Technology
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...
China’s Honor shows smartphone you can wear like a bag
An image of the Honor V Purse. Chinese smartphone giant Honor showed off the concept device at the IFA technology show in Berlin as it looks to highlight its innovation.HonorChinese smartphone firm Honor on Friday unveiled a concept smartphone designed to be worn like...
Shopify stock pops after company strikes ‘Buy with Prime’ deal with Amazon
An employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShares of Shopify jumped 10% on Thursday after the Canadian e-commerce company said it struck a deal with Amazon to offer its "Buy with Prime" program to merchants.The...
SentinelOne CEO says the cybersecurity company is not for sale
SentinelOne CEO Tomer Weingarten at the New York Stock Exchange.Source: NYSESentinelOne, a cybersecurity company that went public in 2021 and has yet to see its stock price exceed highs from that year, is not for sale, Tomer Weingarten, its co-founder and CEO, told...
The CEO of robotics giant ABB is ‘pretty pessimistic’ on China
The CEO of Swedish-Swiss multinational robotics firm ABB said he has been "disappointed" by the state of the Chinese market, adding he expects conditions will prove challenging for the rest of the year."China is not really developing as we hoped in the beginning of...
Fintech giant Wise allowed Russia sanctions target to withdraw money
Wise CEO and co-founder Kristo Kaarmann.WiseBritish financial technology giant Wise allowed an individual on the Russian sanctions list to withdraw money, a U.K. government body said Thursday. The user was allowed to make a withdrawal of £250 ($316.63) from a...
Qualcomm banks on AI to grow automotive chip business
Qualcomm is best known for the chips and modems inside Android phones. But in recent years, it's also started selling a package of hardware chips, sensors and software called Snapdragon Digital Chassis to automakers like GM, Hyundai and Volvo.Now, it's hoping to...
Apple is testing 3D printing to manufacture the new Apple Watch: Report
Apple Watch Series 8 and SESource: Apple, Inc.Apple is testing the use of 3D printers to make the stainless steel chassis for its soon-to-be-released smartwatches, Bloomberg reported, citing people familiar with the matter.The company is reportedly initially testing...
How to use Google to find cheapest dates to book flights
Zoom In IconArrows pointing outwardsGoogle now tells you the cheapest time to book a flight. Click to enlarge.GoogleGoogle recently updated Google Flights with more information that can help you save money by booking a trip during certain windows of time.Say, for...
Salesforce (CRM) earnings report Q2 2024
Salesforce CEO Marc Benioff walks with other attendees as they leave a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023.Kevin Dietsch | Getty Images News | Getty ImagesSalesforce shares jumped 6% in extended...
How to stop Meta from using personal data to train generative AI
Facebook users are now able to delete some personal information that can be used by the company in the training of generative artificial intelligence models.Meta updated the Facebook help center resource section on its website this week to include a form titled...
Baidu’s Ernie bot jumps to the top of Apple’s app store in China
Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background.Future Publishing | Future Publishing | Getty ImagesBEIJING — Baidu's Ernie bot ranked first in popularity on Apple's app store in China after the Chinese tech...
Buy now, pay later firm Klarna reduces losses by 67%, revenue up 21%
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up...
Microsoft to unbundle Teams software in Europe in bid to abate EU concerns
Silhouettes of laptop users are seen next to a screen projection of Microsoft logo in this photo illustration.Dado Ruvic | ReutersU.S. tech giant Microsoft on Thursday said it will unbundle its chat and videoconference service Teams from its Microsoft 365 productivity...
How China became king of new nuclear power, how U.S. could catch up
Cranes stand at the construction site of the second phase of Changjiang Nuclear Power Plant, invested by state-owned China National Nuclear Corporation (CNNC) and China Huaneng Group, on June 28, 2023 in Changjiang Li Autonomous County, Hainan Province of China.China...
Google Pixel 8, Pixel Watch 2 expected at Oct. 4 event
Google Pixel 7 and 7 ProGoogleGoogle has set Oct. 4 as the date for its annual fall hardware event, where the company is likely to introduce the next Pixel phone and its latest watch. "You're invited to an in-person Made by Google event where we'll introduce the...
