London, England, March 4, 2021.Leon Neal | Getty ImagesAmazon is pitching its cashierless checkout technology to hospitals and other healthcare facilities.The...
Sanctioned Western tech is still entering Russia and powering its war
Sefa Ozel | E+ | Getty ImagesRussia is still obtaining large volumes of Western technology critical to its war in Ukraine, even as sanctions show some sign of taking hold, new analysis shows.China, Hong Kong, Turkey and the United Arab Emirates have been increasingly...
Here’s what a bitcoin ETF actually means for investors
Omar Marques | Lightrocket | Getty ImagesThe U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of the U.S.The agency gave the green light on Wednesday to sponsors of 10 ETFs, including...
Ether price spikes on hope of ETH ETF — but will the SEC approve it?
St. Moritz, SWITZERLAND — U.S. Securities and Exchange Chair Gary Gensler fired warning shots to the crypto industry, casting doubt over whether digital coin ether would follow next in the footsteps of bitcoin to receive approval for an exchange-traded fund. After the...
Scaramucci says 2023 was the best year for his crypto funds
Anthony Scaramucci, founder and CEO of SkyBridge Capital, said Thursday that the U.S. Securities and Exchange Commission's approval of the first spot bitcoin exchange traded funds should be viewed as a watershed moment for bitcoin.Speaking to CNBC's Arjun Kharpal in...
OpenAI debuts GPT Store, new business tier after leadership fracas
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI's answer to the App Store, which allows users to list personalized chatbots, or GPTs, they've built for others to download — and...
iRobot shares dip on report Amazon won’t offer EU concessions
iRobot's Roomba.Source: iRobotShares of iRobot closed down 19% on Wednesday, after a report said Amazon will not offer concessions to Europe's antitrust watchdog in a bid to clear its planned $1.7 billion acquisition of the Roomba maker.Politico reported the companies...
Bitcoin falls, ether surges to highest level since May 2022
Nurphoto | Nurphoto | Getty ImagesBitcoin tread water on Wednesday as investors awaited the official U.S. Securities and Exchange Commission approval on spot bitcoin exchange-traded funds, a day after the regulator's X account posted a false announcement on the highly...
Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs
Omar Marques | Lightrocket | Getty ImagesBitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.The cryptocurrency trimmed...
Spot ETFs offer an easier and cheaper way to invest in bitcoin
Omar Marques | Lightrocket | Getty ImagesIt's cheaper than ever to buy bitcoin.After 10 years of rejections, the U.S. Securities and Exchange Commission on Wednesday approved 11 applications for bitcoin exchange-traded funds submitted by some of the biggest asset...
Company cuts over 500 Twitch employees
The layoffs represent the third round of cuts at Twitch in less than a year. Last March, Twitch let go of roughly 400 staffers, and it cut some employees in its customer experience division last October.The unit has also seen turnover in its highest ranks. Longtime...
Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesNow that the SEC has approved the creation of bitcoin exchange-traded funds,...
Malaysia is doubling down on the chip industry to capture growth in EVs
Tesla Inc. signage during a launch of company's Model Y electric vehicle in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023.Bloomberg | Bloomberg | Getty ImagesMalaysia is doubling down on the semiconductor industry to capture growth in the growing electric vehicle...
China’s EV stocks start 2024 in reverse gear as price wars pressure profitability
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesShares of Chinese electric car makers have started...
SAP to pay more than $220 million to settle bribery charges: DOJ & SEC
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, the $192 billion German enterprise tech company, will pay more...
Hundreds of jobs cut in Prime Video and MGM Studios
Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions.Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon...
Tesla launches restyled Model 3 in North America
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla on Wednesday rolled out the restyled version of its Model 3 compact sedan in North America at unchanged prices, months...
Bitcoin will hit record high in 2024, bulls say, after false SEC post
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | ReutersSt. Moritz, SWITZERLAND — Top players in the crypto industry gathered at a lavish hotel in elegant Swiss ski town St. Moritz ahead of...
YouTube launches First Aid Information Shelves to help in emergencies
People walk past a billboard advertisement for YouTube in Berlin, Germany, on Sept. 27, 2019.Sean Gallup | Getty ImagesYouTube is taking steps to fight against medical misinformation, especially when it comes to finding immediate tips on how to handle an emergency.The...
Bitcoin slides after SEC social media account is compromised
Standard Chartered predicts bitcoin could fall to $5,000 in 2023 as part of its research on potential market surprises next year.Nurphoto | Getty ImagesThe price of bitcoin fell during late afternoon trading Tuesday following a false social media post from the X...
HPE to acquire Juniper Networks for $14 billion
Antonio Neri, president and chief executive officer of Hewitt Packerd Enterprise (HPE), speaks during the HPE Discovery CIO Summit in Las Vegas, Nevada, U.S., on Tuesday, June 19, 2018. The summit brings together experts and industry leaders to explore the critical...
Global fintech investment plunges 51% in 2023 but UAE defies slowdown
Europe's fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks.Oscar Wong | Moment | Getty ImagesThe fintech industry saw more pain in 2023, with overall investment...
Trend Micro lays off 2% of its global workforce
Krisanapong Detraphiphat | Moment | Getty ImagesTrend Micro has laid off 2% of its overall workforce.The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023, announced the layoffs Tuesday, pitching it as part of a business transformation...
Meituan lost $82 billion in market cap on slowdown fears, more competition
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor...
SEC’s account compromise was not due to breach of X’s systems, company says
INDIA - 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty...
Meta to restrict teen content as complaints mount about youth harm
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 ImagesMeta said Tuesday it will limit the type of content that teenagers on...
Elon Musk’s X to launch peer-to-peer payments this year
C.E.O. of Tesla, C.E.O. of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City.Michael M. Santiago | Getty ImagesElon Musk's social media platform X, formerly known as Twitter, announced it...
Activist investor Elliott reportedly takes $1 billion stake in Match
(L-R) Gary Swidler, chief financial officer of Match Group, Greg Blatt, chairman of Match Group, Sam Yagan, CEO of Match Group and co-founder and CEO of OkCupid and Nelson Griggs, vice president of Nasdaq, pose for a photo in Times Square after celebrating Match...
Microsoft investment in OpenAI risks potential EU merger probe
Jaap Arriens | Nurphoto | Getty ImagesMicrosoft's multibillion-dollar investment in artificial intelligence firm OpenAI risks a potential full-blown merger investigation in the European Union, EU officials signaled Tuesday.The European Commission, which is the...
Second-largest U.S. radio company Audacy files for bankruptcy protection
The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand.NYSEAudacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in...
OpenAI responds to New York Times lawsuit
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOn Monday, OpenAI, the artificial intelligence startup behind viral chatbot ChatGPT, clapped back at The New York Times in a...
This startup is removing carbon from the air and JetBlue is backing it
One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Some liken it to sucking CO2 out of the atmosphere. However, it's not a perfect science, and most...
Unity Software to lay off 1,800 employees, 25% of staff
James Whitehurst, the former CEO of Red Hat.Adam Jeffery | CNBCUnity Software said Monday that it's cutting 1,800 jobs, or about 25% of its workforce, in the latest round of layoffs at the gaming technology company. The stock jumped almost 5% in extended trading.Unity...
Juniper Networks jumps after report saying HPE is looking to buy it
Antonio NeriAnjali Sundaram | CNBCJuniper Networks shares soared more than 20% in extended trading on Monday after the Wall Street Journal reported that Hewlett Packard Enterprise is in "advanced talks" to acquire the company for around $13 billion.A deal could be...
Samsung issues guidance for Q4 2023, expects 35% profit drop
Samsung is the world's biggest maker of memory chips.Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics on Tuesday said it expects to post a 35% drop in operating profit in the fourth quarter of 2023, missing expectations by a wide margin as a rebound in...
Nvidia RTX 4060 Super, RTX 4070 Ti Super, RTX 4080 Super announced
Founder and CEO of Nvidia Jensen Huang speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023.Michael M. Santiago | Getty ImagesNvidia found itself at the center of the artificial intelligence boom last year as its expensive server...
Bitcoin briefly touches $45,000 as investors await ETF decision this week
Bitcoin rose to start the week as investors awaited the potential approval of a U.S. bitcoin ETF this week.On Monday the cryptocurrency rose 1.5% to $44,854.11, according to Coin Metrics, as BlackRock, Grayscale and other potential bitcoin ETF issuers submitted final...
Twilio CEO Lawson steps down after bruising activist battles
Jeff Lawson, founder, CEO and chairman of Twilio, speaks at a press conference during the Mobile World Congress on March 1, 2017 in Barcelona, SpainJoan Cros Garcia/Corbis | Corbis News | Getty ImagesTwilio co-founder Jeff Lawson on Monday said he is stepping down as...
Apple iPhone sales in China fell over 30% during first week of 2024: Jefferies
Apple CEO Tim Cook delivers remarks during an Apple special event in Cupertino, California, on Sept. 12, 2023.Justin Sullivan | Getty ImagesApple's iPhone sales in China were down more than 30% year-over-year for the first week of January, while competitors like...
Apple Vision Pro headset launches in U.S. on Feb. 2, pre-orders begin Jan. 19
Apple launched its Vision Pro headset at its annual WWDC event on Monday, ending months of speculation that the Cupertino tech giant was getting ready to launch its own VR or augmented reality product.Josh Edelson | AFP | Getty ImagesApple's Vision Pro will launch in...
Nvidia to launch China-focused AI chip in Q2 2024, sources say
Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023.Nurphoto | Getty ImagesU.S. chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an...
Nintendo Switch 2 console coming in 2024, analysts say
Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo's ageing Switch console.Philip Fong | AFP | Getty ImagesNintendo is likely to release...
Largest U.S. radio company Audacy files for bankruptcy protection
The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand.NYSEAudacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection to...
Apple shares slip on report US government preparing antitrust lawsuit
Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023.Anna Moneymaker | Getty ImagesApple shares slid less than 1% on Friday...
Coinbase to expand crypto derivatives in EU with license acquisition
LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo...
SpaceX sues U.S. agency that accused it of firing workers critical of Elon Musk
Elon Musk, CEO of SpaceX and Tesla, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris on June 16, 2023.Gonzalo Fuentes | ReutersSpaceX on Thursday sued a U.S. labor board...
Apple iPhone supplier Foxconn expects first-quarter revenue decline
Apple's iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023.Patrick T. Fallon | AFP | Getty ImagesApple supplier and lead iPhone assembler Foxconn on Friday reported a revenue drop for the...
Tesla recalls over 1.6 million cars in China over Autopilot, locks
Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesTesla is recalling more than 1.6 million cars in China to fix...
Coinbase, Gemini plan user risk assessments in UK ahead of new rules
CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP...
China’s Xpeng claims its latest EV model could be an industry ‘game changer’
Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a "game changer" for the industry.Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are...
SpaceX charged with illegally firing workers critical of Elon Musk
Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly Twitter — speaks during the New York Times annual DealBook summit in New York City, Nov. 29, 2023.Michael M. Santiago | Getty ImagesThe U.S. National Labor Relations Board has filed a complaint against...
How BYD grew from a phone battery maker to EV giant taking on Tesla
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023.Arjun Kharpal | CNBCElon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview."Have you seen their car?" Musk quipped. "I don't think it's...
Bitcoin rises as its volatile year continues ahead of an expected ETF approval soon
Yuichiro Chino | Moment | Getty ImagesBitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin ETF approval that many expect as soon as next week.The flagship...
Mobileye shares plunge after chipmaker warns of order pullback
Mobileye signage is displayed during the company's initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022.Michael Nagle | Bloomberg | Getty ImagesMobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it...
Qualcomm announces Snapdragon XR2+ Gen 2 chip for AR headsets
The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.Justin Sullivan | Getty ImagesQualcomm on Thursday announced a new chip that will be used by Samsung and Google for mixed reality...
Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon
The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.The incentives include $90 million...
Samsung Galaxy S24 Unpacked event promises AI phones
A man walks past the Samsung logo displayed on a glass door at the company's Seocho building in Seoul on April 7, 2023.Jung Yeon-je | Afp | Getty ImagesSamsung recently announced it will host a news conference in San Jose, California, on Jan. 17 where it will unveil...
Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited's Shopee and Tokopedia, according to Momentum Works.Matt Hunt | Lightrocket | Getty ImagesSINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with...
Company to cut 15% of workforce
Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut.Michael Nagle | Bloomberg | Getty ImagesXerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model.Xerox,...
Microsoft says a Copilot key is coming soon to Windows PC keyboards
Yusuf Mehdi, Microsoft's consumer chief marketing officer, speaks during an event at the company's headquarters in Redmond, Washington, on Feb. 7, 2023.Chona Kasinger | Bloomberg | Getty ImagesMicrosoft on Thursday said keyboards on upcoming Windows PCs will feature a...
Bitcoin gives back new year rally as traders weigh ETF decision
Bitcoin on Wednesday reversed its new year rally as investors weighed the Federal Reserve's policy outlook and stayed on alert for updates on the Securities and Exchange Commission's looming bitcoin exchange-traded fund decision.The price of bitcoin was last lower by...
Shares of Apple suppliers fall after Barclays downgrades iPhone maker
CUPERTINO, CALIFORNIA - SEPTEMBER 12: The new iPhone 15 Pro is displayed during an Apple event at the Steve Jobs Theater at Apple Park on September 12, 2023 in Cupertino, California.Justin Sullivan | Getty Images News | Getty ImagesShares of Apple suppliers fell in...
Apple stock slips 3% after Barclays downgrade
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.Jason Lee | ReutersApple shares slipped more than 3% in Tuesday morning trading, after Barclays downgraded the stock...
Tesla reported 485,000 deliveries in Q4, bringing 2023 total to 1.8 million
Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers:Total deliveries Q4 2023: 484,507Total production Q4 2023: 494,989Total annual deliveries 2023: 1,808,581Total annual production 2023: 1,845,985In 2022,...
ASML blocked from exporting some critical chipmaking tools to China
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 |...
EU laws approved but US is top cop
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, Feb. 23, 2022.Al Drago | Bloomberg | Getty ImagesRegulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it...
Bitcoin (BTC) price predicitions for 2024
Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesBitcoin had a huge rally in 2023, with the digital currency up some 152% for the year.And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to...
How the two biggest crypto billionaire CEOs proved the critics right
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.Getty Images | ReutersAfter a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw...
Tech stocks wrap up 2023 rally after last year’s slump
The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022.Michael Nagle | Bloomberg | Getty ImagesTech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades.After last...
Prosecutors say they will not pursue second Sam Bankman-Fried trial
Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, July 26, 2023.Amr Alfiky | ReutersProsecutors have decided not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried.In a note to Judge Lewis Kaplan on...
In new world of AI, same old data privacy tradeoff for consumers
All the dominant technology companies are integrating generative AI into their online services, from Google to Meta, Microsoft and Apple.Google's recent integrations of Bard, its chat-based AI tool, with a host of Google apps and services is one example of moving...
Apple underperformed mega-cap peers in 2023 due to revenue slide
Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023.Justin Sullivan | Getty ImagesApple's stock rallied in 2023, but its performance was outshined by all of...
Nvidia brings slower gaming chip version to China to bypass U.S. rules
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 ReutersU.S. chipmaking giant Nvidia is set to launch an adjusted version of a gaming processor...
Startup bubble fueled by Fed cheap money policy finally burst in 2023
Scooters take over SXSW in Austin, TXAs the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup.Then came Covid. Electric scooters and coworking spaces were...
Affirm’s stock quintupled this year, beating all tech peers
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in...
Ether rallies 6% in catchup trade as investors position for January
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken June 16, 2023.Dado Ruvic | ReutersThe price of ether jumped on Wednesday as investors moved into the cryptocurrency ahead of key upside catalysts expected in...
Apple Watch import ban temporarily stopped by U.S. appeals court
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 be able to sell the latest Apple Watches after an import ban was temporarily paused by an...
Generative AI big year meant profit for Nvidia, experiments elsewhere
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 has admitted that he was surprised by the popularity of ChatGPT, which was released as a research project a...
New York Times sues Microsoft, ChatGPT maker OpenAI over copyright infringement
The New York Times Building in New York City on February 1, 2022.Angela Weiss | AFP | Getty ImagesThe New York Times on Wednesday filed a lawsuit against Microsoft and OpenAI, the company behind popular AI chatbot ChatGPT, accusing the pair of infringing copyright and...
Bitcoin 2023 rally pumped up Marathon, Coinbase, MicroStrategy, GBTC
Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York on April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesFor crypto bulls, the most lucrative bets in 2023 were in the stock market.While bitcoin...
AI integration, device upgrades to drive a rebound in PC sales in 2024
Apple Inc. MacBook Pro and Air laptops at the new Apple Inc. store inside the Starfield mall during its opening in Hanam, South Korea, on Saturday, Dec. 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesThe slump in personal computer sales is likely to end next year as...
Here are 3 stocks other than Nvidia getting AI premium from investors
Lisa Su, president and CEO of AMD, during an interview with Mad Money, broadcasting from CNBC's San Francisco bureau on November 21, 2019.Jacob Jimenez | CNBCThe big winner for investors this year in the generative AI boom was Nvidia. The company's stock price...
MicroStrategy’s bitcoin bet produces 300% gain for investors in 2023
Michael Saylor, executive chairman at MicroStrategy.Valerie Plesch | Bloomberg | Getty ImagesMicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business intelligence.But in 2023, the stock...
The first minds controlled by gen AI will live inside video games
A gamer uses a computer powered with an Nvidia Corp. chip at the Gamescon video games trade fair in Cologne, Germany, on Wednesday, Aug. 23, 2023. Gamescon runs until Sunday, Aug. 27. Photographer: Alex Kraus/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty...
Apple executives Johny Srouji and John Ternus on its chip business
In November, CNBC visited Apple's campus in Cupertino, California, to get a look inside one of the company's many chip labs. CNBC also got a rare chance to talk with the senior vice president of hardware technologies, Johny Srouji, and Apple's senior vice president of...
Tencent loses over $43 billion in market value after China proposes new online gaming rules
Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending.The draft guidelines from China's National Press and Publication Administration sank the Hong...
Google, Meta, other tech giants cut DEI programs in 2023
AnitaB.org CEO Brenda Wilkerson speaks on a panel with Dr. Jackie Bouvier Copeland at the 2019 Grace Hopper conference.Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up new programs...
Apple stops selling some Apple Watches on website over patent dispute
An Apple Watch Ultra 2 device is displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023.Patrick T. Fallon | AFP | Getty ImagesApple has stopped selling the Apple Watch Series 9 and Apple Watch Ultra 2 smartwatches on its...
OpenAI rival Anthropic in talks to raise $750 million funding round
Omar Marques | Lightrocket | Getty ImagesAnthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC.The round would value Anthropic at up...
Coinbase secures crypto license in France, expanding further in Europe
POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesCryptocurrency...
Apple fails in bid to delay Apple Watch sales ban
The Apple Watch Ultra 2 is seen as people lined up to buy the newly launched iPhone 15 and other Apple products at an Apple store in Palo Alto, California, on Sept. 22, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesApple has lost a bid to delay an impending Apple...
Electric scooter company Bird files for bankruptcy
A banner for electric scooter rental company Bird is displayed outside of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021.Spencer Platt | Getty ImagesThe electric scooter company Bird, once valued at $2.5 billion by investors, filed...
Tesla blamed drivers for failures of parts it long knew were defective
A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla's Model Y has become the world's best selling car in the first quarter of 2023. Brandon Bell | Getty ImagesShreyansh Jain was ecstatic in March when he picked up his first electric...
Activision Blizzard CEO Bobby Kotick to step down
Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles.Jesse Grant | CNBCActivision Blizzard CEO Bobby Kotick will step down from his role as head of the video game company on Dec. 29, according to an internal memo from...
Apple Pay, Card, Cash and Wallet affected by hourslong outages
Several of Apple's payment features, including Apple Pay, have been experiencing outages since early Wednesday morning, according to Apple's system status page.Apple Card, Cash, Pay and Wallet outages began at 6:15 a.m. for some users and have yet to be fixed. The...
AI cannot be named as an ‘inventor,’ top UK court says in patent dispute
Middlesex guildhall is home of Supreme Court of United Kingdom.David Bank | Moment | Getty ImagesArtificial intelligence cannot be listed as an inventor on a patent application, the U.K.'s highest court ruled Wednesday, in a decision likely to have a significant...
FTC bars Rite Aid from using facial recognition under settlement
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City.Spencer Platt | Getty ImagesThe Federal Trade Commission proposed to bar Rite Aid from using facial recognition software in its drugstores for five years to settle allegations it improperly used...
Tesla drivers had highest accident rate, BMW drivers most DUIs: study
Tesla Model Y, equipped with FSD system. Three front facing cameras under windshield near rear view mirror. Mark Leong | The Washington Post | Getty ImagesTesla drivers in the U.S. were involved in accidents at a higher rate than drivers of any other brand of vehicle...
Alphabet to limit election queries Bard and AI-based search can answer
Omar Marques | Sopa Images | Getty ImagesAlphabet's Google said on Tuesday it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run up to 2024 U.S. Presidential election.The...
SEC charges ex-CEO of Stimwave with fraud, says some devices were fake
The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., May 12, 2021.Andrew Kelly | ReutersLaura Tyler Perryman, co-founder and former CEO of the medical device startup Stimwave Technologies, was charged with allegedly...
Venture capital firms expect fundraising in Southeast Asia to pick up in 2024
Smart farm and Automatic robot mechanical arm harvesting vegetablesVithun Khamsong | Moment | Getty ImagesVenture capital firms in Southeast Asia expect fundraising to pick up in 2024, but tech firms need to demonstrate "clear" and "viable" paths to...
An abused wife took on Tesla over tracking tech. She lost.
San Francisco police Sergeant David Radford contacted Tesla in May 2020 with a request on a case: Could the automaker provide data on an alleged stalker's remote access to a vehicle?A woman had come into the station visibly shaken, according to a police report. She...
Affirm stock pops more than 15% on expanded Walmart partnership
Customers shop at a Walmart store in Chicago on May 18, 2023.Scott Olson | Getty ImagesAffirm stock popped more than 15% Tuesday after the company announced it is expanding its partnership with Walmart to self-checkout kiosks in more than 4,500 of the retailer's U.S....
FTX resolves dispute with Bahamian liquidators
This illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in the background in Arlington, Virginia on February 10, 2022.Olivier Douliery | AFP | Getty ImagesBankrupt crypto...
Google to pay $700 million to U.S. consumers, states in Play store settlement
UKRAINE - 2021/10/06: In this photo illustration a Google Play Store logo is seen on a smartphone. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesAlphabet's Google has agreed to pay $700 million...
VR market shrinking as Meta pours billions of dollars into metaverse
An attendee wears a Meta Platforms Inc. Oculus Quest 2 virtual reality (VR) headset at the Telefonica SA stand on day two of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Tuesday, Feb. 28, 2023.Angel Garcia | Bloomberg | Getty...
GPT and other AI models can’t analyze an SEC filing, researchers find
Patronus AI cofounders Anand Kannappan and Rebecca QianPatronus AILarge language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus...
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor
The company logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Brendan Mcdermid | ReutersTaiwan Semiconductor Manufacturing Company Chairman Mark...
Tesla to raise pay rate for hourly Nevada Gigafactory workers in Jan.
Security gate outside the Tesla Motors Gigafactory site east of Reno, Nevada.David Calvert | The Washington Post | Getty ImagesTesla has informed workers at its battery factory in Sparks, Nevada, that some set-rate hourly workers there will see pay increases around...
Illumina to divest cancer test maker Grail after antitrust battles
Rafael Henrique | Lightrocket | Getty ImagesGene sequencing company Illumina said on Sunday it will divest cancer diagnostic test maker Grail after the companies battled both U.S. and European antitrust enforcers for more than two years and faced fierce opposition...
Apple to pause some Apple Watch sales after intellectual property dispute
Apple Watch Ultra 2 is seen as people lined up to buy the newly launched iPhone 15 and other Apple products outside of the Apple store in Palo Alto, California, United States on September 22, 2023. Tayfun Coskun | Anadolu Agency | Getty ImagesApple will pause U.S....
Meta’s stock wrapping up record year, spurred by cost cuts
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 ImagesLast year at this time, Meta was navigating a crisis of confidence that had pushed its stock...
Adobe and Figma call off $20 billion merger
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012.David Paul Morris | Bloomberg | Getty ImagesAdobe and Figma, the cloud-based design tool, will terminate their...
EU opens infringement proceedings against X
SUQIAN, CHINA - OCTOBER 28, 2023 - Photo illustration X, Suqian, Jiangsu Province, China, October 28, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing | Future Publishing | Getty ImagesThe European Union has opened...
SenseTime shares plunge to an all-time low after founder’s death
A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China.Visual China Group | Getty ImagesShares of Chinese artificial intelligence company SenseTime plunged as...
Metaverse firm Improbable sells gaming unit for $97 million
Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon.Henrique Casinhas | Sopa Images | Lightrocket | Getty ImagesMetaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer...
Techno-optimists, doomsdayers and Silicon Valley’s riskiest AI debate
WASHINGTON, DC - SEPTEMBER 13: OpenAI CEO Sam Altman speaks with reporters on his arrival to the Senate bipartisan Artificial Intelligence (AI) Insight Forum on Capitol Hill in Washington, DC, on September 13, 2023. (Photo by Elizabeth Frantz for The Washington Post...
DocuSign shares spike on report company is exploring a sale
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 ImagesDocuSign shares rose as much as 15% and closed up 12% on Friday after...
Activision Blizzard agrees to settle California sex discrimination case
Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles.Jesse Grant | CNBCMicrosoft-owned Activision Blizzard has agreed to settle a case from a California state agency that alleged the video game publisher discriminated...
Fake TikTok accounts spread Russia-Ukraine war propaganda to millions
Picture Alliance | Getty ImagesLONDON — Fake TikTok accounts have spread disinformation on Russia's war in Ukraine to millions of people, new data from the Chinese social media giant shows.Posts on the video-sharing site targeted Ukrainian and Russian users, as well...
Amazon courts sellers at China summit as Temu and Shein gain momentum
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021.Michael Nagle | Bloomberg | Getty ImagesAmazon is making a fresh appeal to China-based sellers as it fends off growing...
Intel unveils Gaudi3 AI chip to compete with Nvidia and AMD
Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022.Jonathan Ernst | ReutersIntel unveiled...
Pig butchering scam results in four indictments, two arrests: DOJ
Las Vegas Review-journal | Tribune News Service | Getty ImagesFederal prosecutors have disrupted a so-called pig-butchering scheme that cost victims more than $80 million, the U.S. Department of Justice announced Thursday.Four men have been indicted and two arrests...
CrowdStrike CEO George Kurtz on China, Microsoft and the SEC
CrowdStrike Chief Executive George Kurtz is photographed in the company's offices.Katie Falkenberg | Los Angeles Times | Getty ImagesCrowdStrike CEO George Kurtz has had a banner year. The cybersecurity firm has seen its stock price surge more than 135%, beating out...
GM’s Cruise laying off 900, or 24% of its workforce: Read the memo
General Motors' Cruise on Thursday announced internally that it will lay off 900 employees or 24% of its workforce, the company confirmed to CNBC.The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for...
Putin quizzed by apparent AI version of himself during live phone-in
Russian President Vladimir Putin gestures during his combine call-in-show and annual press conference on December 14, 2023 in Moscow, Russia.Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin was asked a question by what appeared to be an...
LinkedIn shelved plan to migrate to Microsoft Azure cloud
Microsoft CEO Satya Nadella arrives at federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesLinkedIn has set aside an effort to relocate its data center technology out of its physical facilities and into Microsoft's Azure cloud,...
Zuckerberg says Threads will dip its toe in the ‘fediverse’ as it opens to Europe
Meta will begin testing a system that allows posts from its microblogging platform Threads to appear on other social media services, CEO Mark Zuckerberg said Wednesday.The announcement, which had been eagerly anticipated by some technologists, is a significant step...
Amazon wins $270 million tax fight with the EU
Products are seen on a conveyor belt 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 on November 27, 2023 in Tampa, Florida. Octavio Jones | Getty...
Musk’s X hit with complaint alleging it broke Europe’s privacy laws
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's X has been hit with a complaint from privacy activist Max Schrems, which alleges the...
Adobe (ADBE) Q4 earnings report 2023
Adobe CEO Shantanu Narayen.Linda Dimyan | CNBCAdobe shares dropped more than 6% in extended trading Wednesday after the software maker posted a lighter-than-expected forecast for 2024.Here's how the company did, compared to consensus estimates from LSEG, formerly...
