Technology
Uber shares pop as company is slated to join S&P 500
Uber CEO, Dara Khosrowshahi speaks during the "Intentional Equity in Sustainability" conversation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesShares of...
Company to cut 5% of employees
Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023.Lionel Ng | Bloomberg | Getty ImagesSoftware provider Twilio said Monday it would lay off roughly 5% of its workforce citing...
OpenAI COO Brad Lightcap interview with CNBC
Weeks before OpenAI launched ChatGPT in November 2022, the buzzy artificial intelligence company's executive team devoted an entire meeting to debating one question: should they even release the tool? "If you know Sam [Altman], he likes to cycle through topics at a...
Spotify to lay off 17% of employees, CEO Daniel Ek says
It comes after Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on marketing and personnel.Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books.The...
Bitcoin price at $100,000 in 2024? Crypto execs say bull run has begun
Yuichiro Chino | Moment | Getty ImagesExecutives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.Bitcoin has rallied more than 120% this year, with...
Meta AI chief Yann LeCun skeptical about AGI, quantum computing
Yann LeCun, chief AI scientist at Meta, speaks at the Viva Tech conference in Paris, June 13, 2023.Chesnot | Getty Images News | Getty ImagesMeta's chief scientist and deep learning pioneer Yann LeCun said he believes that current AI systems are decades away from...
How Rio Tinto is poised to benefit from the EV boom
Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy.Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to...
Uber shares pop on inclusion in S&P 500
Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBCUber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air...
Amazon broke federal labor law by racially disparaging union leaders
Amazon and consultants for the company violated federal labor law by interrogating and threatening employees regarding their union activities, and racially disparaging organizers who were seeking to unionize a Staten Island warehouse, a National Labor Relations Board...
UiPath stock spikes after earnings beat, generative AI integration
Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin on December 12, 2019 in Berlin, Germany.Noam Galai | Getty ImagesUiPath stock popped more than 20% on Friday, one day after the company released quarterly...
How Apple makes its own chips for iPhone and Mac, edging out Intel
Apple's soaring stock price over the past two decades has been driven by its iconic consumer devices. It started with the iPod and iMac. Then came the iPhone and iPad. And more recently, the Apple Watch and AirPods.But there's a lot more to the biggest U.S. company by...
Coinbase jumps in November as FTX, Binance founders brace for prison
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesIn a month that saw two of the crypto industry's leading...
Elon Musk takes stage at Tesla Cybertruck deliveries event in Austin
Tesla CEO Elon Musk took the stage to reveal details about the company's new and unconventional Cybertruck pickup on Thursday in Austin, Texas, one day after he appeared in a bizarre interview at the DealBook Summit in New York. At that earlier event, Musk boasted,...
OpenAI tender offer on track despite leadership fracas: sources
Sam Altman, CEO of OpenAI participates in the "Charting the Path Forward: The Future of Artificial Intelligence" at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.Andrew Caballero-Reynolds | AFP | Getty...
Read Linda Yaccarino’s message to X employees about Musk interview
Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. Jerod Harris | Getty Images Entertainment | Getty ImagesLinda Yaccarino sent a memo to employees...
Federal judge blocks Montana’s TikTok ban, which would have been the first of its kind
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users.Jaap Arriens | Nurphoto | Getty ImagesA federal judge in Montana has blocked a law that would have resulted in a state-wide ban of TikTok starting on Jan. 1, 2024.Judge...
Robinhood CEO says payment for order flow is ‘here to stay’
Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021.Source: The NasdaqRobinhood CEO Vlad Tenev says he doesn't believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in...
One tiny country drove 15% of Nvidia’s revenue – here’s why it needs so many chips
Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesAs Nvidia posted stellar...
Google could delete your old Gmail account as soon as Friday
The Gmail application is seen on a portable device on Dec. 6, 2017.NurPhoto | NurPhoto | Getty ImagesGoogle will begin deleting inactive Gmail accounts as soon as Friday under a new security policy. If you have a Google account that you haven't used in a while, here's...
Nashville’s heath tech startup scene is booming. Here’s why.
NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. (Photo by Robert Alexander/Getty Images)Robert Alexander | Archive Photos | Getty ImagesOn a flight from...
X CEO addresses Musk’s ‘go f— yourself’ comment to advertisers
Linda Yaccarino: CEO of X speaking with CNBC's Sara Eisen on Aug. 10th, 2023.CNBCX CEO Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers during what she called a "wide ranging" and "candid" interview with CNBC's Andrew Ross Sorkin at the...
FTC chair Khan defends her tenure, doesn’t subscribe to Amazon Prime
Federal Trade Commission Chair Lina Khan speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023.Michael M. Santiago | Getty ImagesFederal Trade Commission Chair Lina Khan defended her track record in court when it comes to blocking...
Salesforce (CRM) Q3 earnings report 2024
Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSalesforce shares rose...
Meta Q3 threats report shows risk of China influence ahead of election
Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesIn its latest quarterly report on adversarial threats, Meta said on...
Elon Musk says advertisers trying to ‘blackmail’ him: ‘Go f— yourself’
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesSpeaking at the 2023 DealBook Summit in New York on Wednesday,...
Zepz, a $5 billion fintech unicorn, is laying off more staff
Zepz, which owns the WorldRemit and Sendwave brands, has a headcount of around 1,600.Sopa Images | Lightrocket | Getty ImagesZepz, the money transfer group that owns WorldRemit, made a fresh round of layoffs.The British fintech unicorn, which is backed by TCV, Accel,...
Elon Musk says he won’t vote for Biden over Trump
Elon Musk said Wednesday that he won't vote for President Joe Biden in the 2024 election, even if former president Donald Trump is the Republican nominee."I would not vote for Biden," Musk said during a wide-ranging interview with Andrew Ross Sorkin at the DealBook...
Microsoft secures non-voting board seat at OpenAI
Sam Altman, chief executive officer (CEO) of OpenAI and inventor of the AI software ChatGPT, joins the Technical University of Munich (TUM) for a panel discussion. Sven Hoppe | Picture Alliance | Getty ImagesMicrosoft will have a non-voting board seat at OpenAI, the...
Robinhood to launch in the UK in latest international expansion bid
A woman's silhouette holds a smartphone with the Robinhood Markets logo in the background.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesOnline investments app Robinhood said Thursday that it's set to launch its platform in the U.K. in early 2024, marking...
AI will be ‘fairly competitive’ with humans in 5 years
Nvidia CEO Jensen Huang said Wednesday that artificial intelligence is gaining on humans.Speaking at the New York Times' annual DealBook summit, Huang said that if artificial general intelligence (AGI) is defined as a computer that can complete tests in a "fairly...
Senior executives don’t need pampering, career guidance
Jensen Huang speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.Slaven Vlasic | Getty ImagesNvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50...
U.S. Chipmakers a decade away from China independence
Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)Tom Williams | Cq-roll Call, Inc. | Getty ImagesU.S. chipmakers are at least...
Google Maps new colors upset some, including former designer
Combo shows Google Maps old look and new updated design.Courtesy: Google MapsIf you want to spark a good-hearted debate at the office water cooler, ask your coworkers what they think about the new Google Maps color scheme.The new update, which has been out for weeks,...
OpenAI competitors Hugging Face and Cohere report increased inquiries
Hugging Face CEO Clement Delangue (R) departs the closed-door "AI Insight Forum" outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Chip Somodevilla | Getty ImagesArtificial intelligence...
Apple is trying to unwind its Goldman Sachs credit card partnership
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California.Michael Kovac | Getty Images Entertainment | Getty...
Meta updates political ad rules to cover AI-generated images, videos
Facebook co-founder and Meta CEO Mark Zuckerberg sits in his seat inside a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Leah Millis |...
Okta hackers stole data on all customer support users, company says
In this photo illustration, an Okta logo is displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesHackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in...
Pinduoduo transaction revenue up 315% as Chinese consumers hunt for bargains
Chinese flag waving in front of Shanghai cityscape.Eternity in an Instant | Stone | Getty ImagesConsumers in China are hunting for bargains when they spend, the latest earnings from online retailers show.Chinese e-commerce giant Pinduoduo posted 94% growth in...
Amazon announces Q, an AI chatbot for businesses
Amazon Web Services CEO Adam Selipsky speaks at the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon on Tuesday announced a new chatbot called Q for people to use at work.The product, announced at Amazon...
Amazon reveals Trainium2 AI chip while deepening Nvidia relationship
Amazon Web Services CEO Adam Selipsky speaks at the Collision conference in Toronto on June 27, 2023.Chloe Ellingson | Bloomberg | Getty ImagesAmazon's AWS cloud unit announced its new Trainium2 artificial intelligence chip and the general-purpose Graviton4 processor...
Amazon touts record sales in kickoff to holiday shopping season
Packages travel on a conveyor during Cyber Monday at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. Mike Segar | ReutersAmazon said Tuesday it rang up "record-breaking" sales in the run-up to Cyber Monday as consumers, still...
UK regulators say Adobe’s Figma acquisition could harm competition
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012.David Paul Morris | Bloomberg | Getty ImagesBritain's top competition watchdog said Tuesday that Adobe's...
Activist fund Anson takes Twilio stake, urges board to sell
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018.Michael Nagle | Bloomberg | Getty ImagesActivist investor Anson Funds has built a stake in Twilio...
Tesla beats claim that it fired factory workers amid union campaign
Brand new Tesla cars sit parked at a Tesla dealership on October 18, 2023 in Corte Madera, California. Justin Sullivan | Getty ImagesA U.S. labor board has dismissed claims that Tesla illegally fired employees working on Autopilot software at a New York factory to put...
Europe tech industry funding halves in 2023; AI a bright spot: Atomico
A 3D map showing the continent of Europe.Constantine Johnny | Moment | Getty ImagesVenture capital investment into Europe's tech industry plunged by half in 2023 as investors continued to reel from the effects of high interest rates, according to data from venture...
Chinese AI firm SenseTime falls after short seller allegations
SenseTime, a Chinese artificial intelligence company, has filed to go public in Hong Kong. The move comes as China continues to tighten regulation on the country's technology giants.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of SenseTime fell as...
Flying taxi firm Lilium receives EU approval for its electric jets
German company Lilium produces flying electric passenger drones.LiliumLilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday.Lilium was awarded "Design...
Binance founder Changpeng Zhao has to stay in U.S. after guilty plea
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022.Benoit Tessier | ReutersBinance founder Changpeng Zhao, who pleaded guilty last...
Shopify, Etsy, Wayfair rally after record Black Friday spending online
An Amazon worker moves a package onto a cart at an Amazon delivery station in Alpharetta, Georgia, on Nov. 28, 2022.Justin Sullivan | Getty ImagesShoppers turned out in full force on Thanksgiving and over the Black Friday weekend, largely shunning physical stores for...
Amazon rolls out palm-scanning technology for office workers
Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world.Amazon One Enterprise repackages the company's palm-based payment system as an authentication tool that lets corporate employees...
iRobot (IRBT) drops 19% after EU warns Amazon deal may hurt competition
iRobot's Roomba.Source: iRobotShares of iRobot plunged as much as 19% on Monday after the EU's antitrust watchdog issued a warning that Amazon's planned $1.7 billion acquisition of the Roomba maker raises competition concerns.The European Commission opened an in-depth...
Finnish startup Varjo launches $3,990 XR-4 mixed reality headset
The XR-4 is a mixed reality headset from Finnish startup Varjo that's targeted at the enterprise.VarjoFinnish mixed-reality startup Varjo on Monday launched its latest headset, the XR-4, a product it hopes to sell to large enterprise firms.The headset, which starts at...
Apple iPhone maker Foxconn to invest $1.5 billion in India expansion
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.Bloomberg | Bloomberg | Getty ImagesFoxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple...
Tesla sues Swedish government after postal workers block license plates
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth | ReutersTesla filed a lawsuit against the Swedish Transport Agency on Monday after postal...