Shares of HP fall 8% following revenue miss
Enrique Lores, CEO, HPScott Mlyn | CNBCShares of HP fell more than 8% on Wednesday morning after the printer and PC maker released fiscal third-quarter earnings that underwhelmed Wall Street.HP reported $13.2 billion in revenue, below the $13.37 billion expected by...
Nvidia’s stock closes at record after Google AI partnership
Nvidia President and CEO Jensen Huang speaks at the COMPUTEX forum in Taiwan, May 28, 2023.Sopa Images | Lightrocket | Getty ImagesNvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand...
Tesla ordered by NHTSA to provide data on ‘Elon mode’ for Autopilot
Tesla has received a special order from federal automotive safety regulators requiring the company to provide extensive data about its driver assistance and driver monitoring systems, and a once secret configuration for these known as "Elon mode."Typically, when a...
Redwood Materials raises $1 billion to expand recycling operations in US
JB Straubel sits down with CNBC's Phil LeBeau at Redwood Materials.Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S.The...
Verizon has new way for customers to block email-to-text spam messages
Isabel Pavia | Moment | Getty ImagesVerizon has created a way for customers to block spam text messages from email accounts with just a single text, the company announced Tuesday.Verizon customers can text "OFF" to 4040 to block email-to-text messages, more than 80%...
Fanatics-backed Mitchell & Ness hires Nike executive as CEO
Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania.Source: FanaticsMitchell & Ness, the lifestyle clothing brand known for its throwback and vintage jerseys and apparel that was acquired by Fanatics last year, has hired Nike executive Eli...
Invites sent for September 12, iPhone 15 expected
Apple's invite to its September 12 event.AppleApple announced that it will hold a press event on its headquarters in Cupertino, California on Sept. 12, where the company is expected to announce new iPhones.The launch event will be streamed on Apple's website at 1 p.m...
Bitcoin rallies more than 5% as court sides with Grayscale over the SEC in crypto ETF case
Jaap Arriens | NurPhoto | Getty ImagesThe price of bitcoin surged Tuesday after the U.S. Court of Appeals for the DC Circuit ruled that the Securities and Exchange Commission was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin...
First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC
Nurphoto | Nurphoto | Getty ImagesThe District of Columbia Court of Appeals has paved the way for bitcoin exchange-traded funds.On Tuesday, the court sided with Grayscale in a lawsuit against the Securities and Exchange Commission which had denied the company's...
Meta disrupts Chinese misinformation network linked to law enforcement
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcoming ceremony in Shanghai, May 20, 2014.Sasha Mordovets | Getty ImagesFacebook and Instagram parent company Meta on Tuesday said it had disrupted a disinformation campaign linked to...
Google will charge enterprises $30 a month for Duet AI in Workspace
Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle plans to start charging large businesses $30 per month for each user of its...
Bitcoin trading volume is at its lowest in more than four years
Chris Ratcliffe | Bloomberg | Getty ImagesBitcoin's trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market.An analysis of CryptoQuant data from both spot and derivatives exchanges shows...
Elon Musk and Mark Zuckerberg are among the tech execs who will attend the Senate’s first AI forum
Mark Zuckerberg and Elon MuskMandel Ngan | AFP | Getty ImagesElon Musk, Mark Zuckerberg and other leaders in the tech industry will gather at the Capitol next month for the first in a series of policy forums to discuss ways to regulate artificial intelligence, a...
X (Twitter) faces 2,200 arbitration cases, filing fees over $3 million
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 ImagesX, the social network formerly known as Twitter, is facing...
AI needs ‘human control’ to avoid being weaponized: Microsoft’s Brad Smith
Artificial intelligence can be weaponized and needs to be reined in by humans, Microsoft's president and vice-chairman Brad Smith told CNBC in an exclusive interview."I think every technology ever invented [has] the potential to become both a tool and a weapon," said...
Google to sell maps data to companies building solar products
A screenshot of Project Sunroof shows the map data offered by the pilot project, which is meant to help consumers plan solar installations for their homes.ScreenshotGoogle is planning to license new sets of mapping data to a range of companies to use as they build...
Shares of China’s BYD jump after EV maker posts 200% rise in H1 profit
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England.John Keeble | Getty Images News | Getty ImagesShares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a...
Max to feature AMC Networks shows this fall
Jodie Comer and Sandra Oh attend the premiere of BBC America and AMC's 'Killing Eve' at ArcLight Hollywood on April 01, 2019 in Hollywood, California.Emma McIntyre | Getty ImagesStreaming services are leaning more on pay TV.Warner Bros. Discovery's Max will feature...