GM’s Cruise dismisses nine key leaders amid safety probe
A Cruise self-driving car, which is owned by General Motors, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersGeneral Motors' Cruise autonomous vehicle unit has dismissed nine "key leaders" amid ongoing safety investigations...
ChatGPT back online after ‘major outage,’ OpenAI says
Harun Ozalp | Anadolu | Getty ImagesOpenAI on Thursday said that a major outage on its artificial intelligence chatbot, ChatGPT, was resolved.ChatGPT had issues for around 40 minutes, during which the service was "intermittently unavailable."OpenAI also said that some...
Online retailer Temu files fresh lawsuit against rival Shein in U.S.
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store.Bloomberg | Bloomberg | Getty ImagesChinese low-cost online retailer Temu has launched a new lawsuit against its rival Shein over copyright concerns and "mafia-style...
How to stop Dropbox from sharing your personal files with OpenAI
Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San FranciscoMatt Winkelmeyer | Dropbox | Getty ImagesIf you've used any of Dropbox's AI tools, some of your documents and files may have been...
OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT
Sam Altman, CEO of OpenAI, during the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesOpenAI and Axel Springer, the global news publisher, have struck an unprecedented deal that allows ChatGPT...
How doctors are using Google’s new AI models for health care
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 on Wednesday announced MedLM, a suite of new health-care-specific artificial...
Twilio hires Qatalyst to advise on shareholder, activist defense
Jeff Lawson CEO, TwilioScott Mlyn | CNBC Cloud software developer Twilio has hired Qatalyst Partners, the investment bank founded by Frank Quattrone, to advise on its defense against a group of activist investors, according to two people with knowledge of the...
Software fix rolls out after regulators recall 2 million cars
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City.Michael M. Santiago | Getty ImagesTesla is recalling around 2 million of its vehicles in the U.S. to fix...
Tesla recalls nearly all vehicles sold in U.S. to fix system that monitors drivers using Autopilot
Tesla is recalling nearly all of the vehicles it sold in the U.S., more than 2 million across its model lineup, to fix a defective system that's supposed to ensure drivers are paying attention when they use Autopilot.Documents posted Wednesday by U.S. safety...
Why the Cybertruck is so hard to manufacture
When Tesla unveiled its vision for an electric truck in November 2019, it shocked the world. The Cybertruck, featuring an unconventional design and clad in a custom stainless steel alloy, was equally captivating and divisive. Originally slated for a 2021 release, the...
Google’s loss to Epic will likely have little impact in the near-term
The logo of Google Play is seen on a screen.Alexander Pohl | NurPhoto | Getty ImagesA federal jury decided on Monday that Google's app store has benefited from anticompetitive behavior, but it could take a long time before the company faces any potential changes to...
Apple introduces Stolen Device Protection mode to prevent iPhone theft
Apple's Stolen Device Protection seen in a beta version of iOS.CNBC/Kif LeswingApple will introduce a new security mode for iPhones that can protect users when thieves or other attackers learn their private passcode.The feature, Stolen Device Protection, creates a...
Samsung and ASML to build an advanced chip plant in South Korea
Dutch manufacturer of chip-making equipment ASML will jointly invest 1 trillion South Korean won ($760 million) with South Korean chipmaker Samsung Electronics to build a plant that develops cutting-edge semiconductor processing technology in South Korea.The...
Pleo appoints new CFO as it looks to get in shape for IPO
The Pleo app pictured on a smartphone next to one of the fintech firm's corporate cards.PleoDanish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive team — a sign the company is readying itself...
OpenAI nonprofit arm $45,000 in 2022 revenue, company worth billions
Sam Altman, CEO of OpenAI, during the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesOpenAI is valued by private investors at $86 billion, due in part to the popularity of ChatGPT. But if...
Why Epic did better against Google than Apple in court
Google CEO Sundar Pichai (L), and Epic Games CEO Tim Sweeney.ReutersA federal court jury decided late on Monday that Google's Android app store, Google Play, uses anticompetitive practices that hurt consumers and software developers.The verdict is a significant win...
Epic Games wins antitrust lawsuit against Google over barriers to its Android app store
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...
Oracle stock down more than 10% on light cloud revenue
Larry Ellison, co-founder and chairman of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Tuesday, Oct. 3, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares fell more than 10% at market open Tuesday...
After crisis, Israel’s economy always comes back stronger
Visitors enter the Tel Aviv Stock Exchange in Tel Aviv, Israel, on Tuesday, Nov. 7, 2023.Bloomberg | Bloomberg | Getty ImagesAnchored in a culture of entrepreneurship and adaptability, Israel is globally recognized as the world's "Startup Nation" for its cross-sector...
Microsoft partners with labor group to quell concerns AI taking jobs
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft on Monday announced a partnership with a major labor group, which represents 60 unions and 12.5 million workers, to create an...
More than 15% of teens on YouTube or TikTok almost constantly
People walk past a billboard advertisement for YouTube in Berlin, Germany, on Sept. 27, 2019.Sean Gallup | Getty ImagesTeenagers in the U.S. are glued to YouTube and TikTok, with nearly 1 in 5 saying they use the video-streaming apps "almost constantly," according to...
Snap stock climbs to highest price in a year on Wells Fargo upgrade
Evan Spiegel, CEO and co-founder of Snap Inc.Adam Galica | CNBCShares of Snap notched their highest price in over a year on Monday after analysts at Wells Fargo released a bullish report on the stock.The analysts upgraded the shares from equal weight to overweight and...
Apple iOS 17.2 released with new Journal app: Here’s what’s new
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California, on June 22, 2020.Brooks Kraft | Apple, Inc. | via ReutersApple released an artificial intelligence-powered journal app...
Amazon drone delivery executive who oversaw FAA relations departs
Amazon has lost a high-profile executive in its drone delivery unit who was the company's primary liaison with federal regulators, CNBC has learned.Sean Cassidy, Prime Air's director of safety, flight operations and regulatory affairs, announced his departure from the...
Oracle (ORCL) Q2 earnings report 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 shares dropped more than 9% in extended trading Monday after the...
TikTok, GoTo team up in Indonesia, threatening e-commerce giant Shopee
BRAZIL - 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesShopee, the e-commerce arm...
Broadcom stock spikes, on pace for best day in a year
Hock Tan, CEO of Broadcom.Martin H. Simon | Bloomberg | Getty ImagesBroadcom shares jumped about 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares are currently trading around $1,034.Citigroup...
SumUp defies fintech funding slump with $307 million fundraise
SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company "more firepower to act on opportunities," including acquisitions and new country launches.SumUpBritish payments startup SumUp, known for its small card readers, on Monday announced...
Apple iPad Pro, iPad Air and iPad Mini refresh coming next year: Report
iPad MiniSource: Apple Inc.Apple will overhaul its iPad family next year to make it less confusing for customers and to recharge slumping sales, according to Bloomberg. New versions of the iPad Pro and iPad Air are reportedly coming as soon as March.Apple didn't...
Rakuten plans to launch its own AI model: CEO
The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019.Paco Freire| SOPA Images | LightRocket via Getty ImagesJapan's Rakuten plans to launch its own proprietary artificial intelligence language model, its CEO told CNBC in an interview...
Bitcoin shows wild side again, dropping $3,000 in minutes over weekend
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin fell Monday as investors took profits after its December rally.The price of the cryptocurrency...
Elon Musk reactivates Alex Jones’ X accounts
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesElon Musk has reinstated the account of conspiracy theorist...
Ray-Ban Meta smart glasses review
The Ray-Ban Meta Headliner smart glasses.Jake Piazza | CNBCMeta released the second generation of its Ray-Ban glasses in October. I've been testing them over the last couple of weeks and I really like them, even after factoring in the premium you pay in comparison to...
EU agrees to landmark rules governing AI after ChatGPT takes off
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany.Kirill...
Google faces controversy over edited Gemini AI demo video
Google is facing scrutiny over its demonstration video for its newly launched AI model, Gemini.On Wednesday, just weeks before the year's end, Google launched what it considers its largest and most capable artificial intelligence model Gemini and presented a...
DJ duo The Chainsmokers want to use AI to clone their own voices
Generative AI poses a challenge to the idea that creativity is uniquely human. Music is an art form where experiments testing this edge are multiplying, and raising tensions. AI can make the music production process easier and more accessible, but it's also beginning...
Rakuten makes first mobile foray into Europe as debt overhangs firm
Rakuten CEO Hiroshi Mikitani attends the Rakuren Expo 2022 at Grand Prince Hotel Shintakanawa on July 21, 2022 in Tokyo, Japan.Jun Sato | Wireimage | Getty ImagesRakuten and German telco 1&1 on Friday launched a mobile network based on a new type of architecture...
75-year-old tech mogul betting $1 billion of his fortune on AI future
Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology.SAIGroupBillionaire Silicon Valley technology leader Romesh Wadhwani recently celebrated his 75th birthday with...
Google weighing ‘Project Ellmann,’ uses Gemini AI to tell life stories
A team at Google has proposed using AI technology to create a "bird's-eye" view of users' lives using mobile phone data such as photographs and searches.Dubbed "Project Ellmann," after biographer and literary critic Richard David Ellmann, the idea would be to use LLMs...
Microsoft’s investment in OpenAI faces initial review from UK CMA
Jaap Arriens | Nurphoto | Getty ImagesThe U.K.'s competition watchdog has opened an initial review into Microsoft's mammoth investment into ChatGPT-creator OpenAI, making it the first major regulator to flag potential competition concerns over the tech giant's...
AMD stock spikes after company launches AI chip to rival Nvidia
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 9.9% Thursday to close at $128.37, marking the stock's best day since May and the highest close...
Crown Castle CEO to retire, handing win to activist investor Elliott
Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCCrown Castle announced Thursday that CEO Jay Brown is retiring, the same day activist fund Elliott Management sent a letter calling for a new...
Elon Musk considers reinstating Alex Jones’ X account
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesElon Musk said Thursday that he'd consider letting Alex Jones...
Elon Musk asks SCOTUS to undo SEC ‘Twitter sitter’ agreement
Tesla and SpaceX CEO Elon Musk.Kirsty Wigglesworth | ReutersTesla CEO Elon Musk is asking the U.S. Supreme Court to undo a settlement agreement that he and the automaker struck with the Securities and Exchange Commission requiring a company lawyer, or a "Twitter...
17LIVE goes public via Singapore’s first SPAC merger
A live-streamer at a 17LIVE event.17LIVEIn a first for Singapore, shares of 17LIVE began trading Friday following the Asian livestreaming company's merger with a special-purpose acquisition company.Shares of 17LIVE fell 2.06% to 3.80 Singapore dollars ($2.84) after...
Amazon tests grocery subscription service for Prime members
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on Oct. 7, 2020.David Paul Morris | Bloomberg | Getty ImagesAmazon is piloting a new grocery subscription...
PayPal shares slide after Amazon drops Venmo as payment option
The Venmo logo displayed on a smartphone.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesAmazon notified users late Wednesday it will soon stop accepting Venmo as a payment method.The company said it will no longer let users pay using Venmo beginning Jan....
Google stock up after company announces Gemini AI model
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium January 20, 2020.Yves Herman | ReutersShares of Google popped more than 5% Thursday, a day after the company announced its latest...
2024 CNBC Disruptor 50 list nominations
CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges.The deadline for submissions is Friday, Feb. 16 at...
IBM CEO Arvind Krishna CNBC interview
IBM is angling hard for an AI comeback story, and CEO Arvind Krishna is counting on a recent pivot to get it there. Since May, the company has reintroduced the Watson brand as part of the company's larger strategy shift to monetize its AI products for businesses....
Microsoft’s president meets with the Chinese government to talk A.I.
Microsoft CEO Brad Smith participates in a meeting at The Westin Palace Hotel, on 20 May, 2022 in Madrid, Spain.Cezaro De Luca | Europa Press | Getty ImagesMicrosoft President Brad Smith met with China's Minister of Commerce Wang Wentao on Wednesday to discuss topics...
Robinhood launches crypto trading service in the EU
Robinhood logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesOnline brokerage...
‘If I was the government, I’d close it down’
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase...
Meta and Microsoft to buy AMD’s new AI chip as alternative to Nvidia
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, Jan. 4, 2023.David Becker | Getty ImagesMeta, OpenAI, and Microsoft said at an AMD investor event Wednesday they will use AMD's newest AI chip, the Instinct...
Meta to expand encryption on Messenger making it similar to WhatsApp
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta said Wednesday evening that the personal calls and chats of every Messenger user will be encrypted by default, representing a major privacy update that makes the service more similar to its sibling WhatsApp.Because of...
Ex-Twitter security exec sues X for wrongful termination, retaliation
A former Twitter security chief has filed a lawsuit against X, alleging he was fired after objecting to various cost-cutting measures enacted shortly after Elon Musk bought the company last year.Attorneys representing Alan Rosa, who was Twitter's global head of...
Facebook content enabled child sexual abuse: New Mexico lawsuit
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 |...
Google launches its largest and ‘most capable’ AI model, Gemini
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...
Apple and Google phone users spied on through phone push notifications
Google CEO Sundar Pichai (L) and Apple CEO Tim Cook (R) listen as U.S. President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023.Anna Moneymaker | Getty ImagesU.S....
Why a ‘thirsty’ generative AI boom poses a problem for Big Tech
Dubai, UNITED ARAB EMIRATES — A global rush for the next wave of generative artificial intelligence is increasing public scrutiny on an often-overlooked but critically important environmental issue: Big Tech's expanding water footprint.Tech giants, including the likes...
TikTok parent ByteDance offers share buyback at $268 billion valuation
Sheldon Cooper | LightRocket | Getty ImagesTikTok parent ByteDance plans to spend up to $5 billion buying back stock, a person familiar with the matter told CNBC, as one of the world's most valuable startups seeks to give shareholders a chance to cash out of their...
Reid Hoffman says we don’t know why OpenAI board forced out Sam Altman
Reid HoffmanAnjali Sundaram | CNBCThree weeks after OpenAI's board briefly pushed out CEO Sam Altman without providing a specific reason for its decision, former director Reid Hoffman says he's still puzzled by what took place and why. "Reading the blog post was like,...
Apple’s market cap closes above $3 trillion
Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023.Alexi Rosenfeld | Getty ImagesApple's market cap closed at about $3 trillion for the first time since August...
Elon Musk’s AI startup — X.AI — files to raise $1 billion
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 ImagesX.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1...
Waymo chief product officer on progress, competition vs Cruise
Passengers ride in an electric Waymo full self-driving technology in Santa MonicaAllen J. Schaben | Los Angeles Times | Getty ImagesWaymo, Alphabet's self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals:...
Bitcoin tops $43,000 for the first time since April 2022 as ETF optimism grows
Jaap Arriens | NurPhoto | Getty ImagesBitcoin is building on its upward momentum, with the flagship cryptocurrency topping $43,000 for the first time since April 2022 on Tuesday. The price of bitcoin rose nearly 4% to $43,478.00, according to Coin Metrics, extending...
YouTuber sentenced to prison after intentionally crashing plane
YouTuber Trevor Daniel Jacob appears ready to jump from his plane, which later crashed.TrevorJacob via YouTubeA California man was sentenced to six months in federal prison on Monday for allegedly lying to federal authorities when they were investigating an airplane...
Airbnb CFO to move to new role with focus on growth, Brian Chesky says
Dave Stephenson, who will become Airbnb CFO in Jan. 2019.Airbnb CFO Dave Stephenson, who helped guide the company through Covid-19 tumult and an initial public offering, will transition into a newly created chief business officer role, Airbnb CEO Brian Chesky said in...
How to send a digital gift card on Amazon, Venmo or Cash App
Jeff Greenberg | Universal Images Group | Getty ImagesDon't panic if you miss the window to order a gift for someone during the holidays, or are in a faraway state and don't want to deal with shipping. It's easy to give a digital gift card that can save you in a...
Startup Orchid launches test to identify genetic defects in IVF embryos
Noor Siddiqui, founder and CEO of Orchid, during the web summit for careers during Day 2 of the 2014 Web Summit in Dublin, Ireland, Nov. 5, 2014.Stephen McCarthy | Getty ImagesReproductive technology startup Orchid on Tuesday announced a comprehensive new genetic test...
Nio earnings report Q3 2023
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 ImagesNio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market...
Rockstar Games publishes Grand Theft Auto trailer early after it was leaked on X
Strauss Zelnick, CEO of Take Two Interactive.Adam Jeffery | CNBCShares of video game publisher Take-Two Interactive Software fell as much as 4% in extended trading on Monday after the company released its trailer for the next version of the Grand Theft Auto game,...
Uber shares pop as company is slated to join S&P 500
Uber CEO, Dara Khosrowshahi speaks during the "Intentional Equity in Sustainability" conversation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesShares of...
Company to cut 5% of employees
Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023.Lionel Ng | Bloomberg | Getty ImagesSoftware provider Twilio said Monday it would lay off roughly 5% of its workforce citing...
OpenAI COO Brad Lightcap interview with CNBC
Weeks before OpenAI launched ChatGPT in November 2022, the buzzy artificial intelligence company's executive team devoted an entire meeting to debating one question: should they even release the tool? "If you know Sam [Altman], he likes to cycle through topics at a...
Spotify to lay off 17% of employees, CEO Daniel Ek says
It comes after Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on marketing and personnel.Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books.The...
Bitcoin price at $100,000 in 2024? Crypto execs say bull run has begun
Yuichiro Chino | Moment | Getty ImagesExecutives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.Bitcoin has rallied more than 120% this year, with...
Meta AI chief Yann LeCun skeptical about AGI, quantum computing
Yann LeCun, chief AI scientist at Meta, speaks at the Viva Tech conference in Paris, June 13, 2023.Chesnot | Getty Images News | Getty ImagesMeta's chief scientist and deep learning pioneer Yann LeCun said he believes that current AI systems are decades away from...
How Rio Tinto is poised to benefit from the EV boom
Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy.Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to...
Uber shares pop on inclusion in S&P 500
Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBCUber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air...
Amazon broke federal labor law by racially disparaging union leaders
Amazon and consultants for the company violated federal labor law by interrogating and threatening employees regarding their union activities, and racially disparaging organizers who were seeking to unionize a Staten Island warehouse, a National Labor Relations Board...
UiPath stock spikes after earnings beat, generative AI integration
Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin on December 12, 2019 in Berlin, Germany.Noam Galai | Getty ImagesUiPath stock popped more than 20% on Friday, one day after the company released quarterly...
How Apple makes its own chips for iPhone and Mac, edging out Intel
Apple's soaring stock price over the past two decades has been driven by its iconic consumer devices. It started with the iPod and iMac. Then came the iPhone and iPad. And more recently, the Apple Watch and AirPods.But there's a lot more to the biggest U.S. company by...
Coinbase jumps in November as FTX, Binance founders brace for prison
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesIn a month that saw two of the crypto industry's leading...
Elon Musk takes stage at Tesla Cybertruck deliveries event in Austin
Tesla CEO Elon Musk took the stage to reveal details about the company's new and unconventional Cybertruck pickup on Thursday in Austin, Texas, one day after he appeared in a bizarre interview at the DealBook Summit in New York. At that earlier event, Musk boasted,...
OpenAI tender offer on track despite leadership fracas: sources
Sam Altman, CEO of OpenAI participates in the "Charting the Path Forward: The Future of Artificial Intelligence" at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.Andrew Caballero-Reynolds | AFP | Getty...
Read Linda Yaccarino’s message to X employees about Musk interview
Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. Jerod Harris | Getty Images Entertainment | Getty ImagesLinda Yaccarino sent a memo to employees...
Federal judge blocks Montana’s TikTok ban, which would have been the first of its kind
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users.Jaap Arriens | Nurphoto | Getty ImagesA federal judge in Montana has blocked a law that would have resulted in a state-wide ban of TikTok starting on Jan. 1, 2024.Judge...
Robinhood CEO says payment for order flow is ‘here to stay’
Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021.Source: The NasdaqRobinhood CEO Vlad Tenev says he doesn't believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in...
One tiny country drove 15% of Nvidia’s revenue – here’s why it needs so many chips
Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesAs Nvidia posted stellar...
Google could delete your old Gmail account as soon as Friday
The Gmail application is seen on a portable device on Dec. 6, 2017.NurPhoto | NurPhoto | Getty ImagesGoogle will begin deleting inactive Gmail accounts as soon as Friday under a new security policy. If you have a Google account that you haven't used in a while, here's...
Nashville’s heath tech startup scene is booming. Here’s why.
NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. (Photo by Robert Alexander/Getty Images)Robert Alexander | Archive Photos | Getty ImagesOn a flight from...
X CEO addresses Musk’s ‘go f— yourself’ comment to advertisers
Linda Yaccarino: CEO of X speaking with CNBC's Sara Eisen on Aug. 10th, 2023.CNBCX CEO Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers during what she called a "wide ranging" and "candid" interview with CNBC's Andrew Ross Sorkin at the...
FTC chair Khan defends her tenure, doesn’t subscribe to Amazon Prime
Federal Trade Commission Chair Lina Khan speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023.Michael M. Santiago | Getty ImagesFederal Trade Commission Chair Lina Khan defended her track record in court when it comes to blocking...
Salesforce (CRM) Q3 earnings report 2024
Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSalesforce shares rose...
Meta Q3 threats report shows risk of China influence ahead of election
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 ImagesIn its latest quarterly report on adversarial threats, Meta said on...
Elon Musk says advertisers trying to ‘blackmail’ him: ‘Go f— yourself’
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesSpeaking at the 2023 DealBook Summit in New York on Wednesday,...
Zepz, a $5 billion fintech unicorn, is laying off more staff
Zepz, which owns the WorldRemit and Sendwave brands, has a headcount of around 1,600.Sopa Images | Lightrocket | Getty ImagesZepz, the money transfer group that owns WorldRemit, made a fresh round of layoffs.The British fintech unicorn, which is backed by TCV, Accel,...
Elon Musk says he won’t vote for Biden over Trump
Elon Musk said Wednesday that he won't vote for President Joe Biden in the 2024 election, even if former president Donald Trump is the Republican nominee."I would not vote for Biden," Musk said during a wide-ranging interview with Andrew Ross Sorkin at the DealBook...
Microsoft secures non-voting board seat at OpenAI
Sam Altman, chief executive officer (CEO) of OpenAI and inventor of the AI software ChatGPT, joins the Technical University of Munich (TUM) for a panel discussion. Sven Hoppe | Picture Alliance | Getty ImagesMicrosoft will have a non-voting board seat at OpenAI, the...
Robinhood to launch in the UK in latest international expansion bid
A woman's silhouette holds a smartphone with the Robinhood Markets logo in the background.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesOnline investments app Robinhood said Thursday that it's set to launch its platform in the U.K. in early 2024, marking...
AI will be ‘fairly competitive’ with humans in 5 years
Nvidia CEO Jensen Huang said Wednesday that artificial intelligence is gaining on humans.Speaking at the New York Times' annual DealBook summit, Huang said that if artificial general intelligence (AGI) is defined as a computer that can complete tests in a "fairly...
Senior executives don’t need pampering, career guidance
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 CEO Jensen Huang offered a glimpse into his unusual management style, including having "50...
U.S. Chipmakers a decade away from China independence
Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)Tom Williams | Cq-roll Call, Inc. | Getty ImagesU.S. chipmakers are at least...
Google Maps new colors upset some, including former designer
Combo shows Google Maps old look and new updated design.Courtesy: Google MapsIf you want to spark a good-hearted debate at the office water cooler, ask your coworkers what they think about the new Google Maps color scheme.The new update, which has been out for weeks,...
OpenAI competitors Hugging Face and Cohere report increased inquiries
Hugging Face CEO Clement Delangue (R) departs the closed-door "AI Insight Forum" outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Chip Somodevilla | Getty ImagesArtificial intelligence...
Apple is trying to unwind its Goldman Sachs credit card partnership
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California.Michael Kovac | Getty Images Entertainment | Getty...
Meta updates political ad rules to cover AI-generated images, videos
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 |...
Okta hackers stole data on all customer support users, company says
In this photo illustration, an Okta logo is displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesHackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in...
Pinduoduo transaction revenue up 315% as Chinese consumers hunt for bargains
Chinese flag waving in front of Shanghai cityscape.Eternity in an Instant | Stone | Getty ImagesConsumers in China are hunting for bargains when they spend, the latest earnings from online retailers show.Chinese e-commerce giant Pinduoduo posted 94% growth in...
Amazon announces Q, an AI chatbot for businesses
Amazon Web Services CEO Adam Selipsky speaks at the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon on Tuesday announced a new chatbot called Q for people to use at work.The product, announced at Amazon...
Amazon reveals Trainium2 AI chip while deepening Nvidia relationship
Amazon Web Services CEO Adam Selipsky speaks at the Collision conference in Toronto on June 27, 2023.Chloe Ellingson | Bloomberg | Getty ImagesAmazon's AWS cloud unit announced its new Trainium2 artificial intelligence chip and the general-purpose Graviton4 processor...
Amazon touts record sales in kickoff to holiday shopping season
Packages travel on a conveyor during Cyber Monday at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. Mike Segar | ReutersAmazon said Tuesday it rang up "record-breaking" sales in the run-up to Cyber Monday as consumers, still...
UK regulators say Adobe’s Figma acquisition could harm competition
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012.David Paul Morris | Bloomberg | Getty ImagesBritain's top competition watchdog said Tuesday that Adobe's...
Activist fund Anson takes Twilio stake, urges board to sell
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018.Michael Nagle | Bloomberg | Getty ImagesActivist investor Anson Funds has built a stake in Twilio...
Tesla beats claim that it fired factory workers amid union campaign
Brand new Tesla cars sit parked at a Tesla dealership on October 18, 2023 in Corte Madera, California. Justin Sullivan | Getty ImagesA U.S. labor board has dismissed claims that Tesla illegally fired employees working on Autopilot software at a New York factory to put...
Europe tech industry funding halves in 2023; AI a bright spot: Atomico
A 3D map showing the continent of Europe.Constantine Johnny | Moment | Getty ImagesVenture capital investment into Europe's tech industry plunged by half in 2023 as investors continued to reel from the effects of high interest rates, according to data from venture...
Chinese AI firm SenseTime falls after short seller allegations
SenseTime, a Chinese artificial intelligence company, has filed to go public in Hong Kong. The move comes as China continues to tighten regulation on the country's technology giants.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of SenseTime fell as...
Flying taxi firm Lilium receives EU approval for its electric jets
German company Lilium produces flying electric passenger drones.LiliumLilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday.Lilium was awarded "Design...
Binance founder Changpeng Zhao has to stay in U.S. after guilty plea
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 | ReutersBinance founder Changpeng Zhao, who pleaded guilty last...
Shopify, Etsy, Wayfair rally after record Black Friday spending online
An Amazon worker moves a package onto a cart at an Amazon delivery station in Alpharetta, Georgia, on Nov. 28, 2022.Justin Sullivan | Getty ImagesShoppers turned out in full force on Thanksgiving and over the Black Friday weekend, largely shunning physical stores for...
Amazon rolls out palm-scanning technology for office workers
Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world.Amazon One Enterprise repackages the company's palm-based payment system as an authentication tool that lets corporate employees...
iRobot (IRBT) drops 19% after EU warns Amazon deal may hurt competition
iRobot's Roomba.Source: iRobotShares of iRobot plunged as much as 19% on Monday after the EU's antitrust watchdog issued a warning that Amazon's planned $1.7 billion acquisition of the Roomba maker raises competition concerns.The European Commission opened an in-depth...
Finnish startup Varjo launches $3,990 XR-4 mixed reality headset
The XR-4 is a mixed reality headset from Finnish startup Varjo that's targeted at the enterprise.VarjoFinnish mixed-reality startup Varjo on Monday launched its latest headset, the XR-4, a product it hopes to sell to large enterprise firms.The headset, which starts at...
Apple iPhone maker Foxconn to invest $1.5 billion in India expansion
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.Bloomberg | Bloomberg | Getty ImagesFoxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple...
Tesla sues Swedish government after postal workers block license plates
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth | ReutersTesla filed a lawsuit against the Swedish Transport Agency on Monday after postal...
Israel hosts wartime visit by Elon Musk, eyes Starlink for Gaza
American billionaire Elon Musk (C) and Israeli delegation, including Prime Minister Benjamin Netanyahu (R), visit the Kfar Aza settlements in southern Israel, one of the locations targeted by Hamas on Oct. 7, in Kfar Aza, Israel on November 2023.GPO Israel | Anadolu |...
Flying taxi firm ilium receives EU approval for its electric jets
German company Lilium produces flying electric passenger drones.LiliumLilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday.Lilium was awarded "Design...
crypto industry can turn page after Binance settlement
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesThe crypto industry can finally close the chapter on a litany of scandals and...
