Technology
Challenges face Elon Musk and NASA in sending people to Mars
President Donald Trump and Elon Musk, the world's richest man, want to make living on Mars a reality. Musk has said that his company, SpaceX, can get humans to Mars as early as 2029. Meanwhile, NASA officials have said that sending humans to Mars even by 2040 would be...
Grok’s ‘white genocide’ responses show gen AI tampered with ‘at will’
Muhammed Selim Korkutata | Anadolu | Getty ImagesIn the two-plus years since generative artificial intelligence took the the world by storm following the public release of ChatGPT, trust has been a perpetual problem.Hallucinations, bad math and cultural biases have...
Nvidia and Tesla soar, boosted by Trump’s Middle East tour
(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of...
Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7.Aly Song | ReutersIn a regulatory filing out Friday, Elon Musk-led automaker Tesla announced a change to its corporate bylaws that will limit shareholders...
Nvidia, Cisco and OpenAI backing UAE Stargate data center project
NVIDIA CEO Jensen Huang attends an 'Investing in America' event held by U.S. President Donald Trump in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersU.S. tech giants Nvidia, Cisco and OpenAI are supporting the "UAE Stargate" artificial intelligence data...
Tech IPO market is finally showing signs of life
Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May...
Apple Pay services resolved after outage, company says
Nurphoto | Nurphoto | Getty ImagesApple users experienced problems with a range of the company's payment features on Friday.Wallet and Apple Pay were the last payment issues to be resolved, according to the company's support site. Earlier in the day, nearly 3,000...
CoreWeave pops 60% this week on AI growth momentum, big Nvidia stake
CoreWeave CEO Mike Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in Washington on May 8, 2025. Intrator and fellow tech leaders testified about the global artificial intelligence race and how the United States can remain...
Tesla adds long-time Chipotle executive Jack Hartung to board
Jack Hartung, CFO, Chipotle 190604Scott Mlyn | CNBCTesla has appointed long-time Chipotle executive Jack Hartung to its board of directors, effective June 1.As part of the board, Hartung will join Tesla's audit committee, the electric vehicle company disclosed in a...
Novogratz’ Galaxy Digital opens trading on the Nasdaq at $23.50
Mike Novogratz' crypto firm Galaxy Digital started trading on the Nasdaq Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange.Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the...
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation
Founder and CEO at Nvidia Jensen Huang is interviewed by Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | ReutersNvidia said it won't be...
Mike Novogratz describes path to Galaxy Digital’s Nasdaq listing
TORONTO — Mike Novogratz said he spent nearly four years and more than $25 million trying to take crypto firm Galaxy Digital public in the United States."It felt un-American, unfair, infuriating," Novogratz said.Novogratz told CNBC that a process that should take 45...
Microsoft offers to sell Office without Teams to placate EU regulators
The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty ImagesMicrosoft offered to unbundle its Office 365 and Microsoft 365 software suites from its Teams workplace communication app to address...
The U.S. has struggled for crypto clarity. Canada may have the answer
TORONTO — Canada has quietly become a global leader in digital assets.Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in recent years,...
Cerebras CEO says chipmaker’s ‘aspiration’ is to hold IPO in 2025
Toronto , Canada - 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesCerebras CEO Andrew Feldman said his hope is to take his company...
Fortnite is now offline on iOS as Apple blocks game, Epic Games says
Jakub Porzycki | Nurphoto | Getty ImagesFortnite is now unavailable on iOS globally, Epic Games said Friday, after Apple blocked a bid to reinstate the popular game on the App Store in the U.S."Apple has blocked our Fortnite submission so we cannot release to the US...
U.S., UAE agree on path for Emirates to buy top American AI chips, Trump says
U.S. President Donald Trump signs a guest book next to United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan, at Qasr Al Watan, in Abu Dhabi, United Arab Emirates, May 15, 2025. Brian Snyder | ReutersABU DHABI, United Arab Emirates — The U.S. and United...
Musk’s xAI Grok white genocide posts violated ‘core values’
Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk's xAI on Thursday evening made its first public comment about the latest controversy surrounding Grok, writing in a post on X that an "unauthorized modification" caused the chatbot to generate variations of a...
TikTok turns to meditation as it battles lawsuits and criticism
Jaap Arriens | Nurphoto | Getty ImagesPlagued with allegations and lawsuits of harming users' mental health, especially that of children, social media sensation TikTok has decided to turn to meditation — or, rather, guide its users to the calming effects of deep...
White House announces AI data campus partnership with the UAE
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Anadolu | Anadolu | Getty ImagesThe U.S. and United Arab Emirates are partnering on a massive...
YouTube launches weekly top podcast list to rival Spotify and Apple
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel on March 8, 2025 in Austin, Texas. Mat Hayward | Variety | Getty ImagesYouTube is solidifying its place in podcasts.The company on Thursday announced the...
CoreWeave CEO defends high capex, says it is meeting ‘demand signals’
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersCoreWeave shares jumped more than 5% Thursday as the renter of...
‘Sometimes you just get had’ — what Apple can to do to appease Trump
Apple may have only one way out of the rock and a hard place it finds itself in during President Donald Trump's second administration, CNBC's Jim Cramer said Thursday. "Unless [Apple CEO Tim Cook] builds some plant here to make phones, I don't think it is going to...
Grok AI chatbot says it ‘was instructed’ to discuss ‘white genocide’
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersThe Grok chatbot from Elon Musk's xAI startup said Wednesday that it "appears I was instructed to address the topic of 'white genocide' in...
Elon Musk America PAC didn’t pay voters who signed petition: lawsuit
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024.Anna Moneymaker | Getty ImagesElon Musk's America PAC didn't keep its promise to pay swing...
Klarna CEO says AI helped company shrink workforce by 40%
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural...
Israel-Hamas conflict a potential business risk in eToro IPO filing
Yoni Assia, Co-Founder and CEO of eToro, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2023. Patrick T. Fallon | Afp | Getty ImagesIn eToro's IPO filing, ahead of the company's market debut on Wednesday, the stock trading...
Latest China AI chip export rules are yet another obstacle for Nvidia
Nvidia announced an agreement with Saudi Arabia on Tuesday to develop the kingdom's artificial intelligence capabilities, a sign of its expanding global strategy.The partnership goes beyond the AI chip leader's conventional Western collaborations and may serve as a...
YouTube Gemini AI feature will target ads when viewers most engaged
People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company's corporate headquarters in San Bruno, California, on April 23, 2025.Josh Edelson | AFP | Getty ImagesYouTube on Wednesday announced a new...
Cisco (CSCO) Q3 earnings report 2025
Cisco reported earnings and revenue that topped analysts' estimates on Wednesday and issued guidance that also exceeded Wall Street's predictions.Here's how the company did in comparison with LSEG consensus:Earnings per share: 96 cents adjusted vs. 92 cents...
Cyber firm Proofpoint to buy Europe’s Hornetsecurity as it eyes IPO
Pavlo Gonchar | Lightrocket | Getty ImagesCybersecurity firm Proofpoint announced Thursday it will acquire Germany-based competitor Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets.The deal marks the largest...
Assassins Creed maker Ubisoft (UBI) stock plunges on dismal outlook
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesShares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors.Ubisoft reported a 20.5% drop in net bookings for...
Alibaba earnings report fiscal Q4 2025
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and...
CoreWeave (CRWV) Q1 2025 earnings report
Artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company's first earnings release since going public.CoreWeave also called for faster growth than expected for this year.Here's how CoreWeave did in...
Trump told Tim Cook he doesn’t want Apple building iPhones in India
Donald Trump speaks alongside Apple CEO Tim Cook (L) during the first meeting of the American Workforce Policy Advisory Board in the State Dining Room of the White House in Washington, DC, March 6, 2019.Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump on...
Amazon lays off about 100 employees in devices and services unit
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025.Brendan McDermid | ReutersAmazon is laying off roughly 100 employees in its devices and services division, the company confirmed Wednesday.The devices and services unit...
Tencent bets on WeChat empire to get ahead in China AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent's WeChat are taking a cautious approach to prevent speculation with NFTs.Sopa Images | Lightrocket | Getty ImagesTencent's WeChat app is indispensable for...
India approves Apple-supplier Foxconn’s $433 million chip joint venture
In this photo illustration, a Foxconn logo is seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesFoxconn, the world's largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a...
Musk’s xAI chatbot Grok is posting about ‘white genocide,’ South Africa
Jonathan Raa | Nurphoto | Getty ImagesThe Grok chatbot from Elon Musk's xAI startup is responding to user queries with unrelated comments about the controversial topic of "white genocide" and South Africa.CNBC on Wednesday found numerous instances of Grok discussing...
Tech companies are prioritizing AI products over safety, experts say
Sam Altman, co-founder and CEO of OpenAI and co-founder of Tools for Humanity, participates remotely in a discussion on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., April 24, 2025.Brendan Smialowski | AFP | Getty ImagesNot long ago, Silicon...
Stock trading app eToro IPOs, debuts on Nasdaq
Omar Marques | Sopa Images | Lightrocket | Getty ImagesShares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO.The stock opened at $69.69, or 34% above its initial offering price,...
New Uber features include a way for riders to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesUber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing...
AMD announces $6 billion buyback; shares climb 6%
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.Steve Marcus | ReutersAMD said on Wednesday that its board of directors approved $6 billion in share buybacks....
Google is testing AI search on its homepage
Visual China Group | Getty ImagesGoogle's stalwart search button has a new neighbor: AI Mode.The artificial intelligence feature is being tested directly beneath the Google search bar beside a "Google Search" button, replacing the "I'm Feeling Lucky" widget. The new...
Fintech company Chime files for Nasdaq IPO
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesFinancial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol "CHYM.""Chime is a technology company, not a bank," the company said...
Perplexity partners with PayPal for in-chat AI shopping
Perplexity is extending its bet on chat-powered shopping, aiming to stand out in the crowded generative artificial intelligence market against OpenAI, Anthropic, and Google.The company said on Wednesday that it's partnering with PayPal to let users make purchases...
Baidu’s robotaxi unit plans Europe expansion
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company...
Dallas Mavericks paid $33 million over 3 years by Chime for patch
Klay Thompson #31 of the Dallas Mavericks handles the ball during the game against the Memphis Grizzlies during the 2025 SoFi Play-In Tournament on April 18, 2025 at FedExForum in Memphis, Tennessee.Joe Murphy | National Basketball Association | Getty ImagesChime...
Stock and crypto trading site eToro prices IPO at $52 per share
Omar Marques | Sopa Images | Lightrocket | Getty ImagesEToro, a stock brokerage platform that's been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market's appetite for new offerings.The Israel-based company raised nearly...
CureIS Healthcare sues Epic Systems, alleging ‘scheme to destroy’
A sign that reads "Epic Intergalactic Headquarters" on campus.Epic SystemsCureIS Healthcare, a managed care services company, filed a civil lawsuit against Epic Systems on Monday night, alleging the electronic health record, or EHR, giant has carried out a...
Tencent Q1 2025 earnings report
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday reported an annual rise in its top and bottom line in the first quarter...
Samsung Electronics to acquire FläktGroup for 1.5 billion euros
A Samsung Group flag flutters in front of the company's Seocho building in Seoul. Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions...
Sony shares rise in choppy trade as PlayStation maker announces $1.7 billion share buyback
The Sony Group Corp. logo displayed on a screen at the Combined Exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, Oct. 16, 2024. Bloomberg | Bloomberg | Getty ImagesSony Group shares rose over 3.5% on Wednesday in volatile trading after the...
Airbnb launches redesigned app, new services business
Mateusz Slodkowski | Lightrocket | Getty ImagesAirbnb launched a redesigned app on Tuesday to showcase the company's push to let travelers book services, like catering and personal training, at their home rentals.The new-look app marks a new chapter for Airbnb to...
Coinbase jumps 22% after S&P 500 inclusion
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesCoinbase shares soared more than 20% on Tuesday and headed for their sharpest...
Tech CEOs mingle with Trump and MBS at Saudi investment forum
Senior Advisor to the US President Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025. Brendan Smialowski | Afp | Getty ImagesWealth and power.Global political and business leaders...
Nvidia sending 18,000 of its top AI chips to Saudi Arabia
Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | ReutersNvidia will sell over 18,000 of its latest artificial intelligence chips to Saudi Arabian company...
Elon Musk says Starlink was approved in Saudi Arabia
Elon Musk says Starlink was approved in Saudi Arabia
Microsoft is cutting 3% of all workers
Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024.Willy Kurniawan | ReutersMicrosoft on Tuesday said that it's laying off 3% of employees across all...
Hinge Health aims to raise up to $437 million in IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right).Courtesy of Hinge HealthHinge Health said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming initial public offering.The digital physical therapy startup filed...
OpenAI restructure plan gets SoftBank blessing as Microsoft negotiates
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025.Carlos Barria | ReutersOpenAI said last week that it would...
Coinbase joining S&P 500, replacing Discover Financial
Brian Armstrong, CEO of Coinbase, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCCoinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to...
Samsung Galaxy S25 Edge launch: Specs, price, availability
Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone.Arjun Kharpal | CNBCSamsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an...
Fintechs that made profits from high interest rates now face key test
The app icons for Revolut and Monzo displayed on a smartphone.Betty Laura Zapata | Bloomberg via Getty ImagesFinancial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations.With time...
Dubai government to accept crypto through Crypto.com partnership
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies.Nurphoto | Nurphoto | Getty ImagesDubai's Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with...
SoftBank Vision Fund swings to annual loss as investment gains slow
SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an 'Investing in America' event in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersSoftbank's Vision Fund business on Tuesday posted a loss in the fiscal year ended March...
Perplexity wrapping talks to raise $500 million at $14 billion valuation
Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation, a source familiar with the situation confirmed to CNBC. Accel, the Palo Alto-based venture capital firm, will lead the round, according to the source, who spoke anonymously because...
Trump says he talked to Apple CEO Tim Cook after China tariff rollback
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesPresident Donald Trump said...
Eric Trump’s American Bitcoin going public
The bitcoin mining company backed by President Donald Trump's sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining. The combined company, American Bitcoin, will trade under the ticker symbol...
KindlyMD merging with Trump crypto advisor David Bailey’s Nakamoto
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesShares of KindlyMD skyrocketed 600% Monday after the healthcare company announced a merger with Nakamoto Holdings, a bitcoin investment company...
UK AI copyright shakeup has Elton John, Dua Lipa fighting back
Sir Elton John (right) performs at the Verizon Center in Washington, D.C.Kyle Gustafson | For The Washington Post | Getty ImagesCelebrity musicians from Elton John to Dua Lipa are urging the U.K. government to rethink controversial plans to reform copyright laws that...
Global chip and tech stocks rally as U.S. and China agree tariff cut
HANGZHOU, CHINA - JUNE 3, 2024 - The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia's stock market value exceeded $3 trillion, officially surpassing Apple's market value and...
Trump’s crypto agenda threatened by his pursuits of personal profits
U.S. President Donald Trump looks on as he gives remarks outside the West Wing at the White House in Washington, D.C., U.S., May 8, 2025. Kent Nishimura | ReutersPresident Donald Trump is standing in his own way when it comes to passing crypto legislation.Lawmakers...
Virtual chronic care company Omada Health files for IPO
Omada Health smart devices in use.Courtesy: Omada HealthVirtual care company Omada Health filed for an IPO on Friday, the latest digital health company that's signaled its intent to hit the public markets despite a turbulent economy. Founded in 2012, Omada offers...
Google to pay Texas $1.4 billion in data privacy settlement
A Google corporate logo hangs above the entrance to the company's office at St. John's Terminal in New York City on March 11, 2025.Gary Hershorn | Corbis News | Getty ImagesGoogle agreed to pay nearly $1.4 billion to the state of Texas to settle allegations of...
Google search remedies trial wraps
Liz Reid, vice president, search, Google speaks during an event in New Delhi on December 19, 2022.Sajjad Hussain | AFP | Getty ImagesTestimony in Google's search remedies trial that wrapped hearings Friday shows how the company is calculating possible changes proposed...
Affirm drops 13% on weak forecast, skepticism of CEO’s bet on 0% loans
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares plunged on...
Rippling valued at $16.8 billion in $450 million funding round
From left, Parker Conrad, co-founder and CEO of Rippling, and Kleiner Perkins investor Ilya Fushman speak at the venture firm's Fellows Founders Summit in San Francisco in September 2022.RipplingHuman resources software startup Rippling said Friday that its valuation...
Fortnite applies to launch on Apple’s App Store after Epic Games court win
Jakub Porzycki | Nurphoto | Getty ImagesEpic Games said on Friday that it had submitted Fortnite to Apple's App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.Fortnite was booted from iPhones and Apple's App Store in 2020, after...
Bitcoin holds above $100,000 while ether rockets to its best week since 2021
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesCryptocurrencies extended their rally to end the week, with bitcoin holding steady above the $100,000...
Tech’s strong ad sales are starting to crack from Trump’s trade war
Vincent Feuray | Afp | Getty ImagesThe digital advertising market was sunny enough for investors this past quarter, providing what could be a last hurrah before a looming economic storm from President Donald Trump's tariff onslaught.Wall Street cheered the...
Lyft CEO says no signs of worry in the consumer
Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Kylie Cooper | ReutersLyft shares climbed 20% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross bookings.During an interview with...
Amazon Is going after Google and Microsoft in quantum computing
Another major player has entered the quantum-computing race: Amazon. The tech giant is the latest to make waves in the field with the February announcement of Ocelot, its own quantum chip. Amazon joins fierce competition from familiar rivals in cloud computing as...
Palantir joins top 10 most valuable tech companies, stock at premium
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024.David Paul Morris | Bloomberg | Getty ImagesThere's a new member in the list of the top 10 U.S. technology companies...
Lyft Q1 earnings report 2025
Lyft signage on a vehicle in New York, US, on Tuesday, Feb. 6, 2024.Shelby Knowles | Bloomberg | Getty ImagesLyft shares jumped 7% after the company boosted its share buyback plan to $750 million in its first quarter earnings report.Shares were as high as 10%...
Celsius CEO Alex Mashinsky sentenced to 12 years in crypto fraud case
Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025.Yuki Iwamura | Bloomberg | Getty ImagesAlexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on...
Pinterest Q1 earnings report 2025
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected...
Affirm (AFRM) earnings report Q3 2025
Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts' estimates even as profit for the prior quarter was better than expected. The stock fell 8% in extended trading on Thursday.Here's how the company...
Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesShares of Semiconductor Manufacturing International Corporation, China's...
Theranos founder Elizabeth Holmes loses appeal rehearing bid
Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, May 30, 2023.Go Nakamura | ReutersFormer Theranos CEO Elizabeth Holmes on Thursday...
Amazon adds pet prescriptions to its online pharmacy
Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gado | Getty ImagesAmazon is expanding its online pharmacy to fill prescription pet medications, the company announced...
Shopify (SHOP) earnings Q1 2025
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018.Chris Wattie | ReutersShares of Shopify dipped more than 5% in early trading Thursday after the company posted mixed first-quarter results and issued soft guidance for...
Coinbase acquires crypto derivatives exchange Deribit for $2.9 billion
The Coinbase logo is displayed on a smartphone with stock market percentages on the background.Omar Marques | SOPA Images | Lightrocket | Getty ImagesCoinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest...
Whoop launches new wearables Whoop 5.0 and Whoop MG
Whoop member wears the new device.Courtesy of WhoopWhoop on Thursday announced two new wearable devices, Whoop 5.0 and Whoop MG, which feature sleeker hardware, a longer battery life and additional in-app health insights. Both of the company's new devices are designed...
FTX claims against Steph Curry, Tom Brady, other celebs dismissed
Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty ImagesA Florida federal judge has...
StanChart analyst apologizes $120K bitcoin price call ‘too low’
Vcg | Visual China Group | Getty ImagesA Standard Chartered analyst who predicted bitcoin hitting $120,000 by the second quarter now says his price call is "too low.""I apologise that my USD120k Q2 target may be too low," Geoffrey Kendrick, head of digital assets at...
Arm (ARM) Q1 earnings reports 2025
Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company's logo on it, during an event in which Malaysia's Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5,...
AppLovin shares pop on earnings beat, mobile gaming business sale
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.Here's how the company did...
Trump crypto advisor David Bailey $300 million bitcoin investment co
Vcg | Visual China Group | Getty ImagesDavid Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.The deal, which has been in the...
Nvidia shares rise as Trump prepares to end chip export restrictions
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025.Jim Watson | AFP | Getty ImagesNvidia shares rose on Wednesday as the Trump administration prepared to rescind...
Apple says Epic Games contempt ruling could cost ‘substantial sums’
An Apple store in Walnut Creek, California, U.S., on April 30, 2025.Paul Morris | Bloomberg | Getty ImagesApple is asking a court to pause a recent decision in its case against Epic Games and allow the iPhone maker to once again charge a commission on in-app...
Nintendo forecasts sales of 15 million units for Switch 2 console
Attendees walk past an advertising board during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | ReutersNintendo said Thursday that it expects to sell 15 million...
Figma launches premium Figma Make ‘vibe-coding’ AI software designer
From left, Steven Levy, Wired editor at large, and Dylan Field, co-founder and CEO of Figma, speak onstage at Wired's The Big Interview event in San Francisco on Dec. 3, 2024.Kimberly White | Wired | Getty ImagesDesign software startup Figma on Wednesday debuted an...
Democrats push back against Trump’s growing crypto empire
Jonathan Raa | Nurphoto | Getty ImagesDemocrats turned up the pressure on President Donald Trump's cryptocurrency ventures this week and the fortune that he and his family are making off the efforts as a vote rolls forward on a key crypto bill.Thursday's vote on the...
Alphabet shares sink on report Apple may add AI search to its browser
Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. David Paul Morris | Bloomberg | Getty ImagesAlphabet and...
AMD CEO Lisa Su warns against strict U.S. chip controls
Advanced Micro Devices CEO Lisa Su said China is a "large opportunity" market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world's second-largest economy."There should be a balance between...
NBA’s Russell Westbrook launches AI-enabled funeral planning startup
Russell Westbrook, #4 of the Denver Nuggets, dribbles the ball during the game against the Oklahoma City Thunder during Round 2, Game 1 of the 2025 NBA Playoffs at Paycom Center in Oklahoma City, Oklahoma, on May 5, 2025.Zach Beeker | National Basketball Association |...
Electronic Arts (EA) Q4 earnings fiscal 2025
Visitors play the EA Sports FC 25 game in front of a placard with England's midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany, on Aug. 21, 2024.Ina Fassbender | AFP | Getty...
764,000 crypto wallets lost money, Chainalysis says
About 764,000 wallets that purchased President Donald Trump's $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.Most of the wallets that lost money held smaller amounts of the token,...
Trump’s CFPB drops enforcement of BNPL as consumer protections decline
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesFor the third time under President Donald Trump, the Consumer Financial Protection Bureau has pulled...
Uber (UBER) Q1 2025 earnings
Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | ReutersUber reported first-quarter results Wednesday that beat analysts' expectations for earnings, but fell shy of...
SpaceX gets FAA permission for fivefold increase in launches in Texas
The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company's Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025. Joe Skipper | ReutersSpaceX has been granted...
Trump tariffs and China export curbs cast cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesUncertainty — that was the theme during earnings season for the world's biggest semiconductor firms which are unclear on demand for their products as a result of...
AMD earnings report Q1 2025
Advanced Micro Devices reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current-quarter revenue.Shares of AMD were up 4% in extended trading before receding to fall less than 1% after the company discussed...
Super Micro (SMCI) Q3 2025 earnings report
Charles Liang, CEO of Super Micro, speaks at the HumanX AI conference in Las Vegas on March 10, 2025.Big Event Media | HumanX Conference | Getty ImagesSuper Micro issued disappointing guidance on Tuesday, a week after the server maker provided preliminary results for...
Uber CEO says changing employee benefits ‘is a risk we decided to take’
Uber CEO, Dara Khosrowshahi speaks during the "Intentional Equity in Sustainability" conversation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesUber CEO...
Seagate to triple hard drive capacity by 2030 to meet AI demand
Seagate Technology's headquarters in Scotts Valley, California.Tony Avelar | Bloomberg | Getty ImagesData storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the...