OpenAI ChatGPT Enterprise launches
OpenAI on Monday announced its biggest news since ChatGPT's debut: It's launching ChatGPT Enterprise, the AI chatbot's business tier, available starting Monday.The tool has been in development for "under a year" and had the help of more than 20 companies of varying...
Amazon hikes free shipping minimum to $35 for some users without Prime
The Amazon Prime logo is displayed on the side of an Amazon delivery truck on June 21, 2023 in Richmond, California.Justin Sullivan | Getty ImagesAmazon has started increasing the free shipping minimum to $35 for non-Prime members in some markets, according to notices...
Foxconn founder Terry Gou announces run for Taiwan presidency
Terry Gou Tai-ming, founder and chairman of Taiwan's Foxconn Technology, speaks during the Canton Tower Science & Technology Conference Guangzhou on December 8, 2016 in Guangzhou, Guangdong Province of China.Vcg | Visual China Group | Getty ImagesTerry Gou, the...
Major upgrade reportedly coming next year
Apple is expected to add major updates to its iPad Pro in 2024.Source: Apple Inc.Apple is planning some major updates for its iPad Pro in 2024, including a new Magic Keyboard, a shift to the M3 chip, and brighter and sharper displays, according to a report from...
Apple iPhone 14 Pro Max tops smartphone shipments globally, Omdia says
Customer inspects iPhone 14 Pro Max inside an Apple store in Marunouchi, Tokyo.Stanislav Kogiku | SOPA Images | Lightrocket | Getty ImagesThe iPhone 14 was the most-shipped smartphone in the first half of the year, according to research firm Omdia, reflecting a shift...
New California city backed by biggest names in Silicon Valley: report
An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.Carlos Barria | ReutersJan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California nestled near San Francisco...
Tech IPOs are coming back — now they have to perform
InstaCart employees fulfill orders for deliveryPatrick T. Fallon | Bloomberg | Getty ImagesTech investors last week finally heard utterance of their favorite three-letter acronym: IPO.It's been 20 months since a notable venture-backed tech company went public in the...
Up to regulators to decide
Microsoft says it "really tried" to take the concerns of U.K. regulators to heart, before launching its fresh bid to take over Activision Blizzard — and it's now up to the regulators to decide whether that path is clear."I think we need to let the regulators speak for...
Klaviyo files to go public in latest sign of life for IPO market
Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019.Barry Chin | Boston Globe | Getty ImagesData and marketing automation company Klaviyo on Friday became the latest tech company to try to join the public markets. Klaviyo...
Instacart files to go public on Nasdaq to unfreeze tech IPO market
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 ImagesInstacart, the grocery delivery company that slashed its valuation during last year's...
Tesla Autopilot safety probe by NHTSA nearing completion
A multi-year investigation into the safety of Tesla's driver assistance systems by the National Highway Traffic Safety Administration, or NHTSA, is drawing near a close.Reuters' David Shepardson first reported on the latest developments Thursday, citing NHTSA acting...
Affirm (AFRM) earnings report Q4 2023
Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey.Gabby Jones | Bloomberg | Getty ImagesAffirm shares popped as much as 26% in early trading on Friday, a day after the buy now, pay later firm...
Trump returns to Twitter, now X, to post his mugshot
Former U.S. President Donald Trump speaks to the media at Atlanta Hartsfield-Jackson International Airport after surrendering at the Fulton County jail on August 24, 2023 in Atlanta, Georgia.Joe Raedle | Getty ImagesFormer President Donald Trump posted to X, formerly...
Mastercard ends Binance card partnership
Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S.Daniel Acker | Bloomberg | Getty ImagesEmbattled cryptocurrency exchange Binance has lost some business with payment card networks Mastercard and Visa.The development...
The EU’s Gerard de Graaf has a big regulatory job in US tech industry
European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023Yves Herman | ReutersWhen Gerard de Graaf moved from Europe to San Francisco almost a year ago, his job had a very different feel to it.De Graaf, a 30-year...
The evolution of the VW bus — from Type 2 to the electric ID Buzz
Volkswagen Type 2 bus lined up next to the ID. BuzzCNBC | Sydney Boyo | Andrew EversThe "bus," as many fans know it, is deeply ingrained in American culture and evolved into a symbol of protest starting in the 1960s. "There was an unpopular war. There were conflicting...