TikTok owner ByteDance axes hundreds of jobs in gaming unit
Sheldon Cooper | LightRocket | Getty ImagesTikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a significant retreat from a segment it has invested billions of dollars in to challenge...
iRobot stock up 39% on report Amazon deal set to get EU approval
iRobot's Roomba.Source: iRobotShares of iRobot, the maker of Roomba vacuums, closed up about 39% on Friday after a report said the European Union is set to approve Amazon's $1.7 billion acquisition of the company.Reuters said Thursday morning the deal is set to "win...
Alibaba (BABA) shakes up cloud unit management after scrapping IPO
The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new leadership positions, as it looks to revive the division after cancelling its public...
Bitcoin rises to new high for the year Friday above $38,000
Yuichiro Chino | Moment | Getty ImagesCrypto prices have recovered from a big dip earlier in the week, with bitcoin hitting a new high for 2023 on Friday.Bitcoin touched a high of $38,015.16 on Friday morning, according to CoinMetrics, its highest level in more than a...
Nvidia shares fall as it reportedly delays new China AI chip
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 fell on Friday with the company reportedly delaying a...
$115 million stolen so far
The logo of HTX, formerly known as Huobi, is seen on the screen of a mobile device in this photo.Nurphoto | Nurphoto | Getty ImagesTwo cryptocurrency platforms linked to high-profile digital entrepreneur Justin Sun were hacked in two exploits that may have stolen an...
How Meta could benefit from the OpenAI shakeup
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 CEO Mark Zuckerberg may not have been directly involved with the drama surrounding Sam...
Global smartphone sales rebound after a 2-year slump: Counterpoint
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California.Justin Sullivan | Getty ImagesGlobal smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery...
Huawei smartphone spin-off Honor plans IPO
The Honor Magic Vs is on display at Honor's stand at Mobile World Congres in Barcelona. The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market.Arjun Kharpal | CNBCHonor, a spin-off of Chinese technology giant Huawei, said on...
Sam Altman’s back. Here’s who’s on the new OpenAI board and who’s out
Sam Altman (L), US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, and the company's co-founder and chief scientist Ilya Sutskever, speak together at Tel Aviv University in Tel Aviv on June 5, 2023.Jack Guez | Afp |...
Binance warned VIP customers about investigations, Treasury says
Binance's Co-founder and CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022.Nurphoto | Getty ImagesBinance's VIP users were granted a set of special privileges, including an early heads-up from the crypto exchange if they...
In OpenAI fallout, open source AI could be among the big tech winners
The Hugging Face website on a laptop arranged in New York, US, on Thursday, Aug. 17, 2023. Nvidia announced a partnership with Hugging Face, a popular developer of AI models and data sets, that will add a training service to its website that uses Nvidia DGX Cloud,...
What’s next for Binance after DOJ settlement, departure of Changpeng Zhao
Binance's Co-founder & CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022. Ben Mcshane | Sportsfile | Getty ImagesOutflows from Binance have amounted to more than $1 billion in the past 24 hours, not including...
Some OpenAI customers are thinking about switching to rivals amid chaos
Jaap Arriens | Nurphoto | Getty ImagesWhen there was a companywide protest at OpenAI after its CEO Sam Altman was ousted, software startup CEO Arjun Bansal began fielding increased calls from customers asking for help to lessen their use of OpenAI's GPT large language...
AI is giving Big Tech ‘inordinate’ power, tech execs say
Tech execs have voiced concern that the development of artificial intelligence is concentrated in the hands of too few companies, potentially giving them excessive control over the rapidly evolving technology.An explosion of interest in AI was sparked by OpenAI's...
Jack Ma halts plans to cut his Alibaba (BABA) stake after shares drop
Founder of Alibaba Group Jack Ma.Wang He | Getty Images News | Getty ImagesAlibaba founder Jack Ma held off on plans to trim his stake in the Chinese e-commerce giant after the share price fell.Ma has not sold a single share, Alibaba's Chief People Officer Jane Jiang...
OpenAI brings Sam Altman back as CEO days after ouster
Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesSam Altman will return as CEO of OpenAI, the startup said early Wednesday morning on X, formerly known as Twitter. The...
Microsoft preparing San Francisco offices for OpenAI employees, even as chaos lingers
A pedestrian walks by a sign at a LinkedIn office on July 26, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesThe status of OpenAI is uncertain at the moment. But Microsoft wants the startup's employees to know they still have a home.The company has...
Nvidia (NVDA) Q3 earnings report 2024
Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street's predictions. But the company called for a negative impact in the next quarter because of export restrictions affecting...
Changpeng Zhao speaks after DOJ plea deal, names Richard Teng new Binance CEO
Binance founder and CEO Changpeng Zhao pleads guilty to felony charges Tuesday related to his failure to prevent money laundering on the crypto exchange platform.King 5 News SeattleAfter pleading guilty to federal criminal charges and stepping down from his post as...
Binance CEO Changpeng Zhao to plead guilty to federal charges, step down
Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Benjamin Girette | Bloomberg | Getty ImagesBinance chief Changpeng Zhao will plead guilty to criminal charges and step...
Cryptocurrencies dip as investors digest regulatory updates from Binance, Kraken
Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy.Antonio Masiello | Getty ImagesCryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory...
X sues Media Matters over report about ads appearing next to Nazi posts
CEO of Tesla Elon Musk says he confronted fellow billionaire Bill Gates about whether he was shorting Tesla's stock. Musk is seen here at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party on April 7, 2022.Suzanne Cordeiro | AFP | Getty ImagesElon...
Microsoft exec says OpenAI employees can join with same compensation
Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023.Dan DeLong | MicrosoftMicrosoft CTO Kevin Scott on Tuesday offered to match compensation for...
Bezos ‘aggressive’ again Tuesday selling more Amazon stock: Sources
Emma McIntyre | Getty Images Entertainment | Getty ImagesJeff Bezos is expected to be "aggressive" in selling more shares of Amazon on Tuesday, sources told CNBC's David Faber.Bezos may sell as many as 8 to 10 million shares, which would amount to more than $1 billion...
Amazon sued by three employees who allege gender discrimination
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021.Chona Kasinger | Bloomberg | Getty ImagesThree Amazon staffers sued their employer on Monday alleging gender...
Look inside this startup’s self-propelled RV as camping goes electric
The $50 billion travel trailer industry is finally hitching up to the electric vehicle ecosystem. Legacy companies such as Winnebago and newcomers such as Lightship and Pebble Mobility are not only electrifying their systems, but they are also changing the vehicle...
X, Snap and Discord subpoenaed by lawmakers about child exploitation
Linda Yaccarino, CEO of X, speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel in Dana Point, California, on Sept. 27, 2023.Jerod Harris | Getty Images Entertainment | Getty ImagesLawmakers said Monday that they have issued...
Nvidia stock closes at all-time high, a day before earnings
Shares of Nvidia closed up 2.3% at an all-time high, topping $504 on Monday. The record comes ahead of the company's fiscal third-quarter results on Tuesday, when analysts are expecting to see revenue growth of over 170%.If that's not astounding enough, the company's...
Barry Silbert sells CoinDesk to ex-NYSE president
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBCAfter months on the market, crypto news site CoinDesk has finally been acquired by a business that's run by the former president of the New York Stock Exchange. Bullish, a digital asset...
Biden joins Meta’s Threads after White House rebukes Elon Musk
U.S. President Joe Biden looks on, as he meets with Mexican President Andres Manuel Lopez Obrador (not pictured) on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S. November 17, 2023.Kevin Lamarque | ReutersThe...
Microsoft CEO Satya Nadella says OpenAI governance needs to change
Microsoft CEO Satya Nadella told CNBC's Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing of CEO Sam Altman."At this point, I think it's very clear that something has to change around the governance,"...
HP, Dell and others to make hardware in India under incentive plan
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India, on Wednesday, June 1, 2022. Chinas Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in...
Plaid taps Adyen executive to lead its European operations
Plaid's new head of Europe, Brian Dammeir.PlaidU.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company told CNBC exclusively.Dammeir was previously Adyen's global head of unified commerce, a role he...
Hundreds of OpenAI employees threaten to follow Altman to Microsoft unless board resigns, reports say
Sam Altman, CEO of OpenAI, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California, on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesHundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, have...
Tech experts react to a chaotic weekend for OpenAI and Microsoft
OpenAI CEO, Sam Altman & and Microsoft CEO, Satya Nadella.Hayden Field | CNBCThe past few days have been chaotic for the AI industry, with technology experts weighing what this could mean for the nascent sector and some of its key players.OpenAI, the company...
Former OpenAI CEO Sam Altman returns to headquarters for talks following his abrupt ouster
Sam Altman, CEO of OpenAI participates in the "Charting the Path Forward: The Future of Artificial Intelligence" at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty...
Who is Emmett Shear, the new OpenAI CEO taking over from Sam Altman?
LISBON, PORTUGAL - NOVEMBER 07: LISBON, PORTUGAL - NOVEMBER 07: Emmett Shear, Twitch, on the Contentmakers 1 Stage Stage during day two of Web Summit 2018 at the Altice Arena on November 7, 2018 in Lisbon, Portugal. In 2018, more than 70,000 attendees from over 170...
Cruise CEO and founder Kyle Vogt resigns
Cruise founder and CEO Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors, according to a company statement sent to CNBC on Sunday.Jordan Vonderhaar | Bloomberg | Getty ImagesCruise CEO and co-founder Kyle Vogt has resigned...
Mastercard partners with Feedzai to detect and tackle crypto 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 ImagesMastercard...
Ousted OpenAI head Sam Altman to lead Microsoft’s new AI team, CEO Nadella says
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023.Carlos Barria | ReutersFormer OpenAI CEO Sam Altman will be joining Microsoft to lead a new advanced AI research team,...
OpenAI is hiring former Twitch chief Emmett Shear as CEO
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016.David Paul Morris | Bloomberg | Getty ImagesOpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence...
OpenAI executive shakeup raises concerns about future of AI
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023.Carlos Barria | ReutersA wide swath of Silicon Valley has hitched its hopes and fortunes over the past few years to the kind...
Read the full memo to employees
OpenAI chief operating officer Brad Lightcap addressed the firing of CEO Sam Altman in a brief message to employees on Saturday.Lightcap wrote in the memo, obtained by CNBC, that everyone was taken by surprise and that he's had many conversations with the board to try...
Musk threatens ‘thermonuclear lawsuit’ against media watchdog, calls advertisers ‘oppressors’
Elon Musk lashed out at large advertisers and Media Matters, a media watchdog group, on Friday after several major brands decided to pause spending on X, the social media platform he owns and runs as CTO.Musk wrote late Friday night, "The split second court opens on...
Sam Altman’s last days as OpenAI CEO gave no indication of trouble
Sam Altman, Chief Executive Officer of OpenAI, and Mira Murati, Chief Technology Officer of OpenAI, speak during The Wall Street Journal's WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty ImagesSam Altman's...
Facebook-parent Meta breaks up its Responsible AI team
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 ImagesMeta has disbanded its Responsible AI division, the team dedicated to...
OpenAI investors push to bring Altman back as CEO day after ouster
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesOpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people...
OpenAI’s structure left Sam Altman vulnerable. Now he’s out
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Leah Millis |...
Here’s who’s on OpenAI’s board — the group behind Sam Altman’s ouster
On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. The announcement came one day after he appeared publicly on behalf of his company at Thursday's APEC CEO Summit.OpenAI's board said it...
Tech stocks wrap up strongest three-week rally since April 2020
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023.I-Hwa Cheng | Bloomberg | Getty ImagesTech investors are marching towards Thanksgiving with plenty of holiday cheer.The Nasdaq rose 2.4% this week, bringing its three-week gains to...
Apple, Disney, Warner, Paramount Global and Lionsgate pause advertising on X
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 |...
OpenAI says Sam Altman exits as CEO after board loses confidence
Sam Altman, Chief Executive Officer of OpenAI, and Mira Murati, Chief Technology Officer of OpenAI, speak during The Wall Street Journal's WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty ImagesOpenAI's board of...
White House blasts Elon Musk for promoting antisemitic, racist ‘hate’
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 ImagesThe White House on Friday...
Amazon cuts ‘several hundred’ jobs in Alexa division
The Amazon Echo Show 8 smart-home device is unveiled during the Amazon Devices and Services event at the HQ2 campus in Arlington, Virginia, US, on Wednesday, Sept. 20, 2023. Amazon.com Inc. previewed a push into generative artificial intelligence with new features for...
E-bike firm Cowboy targets full-year profitability next year
The Cowboy Cruiser.CowboyCowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship.Adrien Roose, Cowboy's CEO and co-founder, told CNBC that he expects the company to...
Germany approves financial reforms to boost its tech industry
BERLIN, GERMANY - NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional...
Ex-Meta staffers sell trust and safety tech during Israel-Hamas war
People using their mobile phones outside the offices of Meta, the parent company of Facebook and Instagram, in King's Cross, London.Joshua Bratt | Pa Images | Getty ImagesLauren Wagner knows a lot about disinformation. Heading into the 2020 U.S. presidential election,...
Alibaba sheds $20 billion in market cap as cloud spinoff scrapped
Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business.Bloomberg | Bloomberg | Getty ImagesChinese e-commerce giant...
Amazon says employees may risk promotion if they ignore RTO mandate
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is dialing up the pressure on corporate employees who haven't complied with the...
IBM stops advertising on X after report says ads ran by Nazi content
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. Sunak convened this week's AI summit in an effort to position...
Google CEO Sundar Pichai compares AI to climate change at APEC CEO Summit
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 ImagesGoogle CEO Sundar Pichai said artificial intelligence is like climate change...
Singapore to pilot wholesale central bank digital currencies in 2024
Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17.Lionel Ng | Bloomberg | Getty ImagesSINGAPORE — Come 2024, Singapore will pilot...
Mastercard says wide adoption of CBDCs would be ‘difficult’ right now
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 ImagesSINGAPORE...
Microsoft is bringing its Copilot chatbot to Windows 10
Microsoft CEO Satya Nadella speaking with CNBC on Nov. 15th, 2023.CNBCMicrosoft said Thursday it will soon start testing the Copilot chatbot in an update to the widely used Windows 10 operating system.Microsoft on Oct. 31 started rolling out an update that features...
Amazon to let dealers sell cars on its site, starting with Hyundai
Attendees view a Hyundai vehicle during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023.Stephanie Keith | Bloomberg | Getty ImagesAmazon next year will allow auto dealers to sell cars through its site, starting...
Elon Musk calls antisemitic tweet ‘the actual truth’
Tesla, SpaceX, and X Corp. leader Elon Musk issued a spate of arguably bigoted tweets on Wednesday that spurred a critical backlash online.First, Musk drew attention to and agreed with an antisemitic conspiracy theory, and then directly accused "Jewish communities,"...
Cisco stock falls 12% on guidance
Cisco's Chairman and CEO Chuck Robbins.Chesnot | Getty Images News | Getty ImagesCisco shares slid 12% Thursday morning, putting shares on pace for the worst day since May 19, 2022 when the stock slipped 13.7%.The fall comes a day after the company reported its...
How to use Google Shopping to find gifts for people this holiday season
Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesGoogle announced Thursday new artificial intelligence tools that can help you with holiday shopping. So, if you're...
Mom and pop shops cut software spending, creating Wall Street jitters
Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he's looking for ways his company can save money. One main area for cuts: software.Martin started the Seattle-based company with his brother, Brenden, to help local...
Alibaba Q2 2023 earnings for September quarter
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 ImagesChinese e-commerce giant Alibaba on Thursday reported quarterly profit that missed market expectations and said...
Cruise is taking all its vehicles off public roads
Kyle Vogt, chief executive office and chief technology officer of Cruise Automation Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesCruise, General Motors' embattled...
Microsoft CEO Nadella says company isn’t focused on China domestically
Microsoft CEO Satya Nadella speaking with CNBC on Nov. 15th, 2023.CNBCMicrosoft is not focused on China as a domestic market, though the company has notable Chinese customers with operations outside the world's second most-populous country, CEO Satya Nadella said on...
Cisco (CSCO) Q1 earnings report 2024
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast...
Solana surges amid altcoin rally, nearly triples its price over the past month
The logo of cryptocurrency platform Solana.Jakub Porzycki | NurPhoto via | Getty ImagesThe price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood.Solana was last higher by...
Microsoft announces new AI features for Outlook, PowerPoint, Teams
Satya Nadella, CEO of MicrosoftCNBCMicrosoft on Wednesday announced a slew of new capabilities coming to the Copilot artificial intelligence add-on for its Microsoft 365 productivity applications.In the year since Microsoft-backed OpenAI introduced the popular ChatGPT...
Microsoft reveals Maia AI processor and Cobalt Arm-based chip
Microsoft unveiled two chips at its Ignite conference in Seattle on Wednesday.The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. The second, a Cobalt 100 Arm chip, is aimed at general...
Apple iPhone 14 gets another free year of satellite Emergency SOS
Apple SOS Assistance.Source: Apple Inc.Apple on Wednesday announced it is granting iPhone 14 users an additional free year of its safety service Emergency SOS via satellite.Emergency SOS via satellite allows users to text emergency services even if they are outside of...
Amazon pitches Astro robot as security guard for business
Astro for Business is aimed at retailers, manufacturers, and other industries as a security guard that can patrol for break-ins and other threats.AmazonAmazon has a new job for its Astro robot: A roving security guard in stores to detect break-ins and other...
Google Maps can now suggest when to leave for Thanksgiving
Gmvozd | E+ | Getty ImagesGoogle Maps is launching new features and issuing tips on when to travel during the holiday season to cut down on stress and travel time, according to blog posts from Wednesday morning.The travel advice is based on data from last year's...
Sonic the Hedgehog owner Sega may bring Yakuza, Persona to big screen
Still from Paramount's "Sonic the Hedgehog 2."ParamountAfter Sega's blockbuster adaptation of its classic Sonic the Hedgehog gaming franchise on the big screen, the company suggested it wants to replicate that success with other hit video games in its arsenal.Speaking...
Google pays Apple 36% of Safari search revenue: Sundar Pichai
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. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Mandel Ngan | AFP | Getty...
X being ‘overrun by trolls and lunatics’ after Musk takeover: Wikipedia founder
LISBON — Wikipedia founder Jimmy Wales slammed X, formerly known as Twitter, after its takeover by Elon Musk, saying the social media service is losing users and has been "overrun by trolls and lunatics."The comments continue a war of words between the two...
IMF says central bank digital currencies can replace cash
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesSINGAPORE — Central bank digital currencies have the potential to replace cash,...
Snap shares jump on advertising deal with Amazon
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021.Michael Nagle | Bloomberg | Getty ImagesSnap shares rose 8% on Tuesday after the company confirmed a deal...
Airbnb acquires AI startup for just under $200 million
LOS ANGELES, CA - NOVEMBER 17: Airbnb CEO Brian Chesky speaks onstage during "Introducing Trips" Reveal at Airbnb Open LA on November 17, 2016 in Los Angeles, California. (Photo by Mike Windle/Getty Images for Airbnb)Mike Windle | Getty Images Entertainment | Getty...
Apple gets 36% of Google search revenue from Safari: Alphabet witness
Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023.Jose Luis Magana | APGoogle pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies' search...
Why the U.S. has lost thousands of high-skilled workers to Canada
As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. "The highly educated foreign national is really at the mercy of...
Why oil companies Shell and BP are building solar on farmland
At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock's shepherd, Amanda Stoffels, watches over it as the sheep munch on the grass and nap in the shade provided by the panels.Stoffels owns...
British fintech Wise reports 234% jump in profit
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish fintech firm Wise nearly quadrupled pre-tax profits in its half-year results out on Tuesday, citing a boost from higher interest rates.Wise reported...
Net profit jumps 11%, beats estimates
Hon Hai Group's headquarters, in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesApple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts' expectations despite...
GoCardless considers takeovers amid payments industry consolidation
Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal.Harry Murphy | Sportsfile | Getty ImagesGoCardless, the British fintech company backed by Alphabet's venture capital fund GV, is considering more mergers...
Amazon cuts more than 180 jobs in gaming division
Jakub Porzycki | Nurphoto | Getty ImagesAmazon on Monday announced it will cut more than 180 jobs in its Amazon Games division as it refocuses its efforts on Prime Gaming, according to an internal company memo viewed by CNBC.The company will close its Game Growth and...
Salesforce appoints longtime executive Denise Dresser as Slack CEO
Newly appointed Slack CEO Denise Dresser, Rocket Mortgage Chief Marketing Officer Casey Hurbis and Boston Consulting Group Managing Director and Partner Shilpa Sharma speak during Vox Media's Code Conference in Beverly Hills, California, on Sept. 7, 2022.Randy...
Xiaomi claims a record $3.11 billion in Singles Day sales
YICHANG, CHINA - OCTOBER 29, 2023 - Customers experience Mi 14 series phones at a Xiaomi store in Yichang, Hubei province, China, Oct 29, 2023. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone and consumer...
How to use Apple Watch to calculate tip and split the check
Your Apple Watch can help you calculate the tip and split a check at a restaurant with just a few taps.The feature is built right into the calculator app, and all you need to do is enter the amount of the check, the percentage you want to tip, and the number of people...
Nvidia unveils H200, its newest high-end chip for training AI models
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 on Monday unveiled the H200, a graphics processing unit...
Aether Biomedical, bionic hand startup, gets $5.8 million to scale
Andrew Hitz with the Zeus hand.Courtesy of Aether BiomedicalIn 2011, Jeremy Schroeder was driving a four-wheeler near Sherwood, Ohio, when he crashed into a stop sign he hadn't seen as the stone path suddenly turned to asphalt. The sign left a deep gash in Schroeder's...
SpaceX worker injuries rise as Elon Musk accelerates Mars mission: Report
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSpaceX employees have put their lives on the line to meet the...
The rapid rise of Elon Musk’s Starlink satellite internet business
Elon Musk's SpaceX is known for its frequent launches, which now dominate the space industry. But the satellites that the rockets send to space are just as important for the company as the launches. Starlink is SpaceX's answer to providing global, high-speed internet...
Ripple CEO says SEC has lost sight of mission to protect investors
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023.Joseph Nair | Bloomberg | Getty ImagesThe CEO of blockchain company Ripple has some strong words for the U.S. Securities...
Shares of ed-tech company 2U plummet almost 60%, falling below $1
Shares of online education company 2U plummeted about 60% on Friday, falling below $1, after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital programs to students, posted a net loss...
Prenuvo offers $2,500 full-body MRI scans that can detect cancer early
Prenuvo MRI machineCourtesy of PrenuvoWhile celebrating the July Fourth holiday last year on a boat in Tyler, Texas, Dr. Julianne Santarosa received the results from her full-body MRI scan. What she saw put a damper on the festivities.Radiologists at Prenuvo, which...
Trade Desk shares fall 19% on lower guidance
Jeff Green, CEO of The Trade DeskScott Mlyn | CNBCShares of digital ad company The Trade Desk fell 19% Friday morning, a day after the company reported third-quarter results and issued weak revenue guidance.The company estimates revenue of at least $580 million during...
Amazon top Fresh exec says store reopenings part of grocery revamp
Amazon Fresh store in Los Angeles neighborhood of Woodland HillsAnnie PalmerIn February, Amazon CEO Andy Jassy said his company was hitting pause on opening up new Fresh supermarkets and Go convenience stores while closing some underperforming locations.It was all...
Meta lets Amazon users buy on Facebook, Instagram without leaving apps
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 doesn't want you to leave its popular mobile apps when making that impulse Amazon...
Apple will pay $25 million in DOJ discrimination settlement
Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023.Anna Moneymaker | Getty ImagesApple will pay $25 million in back pay and civil...
ICBC, the world’s biggest bank, hit by ransomware cyberattack
A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China.VCG | Getty ImagesThe U.S. financial services division of Chinese bank ICBC was hit with a cyberattack that reportedly disrupted the trading of...
Unity (U) Q3 earnings report 2023
Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBCUnity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.Here's how the company did:Earnings:...
Tesla stock drops 5% after HSBC calls it a ‘very expensive auto company’
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023.Tingshu Wang | ReutersTesla shares closed down about 5% on Thursday at $209.98 after HSBC Global initiated coverage with a "reduce" rating and a $146 price...
Trade Desk shares plunge 30% on weak guidance tied to auto strikes
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts' estimates.Third-quarter results topped...
Microsoft restricts employee access to OpenAI’s ChatGPT
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. OpenAI CEO Sam Altman delivered the keynote address at the first ever Open AI DevDay conference.Justin Sullivan | Getty ImagesMicrosoft has invested...
PDD’s Temu grows at record pace in Asia, overtaking Shein in app stores
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesChinese low-cost retailer Temu is dominating app stores in Japan and South Korea in its category, dethroning...
Google employees typically work longer than eight hours a day: Memo
David Paul Morris | Bloomberg | Bloomberg | Getty ImagesWhen a Google employee asked the company if he could organize his work schedule to work fewer hours on more days, a human resources representative responded saying the average Google employee works more than a...
China’s SMIC posts a 80% drop in third-quarter profit
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 ImagesChina's...
Former Apple designers at Humane launch hands-free AI-powered pin
Humane, a five-year-old artificial intelligence startup founded by former Apple designers Imran Chaudhri and Bethany Bongiorno, announced its first product on Thursday — a $699 pin you wear on your lapel.The Humane AI Pin is designed to replace your smartphone,...
OpenAI says ChatGPT downtime caused by targeted DDoS attack
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesChatGPT, OpenAI's viral chatbot, is experiencing outages caused by a targeted attack, according to an OpenAI spokesperson. As...
How to track flight price changes with Google Flights
Airplanes from United and JetBlue populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesGoogle can help you save money ahead of the holiday travel season. You can follow the price of airfare with Google Flights...
GM’s Cruise lays off contractors after suspending self-driving cars
Kyle Vogt, chief executive office and chief technology officer of Cruise Automation Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesCruise announced a round of layoffs...
Bitcoin tops $37,000 for the first time since May 2022 as optimism about a forthcoming ETF builds
Bitcoin has had a strong start to the year with the cryptocurrency seeing a huge rally.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rose to a new high for 2023 on Thursday as optimism around a potential bitcoin ETF approval continued to build.The price of the...
Bitcoin tops $37,000 for the first time in six months as optimism about a forthcoming ETF builds
Bitcoin has had a strong start to the year with the cryptocurrency seeing a huge rally.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rose to a new high for 2023 on Thursday as optimism around a potential bitcoin ETF approval continued to build.The price of the...
How Arm gained chip dominance with Apple, Nvidia, Amazon and Qualcomm
Behind the scenes of every chipmaker, there's a set of instructions that dictates how their products will function. Over the last three decades, Arm has become the dominant company making this chip architecture, and it powers nearly every smartphone today. Apple bases...
Microsoft launches GitHub Copilot Enterprise to help with private code
Microsoft-owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code.The launch might help Microsoft boost revenue in its cloud business segment by...
Snap conducts a small round of layoffs to its product team
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.Benoit Tessier | ReutersSnap has...
SEC’s Gensler says rebooted FTX is possible if done ‘within the law’
SEC Chair Gary Gensler mocks putting a gun to his head in response to a "Blazing Saddles" reference by Rep. Emanuel Cleaver, D-Mo., during the House Financial Services Committee hearing titled "Oversight of the Securities and Exchange Commission," in Rayburn Building...
UK’s Ofcom outlines tough guidelines under new online safety rules
Sebastien Bozon | AFP | Getty ImagesBritish media watchdog Ofcom on Wednesday issued new guidance to technology platforms requiring them to take tougher action against harmful and illegal content.Ofcom is hoping to get digital giants like Google, Apple, Meta, Amazon...
Arm earnings report Q2 2024
Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023.Brendan Mcdermid | ReutersSemiconductor technology company Arm reported its first post-initial public offering earnings on Wednesday that beat Wall...
SoftBank earnings Q2 FY 2023
SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation.Tomohiro Ohsumi | Getty ImagesSoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.Here's how SoftBank did in the...
29% drop in profit for Japanese tech giant
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor...
OpenAI’s ChatGPT back online after ‘major’ outage
ChatGPT can be a helpful job-hunting tool, if used correctly, according to career coach Sarah Doody.Sopa Images | Lightrocket | Getty ImagesChatGPT, OpenAI's viral chatbot is back online after experiencing a brief but major outage Wednesday morning.The chatbot began...
GM’s Cruise is recalling 950 robotaxis after pedestrian collision
Cruise, the autonomous vehicle venture owned by General Motors, has issued a recall effecting 950 of its robotaxis following a pedestrian collision in San Francisco last month.Previously, the company had grounded all of its driverless operations following the Oct. 2...