Meet Amazon’s robot, Vulcan, the first with a sense of touch
There's a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany.CNBC got an exclusive first look at Vulcan in April, as it stowed...
Amazon’s Zoox issues software recall after recent Las Vegas crash
A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty ImagesAmazon's Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.The...
Uber buys 85% stake in Turkish food delivery platform for $700 million
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California.Mario Tama | Getty ImagesUber will acquire an 85% stake in Turkish food delivery platform...
Palantir falls 12% as analysts raise international growth concerns
Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025. Brendan Smialowski | Afp | Getty ImagesPalantir shares dropped more than 10% Tuesday even after the data...
Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.Carlo Allegri | ReutersDoordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that...
Takeaways from Palantir CEO Alex Karp’s shareholder letter
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp offered up another...
Hims & Hers (HIMS) Q1 earnings 2025
Shares of Hims & Hers Health fell in extended trading on Monday after the company reported first-quarter earnings that beat analysts' expectations but offered weaker-than-expected guidance.Here's how the company did based on average analysts' estimates compiled by...
Palantir (PLTR) Q1 earnings report 2025
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesPalantir boosted its revenue guidance Monday and reported earnings that...
Hinge Health says revenue increased 50% in first quarter — still no price range for IPO
Hinge Health's TrueMotion feature.Courtesy: Hinge HealthHinge Health on Monday updated its prospectus to include the results from its first quarter, which showed accelerating revenue growth over its fourth quarter.The digital physical therapy startup filed to go...
SpaceX employees were elected to run new company town Starbase, Texas
The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship's Super Heavy Booster to the launch site.Sergio Flores | Afp | Getty ImagesOver the...
DoorDash to acquire UK food delivery firm Deliveroo for $3.9 billion
A Deliveroo rider near Victoria station in London, England, on March 31, 2021.Dan Kitwood | Getty ImagesLONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion...
Temu, Shein face big U.S. tariffs. Don’t count them out, experts say
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty ImagesThe closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein's business model in the United States. And yet the...
Waymo to double robotaxi production at Arizona plant by end of 2026
A Waymo self-driving vehicle seen in Phoenix, Arizona on Feb. 27, 2025. Leslie Josephs | CNBCAlphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the...
Function Health buys full-body scanning company Ezra
Jonathan Swerdlin, co-founder and CEO of Function Health.Courtesy of Function Health.Blood testing startup Function Health on Monday announced the acquisition of full-body MRI scanning company Ezra and launched a new, 22-minute scan for $499. Function offers a $499...
Hims & Hers brings former Amazon executive into C-suite
Bringing nearly 20 years of global experience at Amazon, Nader Kabbani is joining the executive leadership team to help the company further innovate on the delivery of affordable, seamless personalized care in the U.S. and globally.Courtesy: Hims & HersHims &...
Trump set to raise millions from crypto and memecoin this month
Jonathan Raa | Nurphoto | Getty ImagesPresident Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires. Both are poised to help him rake in millions.The first event, a...
Hinge Health unlikely path to IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right).Courtesy of Hinge HealthAt digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the "Cockroach Award," a distinction that brought with...
NASA $6 billion budget cut, acting administrator sees ‘tough choices’
The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX.A copy of the...
Temu halts shipments direct from China as de minimis tariff rule ends
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBargain Chinese retailer Temu changed its business model in the U.S. as the Trump administration's new rules on...
Uber inks robotaxi deal with Momenta to launch service in Europe 2026
A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022.David Swanson | ReutersUber said on Friday that it's partnering with Chinese self-driving startup Momenta to launch robotaxi services...
Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times' annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesAmazon founder Jeff...
Where Apple and Amazon are starting to feel the pinch
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesA tale of two different...
Google advertising antitrust remedies trial set for Sept. 22, judge says
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including...
Block plunges 20% as Cash App miss triggers downgrades
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.The first-quarter earnings miss rattled Wall Street, prompting...
Amazon’s ad business grew 19% in first quarter, topping estimates
A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025.Yves Herman | ReutersAmazon reported a 19%...
Apple clears Spotify app update that allows purchases
Daniel Ek, co-founder and chief executive officer of Spotify Technology SA, during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty ImagesSpotify on Friday said Apple has...
Airbnb (ABNB) Q1 earnings report 2025
Airbnb CEO Brian Chesky appears at "The Game Plan: Strategies for Entrepreneurs" at Airbnb Open in Los Angeles on Nov. 19, 2016.Kurt Krieger - Corbis | Getty Images Entertainment | Getty ImagesAirbnb reported results for the first quarter that were mostly in line with...
Amazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty ImagesAmazon CEO Andy Jassy looked to reassure investors on...
Tether eyes U.S. expansion with new stablecoin as CEO courts Washington
DUBAI, United Arab Emirates — Tether, the world's largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation.In an interview with CNBC this week, Tether CEO...
Ireland fines TikTok €530 million for sending EU user data to China
The TikTok logo is seen outside the Chinese video app company's Los Angeles offices on April 4, 2025 in Culver City, California.Robyn Beck | AFP via Getty ImagesTikTok has been fined 530 million euros ($601.3 million) by Ireland's privacy regulator for sending user...
China’s Xpeng delivered over 30,000 vehicles for sixth straight month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty ImagesChinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering...
Reddit Q1 earnings report 2025
Reddit reported first-quarter revenue on Thursday that beat Wall Street expectations, and issued better-than-expected guidance.The stock initially soared by as much as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and...
AWS Q1 earnings report 2025
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon's cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss.Revenue at Amazon Web Services...
Nvidia CEO Jensen Huang gets first salary raise in a decade
Nvidia's CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he's getting his...
Venmo gaining ground in payments as Cash App struggles
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast...
Apple has managed tariffs so far, but Cook lacks long-term answers
Apple CEO Tim Cook, after nearly a month of anticipation from investors, on Thursday finally revealed how Apple was navigating the Trump administration's tariffs.The company only saw a "limited impact" on tariffs between January and the end of March, Cook told...
Block (XYZ) earnings Q1 2025
Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 56...
Apple (AAPL) earnings report Q2 2025
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple reports fiscal second-quarter earnings Thursday...
Amazon (AMZN) Q1 earnings report 2025
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, Feb. 26, 2025.Brendan McDermid | ReutersAmazon is slated to announce its first-quarter earnings after the market close on Thursday.Here's what analysts are looking for:Earnings per...
Microsoft raises prices of Xbox video game consoles and controllers
Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft said Thursday that it has increased the recommended retail prices of...
Microsoft pops 9% after earnings beat, on pace for best day in 5 years
Satya Nadella, CEO of Microsoft, speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCMicrosoft shares popped 9% Thursday after the software giant issued strong guidance, and robust cloud growth...
Nvidia and Anthropic clash over U.S. AI chip restrictions on China
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesNvidia blasted Anthropic Thursday in a rare public...
Meta Platforms jumps 6% on earnings beat, advertising resilience
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta Platforms shares jumped more than 6% Thursday after the company topped earnings expectations and showed advertising...
Teladoc buys mental health company UpLift to help boost BetterHelp
Teladoc Health Inc. signage on the floor of the New York Stock Exchange on Dec. 31, 2024.Michael Nagle | Bloomberg | Getty ImagesVirtual care provider Teladoc Health, which has seen its market value plummet over the past five years, said Wednesday that it acquired...
Amazon to spend $4 billion on small town delivery expansion
Trucks travel through a flooded road while exiting from an Amazon delivery station in Carlstadt, New Jersey, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty ImagesAmazon said Wednesday it plans to spend roughly $4 billion by the end of 2026 on expanding...
Trump rewrites crypto rules first 100 days, industry sees ‘180 pivot’
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesAs President Donald Trump hit the 100-day mark this week for his second term in office, his approval numbers were lower than for any administration...
Epic Systems expands EHR market share lead over Oracle Health
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the biggest electronic health records (EHR) vendor, notched its largest ever net gain in hospital market share on record in 2024, widening its lead over rival...
Meta’s Reality Labs posts $4.2 billion loss in first quarter
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | ReutersMeta is continuing to sink billions of dollars a...
Qualcomm (QCOM) earnings report Q2 2025
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that...
Court finds Apple, executive lied under oath in Epic Games trial
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018.Lucas Jackson | ReutersApple willfully violated a 2021 injunction that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing...
Meta says China retailers are reducing digital ad spend
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | AFP | Getty ImagesChinese online retailers have cut back their spending on Facebook and Instagram ads in...
Microsoft passed its first test on U.S. tariffs with limited exposure
Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers...
Tesla shares fall on report that company’s board seeks new CEO to replace Elon Musk
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | ReutersShares...
Nvidia CEO Jensen Huang says China ‘not behind’ in AI
Nvidia CEO Jensen Huang said Wednesday that China is "not behind" in artificial intelligence, and that Huawei is "one of the most formidable technology companies in the world."Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be...
Trump-Bezos call sets stage for tense earnings report from Amazon
Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in...
Meta Q1 earnings report 2025
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is set to report its first-quarter earnings on Wednesday, and investors will be looking for any signs...
Microsoft (MSFT) Q3 earnings report 2025
Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025.David RyderMicrosoft is set to report fiscal third-quarter results after market close on...
GE HealthCare beats earnings, slashes outlook due to tariffs
GE HealthCare reported better-than-expected first-quarter results on Wednesday, but the company slashed its annual forecast to account for the impact of President Donald Trump's far-reaching reciprocal tariff policy.Shares of GE HealthCare were up 3% Wednesday.Here's...
Wall Street is anticipating Tim Cook’s first comments on tariffs
Apple CEO Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, on Sept. 9, 2024.Manuel Orbegozo | ReutersThe most anticipated part of Apple's Thursday earnings won't be iPhone sales or Mac forecasts – it'll be CEO...
Snap sinks 15% after withholding guidance, citing ad concerns
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap shares fell more than 15% Wednesday after the social media...
Etsy earnings Q1 2025
Gabby Jones | Bloomberg | Getty ImagesEtsy shares jumped in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter.Here's how the company did:Revenue: $651.2 million vs. $643 million, according to LSEGLoss: Loss per...
Super Micro shares dive after server maker issues weak preliminary financials
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro shares plunged as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third...
Microsoft says it respects European laws as U.S.-EU tensions heat up
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025.Kacper Pempel | ReutersMicrosoft President Brad Smith says the U.S. tech giant is...
Snap Q1 earnings report 2025
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington in Washington, D.C., on April 23, 2025.Kayla Bartkowski | Getty ImagesSnap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance,...
Waymo, Toyota partner to bring self-driving tech to personal vehicles
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesAlphabet-owned Waymo and Toyota on Tuesday announced a preliminary partnership to...
Satya Nadella says as much as 30% of Microsoft code is written by AI
Facebook's CEO Mark Zuckerberg (L) speaks with Microsoft's CEO Satya Nadella after posing for a family picture with guests who attend the "Tech for Good" Summit at the Elysee Palace in Paris, on May 23, 2018.Charles Platiau | AFP | Getty ImagesMicrosoft CEO Satya...
UK risks losing ground to rival fintech and crypto hubs, execs say
Workers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025. Bloomberg | Bloomberg | Getty ImagesLONDON — Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn't address...
Samsung flags uncertain economic climate after smartphone, chip sales power quarterly results beat
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as sales of its flagship smartphones as well as...
Why Lennar is betting on Base, which is building home backup batteries
In a warming world with increasingly extreme weather events, homeowners are turning to backup batteries for relief and peace of mind. But the backup only lasts only so long, and there's a bigger problem at play: aging power grids.Enter the virtual power plant, managed...
SpaceX loses bid to control beach access near Texas launch facility
SpaceX's mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APAs SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site...
Shift4 surges 11% on earnings beat as fintech stocks pop
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021.Source: NYSEFintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector.Shift4 Payments and Upstart Holdings surged...
UK announces draft rules for crypto industry, US collaboration
Romain Costaseca | Afp | Getty ImagesLONDON — Britain on Tuesday published draft legislation for the cryptocurrency industry, touting greater collaboration with the U.S. as it looks to regulate the wild world of digital assets.Speaking at a fintech event Tuesday, U.K....
Meta launches standalone AI app to take on ChatGPT
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta Platforms is launching a stand-alone artificial intelligence app and going...
Amazon considers displaying tariff surcharge on low-cost Haul products
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon is considering showing a tariff surcharge on items sold via its...
Venmo revenue grows as PayPal’s monetization push gains traction
Justin Sullivan | Getty ImagesVenmo, long a centerpiece of PayPal's growth story but often criticized for its lack of monetization, is becoming a bigger contributor to the business.PayPal said Tuesday in its first-quarter earnings release that revenue at Venmo...
PayPal (PYPL) Q1 earnings
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty ImagesPayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and...
Microsoft says U.S. can’t risk losing quantum computer lead to China
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025.Kacper Pempel | ReutersThe U.S. cannot afford to fall behind China in the race to a...
NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down
Kurt Sievers, CEO of NXP Semiconductors, during the Federation of German Industries conference in Berlin, Germany, on June 19, 2023.Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesNXP Semiconductors fell about 7% on Monday after the chip company announced CEO Kurt...
Oracle engineers caused days-long software outage at U.S. hospitals
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Monday, Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle engineers mistakenly triggered a...
Amazon launches first Kuiper satellites in bid to take on Starlink
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S.,...
Uber raises in-office requirement to 3 days, claws back remote workers
Uber on Monday informed employees, including some who had been previously approved for remote work, that it will require them to come to the office three days a week, CNBC has learned. "Even as the external environment remains dynamic, we're on solid footing, with a...
Alibaba Qwen3 AI series — China’s latest open-source AI breakthrough
Qwen3 is Alibaba's debut into so-called "hybrid reasoning models," which it says combines traditional LLM capabilities with "advanced, dynamic reasoning."Sopa Images | Lightrocket | Getty ImagesAlibaba released the next generation of its open-sourced large language...
Google increased CEO Sundar Pichai’s security costs by 22% in 2024
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Mandel Ngan | AFP | Getty...
Palantir is soaring while its tech peers are sinking. Here’s why
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesTech stocks have struggled in 2025, as recession and trade war fears sap...
Spotify paid over $100M to podcasts, including Joe Rogan, Alex Cooper
Pavlo Gonchar | Lightrocket | Getty ImagesSpotify said Monday it paid more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025.The figure includes all creators on the platform across all formats and agreements, including the...
Palo Alto Networks to buy Protect AI to boost artificial intelligence tools
Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks announced on Monday its intent to acquire Protect AI, a startup specializing in securing artificial intelligence and...
Atlassian, Snowflake and Workday all bet on identity startup Veza
From left, Veza founders Rob Whitcher, Tarun Thakur and Maohua Lu.VezaTech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments in artificial intelligence startups like OpenAI and Anthropic.But when it...
IBM to boost U.S. computer manufacturing with $150 billion spend
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty...
Fintech earnings focus concerns on tariffs, PayPal, Block, Affirm
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | ReutersPayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings...
Meta’s AI spending comes into focus amid Trump’s tariff policies
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | ReutersMark Zuckerberg's plan is to make Meta the market leader in artificial...
How TikTok’s rise sparked a short-form video race
TikTok's grip on the short-form video market is tightening, and the world's biggest tech platforms are racing to catch up.Since launching globally in 2016, ByteDance-owned TikTok has amassed over 1.12 billion monthly active users worldwide, according to Backlinko....
Trump meme coin insiders to wait additional 90 days before selling
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Justin Chin | Bloomberg | Getty...
Trump’s memecoin dinner contest earns insiders $900,000 in two days
WASHINGTON – President Donald Trump and his allies have raked in nearly $900,000 in trading fees over the past two days from the president's $TRUMP cryptocurrency token, according to Chainalysis, a blockchain data company. The surge came after a Wednesday announcement...
Elon Musk’s xAI Holdings in talks to raise $20 billion
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesElon Musk's xAI Holdings is in discussions with investors to raise about...
Trump dinner for meme coin prompts senators to demand ethics probe
Jonathan Raa | Nurphoto | Getty ImagesWASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump's private dinner with holders of his meme coin may constitute "pay to play" corruption, and are calling for an ethics investigation.The...
SEC Chair Atkins says crypto innovation ‘been stifled’ at roundtable
Chairman of the Securities and Exchange Commission (SEC) Paul Atkins looks on during his swearing-in ceremony, at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | ReutersWASHINGTON — SEC Chair Paul Atkins said on Friday that innovation in...
California is overhauling its autonomous vehicle regulations
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesNew rules for testing and deployment of...
Alphabet jumps 3% as search, advertising units show resilience
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet's stock gained 3% Friday after signaling strong growth in its search and advertising businesses...
Amazon sellers hike prices of goods after Trump’s China tariffs
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesFor 10 years, Aaron Cordovez has been selling...
Meta lays off employees working on VR in Reality Labs division
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta has laid off employees in its Reality Labs...
Waymo reports 250,000 paid robotaxi rides per week in U.S.
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersAlphabet reported Thursday that Waymo, its autonomous vehicle unit, is now delivering more than 250,000 paid robotaxi rides per week in...
Intel CFO says tariffs raise chance for economic slowdown, recession
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty ImagesIntel CFO David Zinsner said President Donald Trump's tariffs and...
Alphabet expects ‘slight headwind’ to ads business in 2025, execs say
President Donald Trump's trade policies will have a negative impact on Google parent Alphabet's core advertising business, an executive from the company said Thursday.Alphabet, which reported stronger-than-expected revenue in its first quarter of the year, faces an...
Intel (INTC) Q1 2025 earnings report
Intel Corporation's headquarters in Santa Clara, California, April 23, 2025.David Paul Morris | Bloomberg | Getty ImagesIntel reported first-quarter results Thursday that beat analysts' estimates, while issuing disappointing guidance and announcing plans to slash...
Pony.ai teams up with Tencent for robotaxi services on WeChat, other apps
A Pony.ai autonomous car.Pony.aiChinese start-up Pony.ai said Friday it will develop autonomous driving technology in partnership with Tencent Cloud and deploy robotaxi services on tech giant Tencent's WeChat and other applications.The Nasdaq-listed company which...
Alphabet Q1 earnings report 2025
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here's what analysts are expecting.Revenue: $89.2 billion, according to LSEGEarnings per share: $2.02, according to LSEGYouTube advertising...
ServiceNow shares pop 15% on strong earnings, upbeat guidance
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Brendan Mcdermid | ReutersServiceNow shares surged 15% on stronger-than-expected first-quarter...
South Korea says DeepSeek transferred user data to China, U.S. without consent
Jaap Arriens | Nurphoto | Getty ImagesSouth Korea's data protection authority has concluded that Chinese artificial intelligence startup DeepSeek collected personal information from local users and transferred it overseas without their permission.The authority, the...
Trump coin surges 50% after president promises dinner with top holders
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesThe $TRUMP...
Google teams are including remote workers in their cuts
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024.Carlos Barria | ReutersFive years removed from the onset of the...
Adobe plans mobile app for Firefly AI image generator to rival OpenAI
Adobe's new artificial intelligence image models, Firefly Image Model 4 and Firefly Image Model 4 Ultra, can generate hyper-realistic pictures in response to user prompts.AdobeLONDON — Adobe plans to launch a mobile version of its artificial intelligence image...
IBM Q1 earnings report 2025
IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday.Here's how the company performed:Earnings per share: $1.60 adjusted vs. $1.40 expectedRevenue: $14.54 billion vs. $14.4 billion expectedRevenue increased 0.6% in the quarter from...
Nvidia supplier SK Hynix quarterly earnings top estimates
Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty ImagesSouth Korea's SK Hynix on Thursday topped quarterly revenue and operating profit estimates, as demand for its high bandwidth memory offerings used in artificial...
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019.Pedro Nunes | ReutersLONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company as it readies...
Discord names new CEO ahead of potential IPO as co-founder steps down
Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021.Dado Ruvic | ReutersDiscord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday.Citron will...
PayPal introduces 3.7% yield on stablecoin balances to boost payments activity
Close up of a woman's hand paying with her smartphone in a cafe, scan and pay a bill on a card machine making a quick and easy contactless payment. D3sign | Moment | Getty ImagesPayPal and Venmo users will soon be able to earn yield on their stablecoin holdings, the...
Meta makes ads on Threads available to all eligible advertisers
This photo illustration created in Washington, DC, on July 6, 2023, shows the logo for Threads, an Instagram app, reflected in its opening page. Stefani Reynolds | AFP | Getty ImagesMeta has opened up its Threads microblogging service to all advertisers.The social...
Elon Musk on robotaxi, Optimus, tariffs, energy and Tesla’s future
Elon Musk steps off Air Force One upon arrival at Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. US President Donald Trump will be spending the weekend at Trump National Golf Club in Bedminster, New Jersey. Brendan Smialowski | Afp | Getty...
Tesla stock pops after Trump comments on China tariffs, Powell
US President Donald Trump and Tesla CEO Elon Musk, alongside Musk's son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla shares popped...
Apple AI ads went too far, watchdog says
Apple iPhone 16s lined upAn advertising watchdog said Tuesday that Apple went too far with marketing that touted the availability of Apple Intelligence features that weren't released when the ads were broadcast.The National Advertising Division, a non-profit focused...
YouTube turns 20, on track to be the biggest media company by revenue
Nurphoto | Nurphoto | Getty ImagesTwenty years ago today when Jawed Karim uploaded a grainy 19-second clip titled "Me at the Zoo" to his new platform, YouTube, he ushered in a new era in online video.The video of Karim visiting the San Diego Zoo was the first to...
EU fines Meta and Apple for breaching digital antitrust rules
Facebook and Instagram icons are seen displayed on an iPhone.Jakub Porzycki | Nurphoto | Getty ImagesThe European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc's digital competition laws.The European Commission,...
Tesla CEO Musk says time he spends on DOGE will drop in May
Elon Musk, CEO of Tesla Inc., in the Oval Office of the White House in Washington, D.C., on Feb. 11, 2025.Aaron Schwartz | Bloomberg | Getty ImagesTesla CEO Elon Musk began his company's earnings call on Tuesday by saying that his time spent running President Donald...
What Elon Musk said about tariffs and their potential effect on Tesla
U.S. President Donald Trump talks to the media, next to Tesla CEO Elon Musk with his son X Æ A-12, at the White House in Washington, D.C., U.S., March 11, 2025. Kevin Lamarque | ReutersElon Musk said on Tuesday that he doesn't like high or unpredictable tariffs, but...
Tesla ‘carefully’ working on India entry amid tariff concerns: CFO Vaibhav Taneja
Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty ImagesTesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said on Tuesday in the U.S., as the electric...
Tesla’s Optimus hit by China’s rare earth restrictions, says Musk
An Optimus bot from Tesla on display during the 2024 World AI Conference & High-Level Meeting on Global AI Governance at the Shanghai World Expo Exhibition and Convention Center on July 7, 2024.Anadolu | Anadolu | Getty ImagesTesla CEO Elon Musk says China's new...
Meta could take a $7 billion hit this year because of Trump’s tough China tariffs
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | AFP | Getty ImagesMeta's core online advertising business could take a $7 billion hit this year due to...
Tesla short sellers have made $11.5 billion from this year’s selloff
It's been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company's stock price.Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The...
Instagram launches Edits app for video, rivaling TikTok
Instagram Edits app.Courtesy: InstagramInstagram on Tuesday launched its standalone Edits video creation app that offers features similar to those already available from TikTok parent Bytedance.The new app allows creators to organize project ideas, shoot and edit...
Tesla (TSLA) earnings report Q1 2025
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos...
Tesla shares tumble ahead of first-quarter earnings report
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025.Win McNamee | Getty ImagesTesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as...
China’s CATL claims to beat BYD’s EV battery record with longer range on a 5-minute charge
Signage for Contemporary Amperex Technology Co. (CATL) displayed during the company's Tech Day event in Shanghai, China, on Monday, April 21, 2025. Bloomberg | Bloomberg | Getty ImagesChina's CATL, the world's largest supplier of EV batteries, announced a set of new...
Google argues DOJ breakup could hurt U.S. economy in battle with China
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAs Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company...
Amazon has paused some data center lease commitments: Wells Fargo
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Michael Nagle/Bloomberg via...