Alibaba new AI model can understand images, more complex conversations
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersAlibaba on Friday launched a new artificial intelligence model that the company says can understand images and carry out more complex...
Buy these ‘compelling’ stocks from AI to electric vehicles
Analysts at Goldman Sachs named five stocks to play themes including artificial intelligence, electric vehicles and energy-efficiency, with two on its conviction list: Mercedes-Benz and Daikin Industries . Its picks are buy-rated names "whose exposure to enduring...
China’s food delivery app Meituan shares fall on weaker Q3 outlook
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021.Yan Cong | Bloomberg | Getty ImagesMeituan's Hong Kong-listed shares fell more than 5% on Friday after CEO Wang Xing warned of a food...
Nvidia earnings scare away AMD, Intel investors as AI battle shapes up
Justin Sullivan | Getty ImagesDevelopers in the world of artificial intelligence can't get enough of Nvidia's processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion.Nvidia shares...
Apple backs California right-to-repair bill in major policy shift
Apple CEO Tim Cook reacts to a customer carrying a Macintosh SE during the opening of the new Apple BKC store in Mumbai, India, on April 18, 2023.Indranil Aditya | Bloomberg | Getty ImagesApple is now backing a California right-to-repair bill, a major shift in the...
Elon Musk memo on Cybertruck manufacturing challenges
The Tesla Cybertruck during a tour of the Elkhorn Battery Energy Storage System in Moss Landing, California, U.S., on Monday, June 6, 2022.Nik Coury | Bloomberg | Getty ImagesTesla CEO Elon Musk has been promoting the company's long delayed, sci-fi inspired Cybertruck...
T-Mobile US to cut 5,000 jobs as cheaper plans weigh on costs
A T-Mobile store in New York, US, on Thursday, March 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesT-Mobile US said on Thursday it would reduce its workforce by about 7% by cutting 5,000 jobs in the United States as the wireless carrier grapples with rising costs...
Google, Amazon, Nvidia, AMD, other tech giants invest in Hugging Face
The Hugging Face website on a smartphone arranged in New York, Aug. 17, 2023.Gabby Jones | Bloomberg | Getty ImagesHugging Face, an AI firm based in New York, has raised $235 million at a $4.5 billion valuation from some of technology's biggest companies.Google,...
CNN news to stream on Warner Bros. Discovery Max
A person walks past the headquarters of the Cable News Network (CNN) on November 17, 2022 in Atlanta, Georgia. Brandon Bell | Getty ImagesCNN is coming to streaming — again.Warner Bros. Discovery announced Thursday that CNN Max will be added to its Max streaming...
Nvidia shares set to open at record high after big earnings beat
Nvidia CEO Jensen Huang speaks during a press conference at The MGM during CES 2018 in Las Vegas on January 7, 2018.Mandel Ngan | AFP | Getty ImagesShares of chipmaker Nvidia rose 7% in pre-market trading Thursday, after the company reported a beat on the top and...
Britain to host first AI summit at home of World War II codebreakers
The U.K. government will host the world's first artificial intelligence safety summit in Bletchley Park, the home of the codebreakers who cracked the code that ended World War II.The government said in a Thursday press release that it would host the meeting — which...
Nvidia says AI chip export curbs to China will hit U.S. chipmakers
Nvidia issued a fresh warning that further U.S. export curbs on its chips to China would risk a "permanent loss" for American semiconductor firms to lead in one of the world's largest markets.Several reports earlier this year suggested Washington was considering new...
Worldcoin rep in Uganda earns bonus for each person he signs up
For the past year, Keneth Byarugaba has been working as a runner for Worldcoin in Uganda. His job is to get as many people as possible to scan their eyeballs into a big metallic orb in exchange for about $60 worth of cryptocurrency.Runners, who are paid a commission...
Nvidia blowout earnings report shows chipmaker grabbing all AI profits
Nvidia is on a tear, and it doesn't seem to have an expiration date.Nvidia makes the graphics processors, or GPUs, that are needed to build AI applications like ChatGPT. In particular, there's extreme demand for its highest-end AI chip, the H100, among tech companies...
Grab ride-hailing unit on track to hit pre-Covid levels by end 2023
Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty ImagesOre Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its...