Take-Two shares rise on new Grand Theft Auto anticipation
Strauss Zelnick, CEO of Take Two Interactive.Adam Jeffery | CNBCTake-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the...
HSBC to launch custody services for tokenized securities
HSBC is the largest bank in Europe by total assets.Nicolas Economou | Nurphoto | Getty ImagesHSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution to embrace digital assets.HSBC is...
Roblox (RBLX) Q3 earnings 2023
Rafael Henrique | Lightrocket | Getty ImagesShares of Roblox popped 12% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth.Here's how the company did:Loss per share: 45 cent...
Health AI startup Cercle debuts with backing from Sheryl Sandberg
Sheryl Sandberg, former COO of Facebook, at Vanity Fair's 6th Annual New Establishment Summit.Matt Winkelmeyer | Getty ImagesA new health tech startup called Cercle launched Wednesday and announced major global partners and investors, including Meta's former COO...
TikTok owner ByteDance offers employees buyback option at higher price
TikTok logo is displayed on the screen of a smartphone.Sheldon Cooper | Sopa Images | Lightrocket | Getty ImagesChinese technology giant ByteDance is offering to buy back stock options from employees at a higher price than earlier this year, in a bid to boost...
Samsung launches generative AI model made for devices
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 ImagesSamsung Electronics on Wednesday introduced a new generative artificial intelligence model, hinting that...
Amazon beefs up Prime loyalty program with One Medical discount
Amazon beefs up Prime membership with discount to One MedicalAmazonAmazon is beefing up its mainstay Prime subscription program with a new benefit that gives members access to discounted One Medical memberships.The company announced Wednesday that Prime members will...
Nintendo to make The Legend of Zelda movie after Mario success
Link figurine from Legend of Zelda with shop staff inside Nintendo Tokyo store in Shibuya.Sopa Images | Lightrocket | Getty ImagesNintendo said Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters, as the gaming...
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
A different kind of ATM is setting up shop in your local convenience store.These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash.Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of...
Google’s Waze will now warn you about roads prone to car accidents
Google's traffic navigation app Waze will now warn you when you are driving on a road with a history of crashes, the company announced Tuesday.The feature will alert drivers that they are approaching an accident-prone area before they reach that section of the route....
Group of Google contractors who work on Search and Bard win union vote
Workers stand outside the Google offices after walking out as part of a global protest over workplace issues, in London, England, on Nov. 1, 2018.Toby Melville | ReutersA group of Google contractors, some of whom have worked on Search and Google's artificial...
Microsoft closes at all-time high on fresh OpenAI-related optimism
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft ended Tuesday's trading session at a record high of $360.53, following fresh optimism about growth from a key partner in...
Meta failed to act to protect teens, second whistleblower testifies
Arturo Bejar, former Facebook employee and consultant for Instagram, testifies before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law during a hearing to examine social media and the teen mental health crisis, Tuesday, Nov. 7, 2023, on Capitol...
Salesforce CEO says Dreamforce is staying in San Francisco
Marc Benioff, chief executive officer of Salesforce.com Inc., speaks during a keynote at the 2023 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 12, 2023. Benioff said new product features, including those powered by artificial intelligence,...
Datadog earnings boost stock, company gives strong guidance
Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on Aug. 3, 2023.DatadogShares of cloud monitoring software firm Datadog surged nearly 30% in Tuesday trading after the company reported stronger-than-expected...
How to switch from passwords to passkeys
A password sign is seen on a keyboard in Ankara, Turkey on October 26, 2017.Aytac Unal | Anadolu Agency | Getty ImagesThere's a safer way to log in to apps and websites that removes the need to use passwords. It's called a passkey, and companies such as Microsoft,...
WeWork, which filed for bankruptcy, one of London’s biggest tenants
TikTok's London office is based out of a WeWork building in Holborn called Aviation House.WeWorkWeWork, the U.S. office rental startup, filed for Chapter 11 bankruptcy, threatening office closures across the U.S. where it has become a major destination for tech...
Uber earnings report Q3 2023
CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported third-quarter results Tuesday...
Microsoft CEO Nadella makes surprise appearance at OpenAI event
OpenAI CEO, Sam Altman & and Microsoft CEO, Satya Nadella.Hayden Field | CNBCMicrosoft CEO Satya Nadella made a surprise appearance at OpenAI's developer conference on Monday with a message: Come build with us. "Our job No. 1 is to build the best system, so that...
Cruise confirms robotaxis rely on human assistance every 4 to 5 miles
This Cruise in San Francisco seemingly could not figure out how to pull aside on a narrow street to let a buss pass.Matt Rosoff, CNBCCruise CEO and founder Kyle Vogt posted comments on Hacker News on Sunday responding to allegations that his company's robotaxis aren't...
AI negotiates legal contract without humans involved for first time
Mathisworks | Digitalvision Vectors | Getty ImagesIn a world first, artificial intelligence demonstrated the ability to negotiate a contract autonomously with another artificial intelligence without any human involvement.British AI firm Luminance developed an AI...
Samsung, SK Hynix signal the memory chip slump may have bottomed out
A technician holds a semiconductor wafer at a manufacturing plant.Ponywang | E+ | Getty ImagesThe recent earnings calls of the world's two largest memory chipmakers signaled that weak demand may have finally bottomed out.Samsung's operating profit in the third quarter...
WeWork files for bankruptcy
The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned US regulators that it is worried about its survival. Citing financial losses, cash...
Here’s how much WeWork founder Adam Neumann got before bankruptcy
Adam Neumann, co-founder and former chief executive officer of WeWork.Michael Nagle | Bloomberg | Getty ImagesWeWork's dizzying rise and protracted fall into Chapter 11 bankruptcy protection Monday largely hinged on one man: Adam Neumann.The former WeWork CEO founded...
Nintendo (NTDOY) earnings report Q2 2024
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 ImagesNintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it...
OpenAI announces more powerful GPT-4 Turbo and cuts prices
Sam Altman, CEO of OpenAI, at an event in Seoul, South Korea, on June 9, 2023.Bloomberg | Bloomberg | Getty ImagesOpenAI announced its new, more powerful GPT-4 Turbo artificial intelligence model Monday during its first in-person event, and revealed a new option that...
Aleph Alpha raises $500 million to build a European rival to OpenAI
GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023.Jakub Porzycki | Nurphoto | Getty ImagesAleph Alpha, a German startup taking on Microsoft-backed...
Bumble founder and CEO Whitney Wolfe Herd to step down
DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox...
Klarna sets up UK holding company in move toward IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesBuy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that...
Google set for second antitrust trial in two months as it faces Epic
Google CEO Sundar Pichai (L), and Epic Games CEO Tim Sweeney.ReutersGoogle is headed back to court for its second antitrust trial in two months, this time in defense of its Android Play Store.While Google continues to argue against monopoly claims brought by the...
Huawei, Tencent grow in patent holdings as China fosters own tech: report
A Chinese flag flies outside a residential compound in Beijing on April 30, 2017.Greg Baker | Afp | Getty ImagesChinese companies have gained ground in global patent holdings in the cybersecurity technology sector amid growing U.S.-China tensions, according to a...
Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, others
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesMeet Grok, the first technology out of Elon Musk's new AI company, xAI.Grok, the company said, is modeled on "The...
Meta CEO Mark Zuckerberg tore his ACL while training for a competitive MMA fight
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesMeta CEO Mark Zuckerberg just had surgery as a result of an injury to his ACL that occurred during mixed-martial arts training.The Facebook co-founder...
Why San Francisco’s robotaxi rollout has been such a mess
Self-driving cars have flooded San Francisco streets, and many of them have no safety drivers behind the wheel.In August, two of the leading autonomous vehicle companies, General Motors-owned Cruise and Alphabet's Waymo, were granted permission to expand operations,...
Inside the courtroom when Sam Bankman-Fried found out he was guilty
Sam Bankman-Fried stands as forewoman reads the verdict to the court.Artist: Elizabeth WilliamsJust before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. You could have heard a pin drop in the courtroom as the forewoman...
Three hours were all the jury needed to convict Sam Bankman-Fried
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023.David Dee Delgado | ReutersIn Sam...
Could be 100-plus years, or mere decades
A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he'll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself.The...
Amazon founder Jeff Bezos is leaving Seattle for Miami
Emma McIntyre | Getty Images Entertainment | Getty ImagesJeff Bezos, who founded Amazon out of his Seattle garage in 1994, is leaving the city and moving to Miami to be near his parents and his space company Blue Origin.Bezos announced the decision in an Instagram...
Elon Musk says his new startup xAI will debut tech for the first time
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk said Friday that his AI company, xAI, will debut its technology on Saturday."Tomorrow, xAI will release...
Chinese Tesla rival Nio cuts 10% of workforce
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 ImagesChinese electric carmaker Nio plans to cut 10% of its workforce amid "fierce competition," CEO William Li said...
Amazon to close apparel stores in physical retail strategy shift
At 30,000 square feet, Amazon Style is smaller than traditional department stores, but offers "more than double the number of styles," according to a press release.AmazonAmazon is shuttering its brick-and-mortar apparel stores almost a year and a half after opening...
Apple now has $162 billion in cash on hand, less than last quarter
Tim Cook, CEO of Apple Inc., during an event at Apple Park campus in Cupertino, California, on Sept. 12, 2023.David Paul Morris | Bloomberg | Getty ImagesApple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report...
Block (SQ) earnings report, Q3 2023
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage 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 |...
The emails, texts, photos that could put Sam Bankman-Fried in prison
Sam Bankman-Fried was found guilty on seven charges, including wire fraud, securities fraud and money laundering, on Thursday afternoon. He could face more than 100 years in prison.Over the past month, lawyers in the criminal trial of Sam Bankman-Fried have brought...
Atlassian (TEAM) Q1 earnings report 2024
Michael Cannon-Brookes, co-CEO of Atlassian.Scott Mlyn | CNBCAtlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street's expectations.Here's how the company...
Apple lacks clear path to growth this holiday season after shrinkage
Apple CEO Tim Cook looks on during an Apple event at their headquarters in Cupertino, California, September 7, 2022.Carlos Barria | ReutersApple indicated on Thursday that investors shouldn't expect revenue growth in the December quarter, the busiest and most...
Google ends agreement with lead developer of four California campuses
Google's construction site sits idle on a Tuesday afternoon.Jennifer EliasGoogle confirmed on Thursday that the company ended its agreement with the development partner that was working on four key campus sites.Lendlease announced that Google decided to end the...
Sam Bankman-Fried found guilty on all seven criminal fraud counts
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison.Bankman-Fried, the 31-year old son of two Stanford legal scholars and graduate of Massachusetts Institute of Technology,...
Neopets plans comeback in a vastly different era of gaming
Neopets CEO Dominic Law speaking at the gamescom Asia event in Singapore. Ever since the $4 million takeover of Neopets in July, Law and his team have been on a "reactivation campaign" to draw players back to the game.Koelnmesse Pte Ltd / gamescom asiaMoving abroad...
Tesla boss Elon Musk says AI will create situation where no job is needed
Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023.Chris J. Ratcliffe | Bloomberg | Getty ImagesLONDON — Elon Musk thinks that artificial intelligence could eventually put...
Wefox raises another $55 million from Deutsche Bank and Unicredit
Wefox CEO Julian Teicke.WefoxWefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC.The company, which sells insurance plans via an...
Jurors in Sam Bankman-Fried criminal trial begin deliberations
Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023.Amr Alfiky | ReutersTwelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony...
You can control your iPhone without using your hands. Here’s how
Apple's iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023.Patrick T. Fallon | AFP | Getty ImagesYou can pay your credit card bill, browse social media and peruse food recipes on your iPhone...
Judge to stay late in Sam Bankman-Fried trial
Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, July 26, 2023.Amr Alfiky | ReutersThe government is paying for pizza and Uber rides home for the 12 jurors in lower Manhattan who will decide the fate of Sam...
Jeff Bezos urged Amazon to flood search results with junk ads: FTC
Amazon Founder and CEO Jeff Bezos speaks to the media on the company's sustainability efforts in Washington on September 19, 2019.Eric Baradat | AFP | Getty ImagesAmazon flooded its search results with irrelevant "defect" ads at the direction of Founder Jeff Bezos,...
Apple (AAPL) earnings report Q4 2023
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 | ReutersApple will report fourth-quarter earnings after the bell on Thursday.Analysts expect...
DoorDash shares jump 16% on guidance, narrowing net loss
Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty ImagesDoorDash shares jumped over 16% Thursday, a day after the company beat Wall...
One Tesla manager thinks used cars are ‘absolutely pivotal’ for EVs
Used Tesla cars for sale at Big Motoring World's showroom in the U.K., in 2023.Chris Ratcliffe | Bloomberg | Getty ImagesUsed electric vehicles are set to play an important part in the shift to more sustainable forms of transportation, according to a manager at Elon...
Industry, civil rights, labor groups react
US Vice President Kamala Harris applauds as US President Joe Biden signs an executive order after delivering remarks on advancing the safe, secure, and trustworthy development and use of artificial intelligence, in the East Room of the White House in Washington, DC,...
Shopify (SHOP) earnings Q3 2023
An employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast...
Elon Musk told Joe Rogan he bought Twitter to stop ‘extinctionist’ mind virus
Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023.Chris J. Ratcliffe | Bloomberg | Getty ImagesElon Musk bought Twitter to save it from the "mind virus," a phrase he has used...
Amazon to unveil Affirm buy now, pay later for small business
Alain Jocard | AFP | Getty ImagesAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners that use its online store, CNBC learned exclusively.The tech giant plans to announce Thursday that its partnership with Affirm...
Palantir (PLTR) Q3 earnings
Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesShares of Palantir popped 14% in premarket trading...
Uber, Lyft pay $328 million to settle New York wage theft allegations
Uber CEO Dara Khosrowshahi is interviewed on the trading floor at the New York Stock Exchange (NYSE) in New York, August 2, 2022.Andrew Kelly | ReutersUber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully...
Revolut appoints new UK boss as it struggles to get banking license
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesEuropean fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO.Carlesi, who also worked at Deutsche Bank...
Etsy (ETSY) Q3 earnings 2023
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesShares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that...
Airbnb (ABNB) Q3 earnings report
Brian Chesky, co-founder and CEO of Airbnb, speaks during an interview with CNBC on the floor of the New York Stock Exchange, May 10, 2023.Brendan McDermid | ReutersAirbnb shares slipped about 3% in after-hours trading Wednesday after the company reported...
SolarEdge shares sink after company offers weak Q4 guidance
The SolarEdge logo is seen on a smartphone and a PC screen.Pavlo Gonchar | SOPA Images | Sipa USA via AP ImagesShares of SolarEdge tumbled over 20% in extending trading Wednesday after the solar product manufacturer reported soft guidance for its fourth quarter amid...
Qualcomm (QCOM) earnings report Q4 2023
Cristiano Amon, president and CEO of Qualcomm Incorporated, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, April 28, 2022.Brendan McDermid | ReutersQualcomm reported fiscal fourth-quarter earnings on Wednesday that...
UK to invest $273 million in Turing AI supercomputer
Bletchley Park was a codebreaking facility during World War II.GettyThe U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country's ambition to lead in the technology as it...
SBF crypto empire built on ‘pyramid of deceit,’ prosecutors argue
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City.Michael M. Santiago | Getty ImagesProsecutors in Sam Bankman-Fried's criminal fraud trial kicked off their closing argument on Wednesday, reminding...
Match Group stock plunges after decline in people paying for Tinder
The Tinder logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesMatch Group, the parent company of dating apps Tinder and Hinge, is trading at its lowest price since it spun out into a separate company from IAC in July 2020. The...
Fourth consecutive sales decline expected
Tim Cook, chief executive officer of Apple Inc., center, greets a shopper at the company's Fifth Avenue store in New York, US, on Friday, Sept. 22, 2023. Gabby Jones | Bloomberg | Getty ImagesApple is expected to post its fourth consecutive quarterly revenue decline...
Pentagon launches UFO reporting form
Mik38 | Istock | Getty ImagesThink you have evidence of a clandestine government UFO program? Now there's a form for that.The Department of Defense launched a new online tool Tuesday to report government activity related to unidentified anomalous phenomena, also known...
AMD stock jumps more than 8% on strong 2024 AI chip projections
Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), speaks during a launch event in San Francisco, California, U.S., on Wednesday, Aug. 7, 2019.David Paul Morris | Bloomberg | Getty ImagesAMD stock spiked more than 8% Wednesday, a day...
How Apple’s AI spending and deployment differ from Big Tech rivals
Since 2015, Apple has acquired more than two dozen artificial intelligence companies. They're hardly household names, among them Emotient, Laserlike, Drive.ai, AI.Music and WaveOne. But Apple engineers have embedded the procured technologies into the company's...
Orsted axes two New Jersey wind projects, takes $4 billion writedown
Mads Nipper, chief executive officer of Orsted A/S, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from...
Apple Watch blood pressure, sleep apnea and health coach planned: Report
Apple plans to introduce a new paid health service alongside a blood pressure sensor and a system for detecting sleep apnea in the Apple Watch next year, according to a report from Bloomberg Wednesday. The paid health coaching service could provide a new area for...
Microsoft 365 Copilot becomes generally available
Microsoft is primed to enjoy its next cycle of growth. On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses.The feature that appears in Word, Excel and other Office...
7% of workforce to be cut ahead of Cisco acquisition
Splunk logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo taken in Krakow, Poland on October 30, 2021. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesCybersecurity firm Splunk, set to...
China backs global AI consensus even as it clashes with US over tech
BLETCHLEY, ENGLAND - NOVEMBER 1: US Secretary of Commerce Gina Raimondo and Michelle Donelan, Secretary of State for Science, Innovation and Technology listen as Vice Minister of Science and Technology of China Wu Zhaohui speaks on Day 1 of the AI Safety Summit at...
Doximity announces DocDefender to remove doctor information online
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEDoximity, the medical website that's used by more than 80% of U.S. doctors, is now trying to protect its millions of members after a spike in harassment that started during the Covid...
LinkedIn’s new AI chatbot wants to help you get a job
A man is seen using the LinkedIn app on a mobile device and a laptop computer in this illustration photo on 17 October, 2023.Jaap Arriens | Nurphoto | Getty ImagesLinkedIn debuted an artificial intelligence-powered chatbot Wednesday that it's billing as a "job seeker...
Allstate, Allianz invest $265 million in Next Insurance
A pedestrian walks by an Allstate Insurance office on June 09, 2023 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesAllstate and Allianz are making a sizable bet on the digital transformation of the commercial insurance market with a...
Elon Musk in the UK for AI summit — here’s who’s goingf
X CEO Elon Musk leaves a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Mandel Ngan | Afp | Getty ImagesThe U.K. kicks off its landmark artificial intelligence summit on Wednesday, with political...
AMD earnings report Q3 2023
AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported third-quarter earnings on Tuesday that beat analyst expectations, though the...
Southeast Asia’s digital economy is set to hit $218 billion in 2023
Employees having a meeting in an office.Carlina Teteris | Moment | Getty ImagesSoutheast Asia's digital economies are set to reach $218 billion in total value of transactions this year, jumping 11% from a year ago despite global macroeconomic headwinds, a new report...
Sam Bankman-Fried defense rests in criminal trial, jury decision nears
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City.Michael M. Santiago | Getty ImagesFTX founder Sam Bankman-Fried's fate is now in the hands of the 12 jurors who have spent the past four weeks...
Tesla wins first U.S. Autopilot trial involving fatal crash
The logo of Tesla seen at one of its showroom.Toby Scott | LightRocket | Getty ImagesTesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other...
Microsoft releases Windows 11 2023 Update, version 23H2, with Copilot
Microsoft's Windows 11 brings the Start menu to the center of the screen.Jordan Novet | CNBCMicrosoft on Tuesday said it started rolling out the next major update to its Windows 11 PC operating system. The new version contains a chatbot called Copilot that bears some...
Google DeepMind boss hits back at Meta AI chief over ‘fearmongering’ claim
The boss of Google DeepMind pushed back on a claim from Meta's artificial intelligence chief alleging the company is pushing worries about AI's existential threats to humanity to control the narrative on how best to regulate the technology.In an interview with CNBC's...
Bitcoin could hit $150,000 by 2025, predicts Bernstein
Umit Turhan Coskun | Nurphoto | Getty ImagesThe price of bitcoin could rise to $150,000 by 2025, Bernstein said Tuesday in a note citing optimism about a bitcoin exchange-traded fund. Bernstein analyst Gautam Chhugani said the firm expects the Securities and Exchange...
SolarWinds defrauded investors about cybersecurity, SEC alleges
Cybersecurity firm SolarWinds, which was targeted by a Russian-backed hacking group in one of the worst cyber-espionage incidents in U.S. history, committed fraud and failed to maintain adequate internal controls for years prior to the hack, the Securities and...
Pinterest stock surges 18% after earnings beat, advertising outlook
The Pinterest app on a mobile phone.Andrew Harrer | Bloomberg | Getty ImagesPinterest stock rose more than 18% Tuesday after beating earnings estimates for the third quarter and assuaging concerns over potential ad revenue loss due to the Israel-Hamas war.The company...
Alibaba launches upgraded AI model to challenge Microsoft, Amazon
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersAlibaba on Tuesday launched the latest version of its artificial intelligence model, as the Chinese technology giant looks to compete with U.S....
Sam Bankman-Fried has one more shot at avoiding prison as trial wraps
FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty ImagesSam Bankman-Fried, who pleaded not guilty to criminal fraud charges tied to the collapse of...
PSMC, SBI Holdings to build a $5.3 billion chip factory in Japan
Mailsonpignata / 500Px | 500Px | Getty ImagesTaiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) and Japanese financial conglomerate SBI Holdings have chosen a site in northern Japan for an 800 billion yen ($5.3 billion) chip manufacturing plant, the two...
What you need to know about UK AI summit: Attendees, agenda, and more
British Prime Minister Rishi Sunak delivers a speech on artificial intelligence at the Royal Society, Carlton House Terrace, on Oct. 26, 2023, in London.Peter Nicholls | Getty Images News | Getty ImagesThe U.K. is set to hold its landmark artificial intelligence...
Pinterest (PINS) Q3 earnings report 2023
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.Spencer Platt | Getty ImagesPinterest reported third-quarter earnings on Monday that beat on the top and...
memory chip demand to improve in 2024
general view of visitors are seen at Samsung booth during the chinajoy 2023 at Shanghai new expo center in Shanghai, China on July 28, 2023 (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea's Samsung Electronics reported...
Apple announces new M3 chips, cuts price of entry-level MacBook Pro
Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday.Ahead of the all-important holiday shopping season, the new chips will refresh Apple's Mac lineup, which saw sales fall 7% in the June quarter in...
Tesla shares drop 5% on Panasonic battery warning
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes |...
Shares of On Semiconductor fall 20% on bad Q4 guidance
Mailsonpignata / 500Px | 500Px | Getty ImagesShares of ON Semiconductor tumbled 20% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year.ON Semiconductor said it expects to report fourth-quarter earnings...
Google CEO Sundar Pichai testifies in U.S. antitrust trial
Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023.Jose Luis Magana | APGoogle on Monday called its star witness to testify in its defense against the U.S. government's antitrust challenge of its search...
Sam Bankman-Fried blames everyone but himself in day two of testimony
FTX founder Sam Bankman-Fried leaves US Federal Court in New York City on March 30, 2023.Kyle Mazza | Anadolu Agency | Getty ImagesFTX founder Sam Bankman-Fried resumed his testimony on Monday, and used his time on the stand to blame his former close friends and...
Facebook and Instagram get ad-free subscription service in Europe
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 said on Monday it will offer an ad-free subscription option for Facebook and Instagram in...
UK confirms plans to regulate crypto industry with formal legislation
Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023.Chris Ratcliffe | Bloomberg | Getty ImagesThe U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to...
Biden unveils U.S. government’s first-ever AI executive order
President Joe Biden speaks as he meets with AI experts and researchers at the Fairmont Hotel in San Francisco, Calif., on Tuesday, June 20, 2023. Jane Tyska | Medianews Group | Getty ImagesPresident Joe Biden unveiled a new executive order on artificial intelligence —...
Standard Chartered-owned crypto firm Zodia launches in Hong Kong
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesZodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively.It marks the latest...
How to take .5 selfies — super wide-angle shots that Gen Z loves
Members of Gen Z take .5 selfies.Courtesy of Duncan Grant, Rebecca Smith, Rachel Aquino and Gabriel Lesser.When 16-year-old Riley Galfi met an artist she loves at a concert back in May, she didn't ask to take any ordinary selfie with him, she asked to take a .5...
How to delete private information from Google search results
In this illustration, a Google logo is displayed on a smartphone.Omar Marques | SOPA Images | Lightrocket | Getty ImagesIf you Google your name, address or phone number, you might be surprised by the number of results you see with your personal information. There's a...
Google commits to invest $2 billion in OpenAI competitor Anthropic
Jakub Porzycki | Nurphoto | Getty ImagesGoogle agreed to invest up to $2 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI executives, CNBC has confirmed.The commitment involves a $500 million upfront cash infusion and an additional $1.5...
Elon Musk wants your ‘entire financial life’ on X: Report
Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesX owner Elon Musk is...
Google paid $26 billion in 2021 to become a default search engine
Google CEO Sundar Pichai (L) and Apple CEO Tim Cook (R) listen as U.S. President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023.Anna Moneymaker | Getty...
Microsoft Azure outpaced AWS and Google Cloud in latest quarter
Microsoft CEO Satya Nadella, left, departs from federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesIn the high-stakes cloud-computing battle, Microsoft is outpacing its top rivals. Third-quarter results are in for most mega-cap tech...
FTX’s Sam Bankman-Fried testifies before the jury in fraud trial
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersFTX founder Sam Bankman-Fried...
Intel pops after earnings show progress toward $3 billion in savings
Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. initial public offering at the Nasdaq MarketSite in New York, Oct. 26, 2022.Michael Nagle | Bloomberg | Getty ImagesIntel stock jumped 10% in premarket trading on Friday morning after the company beat Wall...
Amazon stock up on Q3 earnings report
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty ImagesShares of Amazon jumped 5% in premarket trading Friday after the company...
Search head testifies about how young users see it
Prabhakar Raghavan, of Google Inc., speaks during the company's Cloud Next '18 event in San Francisco, California, July 24, 2018.David Paul Morris | Bloomberg | Getty ImagesAs Google fights claims that it violated antitrust law to maintain its online search dominance,...
Hertz pulls back on EV plans citing Tesla price cuts, repair costs
Hertz is pumping the brakes on plans to electrify more of its rental car fleet after EV repair costs came in higher than the company anticipated, and after Tesla price cuts reduced the resale value of the majority of electric cars in its fleet by about one-third.CEO...
Kids are attending pro-Palestinian protests on Roblox
Screenshot taken by CNBC of an experience on Roblox.Source: RobloxKids are attending pro-Palestinian protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestinian virtual protest has been visited more than 275,000 times.Videos circulating on...
Amazon advertising revenue tops $12 billion in the third quarter
BARCELONA, SPAIN - MARCH 2: The Amazon ads logo, the advertising solutions service formerly known as AMD or Amazon Marketing Services, during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto |...
AWS Q3 earnings report 2023
Adam Selipsky, Amazon Web Services CEOSource: CNBCAmazon said Thursday that its cloud unit grew revenue 12% year over year in the third quarter. Analysts had expected a more rapid performance for the world's top provider of computing and storage services delivered...
Intel (INTC) earnings report Q3 2023
Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations...
Amazon’s profit margin nears record high after CEO Jassy’s cost cuts
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...
Huawei grows faster than Apple in China in Q3 after Mate 60 launch
A poster of a Mate 60 mobile phone with satellite capabilities at Huawei's flagship store in Shanghai, China, on Sept. 24, 2023.CFOTO | Future Publishing | Getty ImagesHuawei was the fastest-growing smartphone maker in China in the third quarter after the company...
Sam Bankman-Fried defense team fails to land a blow as he takes stand
Courtroom sketch showing Sam Bankman Fried questioned by his attorney Mark Cohen. Judge Lewis Kaplan on the benchArtist: Elizabeth WilliamsSam Bankman-Fried took the stand in a New York courtroom on Thursday, as he and his defense team auditioned their best legal...
Cruise pauses all driverless operations after collisions, suspensions
A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022.David Paul Morris | Bloomberg | Getty ImagesCruise, the autonomous vehicle startup owned by General Motors, has paused all of its driverless operations after collisions led to investigations, a...
Tencent-backed J&T Express fell in Hong Kong IPO debut
Courier handing over package asking female customer to do electronic signature, delivering, receiving, efficiency10'000 Hours | Digitalvision | Getty ImagesShares of Indonesia's J&T Express fell 1.33% when it went public on Friday.The logistics service provider...