FTC sues Uber, says company charged for Uber One without consent
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California.Mario Tama | Getty ImagesThe Federal Trade Commission on Monday sued Uber, alleging the...
Musk looking to put ‘proper value’ on xAI
Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersElon Musk is looking to put "proper value" on his artificial intelligence startup xAI, sources told CNBC's David Faber.The comments came...
Tesla and Alphabet facing tariff uncertainty
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the...
Meet Partiful, the Gen Z party-planning staple that’s taking on Apple
Partiful's CEO, Shreya Murthy, and CTO, Joy TaoCourtesy: PartifulWhen Shreya Murthy and Joy Tao decided to launch a party-planning startup in 2020, they settled on a business goal of "bringing people together in person."The Covid-19 pandemic demanded the exact...
Nintendo Switch 2 retail preorder to begin April 24 following tariff delays
An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes |...
How quantum computing could supercharge Google’s AI ambitions
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company's most ambitious bets yet. They're attempting to develop the world's most advanced quantum computers."In the future, quantum and AI, they could...
Google hit with second antitrust blow, adding to concerns about ads
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC.Alex Wong | Getty ImagesGoogle's antitrust woes are continuing to mount, just as the company tries to brace for a future...
Discord sued by New Jersey over child safety features
Jason Citron, CEO of Discord in Washington, DC, on January 31, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesThe New Jersey attorney general sued Discord on Thursday, alleging that the company misled consumers about child safety features on the gaming-centric...
Etsy touts ‘shopping domestically’ as Trump tariffs mean price hikes
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of...
Global Payments shares plunge 17% on $24 billion Worldpay deal
The Global Payments Company logo seen displayed on a smartphone.Igor Golovniov | LightRocket | Getty ImagesGlobal Payments shares tumbled 17% on Thursday after the company said it's buying Worldpay for more than $24 billion while simultaneously selling its Issuer...
Brain implant cleared by FDA for Musk Neuralink rival Precision
Array from Precision Neuroscience.Source: Precision NeuroscienceNeurotech startup Precision Neuroscience on Thursday announced that a core component of its brain implant system has been approved by the U.S. Food and Drug Administration, a major win for the...
Judge finds Google holds illegal online ad tech monopolies
Alphabet's Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S.U.S. District Judge Leonie Brinkema in Alexandria, Virginia, ruled...
23andMe bankruptcy under congressional investigation for customer data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty ImagesThe House Committee on Energy and Commerce is investigating 23andMe's decision to file for Chapter 11 bankruptcy protection and has...
TSMC denies it’s talking to Intel about chipmaking joint venture
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty ImagesTaiwan...
Nvidia follows export laws ‘to the letter’ after China chip sales end
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty ImagesA day after Nvidia...
Former CISA chief Krebs leaves SentinelOne after Trump exec order
Former Cybersecurity and Infrastructure Security Agency Director Chris Krebs testifies before a Senate Homeland Security and Governmental Affairs hearing to examine claims of voter irregularities in the 2020 election, in the Dirksen Senate Office Building, in...
TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth
Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Hsinchu, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat profit expectations for the first quarter, thanks to a continued surge in...
Temu cuts U.S. ad spend, drops in App Store rank after Trump tariffs
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesChinese online retailer Temu, whose "Shop like a billionaire"...
Spotify restores service after Wednesday outage
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify was down Wednesday, with about 50,000 reports of an outage on DownDetector.The company posted an all-clear to Twitter just after...
AMD expects $800 million hit from U.S. chip restrictions on China
Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.Benoit Tessier | ReutersShares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800...
Chip stocks fall as Nvidia, AMD warn of China export control costs
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025.Brittany Hosea-small | ReutersTechnology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector...
Lyft to buy taxi app Free Now for $200 million to expand into Europe
Lyft logo is seen in this illustration taken June 27, 2022.Dado Ruvic | ReutersU.S. ride-hailing firm Lyft on Wednesday announced that it's buying European taxi app Free Now in a 175 million euro ($199 million) deal.The company said that the acquisition — Lyft's first...
Nvidia says it will record $5.5 billion charge for H20 GPUs to China
Nvidia CEO Jensen Huang delivers the keynote address during the Nvidia GTC 2025 at SAP Center on March 18, 2025 in San Jose, California. Justin Sullivan | Getty ImagesNvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting...
Figma confidentially files for IPO a year after ditching Adobe deal
Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024.Bloomberg | Bloomberg | Getty ImagesDesign software maker Figma said on Tuesday that it has...
Google sued for £5 billion in the UK for abusing dominance in search
The entrance to Google's U.K. offices in London.Olly Curtis | Future Publishing | via Getty ImagesLONDON — Google is being sued for over £5 billion ($6.6 billion) in potential damages in the U.K. over allegations that the U.S. tech giant abused its "near-total...
Japan’s antitrust watchdog issues Google ‘cease and desist’ order
An attendee takes a photograph using a Google Pixel 9 smartphone during the CP+ trade show in Yokohama, Japan on February 27, 2025. Tomohiro Ohsumi | Getty Images News | Getty ImagesThe Japan Fair Trade Commission (JFTC) on Tuesday issued a cease and desist order...
Chip equipment giant flags tariff uncertainty
Jaap Arriens | Nurphoto | Getty ImagesDutch semiconductor equipment giant ASML on Wednesday missed order expectations and said that uncertainty from new U.S. trade restrictions may affect demand for its critical chipmaking machines.Here's how ASML did versus LSEG...
Meta CEO Zuckerberg considered spinning off Instagram 2018: FTC trial
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom.During...
Amazon emails sellers to gauge how Trump’s tariffs impacting business
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is reaching out to third-party merchants, who account for...
HPE shares pop after activist Elliott Management takes $1.5 billion stake
Shares of Hewlett Packard Enterprise jumped nearly 5% after Elliott Investment Management took a more than $1.5 billion stake in the server maker, a person familiar with the matter told CNBC. The activist investor hopes to engage the company in discussions on how to...
U.S. is unable to replace rare earths supply from China, warns CSIS
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersAs China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall,...
Digital bank Bunq accelerates US expansion effort as profit jumps
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads."Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch digital bank Bunq on Tuesday said it's filed for...
Webull stock soars in second trading day after completing SPAC merger
Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | ReutersShares of Webull soared nearly 375% on Monday, the second day on the market for the...
Apple regains $3 trillion market cap after Trump exempts iPhone tariff
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple shares rose more than 2% on Monday, pushing the...
Adobe invests in AI video platform Synthesia
An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. David Becker | Getty ImagesLONDON — Adobe has invested in Synthesia, a British artificial intelligence startup, in a bet that the technology will...
South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
Visitors look at the display of SK Hynix Inc. 12-layer HBM3E memory chips at the Semiconductor Exhibition (SEDEX) in Seoul, South Korea, on Wednesday, Oct. 23, 2024. Bloomberg | Bloomberg | Getty ImagesSouth Korea announced Tuesday a support package of 33 trillion won...
U.S. discloses details on chips probe as it prepares new tariffs
William_potter | Istock | Getty ImagesThe U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream products, according to a Federal Register notice put online Monday. The official document...
Meta acquisitions were ‘buy-or-bury scheme’
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook "panicked" when making the acquisitions of Instagram and WhatsApp as smartphone use took off."It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that's the...
Sony raises PlayStation 5 prices in Europe, UK
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a "challenging economic environment" behind its move.In...
Apple, Google, Cash App alums ditch Big Tech to build on bitcoin
AUSTIN — On a Friday morning last spring, Mark Suman called out sick from his job as a senior engineering project manager at Apple and made his way downtown to a place called the Bitcoin Commons, a sort of clubhouse for enthusiasts of the world's largest...
Tokenization of the market coming if we fix one problem: BlackRock CEO
Bitwise Spot Bitcoin ETF (BITB) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 11, 2024, with trading commencing on the first US exchange-traded funds that invest directly in the biggest cryptocurrency.Bloomberg |...
Peter Thiel’s Founders Fund closes $4.6 billion growth fund
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesFounders Fund, the...
Meta adds former Trump advisor to its board
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men's NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025.Brendan Smialowski | Afp | Getty...
UnitedHealth makes doctors repay loans issued after Change cyberattack
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024.Kent Nishimura | Getty ImagesFollowing the massive cyberattack on UnitedHealth Group's Change Healthcare unit last year, the company launched a...
Apple may hike iPhone prices as Trump tariffs on China remain high
Apple is once again in the crosshairs of a global trade war. This time, the stakes may be even higher.On April 2, President Donald Trump signed a sweeping executive order instituting reciprocal tariffs on a wide range of imported goods, including those from China,...
Tech stocks head for winning week with Nvidia tracking for 15% gain
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | ReutersTechnology stocks were on pace for a winning week Friday on the heels of a...
Tariffs spell trouble for VCs amid Klarna, StubHub IPO delays
A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for...
Here’s how much a ‘Made in the USA’ iPhone would cost
Tim Cook, chief executive officer of Apple Inc., speaks during a "First Tool-In" ceremony at the TSMC facility under construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.Caitlin O'Hara | Bloomberg | Getty ImagesWhen President Barack Obama asked late Apple...
The blockbuster antitrust trial kicks off
This photo illustration created on January 7, 2025, in Washington, DC, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | Afp | Getty ImagesMeta will face off against the U.S. Federal Trade Commission on Monday in a...
Tesla shares retreat following sharpest rally since 2013
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla shares slumped on Thursday, reversing course a day after the electric...
Apple left without life raft amid Trump’s China trade war: Analysts
People shop at an Apple store in Grand Central Station in New York on April 4, 2025.Michael M. Santiago | Getty ImagesThough U.S. President Donald Trump's 90-day pause on many of his "reciprocal tariffs" has given some firms and investors respite, America's largest...
Trump tariffs mean higher prices, big losses for Amazon sellers
President Donald Trump's aggressive tariff policy on April 2 didn't just cause mayhem in the stock market. It sent Amazon sellers into a panic.Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up...
Fintech shares sink as stocks pull back from tariff pause rally
Gabby Jones | Bloomberg | Getty ImagesFintech's relief rally is already losing steam.Shares of Affirm, Toast, Bill.com, PayPal and other consumer-focused fintech firms turned lower Thursday.The retreat followed a powerful bounce Wednesday after President Donald Trump...
Apple drops 4% after notching best day since 1998
Apple shares declined more than 4% Thursday, giving back some of Wednesday's gains that pushed the iPhone maker to its best day since January 1998.The technology giant, down 13% so far this month and down 23% since the start of 2025, surged more than 15% Wednesday...
Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers
Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump's sweeping tariffs, but that its vast network of third-party sellers may "pass that cost on" to consumers."I understand why, I mean, depending on which country...
Amazon CEO Andy Jassy’s 2025 shareholder letter
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around AI, along with a more competitive chip market, will eventually bring down costs around the technology.Dear Shareholders:2024 was a strong year...
Dot-com bust, 1987 crash had relief rallies similar to Wednesday’s pop
The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty ImagesEvery bear market has days like this.The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest...
Google reverses policy telling workers not to discuss antitrust case
Alphabet CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk in Warsaw, Poland, on February 13, 2025.Klaudia Radecka | Nurphoto | Getty ImagesGoogle has reversed a policy forbidding employees from discussing its antitrust woes following a settlement with...
Apple has best day since 1998 on Trump’s 90-day tariff pause
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesApple shares skyrocketed 15% on Wednesday after President Donald Trump announced a 90-day pause...
PC shipments increased in first quarter, companies braced for tariffs
Dell, HP and Lenovo laptops on display at the Consumer Electronics Show 2025 in Las Vegas, on Jan. 8, 2025.Artur Widak | Nurphoto | Getty ImagesPersonal computer shipments rose in the first quarter of the year as companies sped up deliveries to gear up for incoming...
Amazon delays first Kuiper satellite launch due to bad weather
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Bitcoin to hit $250,000; Mag 7 adopt stablecoins: Charles Hoskinson
Bitcoin could hit $250,000 as early as this year with technology giants such as Microsoft and Apple entering the cryptocurrency space, industry veteran and founder of the Cardano blockchain Charles Hoskinson told CNBC.Crypto markets have been hammered amid a sell-off...
Affirm surges 20% as fintech rallies on tariff pause, but risk remains
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesThe fintech sector is rallying Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day...
Amazon Kuiper launches first satellites, takes on Elon Musk’s Starlink
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S.,...
Bitcoin surges more than 7% in broad market relief rally as Trump pauses some tariffs
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin spiked on Wednesday afternoon after President Donald Trump said on social media that he authorized a 90-day pause on tariffs.The price of the flagship cryptocurrency was last higher by more than 7% at $82,350.37,...
Apple bounces 3% after worst losing streak since 2000
CEO of Apple Tim Cook speaks at an event in 2022.Jerod Harris | Getty Images Entertainment | Getty ImagesApple shares rallied more than 3% Tuesday after the iPhone maker posted its worst four-day losing stretch since 2000.The rise came amid a broader rally in...
Plan to boost artificial intelligence industry
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act.Jaque Silva | Nurphoto | Getty ImagesThe European Union on Wednesday presented a plan to boost its artificial intelligence...
Apple slide puts Microsoft back on top as most valuable public company
Satya Nadella, CEO of Microsoft, laughs as he attends a session at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020.Denis Balibouse | ReutersApple's 23% plunge over the past four trading sessions has again turned Microsoft into the world's most...
Elon Musk steps up attacks on Navarro as Tesla shares slump fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump's top trade advisor, Peter Navarro.Musk, the world's richest person, started going after Navarro over the weekend, posting on X that a "PhD in econ from Harvard is a...
DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022.Kent Nishimura | Los Angeles Times | Getty ImagesThe U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government...
Digital health startup Transcarent completes $621M Accolade merger
Glen Tullman, chairman and chief executive officer at Livongo Health Inc., speaks during the 2015 Bloomberg Technology Conference in San Francisco, California, U.S., on Tuesday, June 16, 2015.David Paul Morris | Bloomberg | Getty ImagesDigital health startup...
Tech, semiconductor stocks bounce on tariff optimism, Nvidia jumps 7%
Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders.Nvidia led the Magnificent Seven group's gains, rallying about 7%. Meta Platforms,...
Drone delivery startup Zipline expands to Texas with Walmart
A drone operator loads a Walmart package into Zipline's P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023.Bunee TomlinsonZipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones,...
Crypto firm Ripple to buy primer broker Hidden Road for $1.25 billion
Jakub Porzycki | Nurphoto | Getty ImagesRipple on Tuesday said that it's agreed to buy prime brokerage firm Hidden Road for $1.25 billion, in the crypto startup's biggest acquisition to date.Founded in 2018, Hidden Road offers clearing, prime brokerage and financing...
Apple iPhone price could jump $350 in U.S. on Trump tariffs: analyst
A customer checks Apple's latest iPhone 16 Plus (right) and Apple's latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on Sept. 26, 2024.Firdous Nazir | Nurphoto | Getty ImagesPresident Donald Trump's...
Apple’s 3-day loss in market cap swells to almost $640 billion
(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Saul Loeb | Afp |...
Elon Musk brother Kimbal says Trump tariffs permanent tax on consumers
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016.Patrick T. Fallon | Bloomberg | Getty ImagesElon Musk's younger brother, Kimbal, took to X on...
UK loses bid to keep Apple appeal against iPhone ‘backdoor’ a secret
Chief Executive of Apple, Tim Cook gives a thumb's up during a tour the Apple Headquarters on December 12, 2024 in London, England. Chris Jackson | Getty ImagesApple has triumphed over an effort from the U.K. government to keep details secret of its appeal against an...
Tech stocks fall as Trump stands by tariffs, selloff deepens
U.S. President Donald Trump's adviser Elon Musk reacts on the day of a rally in support of a conservative state Supreme Court candidate of an April 1 election in Green Bay, Wisconsin, U.S. March 30, 2025. Vincent Alban | ReutersTechnology stocks fell for a third...
Nintendo President on the new Switch 2, tariffs and what’s next
Nintendo on Wednesday unveiled details for the Switch 2. It'll include a bigger screen and controllers and is a faster version than its predecessor, which sold more than 150 million units since its 2017 release.The Switch 2 will hit store shelves on June 5 for...
TikTok stays on App Store Attorney General Pam Bondi
In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesApple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances...
Pennylane doubles valuation as Alphabet VC fund takes stake
Seksan Mongkhonkhamsao | Moment | Getty ImagesFrench accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.Pennylane told CNBC that it raised the fresh funds from a host of venture funds,...
For bitcoin bulls who self-custody crypto, the risks are growing
Whether to buy cryptocurrency as a long-term holding may be the biggest decision an investor interested in digital assets has to make, but where to store crypto can become the most consequential.Following the wildfires earlier this year in California, social media...
Tesla robotaxi deadline looms as political backlash builds over Musk
Elon Musk has been promising investors for about a decade that Tesla's cars are on the verge of turning into robotaxis, capable of driving themselves cross-country, after one big software update.That hasn't happened yet.What Tesla offers is a sophisticated, but only...
Silicon Valley return on Trump bet: Plunging valuations, delayed IPOs
The Nasdaq MarketSite in New York, June 9, 2023.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump's 2024 presidential run. The early returns in 2025 aren't great, to say...
Former Microsoft CEO Steve Ballmer on Trump tariffs: ‘Not good’
President Trump's new tariffs on goods that the U.S. imports from over 100 countries will have an effect on consumers, former Microsoft CEO Steve Ballmer told CNBC on Friday. Investors will feel the pain, too.Microsoft's stock dropped almost 6% in the past two days,...
Microsoft AI chief sees benefits to AI models that are months behind
Microsoft owns lots of Nvidia graphics processing units, but it isn't using them to develop state-of-the-art artificial intelligence models.There are good reasons for that position, Mustafa Suleyman, the company's CEO of AI, told CNBC's Steve Kovach in an interview on...
Applovin can offer TikTok ‘much stronger bid than others,’ CEO says
Piotr Swat | Lightrocket | Getty ImagesAppLovin CEO Adam Foroughi provided more clarity on the adtech company's late-stage bid to acquire TikTok, calling theirs a "much stronger bid than others" on CNBC's The Exchange Friday afternoon.Foroughi said the company is...
Affirm second-worst week on record on tariffs, Klarna delayed IPO
Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAffirm shares have plunged nearly 30% in the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump's sweeping tariff announcement on...
Trump’s tariff rates for other countries larger than World Trade data
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025.Chip Somodevilla | Getty ImagesPresident Donald Trump announced an aggressive, far-reaching "reciprocal tariff" policy this...
Trump extends TikTok deadline for the second time
Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok or face an effective ban in the country, marking the second time he has taken such action.Trump...
Nintendo delays Switch 2 pre-orders because of Trump tariffs
In this photo illustration, the logo of Nintendo Switch 2 is displayed on a smartphone screen on April 3, 2025 in Suqian, Jiangsu Province of China. Vcg | Visual China Group | Getty ImagesNintendo said on Friday that pre-orders for the company's hotly anticipated...
Technology stocks fall for a second session, led by Tesla and Nvidia
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTechnology stocks fell for a second day Friday as retaliatory...
Klarna, StubHub delay IPOs as Trump’s tariffs roil markets
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna and StubHub are delaying plans to go public after President Donald Trump's sweeping tariff announcement sent shockwaves through U.S. markets.The companies put...
Bitcoin rises slightly, holding at $83,000 as global trade war deepens stock market slide
Fernando Gutierrez-Juarez | Picture Alliance | Getty ImagesBitcoin held its head above water after China retaliated against President Donald Trump's tariffs, while stocks continued to crater following their worst day since 2020.The price of the flagship cryptocurrency...
Microsoft turns 50, future success built on ability to ‘win the new’
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesA half-century ago, childhood friends Bill Gates and Paul Allen started Microsoft from a strip...
Affirm, PayPal, fintechs plunge on concerns Trump tariffs hit consumer
The global market rout on Thursday, sparked by President Donald Trump's announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.Affirm, which offers buy now, pay...
Trump tariffs will impact Apple’s non-China supply chains
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesIn the past few years, Apple has...
AI could affect 40% of jobs, widen inequality between nations: UN
Artificial intelligence robot looking at futuristic digital data display.Yuichiro Chino | Moment | Getty ImagesArtificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology's benefits remain highly concentrated, according to...
Nvidia positioned to weather Trump tariffs, says Altimeter’s Gerstner
Altimeter Capital CEO Brad Gerstner said Thursday that he's moving out of the "bomb shelter" with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump's widespread tariffs. "The growth and the demand for...
YouTube announces Shorts editing features amid potential TikTok ban
Jaque Silva | Nurphoto | Getty ImagesYouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an...
Bitcoin-related startup deals rose in 2024: Trammell Venture Partners
Romain Costaseca | Afp | Getty ImagesAs crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups.The number of pre-seed transactions in the market climbed 50% in 2024, according to a report published Thursday from...
Tech stocks sink after Trump tariff rollout; Apple leads drop
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in...
Bitcoin slides to $81,000 as Trump tariffs jolt stock market
Harun Ozalp | Anadolu | Getty ImagesBitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump's big tariffs reveal jolted the stock market.The price of the flagship cryptocurrency was last lower by 5% at $81,849.63, according to Coin...
Plaid raises $575 million funding round at $6 billion valuation
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.George Frey | Bloomberg via Getty ImagesPlaid on Thursday announced a new funding round that values the fintech startup at $6...
Amazon submits bid for TikTok as ban deadline nears
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the...
Apple leads a drop in tech stocks after Trump tariff announcement
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesApple slid more than 6% in late...
Apple iPhone production in China, India in focus after Trump tariffs
Apple's iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024.Rasid Necati Aslim | Anadolu | Getty ImagesApple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are...
De minimis trade loophole to end May 2, White House says
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, U.S, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole,...
Xiaomi delivers record cars in March as winners emerge in China EV race
A Xiaomi store in Shanghai, China, on March 16, 2025.Qilai Shen/Bloomberg | Bloomberg | Getty ImagesChinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup...
Eric Trump moved to crypto after family became ‘most canceled company’
Eric Trump says his family was "the most canceled company, probably on Earth."That was then. With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity. "It actually is what drove us toward cryptocurrency," the president's...
Small tech firms left in limbo by shifting Trump tariff policy
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | ReutersWhen President Donald Trump made it...
Applovin in negotiations for potential TikTok bid, sources say
The AppLovin logo arranged on a laptop in New York, US, on Wednesday, Feb. 26, 2025. Gabby Jones | Bloomberg | Getty ImagesAppLovin is one of the companies in negotiations to potentially acquire TikTok, sources familiar with the situation told CNBC's David Faber on...
Amazon to launch first batch of Kuiper satellites on April 9
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Tesla shares rise on unconfirmed report Elon Musk could be leaving DOGE post soon
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Trump was returning to the White House after spending the weekend at...
Screen size, controllers, storage and games
Nintendo Switch 2Courtesy: NintendoNintendo revealed the details of the Switch 2, its next game console, in a launch video on Wednesday.The Switch 2 will hit store shelves on June 5. Nintendo will launch game titles including "Mario Kart World" and "Street Fighter 6"...
Tesla (TSLA) Q1 2025 vehicle delivery and production numbers
General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025.Kena Betancur | Getty ImagesTesla reported 336,000 vehicle deliveries in the first quarter of 2025, two days after the electric vehicle company's stock wrapped up its worst quarter since 2022.Here...
Tesla China-made EV sales fall 11.5% in March as competition rises
Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla sales of its China-made cars fell in March as competition from local...
USDC issuer Circle files for IPO as public markets open to crypto
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBCCircle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.The prospectus, filed with the SEC on Tuesday, lays the...
Hims & Hers adds Zepbound, Mounjaro, and liraglutide to platform
The Hims app arranged on a smartphone in New York on Feb. 12, 2025.Gabby Jones | Bloomberg | Getty ImagesHims & Hers Health shares closed up 5% on Tuesday after the company announced patients can access Eli Lilly's weight loss medication Zepbound and diabetes drug...
Meta’s head of AI research announces departure
Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta's head of artificial intelligence research announced...
CoreWeave shares bounce 12%, rising above IPO price
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M....
TikTok creators, partners remain optimistic ahead of app’s ban deadline
Photo illustration shows the TikTok logo displayed on a mobile phone screen.Sopa Images | Lightrocket | Getty ImagesFor the second time this year, TikTok is staring at a deadline that could determine its fate in the U.S. and that of numerous creators and brands that...