Israel hosts wartime visit by Elon Musk, eyes Starlink for Gaza
American billionaire Elon Musk (C) and Israeli delegation, including Prime Minister Benjamin Netanyahu (R), visit the Kfar Aza settlements in southern Israel, one of the locations targeted by Hamas on Oct. 7, in Kfar Aza, Israel on November 2023.GPO Israel | Anadolu |...
Flying taxi firm ilium receives EU approval for its electric jets
German company Lilium produces flying electric passenger drones.LiliumLilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday.Lilium was awarded "Design...
crypto industry can turn page after Binance settlement
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesThe crypto industry can finally close the chapter on a litany of scandals and...
TikTok owner ByteDance axes hundreds of jobs in gaming unit
Sheldon Cooper | LightRocket | Getty ImagesTikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a significant retreat from a segment it has invested billions of dollars in to challenge...
iRobot stock up 39% on report Amazon deal set to get EU approval
iRobot's Roomba.Source: iRobotShares of iRobot, the maker of Roomba vacuums, closed up about 39% on Friday after a report said the European Union is set to approve Amazon's $1.7 billion acquisition of the company.Reuters said Thursday morning the deal is set to "win...
Alibaba (BABA) shakes up cloud unit management after scrapping IPO
The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new leadership positions, as it looks to revive the division after cancelling its public...
Bitcoin rises to new high for the year Friday above $38,000
Yuichiro Chino | Moment | Getty ImagesCrypto prices have recovered from a big dip earlier in the week, with bitcoin hitting a new high for 2023 on Friday.Bitcoin touched a high of $38,015.16 on Friday morning, according to CoinMetrics, its highest level in more than a...
Nvidia shares fall as it reportedly delays new China AI chip
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023.Walid Berrazeg | Lightrocket | Getty ImagesNvidia shares fell on Friday with the company reportedly delaying a...
$115 million stolen so far
The logo of HTX, formerly known as Huobi, is seen on the screen of a mobile device in this photo.Nurphoto | Nurphoto | Getty ImagesTwo cryptocurrency platforms linked to high-profile digital entrepreneur Justin Sun were hacked in two exploits that may have stolen an...
How Meta could benefit from the OpenAI shakeup
Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023.Josh Edelson | AFP | Getty ImagesMeta CEO Mark Zuckerberg may not have been directly involved with the drama surrounding Sam...
Global smartphone sales rebound after a 2-year slump: Counterpoint
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California.Justin Sullivan | Getty ImagesGlobal smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery...
Huawei smartphone spin-off Honor plans IPO
The Honor Magic Vs is on display at Honor's stand at Mobile World Congres in Barcelona. The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market.Arjun Kharpal | CNBCHonor, a spin-off of Chinese technology giant Huawei, said on...
Sam Altman’s back. Here’s who’s on the new OpenAI board and who’s out
Sam Altman (L), US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, and the company's co-founder and chief scientist Ilya Sutskever, speak together at Tel Aviv University in Tel Aviv on June 5, 2023.Jack Guez | Afp |...
Binance warned VIP customers about investigations, Treasury says
Binance's Co-founder and CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022.Nurphoto | Getty ImagesBinance's VIP users were granted a set of special privileges, including an early heads-up from the crypto exchange if they...
In OpenAI fallout, open source AI could be among the big tech winners
The Hugging Face website on a laptop arranged in New York, US, on Thursday, Aug. 17, 2023. Nvidia announced a partnership with Hugging Face, a popular developer of AI models and data sets, that will add a training service to its website that uses Nvidia DGX Cloud,...
What’s next for Binance after DOJ settlement, departure of Changpeng Zhao
Binance's Co-founder & CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022. Ben Mcshane | Sportsfile | Getty ImagesOutflows from Binance have amounted to more than $1 billion in the past 24 hours, not including...
Some OpenAI customers are thinking about switching to rivals amid chaos
Jaap Arriens | Nurphoto | Getty ImagesWhen there was a companywide protest at OpenAI after its CEO Sam Altman was ousted, software startup CEO Arjun Bansal began fielding increased calls from customers asking for help to lessen their use of OpenAI's GPT large language...
AI is giving Big Tech ‘inordinate’ power, tech execs say
Tech execs have voiced concern that the development of artificial intelligence is concentrated in the hands of too few companies, potentially giving them excessive control over the rapidly evolving technology.An explosion of interest in AI was sparked by OpenAI's...
Jack Ma halts plans to cut his Alibaba (BABA) stake after shares drop
Founder of Alibaba Group Jack Ma.Wang He | Getty Images News | Getty ImagesAlibaba founder Jack Ma held off on plans to trim his stake in the Chinese e-commerce giant after the share price fell.Ma has not sold a single share, Alibaba's Chief People Officer Jane Jiang...
OpenAI brings Sam Altman back as CEO days after ouster
Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023.SeongJoon Cho | Bloomberg | Getty ImagesSam Altman will return as CEO of OpenAI, the startup said early Wednesday morning on X, formerly known as Twitter. The...
Microsoft preparing San Francisco offices for OpenAI employees, even as chaos lingers
A pedestrian walks by a sign at a LinkedIn office on July 26, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesThe status of OpenAI is uncertain at the moment. But Microsoft wants the startup's employees to know they still have a home.The company has...
Nvidia (NVDA) Q3 earnings report 2024
Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street's predictions. But the company called for a negative impact in the next quarter because of export restrictions affecting...
Changpeng Zhao speaks after DOJ plea deal, names Richard Teng new Binance CEO
Binance founder and CEO Changpeng Zhao pleads guilty to felony charges Tuesday related to his failure to prevent money laundering on the crypto exchange platform.King 5 News SeattleAfter pleading guilty to federal criminal charges and stepping down from his post as...
Binance CEO Changpeng Zhao to plead guilty to federal charges, step down
Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Benjamin Girette | Bloomberg | Getty ImagesBinance chief Changpeng Zhao will plead guilty to criminal charges and step...
Cryptocurrencies dip as investors digest regulatory updates from Binance, Kraken
Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy.Antonio Masiello | Getty ImagesCryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory...
X sues Media Matters over report about ads appearing next to Nazi posts
CEO of Tesla Elon Musk says he confronted fellow billionaire Bill Gates about whether he was shorting Tesla's stock. Musk is seen here at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party on April 7, 2022.Suzanne Cordeiro | AFP | Getty ImagesElon...
Microsoft exec says OpenAI employees can join with same compensation
Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023.Dan DeLong | MicrosoftMicrosoft CTO Kevin Scott on Tuesday offered to match compensation for...
Bezos ‘aggressive’ again Tuesday selling more Amazon stock: Sources
Emma McIntyre | Getty Images Entertainment | Getty ImagesJeff Bezos is expected to be "aggressive" in selling more shares of Amazon on Tuesday, sources told CNBC's David Faber.Bezos may sell as many as 8 to 10 million shares, which would amount to more than $1 billion...
Amazon sued by three employees who allege gender discrimination
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021.Chona Kasinger | Bloomberg | Getty ImagesThree Amazon staffers sued their employer on Monday alleging gender...
Look inside this startup’s self-propelled RV as camping goes electric
The $50 billion travel trailer industry is finally hitching up to the electric vehicle ecosystem. Legacy companies such as Winnebago and newcomers such as Lightship and Pebble Mobility are not only electrifying their systems, but they are also changing the vehicle...
X, Snap and Discord subpoenaed by lawmakers about child exploitation
Linda Yaccarino, CEO of X, speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel in Dana Point, California, on Sept. 27, 2023.Jerod Harris | Getty Images Entertainment | Getty ImagesLawmakers said Monday that they have issued...
Nvidia stock closes at all-time high, a day before earnings
Shares of Nvidia closed up 2.3% at an all-time high, topping $504 on Monday. The record comes ahead of the company's fiscal third-quarter results on Tuesday, when analysts are expecting to see revenue growth of over 170%.If that's not astounding enough, the company's...
Barry Silbert sells CoinDesk to ex-NYSE president
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBCAfter months on the market, crypto news site CoinDesk has finally been acquired by a business that's run by the former president of the New York Stock Exchange. Bullish, a digital asset...
Biden joins Meta’s Threads after White House rebukes Elon Musk
U.S. President Joe Biden looks on, as he meets with Mexican President Andres Manuel Lopez Obrador (not pictured) on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S. November 17, 2023.Kevin Lamarque | ReutersThe...
Microsoft CEO Satya Nadella says OpenAI governance needs to change
Microsoft CEO Satya Nadella told CNBC's Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing of CEO Sam Altman."At this point, I think it's very clear that something has to change around the governance,"...
HP, Dell and others to make hardware in India under incentive plan
Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India, on Wednesday, June 1, 2022. Chinas Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in...
Plaid taps Adyen executive to lead its European operations
Plaid's new head of Europe, Brian Dammeir.PlaidU.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company told CNBC exclusively.Dammeir was previously Adyen's global head of unified commerce, a role he...
Hundreds of OpenAI employees threaten to follow Altman to Microsoft unless board resigns, reports say
Sam Altman, CEO of OpenAI, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California, on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesHundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, have...
Tech experts react to a chaotic weekend for OpenAI and Microsoft
OpenAI CEO, Sam Altman & and Microsoft CEO, Satya Nadella.Hayden Field | CNBCThe past few days have been chaotic for the AI industry, with technology experts weighing what this could mean for the nascent sector and some of its key players.OpenAI, the company...
Former OpenAI CEO Sam Altman returns to headquarters for talks following his abrupt ouster
Sam Altman, CEO of OpenAI participates in the "Charting the Path Forward: The Future of Artificial Intelligence" at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty...
Who is Emmett Shear, the new OpenAI CEO taking over from Sam Altman?
LISBON, PORTUGAL - NOVEMBER 07: LISBON, PORTUGAL - NOVEMBER 07: Emmett Shear, Twitch, on the Contentmakers 1 Stage Stage during day two of Web Summit 2018 at the Altice Arena on November 7, 2018 in Lisbon, Portugal. In 2018, more than 70,000 attendees from over 170...
Cruise CEO and founder Kyle Vogt resigns
Cruise founder and CEO Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors, according to a company statement sent to CNBC on Sunday.Jordan Vonderhaar | Bloomberg | Getty ImagesCruise CEO and co-founder Kyle Vogt has resigned...
Mastercard partners with Feedzai to detect and tackle crypto fraud
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Joan Cros Garcia - Corbis | Corbis News | Getty ImagesMastercard...
Ousted OpenAI head Sam Altman to lead Microsoft’s new AI team, CEO Nadella says
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023.Carlos Barria | ReutersFormer OpenAI CEO Sam Altman will be joining Microsoft to lead a new advanced AI research team,...
OpenAI is hiring former Twitch chief Emmett Shear as CEO
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016.David Paul Morris | Bloomberg | Getty ImagesOpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence...
OpenAI executive shakeup raises concerns about future of AI
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023.Carlos Barria | ReutersA wide swath of Silicon Valley has hitched its hopes and fortunes over the past few years to the kind...
Read the full memo to employees
OpenAI chief operating officer Brad Lightcap addressed the firing of CEO Sam Altman in a brief message to employees on Saturday.Lightcap wrote in the memo, obtained by CNBC, that everyone was taken by surprise and that he's had many conversations with the board to try...
Musk threatens ‘thermonuclear lawsuit’ against media watchdog, calls advertisers ‘oppressors’
Elon Musk lashed out at large advertisers and Media Matters, a media watchdog group, on Friday after several major brands decided to pause spending on X, the social media platform he owns and runs as CTO.Musk wrote late Friday night, "The split second court opens on...
Sam Altman’s last days as OpenAI CEO gave no indication of trouble
Sam Altman, Chief Executive Officer of OpenAI, and Mira Murati, Chief Technology Officer of OpenAI, speak during The Wall Street Journal's WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty ImagesSam Altman's...