Amazon (AMZN) Q3 earnings report 2023
Andy Jassy, CEO, AmazonCNBCAmazon is scheduled to report third-quarter earnings after the market close Thursday.Here are the key numbers Wall Street is watching:Earnings per share: 58 cents expected among analysts surveyed by LSEG, formerly known as RefinitivRevenue:...
PS5 is fully stocked, on track for 2023 sales record: top Sony exec
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesThe PlayStation 5 is fully stocked in stores around the world and will hit Sony's sales target of 25 million units for the year, an executive at the company told...
UK PM Rishi Sunak warns of risks of AI ahead of summit
British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on Oct. 26, 2023 in London, England.Peter Nicholls | Getty Images News | Getty ImagesBritain's Prime Minister Rishi Sunak on Thursday warned of the risks of artificial...
Meta stock down on cautious commentary about unrest in the Middle East
Shares of Meta dipped more than 6% Thursday, a day after the company released strong third-quarter results but offered cautious comments about potential ad softness due to the ongoing Israel-Hamas war.Meta reported $34.15 billion in revenue for the quarter, up 23%,...
Uber begins offering rides in self-driving Waymo cars
Passengers ride in an electric Waymo full self-driving technology in Santa MonicaAllen J. Schaben | Los Angeles Times | Getty ImagesCustomers ordering an Uber in Phoenix, Arizona, now have the option to take their ride in a fully autonomous vehicle, the company...
Google Maps update: What’s new
Google Maps Immersive viewGoogleGoogle Maps is expanding preexisting features and unveiling some new ones, according to a Thursday announcement.The company said artificial intelligence allowed for improvements to Google Maps' EV charging station feature, more specific...
Kids are attending pro-Palestine protests on Roblox
Screenshot taken by CNBC of an experience on Roblox.Source: RobloxKids are attending pro-Palestine protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestine virtual protest has been visited more than 275,000 times.Videos circulating on social...
Meta’s Reality Labs loses $3.7 billion in third quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to push the metaverse as the future. In the present, it keeps racking up...
IBM Q3 earnings report 2023
Arvind Krishna, IBM's chair and CEO, during an interview in New York on May 1, 2023.Christopher Goodney | Bloomberg | Getty ImagesIBM shares rose 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall...
Meta widens revenue guidance range, cites Middle East unpredictability
Omar Marques | Lightrocket | Getty ImagesIn Meta's earnings report on Wednesday, the company gave guidance for the fourth quarter, with a surprisingly wide gap between the low number and the high.The $3.5 billion range ($36.5 billion to $40 billion) compares to a $2.5...
Meta’s advertising rebound gets huge assist from China despite ban
A Facebook sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019.Aly Song | ReutersMeta may be banned from operating in China, but the company is finding plenty of growth coming from the world's second-biggest economy.In...
Stellantis to invest $1.6 billion in Chinese EV start-up Leapmotor
Chinese EV maker Leapmotor launched its first car for the international markets called the C10.Arjun Kharpal | CNBCStellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as traditional automakers...
Sam Bankman-Fried’s lawyers reveal his planned testimony in FTX fraud trial
Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his FTX fraud trial.Bankman-Fried's legal team told Judge Lewis Kaplan in a six-page letter that he would address three key areas in such testimony,...
US, China lead on most valuable firms
Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012.Ed Jones | AFP | Getty ImagesFrom the U.S. to China, countries around the world are battling it out to lead on...
Apple will reportedly release a bunch of new AirPods next year
Apple AirPods MaxTodd Haselton | CNBCApple plans to release new versions of several AirPods models next year, according to a report from Bloomberg.Apple's wireless headphones business has become a moneymaker for the company and requires regular updates to keep the...
Amazon’s focus on speed, surveillance drives worker injuries
An employee looks for items in one of the corridors at an Amazon warehouse.Carlos Jasso | ReutersAmazon warehouse workers are suffering physical injuries and mental stress on the job as a result of the company's extreme focus on speed and pervasive surveillance,...
Apple subscriptions just got more expensive. Here’s how to save money
Apple raised the price of Apple TV+, Apple One and a number of its other subscription services Wednesday. If you are an existing subscriber, you will be charged the higher rates "30 days later, on your next renewal date," according to a company spokesperson.The...
Meta to report third-quarter earnings after the bell
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 ImagesMeta is set to report third-quarter earnings after the bell Wednesday.Here...
Sam Bankman-Fried to testify in FTX fraud trial, attorney says
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersFTX founder Sam Bankman-Fried...
Apple raises price of Apple TV+ to $9.99 a month
Apple on Wednesday raised the prices for a number of its flagship services offerings, including Apple TV+, Arcade, and its bundled offering, Apple One. The move follows prior price hikes in October 2022.Apple TV+ will now cost $9.99 a month, up from $6.99. The price...
Alphabet stock down 8% on cloud miss as investors praise Microsoft
Google CEO Sundar PichaiGetty ImagesShares of Alphabet dipped about 8% Wednesday morning, a day after the company posted third-quarter earnings that missed analyst estimates for Google Cloud revenue.The company beat Wall Street expectations for both revenue and...
Microsoft stock up as Wall Street heralds strong earnings report
Microsoft CEO Satya Nadella speaks at the company's annual shareholder meeting in Bellevue, Wash, on Nov. 30, 2016.Jason Redmond | AFP | Getty ImagesWall Street analysts had high praise for Microsoft's fiscal first-quarter earnings report, both from an earnings...
Telegram removes Hamas channels on Android
The logo of the instant messaging service Telegram on a smartphone on January 20, 2022.Thomas Trutschel | Photothek | Getty ImagesTelegram, the messaging app, restricted access to channels belonging to Palestinian militant group Hamas, acting to limit the group's...
Why Exxon, Chevron are doubling down on fossil fuel energy
A Chevron gas station is shown in Austin, Texas, on Oct. 23, 2023.Brandon Bell | Getty Images News | Getty ImagesOn Monday, Chevron announced plans to acquire oil and gas company Hess for $53 billion in stock.Less than two weeks prior, Exxon Mobil announced it is...
Meta’s harmful effects on children unites Republicans and Democrats
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 |...
Amazon launches European ‘sovereign’ cloud as EU data debate rages
The Amazon Web Services (AWS) logo, a subsidiary of Amazon that provides on-demand cloud computing platforms to individuals, companies, and governments, displayed during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain.Joan Cros | Nurphoto | Getty...
Apple lines up to support nationwide right-to-repair legislation
Apple expands Self Service Repair to Mac notebooks.AppleApple said on Tuesday that it supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers, the latest sign of the company's shift toward supporting independent...
Snap earnings Q3 2023
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris on June 17, 2022.Benoit Tessier | ReutersSnap shares initially soared as much as 20% in...
Wall Street wants to know how Google’s going to profit from AI
In the age of AI hype, few companies have used the word "AI" more than Google. Now, Wall Street wants know how it'll turn the hyped tech into dollars and cents.Google parent Alphabet reported its third quarter earnings Tuesday, which showed more spending on AI...
Qualcomm Snapdragon X Elite and Series 8 Gen 3 announced
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm on Tuesday announced two new chips that are designed to run AI software — including the large language...
Verizon stock soars toward its best day in almost 15 years
Verizon stock is up more than 8%, putting it on track for its best daily performance in almost 15 years.The company beat analyst expectations for both adjusted earnings per share and revenue for the third quarter, based on a survey of analysts by LSEG, formerly known...
California DMV suspends Cruise’s self-driving car permits
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersThe California Department of Motor Vehicles on Tuesday suspended Cruise's deployment and testing permits for its...
Google disables live traffic conditions on Maps in Israel and Gaza
The Google Maps app is seen on a mobile phone.Nasir Kachroo | NurPhoto | Getty ImagesGoogle is disabling live traffic conditions in Israel and Gaza on its Maps and Waze apps, a spokesperson said Tuesday. The move comes as Israel is widely anticipated to embark on a...
Microsoft (MSFT) Q1 earnings report 2024
Satya Nadella, chief executive officer of Microsoft Corp., arrives to federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will disclose its fiscal first-quarter results after U.S. market close on Tuesday.Here's what analysts...
Apple announces Oct. 30 event, new Macs expected
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference.Justin Sullivan | Getty ImagesApple sent invites on...
Meta sued by 33 state AGs for addictive features targeting kids
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesA bipartisan group of 33 attorneys general is suing Meta over addictive features aimed at kids and teens, according to a...
How to scrub personal information from Google Search
A woman passes the logo from the web search engine provider Google during the digital society festival 're:publica', at the Arena Berlin in Berlin, Germany June 9, 2022.Annegret Hilse | ReutersYou can remove your phone, email and home address from the Google Search...
Coinbase stock up 14% with Grayscale ETF ruling, court deadline loom
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesShares of cryptocurrency exchange Coinbase surged about...
Alphabet (GOOGL) earnings Q3 2023
An illuminated Google logo is seen inside an office building in Zurich, Switzerland.Arnd Wiegmann | ReutersAlphabet is set to report third-quarter earnings after the bell Tuesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly...
Bitcoin doubles for 2023, tops $35,000
Bitcoin.Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesThe price of bitcoin briefly topped $35,000 for the first time since May 2022, bolstered by positive sentiment about a bitcoin exchange-traded fund and a flight to safety that led to a spike in short...
Amazon considers offering veterinary telehealth in Walmart competition
Amazon is considering an expansion into veterinary telehealth in its latest bid to compete with Walmart, which began offering the service to Walmart+ subscribers earlier this year, people familiar with the matter told CNBC. The e-commerce giant, which has already...
Op-ed: We cannot allow AI to make Big Tech even bigger
Steve Case, Chairman and CEO of Revolution.John Chiala | CNBCPolicymakers in Washington are now engaged in a wide range of discussions regarding how to prevent AI technology from spinning out of control. But for all the focus on various dangers, we're losing sight of...
AR glasses look to challenge Meta and Apple
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 screenXrealChinese augmented reality (AR) firm Xreal on Tuesday launched its next-generation glasses, as interest continues...
Signos raised $20 million to tackle weight loss with CGMs and data
Weight loss has always been big business, but it's exploded of late due to surging demand for Ozempic, Wegovy and other new diabetes and obesity drugs.In the first half of 2023, sales of Ozempic and Wegovy rose by 58% and 363%, respectively. That's after quarterly...
Okta hack wipes out more than $2 billion in market cap
The Okta website on a laptop arranged in Dobbs Ferry, New York, on Feb. 28, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesOkta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. The...
FTC plans to hire child psychologist to guide internet rules
Monkeybusinessimages | Istock | Getty ImagesThe Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday.FTC Chair Lina...
Intel stock drops on report Nvidia is working on an Arm-based PC chip
An exterior view of the NVIDIA headquarters in Santa Clara, California, May 30, 2023.Justin Sullivan | Getty ImagesIntel stock dropped more than 3% during trading on Monday after Reuters reported that Nvidia and AMD were working on Arm-based PC chips. Arm stock rose...
Tesla discloses DOJ probes over vehicle range, personal benefits, more
A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla's Model Y has become the world's best selling car in the first quarter of 2023. Brandon Bell | Getty ImagesIn a third-quarter financial filing out Monday, Tesla disclosed that the U.S....
VCs Andreessen, Doerr among among attendees at Schumer’s next AI forum
Andreesen Horowitz partner Marc Andreesen speaks during the Fortune Global Forum.Justin Sullivan | Getty Images News | Getty ImagesTechnologists and advocates are again set to visit Capitol Hill on Tuesday to discuss with Senate leaders the perils and promises of...
White House announces 31 tech hubs to focus on AI, clean energy and more
U.S. President Joe Biden makes a statement about the stopgap government funding bill passed by the U.S. House and Senate to avert a government shutdown at the White House in Washington, U.S., October 1, 2023. Bonnie Cash | ReutersWASHINGTON — The White House on Monday...
‘Marvel’s Spider-Man 2’ game breaks 24-hour PlayStation Studios record
Spider Man 2Source: Marvell"Marvel's Spider-Man 2" broke the record for fastest-selling PlayStation Studios game in its opening 24 hours, according to a release.Consumers purchased more than 2.5 million copies of the game, which debuted Oct. 20, breaking PlayStation...
U.S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund
A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Chloe Wang, a partner and vice-president...
Bitcoin trades above $30,000 to start the week as hopes grow over ETF
Artur Widak | NurPhoto | Getty ImagesThe price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety. Bitcoin was trading about 2.7% higher at $30,716.24, according to Coin Metrics, and...
Apple to spend $1 billion a year in AI catch-up efforts: Report
Apple CEO Tim Cook takes a dip in the crowd after the presentation of the new iPhone 15. Christoph Dernbach | Picture Alliance | Getty ImagesApple is on track to spend $1 billion per year on developing its generative artificial intelligence products, Bloomberg...
Micron building biggest chip fab in U.S. history despite China ban
Memory chips are at the center of all devices, helping store and access data in smartphones, computers and the servers training generative artificial intelligence models.Just three companies make more than 90% of the world's dynamic random-access memory, or DRAM,...
Databricks, the $43 billion AI firm, acquires Arcion for $100 million
Ali Ghodsi, co-founder and CEO of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesDatabricks has agreed to acquire Arcion, an enterprise data company, for about...
Japan investigates Google for alleged antitrust violations in search
Google app is seen on a smartphone in this illustration.Dado Ruvic | ReutersJapan's competition watchdog on Monday said it is investigating Alphabet-owned Google for alleged antitrust law violations in regards to its search practices on mobile platforms, ramping up...
Foxconn says it will cooperate with Chinese authorities on probes
Hon Hai Group's headquarters, in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesApple supplier Foxconn, officially known as Hon Hai, said it will cooperate with Chinese authorities on investigations, following a report that officials are conducting...
Web Summit CEO resigns after apologizing for Israel-Hamas war comments
Tristan Fewings | Getty ImagesPaddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his post after coming under fire for his comments on the Israel-Hamas war, leading Big Tech guests like Alphabet, Meta and Amazon to cancel...
How to use NameDrop in iOS 17 to exchange contacts by tapping iPhones
Apple NameDrop in iOS 17.AppleThe next time you are at a networking event or dinner party, you can exchange phone numbers with a new colleague or friend just by holding your iPhones near each other.The feature, known as NameDrop, became available when Apple rolled out...
Tesla stock ends the week down 15%, the worst performance of the year
Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday.It marks the worst week for Tesla stock of the year, although shares of...
Dropbox hands over 25% of San Francisco headquarters back to landlord
Drew Houston, Dropbox Co-Founder and CEO.Arun Nevader | CNBCDropbox said Friday that it's agreed to return over one quarter of its San Francisco headquarters to the landlord as the commercial real estate market continues to soften following the Covid pandemic. In a...
Okta shares fall after company says client files were accessed by hackers via its support system
The Okta logo on a smartphone.Tiffany Hagler-Geard | Bloomberg | Getty ImagesShares of cybersecurity firm Okta fell nearly 11% after the company said that an unidentified hacking group had accessed files which "certain Okta customers" had uploaded to Okta's support...
Prosecutors in SBF trial compare defense argument to ‘Dumb and Dumber’
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersProsecutors in the criminal...
Mayors descend on Washington to learn how to us AI in their cities
More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government.Courtesy of Bloomberg PhilanthropiesMore than 100 mayors descended on Washington, D.C. this week to learn how generative AI tools...
Alibaba, Tencent among investors in Zhipu, China’s OpenAI rival
An undated conceptual illustration of China's technology aspirations.Yaorusheng | Moment | Getty ImagesChinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is...
Claude AI can summarize text from PDFs for free. Here’s how to use it
Jakub Porzycki | Nurphoto | Getty ImagesYou can save time by summarizing long PDFs for free with Anthropic's Claude AI chatbot. So, the next time someone sends you a 100-page document that you don't have hours to read, you can just follow this guide and get a quick...
Bitcoin tops $30,000 on ETF optimism and flight to safety, heads for winning week
Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad.The price of the flagship cryptocurrency was...
Bezos-backed freight firm Convoy shuts down. Read CEO memo here
Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport said it will lay off about 20% of its own workforce.Seattle-based...
Meta, Apple, Google cheer FCC ruling that could spur new VR, AR apps
Meta Quest 3.Todd Haselton | CNBCThe Federal Communications Commission on Thursday agreed to open a band of spectrum for some devices in a move that could help pave the way for new applications of augmented and virtual reality wearables.The agency unanimously voted to...
PC demand is back, says Acer CEO who sees robust growth
Taiwan-based computer manufacturer Acer said that personal computer demand is rebounding, after hitting the bottom this year."We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we...
X, formerly Twitter, to launch two new subscription tiers
Rafael Henrique | Lightrocket | Getty ImagesX, the social media service formerly known as Twitter, will launch two new tiers of subscriptions for users, its owner Elon Musk said on Friday.One tier will be "lower cost with all features, but no reduction in ads," while...
Coinbase ‘confident’ a U.S. bitcoin ETF will be approved
Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company's chief legal officer, Paul Grewal, told CNBC."I'm quite hopeful that these [ETF] applications will be granted, if only because...
Public gaming companies sit on $45 billion cash hoard, Konvoy says
Gamers play the video game "Star Wars Battlefront II" during the "Paris Games Week" on Oct. 31, 2017.ChesnoPublicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188...
Netflix stock surges after earnings report, jump in subscribers
A woman starts Netflix on a TV inside her apartment.Artur Widak | NurPhoto | Getty ImagesNetflix shares surged 16% Thursday following a promising quarterly earnings report.The streaming giant reported several victories, including a 70% jump in its new ad-supported...
FCC votes to begin process of reestablishing net neutrality rules
Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC.Getty ImagesNet neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called...
Read the secret Signal messages that could help put SBF behind bars
Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch.Artist: Claudia JohnsonMuch of the government's case against Sam Bankman-Fried hinges on the testimony and text messages from those in his crypto inner circle who turned...
Discord expands online marketplace to justify $15 billion valuation
The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland on April 3, 2021.Jaap Arriens | NurPhoto | Getty ImagesTwo years ago, during the height of tech market froth, Discord was valued at $15 billion, more than doubling in a matter of...
Man sentenced to prison for tweeting to suppress votes for Trump
United States District Court for the Eastern District of New York in Brooklyn.RuaridhConnellan | Barcroft Media | Getty ImagesA Trump-supporting social media influencer was sentenced to seven months in prison for conspiring to suppress the votes of possibly thousands...
EU gives Meta, TikTok six days to provide information
TikTok and Facebook logos displayed on phone screens.Jakub Porzycki | Nurphoto via Getty ImagesFacebook parent company Meta and Chinese-owned social media app TikTok have both been given a deadline of Oct. 25 by the European Commission to share information on their...
Fintech firm Airwallex buys MexPago to expand in Latin America
Airwallex's cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li.AirwallexGlobal fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm...
NY AG sues crypto firms for alleged $1 billion fraud
Barry Silbert: founder and chief executive officer of Digital Currency Group Inc. (L), and New York Attorney General Letitia James (R).Getty Images (L) | Reuters (R)Crypto firms Digital Currency Group and Gemini defrauded more than 230,000 investors out of a...
Tesla shares sink 6% following earnings, commentary by Elon Musk
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesShares of Tesla tumbled more than 6% Thursday, a day after the...
Apple iPhone 15 sales look like they’re starting off slow in China
Customers line up to enter an Apple store as the iPhone 14 series goes on sale in Shanghai on Sept. 16, 2022.VCG | Visual China Group | Getty ImagesA month after Apple's latest iPhones came out, analysts and investors are starting to see signs of slow demand in China...
Universal Music sues Anthropic for copyright infringement over lyrics
Recording artist Katy Perry performs onstage during the Pepsi Super Bowl XLIX Halftime Show at University of Phoenix Stadium, now known as State Farm Stadium, in Glendale, Arizona, on Feb. 1, 2015.Kevin Mazur | WireImage | Getty ImagesUniversal Music has sued...
Google cuts dozens of jobs in news division
Google headquarters in Mountain View, California, on Jan. 30, 2023.Marlena Sloss | Bloomberg | Getty ImagesGoogle cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time for online platforms and publishers. An...
Chinese EV stocks fall after Tesla’s disappointing Q3 results
SHANGHAI, CHINA - APRIL 18: A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. (Photo by VCG/VCG via...
TSMC earnings report Q3 2023
A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for...
Coinbase picks Ireland as its main EU hub under MiCA crypto regulation
Chesnot | Getty Images News | Getty ImagesCryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC in an exclusive interview.Coinbase submitted its application for a license under the...
Nokia to cut up to 14,000 jobs after 69% profit plunge
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.The Finnish telecommunications giant...
Tesla (TSLA) earnings Q3 2023
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023.David A. Grogan | CNBCTesla is set to report third-quarter results after the bell Wednesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings: 73...
ChatGPT can now search web and answer with images
Sam Altman, CEO of OpenAI, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California, on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesIt's official: ChatGPT is no longer stuck in time.OpenAI, the company behind the viral...
Amazon begins delivering medications by drone in Texas
Amazon announced Friday it will soon begin making drone deliveries in College Station, Texas.AmazonAmazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post...
Top Apple analyst says MacBook demand has fallen ‘significantly’
Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty ImagesTop Apple analyst Ming-Chi Kuo said Wednesday that shipments for the company's...
X, formerly Twitter, tests charging new users $1 to tweet, retweet
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023.Chesnot | Getty ImagesX, formerly Twitter, will begin a test that charges new users $1...
Roblox tells employees they have to come to office three days a week
David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California.Ian Tuttle | Getty ImagesRoblox employees who don't want to work at the gaming company's physical office at least three days a week will...
World must add or replace 50 million miles of transmission lines: IEA
Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California's Mojave Desert at the base of Clark Mountain are viewed near Primm, Nevada, July 15, 2022.George Rose | Getty Images News | Getty ImagesThe world has...
Adobe exec David Wadhwani expresses frustration over slow deal approval
David Wadhwani, president of digital media at Adobe, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, Calif., on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesAdobe executive David Wadhwani wonders whether expensive technology...
How GenZ uses technology — flip phones, digital cameras, voice memos
It's no secret that Generation Z grew up surrounded by technology, but the way these youngsters use certain features and gadgets may surprise you.Generation Z, commonly referred to as Gen Z or Zoomers, is made up of people born after 1997, according to the Pew...
Baidu’s Ernie 4.0 fails to wow investors; Citi, Jefferies keep buy ratings
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesAnalysts are bullish on Chinese tech giant Baidu's latest version of its...
ASML earnings report Q3 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 |...
Apple supplier Foxconn to focus on specialty tech not cutting-edge chips
Apple iPhone supplier Foxconn, officially known as Hon Hai, said its semiconductor strategy is to focus on producing "specialty chips" — not competing in cutting-edge chips."We do not chase [after] the most advanced technology. Hon Hai will not compete with leading...
The secret life of Jimmy Zhong, who stole – and lost – more than $3b
Athens, Georgia, is home to the University of Georgia, and the police there are used to college town-type crimes: break-ins, bar fights and assorted rowdiness. That kind of thing.But the 911 call that came in on the night of March 13, 2019, was unlike anything the...
Israel-Hamas war is ‘biggest safety focus’ on Threads: Instagram chief
Instagram CEO Adam MosseriElizabeth Frantz | ReutersInstagram chief Adam Mosseri said in a post on Threads that the platform's "biggest safety focus" is on "managing content responsibly" around the Israel-Hamas war, adding that the platform is "getting pulled in a lot...
U.S. changing conversation around UFOs from speculation to science
Unidentified flying objects, or UFOs, have captured the imagination of Americans for decades. But much of the conversation has been confined to science fiction movies and novels. In the absence of government commentary on the topic, conspiracy theories have run...
This startup CEO claims he can completely decarbonize the cement industry
Most of the built environment today is made at least partially from concrete, making it the second most-used substance on earth after water. But making concrete emits almost as much carbon dioxide as cars, because its main ingredient, cement, is made from limestone....
Apple launches new Apple Pencil with hidden USB-C charging port
New Apple Pencil with a USB-C charging port.AppleApple on Tuesday announced a new $79 Apple Pencil with a hidden USB-C charging port that will launch in November. Prior models required users to charge by plugging the pencil into the iPad charging port.It's the...
Cruise under NHTSA probe into autonomous driving pedestrian injuries
A woman crossing a normally busy stretch of downtown San Francisco suffered serious injuries after a hit-and-run driver struck her, throwing her into the path of an oncoming driverless Cruise car, which then ran her over, according to video recorded by the autonomous...
Nvidia stock falls after U.S. announces new chip export restrictions
Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesNvidia and a number of other chipmakers saw shares fall Tuesday morning after the U.S. announced new restrictions on exports of AI chips to China.Shares of chip stocks have boomed in the last year due to the...
Microsoft games boss Phil Spencer drove $69 billion Activision deal
Phil Spencer, chief executive officer of gaming at Microsoft Corp., center, arrives to court in San Francisco on June 28, 2023.Shelby Knowles | Bloomberg | Getty ImagesWhen Phil Spencer took the helm of Microsoft's gaming division in 2014, he and newly appointed CEO...
U.S. bans export of more AI chips, including Nvidia H800, to China
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in coming weeks.The U.S. government says the new rules are intended to close loopholes that popped up after last year's...
Apple CEO Tim Cook visits China as iPhone 15 faces challenging start
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 CEO Tim Cook cheered on gamers at an event during a surprise visit to China, underscoring the...
Amid AI buzz, big US tech giants add $2.4 trillion in market cap
CFOTO | Future Publishing via Getty ImagesU.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel.Accel, in its annual...
Former FTX engineer tells jury about panicky rooftop meeting with SBF
Government exhibit in Sam Bankman-Fried's criminal trialSource: SDNYIn afternoon testimony Monday, former FTX engineering chief Nishad Singh told a Manhattan jury about two one-on-one meetings he held with Sam Bankman-Fried last year to discuss the dire state of the...
Snap up 12% after CEO tells employees of strong 2024 goals
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.Benoit Tessier | ReutersSnap...
FTX top engineer says Bankman-Fried spent $1.13 billion on celebrities
Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, on Monday, Oct. 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesNishad Singh, FTX's former director of engineering, told jurors on Monday that Sam...
LinkedIn lays off nearly 700 employees — read the memo here
Microsoft CEO Satya Nadella arrives at federal court in Washington, D.C., on Oct. 2, 2023.Drew Angerer | Getty ImagesMicrosoft-owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo...
Apple’s iPhone loses top spot in China to Huawei: Analysts
Apple CEO Tim Cook delivers remarks during an Apple special event in Cupertino, California, on Sept. 12, 2023.Justin Sullivan | Getty ImagesApple's iPhone has officially been dethroned from its position as the smartphone market share leader in China, according to a...
Tether freezes crypto wallets linked to terrorism in Israel, Ukraine
The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run."Justin Tallis | AFP via Getty ImagesTether froze 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine,...
Cryptocurrencies rise, briefly sending bitcoin over $30,000
Cryptocurrencies briefly soared to start the week as hopeful investors weighed the likelihood that the U.S. will finally see a bitcoin ETF in the coming months.At one point Monday morning, bitcoin surged above $30,000 in a sudden spike on an unconfirmed report that...
Bankman-Fried needs Adderall to testify, defense asks for delay in trial
Lawyers for disgraced FTX CEO Sam Bankman-Fried say he urgently needs his long-release Adderall, otherwise, they'll need to take a day off in the criminal trial that could put the former crypto billionaire in prison for the rest of his life.In a late-night appeal to...
How to FaceTime on Apple TV 4K
You can make calls directly from your 2021 Apple TV 4K (or newer) thanks to the latest tvOS 17 software update.The update, which rolled out in September, allows you to use your iPhone (2018 or newer) or a recent iPad as your webcam and displays whoever you're calling...
Meta’s open source approach to AI puzzles Wall Street, techies love it
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 ImagesAt Meta's annual Connect conference last month, virtual reality enthusiasts gathered to hear...
Australia fines X, formerly Twitter, for not answering questions on child abuse content
Elon Musk killed off the Twitter logo on July 24, 2023, replacing the world-recognized blue bird with a white X as the tycoon accelerates his efforts to transform the floundering social media giant. Chris Delmas | AFP | Getty ImagesAustralia's eSafety commissioner on...
MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC
Bymuratdeniz | E+ | Getty ImagesAsian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition company Bridgetown Holdings.Bridgetown Holdings Limited is backed by Thiel...
Why X and Meta face pressure from EU on Israel-Hamas war disinformation
Days after the Israel-Hamas war erupted last weekend, social media platforms like Meta, TikTok and X (formerly Twitter) received a stark warning from a top European regulator to stay vigilant about disinformation and violent posts related to the conflict.The messages,...