Tesla plunges 36% in first quarter, worst performance since 2022
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla's stock just wrapped up its worst quarter since 2022 and...
AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO
Toronto , Canada - 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip developer Cerebras said Monday that...
Wall Street banks got meager payout from CoreWeave IPO
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersWall Street banks waited a long time for a billion dollar IPO from a...
LightSource raises $33 million funding round led by Bain, Lightspeed
LightSource cofounders: CTO Idan Mintz and CEO Spencer PennCourtesy: LightSourceWith President Donald Trump set to impose sweeping tariffs on a wide swath of U.S. trading partners this week, corporate America is awash in uncertainty. LightSource, a San Francisco...
Amazon resumes drone deliveries after two-month pause
Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed.In January, Amazon halted Prime Air deliveries in College Station, Texas, and Tolleson, Arizona, the two U.S. markets where it's testing the service, as the company...
United Microelectronics shares pop on GlobalFoundries deal report
The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024.Cindy Schultz | Bloomberg | Getty ImagesU.S. semiconductor manufacturer GlobalFoundries is reportedly weighing a merger with Taiwan-based United Microelectronics.U.S. shares...
Takes on rivals OpenAI, Anthropic
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Monday released a new AI model that can take actions in a web browser on a user's behalf, a move that puts it in more...
CoreWeave shares slump nearly 10% in second day of trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan McDermid | ReutersCoreWeave's stock sank nearly 10% on Monday, falling well...
How the shift to apps changed the race
Value within the artificial intelligence industry is slowly shifting, from the companies developing models to the apps building on top of them. Early in the AI race, critics viewed apps like Perplexity, Replit, Sesame and Abridge as second-rate middlemen, slapping an...
Klarna CEO Sebastian Siemiatkowski faces biggest test yet: IPO
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesLONDON — After 20 years in the role as Klarna's CEO, Sebastian Siemiatkowski is about to face his toughest test yet as...
Huawei 2024 revenue surges to near-record high on smartphone comeback
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese...
In DNA sale, a new kind of market panic is created
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty ImagesDNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul...
In Trump era, companies are rebranding DEI efforts, not giving up
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.Gonzalo Fuentes | ReutersAfter Google scrapped its...
Trump was supposed to unlock IPOs, CoreWeave debut reflects skepticism
CoreWeave Inc. signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty ImagesIt wasn't supposed to go down like this.The Trump presidency was set to usher in a rush of...
Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud
Elon Musk's Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022.Jakub Porzycki | Nurphoto | Getty ImagesA proposed class-action lawsuit against Elon...
Elon Musk says xAI has acquired X, in deal valuing X at $33 billion
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion."xAI and X's futures are intertwined," Musk, the...
Intel announces three board members will retire following CEO shake-up
A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024.Justin Sullivan | Getty Images News | Getty ImagesThree members of Intel's board of directors will not stand for reelection in May, the company said in a filing on...
AppLovin CEO tells investors ‘dig deeper’ after short-seller report
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company's stock suffered its steepest drop on record on Thursday.Foroughi penned a new blog post...
Amazon MGM Studios boss Jen Salke to step down. Read the memo
Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon's head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and...
CoreWeave set to begin trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersArtificial intelligence cloud provider CoreWeave is...
Lower IPO pricing was ‘where the buying interest was’
CoreWeave CEO Mike Intrator said Friday that the company's IPO pricing, which came in below expectations, has to be placed in the larger context of the macroenvironment."There's a lot of headwinds in the macro," Intrator said on CNBC's Squawk Box. "And we definitely...
Taiwan alleges China chipmaker SMIC illegally poached tech talent
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesTaiwan investigators on Friday alleged that Chinese chipmaker Semiconductor...
Ubisoft shares surge on deal to spin off top game franchises
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesUbisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.On Thursday, Ubisoft revealed plans to form...
AppLovin plunged 20% as short-seller Muddy Waters goes after company.
Jaque Silva | Nurphoto | Getty ImagesShares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company's digital ad technology and claimed that it's violating app store rules.AppLovin tumbled $65.92...
CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024.Carlos Rodrigues | Sportsfile | Web Summit | Getty ImagesCoreWeave on Thursday said it priced shares at $40 in the company's IPO, raising $1.5 billion in the...
Alibaba $100 billion stock rally fueled by AI, Jack Ma return
In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to "correct its course." The message was as a rallying cry by one of China's most prominent tech leaders to a company going through one of the most tumultuous...
China already ahead of U.S. in humanoid robot race, analysts say
Unitree's G1 robot at the Mobile World Congress 2025 in Barcelona, Spain, on March 6, 2025.Nurphoto | Nurphoto | Getty ImagesAmerican tech giants like Tesla and Nvidia are racing to develop humanoid robots, stressing their importance to the future economy. But...
Silicon Valley bubble risks heighten as investors pile into SPVs
One of the most popular acronyms in Silicon Valley these days is SPV.It stands for special purpose vehicle. In tech startup land, it's a type of investment fund that typically involves concentrating all of its assets in one company. SPVs have blown up in recent years...
Meta debuts Friends tab as Zuckerberg pushes ‘throwback to OG Facebook’
In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France.Chesnot | Getty ImagesMeta on Thursday debuted the Facebook Friends tab, a new feature that's part of CEO Mark...
Ubisoft spins out new gaming subsidiary, Tencent to take stake
On Jan. 9, Ubisoft said it was postponing the launch of "Assassin's Creed Shadows" and had appointed advisors to review strategic options.Ina Fassbender | AFP via Getty ImagesUbisoft on Thursday announced that it's creating a new gaming subsidiary with Chinese...
Robinhood CEO likes Amazon Prime model, sees loyalty opportunity
Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks...
Nvidia to anchor CoreWeave IPO at $40 a share, source says
CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024.CNBCNvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.The company initially filed the offering at $47...
The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO
With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent "GPU clouds," a status it hopes investors will value when it debuts on the public markets.But the world of artificial intelligence hardware is moving so quickly that...
Utah adopts child safety law requiring Apple, Google to verify user ages
Utah Gov. Spencer Cox on Wednesday signed a bill that requires Apple and Google's mobile app stores to verify user ages and require parental permission for those under 18 to use certain apps, the governor's spokesperson told CNBC.The law is the first of its kind in...
Amazon Pharmacy chief medical officer Vin Gupta departs the company
Vin Gupta, then-chief medical officer at Amazon Pharmacy, speaks during Amazon's "Delivering the Future" event at the company's BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington, on Oct. 18, 2023.Jason Redmond | Afp | Getty...
23andMe co-founder lashes out at CEO Wojcicki after bankruptcy filing
A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty Images23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetic testing company that...
Trump says he may reduce China tariffs to help close a TikTok deal
Muhammed Selim Korkutata | Anadolu | Getty ImagesPresident Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok.China "is going to have to play a role" in approving a TikTok-related...
Former Intel CEO Pat Gelsinger joins venture firm Playground Global
From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim.Playground GlobalAfter a tumultuous four years running Intel, Pat Gelsinger is going into venture capital.Gelsinger, who was ousted by the chipmaker in December, has...
Trump says Tesla CEO Elon Musk didn’t advise on auto tariffs ‘because he may have a conflict’
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | ReutersAfter President Donald Trump said on Wednesday he would impose 25% tariffs on "all cars that are not made in the...
Alibaba launches open-source AI model for ‘cost-effective AI agents’
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba Cloud launched Thursday its latest artificial intelligence model in its "Qwen series," as large language model competition in China...
Tesla drops on slowing European sales, concerns about Trump tariffs
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla shares fell about 6% on Wednesday as data from Europe...
OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesOpenAI expects revenue will...
Amazon testing shopping, health assistants, pushes into generative AI
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon, in an effort to infuse generative artificial intelligence across a wider swath of its e-commerce universe, recently began...
U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities
William_potter | Istock | Getty ImagesThe U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing's artificial intelligence and advanced...
23andMe has filed for bankruptcy. How to delete your genetic data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images23andMe has officially filed for Chapter 11 bankruptcy protection, which means its assets — including its vast genetic database —...
Google quantum exec says tech is ‘5 years out from a real breakout’
A handout picture from October 2019 shows Sundar Pichai with one of Google's Quantum Computers in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.Handout . | ReutersOne of...
SEC will keep $50 million of Ripple fine and refund the rest
Jakub Porzycki | Nurphoto | Getty ImagesRipple and the U.S. Securities and Exchange Commission have reached an agreement to end their long-running legal battle. Following last week's news that the SEC would drop its appeal without conditions, Ripple has now agreed to...
Trump’s World Liberty Financial jumps into stablecoin game with USD1 reveal
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesWorld Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a...
Waymo will launch Washington, D.C., robotaxi service in 2026
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo's officially on its way to the...
Napster pioneered music sharing 25 years ago, bought for $207 million
Alexander Pohl | Nurphoto | Getty ImagesA quarter century ago, Napster was notorious on the internet for allowing people to swap songs for free, long before the music industry had come up with a model for the digital age.The service was shuttered in 2001 amid mounting...
Trump Media shares jump on announcement of ETF deal with Crypto.com
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesShares of Trump Media jumped about 9% in extended trading on Monday after the parent of the president's social media company announced an agreement with Crypto.com to launch a series of exchange-traded funds and...
Samsung Electronics co-CEO Han Jong-hee, 63, dies of heart attack
Han Jong-hee, co-chief executive officer of Samsung Electronics Co., at the company's annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. Bloomberg | Bloomberg | Getty ImagesSouth Korea's Samsung Electronics said...
23andMe files for bankruptcy, Anne Wojcicki steps down as CEO
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesEmbattled genetic testing company 23andMe, once valued at...
What’s next for IPOs, M&A after Google’s $32 billion Wiz acquisition
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty ImagesGoogle's acquisition of cybersecurity startup Wiz could be a turning point for an uncertain IPO market and a...
China’s open-source embrace upends conventional wisdom around artificial intelligence
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty ImagesChina is embracing open-source AI models in a trend market watchers and insiders say is boosting AI adoption and innovation in the country, with...
Binance CEO says Trump has been ‘fantastic’ for cryptocurrency
Richard Teng, chief executive officer of Binance Holdings Ltd., at an event hosted by the Foreign Correspondents Association in Singapore, on Tuesday, Sept. 17, 2024. Ore Huiying | Bloomberg | Getty ImagesBinance CEO Richard Teng says the Trump administration has been...
Crypto’s long battle with SEC comes to a close with Ripple victory
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersThe Securities and Exchange Commission's years-long crusade against the crypto industry appears to be over.The...
StubHub files for IPO as companies start lining up to go public
The StubHub logo is seen in a former store in New York City on April 18, 2024.Michael M. Santiago | Getty ImagesStubHub, an online marketplace for reselling tickets, on Friday filed to go public on the New York Stock Exchange under the ticker symbol "STUB."In its...
Microsoft posts weekly gain to end longest losing streak since 2008
Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024.Chalinee Thirasupa | ReutersWith about 10 minutes left until the market's close, Microsoft's stock was down for the week. It would've been the first eight-week...
Bo Hines is ex-football player steering America’s crypto strategy
U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and Executive Director of the Presidential Council of Advisers for Digital Assets Bo Hines attend the White House Crypto...
Crypto PACs pump cash into Florida, GOP risks thinning House majority
Florida CFO Jimmy Patronis delivers remarks before Gov. Ron DeSantis took to the stage during his Don't Tread on Florida Tour in Sarasota on Nov. 6, ahead of the Nov. 8 midterm election, 2022.Tiffany Tompkins | Bradenton Herald | Tribune News Service | Getty...
The race to build a practical quantum computer
Technology giants Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology, as are various other companies like Rigetti, IonQ, Quantum Computing Inc. and D-Wave Quantum Inc.The latest entrant into the space is Nvidia, with CEO Jensen Huang...
Elon Musk tells Tesla employees ‘hang onto your stock’ in all-hands
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025.Kevin Lamarque | ReutersDuring Elon Musk's two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing...
The Magnificent 7’s lousy year, by the numbers
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025.Brian Snyder | ReutersIt's been a painful year so far for megacap technology giants and 2025 is only getting started.Six members of the group...
Micron (MU) Q2 earnings 2025
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesMicron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts' estimates and offered...
Tesla owners are trading in their EVs at record levels, Edmunds says
A Tesla store in Alhambra, California on March 11, 2025.Frederic J. Brown | AFP | Getty ImagesAs Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car...
Elon Musk received summons in SEC suit over Twitter disclosure
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesElon Musk received a court summons last...
Abu Dhabi’s ADQ, U.S. PE firm to invest $25 billion in U.S. data center projects
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | ReutersSovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment...
Nvidia CEO Huang says was wrong about timeline for quantum computing
Nvidia CEO Jensen Huang interviews executives from quantum computing firms at Nvidia's annual developer conference in San Jose, California, U.S., March 20, 2025. Stephen Nellis | ReutersNvidia CEO Jensen Huang on Thursday walked back comments he made in January, when...
BlackRock’s head of digital assets says staking could be a ‘huge step change’ for ether ETFs
Omar Marques | Lightrocket | Getty ImagesAppetite for ether ETFs has been tepid since their launch last July, but that could change if some of the regulatory wrinkles holding them back get "resolved," according to Robert Mitchnick, head of digital assets at...
Tesla recalls 46,000 Cybertrucks, says panel can increase ‘risk of crash’
A Tesla Cybertruck is parked in front of the White House in Washington, U.S., March 11, 2025. Kevin Lamarque | ReutersTesla is recalling more than 46,000 of its Cybertrucks due to a cosmetic exterior trim panel that it said can "delaminate and detach from the...
Klarna lands buy now, pay later deal with DoorDash ahead of IPO
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesKlarna, the buy now, pay later lender that's headed for an initial public offering, said on Thursday that it's signed on...
AMD’s Lisa Su has already beaten Intel. Now comes Nvidia
Lisa Su, CEO of AMD, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, Feb. 10, 2025. Benoit Tessier | ReutersWhen Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of...
Huawei Pura X launch: Specs, price, HarmonyOS 5
Richard Yu Chengdong, executive director of Huawei and chairman of the Board of Directors of the Consumer Business Group, introduces HUAWEI Pura X mobile phone at a new product launch conference on March 20, 2025 in Shenzhen, China.Vcg | Visual China Group | Getty...
SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company's headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesSoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server...
Nvidia’s Huang says faster chips are the best way to reduce AI costs
Nvidia CEO Jensen Huang introduces new products as he delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025.Josh Edelson | AFP | Getty ImagesAt the end of Nvidia CEO Jensen Huang's unscripted two-hour keynote on Tuesday, his...
Microsoft makes Amy Coleman its new chief people officer
Microsoft's Amy Coleman (L) and Kathleen Hogan (R).Source: MicrosoftMicrosoft said Wednesday that company veteran Amy Coleman will become its new executive vice president chief people officer, replacing Kathleen Hogan, who has held the position for the past...
EU orders Apple to open up App Store, risking Trump retaliation
A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | ReutersEuropean Union regulators are taking steps to rein in Google and Apple on...
XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company
A visual representation of the digital cryptocurrency, XRP.S3studio | Getty ImagesXRP surged after Ripple CEO Brad Garlinghouse said the Securities and Exchange Commission is no longer pursuing its appeal in the case against the payments company.The price of XRP was...
Meta billions of dollars at stake in overhaul Delaware corporate law
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon MuskManuel Orbegozo | Chip Somodevilla | ReutersAfter news broke on the last day of January that Meta might follow Elon Musk's lead in exiting Delaware to incorporate in another state, Democratic Gov. Matt Meyer...
Tencent Q4 2024 earnings report
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in...
Google-Wiz deal ‘litmus test’ for Trump admin handling of Big Tech
The Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024.Gabby Jones | Bloomberg | Getty ImagesSeven months ago, Alphabet lost a marquee case against the Biden administration's Justice Department, which accused the company of maintaining an...
Nvidia announces Blackwell Ultra and Vera Rubin AI chips
Nvidia CEO Jensen Huang arrives to attend the opening ceremony of Siliconware Precision Industries Co. (SPIL)’s Tan Ke Plant site in Taichung, Taiwan Jan. 16, 2025. Ann Wang | ReutersNvidia announced new chips for building and deploying artificial intelligence models...
Amazon AI scammers defrauded users with ‘passive income’ scheme
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesThe Federal Trade Commission is going after an e-commerce...
US food tech leader GrubMarket hits $3.5 billion value in new funding
Mike Xu, GrubMarket Founder and CEOCourtesy: GrubMarketFood logistics company GrubMarket said Tuesday that it has raised $50 million in a Series G funding round, valuing the San Francisco-based firm at more than $3.5 billion.The new round includes Liberty Street...
Google announces new health-care AI updates for Search
A Google corporate logo hangs above the entrance to their office at St. John's Terminal on March 11, 2025, in New York City.Gary Hershorn | Corbis News | Getty ImagesGoogle on Tuesday announced health-care updates to Search, including a way for people with specific...
Google to acquire cloud security startup Wiz for $32 billion
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty ImagesGoogle on Tuesday signed a "definitive agreement" to acquire Wiz, the New York-based cloud security startup, for...
This startup is creating a global tech platform for recycled wood
Each year 36 million trees fall due to decay, disease, natural disasters or clearing for new development. The vast majority of those trees are either burned, sent to a landfill or ground up for mulch, which wastes energy and causes carbon emissions. Now, new...
Trump World Liberty Financial crypto sold $550 million in tokens
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesPresident Donald Trump's World Liberty Financial crypto project said on Monday that it raised $250 million in its second...
Startup Rippling sues competitor Deel, claiming a spy stole sales data
Co-founder & CEO of Rippling Parker Conrad speaks onstage during the TechCrunch Disrupt conference in San Francisco on Oct. 20, 2022Kimberly White | TechCrunc | Getty ImagesHuman resources software startup Rippling sued competitor Deel in federal district court on...
Baidu, once China’s generative AI leader, is battling to regain its position
Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background.Future Publishing | Future Publishing | Getty ImagesChinese tech giant Baidu has released two new free-to-use artificial intelligence models as it vies to regain...
Baidu shares jump 10% following release of new free-to-use AI models
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesShares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as...
Human-level AI will be here in 5 to 10 years, DeepMind CEO says
Google DeepMind co-founder and Chief Executive Officer Demis Hassabis speaks during the Mobile World Congress, the telecom industry's biggest annual gathering, in Barcelona, Spain, Feb. 26, 2024.Pau Barrena | Afp | Getty ImagesLONDON — Artificial intelligence that can...
Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesBARCELONA — Global telecommunications firms are talking up advances in key technologies...
The U.S. is falling behind China in nuclear fusion, needed to power AI
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed.Often called the holy grail of clean energy, nuclear fusion...
Y Combinator startups are fastest growing in fund history because of AI
Silicon Valley's earliest stage companies are getting a major boost from artificial intelligence.Startup accelerator Y Combinator -- known for backing Airbnb, Dropbox and Stripe -- this week held its annual demo day in San Francisco, where founders pitched their...
After Elon Musk Delaware exit, state weighs overhaul of corporate law
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla CEO Elon Musk turned Delaware's...
Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm "Block" is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesWith its stock down more than 30% this year and revenue growth slowing, Jack...
Buy now, pay later lender Klarna files for U.S. IPO
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna, a provider of buy now, pay later loans filed its IPO prospectus on Friday, and plans to go public on the New York Stock Exchange under ticker symbol...
New Intel CEO Lip-Bu Tan to receive $69 million compensation package
Intel appoints Lip-Bu Tan as CEO.Courtesy: IntelNew Intel CEO Lip-Bu Tan will receive total compensation of $1 million in salary and about $66 million in stock options and grants vesting over the coming years, according to filing on Friday with the SEC.Tan was named...
David Sacks sold $200 million in crypto holdings before taking WH job
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersDavid Sacks, the Trump administration's AI and crypto czar, sold over $200 million...
Shares of DocuSign surge 14% on strong earnings, AI boost
Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday."We've really stabilized and I think started to turn the corner on the core business," CEO Allan Thygesen said Friday on CNBC's "Squawk Box." "We've become much more...
Tech’s 3-week selloff wipes out $2.7 trillion in value from megacaps
Sebastien Bozon | AFP | Getty ImagesLess than two months ago, the tech industry's top leaders flocked to Washington, D.C., for the presidential inauguration, part of an effort to strike a friendly tone with President Trump after a contentious first go-round in the...
Toast, Shift4 lead drop in fintechs, investors fret over spending
A screen displays the company logo for Toast Inc. during the company’s initial public offering at the New York Stock Exchange in New York City on Sept. 22, 2021.Brendan Mcdermid | ReutersEconomic concerns are hitting the stock market broadly, but they're having an...
Europe telcos urge more mega-mergers to catch up to US, China on 5G
The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain.Angel Garcia | Bloomberg | Getty ImagesBARCELONA — Europe's telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with...
Nvidia to detail Vera Rubin chips at GTC conference
Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.David Paul Morris/Bloomberg via Getty ImagesNvidia CEO Jensen Huang is expected to reveal details...
Why toll text scam is out of control and Apple, Android can’t stop it
The texts first started arriving on Eric Moyer's phone in February. They warned him that if he didn't pay his FastTrak lane tolls by February 21, he could face a fine and lose his license.The Virginia Beach resident did what the majority of people do: ignore them....
Adobe (ADBE) Q1 earnings report 2025
Shantanu Narayen, Chairman and CEO of Adobe Systems addresses the gathering on the first day of the three-day B20 Summit in New Delhi on August 25, 2023.Sajjad Hussain | AFP | Getty ImagesAdobe shares dropped 13% following the company's quarterly earnings report, as...
Binance token rises after report that Trump family has discussed stake
The Binance logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesBinance's BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a...
Intel pops after naming new CEO, Wall Street backs turnaround effort
Intel Appoints Lip-Bu Tan as Chief Executive OfficerCourtesy: IntelIntel shares popped more than 13% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt.Tan previously served as CEO of chip software maker and...
MoonPay pushes further into enterprise with Iron stablecoin acquisition
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami.MoonPayCrypto payments giant MoonPay is expanding its push into the enterprise market with the acquisition of Iron, an API-first stablecoin infrastructure startup. This marks MoonPay's...
Meta Community Notes to use open-source technology from Elon Musk’s X
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta's upcoming Community Notes feature for monitoring misinformation through crowdsourcing will use some technology...
Intel names Lip-Bu Tan CEO to orchestrate turnaround at chipmaker
Lip-Bu Tan appointed chief executive officer of Intel CorporationCourtesy: IntelIntel said on Wednesday that it had appointed Lip-Bu Tan as its new CEO, as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in...
Arbitrator prohibits Meta whistleblower from promoting tell-all book
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesMeta is seeking to stop the promotion of a new memoir by a former staffer that paints the social media company...
Abu Dhabi’s MGX to invest $2 billion in crypto exchange Binance
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023.Justin Sullivan | Getty ImagesEmirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange's first institutional...
Shares of iRobot tank 30% after Roomba maker issues ‘going concern’
Roomba vacuums by iRobot are displayed at Best Buy store on January 19, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesShares of iRobot plunged more than 30% on Wednesday after it said there's "substantial doubt" about its ability to stay in...
FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
Bloomberg | Bloomberg | Getty ImagesThe Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.Attorneys for the FTC made the request...
Tesla bounces for second day after steepest drop since 2020
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla shares rose for a second straight day...
Spotify says it paid nearly 1,500 artists $1 million or more in 2024
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City.Michael M. Santiago | Getty ImagesSpotify is minting music millionaires.Nearly 1,500 artists generated over $1 million in royalties from Spotify in 2024, the company...
Ailing Swedish EV battery firm Northvolt files for bankruptcy
A Northvolt building in Sweden, photographed in February 2022.Mikael Sjoberg | Bloomberg | Getty ImagesStruggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden.The firm said it that it submitted the insolvency...
Salesforce to invest $1 billion in Singapore over 5 years in AI push
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five...
Reddit rallies after three-day slump as analyst calls selloff ‘excessive’
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty...
Waymo expands its robotaxi service in the San Francisco Bay Area
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo on Tuesday announced it is expanding...