Facebook-parent Meta breaks up its Responsible AI team
Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesMeta has disbanded its Responsible AI division, the team dedicated to...
OpenAI investors push to bring Altman back as CEO day after ouster
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesOpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people...
OpenAI’s structure left Sam Altman vulnerable. Now he’s out
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Leah Millis |...
Here’s who’s on OpenAI’s board — the group behind Sam Altman’s ouster
On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. The announcement came one day after he appeared publicly on behalf of his company at Thursday's APEC CEO Summit.OpenAI's board said it...
Tech stocks wrap up strongest three-week rally since April 2020
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023.I-Hwa Cheng | Bloomberg | Getty ImagesTech investors are marching towards Thanksgiving with plenty of holiday cheer.The Nasdaq rose 2.4% this week, bringing its three-week gains to...
Apple, Disney, Warner, Paramount Global and Lionsgate pause advertising on X
Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week at Apple Park in San Francisco, California, on November 17, 2023.Andrew Caballero-Reynolds |...
OpenAI says Sam Altman exits as CEO after board loses confidence
Sam Altman, Chief Executive Officer of OpenAI, and Mira Murati, Chief Technology Officer of OpenAI, speak during The Wall Street Journal's WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023. Patrick T. Fallon | Afp | Getty ImagesOpenAI's board of...
White House blasts Elon Musk for promoting antisemitic, racist ‘hate’
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty ImagesThe White House on Friday...
Amazon cuts ‘several hundred’ jobs in Alexa division
The Amazon Echo Show 8 smart-home device is unveiled during the Amazon Devices and Services event at the HQ2 campus in Arlington, Virginia, US, on Wednesday, Sept. 20, 2023. Amazon.com Inc. previewed a push into generative artificial intelligence with new features for...
E-bike firm Cowboy targets full-year profitability next year
The Cowboy Cruiser.CowboyCowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship.Adrien Roose, Cowboy's CEO and co-founder, told CNBC that he expects the company to...
Germany approves financial reforms to boost its tech industry
BERLIN, GERMANY - NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional...
Ex-Meta staffers sell trust and safety tech during Israel-Hamas war
People using their mobile phones outside the offices of Meta, the parent company of Facebook and Instagram, in King's Cross, London.Joshua Bratt | Pa Images | Getty ImagesLauren Wagner knows a lot about disinformation. Heading into the 2020 U.S. presidential election,...
Alibaba sheds $20 billion in market cap as cloud spinoff scrapped
Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business.Bloomberg | Bloomberg | Getty ImagesChinese e-commerce giant...
Amazon says employees may risk promotion if they ignore RTO mandate
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is dialing up the pressure on corporate employees who haven't complied with the...
IBM stops advertising on X after report says ads ran by Nazi content
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Sunak convened this week's AI summit in an effort to position...
Google CEO Sundar Pichai compares AI to climate change at APEC CEO Summit
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California.Anna Moneymaker | Getty ImagesGoogle CEO Sundar Pichai said artificial intelligence is like climate change...
Singapore to pilot wholesale central bank digital currencies in 2024
Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17.Lionel Ng | Bloomberg | Getty ImagesSINGAPORE — Come 2024, Singapore will pilot...
Mastercard says wide adoption of CBDCs would be ‘difficult’ right now
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Joan Cros Garcia - Corbis | Corbis News | Getty ImagesSINGAPORE...
Microsoft is bringing its Copilot chatbot to Windows 10
Microsoft CEO Satya Nadella speaking with CNBC on Nov. 15th, 2023.CNBCMicrosoft said Thursday it will soon start testing the Copilot chatbot in an update to the widely used Windows 10 operating system.Microsoft on Oct. 31 started rolling out an update that features...
Amazon to let dealers sell cars on its site, starting with Hyundai
Attendees view a Hyundai vehicle during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023.Stephanie Keith | Bloomberg | Getty ImagesAmazon next year will allow auto dealers to sell cars through its site, starting...
Elon Musk calls antisemitic tweet ‘the actual truth’
Tesla, SpaceX, and X Corp. leader Elon Musk issued a spate of arguably bigoted tweets on Wednesday that spurred a critical backlash online.First, Musk drew attention to and agreed with an antisemitic conspiracy theory, and then directly accused "Jewish communities,"...
Cisco stock falls 12% on guidance
Cisco's Chairman and CEO Chuck Robbins.Chesnot | Getty Images News | Getty ImagesCisco shares slid 12% Thursday morning, putting shares on pace for the worst day since May 19, 2022 when the stock slipped 13.7%.The fall comes a day after the company reported its...
How to use Google Shopping to find gifts for people this holiday season
Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesGoogle announced Thursday new artificial intelligence tools that can help you with holiday shopping. So, if you're...
Mom and pop shops cut software spending, creating Wall Street jitters
Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he's looking for ways his company can save money. One main area for cuts: software.Martin started the Seattle-based company with his brother, Brenden, to help local...
Alibaba Q2 2023 earnings for September quarter
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg | Getty ImagesChinese e-commerce giant Alibaba on Thursday reported quarterly profit that missed market expectations and said...
Cruise is taking all its vehicles off public roads
Kyle Vogt, chief executive office and chief technology officer of Cruise Automation Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesCruise, General Motors' embattled...
Microsoft CEO Nadella says company isn’t focused on China domestically
Microsoft CEO Satya Nadella speaking with CNBC on Nov. 15th, 2023.CNBCMicrosoft is not focused on China as a domestic market, though the company has notable Chinese customers with operations outside the world's second most-populous country, CEO Satya Nadella said on...
Cisco (CSCO) Q1 earnings report 2024
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast...
Solana surges amid altcoin rally, nearly triples its price over the past month
The logo of cryptocurrency platform Solana.Jakub Porzycki | NurPhoto via | Getty ImagesThe price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood.Solana was last higher by...
Microsoft announces new AI features for Outlook, PowerPoint, Teams
Satya Nadella, CEO of MicrosoftCNBCMicrosoft on Wednesday announced a slew of new capabilities coming to the Copilot artificial intelligence add-on for its Microsoft 365 productivity applications.In the year since Microsoft-backed OpenAI introduced the popular ChatGPT...
Microsoft reveals Maia AI processor and Cobalt Arm-based chip
Microsoft unveiled two chips at its Ignite conference in Seattle on Wednesday.The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. The second, a Cobalt 100 Arm chip, is aimed at general...
Apple iPhone 14 gets another free year of satellite Emergency SOS
Apple SOS Assistance.Source: Apple Inc.Apple on Wednesday announced it is granting iPhone 14 users an additional free year of its safety service Emergency SOS via satellite.Emergency SOS via satellite allows users to text emergency services even if they are outside of...
Amazon pitches Astro robot as security guard for business
Astro for Business is aimed at retailers, manufacturers, and other industries as a security guard that can patrol for break-ins and other threats.AmazonAmazon has a new job for its Astro robot: A roving security guard in stores to detect break-ins and other...
Google Maps can now suggest when to leave for Thanksgiving
Gmvozd | E+ | Getty ImagesGoogle Maps is launching new features and issuing tips on when to travel during the holiday season to cut down on stress and travel time, according to blog posts from Wednesday morning.The travel advice is based on data from last year's...
Sonic the Hedgehog owner Sega may bring Yakuza, Persona to big screen
Still from Paramount's "Sonic the Hedgehog 2."ParamountAfter Sega's blockbuster adaptation of its classic Sonic the Hedgehog gaming franchise on the big screen, the company suggested it wants to replicate that success with other hit video games in its arsenal.Speaking...
Google pays Apple 36% of Safari search revenue: Sundar Pichai
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Mandel Ngan | AFP | Getty...
X being ‘overrun by trolls and lunatics’ after Musk takeover: Wikipedia founder
LISBON — Wikipedia founder Jimmy Wales slammed X, formerly known as Twitter, after its takeover by Elon Musk, saying the social media service is losing users and has been "overrun by trolls and lunatics."The comments continue a war of words between the two...
IMF says central bank digital currencies can replace cash
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesSINGAPORE — Central bank digital currencies have the potential to replace cash,...
Snap shares jump on advertising deal with Amazon
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021.Michael Nagle | Bloomberg | Getty ImagesSnap shares rose 8% on Tuesday after the company confirmed a deal...
Airbnb acquires AI startup for just under $200 million
LOS ANGELES, CA - NOVEMBER 17: Airbnb CEO Brian Chesky speaks onstage during "Introducing Trips" Reveal at Airbnb Open LA on November 17, 2016 in Los Angeles, California. (Photo by Mike Windle/Getty Images for Airbnb)Mike Windle | Getty Images Entertainment | Getty...
Apple gets 36% of Google search revenue from Safari: Alphabet witness
Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023.Jose Luis Magana | APGoogle pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies' search...
Why the U.S. has lost thousands of high-skilled workers to Canada
As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. "The highly educated foreign national is really at the mercy of...
Why oil companies Shell and BP are building solar on farmland
At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock's shepherd, Amanda Stoffels, watches over it as the sheep munch on the grass and nap in the shade provided by the panels.Stoffels owns...
British fintech Wise reports 234% jump in profit
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish fintech firm Wise nearly quadrupled pre-tax profits in its half-year results out on Tuesday, citing a boost from higher interest rates.Wise reported...
Net profit jumps 11%, beats estimates
Hon Hai Group's headquarters, in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesApple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts' expectations despite...
GoCardless considers takeovers amid payments industry consolidation
Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal.Harry Murphy | Sportsfile | Getty ImagesGoCardless, the British fintech company backed by Alphabet's venture capital fund GV, is considering more mergers...
Amazon cuts more than 180 jobs in gaming division
Jakub Porzycki | Nurphoto | Getty ImagesAmazon on Monday announced it will cut more than 180 jobs in its Amazon Games division as it refocuses its efforts on Prime Gaming, according to an internal company memo viewed by CNBC.The company will close its Game Growth and...
Salesforce appoints longtime executive Denise Dresser as Slack CEO
Newly appointed Slack CEO Denise Dresser, Rocket Mortgage Chief Marketing Officer Casey Hurbis and Boston Consulting Group Managing Director and Partner Shilpa Sharma speak during Vox Media's Code Conference in Beverly Hills, California, on Sept. 7, 2022.Randy...
Xiaomi claims a record $3.11 billion in Singles Day sales
YICHANG, CHINA - OCTOBER 29, 2023 - Customers experience Mi 14 series phones at a Xiaomi store in Yichang, Hubei province, China, Oct 29, 2023. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone and consumer...
How to use Apple Watch to calculate tip and split the check
Your Apple Watch can help you calculate the tip and split a check at a restaurant with just a few taps.The feature is built right into the calculator app, and all you need to do is enter the amount of the check, the percentage you want to tip, and the number of people...
Nvidia unveils H200, its newest high-end chip for training AI models
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023.Walid Berrazeg | Lightrocket | Getty ImagesNvidia on Monday unveiled the H200, a graphics processing unit...
Aether Biomedical, bionic hand startup, gets $5.8 million to scale
Andrew Hitz with the Zeus hand.Courtesy of Aether BiomedicalIn 2011, Jeremy Schroeder was driving a four-wheeler near Sherwood, Ohio, when he crashed into a stop sign he hadn't seen as the stone path suddenly turned to asphalt. The sign left a deep gash in Schroeder's...
SpaceX worker injuries rise as Elon Musk accelerates Mars mission: Report
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSpaceX employees have put their lives on the line to meet the...
The rapid rise of Elon Musk’s Starlink satellite internet business
Elon Musk's SpaceX is known for its frequent launches, which now dominate the space industry. But the satellites that the rockets send to space are just as important for the company as the launches. Starlink is SpaceX's answer to providing global, high-speed internet...
