Technology
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...