Elon Musk’s X illegally fired employee who challenged RTO plans: NLRB
NEW YORK, US - SEPTEMBER 17: Elon Musk arrives at the Turkish House to meet with Turkish President Recep Tayyip Erdogan ahead of the 78th session of the United Nations (UN) General Assembly in New York, United States on September 17, 2023. (Photo by Fatih...
Tether promotes CTO to CEO, taking over from mysterious crypto boss
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022.Justin Tallis | Afp | Getty ImagesPaolo Ardoino, the chief technology officer for Tether, has been...
Meta says it’s stepping up safety enforcement during Israel-Hamas war
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesMeta is expanding its enforcement of its policies against violent posts and misinformation amid the Israel-Hamas war as...
Microsoft closes Activision Blizzard deal after regulatory review
Satya Nadella, CEO of Microsoft Corp., during the company's Ignite Spotlight event in Seoul, Nov. 15, 2022.SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft has closed its acquisition of video game publisher Activision Blizzard, according to a regulatory filing by the...
Israel’s tech community responds to Israel-Hamas war
Israeli soldiers on a tank are seen near the Israel-Gaza border. Ilia Yefimovich | Picture Alliance | Getty ImagesOn Saturday, Dvir Ben-Aroya woke up expecting to go on his regular morning run. Instead, he was met with blaring alarms and missiles flying over Tel...
Canon launches ASML challenge with machine to make most advanced chips
Canon, the Japanese firm well known for its cameras and printers, is ramping up efforts in the semiconductor manufacturing equipment space.Brian Ach | Getty ImagesCanon, the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it...
Qualcomm to cut roughly 1,258 jobs in California
Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesQualcomm is cutting about 1,258 jobs in two of its California offices, according to...
Google opening Visitor Experience cafe, retail store, event space
Google has opened its first west coast visitor Experience" center which is located by its Mountain View headquarters.Mark WickensGoogle is opening a sliver of its main campus to the general public starting this week.The company opened its doors to what it's calling...
Flexport is laying off 20% of its workforce
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022.Bloomberg | Bloomberg | Getty ImagesSupply chain software startup...
China lets Ehang operate fully autonomous, passenger-carrying air taxis
An EHang all-electric Vertical Takeoff and Landing (eVTOL) two-passenger multicopter aircraft, performs an unmanned display flight at a Korean government event at Yeouido island in Seoul on November 11, 2020.Ed Jones | Afp | Getty ImagesBEIJING — Self-driving air...
Secret recording of Caroline Ellison meeting exposed in SBF trial
Caroline Ellison, former chief executive officer of Alameda Research LLC, leaves Manhattan Federal Court after testifying during the trial of FTX CEO Sam Bankman-Fried, on October 10, 2023 in New York City. Michael M. Santiago | Getty ImagesIn an all-hands meeting on...
Billboards in Tel Aviv were briefly hacked, display pro-Hamas messages
Israel supporters hold flags as they protest, following Hamas' biggest attack on Israel in years, in Bogota, Colombia October 9, 2023.Luisa Gonzalez | ReutersCybersecurity threats in Israel are mounting amid the Israel-Hamas war, including two hijacked smart...
Europe investigating Elon Musk’s X about Israel-Hamas misinformation
A European regulator said Thursday that it sent a formal request to X, formerly known as Twitter, to obtain information related to the spread of illegal content and disinformation on the service amid the Israel-Hamas conflict.Thierry Breton, the European commissioner...
Microsoft-Activision Blizzard takeover approved by UK regulator CMA
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022.Dado Ruvic | ReutersBritain's top competition watchdog on Friday gave the green light to Microsoft's proposed $69 billion takeover of gaming...
Tesla whistleblowers filed complaint to SEC in 2021: What it said
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023.Brandon Bell | Getty ImagesIn the fourth quarter of 2021, a Tesla employee and a tech industry researcher jointly filed a whistleblower complaint to the U.S. Securities and Exchange Commission,...
Caroline Ellison cross-examination in Bankman-Fried fraud trial
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Ellison, ex-girlfriend of FTX co-founder Sam Bankman-Fried, outlined for a New York jury Wednesday how she worked with Sam...
Amazon says October Prime Day outpaces last year’s event
An Amazon worker moves a cart filled with packages at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia.Justin Sullivan | Getty ImagesAmazon's fall Prime deals bonanza "outpaced" last year's event, the company said Thursday, as discount-hungry...
Europe gives TikTok 24 hours to respond about Israel-Hamas war misinformation
TikTok CEO Shou Zi Chew prepares to testify before the House Energy and Commerce Committee hearing on "TikTok: How Congress Can Safeguard American Data Privacy and Protect Children from Online Harms," on Capitol Hill, March 23, 2023, in Washington, DC.Jim Watson | AFP...
New jobs, side hustles reviewing AI are being spawned
The logo of generative AI chatbot ChatGPT, which is owned by Microsoft-backed company OpenAI.CFOTO | Future Publishing via Getty ImagesArtificial intelligence might be driving concerns over people's job security — but a new wave of jobs are being created that focus...
Elon Musk’s X responds to EU over ‘illegal’ Israel-Hamas content
Linda Yaccarino: CEO of X speaking with CNBC's Sara Eisen on Aug. 10th, 2023.CNBCLinda Yaccarino, CEO of X, formerly known as Twitter, on Thursday laid out how the social media platform is tackling potential illegal content related to the Israel-Hamas conflict after...
DOJ sues eBay for ‘rolling coal’ devices; fines could hit $2 billion
F-450 coal rollingCourtesy: Salvatore Arnone | Wikipedia CCEbay could be on the hook for as much as $2 billion in fines for allegedly allowing hundreds of thousands of "rolling coal" pollution devices and other products that violate environmental laws to be sold on...
YouTube passes Netflix as top video source for teens
Teenagers in the U.S. say they watch more videos on YouTube than Netflix, according to a new survey from investment bank Piper Sandler.Teens polled by the bank said they spent 29.1% of their daily video consumption time on Google-owned YouTube, beating out Netflix for...
Uber Eats now lets you order from two stores at the same time
The Uber Eats app on a smartphone in Dobbs Ferry, New York, on Feb. 6, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesUber announced Wednesday that its Uber Eats app now allows customers to order from two stores at the same time.So, for example, if you want to...
IRS says Microsoft owes an additional $29 billion in back taxes
Microsoft CEO Satya Nadella arrives at federal court in Washington, D.C., on Oct. 2, 2023.Drew Angerer | Getty ImagesMicrosoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in...
Alphabet’s AI lab, DeepMind, cut employee costs by nearly 40% in 2022
DeepMind CEO Demis Hassabis at a 2017 event in China.Source: AlphabetAlphabet's AI lab, DeepMind, cut employee costs by 39% last year, according to a recent filing with a U.K. government agency.For the 2022 financial year, staff costs and other related expenses were...
Caroline Ellison said SBF considered raising from MBS to repay FTX
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty ImagesCaroline Ellison, who ran Sam Bankman-Fried's crypto hedge fund while also dating the FTX founder,...
Europe gives Zuckerberg 24 hours to respond about Israel-Hamas misinfo
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesEuropean regulator Thierry Breton shared a letter to Meta CEO Mark Zuckerberg Wednesday urging the billionaire to be...
Klarna launches AI image recognition tool for shopping
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 |...
Europe gives Musk 24 hours to respond about Israel-Hamas war misinformation on X
X CEO Elon Musk leaves a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Mandel Ngan | Afp | Getty ImagesA European regulator has issued Elon Musk a stern warning about the spread of illegal...
Israeli schools urge parents to tell kids to delete Instagram, TikTok
An Israeli soldier gestures in an armoured vehicle as they drive along a street near the northern town of Kiryat Shmona close to the border with Lebanon on October 10, 2023. Israeli forces on October 10 launched artillery fire at Lebanon after rocket fire towards...
Phones with self-healing displays to arrive by 2028, analysts predict
A Samsung Galaxy S23 Ultra smartphone.SeongJoon Cho | Bloomberg via Getty ImagesSmartphones with displays capable of repairing themselves could start appearing on the market by 2028, according to analyst firm CCS Insight.In its roundup of top tech predictions for 2024...
Samsung Electronics expects third quarter profit to plunge 78%
People walk past an advertisement for Samsung Galaxy S23 phones at the company's Seocho building in Seoul on April 7, 2023.Jung Yeon-je | Afp | Getty ImagesSouth Korean chip giant Samsung Electronics is expecting a 78% drop in operating profit in the quarter ended...
Most Europeans want government restrictions on AI, says study
Privately held companies have been left to develop AI technology at breakneck speed, giving rise to systems like Microsoft-backed OpenAI's ChatGPT and Google's Bard.Lionel Bonaventure | AFP | Getty ImagesA majority of Europeans want government restrictions on...
Utah sues TikTok for allegedly misleading users about safety, China
Utah Governor Spencer Cox welcomes U.S. President Joe Biden before he spoke at the George E. Wahlen Department of Veterans Affairs Medical Center on August 10, 2023 in Salt Lake City, Utah.George Frey | Getty ImagesUtah is the latest state to file suit against TikTok,...
How to leave a FaceTime video message on iOS 17 for iPhone
Facetime on an iPhoneChris Ratcliffe | Bloomberg | Getty ImagesA new Apple iOS 17 feature gives you the option to leave a video message if your FaceTime goes unanswered.As long as you have an iPhone from 2018 or later, and you update your phone's software, you can...
Caroline Ellison took almost 30 seconds to recognize ex-boyfriend SBF
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty ImagesCaroline Ellison, the former head of Sam Bankman-Fried's crypto hedge fund and the...
Pushing into wearables as covid fades
Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAbbott Laboratories CEO Robert Ford took the stage at the HLTH conference in Las...
Microsoft announces Microsoft Fabric and Azure AI tools for doctors
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 on Tuesday announced new data and artificial...
AMD acquires Nod.AI AI startup as it seeks to catch up with Nvidia
Lisa Su, CEO, AMDScott Mlyn | CNBCAMD announced Tuesday it will acquire Nod.AI, an open-source AI software startup, in order to expand the chipmaker's AI software operations.Nod.AI, or Nod Labs, builds open-source technologies "for future AI systems," according to the...
Google Passkeys now default login option for Google accounts
Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developers conference at Shoreline Amphitheatre in Mountain View, California, May 10, 2023.Justin Sullivan | Getty Images News | Getty ImagesGoogle is continuing its move toward creating a...
SBF’s ex-girlfriend Caroline Ellison takes the stand as government’s star witness
Zoom In IconArrows pointing outwardsGovernment Exhibit 1802SDNYCaroline Ellison, the government's star witness in its criminal case against the disgraced former CEO of bankrupt crypto exchange FTX, is expected to take the stand on Tuesday, as the criminal trial of Sam...
Inside Sam Bankman-Fried’s $35 million crypto frat house in Bahamas
Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided.Source: SDNYSam Bankman-Fried has traded a luxury penthouse in the Bahamas for a decidedly...
Chinese EV maker Xpeng suspends supply chain VP after corruption probe
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 ImagesChinese automaker Xpeng on Tuesday said it...
Chip losses weigh on profit
Customers experience Samsung's new flagship fold-screen phone Galaxy Z Fold5 at a Samsung sales store in Hangzhou, East China's Zhejiang province, Aug. 14, 2023.Costfoto | Nurphoto | Getty ImagesSamsung Electronics earnings are expected to plunge nearly 80% in the...
Unity CEO John Riccitiello retiring from gaming software company
Unity Software CEO John Riccitiello speaks onstage during TechCrunch Disrupt SF 2018 in San Francisco on Sept. 5, 2018.Steve Jennings | TechCrunch | Getty ImagesUnity CEO John Riccitiello is retiring from the gaming software company following a controversial pricing...
Singapore’s digital economy nearly doubled in 5 years
Vistors to Marina Bay walk on a bridge with a view of the Central Business District in Singapore on Sunday, 18 June 2023. (Photo by Joseph Nair/NurPhoto via Getty Images) (Photo by Joseph Nair/NurPhoto via Getty Images)Joseph Nair | Nurphoto | Getty ImagesSINGAPORE —...
Samsung, SK Hynix get indefinite waivers on U.S. chip equipment
Samsung Electronics Co. 4GB Double-Data-Rate (DDR) 3 memory module, top, and 8GB DDR 3 memory modules are arranged for a photograph in Seoul, South Korea, on Tuesday, July 9, 2019.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korean chip giants Samsung and SK Hynix...
Generative AI will get a ‘cold shower’ in 2024, analysts predict
An AI sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersThe buzzy generative artificial intelligence space is due something of a reality check next year, an analyst firm predicted Tuesday, pointing to fading hype...
X, formerly Twitter, amplifies disinformation amid the Israel-Hamas conflict
From the outset of this weekend's Israel-Hamas conflict, graphic footage of abductions and military operations have spread like wildfire on social media platforms, including X, formerly known as Twitter. But disinformation on the platform has made it harder for users...
Tesla stock dips after China EV sales fall 11%
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla stock dipped about 2% Monday after its sales of China-made electric vehicles decreased by 10.9% year-over-year for the...
Nvidia cancels AI Summit in Tel Aviv following Hamas attack on Israel
Nvidia CEO Jensen Huang wearing his usual leather jacket.GettyNvidia canceled its AI conference in Tel Aviv next week due to safety concerns, as Israel ordered a siege of Gaza following the Hamas attack on Israel over the weekend.Nvidia had scheduled its in-person AI...
Amazon hikes UK pay, plans to hire 15,000 seasonal workers
Amazon packages move on a conveyer belt at a fulfillment center in England.Nathan Stirk | Getty ImagesAmazon is planning to hike pay for its operations workers in the U.K. and add 15,000 new staff ahead of the holidays, as the e-commerce giant prepares itself for a...
Google announces new generative AI search capabilities for doctors
Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle Cloud on Monday announced new artificial intelligence-powered search capabilities that it said will help health-care...
China targets boost in computing power as AI race with U.S. ramps up
An undated conceptual illustration of China's technology aspirations.Yaorusheng | Moment | Getty ImagesChina plans to increase its computing power by 50% by 2025, the country's key ministries said Monday, as it looks to keep pace with the U.S. in artificial...
The biggest mistake bosses make when trying to be honest with workers
A scene from "The Office."NBC-TVIf you've watched HBO's "Silicon Valley" or NBC's "The Office," you've seen several examples of obnoxious aggression and manipulative insecurity exhibited by leaders. It almost goes without saying that actual managers shouldn't look to...
After solar, this is big money decision about controlling home power
A customer inspects a Tesla Motors Inc. Powerwall unit inside a home.Ian Thomas Jansen-Lonnquist | Bloomberg | Getty ImagesAfter a summer of extreme weather and wildfires and now during the peak of hurricane season, the power going out again is becoming familiar to...
Amazon sellers sound off on the FTC’s ‘long-overdue’ antitrust case
A worker sorts out parcels in the outbound dock at the Amazon fulfillment center in Eastvale, California, on Aug. 31, 2021.Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty ImagesIt was late in the day on Oct. 27, 2021, when Fred Ruckel...
Snap AI chatbot investigation set in UK over teen-privacy concerns
The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, Jan. 29, 2021.Gabby Jones | Bloomberg | Getty ImagesSnap is under investigation in the U.K. over potential privacy risks associated with the company's generative artificial intelligence...
Sex, Signal messages and sabotaging FTX’s code: SBF criminal trial
Witness Adam Yedidia answers questions during Sam Bankman-Fried fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, October 5, 2023, in this courtroom sketch.Jane Rosenberg | ReutersTwo of Sam Bankman-Fried's...
DOJ scrutinizing Kazakh Freedom Holding after hit by short sellers
Freedom Holding CEO Timur Turlov speaks during a press interview in Moscow, Russia, Oct. 10, 2019.Maxim Shemetov | ReutersFreedom Holding, a Nasdaq-traded Kazakh financial firm that's been the target of prominent short sellers, is being investigated by federal...
Why superyacht builders are investing in solar
Early tech adopters are investing in a new toy: solar-powered electric yachts.Across the globe superyachts are already a must-have for today's rich and famous. There are some 5,555 of them navigating the world's oceans and seas, according to SuperYacht Times' State of...
How to create AI yearbook pictures with viral Epik app
People are leaning into childhood nostalgia and creating school yearbook photos thanks to the newest AI-powered social media trend. Epik, a free-to-download photo editing app, offers a '90s-style yearbook photo edit that has gone viral on Instagram and TikTok. The...
Tesla cuts Model 3, Model Y prices in the U.S. after deliveries fall
A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022.David Paul Morris | Bloomberg | Getty ImagesTesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market...
Apple considered buying Bing from Microsoft in 2018
John GiannandreaDavid Paul Morris | Bloomberg | Getty ImagesApple considered buying the Bing search engine or making a "multibillion dollar investment" in a joint venture with Microsoft in 2018, according to a transcript of testimony from Apple's head of machine...
Alibaba’s Lazada woos sellers affected by Indonesia’s e-commerce ban
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited's Shopee and Tokopedia, according to Momentum Works.Matt Hunt | Lightrocket | Getty ImagesLazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is courting sellers affected by...
SEC sues to force Elon Musk to testify in Twitter probe
The U.S. Securities and Exchange Commission sued Elon Musk on Thursday in an effort to compel the billionaire to testify over his purchase of Twitter last year.Attorneys representing the SEC alleged in a legal filing released in the Northern District of California...
DuckDuckGo CEO testified about talks with Apple to replace Google
Apple once considered replacing Google as its default search engine in private browsing mode on its products in favor of DuckDuckGo, according to recently unsealed testimony by the rival search CEO."Our take was that they were actually really interested in this,"...
How to create custom stickers in iOS 17 for iMessage on iPhone
Apple stickersSource: AppleApple recently released iOS 17, the latest big update that's available for anyone with an iPhone from 2018 or later. One of the features I've been using most is the new customizable sticker emoji. You can, for example, make a sticker from...
Neuralink rival Precision Neuroscience buys factory in brain implants
Employees working in Precision's manufacturing facilityCourtesy: Precision NeuroscienceNeurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical...
Regent aims to fly its electric seagliders over the waterways of Japan
Billy Thalheimer (CEO) and Michael Klinker (CTO) of REGENT with a full-scale mockup of their first electric seaglider.Courtesy REGENTRegent, a startup developing electric seagliders to transport people and cargo, has raised a $60 million round of venture funding and...
Amazon shuts down Amp live audio service
Amp, a live audio app that lets users DJ their own show, is seen on a smartphone.AmazonAmazon is shutting down its live audio service, called Amp, the company confirmed to CNBC.Amp allows users to host their own live show, where callers can join and request to speak....
Elon Musk’s X gets rid of story headlines and links for some users
X (formerly Twitter) CEO Elon Musk leaves a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Mandel Ngan | AFP | Getty Images On Elon Musk's X, the site formerly known as Twitter, some users...
Cocoa bean trader who lost $100,000 to FTX first witness in SBF trial
Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023.Artist: Claudia JohnsonMarc-Antoine Julliard typically trades cocoa beans. But in the spring of 2021, the London-based commodities broker decided to diversify into cryptocurrency trading....
LG Energy Solution to supply EV batteries to Toyota
South Korea's LG Energy Solution signed an agreement to supply Toyota, the world's largest automaker, with lithium-ion batteries for electric vehicles that will be assembled in the U.S., the companies said on Wednesday.The deal will support Toyota's expanding battery...
Amazon and Microsoft’s cloud dominance referred for UK competition probe
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 ImagesBritain's anti-competition...
Ex-Tesla factory worker loses bid for new trial in race bias
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California.Justin Sullivan | Getty ImagesA Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after...
AI startup Prophetic aims to build headset that lets you control dreams
Prophetic AICourtesy: Prophetic AIWhen Eric Wollberg and Wesley Berry met in March, Wollberg was chasing the idea of using lucid dreams to explore consciousness and Berry was working with the musician Grimes on translating neural signals into art. Both were fascinated...
Google Pixel 8, Pixel 8 Pro and Pixel Watch 2 announced
Google's new Pixel lineup including the Pixel 8, the Pixel 8 Pro, the Pixel Watch 2, and the Pixel Buds Pro.GoogleGoogle announced two new Pixel phones and its latest Pixel smartwatch on Wednesday during its Made by Google event in New York City. The new Pixel 8 and...
Apple iPhone 15 overheating fix released in iOS update
Apple iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. Patrick T. Fallon | AFP | Getty ImagesApple released iOS 17.0.3 on Wednesday, including a fix for an issue that...
Veteran execs from Tesla, Northvolt hatch plan to scale grid batteries
Cameron Dales (L), president and chief commercial officer of Peak Energy, and Landon Mossburg, the CEO of Peak Energy, on a hike in the earliest days of the company. The mountains of Colorado in the background inspired the name of the company, Peak Energy.Photo...
Uber will now pick up your UPS, FedEx and USPS packages
Uber Shipping.Courtesy: UberUber announced Wednesday it's now offering return package shipping through mail carriers through its Uber and Uber Eats apps.The apps, traditionally used for ride-hailing and food delivery services, now offer the "return a package" feature,...
Tech stocks still sliding after closing out their worst month of 2023
Leonardo Munoz | View Press | Corbis News | Getty ImagesTech stocks are following up their worst month of the year with a rough start to October as a spike in interest rates pushes investors out of risky assets.The Nasdaq fell 1.9% on Tuesday to close at 13,059.47....
Sam Bankman-Fried trial witness list: Scaramucci, Ellison, more
On day one of Sam Bankman-Fried's criminal trial, assistant U.S. attorney, Danielle Sassoon, rattled off a lengthy list of potential witnesses who might be called to testify for either the government or the defense.The list, which was compiled jointly by both sides,...
Intel plans to IPO programmable chip unit within three years
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022.Tom...
Ripple obtains full license to operate in Singapore
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023.Joseph Nair | Bloomberg | Getty ImagesCryptocurrency company Ripple said on Wednesday that it has obtained a major...
TikTok halts e-commerce service in Indonesia following ban
A merchant sells crystal ornaments via a live TikTok broadcast.CFOTO | Future Publishing | Getty ImagesTikTok Indonesia said it will end transactions on its e-commerce marketplace by Thursday, in order to comply with new local regulations.The announcement comes after...
Sam Bankman-Fried trial begins; jury should be selected by Wednesday
Sam Bankman-Fried was sporting a fresh look at the first day of his trial Tuesday, with a spiffy new haircut reportedly given by a fellow inmate at the jail in Brooklyn where he's been incarcerated since August over alleged witness tampering. The former CEO of...
U.S. smartphones will sound off for FEMA test at 2.20 pm ET Wednesday
Djelics | E+ | Getty ImagesIf your phone, television, or radio makes an alarming sound tomorrow around 2:20 p.m. ET Wednesday, don't freak out. It's only a test.The Federal Emergency Management Agency and the Federal Communications Commission are set to test the...
Meta’s news partnership head Campbell Brown is leaving the company
Campbell Brown speaks onstage at the Peabody-Facebook Futures Of Media Awards at Hotel Eventi on May 19, 2017 in New York City.Getty ImagesMeta said Campbell Brown, the company's top executive responsible for handling partnerships with news publishers, is leaving the...
Driverless Cruise car traps woman after hit and run incident
A woman crossing a normally busy stretch of downtown San Francisco suffered serious injuries Monday night after a hit-and-run driver struck her, throwing her into the path of an oncoming driverless Cruise car, which then ran her over, according to video recorded by...
Google is making big changes to prevent Gmail spam
The Gmail application is seen on a portable device on Dec. 6, 2017.NurPhoto | NurPhoto | Getty ImagesGoogle will make it harder for spammers to send messages to Gmail users, the company said Tuesday.The company said it will require emailers who send more than 5,000...
Meta wants to charge European users to access Instagram, Facebook: Report
In this photo illustration, the Meta Platforms logo is seen displayed on a smartphone and the words "Monthly subscription" and logos Facebook and Instagram.Rafael Henrique | Lightrocket | Getty ImagesMeta is considering charging its European users nearly $14 a month...
Sam Bankman-Fried criminal trial starts today — here’s what’s at stake
A year ago, Sam Bankman-Fried was revered as a titan of the industry and living large at a $40 million penthouse in the Bahamas, while he ran a crypto empire valued at $32 billion. On Tuesday morning in a Manhattan federal court in New York, the now disgraced founder...
Microsoft CEO testifies about competing with Google in antitrust trial
Microsoft CEO Satya Nadella arrives at federal court on October 2, 2023 in Washington, DC. Nadella is testifying in the antitrust trial to determine if Alphabet Inc.'s Google maintains a monopoly in the online search business, which is expected to last into...
Sam Bankman-Fried considered paying Trump $5 billion not to run: Lewis
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023.Eduardo Munoz | ReutersSam...
The inside story of Dave Clark’s tumultuous last days at Flexport
Dave Clark (L) and Ryan Petersen (R)Getty ImagesOn Sept. 13, Flexport founder Ryan Petersen took the stage at North America's premier supply chain conference in Phoenix. It was exactly a week after he'd forced out his hand-picked successor as CEO, ex-Amazon executive...
Bitcoin climbs above $28,000, hitting highest level since mid-August
The logo for Bitcoin on a screen in Hong Kong, China, on Wednesday, May 24, 2023.Paul Yeung | Bloomberg | Getty ImagesCrypto prices rallied on Monday, pushing bitcoin to its highest level in more than a month.Bitcoin rose more than 4.5% to $28,329, for its highest...
Tesla (TSLA) Q3 2023 vehicle delivery and production numbers
SHANGHAI, CHINA - SEPTEMBER 06: Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesTesla posted...
Bill Ackman hasn’t talked to Elon Musk about X investment for Pershing ‘SPARC’
Elon Musk (L) and Bill AckmanReuters (L) | CNBC (R)Activist investor Bill Ackman on Monday told CNBC he had not spoken with Elon Musk about a deal involving X, formerly known as Twitter, but that he likes the business and Musk and suggested a deal with X would be...
FTX customers who lost fortune are doubling down on crypto
FTX's multibillion-dollar cryptocurrency blowup hasn't destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar worth of cryptocurrency back, they're...
Amazon customers report false email confirmations for gift cards
Sheldon Cooper | Lightrocket | Getty ImagesAmazon customer service representatives this weekend have been handling a wave of inquiries from customers who received suspicious and confusing email confirmations about gift card purchases they had not made.Customers on...
How GlobalFoundries aims to remain world’s third-biggest chip foundry
In its short 14-year history, GlobalFoundries has risen to become the world's third-largest chip foundry. Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies.But it's...
Apple will issue a software update to address iPhone 15 overheating complaints
Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023.Alexi Rosenfeld | Getty ImagesApple said on Saturday that it will issue a software update that would address...
Meta has Apple to thank for giving its VR conference added sizzle
Andrew Bosworth, Chief Technology Officer of Facebook, speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023.Josh Edelson | AFP | Getty ImagesAt Meta's annual Connect conference this week focused on virtual reality and...
Biden’s pro-competition agenda gets tested with net neutrality, trials
U.S. President Joe Biden delivers remarks prior to signing an executive order on "promoting competition in the American economy" during an event in the State Dining Room at the White House in Washington U.S., July 9, 2021.Evelyn Hockstein | ReutersJoe Biden has...
Fugitive founder of 3AC crypto hedge fund arrested in Singapore
Sopa Images | Lightrocket | Getty ImagesAuthorities have arrested crypto fugitive Su Zhu, co-founder of bankrupt digital asset hedge fund Three Arrows Capital, who was apparently attempting to flee Singapore at the time.Liquidators handling the bankruptcy estate of...
Supreme Court to hear Texas and Florida social media cases
Lorenzo Di Cola | Nurphoto | Getty ImagesThe Supreme Court on Friday said it will decide whether it's constitutional for Texas and Florida to prevent social media companies from banning users over potentially harmful rhetoric.The states have both passed legislation...
One of the biggest EV decisions you’ll make isn’t which car to buy
Tesla electric car in driveway being charged at a home with an EV charger in residential neighborhood, Moscow, Idaho.Ucg | Universal Images Group | Getty ImagesAs all-electric vehicles become more popular and incentives for renewable energy proliferate, many early EV...
Apple expresses concern over China’s foreign app restrictions: Report
Apple CEO Tim Cook delivers remarks during an Apple special event on September 12, 2023 in Cupertino, California. Apple is set to unveil the new iPhone 15 and Apple Watch. Justin Sullivan | Getty ImagesApple expressed concern to Chinese officials in recent months over...
JPMorgan Chase UK shouldn’t ‘deplatform’ crypto industry
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesCoinbase CEO Brian Armstrong is unhappy with JPMorgan Chase's decision to block...