Ripple CEO says SEC has lost sight of mission to protect investors
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023.Joseph Nair | Bloomberg | Getty ImagesThe CEO of blockchain company Ripple has some strong words for the U.S. Securities...
Shares of ed-tech company 2U plummet almost 60%, falling below $1
Shares of online education company 2U plummeted about 60% on Friday, falling below $1, after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital programs to students, posted a net loss...
Prenuvo offers $2,500 full-body MRI scans that can detect cancer early
Prenuvo MRI machineCourtesy of PrenuvoWhile celebrating the July Fourth holiday last year on a boat in Tyler, Texas, Dr. Julianne Santarosa received the results from her full-body MRI scan. What she saw put a damper on the festivities.Radiologists at Prenuvo, which...
Trade Desk shares fall 19% on lower guidance
Jeff Green, CEO of The Trade DeskScott Mlyn | CNBCShares of digital ad company The Trade Desk fell 19% Friday morning, a day after the company reported third-quarter results and issued weak revenue guidance.The company estimates revenue of at least $580 million during...
Amazon top Fresh exec says store reopenings part of grocery revamp
Amazon Fresh store in Los Angeles neighborhood of Woodland HillsAnnie PalmerIn February, Amazon CEO Andy Jassy said his company was hitting pause on opening up new Fresh supermarkets and Go convenience stores while closing some underperforming locations.It was all...
Meta lets Amazon users buy on Facebook, Instagram without leaving apps
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta doesn't want you to leave its popular mobile apps when making that impulse Amazon...
Apple will pay $25 million in DOJ discrimination settlement
Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023.Anna Moneymaker | Getty ImagesApple will pay $25 million in back pay and civil...
ICBC, the world’s biggest bank, hit by ransomware cyberattack
A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China.VCG | Getty ImagesThe U.S. financial services division of Chinese bank ICBC was hit with a cyberattack that reportedly disrupted the trading of...
Unity (U) Q3 earnings report 2023
Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBCUnity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.Here's how the company did:Earnings:...
Tesla stock drops 5% after HSBC calls it a ‘very expensive auto company’
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023.Tingshu Wang | ReutersTesla shares closed down about 5% on Thursday at $209.98 after HSBC Global initiated coverage with a "reduce" rating and a $146 price...
Trade Desk shares plunge 30% on weak guidance tied to auto strikes
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts' estimates.Third-quarter results topped...
Microsoft restricts employee access to OpenAI’s ChatGPT
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. OpenAI CEO Sam Altman delivered the keynote address at the first ever Open AI DevDay conference.Justin Sullivan | Getty ImagesMicrosoft has invested...
PDD’s Temu grows at record pace in Asia, overtaking Shein in app stores
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesChinese low-cost retailer Temu is dominating app stores in Japan and South Korea in its category, dethroning...
Google employees typically work longer than eight hours a day: Memo
David Paul Morris | Bloomberg | Bloomberg | Getty ImagesWhen a Google employee asked the company if he could organize his work schedule to work fewer hours on more days, a human resources representative responded saying the average Google employee works more than a...
China’s SMIC posts a 80% drop in third-quarter profit
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesChina's...
Former Apple designers at Humane launch hands-free AI-powered pin
Humane, a five-year-old artificial intelligence startup founded by former Apple designers Imran Chaudhri and Bethany Bongiorno, announced its first product on Thursday — a $699 pin you wear on your lapel.The Humane AI Pin is designed to replace your smartphone,...
OpenAI says ChatGPT downtime caused by targeted DDoS attack
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesChatGPT, OpenAI's viral chatbot, is experiencing outages caused by a targeted attack, according to an OpenAI spokesperson. As...
How to track flight price changes with Google Flights
Airplanes from United and JetBlue populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesGoogle can help you save money ahead of the holiday travel season. You can follow the price of airfare with Google Flights...
GM’s Cruise lays off contractors after suspending self-driving cars
Kyle Vogt, chief executive office and chief technology officer of Cruise Automation Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesCruise announced a round of layoffs...
Bitcoin tops $37,000 for the first time since May 2022 as optimism about a forthcoming ETF builds
Bitcoin has had a strong start to the year with the cryptocurrency seeing a huge rally.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rose to a new high for 2023 on Thursday as optimism around a potential bitcoin ETF approval continued to build.The price of the...
Bitcoin tops $37,000 for the first time in six months as optimism about a forthcoming ETF builds
Bitcoin has had a strong start to the year with the cryptocurrency seeing a huge rally.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin rose to a new high for 2023 on Thursday as optimism around a potential bitcoin ETF approval continued to build.The price of the...
How Arm gained chip dominance with Apple, Nvidia, Amazon and Qualcomm
Behind the scenes of every chipmaker, there's a set of instructions that dictates how their products will function. Over the last three decades, Arm has become the dominant company making this chip architecture, and it powers nearly every smartphone today. Apple bases...
Microsoft launches GitHub Copilot Enterprise to help with private code
Microsoft-owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code.The launch might help Microsoft boost revenue in its cloud business segment by...
Snap conducts a small round of layoffs to its product team
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.Benoit Tessier | ReutersSnap has...
SEC’s Gensler says rebooted FTX is possible if done ‘within the law’
SEC Chair Gary Gensler mocks putting a gun to his head in response to a "Blazing Saddles" reference by Rep. Emanuel Cleaver, D-Mo., during the House Financial Services Committee hearing titled "Oversight of the Securities and Exchange Commission," in Rayburn Building...
UK’s Ofcom outlines tough guidelines under new online safety rules
Sebastien Bozon | AFP | Getty ImagesBritish media watchdog Ofcom on Wednesday issued new guidance to technology platforms requiring them to take tougher action against harmful and illegal content.Ofcom is hoping to get digital giants like Google, Apple, Meta, Amazon...
Arm earnings report Q2 2024
Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023.Brendan Mcdermid | ReutersSemiconductor technology company Arm reported its first post-initial public offering earnings on Wednesday that beat Wall...
SoftBank earnings Q2 FY 2023
SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation.Tomohiro Ohsumi | Getty ImagesSoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.Here's how SoftBank did in the...
29% drop in profit for Japanese tech giant
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor...
OpenAI’s ChatGPT back online after ‘major’ outage
ChatGPT can be a helpful job-hunting tool, if used correctly, according to career coach Sarah Doody.Sopa Images | Lightrocket | Getty ImagesChatGPT, OpenAI's viral chatbot is back online after experiencing a brief but major outage Wednesday morning.The chatbot began...
GM’s Cruise is recalling 950 robotaxis after pedestrian collision
Cruise, the autonomous vehicle venture owned by General Motors, has issued a recall effecting 950 of its robotaxis following a pedestrian collision in San Francisco last month.Previously, the company had grounded all of its driverless operations following the Oct. 2...
Take-Two shares rise on new Grand Theft Auto anticipation
Strauss Zelnick, CEO of Take Two Interactive.Adam Jeffery | CNBCTake-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the...
HSBC to launch custody services for tokenized securities
HSBC is the largest bank in Europe by total assets.Nicolas Economou | Nurphoto | Getty ImagesHSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution to embrace digital assets.HSBC is...
Roblox (RBLX) Q3 earnings 2023
Rafael Henrique | Lightrocket | Getty ImagesShares of Roblox popped 12% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth.Here's how the company did:Loss per share: 45 cent...
Health AI startup Cercle debuts with backing from Sheryl Sandberg
Sheryl Sandberg, former COO of Facebook, at Vanity Fair's 6th Annual New Establishment Summit.Matt Winkelmeyer | Getty ImagesA new health tech startup called Cercle launched Wednesday and announced major global partners and investors, including Meta's former COO...
TikTok owner ByteDance offers employees buyback option at higher price
TikTok logo is displayed on the screen of a smartphone.Sheldon Cooper | Sopa Images | Lightrocket | Getty ImagesChinese technology giant ByteDance is offering to buy back stock options from employees at a higher price than earlier this year, in a bid to boost...
Samsung launches generative AI model made for devices
Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Joan Cros | Nurphoto | Getty ImagesSamsung Electronics on Wednesday introduced a new generative artificial intelligence model, hinting that...
Amazon beefs up Prime loyalty program with One Medical discount
Amazon beefs up Prime membership with discount to One MedicalAmazonAmazon is beefing up its mainstay Prime subscription program with a new benefit that gives members access to discounted One Medical memberships.The company announced Wednesday that Prime members will...
Nintendo to make The Legend of Zelda movie after Mario success
Link figurine from Legend of Zelda with shop staff inside Nintendo Tokyo store in Shibuya.Sopa Images | Lightrocket | Getty ImagesNintendo said Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters, as the gaming...
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
A different kind of ATM is setting up shop in your local convenience store.These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash.Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of...
Google’s Waze will now warn you about roads prone to car accidents
Google's traffic navigation app Waze will now warn you when you are driving on a road with a history of crashes, the company announced Tuesday.The feature will alert drivers that they are approaching an accident-prone area before they reach that section of the route....
Group of Google contractors who work on Search and Bard win union vote
Workers stand outside the Google offices after walking out as part of a global protest over workplace issues, in London, England, on Nov. 1, 2018.Toby Melville | ReutersA group of Google contractors, some of whom have worked on Search and Google's artificial...
Microsoft closes at all-time high on fresh OpenAI-related optimism
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft ended Tuesday's trading session at a record high of $360.53, following fresh optimism about growth from a key partner in...
Meta failed to act to protect teens, second whistleblower testifies
Arturo Bejar, former Facebook employee and consultant for Instagram, testifies before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law during a hearing to examine social media and the teen mental health crisis, Tuesday, Nov. 7, 2023, on Capitol...
Salesforce CEO says Dreamforce is staying in San Francisco
Marc Benioff, chief executive officer of Salesforce.com Inc., speaks during a keynote at the 2023 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 12, 2023. Benioff said new product features, including those powered by artificial intelligence,...
Datadog earnings boost stock, company gives strong guidance
Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on Aug. 3, 2023.DatadogShares of cloud monitoring software firm Datadog surged nearly 30% in Tuesday trading after the company reported stronger-than-expected...
How to switch from passwords to passkeys
A password sign is seen on a keyboard in Ankara, Turkey on October 26, 2017.Aytac Unal | Anadolu Agency | Getty ImagesThere's a safer way to log in to apps and websites that removes the need to use passwords. It's called a passkey, and companies such as Microsoft,...
WeWork, which filed for bankruptcy, one of London’s biggest tenants
TikTok's London office is based out of a WeWork building in Holborn called Aviation House.WeWorkWeWork, the U.S. office rental startup, filed for Chapter 11 bankruptcy, threatening office closures across the U.S. where it has become a major destination for tech...
Uber earnings report Q3 2023
CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported third-quarter results Tuesday...
Microsoft CEO Nadella makes surprise appearance at OpenAI event
OpenAI CEO, Sam Altman & and Microsoft CEO, Satya Nadella.Hayden Field | CNBCMicrosoft CEO Satya Nadella made a surprise appearance at OpenAI's developer conference on Monday with a message: Come build with us. "Our job No. 1 is to build the best system, so that...
Cruise confirms robotaxis rely on human assistance every 4 to 5 miles
This Cruise in San Francisco seemingly could not figure out how to pull aside on a narrow street to let a buss pass.Matt Rosoff, CNBCCruise CEO and founder Kyle Vogt posted comments on Hacker News on Sunday responding to allegations that his company's robotaxis aren't...
AI negotiates legal contract without humans involved for first time
Mathisworks | Digitalvision Vectors | Getty ImagesIn a world first, artificial intelligence demonstrated the ability to negotiate a contract autonomously with another artificial intelligence without any human involvement.British AI firm Luminance developed an AI...
Samsung, SK Hynix signal the memory chip slump may have bottomed out
A technician holds a semiconductor wafer at a manufacturing plant.Ponywang | E+ | Getty ImagesThe recent earnings calls of the world's two largest memory chipmakers signaled that weak demand may have finally bottomed out.Samsung's operating profit in the third quarter...