South Korea’s Naver launches generative AI services to compete with ChatGPT
South Korean internet giant Naver released its own generative artificial intelligence tool on Thursday, joining other companies in launching large language models to compete with OpenAI's ChatGPT.Naver is dubbed the Google of South Korea, as the operator of the...
Asian semiconductor stocks surge after Nvidia earnings
Aerial photo shows the factory of Taiwan Semiconductor Manufacturing Company (TSMC) in Nanjing, Jiangsu province, Aug 1, 2023. Costfoto | Nurphoto | Getty ImagesSemiconductor-related stocks in Asia surged after chipmaker Nvidia posted second-quarter results that beat...
Crypto market bounces off of recent sell-off, bitcoin rises to $26,500
A collection of bitcoin, litecoin and ethereum tokens.Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies rose on Wednesday as investors continued to grapple with the market's summer doldrums and looked ahead to the Federal Reserve's annual meeting in Jackson...
Nvidia (NVDA) earnings report Q2 2024
Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.Walid Berrazeg | Sopa Images | Lightrocket | Getty ImagesNvidia is set to report fiscal second-quarter earnings on after market close...
Tornado Cash founders charged with laundering more than $1 billion, including millions for North Korea
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, U.K., on Tuesday, March 15, 2022. Luke McGregor | Bloomberg | Getty ImagesTwo founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with...
Some Amazon workers quit after being told to relocate to a new state
Amazon workers hold signs during a walkout event at the company's headquarters on May 31, 2023 in Seattle, Washington.David Ryder | Getty Images News | Getty ImagesAs part of Amazon's aggressive effort to get employees back to the office, the company is going a step...
Sam Bankman-Fried not getting Adderall, living on ‘bread and water’
FTX cryptocurrency exchange founder Sam Bankman-Fried, wearing prison clothing, stands between his attorneys Mark Cohen and Christian Everdell in Manhattan federal court where he plead guilty to seven criminal charges contained in a new indictment during a hearing...
Amazon AI scammers blew millions on Lake Como wedding, cars, FTC claims
Lake Como in northern Italy's Lombardy region.Westend61 | Westend61 | Getty ImagesJohn and Roman Cresto made millions of dollars selling themselves as e-commerce "experts" who could teach regular consumers and investors the secret to selling success on Amazon and...
Tesla engineering VP Colin Campbell joins Redwood Materials as CTO
Pallets of depleted lithium-ion batteries at JB Straubel's Redwood Materials are ready for recycling.Source: CNBCRedwood Materials, the battery-recycling startup founded by Tesla board member JB Straubel, recently nabbed Tesla's vice president of powertrain...
Why and how decarbonization became a megatrend
Rama Variankaval, global head of the center for carbon transition for JP Morgan Securities LLC, speaks during the Aspen Ideas: Climate conference in Miami Beach, Florida, US, on Thursday, March, 9, 2023. Aspen Ideas: Climate is a solutions-focused event designed for...
This startup is helping the ocean absorb more harmful carbon emissions
Removing carbon from the atmosphere is a growing field of business in the fight against global warming, but it's not just big air vacuums doing the work. New technology is targeting an even bigger potential resource: The ocean. The ocean, often likened to the lungs of...
Ubisoft stock up 9% on revised Microsoft-Activision deal
Yves Guillemot, CEO and co-founder of Ubisoft, speaks at the Ubisoft Forward livestream event in Los Angeles, California, on June 12, 2023.Robyn Beck | AFP | Getty ImagesShares of the French game maker Ubisoft popped 9% in Europe trading Tuesday after Microsoft...
Coinbase takes stake in stablecoin firm Circle, shuts down USDC consortium
In this photo illustration, the Coinbase cryptocurrency exchange website is seen on the screen of a computer on October 05, 2018 in Paris, France.Chesnot | Getty Images News | Getty ImagesCryptocurrency exchange Coinbase is taking a stake in Circle, the issuer of the...
Meta’s Threads launching on the web, as Zuckerberg takes on X
In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Threads is the new social network from Meta Platforms which was launched on the 5th of July 2023. Omar Marques | Lightrocket | Getty ImagesMeta's...
IBM sells The Weather Channel and the rest of its weather business
IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, Jan. 17, 2023.Stefan Wermuth | Bloomberg | Getty ImagesIBM said Tuesday it's selling its weather unit, including The Weather Channel, Weather.com, Weather...