Trust & Will raises $25 million in funding round, UBS invests
Trust & Will founders, Cody Barbo (CEO), Brian Lamb, and Daniel Goldstein.Courtesy: Trust & WillLegal technology company Trust & Will said Tuesday that it has raised $25 million in a Series C funding round. The San Diego-based firm, ranked No. 41 on last...
Fintech stocks plummet as Wall Street frets over consumer spending
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesIt was a bad day for...
Asana CEO Dustin Moskovitz announces retirement, stock plummets 25%
Asana CEO and Facebook co-founder Dustin Moskovitz.PATRICIA DE MELO MOREIRA | AFP | Getty ImagesDustin Moskovitz, the CEO of Asana and one of the original founders of Facebook, is retiring from the software company he started in 2008.Asana announced Moskovitz's...
Digital physical therapy startup Hinge Health files for IPO
Hinge Health's Enso product.Courtesy: Hinge HealthHinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat...
Oracle (ORCL) Q3 earnings report 2025
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle issued quarterly results on Monday that trailed analysts' estimates and gave...
Tesla shares plunge 14%, head for worst day in five years
People gather in a protest outside a Tesla dealership in Lisbon against Tesla and SpaceX CEO Elon Musk on March 9, 2025.Patricia De Melo Moreira | Afp | Getty ImagesTesla's selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker...
Bitcoin briefly falls under $80,000 on heightened recession fears
CFOTO | Future Publishing | Getty ImagesBitcoin briefly dropped under the $80,000 level Monday, dragged by the continued selling pressure in the equities market.The price of the flagship cryptocurrency was last lower by 3% at $80,185.27, according to Coin Metrics. At...
Nvidia down 30% from high as tech-led sell-off hits Magnificent Seven
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersNvidia has lost nearly a third of its value just two months after notching a fresh high.The leading...
Elon Musk’s social platform X is down for some users
Elon Musk's social media platform X experienced several outages on Monday morning, leaving some users unable to load the site.Nearly 40,000 users reported problems with the platform around 10 a.m. ET, according to the analytics platform Downdetector, which gathers...
Why European Starlink rival Eutelsat shares are rocketing
A satellite dish in a ground network of satellites at Eutelsat's Madeira office. Photographer: /Bloomberg via Getty ImagesZed Jameson | Bloomberg via Getty ImagesShares of French satellite operator Eutelsat skyrocketed almost 390% last week — and a potential change of...
Bitcoin falls as volatility continues after Trump’s bitcoin reserve plan
Jonathan Raa | Nurphoto | Getty ImagesBitcoin fell on Monday as volatility in the price of the world's largest cryptocurrency continues following an executive order signed by President Donald Trump to create a strategic bitcoin reserve for the United States.Bitcoin...
Student helps coders use AI to cheat in Google, other job interviews
A person walks past the entrance to a Google building in Dublin, Feb. 15, 2023.Artur Widak | Anadolu | Getty ImagesAfter landing internship offers from Amazon, Meta and TikTok, computer science student Chungin "Roy" Lee has decided to move to San Francisco.But he...
How Facebook Marketplace is keeping young people on the platform
Meta's Facebook's influence remains strong globally, but younger users are logging in less. Only 32% of U.S. teens use Facebook today, down from 71% in 2014, according to a 2024 Pew Research study. However, Facebook's resale platform Marketplace is one reason young...
AppLovin short-seller urges S&P 500 committee to exclude stock
The short-seller assault on AppLovin is getting ratcheted up a notch.A week after Fuzzy Panda Research put out a report alleging that AppLovin's ad-tech software is the "nexus of a house of cards," and accusing the company of violating Google and Apple's app store...
Hinge Health to go public as soon as April, source says
Hinge Health's TrueMotion feature.Courtesy: Hinge HealthDigital physical therapy startup Hinge Health is gearing up to file for an initial public offering, potentially as soon as next week, CNBC has learned.Hinge Health helps patients with musculoskeletal injuries...
Tesla shares declined every week since Elon Musk went to Washington
Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025.Brian Snyder | ReutersTesla's stock has never had a stretch this red.For seven straight weeks, since Elon Musk went...
Apple delays Siri AI improvements to 2026
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty ImagesWhen unveiling Apple Intelligence last summer, one of Apple's flashiest demos showed the...
Palantir delivers first two AI-enabled systems to U.S. Army
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023.Patrick T. Fallon | AFP |...
Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom.Martin H. Simon | Bloomberg | Getty ImagesBroadcom shares climbed about 5% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand.The chipmaker posted adjusted earnings of...
Chipmakers fall post earnings despite topping estimates
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersMore than two years into the generative artificial intelligence boom, Wall Street is setting an...
Trump’s first Crypto Summit has attendees ready to push for regulation
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesNow that President Trump has announced plans for a...
AWS launches Amazon GameLift Streams for cloud gaming
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon's cloud unit said Thursday that it's launching a service to allow video game publishers to stream...
Tech stocks wipe out last of post-election gains as Nasdaq plummets
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president...
Oracle’s Federal Electronic Health Record suffered nation-wide outage
Jaque Silva | Nurphoto | Getty ImagesOracle's Federal Electronic Health Record experienced a nation-wide outage on Tuesday, the Department of Veterans Affairs confirmed to CNBC.The agency said "all users" of the company's Federal EHR, including the VA, the Department...
Hewlett Packard Enterprise (HPE) Q1 earnings report 2025
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Brendan McDermid | ReutersHewlett Packard Enterprise shares slid 19% in extended trading on...
Broadcom (AVGO) earnings report Q1 2025
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported first-quarter earnings on Thursday that topped analysts' expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading.Here's how the company did...
Trump signs executive order for U.S. strategic bitcoin reserve
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC.Jabin Botsford | The Washington Post | Getty ImagesPresident Donald Trump signed an executive...
Cryptocurrencies fall after Trump officially establishes U.S. bitcoin reserve
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a "digital asset stockpile."The price of bitcoin was last...
Marvell shares plunge after Q4 2025 earnings report
Matt Murphy, CEO, Marvell TechnologyScott Mlyn | CNBCMarvell Technology shares plummeted more than 17% after the chipmaker's guidance fell short of some elevated buyside estimates.For the first fiscal quarter, the chipmaker said it expects sales of about $1.88...
More trifold smartphones are popping up after Huawei’s $3,600 splash
BARCELONA — China's Huawei isn't the only smartphone maker adding a third display to its devices.At the Mobile World Congress (MWC) trade show in Barcelona, a number of firms were showing off their display technology innovations.The South Korean tech giant Samsung...
MongoDB shares crater 20% as weak outlook overshadows strong results
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth.For the fiscal 2026 year, the company said it expects adjusted earnings to range between...
Alibaba shares soar after Chinese tech giant unveils DeepSeek rival QwQ-32B
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek's global...
MongoDB (MDB) Q4 earnings report 2025
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance.Here's how the company did in comparison with LSEG consensus:Earnings per share: $1.28 adjusted...
Online scams easy as ever, as cybercrime markets flourish
"Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes," Nicholas Court, assistant director of Interpol's Financial Crime and Anti-Corruption Centre, told CNBC.Imaginima | E+ | Getty...
Alexis Ohanian, Kevin Rose team up to buy and revive Digg
Alexis OhanianDavid A. Grogan | CNBCContent aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian.Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by...
Amazon’s One Medical CEO stepping down after less than two years
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesOne Medical CEO Trent Green will step down from the Amazon-owned primary care provider after less than two years in the role.Green is leaving One...
CrowdStrike slumps 10% on weak earnings outlook, outage costs
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares dropped 10% after issuing weak earnings guidance as the company signaled...
Apple unveils MacBook Air models with $100 price cut despite tariffs
Apple's M4 MacBook Air in a marketing photograph.AppleApple on Wednesday announced new MacBook Air models that update the company's bestselling laptop with a faster M4 chip and an upgraded videoconferencing camera.The computers also got a $100 price cut in the U.S.,...
Freed raises $30 million, led by Sequoia, to tackle clinician burnout
Erez Druk, co-founder and CEO of Freed.Courtesy: FreedFor Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally. Druk's wife, Dr. Gabi Meckler, works at a community clinic in northern...
Donald Trump and Elon Musk are bullies
Steve Wozniak, co-founder of the technology company Apple.Thomas Banneyer | Picture Alliance | Getty ImagesBARCELONA — Apple co-founder Steve Wozniak criticized the "sledgehammer" approach Elon Musk's Department of Government Efficiency has taken to cut administrative...
Okta pops on Q4 earnings report
Todd McKinnon, CEO of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco on April 4, 2022.David Paul Morris | Bloomberg | Getty ImagesOkta shares soared 24.3% on Tuesday after the cloud-based identity management company delivered...
CrowdStrike (CRWD) Q4 earnings 2024
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares dropped nearly 9% in extended...
Trump looms over Chinese smartphone players’ successful global push
The Xiaomi booth at the Mobile World Congress 2025 in Barcelona, Spain.Arjun Kharpal | CNBCBARCELONA — U.S. President Donald Trump's continued clashes with China over tech and trade looms heavy over Chinese smartphone vendors who have grown globally in the past few...
Qualcomm CEO says its new modem creates a ‘huge delta’ with Apple
Apple webpage with iPhone 16e ad is screened on a mobile phone for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC its latest modem will create a big distance in performance versus Apple, which has made its first foray...
Qualcomm CEO welcomes TSMC $100 billion investment in U.S. chipmaking
Taiwan Semiconductor Manufacturing Co.'s $100 billion commitment to expand manufacturing in the U.S. is "great news," Qualcomm CEO Cristiano Amon told CNBC on Tuesday, adding it helps with diversification of chipmaking locations.Amon also addressed U.S President...
Samsung ‘Project Moohan’ to launch this year to rival Apple Vision Pro
Samsung's extended reality 'Project Moohan' headset on display at the Mobile World Congress 2025 in Barcelona.Arjun Kharpal | CNBCSamsung will launch its extended reality headset this year, a spokesperson for the company told CNBC on Tuesday.The device, dubbed Project...
Tech stocks down 7% since Trump’s inauguration as tariffs begin
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in...
Why Honda and Toyota are investing in rockets and satellites
In January, Toyota said its mobility software subsidiary "Woven by Toyota" was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to...
Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement
The new Bitcoin token is photographed on U.S. $100 bills.Sopa Images | Lightrocket | Getty ImagesThe price of bitcoin failed to recover the $85,000 level – where it traded before President Donald Trump's announcement of a U.S. crypto reserve sent it soaring – after a...
Elon Musk first month in White House was Tesla worst month since 2022
Leader of the Department of Government Efficiency Elon Musk wears a shirt that says "Tech Support" as he speaks during a cabinet meeting with US President Donald Trump at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty ImagesTesla's...
Waymo, Uber begin offering robotaxi rides in Austin ahead of SXSW
A Waymo car drives along a street on March 01, 2023 in San Francisco, California. Waymo, Alphabet's self-driving car division, announced that it has laid off over 135 employees in a second round of layoffs this year.Justin Sullivan | Getty ImagesWaymo on Tuesday began...
Pro-Trump techies enraged by crypto reserve plan, causing early rift
David Sacks, U.S. President Donald Trump's "AI and Crypto Czar", speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesThe Trump-tech alliance is...
Nothing Phone (3a): Specs, price, availability
The Nothing Phone (3a).NothingBARCELONA — British smartphone startup Nothing on Tuesday debuted a new handset it hopes can shake the mobile industry out of a perceived innovation slowdown.Nothing launched its new Phone (3a) device, a budget phone that comes with an...
Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025.Steve Marcus | ReutersNvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada...
Huawei charts cautious global comeback but major challenges remain
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCBARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese...
23andMe special committee rejects CEO Wojcicki second takeover offer
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images23andMe's special committee of independent directors on...
AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of...
Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear...
Malaysia says it’ll take action if firms involved in Nvidia fraud case
Nvidia's headquarters on Feb. 26, 2025, in Santa Clara, California.Justin Sullivan | Getty ImagesMalaysia said it will take "necessary action" against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips...
Microsoft unveils Dragon Copilot, a voice-activated AI tool for doctors
Microsoft is giving its health-care artificial intelligence tools a makeover. The company on Monday unveiled a new voice-activated AI assistant that combines capabilities from its dictation solution, Dragon Medical One, and ambient listening solution, DAX Copilot,...
FCC chair says U.S. will defend interests of its tech giants
WASHINGTON, DC - MARCH 31: Federal Communications Commissioner Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America: Oversight of the FCC, on Capitol Hill on Thursday, March...
Deutsche Telekom CEO says Europe needs its own DOGE
Deutsche Telekom CEO Tim Hottges speaks during Mobile World Congress, the world's biggest mobile fair, in Barcelona on March 3, 2025.Lluis Gene | Afp | Getty ImagesBARCELONA — Europe needs its own version of Elon Musk's so-called Department of Government Efficiency,...
TSMC to announce $100-billion investment in U.S. chip plants
President Donald Trump is expected to announce a $100 billion investment from Taiwan Semiconductor Manufacturing to bolster chip manufacturing over the next four years in the U.S, NBC has learned.The Wall Street Journal first reported the news.TSMC, which supplies...
China’s Oppo taps Google for privacy AI push, taking page from Apple
Oppo is the sixth-largest smartphone maker in China, according to Counterpoint Research.Nurphoto | Nurphoto | Getty ImagesBARCELONA — Chinese smartphone firm Oppo is taking a page out of Apple's playbook with the launch of a private cloud computing system to keep...
Amazon-backed AI firm Anthropic valued at $61.5 billion after latest round
Jaque Silva | Nurphoto | Getty ImagesAnthropic on Monday closed its latest funding round at a $61.5 billion post-money valuation, the company confirmed to CNBC. The $3.5 billion round was led by Lightspeed Venture Partners, and other investors included Salesforce...
Ramp secures $13 billion valuation in secondary deal
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup RampFinancial technology startup Ramp is letting some employees and early investors cash out in a new deal that values the company at $13 billion. The New York company announced the $150 million deal...
Amazon to bring palm-scanning tech Amazon One to NYU Langone Health
Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology.AmazonPatients at NYU Langone Health facilities will soon be able to check in for appointments using Amazon's...
Bitcoin jumps nearly $14,000 in three days on Trump’s crypto reserve announcement
Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconBitcoinOver the weekend, Trump announced the creation of a strategic crypto reserve – a pivot from the "bitcoin stockpile" he previously touted – that he said will include ether, XRP, Solana's...
Chinese EV startup Xpeng delivers over 30,000 cars for a fourth month
The flagship store of Xiaopeng Motors in Shanghai, China, on Feb. 18, 2025.CFOTO/Future Publishing via Getty ImagesChinese electric car company Xpeng delivered more than 30,000 cars for a fourth-straight month in February, as its mass-market brand helped the company...
Lenovo teases solar-powered and foldable screen concept laptops
The Lenovo ThinkBook 'flip' concept. The screen is able to fold once horizontally to create two different screen spaces.CNBC: Lenovo Flip PCLenovo on Monday showed off a laptop with a foldable screen and one that can get extra battery life from solar power.These...
Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more
FRANCE - 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images)Romain Doucelin | Getty ImagesCryptocurrencies rallied...
China’s Honor pledges $10 billion AI investment, closer Google ties
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.Nurphoto | Nurphoto | Getty ImagesBARCELONA — Honor on Sunday pledged $10 billion in artificial intelligence investments over the next five years and announced a...
Xiaomi plans to sell EVs globally after launching $73,000 SU7 Ultra
The Xiaomi SU7 Ultra on display at the Xiaomi store in Hangzhou, Zhejiang Province, China, Feb 27, 2025. Xiaomi's first luxury model, the SU7 Ultra, will be officially launched on the evening of February 27. Cfoto | Future Publishing | Getty ImagesBARCELONA — Xiaomi...
Xiaomi 15 and 15 Ultra launch: Price, specs, availability
The Xiaomi 15 Ultra, in the foreground, and the Xiaomi 15 in the background.XiaomiBARCELONA — Xiaomi launched its latest flagship smartphone on Sunday continuing its push into higher-end devices as it seeks to challenge market leader Samsung.The Xiaomi 15 and Xiaomi...
Microsoft outage leaves tens of thousands unable to access email and other apps
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty ImagesMicrosoft said Saturday evening that service was restored following an outage that left tens of thousands of users unable to access their Outlook email accounts and...
FAA clears SpaceX for Starship test flight after explosion in January
SpaceX's Super Heavy booster is seen on the launch pad, without the Starship atop, as it is prepared for launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. Feb. 27, 2025.Joe Skipper | ReutersElon Musk's SpaceX has...
Intel delays Ohio plant opening to 2030, production was to start 2026
US President Joe Biden, second left, tours the site of the new Intel semiconductor manufacturing facility near New Albany, Ohio, US, on Friday, Sept. 9, 2022.Gaelen Morse | Bloomberg | Getty ImagesIntel is pushing off the opening of its Ohio chip manufacturing...
Block plunge in February leads fintech sell-off, Stripe valuation jumps
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23,...
Amazon eyes global expansion for its Temu, Shein competitor
Amazon is looking to expand its competitor to Temu and Shein beyond the U.S.The company intends to launch its discount storefront, called Haul, in Europe later this year, according to two people familiar with the matter who asked not to be named because the plans are...
On iPhone 16e, there’s a big change in Apple’s biometric security
Apple's latest budget iPhone model, the iPhone 16e, which started shipping on Feb. 28, 2025.AppleWith the release of its new iPhone 16e, which started shipping on Friday, Apple is taking a break from fingerprint technology as a biometric security feature in its...
Microsoft is retiring Skype in May, encouraging people to adopt Teams
Kelly Harris of San Jose, leans over to kiss the web cam as she says her goodbye to Brian Johnson, her brother stationed in Japan, at the end of their video phone call via Skype in San Jose, Calif. on Nov. 25, 2009.Lea Suzuki | San Francisco Chronicle | Hearst...
Meta announces experimental Aria Gen 2 research smart glasses
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses.Andrej Sokolow | Picture Alliance | Getty ImagesMeta on Thursday revealed the...
Dell earnings report Q4 2025
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024.Bridget Bennett | Bloomberg | Getty ImagesDell reported fourth-quarter sales that fell short of...
Autodesk says it will cut 1,350 employees
Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesDesign software maker Autodesk said Thursday that it will lay off 1,350 employees, which works...
Meta plans to release a standalone Meta AI app
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta AI will soon become one of the social media company's standalone apps, joining Facebook,...
House panel subpoenas tech giants over ‘foreign censorship’ of speech
Rep. Jim Jordan (R-OH) is interviewed by FOX and Friends at the U.S. Capitol on Jan. 3, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesHouse Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to eight technology companies asking for more information about their...
SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies.Yuriko Nakao | Getty ImagesThe Securities and Exchange Commission issued long sought after guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.Meme coins...
Nvidia bounced from the $3 trillion market cap club after stock drop
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025.An Rong Xu | Bloomberg | Getty ImagesNvidia is out, leaving Apple as the sole member of...
Google makes cuts to HR and cloud units
A view of the Google headquarters in Mountain View, California, on April 16, 2024.Tayfun Coskun | Anadolu | Getty ImagesGoogle told staffers in its "People Operations" and cloud organizations this week that it plans to cut employees as part of internal...
Bitcoin hits over 3-month low, reversing gains post Trump election
Jakub Porzycki | Nurphoto | Getty ImagesA week-long rout in Bitcoin worsened Friday, with the digital asset hitting an over 3-month low, reversing gains that followed the election of U.S. President Donald Trump.Bitcoin was trading at about $80,500 in trading in Asia,...
Katy Perry, Lauren Sanchez heading to space in Blue Origin rocket
Katy Perry performs during the opening ceremony of the 2025 Invictus Games at BC Place on February 08, 2025 in Vancouver, British Columbia. Samir Hussein | Wireimage | Getty ImagesSinger Katy Perry and CBS' Gayle King will join Jeff Bezos' fiancee Lauren Sanchez on...
Standard Chartered crypto bull still sees bitcoin hitting $500,000
Jakub Porzycki | Nurphoto | Getty ImagesStandard Chartered's bullish crypto analyst still sees bitcoin's price hitting $500,000 during Donald Trump's presidency — even after a selloff that sank the world's largest digital currency to a three-month low.Geoffrey...
Snowflake surges 13% on earnings beat as company expands AI push
Jakub Porzycki | Nurphoto | Getty ImagesSnowflake shares popped more than 13% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results.The company reported adjusted earnings of 30 cents per share on $987 million in...
Stripe’s valuation climbs to $91.5 billion in secondary stock sale
John Collison, president and co-founder of Stripe.Christophe Morin | IP3 | Getty ImagesStripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation...
Amazon touts its first quantum computing chip a week after Microsoft’s unveiling
Amazon on Thursday revealed its first chip for quantum computing, and said the design is a step toward building efficient high-scale systems.The processor is called Ocelot, and the announcement comes as more tech companies tout their advancements in quantum. Last...
Instacart suffers steepest drop on record after Q4 earnings
The Instacart logo is seen on a smartphone and on a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesInstacart's stock had its worst day on record, slumping 12% after the grocery delivery company posted a fourth-quarter revenue miss and offered light...
Teladoc (TDOC) Q4 earnings 2025
Teladoc Health Inc. signage on the floor of the New York Stock Exchange on Dec. 31, 2024.Michael Nagle | Bloomberg | Getty ImagesTeladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued...
Salesforce (CRM) Q4 earnings report 2025
Salesforce CEO Marc Benioff appears at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts'...
Meta’s end to third-party fact-checking ‘pragmatic’
Reddit's co-founder says Meta's decision to end third-party fact-checking on its platforms was a "pragmatic" one, characterizing the move as a reversal of an unviable program.In January, just days before Donald Trump was sworn in as U.S. president for the second time,...
Meta apologizes after Instagram users see graphic and violent content
Illustration of U.S social network Instagram's logo on a tablet screen.Kirill Kudryavtsev | Afp | Getty ImagesMeta apologized on Thursday and said it had fixed an "error" that resulted in some Instagram users reporting a flood of violent and graphic content...
Nvidia warns of competition from China’s Huawei, despite U.S. sanctions
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second...
Obvious Ventures, started by Twitter’s Williams, raising $400 million
Medium Founder & CEO Ev Williams speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018. Pedro Fiúza | Nurphoto | Getty ImagesObvious Ventures, the venture capital firm co-founded by Twitter's Evan Williams, has filed to raise $400 million for...
Nvidia (NVDA) earnings report Q4 2025
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty ImagesNvidia reports...
Block’s Bitkey rolls out fix for bitcoin inheritance problem
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFor over a decade, bitcoin has been lauded as a revolutionary financial asset —...
AppLovin shares tumble as short sellers question AXON ad software
Sheldon Cooper | Lightrocket | Getty ImagesShares of AppLovin tumbled 13% Wednesday as two short-seller reports cast doubt on the integrity of the company's AI-powered AXON advertising software that helped drive the tech giant to become the top-performing tech stock...
Amazon unveils long-awaited Alexa revamped with AI features
Panos Panay from Devices and Services at Amazon speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon on Wednesday announced a long-awaited overhaul of its Alexa digital assistant.The revamped service,...
Super Micro Computer surges 20% after filing delayed financials
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results...
Tesla’s market cap sinks below $1 trillion as stock falls more than 8%
Elon Musk, CEO of Tesla Inc., in the Oval Office of the White House in Washington, D.C., on Feb. 11, 2025.Aaron Schwartz | Bloomberg | Getty ImagesTesla's postelection pop has almost disappeared.Shares of the electric vehicle maker plunged more than 8% on Tuesday,...
Super Micro shares fall ahead of filing deadline
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares fell 12% on Tuesday as the company nears a deadline to file audited financial reports or be delisted from the Nasdaq...
Workday (WDAY) Q4 earnings report 2025
Carl Eschenbach, CEO of Workday, speaks on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Gerry Miller | CNBCWorkday, a maker of human resources and finance software, reported better-than-expected quarterly results on...
Alibaba makes AI video generation model free to use globally
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba on Wednesday said that it has made its video generation artificial intelligence models free to use, further ramping up competition...