WeWork files for bankruptcy
The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned US regulators that it is worried about its survival. Citing financial losses, cash...
Here’s how much WeWork founder Adam Neumann got before bankruptcy
Adam Neumann, co-founder and former chief executive officer of WeWork.Michael Nagle | Bloomberg | Getty ImagesWeWork's dizzying rise and protracted fall into Chapter 11 bankruptcy protection Monday largely hinged on one man: Adam Neumann.The former WeWork CEO founded...
Nintendo (NTDOY) earnings report Q2 2024
A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesNintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it...
OpenAI announces more powerful GPT-4 Turbo and cuts prices
Sam Altman, CEO of OpenAI, at an event in Seoul, South Korea, on June 9, 2023.Bloomberg | Bloomberg | Getty ImagesOpenAI announced its new, more powerful GPT-4 Turbo artificial intelligence model Monday during its first in-person event, and revealed a new option that...
Aleph Alpha raises $500 million to build a European rival to OpenAI
GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023.Jakub Porzycki | Nurphoto | Getty ImagesAleph Alpha, a German startup taking on Microsoft-backed...
Bumble founder and CEO Whitney Wolfe Herd to step down
DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox...
Klarna sets up UK holding company in move toward IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesBuy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that...
Google set for second antitrust trial in two months as it faces Epic
Google CEO Sundar Pichai (L), and Epic Games CEO Tim Sweeney.ReutersGoogle is headed back to court for its second antitrust trial in two months, this time in defense of its Android Play Store.While Google continues to argue against monopoly claims brought by the...
Huawei, Tencent grow in patent holdings as China fosters own tech: report
A Chinese flag flies outside a residential compound in Beijing on April 30, 2017.Greg Baker | Afp | Getty ImagesChinese companies have gained ground in global patent holdings in the cybersecurity technology sector amid growing U.S.-China tensions, according to a...
Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, others
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesMeet Grok, the first technology out of Elon Musk's new AI company, xAI.Grok, the company said, is modeled on "The...
Meta CEO Mark Zuckerberg tore his ACL while training for a competitive MMA fight
Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.Jeff Bottari | Ufc | Getty ImagesMeta CEO Mark Zuckerberg just had surgery as a result of an injury to his ACL that occurred during mixed-martial arts training.The Facebook co-founder...
Why San Francisco’s robotaxi rollout has been such a mess
Self-driving cars have flooded San Francisco streets, and many of them have no safety drivers behind the wheel.In August, two of the leading autonomous vehicle companies, General Motors-owned Cruise and Alphabet's Waymo, were granted permission to expand operations,...
Inside the courtroom when Sam Bankman-Fried found out he was guilty
Sam Bankman-Fried stands as forewoman reads the verdict to the court.Artist: Elizabeth WilliamsJust before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. You could have heard a pin drop in the courtroom as the forewoman...
Three hours were all the jury needed to convict Sam Bankman-Fried
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023.David Dee Delgado | ReutersIn Sam...
Could be 100-plus years, or mere decades
A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he'll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself.The...
Amazon founder Jeff Bezos is leaving Seattle for Miami
Emma McIntyre | Getty Images Entertainment | Getty ImagesJeff Bezos, who founded Amazon out of his Seattle garage in 1994, is leaving the city and moving to Miami to be near his parents and his space company Blue Origin.Bezos announced the decision in an Instagram...
Elon Musk says his new startup xAI will debut tech for the first time
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk said Friday that his AI company, xAI, will debut its technology on Saturday."Tomorrow, xAI will release...
Chinese Tesla rival Nio cuts 10% of workforce
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesChinese electric carmaker Nio plans to cut 10% of its workforce amid "fierce competition," CEO William Li said...
Amazon to close apparel stores in physical retail strategy shift
At 30,000 square feet, Amazon Style is smaller than traditional department stores, but offers "more than double the number of styles," according to a press release.AmazonAmazon is shuttering its brick-and-mortar apparel stores almost a year and a half after opening...
Apple now has $162 billion in cash on hand, less than last quarter
Tim Cook, CEO of Apple Inc., during an event at Apple Park campus in Cupertino, California, on Sept. 12, 2023.David Paul Morris | Bloomberg | Getty ImagesApple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report...
Block (SQ) earnings report, Q3 2023
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.Joe Raedle |...
The emails, texts, photos that could put Sam Bankman-Fried in prison
Sam Bankman-Fried was found guilty on seven charges, including wire fraud, securities fraud and money laundering, on Thursday afternoon. He could face more than 100 years in prison.Over the past month, lawyers in the criminal trial of Sam Bankman-Fried have brought...
Atlassian (TEAM) Q1 earnings report 2024
Michael Cannon-Brookes, co-CEO of Atlassian.Scott Mlyn | CNBCAtlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street's expectations.Here's how the company...
Apple lacks clear path to growth this holiday season after shrinkage
Apple CEO Tim Cook looks on during an Apple event at their headquarters in Cupertino, California, September 7, 2022.Carlos Barria | ReutersApple indicated on Thursday that investors shouldn't expect revenue growth in the December quarter, the busiest and most...
Google ends agreement with lead developer of four California campuses
Google's construction site sits idle on a Tuesday afternoon.Jennifer EliasGoogle confirmed on Thursday that the company ended its agreement with the development partner that was working on four key campus sites.Lendlease announced that Google decided to end the...
Sam Bankman-Fried found guilty on all seven criminal fraud counts
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison.Bankman-Fried, the 31-year old son of two Stanford legal scholars and graduate of Massachusetts Institute of Technology,...
Neopets plans comeback in a vastly different era of gaming
Neopets CEO Dominic Law speaking at the gamescom Asia event in Singapore. Ever since the $4 million takeover of Neopets in July, Law and his team have been on a "reactivation campaign" to draw players back to the game.Koelnmesse Pte Ltd / gamescom asiaMoving abroad...
Tesla boss Elon Musk says AI will create situation where no job is needed
Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023.Chris J. Ratcliffe | Bloomberg | Getty ImagesLONDON — Elon Musk thinks that artificial intelligence could eventually put...
Wefox raises another $55 million from Deutsche Bank and Unicredit
Wefox CEO Julian Teicke.WefoxWefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC.The company, which sells insurance plans via an...
Jurors in Sam Bankman-Fried criminal trial begin deliberations
Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023.Amr Alfiky | ReutersTwelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony...
You can control your iPhone without using your hands. Here’s how
Apple's iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023.Patrick T. Fallon | AFP | Getty ImagesYou can pay your credit card bill, browse social media and peruse food recipes on your iPhone...
Judge to stay late in Sam Bankman-Fried trial
Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, July 26, 2023.Amr Alfiky | ReutersThe government is paying for pizza and Uber rides home for the 12 jurors in lower Manhattan who will decide the fate of Sam...
Jeff Bezos urged Amazon to flood search results with junk ads: FTC
Amazon Founder and CEO Jeff Bezos speaks to the media on the company's sustainability efforts in Washington on September 19, 2019.Eric Baradat | AFP | Getty ImagesAmazon flooded its search results with irrelevant "defect" ads at the direction of Founder Jeff Bezos,...
Apple (AAPL) earnings report Q4 2023
Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company's headquarters in Cupertino, California, Sept. 12, 2023.Loren Elliott | ReutersApple will report fourth-quarter earnings after the bell on Thursday.Analysts expect...
DoorDash shares jump 16% on guidance, narrowing net loss
Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty ImagesDoorDash shares jumped over 16% Thursday, a day after the company beat Wall...
One Tesla manager thinks used cars are ‘absolutely pivotal’ for EVs
Used Tesla cars for sale at Big Motoring World's showroom in the U.K., in 2023.Chris Ratcliffe | Bloomberg | Getty ImagesUsed electric vehicles are set to play an important part in the shift to more sustainable forms of transportation, according to a manager at Elon...
Industry, civil rights, labor groups react
US Vice President Kamala Harris applauds as US President Joe Biden signs an executive order after delivering remarks on advancing the safe, secure, and trustworthy development and use of artificial intelligence, in the East Room of the White House in Washington, DC,...
Shopify (SHOP) earnings Q3 2023
An employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast...
Elon Musk told Joe Rogan he bought Twitter to stop ‘extinctionist’ mind virus
Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023.Chris J. Ratcliffe | Bloomberg | Getty ImagesElon Musk bought Twitter to save it from the "mind virus," a phrase he has used...
Amazon to unveil Affirm buy now, pay later for small business
Alain Jocard | AFP | Getty ImagesAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners that use its online store, CNBC learned exclusively.The tech giant plans to announce Thursday that its partnership with Affirm...
Palantir (PLTR) Q3 earnings
Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesShares of Palantir popped 14% in premarket trading...
Uber, Lyft pay $328 million to settle New York wage theft allegations
Uber CEO Dara Khosrowshahi is interviewed on the trading floor at the New York Stock Exchange (NYSE) in New York, August 2, 2022.Andrew Kelly | ReutersUber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully...
Revolut appoints new UK boss as it struggles to get banking license
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesEuropean fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO.Carlesi, who also worked at Deutsche Bank...
Etsy (ETSY) Q3 earnings 2023
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesShares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that...
Airbnb (ABNB) Q3 earnings report
Brian Chesky, co-founder and CEO of Airbnb, speaks during an interview with CNBC on the floor of the New York Stock Exchange, May 10, 2023.Brendan McDermid | ReutersAirbnb shares slipped about 3% in after-hours trading Wednesday after the company reported...
SolarEdge shares sink after company offers weak Q4 guidance
The SolarEdge logo is seen on a smartphone and a PC screen.Pavlo Gonchar | SOPA Images | Sipa USA via AP ImagesShares of SolarEdge tumbled over 20% in extending trading Wednesday after the solar product manufacturer reported soft guidance for its fourth quarter amid...
Qualcomm (QCOM) earnings report Q4 2023
Cristiano Amon, president and CEO of Qualcomm Incorporated, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, April 28, 2022.Brendan McDermid | ReutersQualcomm reported fiscal fourth-quarter earnings on Wednesday that...
UK to invest $273 million in Turing AI supercomputer
Bletchley Park was a codebreaking facility during World War II.GettyThe U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country's ambition to lead in the technology as it...
SBF crypto empire built on ‘pyramid of deceit,’ prosecutors argue
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City.Michael M. Santiago | Getty ImagesProsecutors in Sam Bankman-Fried's criminal fraud trial kicked off their closing argument on Wednesday, reminding...
Match Group stock plunges after decline in people paying for Tinder
The Tinder logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesMatch Group, the parent company of dating apps Tinder and Hinge, is trading at its lowest price since it spun out into a separate company from IAC in July 2020. The...
Fourth consecutive sales decline expected
Tim Cook, chief executive officer of Apple Inc., center, greets a shopper at the company's Fifth Avenue store in New York, US, on Friday, Sept. 22, 2023. Gabby Jones | Bloomberg | Getty ImagesApple is expected to post its fourth consecutive quarterly revenue decline...
Pentagon launches UFO reporting form
Mik38 | Istock | Getty ImagesThink you have evidence of a clandestine government UFO program? Now there's a form for that.The Department of Defense launched a new online tool Tuesday to report government activity related to unidentified anomalous phenomena, also known...
AMD stock jumps more than 8% on strong 2024 AI chip projections
Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), speaks during a launch event in San Francisco, California, U.S., on Wednesday, Aug. 7, 2019.David Paul Morris | Bloomberg | Getty ImagesAMD stock spiked more than 8% Wednesday, a day...
How Apple’s AI spending and deployment differ from Big Tech rivals
Since 2015, Apple has acquired more than two dozen artificial intelligence companies. They're hardly household names, among them Emotient, Laserlike, Drive.ai, AI.Music and WaveOne. But Apple engineers have embedded the procured technologies into the company's...