Global smartphone market to hit decade low; Apple could take top spot
Photo taken on Aug. 14, 2023 shows iPhones at an Apple store in Hangzhou, East China's Zhejiang province. On the same day, data released by TechInsights showed that Apple's iPhone sales in China surpassed the United States for the first time in the second quarter of...
What it means for IPO market, SoftBank
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on July 28, 2016.Tomohiro Ohsumi | Bloomberg | Getty ImagesArm, which is owned by...
Google execs have changed roles in recent months
Ruth Porat, chief financial officer of Alphabet Inc., speaks during a news conference at Michigan Central Station in Detroit, Michigan, on Friday, Feb. 4, 2022.Jeff Kowalsky | Bloomberg | Getty ImagesKey members of Google's old guard have been shifting roles or...
Zoom (ZM) Q2 earnings report 2024
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares rose as much as 8% in extended trading on Monday after the video-calling software provider announced fiscal second-quarter...
Arm files F-1 for Nasdaq IPO, as SoftBank sells shares in chip designer
SoftBank plans to list Arm in the U.S.CFOTO | Future Publishing | Getty ImagesArm, the chip designer owned by Japan's SoftBank, filed for a Nasdaq listing on Monday, positioning itself to go public during a historically slow period for tech IPOs.The company wants to...
IBM CEO says AI will impact white-collar jobs first
White-collar jobs will be among the first to be impacted by artificial intelligence, IBM chairman and CEO Arvind Krishna told CNBC in an exclusive interview aired on Tuesday.He told CNBC's "Squawk Box Asia" generative AI and large language models have the potential to...
Microsoft submits new Activision Blizzard takeover deal to UK
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games character.Dado Ruvic | ReutersMicrosoft on Tuesday submitted a new deal for the takeover of Activision Blizzard, offering a spate of concessions after U.K. regulators rejected its...
Why they happen, how they hurt
This picture of the Pacific Ocean was taken by the International Space Station orbits into in April 2022 from 261 miles up.Photo courtesy NASAThe oceans of the world absorb the overwhelming majority of the heat caused by global warming, creating serious consequences...
TikTok banned on government devices in NYC
Eric Adams, mayor of New York, speaks during the U.S. Conference of Mayors winter meeting in Washington, D.C., on Thursday, Jan. 20, 2022.Eric Lee | Bloomberg | Getty ImagesNew York City banned TikTok on government-owned devices Wednesday, pointing to security...
Altcoins slide to begin the week while bitcoin and ether stabilize
The crypto market was lower to start the week after bitcoin posted its worst week since May.Bitcoin itself was flat at the $26,000 mark, according to Coin Metrics. Last week it lost 11% thanks to a sharp decline that began Wednesday afternoon.Altcoins were making...
Transformer co-author Llion Jones leaves Google for startup Sakana AI
Llion Jones had a big role at Google, where he worked for almost 12 years. He was one of eight authors of the pivotal Transformers research paper, which is central to the latest in generative artificial intelligence.However, like all of his co-authors, Jones has now...
Stock down 39% after record low sales growth
The Adyen logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesShares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 39% on Thursday after the company reported worse-than-expected sales and a profit...
Bitcoin nears 2-month low after Fed minutes dial up inflation worry
Cryptocurrencies were under pressure Thursday as investors grappled with renewed concerns about the U.S. economy.Bitcoin was last lower by about 4% at $27,901.60, according to Coin Metrics. The slide began after the minutes of the Federal Reserve's July policy meeting...
Diamond Sports calls in mediators, pushes for reorganization
The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field in Cleveland, May 17, 2022.George Kubas | Diamond Images | Getty ImagesThe courtroom continues to heat up for Diamond Sports...
Scientist behind IBM Watson raised $60 million for Elemental Cognition
David Ferrucci, CEO and founder of Elemental Cognition, speaks during a conference in New York, Nov. 8, 2017.Alex Flynn | Bloomberg | Getty ImagesDavid Ferrucci, a prominent artificial intelligence researcher who led the team that created IBM Watson, has raised nearly...
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
Andriy Onufriyenko | Moment | Getty ImagesBitcoin slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000.The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%, according to Coin Metrics data.The fall in bitcoin...