Modi wants Tesla to build cars in India. Making the plan work may not be easy
Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing "heavy Tesla obligations."Anadolu | Anadolu | Getty ImagesIndia has been striving to become a global manufacturing hub, having successfully...
Applications open for CNBC’s top global fintechs list
For the third year in a row, CNBC is working with market research firm Statista to list the world's top financial technology companies.Including startups, scaleups and established tech players, the top global fintech list aims to assess companies using an objective,...
Super Micro files financials ahead of Nasdaq deadline, stock pops 22%
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq's listing...
Hims & Hers shares plunge 28% on concerns over weight loss business, margins
The Hims app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesShares of Hims & Hers Health fell 28% on Tuesday, a day after the telehealth company released fourth-quarter results that disappointed on...
Perplexity AI $50 million venture, backing early-stage startups
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the developer of a popular artificial intelligence search engine, is close to raising a $50 million venture fund focused on early-stage AI startups, CNBC has...
Apple annual shareholder meeting 2025
CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | ReutersApple shareholders on Tuesday rejected a request to abolish its Inclusion & Diversity program,...
Athenahealth to offer Abridge’s AI scribe to its network of thousands of doctors
A doctor looks at an AI-generated clinical note.Courtesy of AthenahealthHealth-care software vendor Athenahealth on Tuesday said it will offer Abridge's artificial intelligence scribing tool to its network of more than 160,000 clinicians. Athenahealth has developed an...
Nvida to report earnings amid infrastructure spending, DeepSeek concerns
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.It's expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter...
PayPal strategy for Venmo to reach $2 billion in revenue in 2027
Justin Sullivan | Getty ImagesAt PayPal's first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn't just an easy way to split the dinner tab.Chriss, who took the helm in September 2023, is trying to spur a turnaround...
Bitcoin drops to a 3-month low below $90,000 in risk-off move
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto...
Earth AI reducing mining time for metals to power the clean economy
As the clean energy economy expands, finding the minerals and metals that power it becomes increasingly critical. The answer might lie with artificial intelligence. Electric cars, solar panels and hydrogen fuel cells all have one thing in common: the need for precious...
Hims & Hers Health (HIMS) Q4 earnings 2024
Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin.Here's how the company did, compared to analysts' consensus estimates...
Chegg sues Google for hurting traffic as it considers alternatives
Chegg seen at the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBCChegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company's traffic...
Bybit replenished reserves after record-breaking $1.5 billion hack
Jakub Porzycki | Nurphoto | Getty ImagesBybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than 72 hours, Bybit pieced together hundreds of thousands of ether tokens through a mix...
PayPal brings many brands under single umbrella, Venmo remains stand-alone
A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesFor Frank Keller, it's a pivotal moment at PayPal. After two years, two CEOs and endless brand strategy meetings, the company is, in...
Big tech companies turn to hydrogen to power AI data centers
Yuval Bachar knows data centers. He's worked on them for Meta, Microsoft and Cisco, but now, his startup is looking to help Silicon Valley run data centers with lower carbon dioxide emissions.ECL, Bachar's startup, builds hydrogen-powered data centers. Hydrogen is a...
Robinhood says SEC dismissed crypto unit investigation in latest sign of easier regulation for industry
The Robinhood logo is seen displayed on a smartphone screen against a computer screen displaying stock market graphs on Oct. 10, 2024.Dominika Zarzycka | Nurphoto | Getty ImagesThe Securities and Exchange Commission is dropping its investigation into Robinhood's...
Apple to open Texas AI server factory in $500 billion U.S. expansion
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple plans to open a...
Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange.Mike Kemp | In Pictures | Getty ImagesEuropean food delivery giant Just Eat Takeaway.com is poised to be...
China-made medical devices are all over U.S., and the Feds are worried
A popular medical monitor is the latest device produced in China to receive scrutiny for its potential cyber risks. However, it is not the only health device we should be concerned about. Experts say the proliferation of Chinese health-care devices in the U.S....
Substack boosts video capabilities amid potential TikTok ban
Rafael Henrique | SOPA Images | APAfter posting almost 200 videos, amassing hundreds of thousands of followers and racking up millions of views, Carla Lalli Music is quitting YouTube. Substack is her new focus. Music is a cookbook author and food content creator, and...
Block, Affirm, PayPal battling to be your all-in-one online bank
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesJack Dorsey's Block got started as Square, offering small businesses a simple way to...
Hackers steal $1.5 billion from exchange Bybit, biggest crypto heist
Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023. Joseph Nair | Bloomberg | Getty ImagesBybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in...
Anne Wojcicki new offer to take 23andMe private for $74.7 million
Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023.Kelly Sullivan | Getty Images Entertainment | Getty Images23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled...
Tesla recalls over 375,000 vehicles in U.S., failing steering systems
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024.Justin Sullivan | Getty ImagesTesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems, according...
Block shares head for worst day in 5 years after earnings miss
Marco Bello | AFP | Getty ImagesBlock shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors.In its financial...
Hims & Hers shares fall after FDA says semaglutide no longer in shortage
Products of Hims & Hers displayed.Hims & HersShares of Hims & Hers Health tumbled more than 23% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.Semaglutide is the active...
Elon Musk has problem with X Community Notes after Ukraine corrections
Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025.Andrew Harnik | Getty ImagesFor X owner...
DeepSeek trained AI model using distillation, now a disruptive force
Chinese artificial intelligence lab DeepSeek roiled markets in January, setting off a massive tech and semiconductor selloff after unveiling AI models that it said were cheaper and more efficient than American ones. But the underlying fears and breakthroughs that...
Apple’s Vision Pro has a problem a year into existence: Too few apps
Apple CEO Tim Cook (L) takes a selfie with a greets customers on arrival for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty ImagesWhen Apple revealed the Vision Pro in 2023, it called the...
Google, Meta execs blast Europe over strict AI regulation
STOCKHOLM — Executives at U.S. tech giants Google and Meta said that Europe's artificial intelligence industry is being held back by excessive regulation, adding to rhetoric from Donald Trump's administration that the region's strict tech rules are choking...
Block (XYZ) earnings Q4 2024
Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021.Joe Raedle | Getty ImagesBlock reported fourth-quarter results on Thursday that...
Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty Images News | Getty...
Meta approves plan for bigger executive bonuses following 5% layoffs
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesExecutives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had...
Amazon surpasses Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022.Michael M. Santiago | Getty ImagesAmazon has dethroned Walmart in quarterly revenue for the first time ever.Amazon...
Amazon wins creative control of James Bond franchise from Broccoli family
Daniel Craig stars as James Bond in "No Time To Die."Source: MGMAmazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday.The James Bond films have long been produced by Michael Wilson...
OpenAI tops 400 million users despite DeepSeek’s emergence
Brad Lightcap of OpenAI.Courtesy: OpenAIOpenAI appears to be growing quickly despite increasing competition. The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company's chief operating...
Oppo Find N5 folding phone: Specs, price, availability
Oppo's new Find N5 folding smartphone on display at a press briefing in London.Ryan Browne | CNBCChinese smartphone firm Oppo has unveiled its new flagship folding phone Thursday, touting a slimmer body and artificial intelligence-focused features in a bid to compete...
Europe risks becoming ‘museum’ without innovating in AI: Swedish PM
Swedish Prime Minister Ulf Kristersson during a press conference on Jan. 17, 2025.Florian Gaertner | Photothek | Getty ImagesSTOCKHOLM — Europe is at risk of becoming a "museum" if it doesn't soften strict curbs on artificial intelligence technologies and deregulate,...
AI startup Baseten raises $75 million following DeepSeek’s emergence
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.The funding round values Baseten at $825 million and demonstrates that venture capitalists believe...
Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be...
AI startup OpenEvidence secures Sequoia funding, $1 billion valuation
Medical technology, AI technology is utilized by doctors for diagnosing increasing the accuracy of patient treatments. Medical research and development innovation technology to improve patient health.Pcess609 | Istock | Getty ImagesAI startup OpenEvidence is raising a...
Apple unveils cheaper iPhone 16e powerful enough to run AI
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024.Victor J. Blue | Bloomberg | Getty ImagesApple announced a new iPhone model on...
Etsy stock tumbles on revenue miss, company reports drop in goods sold
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing "significant...
Intel shares pop 10% on report of Broadcom and Taiwan Semi deals
Intel shares rallied more than 10% on Tuesday following a Wall Street Journal report that both Broadcom and Taiwan Semiconductor Manufacturing are potentially weighing bids that could result in splitting the embattled chipmaker.The Wall Street Journal reported that...
Firm representing Musk, Tesla drafts bill for Delaware corporate law
Elon Musk leaves after a meeting with Indian Prime Minister Narendra Modi at Blair House, in Washington, D.C., U.S., February 13, 2025. Nathan Howard | ReutersA law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware...
Elon Musk’s xAI launches Grok 3 model amid tight AI competition
Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk's xAI on Tuesday unveiled its latest artificial intelligence model, Grok 3, claiming it can outperform offerings from OpenAI and China's DeepSeek based on early testing, which included standardized tests on...
Huawei Mate XT trifold launches outside of China: Price, specs
A Huawei Technologies Mate XT smartphone arranged in Hong Kong on Sep. 24, 2024.Lam Yik | Bloomberg | Getty ImagesHuawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S....
DeepSeek ramps up China-U.S. competition but won’t hurt OpenAI
Tech bosses largely agree the risk DeepSeek poses to OpenAI remains limited for now.Bloomberg | Bloomberg | Getty ImagesThe technological advances that Chinese artificial intelligence lab DeepSeek have displayed show the game is on when it comes to U.S.-Sino...
Amazon workers reject union in vote at North Carolina warehouse
File: The Amazon distribution center in Garner, N.C. opened in August 2020. Across four floors, the warehouse covers 2 million square feet.Scott Sharpe | Tribune News Service | Getty ImagesAmazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted...
Crypto, Trump, GOP leadershipo gang up on FDIC over debanking
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023.Angus Mordant | Bloomberg | Getty ImagesAnchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in...
Trump Media (DJT) earnings report 2024
U.S. President Donald Trump signs an executive order establishing the Energy Dominance Council led by Secretary of the Interior Doug Burgum in the Oval Office at the White House on February 14, 2025 in Washington, DC. President Trump signed a second executive order...
Amazon workers face ‘anti-union propaganda’ in Garner, North Carolina
Workers picket in front of an Amazon Logistic Station on December 19, 2024 in Skokie Illinois.Scott Olson | Getty ImagesItalo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of...
Dell shares pop on report of $5 billion deal for AI servers for Elon Musk’s xAI
Dell shares jumped to a session high on Friday following a report saying Elon Musk's startup xAI was getting ready to agree to buy $5 billion in artificial intelligence servers from the hardware maker.The equipment would contain Nvidia's GB200 graphics processing...
Airbnb shares pop most on record after Q4 earnings beat
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb shares surged 14% and headed for their best day ever after the company...
A growing digital ad market is benefiting tech, from Meta to Reddit
Jaque Silva | Nurphoto | Getty ImagesThe digital advertising market is doing so well that even Reddit is getting a cut of the spoils.Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest...
Zuckerberg’s rightward policy shift hits Meta staffers, targets Apple
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump's inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025.Saul Loeb | Afp | Getty ImagesMark Zuckerberg kicked off 2025...
Airbnb (ABNB) Q4 earnings 2024
Thomas Fuller | Lightrocket | Getty ImagesAirbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts' estimates.Here's how the company did compared with what Wall Street was expecting,...
TikTok returns to Apple, Google app stores
Beata Zawrzel | Nurphoto | Getty ImagesTikTok returned to the Apple and Google app stores Thursday evening.The Chinese-owned social media app had been removed from the the two stores on Jan. 18, moments after TikTok's leadership temporarily halted service in the U.S....
Arm shares rise on report that Meta will buy its first chip
Outside view of the newly completed Meta's Facebook data center in Eagle Mountain, Utah on July 18, 2024. George Frey | Afp | Getty ImagesArm shares rose 5% after a Thursday report that it was developing its own chip and that it had secured Meta as one of its first...
AppLovin skyrockets 33% after earnings beat, strong guidance
Piotr Swat | Lightrocket | Getty ImagesShares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets.The ad tech company said on its earnings call it was divesting...
Reddit shares slump 6% on daily active user miss
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty ImagesReddit shares dropped more than 6%...
Tesla humanoid robots rival Apptronik raises $350 million funding
Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots.The funding round was co-led by B Capital and Capital Factory, and included backing...
Prenuvo adds new health tests to full-body scan, fresh funding round
Prenuvo's clinic in New York City, New York.Courtesy of PrenuvoPreventative health startup Prenuvo on Thursday announced it will offer three new health assessments in addition to its flagship full-body MRI scan.The company is launching a detailed blood test,...
Crypto scams thrive in 2024 on back of ‘pig butchering’ and AI: Report
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimatesBoonchai Wedmakawand | Moment | Getty ImagesCrypto fraud revenue is estimated to have hit record levels last year amid a surge in...
Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit: lawyers
Elon Musk will withdraw his $97.4 billion bid for OpenAI's non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing."If OpenAI, Inc.'s Board is prepared to preserve the charity's mission and stipulate to take the...
Apple brings its TV streaming service to rival Android platform
Britt Lower and Adam Scott in "Severance," now streaming on Apple TV+.Source: Apple TV+Apple TV+ is now available on Android devices as the iPhone maker on Wednesday released its video streaming service for Google's mobile computing platform. It's unusual for Apple...
India’s Modi to meet with Trump, Musk as trade tensions mount
India's Prime Minister Narendra Modi on Sept. 4, 2024.Dean Kassim | Afp | Getty ImagesIndian Prime Minister Narendra Modi is headed to Washington, D.C., for meetings with President Donald Trump and members of his administration, including Elon Musk, to discuss topics...
Cisco (CSCO) Q2 earnings report 2025
Cisco CEO Chuck Robbins speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal...
Google to test using AI to determine users’ ages
Google chief executive Sundar Pichai speaks during the tech titan's annual I/O developers conference on May 14, 2024, in Mountain View, California. Glenn Chapman | Afp | Getty ImagesGoogle will start using artificial intelligence to determine whether users are age...
AppLovin soars almost 30% on earnings, guidance beat
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts' estimates and issued better-than-expected guidance.Here's how the company performed...
Reddit (RDDT) Q4 earnings reports 2024
Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | Afp | Getty ImagesReddit shares fell more than 15%...
Apple will integrate Alibaba’s AI into iPhones in China, Chairman Joe Tsai says
An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesAlibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China, speaking at the World...
Sony earnings Q3 2025
Sony PlayStation games are displayed at a Best Buy store on December 17, 2024 in San Rafael, California.Justin Sullivan | Getty ImagesSony on Thursday raised revenue and profit forecasts for the full year after reporting a significant jump in gaming sales for the...
Lyft shares sink 9% on underwhelming fourth-quarter results
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition.The company reported revenues of $1.55 billion, versus the $1.56 billion expected by...
Neuralink competitor Paradromics partners with Saudi Arabia’s Neom
Paradromics scientists at workSource: ParadromicsTexas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia's Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region.Neom is a...
Apple launches Apple Health Study with Brigham and Women’s Hospital
Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024.Justin Sullivan | Getty ImagesApple is deepening its investment in health-care research by launching a new, years-long project...
Fintech unicorn Zepz to lay off 200 employees, sources say
Mark Lenhard, CEO of U.K.-based remittances platform Zepz.Lukas Schulze | Sportsfile for Web Summit via Getty ImagesLONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and...
Anduril to take over Microsoft’s $22 billion U.S. Army headset program
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California on October 16, 2023.Patrick T. Fallon | AFP | Getty ImagesAnduril Industries, Palmer Luckey's defense-tech startup,...
Amazon opens its first beauty and personal care store in Italy
Amazon is opening a beauty and health products store in Milan, Italy, marking the company's latest brick-and-mortar experiment.The store is located in the city center of Milan, and features a range of beauty and personal care items, as well as nonprescription drugs,...
Super Micro ‘confident’ it will meet SEC deadline
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed...
Tesla drops 7% on self-driving competition, Musk OpenAI distractions
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC.Andrew Harnik | Getty ImagesTesla shares dropped 6% on Tuesday after Chinese rival BYD announced...
Chinese tech giant Baidu to release next-generation AI model this year
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — China's Baidu plans to release the next generation of its artificial intelligence model in the second half of this year,...
Europe wants to be part of AI race against China and U.S.
Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025.Aurelien Morissard | Via ReutersPARIS — Music was blaring and people...
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersSoftBank Group posted a surprise quarterly loss Wednesday as investments under its Vision Funds fell into red. The Japanese company's revenue also missed...
FIS shares plunge on Q4 2024 earnings
Lori Moffett | Bloomberg | Getty ImagesShares of Fidelity National Information Services plunged the most since 2023 on Tuesday after the company reported quarterly earnings that fell short of Wall Street estimates and issued a disappointing forecast.The stock dropped...
Shopify removes Ye website selling swastika shirts after Super Bowl ad
Rapper Ye, formerly known as Kanye West, performs onstage during a "Vultures 1" concert in Inglewood, California on March 14, 2024.Scott Dudelson | Getty Images Entertainment | Getty ImagesShopify has taken down a site advertised by rapper Ye, formerly known as Kanye...
Shopify beats on fourth-quarter revenue, but gives mixed guidance
An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Chris Wattie | ReutersShopify on Tuesday reported better-than-expected sales for the fourth quarter but missed on earnings. Shares fell more than 1% in early trading.Here's how the company...
After DeepSeek, AI version of trade war is one U.S. won’t win easily
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023.I-Hwa Cheng | Bloomberg | Getty ImagesThe U.S. government's effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most...
Affirm partners with FIS on Buy Now, Pay Later debit cards
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesAffirm, the online lender founded by Max Levchin, expanded beyond credit and entered the...
Sam Altman says Musk aims to ‘slow down a competitor’ with OpenAI bid
PARIS — Elon Musk aims to "slow down a competitor" when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company's CEO Sam Altman told CNBC on Tuesday.Asked how seriously he is taking Musk's bid, which Altman previously...
EU says AI race far from over as bloc pledges 50-billion-euro investment
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty ImagesEuropean Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total...
Google Calendar removes start of Black History, Women’s History months
The Google Calendar logo is displayed on a tablet.Igor Golovniov | Sopa Images | Lightrocket | Getty ImagesGoogle's popular online and mobile calendars no longer include reference to the first day of Black History Month or Women's History month, among other holidays...
U.S. will defend American AI, block ‘weaponization’ of tech
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the...
AppDynamics founder Jyoti Bansal merges startups Harness, Traceable
Jyoti Bansal, co-founder and CEO of startup Harness.HarnessJyoti Bansal knows about weird acquisitions.Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster IPO. A day before the offering, Cisco swooped in and bought the company for...
France’s answer to Stargate: Macron announces AI investment
French President Emmanuel Macron greets journalists after meetings with guests at the Elysee Palace before the opening ceremony of the Paris 2024 Olympic Games in Paris, France, July 26, 2024. REUTERS/Yara NardYara Nardi | ReutersFrance's artificial intelligence...
Deepseek’s AI model ‘the best work’ out of China: Google Deepmind CEO
Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024.Pau Barrena | Afp | Getty ImagesPARIS — Deepseek's AI...
Hims & Hers faces lawmaker scrutiny over ‘misleading’ Super Bowl ad
Hims & Hers is facing scrutiny from lawmakers over an advertisement for its weight loss offerings that's slated to run during the Super Bowl on Sunday.Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., wrote a letter to the U.S. Food and Drug Administration on...
Anduril in talks to raise money at $28 billion valuation
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked...
Trump delays ending of de minimis trade exemption targeting China
Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China.Vcg | Visual China Group | Getty ImagesPresident Donald Trump signed an executive order on Friday that...
Tax season is back. So are the fake IRS emails, texts and other scams
Tax season has officially started, so you should prepare to file your 2024 tax return, and prepare for the scammers who are already prowling. Don't get baited and hooked.Many people are lax about protecting their personal information online, and there's more reason...
Elon Musk’s X faces criminal probe in France over algorithm concerns
French prosecutors on have opened an investigation into Elon Musk's X over allegations that it distorted its algorithms to manipulate discourse taking place on the social media platform.The Paris public prosecutor's office said it received a report from a French...
Amazon scrubs DEI mention from its annual report
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon has removed any references to diversity and inclusion from its most recent annual report.The company filed...
Doximity shares pop 30% on revenue beat, rosy guidance
Piotr Swat | Lightrocket | Getty ImagesDoximity shares ripped more than 30% higher on Friday, a day after the company reported fiscal third-quarter results that beat Wall Street's expectations for revenue and guidance.Doximity is a digital platform for medical...
Affirm shares soar 16% on revenue beat, surprise profit during holiday
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares jumped 16%...
Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC's David Faber.SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to...
Pinterest shares rocket 19% on strong revenue and user growth
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 19% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion...
NFL goes after Gen Z fans by courting social media content creators
Katie Austin normally publishes fitness content to her Instagram and YouTube channel. But this week, she's been posting a steady trickle of content from New Orleans.That's because Austin, 31, from California, is one of hundreds of creators who have swarmed the Big...
UK orders Apple to let it access encrypted accounts: Washington Post
People lined up outside of Apple Store on University Ave. in Palo Alto, California, United States on September 20, 2024 as Apple's iPhone 16 sales officially begins. Tayfun Coskun | Anadolu | Getty ImagesThe U.K. has ordered Apple to provide officials access to users'...
Amazon’s advertising business grew 18% in the fourth quarter
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon's online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago....
Pinterest shares surge 20% after company beats on fourth-quarter revenue
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue.Here's how the company did, compared to analysts' consensus estimates from LSEG:Revenue: $1.15...
Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty ImagesSales of Tesla's cars to China fell in January, as competition from domestic rivals continued...
Top scientists warn of out-of-control AI
Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC's "Beyond The Valley" in Davos, Switzerland in January 2025.CNBCArtificial general intelligence built like "agents" could prove...
Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in...
Doximity (DOCS) Q3 earnings 2025
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts' expectations for revenue...
Alphabet’s Verily to sell insurance business to Elevance Health
Verily headquarters in San Bruno, California.Courtesy: VerilyVerily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday.Verily is one of...
Amazon expects to spend $100 billion on capital expenditures in 2025
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday it...
AWS earnings Q4 2024
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from its cloud-computing business...
Affirm (AFRM) earnings report Q2 2025
Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG:Earnings per...
DeepSeek can be a force multiplier for smaller AI chip firms
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia's market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup.Several...
Whole Foods cites Trump’s NLRB purge as grounds to reject union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to...
Amazon (AMZN) Q4 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the market close.Here's what analysts are expecting:Earnings:...
Roblox plummets 16% on disappointing bookings, daily active users miss
Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily...
Amazon set to pass Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon long ago passed...
Salesforce picks Robin Washington to be finance, operating leader
Robin Washington speaks on stage during the 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center in San Jose, California, on Feb. 22, 2019.Marla Aufmuth | Wireimage | Getty ImagesSalesforce on Wednesday said former Gilead Sciences...
Fiserv (FI) Q4 2024 earnings report
Fiserv CEO Frank J. Bisignano at the New York Stock Exchange on June 7, 2023.Source: NYSEShares of Fiserv jumped more than 7% on Wednesday to a record after the payments company reported better-than-expected fourth-quarter earnings and issued guidance that also topped...
Qualcomm (QCOM) Q1 earnings report 2025
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm reported better-than-expected fiscal first-quarter results Wednesday and issued strong guidance for the current period.Here's how the chipmaker did...
Google scraps diversity ‘aspirations,’ as a federal contractor
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023.Justin Sullivan | Getty Images News | Getty ImagesGoogle is scrapping its diversity goals, becoming the latest tech giant to alter its...
Temu steers users to ‘local’ products after Trump ends de minimis
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesChinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in...
AMD shares drop 10% on disappointing data center revenue
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices shares fell more than 10% on Wednesday after the chipmaker...
Alphabet shares fall 7% on revenue miss, heightened AI investments
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAlphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street's fourth-quarter revenue expectations and...
Teladoc Health to acquire Catapult Health in $65 million deal
Pavlo Gonchar | Lightrocket | Getty ImagesTeladoc Health on Wednesday announced it will acquire the preventative care company Catapult Health in an all-cash deal for $65 million.Catapult offers an at-home wellness exam that allows members to check their blood...