Orsted axes two New Jersey wind projects, takes $4 billion writedown
Mads Nipper, chief executive officer of Orsted A/S, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from...
Apple Watch blood pressure, sleep apnea and health coach planned: Report
Apple plans to introduce a new paid health service alongside a blood pressure sensor and a system for detecting sleep apnea in the Apple Watch next year, according to a report from Bloomberg Wednesday. The paid health coaching service could provide a new area for...
Microsoft 365 Copilot becomes generally available
Microsoft is primed to enjoy its next cycle of growth. On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses.The feature that appears in Word, Excel and other Office...
7% of workforce to be cut ahead of Cisco acquisition
Splunk logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo taken in Krakow, Poland on October 30, 2021. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty ImagesCybersecurity firm Splunk, set to...
China backs global AI consensus even as it clashes with US over tech
BLETCHLEY, ENGLAND - NOVEMBER 1: US Secretary of Commerce Gina Raimondo and Michelle Donelan, Secretary of State for Science, Innovation and Technology listen as Vice Minister of Science and Technology of China Wu Zhaohui speaks on Day 1 of the AI Safety Summit at...
Doximity announces DocDefender to remove doctor information online
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEDoximity, the medical website that's used by more than 80% of U.S. doctors, is now trying to protect its millions of members after a spike in harassment that started during the Covid...
LinkedIn’s new AI chatbot wants to help you get a job
A man is seen using the LinkedIn app on a mobile device and a laptop computer in this illustration photo on 17 October, 2023.Jaap Arriens | Nurphoto | Getty ImagesLinkedIn debuted an artificial intelligence-powered chatbot Wednesday that it's billing as a "job seeker...
Allstate, Allianz invest $265 million in Next Insurance
A pedestrian walks by an Allstate Insurance office on June 09, 2023 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesAllstate and Allianz are making a sizable bet on the digital transformation of the commercial insurance market with a...
Elon Musk in the UK for AI summit — here’s who’s goingf
X CEO Elon Musk leaves a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Mandel Ngan | Afp | Getty ImagesThe U.K. kicks off its landmark artificial intelligence summit on Wednesday, with political...
AMD earnings report Q3 2023
AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported third-quarter earnings on Tuesday that beat analyst expectations, though the...
Southeast Asia’s digital economy is set to hit $218 billion in 2023
Employees having a meeting in an office.Carlina Teteris | Moment | Getty ImagesSoutheast Asia's digital economies are set to reach $218 billion in total value of transactions this year, jumping 11% from a year ago despite global macroeconomic headwinds, a new report...
Sam Bankman-Fried defense rests in criminal trial, jury decision nears
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City.Michael M. Santiago | Getty ImagesFTX founder Sam Bankman-Fried's fate is now in the hands of the 12 jurors who have spent the past four weeks...
Tesla wins first U.S. Autopilot trial involving fatal crash
The logo of Tesla seen at one of its showroom.Toby Scott | LightRocket | Getty ImagesTesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other...
Microsoft releases Windows 11 2023 Update, version 23H2, with Copilot
Microsoft's Windows 11 brings the Start menu to the center of the screen.Jordan Novet | CNBCMicrosoft on Tuesday said it started rolling out the next major update to its Windows 11 PC operating system. The new version contains a chatbot called Copilot that bears some...
Google DeepMind boss hits back at Meta AI chief over ‘fearmongering’ claim
The boss of Google DeepMind pushed back on a claim from Meta's artificial intelligence chief alleging the company is pushing worries about AI's existential threats to humanity to control the narrative on how best to regulate the technology.In an interview with CNBC's...
Bitcoin could hit $150,000 by 2025, predicts Bernstein
Umit Turhan Coskun | Nurphoto | Getty ImagesThe price of bitcoin could rise to $150,000 by 2025, Bernstein said Tuesday in a note citing optimism about a bitcoin exchange-traded fund. Bernstein analyst Gautam Chhugani said the firm expects the Securities and Exchange...
SolarWinds defrauded investors about cybersecurity, SEC alleges
Cybersecurity firm SolarWinds, which was targeted by a Russian-backed hacking group in one of the worst cyber-espionage incidents in U.S. history, committed fraud and failed to maintain adequate internal controls for years prior to the hack, the Securities and...
Pinterest stock surges 18% after earnings beat, advertising outlook
The Pinterest app on a mobile phone.Andrew Harrer | Bloomberg | Getty ImagesPinterest stock rose more than 18% Tuesday after beating earnings estimates for the third quarter and assuaging concerns over potential ad revenue loss due to the Israel-Hamas war.The company...
Alibaba launches upgraded AI model to challenge Microsoft, Amazon
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersAlibaba on Tuesday launched the latest version of its artificial intelligence model, as the Chinese technology giant looks to compete with U.S....
Sam Bankman-Fried has one more shot at avoiding prison as trial wraps
FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty ImagesSam Bankman-Fried, who pleaded not guilty to criminal fraud charges tied to the collapse of...
PSMC, SBI Holdings to build a $5.3 billion chip factory in Japan
Mailsonpignata / 500Px | 500Px | Getty ImagesTaiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) and Japanese financial conglomerate SBI Holdings have chosen a site in northern Japan for an 800 billion yen ($5.3 billion) chip manufacturing plant, the two...
What you need to know about UK AI summit: Attendees, agenda, and more
British Prime Minister Rishi Sunak delivers a speech on artificial intelligence at the Royal Society, Carlton House Terrace, on Oct. 26, 2023, in London.Peter Nicholls | Getty Images News | Getty ImagesThe U.K. is set to hold its landmark artificial intelligence...
Pinterest (PINS) Q3 earnings report 2023
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.Spencer Platt | Getty ImagesPinterest reported third-quarter earnings on Monday that beat on the top and...
memory chip demand to improve in 2024
general view of visitors are seen at Samsung booth during the chinajoy 2023 at Shanghai new expo center in Shanghai, China on July 28, 2023 (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea's Samsung Electronics reported...
Apple announces new M3 chips, cuts price of entry-level MacBook Pro
Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday.Ahead of the all-important holiday shopping season, the new chips will refresh Apple's Mac lineup, which saw sales fall 7% in the June quarter in...
Tesla shares drop 5% on Panasonic battery warning
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes |...
Shares of On Semiconductor fall 20% on bad Q4 guidance
Mailsonpignata / 500Px | 500Px | Getty ImagesShares of ON Semiconductor tumbled 20% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year.ON Semiconductor said it expects to report fourth-quarter earnings...
Google CEO Sundar Pichai testifies in U.S. antitrust trial
Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023.Jose Luis Magana | APGoogle on Monday called its star witness to testify in its defense against the U.S. government's antitrust challenge of its search...
Sam Bankman-Fried blames everyone but himself in day two of testimony
FTX founder Sam Bankman-Fried leaves US Federal Court in New York City on March 30, 2023.Kyle Mazza | Anadolu Agency | Getty ImagesFTX founder Sam Bankman-Fried resumed his testimony on Monday, and used his time on the stand to blame his former close friends and...
Facebook and Instagram get ad-free subscription service in Europe
Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023.Josh Edelson | AFP | Getty ImagesMeta said on Monday it will offer an ad-free subscription option for Facebook and Instagram in...
UK confirms plans to regulate crypto industry with formal legislation
Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023.Chris Ratcliffe | Bloomberg | Getty ImagesThe U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to...
Biden unveils U.S. government’s first-ever AI executive order
President Joe Biden speaks as he meets with AI experts and researchers at the Fairmont Hotel in San Francisco, Calif., on Tuesday, June 20, 2023. Jane Tyska | Medianews Group | Getty ImagesPresident Joe Biden unveiled a new executive order on artificial intelligence —...
Standard Chartered-owned crypto firm Zodia launches in Hong Kong
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesZodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively.It marks the latest...
How to take .5 selfies — super wide-angle shots that Gen Z loves
Members of Gen Z take .5 selfies.Courtesy of Duncan Grant, Rebecca Smith, Rachel Aquino and Gabriel Lesser.When 16-year-old Riley Galfi met an artist she loves at a concert back in May, she didn't ask to take any ordinary selfie with him, she asked to take a .5...
How to delete private information from Google search results
In this illustration, a Google logo is displayed on a smartphone.Omar Marques | SOPA Images | Lightrocket | Getty ImagesIf you Google your name, address or phone number, you might be surprised by the number of results you see with your personal information. There's a...
Google commits to invest $2 billion in OpenAI competitor Anthropic
Jakub Porzycki | Nurphoto | Getty ImagesGoogle agreed to invest up to $2 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI executives, CNBC has confirmed.The commitment involves a $500 million upfront cash infusion and an additional $1.5...
Elon Musk wants your ‘entire financial life’ on X: Report
Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesX owner Elon Musk is...
Google paid $26 billion in 2021 to become a default search engine
Google CEO Sundar Pichai (L) and Apple CEO Tim Cook (R) listen as U.S. President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023.Anna Moneymaker | Getty...
Microsoft Azure outpaced AWS and Google Cloud in latest quarter
Microsoft CEO Satya Nadella, left, departs from federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesIn the high-stakes cloud-computing battle, Microsoft is outpacing its top rivals. Third-quarter results are in for most mega-cap tech...
FTX’s Sam Bankman-Fried testifies before the jury in fraud trial
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersFTX founder Sam Bankman-Fried...
Intel pops after earnings show progress toward $3 billion in savings
Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. initial public offering at the Nasdaq MarketSite in New York, Oct. 26, 2022.Michael Nagle | Bloomberg | Getty ImagesIntel stock jumped 10% in premarket trading on Friday morning after the company beat Wall...
Amazon stock up on Q3 earnings report
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty ImagesShares of Amazon jumped 5% in premarket trading Friday after the company...
Search head testifies about how young users see it
Prabhakar Raghavan, of Google Inc., speaks during the company's Cloud Next '18 event in San Francisco, California, July 24, 2018.David Paul Morris | Bloomberg | Getty ImagesAs Google fights claims that it violated antitrust law to maintain its online search dominance,...
Hertz pulls back on EV plans citing Tesla price cuts, repair costs
Hertz is pumping the brakes on plans to electrify more of its rental car fleet after EV repair costs came in higher than the company anticipated, and after Tesla price cuts reduced the resale value of the majority of electric cars in its fleet by about one-third.CEO...
Kids are attending pro-Palestinian protests on Roblox
Screenshot taken by CNBC of an experience on Roblox.Source: RobloxKids are attending pro-Palestinian protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestinian virtual protest has been visited more than 275,000 times.Videos circulating on...
Amazon advertising revenue tops $12 billion in the third quarter
BARCELONA, SPAIN - MARCH 2: The Amazon ads logo, the advertising solutions service formerly known as AMD or Amazon Marketing Services, during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto |...
AWS Q3 earnings report 2023
Adam Selipsky, Amazon Web Services CEOSource: CNBCAmazon said Thursday that its cloud unit grew revenue 12% year over year in the third quarter. Analysts had expected a more rapid performance for the world's top provider of computing and storage services delivered...
Intel (INTC) earnings report Q3 2023
Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations...
Amazon’s profit margin nears record high after CEO Jassy’s cost cuts
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow's opening night for the NHL's newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.Bruce Bennett | Getty Images Sport | Getty...
Huawei grows faster than Apple in China in Q3 after Mate 60 launch
A poster of a Mate 60 mobile phone with satellite capabilities at Huawei's flagship store in Shanghai, China, on Sept. 24, 2023.CFOTO | Future Publishing | Getty ImagesHuawei was the fastest-growing smartphone maker in China in the third quarter after the company...
Sam Bankman-Fried defense team fails to land a blow as he takes stand
Courtroom sketch showing Sam Bankman Fried questioned by his attorney Mark Cohen. Judge Lewis Kaplan on the benchArtist: Elizabeth WilliamsSam Bankman-Fried took the stand in a New York courtroom on Thursday, as he and his defense team auditioned their best legal...