‘AI is transformative for the geopolitical order,’ political scientist Ian Bremmer says
Artificial Intelligence will have significant impacts on geopolitics and globalization, Ian Bremmer told CNBC.Leigh Vogel | Getty Images Entertainment | Getty ImagesArtificial Intelligence will have a significant impact on both geopolitics and globalization, according...
EEOC sues Tesla alleging widespread racist harassment of Black workers
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, on May 11, 2020.David Paul Morris | Bloomberg | Getty ImagesThe U.S. Equal Employment Opportunity Commission has sued Tesla, accusing Elon Musk's electric car maker of violating "federal law by...
TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban
TOPSHOT - A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java on September 27, 2023. Indonesia has banned goods transactions on social media platforms such as TikTok, Facebook or...
AMD stock pops after Microsoft CTO touts chipmaker’s AI products
Lisa Su, CEO, AMDScott Mlyn | CNBCShares of AMD rose 5% on Thursday, a day after Microsoft's technology chief executive said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates.So far this year, Nvidia shares have almost tripled...
Epic Games is eliminating 16% of its workforce and selling Bandcamp
Epic Games CEO Tim Sweeney speaks onstage during Samsung Unpacked New York City at the Barclays Center in Brooklyn, New York, on Aug. 9, 2018.Mike Coppola | Getty Images Entertainment | Getty ImagesEpic Games on Thursday said it's laying off 16% of its workforce,...
Michael Gambon, actor who played Dumbledore in ‘Harry Potter’ films, dies at 82
Michael GambonAaron Davidson | Getty Images Entertainment | Getty ImagesActor Michael Gambon, known for playing Professor Albus Dumbledore in multiple "Harry Potter" movies has died, his family said in a statement Thursday.He was 82."We are devastated to announce the...
China’s chip firms see revenue surge as Beijing seeks self-reliance
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 | ReutersRevenue from China's top chip equipment makers surged in the first half of...
GameStop names Ryan Cohen as CEO effective immediately
GameStop Chairman Ryan Cohen.Source: CNBCGameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive.Shares of the company jumped nearly 10% in premarket trading following the...
Meta CEO Zuckerberg looks to digital assistants, AI to push metaverse
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 has new artificial intelligence tools and celebrity-endorsed digital assistants that CEO...
VinFast aims to sell up to 50,000 EVs in 2023 — but it’s far from its target
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023.Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic,"...
Microsoft technology chief says supply of Nvidia AI chips is improving
Nilay Patel, left, editor-in-chief of the Verge, and Kevin Scott, Microsoft's chief technology officer, speak at Vox Media's Code Conference at The Ritz-Carlton Laguna Niguel in Dana Point, California, on Sept. 27, 2023.Jerod Harris | Vox Media | Getty ImagesMicrosoft...
Meta announces new Quest 3 VR headset as Apple competition looms
Meta announced Quest 3, a sequel to the best-selling VR headset of all time, on Wednesday.The device, starting at $499, is more expensive than its predecessor by $200, but it includes a more powerful chip from Qualcomm, better screens, and an ability called...
Amazon hires former Microsoft product chief to oversee devices unit
Panos Panay, chief product officer of Microsoft Corp., displays the new Surface Laptop 3 computer during a Microsoft product event in New York, U.S., on Wednesday, Oct. 2, 2019. Microsoft unveiled a dual-screen, foldable phone that will run on Google's Android...
Flexport loses CFO, HR chief weeks after ouster of CEO Dave Clark
Three weeks after Flexport founder Ryan Petersen fired Dave Clark as CEO and returned to run his supply chain software startup, the company has ousted its chief financial officer, and its human resources chief has resigned, CNBC has learned.Flexport informed CFO Kenny...
Amazon lawsuit protects ‘free and fair competition’: FTC’s Lina Khan
FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesOne day after filing a massive antitrust lawsuit against Amazon,...
Binance to sell Russia business for undisclosed amount
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023.Justin Sullivan | Getty ImagesCryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull...
Apple’s Eddy Cue defends default search contract with Google in trial
Apple senior vice president for services Eddy Cue arrives at the Prettyman U.S. Courthouse in Washington, D.C., on Sept. 26, 2023.Chip Somodevilla | Getty ImagesEddy Cue, Apple's senior vice president of services, testified on Tuesday that the company chose to make...
Indonesia to ban purchases on social media platforms like TikTok
Two sellers offering merchandise for sale through a TikTok livestream.Bay Ismoyo | Afp | Getty ImagesIndonesia's ministry of trade said Tuesday it is working to further regulate e-commerce, adding that the country does not allow transactions on social media...
SoftBank-backed Improbable slashes losses by 85% after metaverse pivot
Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon.Henrique Casinhas | Sopa Images | Lightrocket | Getty ImagesVirtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw...
FTC and 17 states sue Amazon on antitrust charges
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty ImagesThe Federal Trade Commission has filed its long-anticipated antitrust...
JPMorgan’s UK digital bank blocks customers from buying crypto
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021.David Paul Morris | Bloomberg | Getty ImagesChase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets.The company...
Where are bitcoin miners in 2023: Texas
Foundry's Kevin Zhang with Jihan Wu, the founder and chairman of Bitdeer and a co-founder of Bitmain.Kevin ZhangCrypto winters don't scare Kevin Zhang, who has been in the business of mining bitcoin for ten years. He's lived through a few bear markets in the last...
Meta’s Twitter-like Threads tries to grow amid rivalry with Elon Musk’s X
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta's Threads real-time messaging app is struggling to attract new users like it did during its blockbuster July debut.The Twitter clone now ranks near the bottom of the most popular social media platforms, ahead of only...
AI chip firm Kneron raises $49 million as it looks to rival Nvidia
Albert Liu, founder and CEO of Kneron.Harry Murphy | Sportsfile | Getty ImagesKneron, a U.S.-based semiconductor startup, said on Tuesday it raised a fresh round of funding as it looks to ramp up the commercialization of its artificial intelligence chips, which it...
Alibaba plans to IPO its logistics unit Cainiao
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersAlibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing on...
Apple exec Eddy Cue testify Google trial about $19 billion search deal
Eddy Cue, senior vice president of services at Apple Inc.David Paul Morris | Bloomberg | Getty ImagesApple senior vice president of services Eddy Cue is expected to testify all day Tuesday in federal court where the U.S. Department of Justice is accusing Google of...
‘Cash-flow’ podcaster made off with millions in Ponzi scheme: SEC
People exit the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C., on May 12, 2021.Andrew Kelly | ReutersAn Ohio podcast host ran an $11 million Ponzi scheme that defrauded more than 50 investors with false claims of helping them become a...
Carousell says on track to profitability, set to reduce losses in 2023
Secondhand goods marketplace Carousell expects to "healthily" reduce its losses this year, putting it on track to profitability, the firm's CEO told CNBC."This year, we continue to expect revenue to grow healthily. And I think in a very promising sign, we actually are...
Microsoft is hiring a nuclear energy expert to help power data centers
Microsoft CEO Satya Nadella speaks at an event on the company's campus in Redmond, Washington, on Feb. 7, 2023.Chona Kasinger | Bloomberg | Getty ImagesArtificial intelligence takes a lot of compute power, and Microsoft is putting together a road map for powering that...
iPhone 15 Pro has Qualcomm modem, repairable phone frame: Analysis
Apple's iPhone 15 Pro and iPhone 15 Pro Max have a new frame design, which could make repairing the devices' screens or swaps of their batteries easier, according to a teardown analysis by iFixit, a parts vendor and gadget-repair advocate.However, iFixit gives the new...
ChatGPT can now ‘speak,’ listen and process images, OpenAI says
Sam Altman, chief executive officer of OpenAI, at an event in Seoul, South Korea, on Friday, June 9, 2023.Bloomberg | Bloomberg | Getty ImagesOpenAI's ChatGPT can now "see, hear and speak" — or, at least, understand spoken words, respond with a synthetic voice and...
Spotify will use AI to replicate and translate podcasters’ voices
CANNES, FRANCE - JUNE 20: Spotify's CEO and Co-Founder Daniel Ek (L) joins author and comedian Trevor Noah to discuss the future of storytelling at Spotify Beach on June 20, 2023 in Cannes, France. (Photo by David M. Benett/Dave Benett/Getty Images for Spotify)David...
Indonesia could be the ‘gateway’ to EV investments in ASEAN
Korean automobile manufacturer Kia displays the electric vehicle "EV6 GT-Line" during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023.Yasuyoshi Chiba | Afp | Getty ImagesIndonesia's EV-friendly policies have lured global investors...
Dawn Capital defies venture capital downturn with $700 million fund
Malte Mueller | Fstop | Getty ImagesDawn Capital, one of Europe's biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling down on its bid to find technology champions in the region at a time when venture capital...
Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI
Alain Jocard | AFP | Getty ImagesE-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company.The move underscores Amazon's aggressive AI push as it looks to keep...
Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
Yuichiro Chino | Moment | Getty ImagesTokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn't just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it's coming from crypto native players,...
Scooter company Bird delisted from NYSE, will trade over the counter
Woman rides a Bird e-scooter in southern California.Bird, a provider of electric scooters that consumers can rent in cities, said the New York Stock Exchange will suspend trading of its stock after the company failed to keep its market capitalization above $15 million...
New York is a tech startup hotbed after almost a decade of IPOs
Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on Aug. 3, 2023.DatadogAlbert Wang, a native Californian, moved to New York from Boston with his wife a decade ago and got a job as a product manager at Datadog,...
Apple CEO Tim Cook appears in New York to celebrate iPhone 15 release
Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store on September 22, 2022 in New York City. Alexi Rosenfeld | Getty ImagesApple CEO Tim Cook opened the company's Fifth Avenue store Friday in New...
Ethereum founder on U.S. crypto crackdown
Ethereum founder Vitalik Buterin in Prague.CNBCPRAGUE — For Vitalik Buterin, the idea of home is fleeting.The Russia-born coder, who built ethereum in his late teens, doesn't stay long in any one city anymore. Meanwhile, the list of places he won't go keeps...
Tech IPOs get ‘meh’ response from Wall Street: Arm, Instacart, Klaviyo
Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023.Courtesy: NasdaqAfter a 21-month tech IPO freeze, the market has cracked opened in the past week. But the early results can't be encouraging to any late-stage startups lingering on the sidelines.Chip...
HSBC-backed startup is using AI to help banks fight financial crime
The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz.Silent EightWARSAW — When it comes to financial crime, banks can often be "one decision away from a huge mess," Martin Markiewicz, CEO of Silent Eight told...
UK regulator says it may clear Microsoft’s new Activision Blizzard takeover offer
Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected.Nurphoto | Nurphoto | Getty ImagesLONDON — The U.K.'s competition regulator on Friday said Microsoft's...
Street Fighter, Resident Evil maker Capcom on synergy in films, gaming
PARIS, FRANCE - NOVEMBER 01: Gamers play the video game 'Street Fighter 6' developed and edited by Capcom during Paris Games Week 2022 at Parc des Expositions Porte de Versailles on November 01, 2022 in Paris, France. After two years of absence linked to the Covid-19...
Foodpanda confirms talks to sell part of its Asia business, layoffs
A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company's operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok's famed love affair with food is spilling...
States push to get to 20 million installed heat pumps by 2030
A coalition of 25 state governors announced a major push to reach 20 million deployed heat pumps by 2030, they said in New York City on Thursday.That would represent a quadrupling of the 4.8 million heat pumps that were installed in the United States in 2020,...
DuckDuckGo CEO testifies Google contracts limited its search business
Gabriel Weinberg, founder and chief executive officer of DuckDuckGo Inc., speaks during a Senate Judiciary Committee hearing in Washington, D.C., on Tuesday, March 12, 2019.Al Drago | Bloomberg | Getty ImagesGoogle's exclusive contracts proved to be an "obstacle" for...
Here’s everything Microsoft announced at its Surface and Copilot event
Microsoft Surface Laptop and TabletsCourtesy: MicrosoftMicrosoft on Thursday unveiled new Surface computers and shared details on the release of this year's version of Windows 11, including its embedded Copilot AI assistant, during an event in New York.The company...
Microsoft will sell AI assistant software to large clients in November
Satya Nadella speaking at the 2016 World Economic Forum in Davos, Switzerland.David A. Grogan | CNBC Microsoft said Thursday that starting Nov. 1, large companies will be able to buy Microsoft 365 Copilot, its AI supplement to core productivity apps like Word and...
Rupert Murdoch steps down as chairman of Fox and News Corp.
Rupert Murdoch introduces Secretary of State Mike Pompeo during the Herman Kahn Award Gala, in New York, Oct. 30, 2018Mary Altaffer | APRupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp., the company said on Thursday.The move...
Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
Splunk logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo taken in Krakow, Poland on October 30, 2021. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesCisco is acquiring cybersecurity...
Here’s everything the company just announced
Dave Limp, senior vice president of devices and services at Amazon.com Inc., speaks during the Amazon Devices and Services event at the HQ2 campus in Arlington, Virginia, on Sept. 20, 2023.Al Drago | Bloomberg | Getty ImagesAmazon introduced a "smarter and more...
AI is the rage, but gaming industry may not be ready to adopt it yet
Visitors play the Warriors All-Stars video game in the Koei Tecmo Holdings booth during the Tokyo Game Show 2017 at Makuhari Messe on September 21, 2017 in Chiba, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesTOKYO — Video games are in focus with the Tokyo...
The race for critical minerals used in clean energy
There are billions of tons and billions of dollars' worth of critical minerals including nickel, copper, cobalt and manganese lying at the bottom of the seafloor. These metals are vital to electric vehicle batteries and the clean energy transition, and they are found...
FTC charges three Amazon executives in amended complaint over Prime
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.Spencer Platt | Getty ImagesThe Federal Trade Commission on Wednesday updated its complaint against Amazon for its "deceptive" Prime sign-up and cancellation...
Instacart loses almost all its IPO gains by second day on Nasdaq
Sopa Images | Lightrocket | Getty ImagesInstacart shares slumped more than 5% in their second day of trading Wednesday, continuing a slide that began immediately after the stock hit the Nasdaq on Tuesday, and leaving it narrowly above its initial public offering...
Klaviyo jumps 23% in debut after software vendor priced IPO at $30
The New York Stock Exchange welcomes executives and guests of Klaviyo, Inc. (NYSE: KVYO), on Weds, September 20, 2023, to celebrate its initial public offering. To honor the occasion, Andrew Bialecki, Co-Founder & Chief Executive Officer, and Ed Hallen, CKlaviyo...
John Grisham, George R.R. Martin, other prominent authors sue OpenAI
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Craig Hudson |...
Biden launches American Climate Corps to train the green workforce
US President Joe Biden delivers remarks on his administration's environmental efforts at the Lucy Evans Baylands Nature Interpretive Center and Preserve in Palo Alto, California, on June 19, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesThe White House on...
In flurry of FAA approvals, drones are about to fly far over US skies
A rendering of P2 Zips charging at a docking station.ZiplineThis week, drone delivery company Zipline was granted Federal Aviation Administration approval to fly drones beyond the visual line of sight. That's a major milestone in efforts to extend the range of the...
UN chief calls for an end to $7 trillion in fossil fuel subsidies
Secretary-General Antonio Guterres remarks on Russian cancelation of Black Sea initiative to deliver grain and fertilizers to the world market during Security Council stakeout at UN Headquarters.Lev Radin | Lightrocket | Getty Images"Humanity has opened the gates to...
Elon Musk’s Neuralink is recruiting patients for its first human trial
Jonathan Raa | Nurphoto | Getty ImagesElon Musk's neurotech startup Neuralink will begin recruiting patients for its first in-human clinical trial, the company announced in a blog post Tuesday.Neuralink said its study, called the PRIME Study, is officially seeking...
It turns your hand into a button
The Apple Watch Series 9, 45mm version, in aluminum with the new Snoopy watch face.Apple is releasing new Apple Watch models, called Series 9, on Friday.The new Apple Watches look nearly identical to older models. This year's version comes in the same two display...
Apple, Goldman Sachs were planning a stock-trading feature for iPhones
Apple CEO Tim Cook holds a new iPhone 15 Pro during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Loren Elliott | ReutersAs equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple...
Elon Musk’s X, formerly Twitter, ranks last in climate misinformation ‘scorecard’
Environmental groups slammed Elon Musk's X app, formerly known as Twitter, in a report Wednesday ranking social media platforms on their approach to climate change misinformation. X ranked last in the scorecard because it's not clear the app has policies against the...
Artificial intelligence company moving from Miami to SF
Dan Kurtzman | Moment | Getty ImagesAn artificial intelligence company has announced it is moving from Miami to San Francisco.The incoming move may be the best news San Francisco city leaders could possibly get at this time, with venture capitalists coming along for...
Klaviyo valued at $9.2 billion after pricing IPO above range: Reuters
Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019.Barry Chin | Boston Globe | Getty ImagesMarketing automation company Klaviyo Inc secured a valuation of $9.2 billion in its initial public offering (IPO) on Tuesday, after...
ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023.Brendan McDermid | ReutersARK Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial...
Op-ed: FTC Amazon crackdown will help innovation: Bradley Tusk
The howls will begin the minute the FTC's lawsuit against Amazon hits the clerk's desk. "The FTC hates business!" "Lina Khan is a communist!" "This government is controlled by the far left!" Of course that's what most in the business community will say. It would be...
Microsoft projected fast gaming growth from ads, mobile transactions
Phil Spencer, CEO of Microsoft's gaming unit, arrives at federal court in San Francisco on June 28, 2023.Loren Elliott | Getty ImagesMicrosoft executives in 2022 predicted gaming growth would come from advertising and mobile purchases over the next several years,...
How to get Fortnite refund through FTC if kids bought gear
Sopa Images | Lightrocket | Getty ImagesFrustrated parents whose kids bought gear on the popular video game Fortnite without their permission may soon get some of their money back.The Federal Trade Commission on Tuesday said it has begun notifying more than 37 million...
Amazon adding 250,000 workers for the holidays and bumping average pay
A worker sorts out parcels in the outbound dock at the Amazon fulfillment center in Eastvale, California, on Aug. 31, 2021.Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty ImagesAmazon said Tuesday it's hiring 250,000 employees in the...
Pinterest rallies after executives say growth is reaccelerating
Bill Ready, CEO, Pinterest.Anjali Sundaram | CNBCPinterest shares rose as much as 5% on Tuesday after company executives said they expect year-over-year revenue growth to accelerate following a slowdown in 2022 and 2023.During its first investor day, the company...
Amazon devices unit morale wanes amid cuts, weak development pipeline
Amazon's Alexa home Echo is shown for sale in an Amazon retail store in San Diego, California, September 28, 2021.Mike Blake | ReutersSome workers within Amazon's once-storied hardware division – responsible for popular devices like the Kindle reader and Echo...
Instacart opens on Nasdaq at $42 in IPO
Justin Sullivan | Getty ImagesInstacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, after the grocery-delivery company's long-awaited IPO.The offering late Monday at $30 a share valued Instacart at about $10 billion on a fully diluted basis,...
Airbnb party preventer Naba Banerjee reduced parties 55% in two years
Naba Banerjee, AirbnbSource: Prashant Joshi | AirbnbNaba Banerjee is a proud party pooper. As the person in charge of Airbnb's worldwide ban on parties, she's spent more than three years figuring out how to battle party "collusion" by users, flag "repeat party houses"...
Amazon will now allow cashierless checkout for clothing
Customers carry their purchases as they leave the U.K.'s first branch of Amazon Fresh in the Ealing area of London, England, March 4, 2021.Leon Neal | Getty ImagesAmazon on Tuesday announced a new version of its cashierless checkout system, allowing customers to buy...
SBF’s parents sued by FTX for millions in ‘misappropriated funds’
Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder.In a Monday court filing, lawyers...
Biden to work with world leaders to ensure AI’s use for ‘opportunity’
US President Joe Biden addresses world leaders during the United Nations (UN) General Assembly on September 19, 2023 in New York City.Spencer Platt | Getty ImagesSpeaking at the United Nations General Assembly on Tuesday, U.S. President Joe Biden made comments about...
Lighter weight makes a huge difference
I've been testing Apple's two new Pro iPhones for the past several days. They hit store shelves on Friday.The two Pro iPhones are significant year-over-year upgrades, with improvements to the camera, an improved physical body, and a new button. Most important for me,...
New CNN CEO Mark Thompson will concentrate on CNN’s 5-year viability
A person walks past the headquarters of the Cable News Network (CNN) on November 17, 2022 in Atlanta, Georgia. Brandon Bell | Getty ImagesWhen former CNN Chief Executive Officer Chris Licht started running the news organization last year, he had a mission from his...
Microsoft’s Xbox plans revealed in emails tied to FTC case
An attorney with the Federal Trade Commission (FTC) carries an XBOX game console box following a hearing at the Phillip Burton Federal Building and U.S. Courthouse June 22, 2023 in San Francisco, California. Philip Pacheco | Getty ImagesA huge collection of purported...
Disney to invest more in theme parks, cruises
Disney World celebrated its 50th anniversary in April 2022.Aaronp | Bauer-Griffin | GC Images | Getty ImagesDisney said Tuesday it will nearly double its planned investment in the company's parks and cruises business.The company said in a securities filing it will...
Adaptive Audio and Conversation Awareness
Alongside new iPhones and Apple Watches, Apple is releasing a new version of its AirPods Pro this month.The 2nd Generation AirPods Pro with USB-C — a mouthful of a model name — don't have any radical hardware changes. Apple replaced the proprietary Lightning port with...
Musk says Twitter, now X, is moving to monthly subscriptions
Elon Musk discussed his plans for Twitter, now called X, on Monday during a livestreamed conversation with Israeli Prime Minister Benjamin Netanyahu. Among other things, Musk said the social network is "moving to having a small monthly payment for use of the X system"...
FBI director urges private sector to lend help in cyber intelligence
FBI Director Christopher Wray testifies during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill May 10, 2023 in Washington, DC.Drew Angerer | Getty ImagesWASHINGTON, D.C. – FBI Director Christopher Wray...
Instacart prices IPO at $30 a share
Fidji Simo, chief executive officer of Instacart Inc., speaks during a Bloomberg Studio 1.0 interview in San Francisco, California, U.S., on Thursday, March 3, 2022.David Paul Morris | Bloomberg | Getty ImagesInstacart, the grocery-delivery company that saw its...
Huawei’s chip breakthrough poses new threat to Apple in China
A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Aly Song | ReutersApple is facing a number of issues in China, with geopolitical risks mounting and the economy still not firing as many would have hoped.But the biggest...
Klaviyo raises IPO price range, aiming for $9 billion valuation
Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019.Barry Chin | Boston Globe | Getty ImagesKlaviyo is targeting a fully diluted valuation of up to $9 billion in its initial public offering after it raised the proposed price...
Citi debuts deposit and trade services on blockchains for institutional clients
Citi's bank branch in the central business district of Singapore on Feb. 12, 2018.Ore Huiying | Bloomberg | Getty ImagesCiti is upgrading some of its services for institutional clients using blockchain technology.The banking giant introduced Citi Token Services on...
Google, DoD built an AI-powered microscope to help doctors spot cancer
Dr. Niels Olson uses the Augmented Reality Microscope.U.S. Department of DefenseIn his office at the VA hospital in Seattle, Dr. Nadeem Zafar needed to settle a debate. Zafar is a pathologist, the kind of doctor that carries out clinical lab tests on bodily fluids and...
Apple just released its big annual iPhone update. Here's what's new and how to install it
There are a lot of changes, but here are some of the highlights in iOS 17 you need to know about.
Bitcoin breaks above $27,000 for the first time in September
Bitcoin is facing a number of headwinds including low liquidity which is contributing to volatility. U.S. regulators are also heavily scrutinizing the crypto industry.Nurphoto | Getty ImagesCryptocurrency prices rose broadly on Monday, with bitcoin climbing above...
Agility Robotics is opening a humanoid robot factory
Agility Robotics humanoid robot, Digit.Courtesy: Agility RoboticsAgility Robotics is wrapping up construction of a factory in Salem, Oregon, where it plans to mass-produce its first line of humanoid robots, called Digit. Each robot has two legs and two arms and is...
Tim Cook says Apple ‘constantly’ weighing advertising on Elon Musk’s X
Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023.Anna Moneymaker | Getty ImagesApple CEO Tim Cook said the company continues to...
Microsoft product chief Panos Panay is leaving the company
Panos Panay, Microsoft's chief product officer, talks about Windows 11 at the Windows 11 launch event that was streamed live on June 24, 2021.Source: MicrosoftMicrosoft's product chief, Panos Panay, will leave the software and hardware maker, executive vice president...
Apple iPhone 15 pre-order data is ‘better than feared’: Morgan Stanley
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 | ReutersLead time and preorders for Apple's latest iPhone are "better than feared," Morgan...
Tech IPOs are back, deal valuations are rising. Don’t get fooled again
Shopper using InstacartSource: InstacartAs tech startups test the IPO market again, they are pushing up their valuations.After last week's successful market debut of chip company Arm, two of the most eagerly anticipated IPOs of former high-flying startups have upped...
Tech trying to go public as value stock
When the Covid pandemic had many Americans declining to go to the grocery store in 2020, sales at online grocery startup Instacart rose 590%, and its venture capital valuation soared to $39 billion. As the San Francisco company prepares to go public this week, the...
Erdogan invites Elon Musk to build his next Tesla factory in Turkey
Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesTurkish President Recep Tayyip Erdogan invited Elon Musk to build...
Hollywood pays steep price for not figuring out streaming
People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023.Mario Tama | Getty Images News | Getty ImagesPicket signs have lined the gates of Hollywood's studios for nearly...
Sequoia, Andreessen set to take massive hit on 2021 Instacart investment
Sequoia Capital and Andreessen Horowitz, two of Silicon Valley's most high-profile venture firms, are poised to take a massive hit on their last investment in grocery delivery company Instacart, a deal that closed in 2021 as tech stocks were soaring.In its latest IPO...
Instacart aims for valuation of up to $10 billion in upcoming IPO
Fidji Simo, chief executive officer of Instacart Inc., speaks during an interview in San Francisco, California, on Thursday, March 3, 2022.David Paul Morris | Bloomberg | Getty ImagesGrocery-delivery platform Instacart raised its initial price range to between $28 and...
Arm shares jump again after huge IPO
Arm Holdings jumped another 6% on Friday in U.S. pre-market trade, continuing its rally after its Nasdaq debut this week.The British chip designer's shares were trading just over $67 around 6:10 a.m. ET, implying a valuation of more than $72 billion. Arm shares were...
Oracle founder Larry Ellison makes first trip to Microsoft campus
Oracle Co-founder Larry Ellison, left, and Microsoft Co-founder Bill Gates watch a match between Gael Monfils of France and Alexander Zverev of Germany during the BNP Paribas Open in Indian Wells, Calif., on Oct. 13, 2021.Sean M. Haffey | Getty ImagesLarry Ellison,...
DoorDash will switch to Nasdaq from NYSE in blow to Big Board
Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty ImagesDoorDash said on Thursday that it will transfer its listing from the New...
Arm is trading at a premium to Nvidia after its IPO pop
Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. But it's a head-scratcher for Wall Street.The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully...
(ARM) starts trading on the Nasdaq in win for SoftBank
Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023.Brendan Mcdermid | ReutersArm Holdings, the chip design company controlled by SoftBank,...
Caesars paid millions in ransom to cybercrime group prior to MGM hack
The exterior of Caesars Palace Hotel & Casino is viewed on May 29, 2017 in Las Vegas, Nevada. George Rose | Getty ImagesDays before MGM's computer systems were taken down in a cyberattack, casino operator Caesars paid out a ransom worth $15 million to a cybercrime...
Arm China ‘doing well,’ CEO says, even as SoftBank’s Masa Son reduces China exposure
You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro.Arm's China subsidiary is "doing well" with strong potential in data center and automotive applications, despite the geopolitical tumult of the last few years, Arm...
Craigslist’s Craig Newmark funding Common Sense Media AI project
Craig Newmark, founder of CraigslistSource: Bleacher + EverardCraig Newmark made his fortune off a website, founded in 1995, that served as an early online bulletin board and looks like it hasn't been updated in two decades. That website, Craigslist, is still cranking...
Nvidia and Capital One invest in Databricks at $43 billion valuation
Ali Ghodsi, co-founder and CEO of Databricks.DatabricksAs some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company private, at least for now.Databricks,...
What is RISC-V and why does Arm call the rival product a risk?
With Arm slated to start trading on the Nasdaq on Thursday, investors are considering the potential upsides — and downsides — of investing in the company.The British chip designer itself flagged several risks in its IPO prospectus, ranging from its China business to...