USPS says it will resume accepting inbound packages from China, Hong Kong
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty ImagesThe U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after...
Stripe closes $1.1 billion Bridge deal, prepares for stablecoin push
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022's Italian Tech Week in Turin, Italy.Giuliano Berti | Bloomberg | Getty ImagesSAN FRANCISCO — What started as a casual roundtable at Stripe's headquarters to discuss issues facing fintech companies turned...
Uber (UBER) Q4 earnings 2024
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCUber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter...
Uber opens ‘interest list’ for Waymo robotaxi rides in Austin
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCRide-hailing and food delivery app Uber is opening its "interest list" to users in Austin, Texas, who want to be...
Match appoints Zillow co-founder Spencer Rascoff as CEO
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesMatch Group announced on Tuesday that Zillow...
AMD earnings report Q4 2024
AMD CEO Lisa Su.Courtesy: AMDAdvanced Micro Devices reported fourth-quarter results on Tuesday that beat Wall Street expectations for sales and earnings, but the stock fell about 6% in extended trading as the company missed estimates in its key data center...
Alphabet will invest about $75 billion in capital expenditures in 2025
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024.Carlos Barria | ReutersAlphabet CEO Sundar Pichai said the company...
Snap Q4 earnings report
Snap shares jumped in extended trading Tuesday after the company reported better-than-expected fourth-quarter results.Here is how the company did compared with Wall Street's expectations:Earnings per share: 16 cents adjusted vs. 14 cents expected, according to...
Trump crypto czar David Sacks says priority is stablecoin legislation
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC.Jabin Botsford | The Washington Post | Getty ImagesAs David Sacks, the newly appointed White House...
Apple shares fall after China reportedly considers probe into App Store
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesApple shares fell on Wednesday after...
Google removes pledge to not use AI for weapons, surveillance
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesGoogle has removed a pledge to abstain from using AI for potentially harmful applications, such as...
USPS temporarily suspends some inbound packages from China, Hong Kong
A United States Postal Service employee at work in New York City on Dec. 4, 2023.Brendan Mcdermid | ReutersThe U.S. Postal Service said Tuesday it's temporarily suspending all inbound packages from China and Hong Kong Posts.The change is effective immediately and will...
Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | ReutersJapan's Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, while announcing that it will set up a new company in China to...
Amazon to face legal action after Quebec warehouse closures
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon is set to face legal action from a Canadian union after the company's decision to wind down...
Apple launches app for party invitations in recurring revenue push
Apple CEO Tim Cook gestures as he poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. Louisa Gouliamaki | ReutersApple on Tuesday released a...
Alphabet Q4 earnings report 2024
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.Gonzalo Fuentes | ReutersGoogle parent company Alphabet is...
Spotify shares pop 10% after company reports first profitable year
Spotify's Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024.Laure Andrillon | ReutersSpotify shares climbed 10% Tuesday after the music streaming...
Palantir soars more than 23% as AI powers strong earnings and guidance
Alex Karp, CEO of Palantir Technologies, poses beside the company's logo ahead of an interview with Reuters in the Alpine resort of Davos, Switzerland, on May 23, 2022.Arnd Wiegmann | ReutersPalantir surged more than 23% in premarket trading Tuesday after reporting...
HR unicorn Deel prepares for IPO as soon as 2026
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesHuman resources software firm Deel said it has hit an annual revenue run rate of $800 million and is...
PayPal (PYPL) Q4 earnings
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts' expectations.Here's how the company did compared with Wall Street estimates, based on a survey of...
Tesla shares fall 5% on tariffs, drop in Europe vehicle registrations
Oslo Taxi's Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesTesla shares declined about 5% on Monday...
Palantir (PLTR) Q4 earnings 2024
Alex Karp, CEO of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, on on March 7, 2024.David Paul Morris | Bloomberg | Getty ImagesPalantir shares surged as much as 22% in extended...
Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89
Dick Kramlich, founder of New Enterprise Associates, discusses on "Sexism in the valley" during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty ImagesDick Kramlich, the venture capital pioneer...
DeepSeek breakthrough emboldens open-source AI models like Meta Llama
Omer Taha Cetin | Anadolu | Getty ImagesDeepSeek's powerful new artificial intelligence model isn't just a win for China — it's a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts...
Asia tech stocks rise after Trump pauses tariffs on Canada and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018.Justin Chin | Bloomberg | Getty ImagesAsian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico...
How DeepSeek’s new AI models are impacting the profits of global companies
China's DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the...
China to launch probe into Google over alleged antitrust violations
In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty ImagesChina said Tuesday it will launch an investigation into Google over alleged antitrust violations.The country's State Administration for Market...
Nintendo Switch 2 in focus as gaming giant posts profit miss
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third...
Apple shares fall on concern Trump tariffs on China will hit profit
Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.Pedro Pardopedro Pardo | Afp | Getty ImagesApple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company...
Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole
Jakub Porzycki | Nurphoto | Getty ImagesShares of Temu parent PDD Holdings slid more than 5% on Monday, after President Donald Trump's tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers.Trump on...
Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets
TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty ImagesMeme coins plummeted over the weekend as President...
Fintech GoCardless halves loss, targets full-year profit by 2026
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it's aiming to reach full-year profitability by 2026.The London-based startup, which helps...
Bitcoin slides toward $90,000 after Trump orders tariffs
U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price of bitcoin was last lower by 7%...
EU kicks off landmark AI Act enforcement as first restrictions apply
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act.Jaque Silva | Nurphoto | Getty ImagesThe European Union formally kicked off enforcement of its landmark artificial intelligence...
Why deleting China’s DeepSeek AI may be next for millions of Americans
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty Images News | Getty...
DeepSeek Nvidia chip questions: Singapore responds
Singapore's Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China's DeepSeek to produce its AI model.Markets were rocked...
Google offers ‘voluntary’ buyouts to hardware and platform teams
Google's Senior Vice President Hardware, Rick Osterloh, speaks during a launch event in San Francisco, October 4, 2017.Stephen Lam | ReutersGoogle is offering buyouts to employees in its "Platforms and Devices" unit ahead of expected cuts.That unit includes more than...
Atlassian pops 20% on better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 20% in premarket trading after blowing past Wall...
TikTok Traffic Bounces Back as Creators Diversify Amid Shutdown Fears
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersTikTok has nearly bounced back to its original traffic levels after usage fell 85% when the app temporarily shut...
OpenAI in talks to raise up to $40 billion at $340 billion valuation
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025.Carlos Barria | ReutersOpenAI is in talks to raise up to...
Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty ImagesApple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business.In its fiscal first-quarter earnings report on Thursday, Apple reported a...
Instagram tests Reels pause feature as TikTok remains in limbo
Nurphoto | Nurphoto | Getty ImagesMeta is testing a long-awaited pause feature on Instagram Reels that will allow users to start and stop videos with just one tap.The new feature is the latest sign that Meta is looking to capitalize on TikTok's uncertain future in the...
Apple points to ‘fiscal stimulus’ after steep China sales decline
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis.It was the worst quarter by growth rate since the December quarter a year ago, and marks the sixth straight quarter of declines in Apple's...
Intel (INTC) Q4 earnings report 2024
Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours.Here's how the company did in the fourth quarter compared with LSEG estimates:Earnings per share: 13 cents adjusted vs. 12...
Samsung flags chip slowdown as profit drops sharply from previous quarter
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three months as it ramps up R&D...
Crypto PAC Fairshake has $116 million on hand for 2026 election
Fairshake, the super PAC bankrolled by crypto's biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.The fundraising total, which includes $11 million in new contributions, cements Fairshake as...
Apple (AAPL) Q1 earnings 2025
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple reports December-quarter earnings Thursday after...
UPS shares tank after weak guidance, plan to slash Amazon deliveries
Amazon Prime and UPS trucks are seen on a building in Washington DC, United States on July 12, 2024. Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service plunged more than 17% Thursday after the company issued weak revenue guidance for the year and...
IBM jumps nearly 13%, heads for best day since 2000 on strong earnings
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | ReutersIBM surged 14% Thursday on the back of a strong fourth-quarter print that showed...
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday.The...
OpenAI partners with U.S. National Laboratories on scientific research
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | ReutersOpenAI on Thursday said the U.S....
Why LA’s water system failed during Palisades Fire
As thousands of homes started to burn across Los Angeles on Jan. 7, fire hydrants stopped working. The rapid spread of flames in winds up to 100 miles per hour was happening too quickly for water pumps to keep up. It shocked the system and those fleeing the...
China’s DeepSeek has some big AI claims; not all experts are convinced
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI's and cost a fraction of the price to build.The assertions — specifically that DeepSeek's large language model cost just $5.6 million to train — have...
Amazon cuts some jobs in its communications, sustainability units
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.David Ryder | Getty Images News | Getty ImagesAmazon is laying off some employees in its communications and sustainability units, an executive overseeing the...
Meta’s Reality Labs posts $5 billion loss in fourth quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to lose billions of dollars developing the virtual reality and augmented...
IBM shares rise 9% on earnings beat
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.Yves Herman | ReutersIBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and...
Mark Zuckerberg starts Meta earnings call by praising Trump
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Tesla CFO says tariffs would ‘have an impact’ on profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersPresident Donald Trump campaigned on a promise to slap tariffs on goods from many...
Meta won’t slow AI spending despite DeepSeek’s breakthrough
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Wednesday said it's too early to tell what impact DeepSeek's...
Tesla reports $600 million profit boon from digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024.Joe Skipper | ReutersTesla's bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for...
Microsoft (MSFT) Q2 earnings report 2025
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024.Brendan McDermid | ReutersMicrosoft will report fiscal second-quarter results after the U.S....
Tesla TSLA 2024 Q4 earnings
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty ImagesTesla plans to release fourth-quarter results after the bell...
Meta Q4 earnings report 2024
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading.Here is what analysts...
Britain takes stake in SpaceX rival Orbex to boost space ambitions
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets.Michal Wachucik | AFP via Getty ImagesThe U.K. government announced Wednesday a £20 million ($24.8 million)...
ASML CEO sees low-cost AI models like DeepSeek driving more demand
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China's DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday.ASML beat estimates on both sales and profit for the...
U.S. Navy bans use of DeepSeek AI: ‘Imperative’ to avoid using
Samuel Boivin | Nurphoto | Getty ImagesThe U.S. Navy has instructed its members to avoid using artificial intelligence technology from China's DeepSeek, CNBC has learned.In a warning issued by email to "shipmates" on Friday, the Navy said DeepSeek's AI was not to be...
Google reclassifies U.S. as ‘sensitive country’ like China, Russia
Jaque Silva | Nurphoto | Getty ImagesGoogle's maps division on Monday reclassified the U.S. as a "sensitive country," a designation it reserves for states with strict governments and border disputes, CNBC has learned. The new classification for the U.S. came after...
Qorvo (QRVO) Q3 earnings report, weakness at Apple
Qorvo logo of a US semiconductor company is seen displayed on a smartphone and pc screen.Sopa Images | Lightrocket | Getty ImagesShares of semiconductor supplier Qorvo, which counts on Apple for an outsized amount of revenue, plunged in extended trading after the...
23andMe is exploring strategic alternatives, looking to raise capital
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesEmbattled genetic testing company 23andMe said on Tuesday...
Tesla shareholders want answers about Musk salute, role in Trump WH
U.S. President-elect Donald Trump greets Tesla CEO and X owner Elon Musk during a rally the day before Trump is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | ReutersTesla's fourth-quarter earnings report lands...
ASML earnings report Q4 2024
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Peter Boer | Bloomberg | Getty ImagesDutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong...
Google employees petition for ‘job security’ ahead of expected cuts
The Google logo is displayed during the Made By Google event at Google headquarters on August 13, 2024 in Mountain View, California. Justin Sullivan | Getty ImagesGoogle employees have begun circulating an internal petition titled "job security" ahead of expected cost...
OpenAI launches ChatGPT Gov for U.S. government agencies
OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It's called ChatGPT Gov and was built specifically for U.S. government use.The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security....
Microsoft’s underperformance has investors looking to cloud for growth
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft is in the middle of the artificial intelligence boom, but it's been a while since investors have seen...
UK raises cloud competition concerns, singles out Microsoft and Amazon
Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said.Cesc Maymo |...
Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.'s high-bandwidth memory chips, a final required...
Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit.Leigh Vogel | Getty Images Entertainment | Getty ImagesAmazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced...
Google Maps to show Gulf of America after government updates
The Gulf of Mexico as seen on Google Maps.Source: Google MapsGoogle said Monday it will change the name of the Gulf of Mexico to "Gulf of America" in Google Maps after the Trump administration updates its "official government sources."The company also said it will...
Japan chip stocks extend losses as DeepSeek worries fuel Wall Street tech rout
A sales clerk shows off Elpida Memory Inc. memory chips at an electronics shop in Tokyo, Japan, on Thursday, March 5, 2009.Tomohiro Ohsumi | Bloomberg | Getty ImagesShares in Japan's chip-related companies extended declines for a second day as Chinese startup...
Whole Foods workers vote to form Amazon chain’s first union
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty ImagesWhole Foods employees at a Philadelphia store voted to form a union Monday night, marking the...
SoftBank-backed TravelPerk doubles valuation, plans fintech push
TravelPerk CEO and co-founder Avi Meir.TravelPerkTravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC.The fresh financing doubles TravelPerk's...
Apple turns its AI on by default in latest software update
Tim Cook, chief executive officer of Apple Inc., greets customers during the first day of in-store sales of Apple's latest products at Apple's Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple on Monday...
DeepSeek hit with large-scale cyberattack, says it’s limiting registrations
DeepSeek on Monday said it would temporarily limit user registrations "due to large-scale malicious attacks" on its services, though existing users will be able to log in as usual. The Chinese artificial intelligence startup has generated a lot of buzz in recent weeks...
Here’s what you should know
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI's coveted spot as the most-downloaded free app in the U.S. on Apple's App Store, dethroning ChatGPT for DeepSeek's AI Assistant. Global tech stocks sold-off and were on pace to wipe out...
Trump tariffs could raise prices on laptops, smartphones and AI
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty ImagesThe world's most valuable chipmaker and the world's largest contract manufacturer for...
Bitcoin tumbles below $98,000 in risk-off move as Nasdaq stocks are crushed
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesCryptocurrencies tumbled to begin the final week of January, with the market in a cooling period after running to a new record and pulled...
Perplexity Tiktok revised merger proposal
Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag.Nurphoto | Nurphoto | Getty ImagesPerplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new...
After TikTok, your home WiFi may be next Chinese tech ban target
The logo of TP-Link appears on the products of router manufacturer TP-Link in Fuyang, China, on December 19, 2024. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesWhile the TikTok ban has lawmakers scurrying and chatter about Chinese...
Meta is paying creators to promote Instagram on other video apps
Instagram added a new short-form video feature to the image-focused platform in a direct challenge to TikTok.Chris Delmas | AFP | Getty ImagesMeta is offering deals to creators to promote Instagram on other short-form video apps, including TikTok, Snapchat and...
Crypto gets quick return on Trump investment after funding campaign
FRANCE - 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images)Romain Doucelin | Getty ImagesCrypto executives,...
Alphabet shares close above $200 for first time since stock split
Sundar Pichai, CEO of Alphabet Inc.Kyle Grillot | Bloomberg | Getty ImagesAlphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company's opportunities in artificial intelligence.The stock gained 1.1% on...
Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty ImagesMeta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday.The experiment marks Meta's first run at generating revenue from Threads....
Twilio shares pop 22%, head for biggest gain since 2020 on growth forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioTwilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications...
Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | ReutersMeta CEO Mark Zuckerberg on Friday announced the company plans to...
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty ImagesAfter years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The...
How China’s new AI model DeepSeek is threatening U.S. dominance
A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America's best despite being built more cheaply and with less-powerful chips. DeepSeek, as the lab is called, unveiled a free, open-source...
Trump crypto plans have Wall Street CEOs excited about digital assets
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025.Paul Yeung | Bloomberg | Getty ImagesJust days...
Twilio stock surges after company issues optimistic 2027 forecast
Twilio CEO Khozema Shipchandler speaks at Twilio's Signal event in Sao Paulo on Aug. 14, 2024.Courtesy: TwilioCloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years.The company sees its adjusted operating margin...
Trump signs executive order on crypto, digital asset stockpile
U.S. President Donald Trump holds a signed executive order on cryptocurrencies in the Oval Office of the White House in Washington on Jan. 23, 2025.Kevin Lamarque | ReutersPresident Donald Trump signed an executive order on Thursday to promote the advancement of...
Tesla starts sales of revamped Model Y in U.S. for about $60,000
Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the company's website.The Model Y Juniper has a price tag of $59,990, not including a federal tax credit of $7,500 for new electric vehicle...
Trump is searching for potential TikTok buyers — who are the likely contenders?
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersPresident Donald Trump wants a U.S. investor to take a major stake in ByteDance's TikTok. Several parties are in...
OpenAI Operator agent can automate tasks such as vacation planning
OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks such as planning vacations, filling out forms, making restaurant reservations and ordering groceries.The tool, announced on Thursday, is called Operator. OpenAI describes it as...
Google restores Joe Biden to list of US presidents after ‘data error’
David Gray | Bloomberg | Getty ImagesGoogle on Thursday blamed a "data error" after users reported that former President Joe Biden was missing from the company's search results.Users on Wednesday noticed that results for search queries that included "US Presidents,"...
Ivanka Trump warns investors that meme token bearing her name is fake
Hakan Nural | Getty ImagesIvanka Trump, the daughter of President Donald Trump, is warning investors against buying a fraudulent crypto coin bearing her name."It has come to my attention that a fake crypto coin called 'Ivanka Trump' or '$IVANKA' is being promoted...
EA shares plunge 19%, on track for worst day since dot-com bubble
A sign is posted in front of the Electronic Arts headquarters in Redwood City, California, on March 30, 2023.Justin Sullivan | Getty ImagesShares of Electronic Arts headed for their steepest drop since 1999 after the video game publisher cut its full-year bookings...
Scale AI CEO says China has quickly caught the U.S. with DeepSeek
The U.S. may have led China in the artificial intelligence race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed.Wang, whose company provides training data to key AI players including OpenAI, Google and Meta,...
Apple and Google hit with UK antitrust probe into mobile ecosystems
Omar Marques | Lightrocket | Getty ImagesLONDON — Britain's competition regulator on Thursday launched an investigation into Apple and Google's huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.'s strict new digital competition...
EA lowers Q3 guidance as soccer and other games ‘underperformed’
Visitors play the 'EA Sports FC 25' game in front of a placard with England's midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany on Aug. 21, 2024. Ina Fassbender | AFP | Getty...
Microsoft’s business development chief Chris Young resigns
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions...
Nvidia supplier SK Hynix posts record quarterly profit on strength of AI boom
Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSouth Korea's SK Hynix, one of the largest memory chipmakers in the world, posted record quarterly earnings Thursday on the back of strong sales of...
Here’s why you’re suddenly following President Trump on Instagram
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty...
Google agrees to new $1 billion investment in Anthropic
Dario Amodei, Anthropic CEO, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCGoogle has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a source familiar...
specs, price, release date, AI features
Samsung S25 Ultra on display at one of Samsung's stores in London, U.K. Samsung has boosted the capabilities of the S25 on the Ultra model.Arjun Kharpal | CNBCSamsung Electronics on Wednesday launched its latest flagship smartphones — the Galaxy S25 series — touting a...
Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi.DatabricksData analytics software startup Databricks said Wednesday that Meta has signed on as an investor.As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta...
Abnormal Security hires former ServiceNow executive to be CFO
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it's hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO.Abnormal is going after a longstanding...
How Bluesky, Twitter’s one-time side project, is challenging X
Billionaire Mark Cuban, New York Democratic Rep. Alexandria Ocasio-Cortez and author Stephen King are all now on Bluesky. The social media platform is the brainchild of Twitter co-founder Jack Dorsey, who conceived Bluesky as a side project inside Twitter in 2019....
UK replaces CMA chair with ex-Amazon boss after anti-growth criticism
Doug Gurr, Amazon's former U.K. head, has been appointed chair of the Competition and Markets Authority.David M. Benett | Getty Images for AmazonLONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations...
Reddit shares rise 7%, hit record as Raymond James raises price target
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty Images News | Getty...
Stripe cuts 300 jobs in product, engineering and operations
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesStripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed....
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024.Jaap Arriens | Nurphoto | Getty ImagesPresident Donald Trump said on Tuesday that he'd consider the possibility of Tesla CEO...
Microsoft loses status as OpenAI’s exclusive cloud provider
From left, President Donald Trump, Oracle Executive Chairman Larry Ellison, SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman appear in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced a joint venture to fund artificial...
Kevin O’Leary says he will ‘love to do a TikTok deal’
Kevin O'Leary is seen in Midtown Manhattan, New York City, on May 28, 2024. James Devaney | Gc Images | Getty ImagesCanadian investor Kevin O'Leary is still interested in a TikTok deal, but it's not possible under current law, he told CNBC, as President Donald Trump...
Trump meme coin gives crypto greenlight to return to days of NFT bubble
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Paul Yeung | Bloomberg | Getty...
Oracle shares surge on involvement in US AI infrastructure initiative
Oracle co-founder Larry Ellison, center, watches Andy Murray of Great Britain against Alexander Zverev of Germany during their third round match on Day 9 of the BNP Paribas Open at the Indian Wells Tennis Garden on October 12, 2021 in Indian Wells, California.Clive...
Nvidia passes Apple again to become world’s most valuable company
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Why U.S. companies struggle to replicate China’s WeChat ‘super app’
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks.Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop...
Bitcoin slips, Trump token plunges over 20% as crypto market cools
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesBitcoin and...
Trump crypto-fueled inauguration makes family billions of dollars
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening.MacKenzie SigalosAs the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming...
Tesla lost $15 billion in brand value in 2024, Brand Finance found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesThe value of Tesla's brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and...
TSMC confident in continued CHIPS Act funding under Trump, says CFO
TSMC Arizona's first chip fab on November 7, 2024Katie TarasovU.S. President-elect Donald Trump has accused Taiwan of "stealing" his country's chip industry. But Taiwan's biggest chip company is confident the Trump administration will continue funding its projects in...
Bitcoin jumps to a new record above $109,000 as traders cheer Trump inauguration, meme coins
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin hit a new all-time high overnight after the incoming first couple launched a pair of meme coins and as traders await the inauguration of incoming President Donald Trump.On Monday the flagship cryptocurrency was last...
Trump provides assurances company needed
TikTok was available to some U.S. users on Sunday after President-elect Donald Trump said that he would sign an executive order on Monday to delay a federal ban of the app.In a statement on X, the company wrote that it would bring back access to its American users....
LA wildfires put Stand in spotlight as homeowners seek insurance
An aerial view of repair vehicles at sunset passing near beachfront homes that burned in the Palisades Fire as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California. Mario Tama | Getty ImagesMidway through December, tech...
Perplexity AI makes a bid to merge with TikTok U.S.
Jakub Porzycki | Nurphoto | Getty ImagesPerplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to create a new merged entity combining Perplexity, TikTok U.S. and new capital partners, CNBC has learned.The new...
Apple, Google remove TikTok from stores as app halts service in U.S.
Apple and Google removed TikTok from their app stores Saturday night, complying with a law requiring China's ByteDance to divest the social app or see it face an effective ban in the U.S. The Apple App Store and the Google Play store's removal of TikTok means people...
Solana surges 12% on launch of Trump-themed memecoin, ether falls
The Solana logo on a phone screen and representation of cryptocurrencies are seen in this photo taken in Krakow, Poland, Aug. 21, 2021.Jakub Porzycki | NurPhoto | Getty ImagesSolana's SOL token rocketed after a memecoin linked to President-elect Donald Trump launched...
Google Maps turns 20, adds AI features, new countries to beat Apple
Two decades ago, Google co-founder Larry Page had an idea that would forever change the way we navigate the world."Larry drove down some of these streets with a video camera and handed it to someone and said, 'Hey, what can you do with this?'" said Maria Biggs,...