Cruise pauses all driverless operations after collisions, suspensions
A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022.David Paul Morris | Bloomberg | Getty ImagesCruise, the autonomous vehicle startup owned by General Motors, has paused all of its driverless operations after collisions led to investigations, a...
Tencent-backed J&T Express fell in Hong Kong IPO debut
Courier handing over package asking female customer to do electronic signature, delivering, receiving, efficiency10'000 Hours | Digitalvision | Getty ImagesShares of Indonesia's J&T Express fell 1.33% when it went public on Friday.The logistics service provider...
Amazon (AMZN) Q3 earnings report 2023
Andy Jassy, CEO, AmazonCNBCAmazon is scheduled to report third-quarter earnings after the market close Thursday.Here are the key numbers Wall Street is watching:Earnings per share: 58 cents expected among analysts surveyed by LSEG, formerly known as RefinitivRevenue:...
PS5 is fully stocked, on track for 2023 sales record: top Sony exec
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesThe PlayStation 5 is fully stocked in stores around the world and will hit Sony's sales target of 25 million units for the year, an executive at the company told...
UK PM Rishi Sunak warns of risks of AI ahead of summit
British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on Oct. 26, 2023 in London, England.Peter Nicholls | Getty Images News | Getty ImagesBritain's Prime Minister Rishi Sunak on Thursday warned of the risks of artificial...
Meta stock down on cautious commentary about unrest in the Middle East
Shares of Meta dipped more than 6% Thursday, a day after the company released strong third-quarter results but offered cautious comments about potential ad softness due to the ongoing Israel-Hamas war.Meta reported $34.15 billion in revenue for the quarter, up 23%,...
Uber begins offering rides in self-driving Waymo cars
Passengers ride in an electric Waymo full self-driving technology in Santa MonicaAllen J. Schaben | Los Angeles Times | Getty ImagesCustomers ordering an Uber in Phoenix, Arizona, now have the option to take their ride in a fully autonomous vehicle, the company...
Google Maps update: What’s new
Google Maps Immersive viewGoogleGoogle Maps is expanding preexisting features and unveiling some new ones, according to a Thursday announcement.The company said artificial intelligence allowed for improvements to Google Maps' EV charging station feature, more specific...
Kids are attending pro-Palestine protests on Roblox
Screenshot taken by CNBC of an experience on Roblox.Source: RobloxKids are attending pro-Palestine protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestine virtual protest has been visited more than 275,000 times.Videos circulating on social...
Meta’s Reality Labs loses $3.7 billion in third quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMeta continues to push the metaverse as the future. In the present, it keeps racking up...
IBM Q3 earnings report 2023
Arvind Krishna, IBM's chair and CEO, during an interview in New York on May 1, 2023.Christopher Goodney | Bloomberg | Getty ImagesIBM shares rose 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall...
Meta widens revenue guidance range, cites Middle East unpredictability
Omar Marques | Lightrocket | Getty ImagesIn Meta's earnings report on Wednesday, the company gave guidance for the fourth quarter, with a surprisingly wide gap between the low number and the high.The $3.5 billion range ($36.5 billion to $40 billion) compares to a $2.5...
Meta’s advertising rebound gets huge assist from China despite ban
A Facebook sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019.Aly Song | ReutersMeta may be banned from operating in China, but the company is finding plenty of growth coming from the world's second-biggest economy.In...
Stellantis to invest $1.6 billion in Chinese EV start-up Leapmotor
Chinese EV maker Leapmotor launched its first car for the international markets called the C10.Arjun Kharpal | CNBCStellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as traditional automakers...
Sam Bankman-Fried’s lawyers reveal his planned testimony in FTX fraud trial
Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his FTX fraud trial.Bankman-Fried's legal team told Judge Lewis Kaplan in a six-page letter that he would address three key areas in such testimony,...
US, China lead on most valuable firms
Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012.Ed Jones | AFP | Getty ImagesFrom the U.S. to China, countries around the world are battling it out to lead on...
Apple will reportedly release a bunch of new AirPods next year
Apple AirPods MaxTodd Haselton | CNBCApple plans to release new versions of several AirPods models next year, according to a report from Bloomberg.Apple's wireless headphones business has become a moneymaker for the company and requires regular updates to keep the...
Amazon’s focus on speed, surveillance drives worker injuries
An employee looks for items in one of the corridors at an Amazon warehouse.Carlos Jasso | ReutersAmazon warehouse workers are suffering physical injuries and mental stress on the job as a result of the company's extreme focus on speed and pervasive surveillance,...
Apple subscriptions just got more expensive. Here’s how to save money
Apple raised the price of Apple TV+, Apple One and a number of its other subscription services Wednesday. If you are an existing subscriber, you will be charged the higher rates "30 days later, on your next renewal date," according to a company spokesperson.The...
Meta to report third-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesMeta is set to report third-quarter earnings after the bell Wednesday.Here...
Sam Bankman-Fried to testify in FTX fraud trial, attorney says
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersFTX founder Sam Bankman-Fried...
Apple raises price of Apple TV+ to $9.99 a month
Apple on Wednesday raised the prices for a number of its flagship services offerings, including Apple TV+, Arcade, and its bundled offering, Apple One. The move follows prior price hikes in October 2022.Apple TV+ will now cost $9.99 a month, up from $6.99. The price...
Alphabet stock down 8% on cloud miss as investors praise Microsoft
Google CEO Sundar PichaiGetty ImagesShares of Alphabet dipped about 8% Wednesday morning, a day after the company posted third-quarter earnings that missed analyst estimates for Google Cloud revenue.The company beat Wall Street expectations for both revenue and...
Microsoft stock up as Wall Street heralds strong earnings report
Microsoft CEO Satya Nadella speaks at the company's annual shareholder meeting in Bellevue, Wash, on Nov. 30, 2016.Jason Redmond | AFP | Getty ImagesWall Street analysts had high praise for Microsoft's fiscal first-quarter earnings report, both from an earnings...
Telegram removes Hamas channels on Android
The logo of the instant messaging service Telegram on a smartphone on January 20, 2022.Thomas Trutschel | Photothek | Getty ImagesTelegram, the messaging app, restricted access to channels belonging to Palestinian militant group Hamas, acting to limit the group's...
Why Exxon, Chevron are doubling down on fossil fuel energy
A Chevron gas station is shown in Austin, Texas, on Oct. 23, 2023.Brandon Bell | Getty Images News | Getty ImagesOn Monday, Chevron announced plans to acquire oil and gas company Hess for $53 billion in stock.Less than two weeks prior, Exxon Mobil announced it is...
Meta’s harmful effects on children unites Republicans and Democrats
Facebook co-founder and Meta CEO Mark Zuckerberg sits in his seat inside a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Leah Millis |...
Amazon launches European ‘sovereign’ cloud as EU data debate rages
The Amazon Web Services (AWS) logo, a subsidiary of Amazon that provides on-demand cloud computing platforms to individuals, companies, and governments, displayed during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain.Joan Cros | Nurphoto | Getty...
Apple lines up to support nationwide right-to-repair legislation
Apple expands Self Service Repair to Mac notebooks.AppleApple said on Tuesday that it supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers, the latest sign of the company's shift toward supporting independent...
Snap earnings Q3 2023
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris on June 17, 2022.Benoit Tessier | ReutersSnap shares initially soared as much as 20% in...
Wall Street wants to know how Google’s going to profit from AI
In the age of AI hype, few companies have used the word "AI" more than Google. Now, Wall Street wants know how it'll turn the hyped tech into dollars and cents.Google parent Alphabet reported its third quarter earnings Tuesday, which showed more spending on AI...
Qualcomm Snapdragon X Elite and Series 8 Gen 3 announced
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm on Tuesday announced two new chips that are designed to run AI software — including the large language...
Verizon stock soars toward its best day in almost 15 years
Verizon stock is up more than 8%, putting it on track for its best daily performance in almost 15 years.The company beat analyst expectations for both adjusted earnings per share and revenue for the third quarter, based on a survey of analysts by LSEG, formerly known...
California DMV suspends Cruise’s self-driving car permits
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersThe California Department of Motor Vehicles on Tuesday suspended Cruise's deployment and testing permits for its...
Google disables live traffic conditions on Maps in Israel and Gaza
The Google Maps app is seen on a mobile phone.Nasir Kachroo | NurPhoto | Getty ImagesGoogle is disabling live traffic conditions in Israel and Gaza on its Maps and Waze apps, a spokesperson said Tuesday. The move comes as Israel is widely anticipated to embark on a...
Microsoft (MSFT) Q1 earnings report 2024
Satya Nadella, chief executive officer of Microsoft Corp., arrives to federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will disclose its fiscal first-quarter results after U.S. market close on Tuesday.Here's what analysts...
Apple announces Oct. 30 event, new Macs expected
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference.Justin Sullivan | Getty ImagesApple sent invites on...
Meta sued by 33 state AGs for addictive features targeting kids
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesA bipartisan group of 33 attorneys general is suing Meta over addictive features aimed at kids and teens, according to a...
How to scrub personal information from Google Search
A woman passes the logo from the web search engine provider Google during the digital society festival 're:publica', at the Arena Berlin in Berlin, Germany June 9, 2022.Annegret Hilse | ReutersYou can remove your phone, email and home address from the Google Search...
Coinbase stock up 14% with Grayscale ETF ruling, court deadline loom
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesShares of cryptocurrency exchange Coinbase surged about...
Alphabet (GOOGL) earnings Q3 2023
An illuminated Google logo is seen inside an office building in Zurich, Switzerland.Arnd Wiegmann | ReutersAlphabet is set to report third-quarter earnings after the bell Tuesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly...
Bitcoin doubles for 2023, tops $35,000
Bitcoin.Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesThe price of bitcoin briefly topped $35,000 for the first time since May 2022, bolstered by positive sentiment about a bitcoin exchange-traded fund and a flight to safety that led to a spike in short...
Amazon considers offering veterinary telehealth in Walmart competition
Amazon is considering an expansion into veterinary telehealth in its latest bid to compete with Walmart, which began offering the service to Walmart+ subscribers earlier this year, people familiar with the matter told CNBC. The e-commerce giant, which has already...
Op-ed: We cannot allow AI to make Big Tech even bigger
Steve Case, Chairman and CEO of Revolution.John Chiala | CNBCPolicymakers in Washington are now engaged in a wide range of discussions regarding how to prevent AI technology from spinning out of control. But for all the focus on various dangers, we're losing sight of...
AR glasses look to challenge Meta and Apple
Xreal Air 2 in action. Xreal's augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screenXrealChinese augmented reality (AR) firm Xreal on Tuesday launched its next-generation glasses, as interest continues...
Signos raised $20 million to tackle weight loss with CGMs and data
Weight loss has always been big business, but it's exploded of late due to surging demand for Ozempic, Wegovy and other new diabetes and obesity drugs.In the first half of 2023, sales of Ozempic and Wegovy rose by 58% and 363%, respectively. That's after quarterly...
Okta hack wipes out more than $2 billion in market cap
The Okta website on a laptop arranged in Dobbs Ferry, New York, on Feb. 28, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesOkta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. The...
FTC plans to hire child psychologist to guide internet rules
Monkeybusinessimages | Istock | Getty ImagesThe Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday.FTC Chair Lina...
Intel stock drops on report Nvidia is working on an Arm-based PC chip
An exterior view of the NVIDIA headquarters in Santa Clara, California, May 30, 2023.Justin Sullivan | Getty ImagesIntel stock dropped more than 3% during trading on Monday after Reuters reported that Nvidia and AMD were working on Arm-based PC chips. Arm stock rose...