Meta, OpenAI, Anthropic or Cohere
If the tech industry's top AI models had superlatives, Microsoft-backed OpenAI's GPT-4 would be best at math, Meta's Llama 2 would be most middle of the road, Anthropic's Claude 2 would be best at knowing its limits and Cohere AI would receive the title of most...
Xpeng (XPEV) earnings report Q2 2023
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China.VCG | Visual China Group | Getty ImagesXpeng on Friday reported a...
Amazon adds a new fee for sellers who ship their own packages
An Amazon warehouseGetty ImagesAmazon is adding a new charge for third-party sellers who ship their own products instead of paying for the company's fulfillment services.Beginning Oct. 1, members of Amazon's Seller Fulfilled Prime program will pay the company a 2% fee...
Apple won’t repair HomePods, according to Apple Store employee
A little less than three years ago, we hired a contractor to finish our basement, turning it from a makeshift plywood-floored storage room into a multimedia room. As part of the transition, I was finally able to move my record collection and turntable out of the...
Cruise self-driving car in San Francisco fire truck crash, one injured
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersA Cruise self-driving car was involved in a crash with a San Francisco Fire Department truck just one week after...
Elon Musk says Twitter, now X, users will lose ability to block content
Harun Ozalp | Anadolu Agency | Getty ImagesUsers of X, formerly known as Twitter, will no longer be able to block comments from unwanted followers, according to a post by X owner Elon Musk on Friday, eliminating what's long been viewed as a key safety feature....
Palo Alto Networks shares rise after earnings report
Nikesh Arora, Palo Alto NetworksAdam Galica | CNBCShares of Palo Alto Networks rose 12% in pre-market trading Monday, continuing a rally that began when the security software vendor reported stronger than expected fiscal fourth quarter earnings last week.The company...
WeWork plunges another 11% after announcing 1-40 reverse stock split
A WeWork co-working office space in Berkeley, California, on Wednesday, Aug. 9, 2023.David Paul Morris | Bloomberg | Getty ImagesWeWork, the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep...
Palo Alto Networks (PANW) earnings report Q4 2023
Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.Adam Galica | CNBCPalo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded...
iPhone 15 USB-C charging would be biggest upgrade in years
Apple will "comply" with European Union regulation that requires electronic devices to be equipped with USB-C charging, said Greg Joswiak, Apple's senior vice president of worldwide marketing. That will mean Apple's iPhones, which currently use its proprietary...
Bitcoin breaks below $26,000, posts worst week since May
Cryptocurrency prices remained under pressure to end the week.Bitcoin ended the day lower by about 6% at $26,038.41, according to Coin Metrics. It wavered over $26,000 throughout the day Friday, following a stunning fall that began late Thursday.The move pulled the...
Google faces criticism of plan to purge inactive accounts
Ruth Porat, Alphabet's chief financial officer, appears on a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022.Hollie Adams | Bloomberg | Getty ImagesGoogle said in May that, starting in December, it would begin purging inactive...
Europe’s fintech darling faces big challenges
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company's market capitalization .Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesSpirits were high when Dutch payments firm Adyen floated on the Amsterdam Stock...
Cruise will reduce robotaxi fleet by 50% in San Francisco
In an aerial view, Chevrolet Cruise autonomous vehicles sit parked in a staging area on June 08, 2023 in San Francisco, California. Autonomous vehicle companies Cruise and Waymo have been testing their vehicles throughout San Francisco and residents are not happy with...
Startups investing millions to make drugs and semiconductors in space
In-space manufacturing may sound like science fiction but it's happening already, albeit on a very small scale. It's a fledgling market that analysts and several startups are projecting will take off. "If you look at pharma, semiconductors, beauty and health products...
Sea’s growth pivot at expense of profits stems from e-commerce competition
Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023.Ore Huiying | Bloomberg | Getty ImagesShares of Southeast Asian tech giant Sea plummeted this week after missing revenue expectations and saying it would focus on growth over...
China’s Xpeng expects profit growth from cost cuts, Volkswagen deal
A XPeng Inc. G6 electric sport utility vehicle (SUV).Qilai Shen | Bloomberg | Getty ImagesXpeng expects cost cuts and its Volkswagen partnership to narrow the firm's losses, the Chinese EV maker told CNBC in an exclusive interview on Monday.On Friday, the firm logged...