GLP-1s, Brian Thomson killing loom large at JPM Health
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesSan...
TikTok creators post farewell videos to their fans ahead of U.S. ban
With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans."I never even in a million years ever thought that anybody would ever just care about what I say," Kimberly Rhoades, a creator of humorous...
TikTok says it will go dark on Sunday unless Biden intervenes
Beata Zawrzel | Nurphoto | Getty ImagesTikTok said its services will go dark on Sunday without a guarantee from the Biden administration that it won't punish Apple, Google and other service providers if they support the app."Unless the Biden Administration immediately...
Crypto firm DCG to pay SEC $38.5 million for misleading investors
Barry Silbert, founder and chief executive officer of Digital Currency Group Inc., speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019.Bloomberg | Bloomberg | Getty ImagesDigital Currency Group, the crypto...
Sam Altman posts letter from senators concerned about OpenAI donations
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesU.S. Senators on Friday expressed concern to OpenAI CEO Sam Altman that...
This startup plans to recycle aluminum from cars and keep it all in the U.S.
The drive to recycle just about everything is gaining ground, but the process — separating out all the different materials and item types — can be both confusing and tedious for consumers. For industrial recycling, it can be even more cumbersome.Scrap metal, in...
Supreme Court rules to uphold TikTok ban, setting stage for shutdown
The Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday or face an effective ban of the popular social video app in the U.S.ByteDance has so far refused to sell TikTok, meaning many U.S. users could lose access...
Bumble founder Whitney Wolfe Herd to return as CEO
Whitney Wolfe Herd speaks onstage in Dana Point, California.Joe Scarnici | Getty Images EntertainmentBumble founder Whitney Wolfe Herd will return to the company as CEO, a little over a year after she stepped down from the role, the company announced Friday.The...
Bitcoin gains as Trump reportedly plans crypto executive order
Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as day 1 of his new term.The price of the flagship...
Why tech companies like Amazon, Google and TSMC are in Phoenix
Tech might not be the first thing that comes to mind when one pictures Phoenix. The city is better known for its golf courses, Major League Baseball's Spring Training, retirement appeal and scorching heat. But its growth into an innovation hub has been quietly playing...
Honor CEO George Zhao resigns due to personal reasons
George Zhao, Chief Executive Officer of Chinese consumer electronics brand Honor, smiles as he shows the new Honor Magic 6 Pro smartphones during a presentation on the eve of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in...
Many banks aren’t ready for tough new EU cybersecurity law
Traffic_analyzer | Digitalvision Vectors | Getty ImagesTough new European Union regulations requiring banks to bolster their cybersecurity systems officially come into effect Friday — but many of the bloc's financial services firms aren't yet in full compliance with...
Amazon lays off about 200 employees in its stores unit
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is laying off roughly 200 employees in its North America...
Apple has worst day since August, down 11% from December peak
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty ImagesApple stock closed down 4% on Thursday, its worst...
Duolingo shares climb 7% as users swarm to app to learn Mandarin
A Duolingo logo is seen on a smartphone.Pavlo Gonchar | LightRocket | Getty ImagesDuolingo shares rose nearly 7% on Thursday following a large spike in users signing up to learn Mandarin in conjunction with soaring usage of Chinese social media app RedNote, a TikTok...
Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
Snap CEO Evan Spiegel, joins CNBC 'Power Lunch' on September 17, 2024.CNBCSnap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.The FTC's non-public complaint involves...
Apple disables AI notifications for news in its beta iPhone software
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware. (Justin Sullivan |...
Henna Virkkunen denies taking a softer approach to Big Tech as Trump returns
A leading EU official has denied taking a softer approach to Big Tech, citing a "very clear legal basis" for regulators and pointing to several ongoing investigations into the likes of social media platform X and Meta.The FT reported earlier this week that the EU was...
Small-cap crypto rises ahead of Trump inauguration, bitcoin trades near $100,000
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump's inauguration.XRP and litecoin were among the biggest movers, up 13% and 22%, respectively,...
Merit Systems raises $10 million from a16z, Blockchain Capital
Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz's crypto fund and Blockchain Capital.Sam RagsdaleInside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the...
Nintendo announces Switch 2 console with bigger screen and controllers
The Nintendo Switch 2 docked with a TV behind it.NintendoNintendo on Thursday said its long-awaited new Switch 2 hybrid will be available this year, touting a bigger screen and controllers, as the company looks to breathe new life into its struggling hardware...
TikTok CEO expected to attend Trump’s inauguration, NBC reports
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled "TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms," as lawmakers scrutinize the Chinese-owned video-sharing app,...
Freetrade acquired up by IG Group at 29% valuation discount
The Freetrade application on a smartphone and desktop PC.FreetradeLONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it's been acquired by online investing platform IG Group.The deal values Freetrade at £160 million ($195...
Biden administration launches cybersecurity executive order
US President Joe Biden, left, and Antony Blinken, US secretary of state, speak on the ceasefire deal between Israel and Hamas, in the Cross Hall of the White House in Washington, DC, US, on Wednesday, Jan. 15, 2025. Israel and Hamas agreed to a ceasefire deal,...
YouTube donating $15 million to support LA, creators impacted by fires
Charred remains of buildings are pictured following the Palisades Fire in the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 15, 2025. Mike Blake | ReutersGoogle and YouTube will donate $15 million to support the Los Angeles community and content...
How VPNs might allow Americans to continue using TikTok
If TikTok does indeed go dark on Sunday for Americans, there may be a tool for them to continue accessing the popular social app: VPNs. The Chinese-owned app is set to be removed from mobile app stores and the web for U.S. users on Sunday as a result of a law signed...
Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | ReutersGoldman Sachs CEO David Solomon says there's an end in sight to the multi-year IPO drought."It's going to pick up," Solomon...
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles,...
TSMC fourth-quarter profit beats expectations on strong AI chip demand
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company's fourth-quarter...
TikTok’s U.S. unit could be worth as much as $50 billion in a sale
Jakub Porzycki | Nurphoto | Getty ImagesBusiness moguls like Elon Musk should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme...
From Gmail to Word, your privacy settings and AI in a new relationship
The Microsoft 365 website on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Bloomberg | Bloomberg | Getty ImagesThe beginning of the year is a great time to do some basic cyber hygiene. We've all been told to patch, change passwords, and update...
Bitcoin approaches $100,000 again as a cool inflation reading fuels risk appetite
Mustafa Ciftci | Anadolu via Getty ImagesBitcoin extended its rebound on Wednesday, hovering just below $100,000 after another encouraging inflation report fueled investors' risk appetite.The price of the flagship cryptocurrency was last higher by more than 2% at...
Microsoft launches consumption-based Microsoft 365 Copilot Chat
Microsoft Chairman and CEO Satya Nadella speaks during the Microsoft May 20 Briefing event at Microsoft in Redmond, Washington, on May 20, 2024. Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into...
Microsoft pauses hiring in U.S. consulting unit, memo says
Executive Chair and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Jakarta, Indonesia, on April 30, 2024.Ajeng Dinar Ulfiana | ReutersMicrosoft plans to pause hiring in part of its consulting business in the U.S.,...
Intel to spin off venture capital arm, can raise outside money
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker.Turning Intel Capital, which has $5 billion in assets, into a standalone fund will...
SEC sues Musk, alleges failure to properly disclose Twitter ownership
Beata Zawrzel | Nurphoto | Getty ImagesThe SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at...
AI video platform Synthesia doubles valuation to $2.1 billion
Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages.SynthesiaLONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised...
These Chinese apps have surged in popularity in the U.S. A TikTok ban could ensnare them
Lemon8, a photo-sharing app by Bytedance, and RedNote, a Shanghai-based content-sharing platform, have seen a surge in popularity in the U.S. as "TikTok refugees" migrate to alternative platforms ahead of a potential ban. Now a law that could see TikTok shut down in...
Crypto ETFs have opening to innovate in 2025, but demand may be weak
Omer Taha Cetin | Anadolu | Getty ImagesCrypto ETFs may be entering a year of innovation, with new funds and new approaches, but don't expect demand to match what was seen in the first year of bitcoin ETFs.Bitcoin exchange-traded funds debuted a year ago and have been...
Musk, Zuckerberg and Bezos will attend Trump inauguration
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024.Anna Moneymaker | Getty ImagesTesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump's...
OpenAI says BlackRock exec Adebayo Ogunlesi is joining board
Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC.Pool...
Meta targeting lowest-performing employees in latest round of layoffs
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024.Manuel Orbegozo | ReutersMeta is set to cut about 5% of its workforce, focusing on the company's...
Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
Jonathan Raa | Nurphoto | Getty ImagesBitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading.On Tuesday the price of the flagship cryptocurrency rose 4.5% to $97,044.35, according to Coin Metrics, after sliding below...
Biden opens federal land for AI data centers, sets developer rules
U.S. President Joe Biden delivers a speech at the State Department in Washington, U.S. Jan. 13, 2025. Evelyn Hockstein | ReutersPresident Joe Biden issued an executive order Thursday aimed at speeding domestic construction of artificial intelligence infrastructure and...
Wildfires in LA force GOES app developer to use technology in crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | ReutersFor almost two years, Viktor...
Klarna scores global payment deal with Stripe ahead of blockbuster IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up...
UK antitrust regulator opens probe into Google’s search services
Anadolu | Anadolu | Getty ImagesLONDON — Britain's competition watchdog on Tuesday said that it's opening a formal antitrust investigation into Google's search and search advertising services.The Competition and Markets Authority said that it's looking to assess...
IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC.Anjali Sundaram | CNBCBarry Diller's IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.IAC said it expects the transaction to close in the second quarter of the year. The...
As TikTok faces U.S. ban, China’s RedNote tops Apple app store
Chinese social media app RedNote has skyrocketed to the top of Apple's app store, underscoring concerns that TikTok will soon be effectively banned in the U.S.RedNote, or Xiaohongshu, as it's known in China, is the No. 1 free app on the Apple app store as of Monday,...
China considers selling TikTok U.S. operations to Musk: Bloomberg
Jakub Porzycki | Nurphoto | Getty ImagesThe Chinese government is considering a plan that would have Elon Musk acquire TikTok's U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday.The contingency plan is one of several...
UK will ‘do own thing’ on AI regulation — what could that mean?
Jaque Silva | Nurphoto | Getty ImagesLONDON — The U.K. says it wants to do its "own thing" when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers."It's really important that we as the U.K....
Ahead of TikTok ban, Instagram to prioritize original content: Mosseri
Adam Mosseri, FacebookBeck Diefenbach | ReutersAdam Mosseri, the head of Meta's Instagram, said on Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025.His comments came in a video Mosseri posted outlining...
New tool will help fight health insurance denials
The Waystar team celebrates its IPO at the Nasdaq2024 Nasdaq, Inc. / Vanja SavicHealth-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious...
AWS and General Catalyst partner to speed development
Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon Web Services and venture capital firm General Catalyst on...
Bitcoin accelerates its slide, falling to $90,000 to start the week
Bitcoin dropped to the $90,000 mark to start the week, extending weekend losses as investors continued to dump tech stocks.The price of the flagship cryptocurrency was last lower by 4% at $90,413.80, according to Coin Metrics, bringing its losses since Saturday to...
Britain wants to become global AI leader, build domestic OpenAI rival
Britain's Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024.Leon Neal | Via ReutersLONDON — The U.K is looking to build a homegrown...
What to expect from new crypto legislation on the crime side of it
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.Kevin Wurm | ReutersWith the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto...
TikTok creators ask followers to migrate ahead of ban to Meta, YouTube
Jakub Porzycki | Nurphoto | Getty ImagesBefore Jack Nader started posting beauty videos on TikTok in 2023, he was working as a Starbucks barista in Chicago and living at home with his parents. But after Nader, who's now 21, started taking his videos seriously in April...
Mark Zuckerberg slams Apple on its lack of innovation and ‘random rules’
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and "random rules" in a lengthy...
Meta had to ‘bend the knee to Trump’ ahead of inauguration
Jakub Porzycki | Nurphoto | Getty ImagesMark Zuckerberg's announcement this week that Meta would pivot its moderation policies to allow more "free expression" was widely viewed as the company's latest effort to appease President-elect Donald Trump. More than any of...
Amazon to shut down Stitch Fix competitor ‘Prime Try Before You Buy’
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon is shutting down "Prime Try Before You Buy," a competitor to...
Amazon to halt some of its DEI programs: Internal memo
Amazon said it is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have made similar moves in the face of increasing public and legal scrutiny.In a Dec. 16 internal note to staffers that was obtained by CNBC,...
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024.M. Scott Brauer | Bloomberg | Getty ImagesTesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its...
Apple’s market share slides in China, iPhone shipments decline: Kuo
Jaap Arriens | Nurphoto | Getty ImagesApple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%."Apple has adopted a cautious stance when discussing 2025 iPhone...
Mark Zuckerberg says Biden pushed Meta to remove posts on vaccines
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg told Joe Rogan in a podcast published Friday that his company was pressured by the Biden...
Meta announces end of its DEI programs
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersMeta on Friday told employees that its plans to end a number of internal...
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China.TeslaTesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals.The Model Y will start at 263,500 Chinese yuan...
Nvidia’s tiny $3,000 computer for AI developers steals the show at CES
Nvidia CEO Jensen Huang speaks about the Project Digits personal AI supercomputer for researchers and students during a keynote address at the CES tech conference in Las Vegas, Jan. 6, 2025.Patrick T. Fallon | Afp | Getty ImagesNvidia CEO Jensen Huang was greeted as a...
Supreme Court set to hear oral arguments on challenge to TikTok ban
Tik Tok creators gather before a press conference to voice their opposition to the "Protecting Americans from Foreign Adversary Controlled Applications Act," pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S.,...
TSMC beats sales estimates as AI chip boost continues
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023.Brendan Mcdermid | ReutersTaiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst...
Elon Musk promotes, hosts Alternative for Germany candidate on X
Alice Weidel, co-leader of the far-right Alternative for Germany (AfD) political party, arrives to speak to the media with AfD co-leader Tino Chrupalla shortly after the AfD leadership confirmed Weidel as the party's candidate for chancellor on December 07, 2024 in...
Microsoft contributes $1 million to Trump’s inauguration fund
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017.Nicholas Kamm | AFP | Getty ImagesMicrosoft said Thursday that it's contributing $1 million to...
Ubisoft appoints advisors to explore options after buyout report
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesFrench video game publisher Ubisoft said Thursday it's appointing advisors to review and pursue strategic options after a report last year suggested that its majority backers were...
Billionaire Frank McCourt’s Project Liberty bids for TikTok
Jakub Porzycki | Nurphoto | Getty ImagesJust 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt's internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese...
Google donates $1 million to Trump’s inauguration fund
Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle donated $1 million to President-elect Donald Trump's inauguration fund, becoming the latest major...
Amazon to expand ad unit by letting retailers use ad tools on stores
BARCELONA, SPAIN - MARCH 2: The Amazon ads logo, the advertising solutions service formerly known as AMD or Amazon Marketing Services, during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto |...
Cohere sees big AI opportunity in enterprise, away from ChatGPT
Omar Marques | Lightrocket | Getty ImagesCohere co-founder Nick Frosst is surrounded by chatter of artificial general intelligence, or AGI. He's perfectly happy to stay out of the conversation.Founded in 2019, by ex-Google AI researchers, Cohere is valued in the...
Nvidia CEO Jensen Huang is ‘dead wrong’ about quantum: D-Wave CEO
D-Wave Quantum CEO Alan Baratz said Nvidia's Jensen Huang is "dead wrong" about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.Huang was asked Tuesday about Nvidia's strategy for quantum computing. He said Nvidia...
Microsoft confirms performance-based job cuts across departments
Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is cutting a small percentage of jobs across departments, based on performance, the company...
Ebay shares soar as Meta allows listings on Facebook Marketplace
A sign is posted in front of the eBay headquarters in San Jose, California.Justin Sullivan | Getty ImagesShares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace, its popular platform connecting consumers for...
Amazon workers in North Carolina to hold union vote next month
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days, at an Amazon fulfillment center in Orlando, Florida, on Dec. 2, 2024.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon warehouse workers at a site in North...
Apple AI fake news alerts highlight the tech’s misinformation problem
Jaap Arriens | Nurphoto | Getty ImagesAn artificial intelligence feature on iPhones is generating fake news alerts, stoking concerns about the technology's ability to spread misinformation.Last week, a feature recently launched by Apple that summarizes users'...
Meta employees criticize company’s new speech policy, board additions
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesMeta employees took to their internal forum Tuesday, criticizing the company's decision to end third-party...
OpenAI’s Sam Altman denies sexual abuse allegations made sister, Ann
OpenAI CEO Sam Altman visits "Making Money With Charles Payne" at Fox Business Network Studios in New York on Dec. 4, 2024.Mike Coppola | Getty ImagesOpenAI CEO Sam Altman's sister, Ann Altman, filed a lawsuit on Monday, alleging that her brother sexually abused her...
Bitcoin drops below $98,000 as Treasury yields pressure risk assets
Nicolas Economou | Nurphoto | Getty ImagesBitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics. The broader market of...
Hims & Hers donates $1 million to Donald Trump’s inauguration fund
Hims & Hers Health has donated $1 million to President-elect Donald Trump's inauguration fund, CNBC confirmed Tuesday.The company, which offers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the...
Meta eliminates third-party fact checking, moves to ‘Community Notes’
Meta on Tuesday announced it will eliminate its third-party fact checking program to "restore free expression" and move to a "Community Notes" model, similar to the system that exists on Elon Musk's platform X.The company said Community Notes will be written and rated...
UFC’s Dana White joins Meta’s board weeks before Trump takes office
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesDana White, CEO of the Ultimate Fighting Championship and a longtime friend of President-elect Donald Trump, is joining the board of Facebook parent...
Samsung Electronics banks on AI to outpace global growth in smartphones, home appliances
Samsung Electronics plans to ramp up its on-device AI business, with the aim of exceeding global market growth in the consumer electronics segment this year.The global consumer electronics market for smartphone, TV and home appliances will grow roughly 3% in 2025,...
Nvidia releases Blackwell gaming chips for PCs called RTX 50-series
Jensen Huang, Nvidia's founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024.Chip Somodevilla | Getty ImagesNvidia...
Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company
Jonathan Raa | Nurphoto | Getty ImagesShares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of "Chinese military companies" by the U.S. Department of Defense.The move mirrors an 8% fall in Tencent's...
Latin American Stripe rival dLocal acquires UK payments license
DLocal is one of Latin America's most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay.Sopa Images | Lightrocket | Getty ImagesLONDON — Uruguayan payments firm dLocal...
Cryptocurrencies rise to start the week, bitcoin jumps above $102,000
The photo illustration shows the Bitcoin cryptocurrency on November 12, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe price of bitcoin leapt back above $100,000 to start the first full trading week of the new year.The flagship cryptocurrency was...
Amazon’s Ring announces smart smoke alarm as CES kicks off
Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty ImagesAmazon's Ring is partnering with fire safety product maker Kidde to launch a connected smoke alarm, the company announced Monday at...
Global chip stocks climb on Foxconn results, AI server demand
Jakub Porzyck | Nurphoto | Getty ImagesGlobal semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run.Hon Hai Precision Industry,...
Volkswagen and Xpeng to build EV super-fast charging network in China
Top Volkswagen and Xpeng executives pose at the German automaker's launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesShares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership...
Musk and Trump, EU AI Act
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersThe U.S. political landscape is set to undergo some shifts in 2025 — and those...
Tenable Chair and CEO Amit Yoran dies after cancer battle
Amit Yoran, CEO and chairman of TenableH/O TenableAmit Yoran, who ushered cybersecurity company Tenable into the public market as chief executive, died on Friday. He was 54.Yoran's passing was confirmed by Tenable in a Saturday press release. While the company said...
Microsoft expects to spend $80 billion on AI data centers in FY 2025
Vice Chair and President at Microsoft, Brad Smith, participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The largest technology conference in the world this year has 71,528 attendees from 153 countries and 3,050 companies, with AI...
Foreign phone sales plunge 47% in China spelling trouble for Apple
An Apple flagship store in Shanghai, China, October 15, 2024.Cfoto | Future Publishing | Getty ImagesSales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest...
Meta picks former GOP staffer as policy chief before Trump inauguration
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France.Chesnot | Getty ImagesFacebook parent Meta is...
Nominate a company for CNBC’s 2025 Disruptor 50 list
CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges.The deadline for submissions is Friday,...
Cryptocurrencies jump to start 2025, bitcoin rises back above $96,000
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | ReutersCryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market.The price of bitcoin rose 2% to...
Tesla TSLA Q4 2024 vehicle delivery and production numbers
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles on Oct. 10, 2024.Tesla | Via ReutersTesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:Total deliveries Q4...
Apple offers holiday discount in China as Huawei competition heats up
People walk past an advertisement for the iPhone 16 Pro at an Apple store during National Day holiday on October 3, 2024 in Chongqing, China.Cheng Xin | Getty Images News | Getty ImagesApple is offering discounts on its top-end iPhones and other products in China for...
Bitcoin was the best investment of 2024, but not without its usual volatility
Bitcoin was far and away the best performing asset class in 2024 as new ETFs ushered in more widespread adoption and hopes for deregulation under a new presidential administration lifted digital assets to record levels.But owning cryptocurrency also came with its...
Intel worst year, Broadcom record gain
Hock Tan, CEO of Broadcom (L) and former CEO of Intel, Pat Gelsinger.Reuters | CNBCIt was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area's moniker.Intel, the 56-year-old chipmaker co-founded by industry...
Alibaba (BABA) cloud unit slashes prices on AI models by up to 85%
The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.The Hangzhou-based e-commerce firm's cloud computing division, Alibaba...
Bitcoin (BTC) price predictions for 2025
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024.Dado Ruvic | ReutersAfter a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they're expecting the flagship cryptocurrency to hit new...
History behind hacking method and what’s next
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals.Seksan Mongkhonkhamsao | Moment | Getty ImagesRansomware is now a billion-dollar industry....
Why Microsoft, Amazon, Google and Meta are betting on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry's AI ambitions...
Google CEO Pichai tells employees ‘The stakes are high’ for 2025
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020.Fabrice COFFRINI | AFP | Getty ImagesGoogle CEO Sundar Pichai told employees last week that "the stakes are high" for 2025, as the...
OpenAI needs ‘more capital than we’d imagined,’ moves to for-profit
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI said Friday that in moving toward a new for-profit structure in...
How Google’s Sundar Pichai navigated a pressure-filled year
NEW YORK, NY - NOVEMBER 01: Sundar Pichai, C.E.O., Google Inc. speaks at the New York Times DealBook conference on November 1, 2018 in New York City. (Photo by Stephanie Keith/Getty Images)Stephanie Keith | Getty Images News | Getty ImagesGoogle's blowout earnings...
Waymo dominated U.S. robotaxi market in 2024, but Tesla, Zoox loom
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersDespite General Motor's decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a...
Larry Ellison has banner year as Oracle gains most since dot-com boom
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024.Clive Brunskill | Getty ImagesIt's...
AI, crypto top tech stocks: AppLovin, MicroStrategy, Palantir, Nvidia
Jensen Huang, co-founder and CEO of Nvidia Corp., holds up the company's AI accelerator chips for data centers as he speaks during the Nvidia AI Summit Japan in Tokyo on Nov. 13, 2024.Akio Kon | Bloomberg | Getty ImagesArtificial intelligence is still an abstract...
Digital health stocks pummeled by Wall Street in 2024, but Hims surges
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEIf the Covid era marked a boom time for digital health companies, 2024 was the reckoning.In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health...
Trump taps Silicon Valley execs for key administration roles
U.S. President-elect Donald Trump attends Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | ReutersPresident-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley's...
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, top tech stock
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesOn the eve of MicroStrategy's stock market...
Meta went all in on AI in 2024. The pressure builds in 2025
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | Reuters"Aut Zuck Aut Nihil" spanned the front of Mark...
US launches new probe into legacy Chinese chips
China is looking to challenge the U.S. in artificial intelligence. China's tech giants have launched their own AI models. Niphon | Istock | Getty ImagesThe Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into...
What Google quantum chip breakthrough means for bitcoin’s future
Google's recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we...