China says it hasn’t banned iPhones or foreign devices for government
Apple CEO Tim Cook attends China Development Forum 2017 - Economic Summit at Diaoyutai State Guesthouse on March 18, 2017 in Beijing, China.VCG | Getty ImagesChina has not instituted any laws or regulations prohibiting government employees from using or buying foreign...
MGM Resorts says cyberattack could have material effect on company
The Park MGM hotel and casino in Las Vegas, July 28, 2023.Bridget Bennett | Bloomberg | Getty ImagesMGM Resorts on Wednesday said that a cyber incident that has significantly disrupted properties across the United States for the past three days represents a material...
Google is cutting hundreds of jobs in its recruiting organization
Google workers walk outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That’s up from $1.8 billion, or $5.51 per share, a year earlier....
How Justin Roiland used his ‘Rick and Morty’ fame to pursue young fans, text messages show
Justin Roiland visits the #IMDboat at San Diego Comic-Con 2022.Michael Kovac | Getty ImagesIn the years following the 2013 debut of Adult Swim's cartoon phenomenon "Rick and Morty," its star and co-creator Justin Roiland became a titan of the animation and video game...
Arm prices IPO at $51 a share, valuing company at over $54 billion
The Arm U.S. headquarters in San Jose, California, Sept. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesArm, the chip design firm that supplies core technology to companies including Apple and Nvidia, priced its initial public offering at $51 a share.Arm's fully...
Musk, Zuckerberg among tech leaders visiting Senate to speak about AI
Elon Musk and Palantir co-founder & CEO Alex Karp attend a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Leah...
Ethereum co-founder on SEC crypto crackdown: Clear heads will prevail
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.Riccardo Savi | Getty Images for Concordia SummitThe co-founder of Ethereum, Joseph Lubin, said "clear heads will prevail" as the U.S. Securities and Exchange Commission continues to dispute...
Amazon rolls out generative AI tool to help sellers write listings
Packages on a conveyer belt at an Amazon fulfillment center on Prime Day in Melville, New York, July 11, 2023.Johnny Milano | Bloomberg | Getty ImagesAmazon on Wednesday debuted an artificial intelligence tool for sellers that helps them generate copy for their...
Buy Birkenstock IPO? Crocs, Allbirds and an uneven footwear market
Nordstrom department store display of Birkenstock sandals at the Shops at Merrick Park, Miami.Jeff Greenberg | Universal Images Group | Getty ImagesBirkenstock, the iconic footwear company that dates back to the 18th century, made official on Tuesday what's been...
Elon Musk calls for federal department of AI after Capitol Hill summit
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesTesla CEO Elon Musk...
Apple announces iOS 17 release date
Avishek Das | Lightrocket | Getty ImagesApple on Tuesday announced iOS 17 will be available for users to download for free on Sept. 18.The company first announced the software update at its WWDC event in June, but it was initially only available in beta for users who...
Apple USB-C adapter for iPhone 15 costs $29
The Apple iPhone 15 USB-C Connector.Source: Apple Inc.Apple announced its new iPhone 15 lineup Tuesday, and the devices feature a new, widely anticipated USB-C charging port.By the time the event wrapped, Apple had already begun selling a USB-C adapter on its website...
Apple iPhone 15 launch focused a lot on AI with new chips
Apple iPhone Pro A17 Pro chip.Source: Apple Inc.Apple spent a lot of time talking at its iPhone 15 launch event about the features of its products that use artificial intelligence, even if it didn't mention AI by name.The Cupertino-based tech giant touted what was...
Birkenstock IPO filing warns of knock-offs on Facebook
Nordstrom department store display of Birkenstock sandals at the Shops at Merrick Park, Miami.Jeff Greenberg | Universal Images Group | Getty ImagesBirkenstock, the iconic sandal maker founded in 1774, filed its paperwork for an initial public offering on Tuesday, and...
iPhone 15 Pro features new Apple-made A17 Pro chip
Apple iPhone Pro A17 Pro chip.Source: Apple Inc.Apple today unveiled the new iPhone 15 to plenty of fanfare. But there's also a big upgrade to the processor inside the 15 Pro and 15 Pro Max.The new A17 Pro chip, designed by Apple, will have a six-core central...
X (formerly Twitter) hate speech running rampant: CCDH
Hate speech continues to flourish on the messaging service formerly known as Twitter, according to The Center for Countering Digital Hate.The CCDH said Wednesday that X fails to remove posts that contain hate speech despite being notified that the content violates the...
Amazon says it’s boosting pay for contract delivery drivers
An Amazon driver loads packages into a delivery van at an Amazon delivery station in Alpharetta, Georgia, Nov. 28, 2022.Justin Sullivan | Getty ImagesAmazon said it plans to boost wages for contracted drivers as part of a $440 million investment this year into its...
What hapened the first day of the anti-monopoly trial
Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the Department of Justice, arrives at federal court on September 12, 2023 in Washington, DC.Kevin Dietsch | Getty ImagesGoogle pays billions of dollars to make sure its search engine runs by...
Hands-on iPhone 15 Pro: Lighter with USB-C
Where media and analysts could hold and try out the iPhone 15 on Tuesday after it was announced.CNBC/Kif LeswingApple announced its new iPhones for 2023 on Tuesday at its headquarters in Cupertino, California.This year's models are called the iPhone 15. There are four...
Apple raises iPhone 15 prices in China and India; cuts prices in U.K.
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California.Justin Sullivan | Getty ImagesApple hiked the prices of its latest iPhones in some of its key markets including China, Japan and India, even as it kept...
Ripple says it will fight the SEC lawsuit ‘all the way through’
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 ImagesU.S.-based cryptocurrency company Ripple says it's planning...
Early Revolut backer Lakestar leads $40 million investment in Swan
Swan co-founder and CEO Nicolas Benady.SwanEuropean venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan.Swan raised the funds in a series B investment led by European venture...
Oracle stock poised for steepest drop since 2002 on weak forecast
Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018.Oracle livestream screenshotOracle shares plummeted more than 12% on Tuesday and headed for their worst day in over two decades after the software maker...
Bitcoin, helped by possible short squeeze, rebounds from Monday slide
Jakub Porzycki | Nurphoto | Getty ImagesThe price of bitcoin bounced on Tuesday, reversing losses from the previous day that were driven by fears around FTX liquidations.Bitcoin was last higher by 4.5% at $26,185.72, according to Coin Metrics. On Monday, bitcoin...
iPhone 15, new Apple Watch 9 expected
Tim Cook is on stage as stream begins early with more than 1,000,000 people already tuned inTim Cook is on stage. Apple's launch events get major attention from consumers and investors alike. The stream has just begun, and there are already more than 1,000,000 people...
Instacart clarifies its Snowflake payments in updated IPO prospectus
Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020.CNBCInstacart filed an updated IPO prospectus Monday and clarified how its contract works with data storage and analytics company Snowflake, after the initial filing appeared to show a...
Comfortably dull, easy to see becoming normal
I signed up to try Waymo as soon as it became available in San Francisco, and this weekend Alphabet's self-driving car company finally invited me to give it a shot.My son Marlon has been obsessed with self-driving cars this year, as we've seen more and more Waymos and...
Standard Chartered-owned crypto firm Zodia launches in Singapore
A view of the Standard Chartered bank in Singapore, May 3, 2023.Caroline Chia | ReutersZodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset...
Fanatics hires former Opendoor exec to run sports merchandise business
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images)Justin Berl | Getty ImagesFanatics has hired a new chief...
Oracle (ORCL) Q1 earnings report 2024
Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed...
Walter Isaacson’s book ‘Elon Musk’ hits shelves, details explosive encounter with Bill Gates
Walter Isaacson speaking on CNBC's Squawk Box on Sept. 12th, 2023.CNBCWalter Isaacson's book "Elon Musk" hit shelves Tuesday, and the author told CNBC's "Squawk Box" about a heated exchange he documented between the Tesla CEO and Bill Gates.Isaacson said his book...
Russia’s Vladimir Putin praises Elon Musk as an ‘outstanding person’
Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter.Gonzalo Fuentes | ReutersRussian President Vladimir Putin on Tuesday praised Elon Musk, calling the Tesla and SpaceX founder a "talented businessman."Putin made the...
Chipmaking giant TSMC to invest up to $100 million in shares
TSMC is the top producer of the world's most advanced processors, including the chips found in the latest iPhones, iPads and Macs.Jakub Porzycki | Nurphoto | Getty ImagesTSMC, the world's largest contract chipmaker, said on Tuesday its approved an investment in Arm of...
Amazon follows Microsoft, investing big in carbon capture
Andy Jassy, CEO, AmazonCNBCAfter a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well.Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC)...
GlobalFoundries Singapore expansion
A robotic arm moves 300 mm silicon semiconductor wafers inside a sorting machine in a cleanroom at a Globalfoundries Inc. semiconductor fabrication plant.Liesa Johannssen | Bloomberg | Getty ImagesU.S.-headquartered GlobalFoundries announced Tuesday the opening of its...
Alibaba CEO Eddie Wu warns of being ‘displaced’
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 needs to be "user first" and "AI-driven," new CEO Eddie Wu told employees on Tuesday, as he laid out the...
MGM Resorts cybersecurity incident forces system outage
People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020.Joe Buglewicz | Bloomberg via Getty ImagesCasino and lodging operator MGM Resorts shut down a number of its computer systems including...
Britain’s $4.5 billion digital bank Monzo debuts investments feature
Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market.The feature, called Investments, will allow Monzo's customers to invest in a number of funds...
How Luckin Coffee overtook Starbucks in China
SHENZHEN, CHINA - 2020/10/05: Chinese coffee shop chain Luckin Coffee logo seen at a store. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesChinese coffee giant Luckin Coffee hit 10,000 stores in China in June,...
AI play in focus after huge Nvidia rally
In this photo illustration, Nvidia logo is seen displayed on a smartphone screen in front of ARM logo.Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesArm is preparing for a blockbuster initial public offering at a time when investors are very interested in...
Elon Musk’s hyperloop tech continues to be built as initial hype fades
The Hyperloop test track tube with its transport cabin is open for viewing before the opening begins. The new Hyperloop test track at the Technical University of Munich (TUM) includes a 24-meter-long vacuum tube made of concrete and a full-size passenger vehicle - it...
Meta AI model Llama2 has ‘most momentum’
Bill GurleyAdam Jeffery | CNBCVenture capital investor Bill Gurley, a partner at Benchmark, said founders he works with believe Meta's new large language model, Llama 2, has the "most momentum" in the battle of the large artificial intelligence models.Gurley told...
Tesla shares soar 10% after Morgan Stanley upgrade
SHANGHAI, CHINA - SEPTEMBER 06: Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesTesla shares...
Bitcoin briefly dips under $25,000 ahead of fresh inflation data
The cryptocurrency market fell to start the week as traders turned their focus to new inflation data and digested the latest in the SEC's legal battle with Ripple.Bitcoin fell more than 2% to trade at $25,108.53, according to Coin Metrics. Ether, whose moves follow...
Disney, Charter showdown did not transform TV
Devin Singletary #26 of the Buffalo Bills runs the ball against the New York Jets at Highmark Stadium on December 11, 2022 in Orchard Park, New York.Timothy T Ludwig | Getty ImagesCharter and Disney have reached a rights deal, and the media industry was duped.The Wall...
Sundar Pichai says Google and Nvidia will still be working together 10 years from now
Sundar Pichai, chief executive officer of Alphabet Inc.Kyle Grillot | Bloomberg | Getty ImagesSundar Pichai said Google's longstanding relationship with chipmaker Nvidia isn't going to change any time soon — in fact, he expects it to continue over the next 10 years....
Qualcomm to supply Apple with 5G modems for iPhones through 2026
Qualcomm said Monday that it will supply Apple with 5G modems for smartphones through 2026.Wall Street analysts and Qualcomm officials had previously said they expected Apple to use an internally developed 5G modem starting in 2024.The continued sales to Apple will...
How electrified roads could help fix America’s EV charging problem
Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers' most common reasons for not switching...
Google to face DOJ in the first major tech monopoly trial in decades
Google CEO, Sundar Pichai (: and Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice (R).Getty ImagesThe biggest tech monopoly trial since the Department of Justice challenged Microsoft more than 20 years ago is set to begin on...
Online grocery firm Instacart looks to raise up to $616 million in IPO
FALMOUTH, MA - APRIL 8: Instacart shopper Loralyn Geggatt makes a delivery to a customer's home during the COVID-19 pandemic in Falmouth, MA on April 7, 2020. Some Amazon, Instacart and other workers protested for better wages, hazard pay and sick time. (Photo by...
Instacart aiming for valuation of $8.6 billion to $9.3 billion in IPO: reports
InstaCart employees fulfill orders for deliveryPatrick T. Fallon | Bloomberg | Getty ImagesThe grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports.Instacart is expected to officially...
Automakers tout software, driverless tech to take on Tesla and China
Amazon was among a number of technology companies at the IAA motor show in Munich. The presence of Amazon, Qualcomm, Samsung and other tech giants underscores how traditional automakers are looking to bolster the tech in their cars.Arjun Kharpal | CNBCMUNICH — You'd...
Alibaba shares tumble after Daniel Zhang unexpectedly quits cloud business
Alibaba CEO Daniel Zhang Yong speaks during the launching ceremony of Alibaba Rural Vitalization Fund on May 17, 2021 in Lanzhou, Gansu Province of China.Vcg | Visual China Group | Getty ImagesStock Chart IconStock chart iconIn a surprise leadership reshuffle in June,...
AI expert is a hot new position in the freelance jobs market
Jakub Porzycki/NurPhoto via Getty ImagesVlad Hu began his career as a software engineer and eventually founded his own software agency, but over the past year, the big work opportunity has been freelance artificial intelligence expert gigs. Hu isn't alone. The rise of...
An excerpt from Walter Isaacson Musk bio
The following is adapted from Walter Isaacson's biography "Elon Musk," publishing Sept. 12."Hey, I'd love to come see you and talk about philanthropy and climate," Bill Gates said to Elon Musk when they happened to be at the same meeting in early 2022. Musk's stock...
Elon Musk biographer moves to ‘clarify’ details on Ukraine, Starlink
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes |...
What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down
Alexander Spatari | Moment | Getty ImagesLISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital city.The two aren't all that different. Both are typically defiant...
Meta’s VR technology is helping to train surgeons and treat patients
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 ImagesJust days before...
How Sony’s Hawk-Eye works at the U.S. Open
Since 2022, the U.S. Open has had no line judges. Instead, the tournament uses Hawk-Eye Live, an electronic line-calling system, to determine whether a tennis shot is in or out.Electronic line-calling has been around tennis since the 1980s, dating back to Cyclops, a...
Walter Isaacson biography of Elon Musk excerpt
The following is adapted from Walter Isaacson's biography "Elon Musk," publishing Sept. 12.On a Friday in late August of this year, Elon Musk got into his Model S at Tesla headquarters in Palo Alto, selected a random spot on his navigation screen, and let the car...
Apple’s iPhone 15 event kicks off on Tuesday. Here’s what to expect
Apple CEO Tim Cook holds the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022.Carlos Barria | ReutersApple is holding its most important launch event of the year on Tuesday at its headquarters in Cupertino, California,...
Ripple buys crypto infrastructure startup in its second acquisition of 2023
Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.Ripple did not...
Roblox is letting game creators sell 3D goods, looks to boost revenue
David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California.Ian Tuttle | Getty ImagesRoblox, the popular kids gaming platform, is looking to bolster revenue by giving a wider swath of users the...
Here’s how Google plans to fight the DOJ
Kent Walker speaks at a "Grow with Google" launch event in Cleveland.via Google Google previewed Friday how it plans to fight off the U.S. government's charges of illegal monopolization when it goes to trial in D.C. District Court next week.The trial marks the first...
Flexport CEO Ryan Petersen rescinds hiring offers, cuts office space
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022.Bloomberg | Bloomberg | Getty ImagesTwo days after returning to run...
Cars on display at IAA motor show
German Chancellor Olaf Scholz (SPD,l.), and Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG, visit the Mercedes stand during the opening of the IAA.Sven Hoppe | Picture Alliance | Getty ImagesMunich, GERMANY — The IAA Mobility motor show is...
Elon Musk ripped for disrupting Ukraine attack on Russian navy
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes |...
Senate confirms Anna Gomez to FCC, breaking yearslong agency deadlock
Anna Gomez during a confirmation hearing for the FCC.Source: U.S. SenateThe Senate voted Thursday to confirm Democrat Anna Gomez to the Federal Communications Commission, breaking the deadlock at the agency that has lasted the entirety of the Biden presidency. The...
Apple shares fall after reports that China banned iPhone use by government employees
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.Jason Lee | ReutersApple shares fell over 3% on Thursday, following a 4% decline on Wednesday, after several reports...
Google will soon require disclosures for AI-generated election ads
A pedestrian passes by Google offices in New York City, Jan. 25, 2023.Leonardo Munoz | View Press | Getty ImagesElection ads running on Google and YouTube that are created with artificial intelligence will soon have to carry a clear disclosure, according to new rules...
Stripe rival Adyen secures banking license in the UK
The Adyen logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesDutch payments giant Adyen on Thursday said it won approval for a banking license in the U.K., marking a deeper push from the company into the banking sector.The...
China campaigns target US elections on social media: Microsoft report
Chinese President Xi Jinping delivers a speech in Beijing, China, April 24, 2023.Xinhua News Agency | Xinhua News Agency | Getty ImagesChinese state-aligned influence and disinformation campaigns are impersonating U.S. voters and targeting political candidates on...
Microsoft, Paige building world’s largest AI model to detect cancer
Doctors working with Paige technologySource: PaigeMicrosoft announced Thursday it is teaming up with digital pathology provider Paige to build the world's largest image-based artificial intelligence model for identifying cancer.The AI model is training on an...
Stripe, Shopify, H&M spend $7 million on carbon removal via Frontier
Zoom In IconArrows pointing outwardsAirhive is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M. Airhive is developing a geochemical direct air capture system. Photo courtesy Airhive.Stripe,...
Startup investors fuel boom in U.S. defense tech amid China standoff
Hadrian Automation CEO Chris PowerHadrian AutomationWhen President Joe Biden announced an executive order last month limiting U.S. investment in critical technologies in China, the venture capital community hardly blinked.That's because many U.S. startup investors...
Tesla to install charging stations at 2,000 Hiltons in North America
A Tesla logo is seen on a charging station in Virginia, Aug. 16, 2023.Celal Gunes | Anadolu Agency | Getty ImagesTesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the...
Texas paid bitcoin miner Riot $31.7 million to shut down in August
During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control.Riot said on Wednesday that it...
EU’s crackdown on Apple, Meta and others is to avoid forced breakups, top official says
European Commissioner for Internal Market Thierry Breton spoke to CNBC about the latest regulation on Big Tech.Thierry Monasse | Getty Images News | Getty ImagesBRUSSELS — U.S. tech giants are facing stricter rules in Europe with more regulation announced this week,...
Apple and Arm sign deal for chip technology that goes beyond 2040
Components manufactured by Arm sit inside a demonstration ARMmbed parking meter on display on the second day of Mobile World Congress in Barcelona, Feb. 28, 2017.Pau Barrena | Bloomberg | Getty ImagesApple has struck a deal with Arm through 2040 and "beyond," Arm said...
Flexport CEO Dave Clark resigns from logistics startup
Dave Clark.Lindsey Wasson | ReutersFlexport CEO Dave Clark is resigning from the supply chain software startup and handing the reins over to founder and executive chair Ryan Petersen after one year in the role — and after just six months of helming the company...
Warner Bros. Discovery CEO says writers, actors strikes need to end
Warner Bros. Discovery CEO David Zaslav.Olivia Michael | CNBCThe media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors strikes, Warner Bros. Discovery CEO David Zaslav said on...
Lucid is exploring China entry; confirms mass market EV models ahead
The Lucid Air Midnight Dream Edition.LucidMUNICH — Lucid is exploring selling its cars in China but has no timeline for when it will enter the world's largest electric car market, a top executive told CNBC.The comments come after Lucid hired Zhu Jiang, a former...
Tencent releases AI model Hunyuan for businesses amid China competition
Chinese tech giant Tencent is launching its artificial intelligence model "Hunyuan" for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event.The news...
SpaceX not yet cleared for second Starship Super Heavy test flight, FAA says
The Federal Aviation Administration said Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle.The Washington Post | The Washington Post | Getty ImagesThe Federal Aviation Administration on Wednesday that SpaceX is...
Microsoft gaming chief Phil Spencer cites ‘huge demand’ for Starfield
Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023.Franziska Krug | German Select | Getty ImagesMicrosoft is seeing "huge demand" for its new Starfield video game, Phil Spencer, the...
FTC’s antitrust case against Amazon expected soon: Reports
Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, July 13, 2023.Kevin Wurm | ReutersIn Lina Khan's two years helming the Federal Trade...
Khosla Ventures backs carbon removal company with lung-like material
CEO Charles Cadieu (L) and CTO Matt Lee standing in front of the future home of the Spiritus Orchard facility, located in the Western U.S. (The exact location is not yet public.)Photo courtesy SpiritusA successful serial entrepreneur and a seasoned chemical engineer...
Comcast, Disney move up deadline to decide Hulu future ownership
Rafael Henrique | SOPA Images | LightRocket | Getty ImagesThe timeline to decide Hulu's ownership fate has been moved up, Comcast CEO Brian Roberts said Wednesday.Comcast and Disney are set to begin those discussions on Sept. 30, months earlier than the initial...
WeWork CEO says company is ‘here to stay’ as it renegotiates leases
A WeWork co-working office space in Berkeley, California, on Wednesday, Aug. 9, 2023.David Paul Morris | Bloomberg | Getty ImagesWeWork CEO David Tolley, who took over the office-sharing company in an interim role in May, wrote in a public letter on Wednesday that the...
Appen, which helps Amazon and Google train AI, is reeling
Jonathan Raa | Nurphoto | Getty ImagesMike Monegan saw the writing on the wall in January. For weeks, he'd had difficulty sleeping.As vice president of product management for Australian artificial intelligence software vendor Appen, Monegan and many of his colleagues...
AI may breathe new life into smartphones
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company's press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, is being held in person...
Facebook is getting rid of the News tab in Europe
Andrew Ross Sorkin speaks with Meta CEO and founder Mark Zuckerberg during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City, Nov. 30, 2022.Michael M. Santiago | Getty ImagesFacebook users in the U.K., France and...
Inside story of Iger and Chapek
Illustration by Elham AtaeiazarAfter pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney's CEO. His hand-picked successor, Bob Chapek, then Disney's parks chairman, would take over the...
EU lists Alphabet, Amazon, Meta as gatekeepers under new competition law
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 ImagesThe European Commission on Wednesday said it designated six tech giants as "gatekeepers" under its new...
Apple buys Swedish classical record label
Karina Canellakis leading the Juilliard Orchestra at Alice Tully Hall on Thursday night, May 22, 2014.Hiroyuki Ito | Getty ImagesApple has acquired BIS Records, a 50-year-old Swedish record label with a focus on classical music, as part of its continuing efforts to...
Musk’s insinuation to sue over defamation is merely a ‘threat of a frivolous lawsuit’
Harun Ozalp | Anadolu Agency | Getty ImagesElon Musk's recent comments insinuating that the real-time messaging service formerly known as Twitter could file a defamation lawsuit against the Anti-Defamation League is merely a "threat of a frivolous lawsuit," the...
North Korea hackers stole crypto to fund nuclear program: TRM, Chainalysis
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 have stolen hundreds of millions of crypto to fund the...
Swedish EV maker Polestar plans own smartphone launch in China
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesMUNICH — Swedish...
Apple, Google, Nvidia others say they’re open to buying Arm shares
A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023.Dado Ruvic | ReutersChip design firm Arm said in a Tuesday filing that Apple, Google-parent Alphabet, Nvidia and other technology companies are...
Amazon loses One Medical CEO one year after acquisition
Amir Dan RubinDavid Paul Morris | Bloomberg | Getty ImagesAmir Dan Rubin, CEO of primary care provider One Medical, which Amazon acquired about a year ago, is leaving the company later this year."I want to share with you all that after six plus years as CEO of One...
Solana jumps on Visa stablecoin announcement as bitcoin and other cryptocurrencies remain flat
Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021.Jakub Porzycki | NurPhoto | Getty ImagesThe native token of the Solana blockchain jumped on Tuesday after Visa...
Dell’s stock has best day since its relisting in 2018 on earnings beat
Michael DellDavid A. Grogan | CNBCDell shares surged 21.3% Friday, their best day since the company returned to the public market in 2018. The rally followed a better-than-expected earnings report, driven by a big revenue beat.The maker of IT hardware and...
Tesla shares close down 5% after price cuts, Model 3 refresh
A Tesla Model 3 vehicle on an auto carrier in front of a store in Rocklin, California, July 21, 2021.David Paul Morris | Bloomberg | Getty ImagesTesla shares dropped 5% Friday after the electric car company cut prices on some models in the U.S. and reduced the price...
Meta employees are back in office three days a week
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesMeta's return-to-office mandate went into effect on Tuesday, requiring employees to work from the company's physical...
Cruise disputes claim that its autonomous vehicle delayed first responders
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersThe company Cruise is pushing back against an accusation from the San Francisco Fire Department, which claims that...
BMW to use Amazon cloud to build its driverless features for new EVs
BMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars.Arjun Kharpal | CNBCMUNICH — BMW will build its semi-autonomous driver assistance system on Amazon's cloud computing technology, the two...
Instacart IPO filing fans controversy between Snowflake, Databricks
A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company's initial public offering, Sept. 16, 2020.Brendan McDermid | ReutersBuried on page 280 of Instacart's IPO filing last week was a paragraph that caused a brouhaha between...
BMW, Mercedes launch biggest electric vehicle push yet to catch Tesla
BMW took the wraps of the Vision Neue Klasse electric vehicle at the IAA motor show in Munich, Germany. It underpins BMW's big push into electric vehicles.BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off...
BMW, Mercedes reveal electric concept cars: Specs, features, details
The Mercedes-Benz Concept CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker's push into electric cars.Mercedes-BenzMercedes-Benz and BMW took the wraps off electric concept cars as they look to catch up...
Qualcomm focuses on auto and AI as Apple business faces uncertainty
Qualcomm's tech is inside nearly all our smartphones. It pioneered the ability to connect wirelessly in the '80s, all the way to the 5G modems of today — making licensing fees for every device that communicates using its patented core technologies. And now, it's...
ChatGPT maker OpenAI CEO Sam Altman gets Indonesia’s 1st Golden Visa
Sam Altman, chief executive officer of OpenAI, at an event in Seoul, South Korea, on Friday, June 9, 2023.Bloomberg | Bloomberg | Getty ImagesIndonesia has awarded OpenAI chief executive Sam Altman its first "Golden Visa" — a week after the scheme was launched to...
Baidu launches more AI apps after Ernie chatbot gets public approval
Baidu has launched a slew of AI applications after its Ernie chatbot received public approval.Sopa Images | Lightrocket | Getty ImagesBEIJING – Chinese tech giant Baidu announced more than 10 new AI-based applications on Tuesday, just days after its ChatGPT-like Ernie...
Chip design firm Arm seeks up to $52 billion valuation in blockbuster U.S. IPO
The Arm website on a laptop arranged in New York, US, on Wednesday, Aug. 23, 2023. Gabby Jones | Bloomberg | Getty ImagesChip design firm Arm on Tuesday is looking to fetch as much as $4.87 billion in its upcoming blockbuster initial public offering on the New York...
Disney, Charter battle over Spectrum blackout, streaming
Cable giant Charter Communications and Disney are in a battle over contract fees that has left millions of people without access to U.S. Open and potentially "Monday Night Football," with the NFL's season starting in just days.On Thursday, Disney said that the two...
Meta’s WhatsApp is chasing big businesses to capitalize on popularity
It's been almost a decade since Facebook founder Mark Zuckerberg shocked the tech world, announcing his company's agreement to spend $19 billion on WhatsApp, a popular messaging app with a tiny business.Since then, WhatsApp has remained somewhat of an anachronism....
Musk’s X to collect biometric information and employment data
In this photo illustration, the new Twitter logo rebranded as X (X Corp.) is seen on a smartphone and Elon Musk Twitter account with the new X logo on a pc screen.Pavlo Gonchar | Lightrocket | Getty ImagesThe X social media platform formerly known as Twitter will...
Tesla reportedly facing DOJ, SEC probes over plans to build Elon Musk a large glass house
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes |...
Honor Magic V2 foldable phone launch: Specs, price, details
Honor released its Magic V2 foldable on July 12, 2023, starting with the China market.HonorChinese consumer electronics firm Honor launched its flagship foldable smartphone overseas — venturing into a high-end market dominated by Samsung and Apple.The Honor Magic V2...