Tesla discloses DOJ probes over vehicle range, personal benefits, more
A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla's Model Y has become the world's best selling car in the first quarter of 2023. Brandon Bell | Getty ImagesIn a third-quarter financial filing out Monday, Tesla disclosed that the U.S....
VCs Andreessen, Doerr among among attendees at Schumer’s next AI forum
Andreesen Horowitz partner Marc Andreesen speaks during the Fortune Global Forum.Justin Sullivan | Getty Images News | Getty ImagesTechnologists and advocates are again set to visit Capitol Hill on Tuesday to discuss with Senate leaders the perils and promises of...
White House announces 31 tech hubs to focus on AI, clean energy and more
U.S. President Joe Biden makes a statement about the stopgap government funding bill passed by the U.S. House and Senate to avert a government shutdown at the White House in Washington, U.S., October 1, 2023. Bonnie Cash | ReutersWASHINGTON — The White House on Monday...
‘Marvel’s Spider-Man 2’ game breaks 24-hour PlayStation Studios record
Spider Man 2Source: Marvell"Marvel's Spider-Man 2" broke the record for fastest-selling PlayStation Studios game in its opening 24 hours, according to a release.Consumers purchased more than 2.5 million copies of the game, which debuted Oct. 20, breaking PlayStation...
U.S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund
A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Chloe Wang, a partner and vice-president...
Bitcoin trades above $30,000 to start the week as hopes grow over ETF
Artur Widak | NurPhoto | Getty ImagesThe price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety. Bitcoin was trading about 2.7% higher at $30,716.24, according to Coin Metrics, and...
Apple to spend $1 billion a year in AI catch-up efforts: Report
Apple CEO Tim Cook takes a dip in the crowd after the presentation of the new iPhone 15. Christoph Dernbach | Picture Alliance | Getty ImagesApple is on track to spend $1 billion per year on developing its generative artificial intelligence products, Bloomberg...
Micron building biggest chip fab in U.S. history despite China ban
Memory chips are at the center of all devices, helping store and access data in smartphones, computers and the servers training generative artificial intelligence models.Just three companies make more than 90% of the world's dynamic random-access memory, or DRAM,...
Databricks, the $43 billion AI firm, acquires Arcion for $100 million
Ali Ghodsi, co-founder and CEO of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesDatabricks has agreed to acquire Arcion, an enterprise data company, for about...
Japan investigates Google for alleged antitrust violations in search
Google app is seen on a smartphone in this illustration.Dado Ruvic | ReutersJapan's competition watchdog on Monday said it is investigating Alphabet-owned Google for alleged antitrust law violations in regards to its search practices on mobile platforms, ramping up...
Foxconn says it will cooperate with Chinese authorities on probes
Hon Hai Group's headquarters, in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesApple supplier Foxconn, officially known as Hon Hai, said it will cooperate with Chinese authorities on investigations, following a report that officials are conducting...
Web Summit CEO resigns after apologizing for Israel-Hamas war comments
Tristan Fewings | Getty ImagesPaddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his post after coming under fire for his comments on the Israel-Hamas war, leading Big Tech guests like Alphabet, Meta and Amazon to cancel...
How to use NameDrop in iOS 17 to exchange contacts by tapping iPhones
Apple NameDrop in iOS 17.AppleThe next time you are at a networking event or dinner party, you can exchange phone numbers with a new colleague or friend just by holding your iPhones near each other.The feature, known as NameDrop, became available when Apple rolled out...
Tesla stock ends the week down 15%, the worst performance of the year
Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday.It marks the worst week for Tesla stock of the year, although shares of...
Dropbox hands over 25% of San Francisco headquarters back to landlord
Drew Houston, Dropbox Co-Founder and CEO.Arun Nevader | CNBCDropbox said Friday that it's agreed to return over one quarter of its San Francisco headquarters to the landlord as the commercial real estate market continues to soften following the Covid pandemic. In a...
Okta shares fall after company says client files were accessed by hackers via its support system
The Okta logo on a smartphone.Tiffany Hagler-Geard | Bloomberg | Getty ImagesShares of cybersecurity firm Okta fell nearly 11% after the company said that an unidentified hacking group had accessed files which "certain Okta customers" had uploaded to Okta's support...
Prosecutors in SBF trial compare defense argument to ‘Dumb and Dumber’
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | ReutersProsecutors in the criminal...
Mayors descend on Washington to learn how to us AI in their cities
More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government.Courtesy of Bloomberg PhilanthropiesMore than 100 mayors descended on Washington, D.C. this week to learn how generative AI tools...
Alibaba, Tencent among investors in Zhipu, China’s OpenAI rival
An undated conceptual illustration of China's technology aspirations.Yaorusheng | Moment | Getty ImagesChinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is...
Claude AI can summarize text from PDFs for free. Here’s how to use it
Jakub Porzycki | Nurphoto | Getty ImagesYou can save time by summarizing long PDFs for free with Anthropic's Claude AI chatbot. So, the next time someone sends you a 100-page document that you don't have hours to read, you can just follow this guide and get a quick...
Bitcoin tops $30,000 on ETF optimism and flight to safety, heads for winning week
Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad.The price of the flagship cryptocurrency was...
Bezos-backed freight firm Convoy shuts down. Read CEO memo here
Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport said it will lay off about 20% of its own workforce.Seattle-based...
Meta, Apple, Google cheer FCC ruling that could spur new VR, AR apps
Meta Quest 3.Todd Haselton | CNBCThe Federal Communications Commission on Thursday agreed to open a band of spectrum for some devices in a move that could help pave the way for new applications of augmented and virtual reality wearables.The agency unanimously voted to...
PC demand is back, says Acer CEO who sees robust growth
Taiwan-based computer manufacturer Acer said that personal computer demand is rebounding, after hitting the bottom this year."We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we...
X, formerly Twitter, to launch two new subscription tiers
Rafael Henrique | Lightrocket | Getty ImagesX, the social media service formerly known as Twitter, will launch two new tiers of subscriptions for users, its owner Elon Musk said on Friday.One tier will be "lower cost with all features, but no reduction in ads," while...
Coinbase ‘confident’ a U.S. bitcoin ETF will be approved
Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company's chief legal officer, Paul Grewal, told CNBC."I'm quite hopeful that these [ETF] applications will be granted, if only because...
Public gaming companies sit on $45 billion cash hoard, Konvoy says
Gamers play the video game "Star Wars Battlefront II" during the "Paris Games Week" on Oct. 31, 2017.ChesnoPublicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188...
Netflix stock surges after earnings report, jump in subscribers
A woman starts Netflix on a TV inside her apartment.Artur Widak | NurPhoto | Getty ImagesNetflix shares surged 16% Thursday following a promising quarterly earnings report.The streaming giant reported several victories, including a 70% jump in its new ad-supported...
FCC votes to begin process of reestablishing net neutrality rules
Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC.Getty ImagesNet neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called...
Read the secret Signal messages that could help put SBF behind bars
Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch.Artist: Claudia JohnsonMuch of the government's case against Sam Bankman-Fried hinges on the testimony and text messages from those in his crypto inner circle who turned...
Discord expands online marketplace to justify $15 billion valuation
The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland on April 3, 2021.Jaap Arriens | NurPhoto | Getty ImagesTwo years ago, during the height of tech market froth, Discord was valued at $15 billion, more than doubling in a matter of...
Man sentenced to prison for tweeting to suppress votes for Trump
United States District Court for the Eastern District of New York in Brooklyn.RuaridhConnellan | Barcroft Media | Getty ImagesA Trump-supporting social media influencer was sentenced to seven months in prison for conspiring to suppress the votes of possibly thousands...
EU gives Meta, TikTok six days to provide information
TikTok and Facebook logos displayed on phone screens.Jakub Porzycki | Nurphoto via Getty ImagesFacebook parent company Meta and Chinese-owned social media app TikTok have both been given a deadline of Oct. 25 by the European Commission to share information on their...
Fintech firm Airwallex buys MexPago to expand in Latin America
Airwallex's cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li.AirwallexGlobal fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm...
NY AG sues crypto firms for alleged $1 billion fraud
Barry Silbert: founder and chief executive officer of Digital Currency Group Inc. (L), and New York Attorney General Letitia James (R).Getty Images (L) | Reuters (R)Crypto firms Digital Currency Group and Gemini defrauded more than 230,000 investors out of a...
Tesla shares sink 6% following earnings, commentary by Elon Musk
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesShares of Tesla tumbled more than 6% Thursday, a day after the...
Apple iPhone 15 sales look like they’re starting off slow in China
Customers line up to enter an Apple store as the iPhone 14 series goes on sale in Shanghai on Sept. 16, 2022.VCG | Visual China Group | Getty ImagesA month after Apple's latest iPhones came out, analysts and investors are starting to see signs of slow demand in China...
Universal Music sues Anthropic for copyright infringement over lyrics
Recording artist Katy Perry performs onstage during the Pepsi Super Bowl XLIX Halftime Show at University of Phoenix Stadium, now known as State Farm Stadium, in Glendale, Arizona, on Feb. 1, 2015.Kevin Mazur | WireImage | Getty ImagesUniversal Music has sued...
Google cuts dozens of jobs in news division
Google headquarters in Mountain View, California, on Jan. 30, 2023.Marlena Sloss | Bloomberg | Getty ImagesGoogle cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time for online platforms and publishers. An...
Chinese EV stocks fall after Tesla’s disappointing Q3 results
SHANGHAI, CHINA - APRIL 18: A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. (Photo by VCG/VCG via...
TSMC earnings report Q3 2023
A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for...
Coinbase picks Ireland as its main EU hub under MiCA crypto regulation
Chesnot | Getty Images News | Getty ImagesCryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC in an exclusive interview.Coinbase submitted its application for a license under the...
Nokia to cut up to 14,000 jobs after 69% profit plunge
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.The Finnish telecommunications giant...
Tesla (TSLA) earnings Q3 2023
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023.David A. Grogan | CNBCTesla is set to report third-quarter results after the bell Wednesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings: 73...
ChatGPT can now search web and answer with images
Sam Altman, CEO of OpenAI, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California, on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesIt's official: ChatGPT is no longer stuck in time.OpenAI, the company behind the viral...
Amazon begins delivering medications by drone in Texas
Amazon announced Friday it will soon begin making drone deliveries in College Station, Texas.AmazonAmazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post...
Top Apple analyst says MacBook demand has fallen ‘significantly’
Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty ImagesTop Apple analyst Ming-Chi Kuo said Wednesday that shipments for the company's...
X, formerly Twitter, tests charging new users $1 to tweet, retweet
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023.Chesnot | Getty ImagesX, formerly Twitter, will begin a test that charges new users $1...
Roblox tells employees they have to come to office three days a week
David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California.Ian Tuttle | Getty ImagesRoblox employees who don't want to work at the gaming company's physical office at least three days a week will...
World must add or replace 50 million miles of transmission lines: IEA
Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California's Mojave Desert at the base of Clark Mountain are viewed near Primm, Nevada, July 15, 2022.George Rose | Getty Images News | Getty ImagesThe world has...
Adobe exec David Wadhwani expresses frustration over slow deal approval
David Wadhwani, president of digital media at Adobe, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, Calif., on Oct. 17, 2023.Patrick T. Fallon | AFP | Getty ImagesAdobe executive David Wadhwani wonders whether expensive technology...
How GenZ uses technology — flip phones, digital cameras, voice memos
It's no secret that Generation Z grew up surrounded by technology, but the way these youngsters use certain features and gadgets may surprise you.Generation Z, commonly referred to as Gen Z or Zoomers, is made up of people born after 1997, according to the Pew...
Baidu’s Ernie 4.0 fails to wow investors; Citi, Jefferies keep buy ratings
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesAnalysts are bullish on Chinese tech giant Baidu's latest version of its...
ASML earnings report Q3 2023
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.Emmanuel Dunand | AFP |...
Apple supplier Foxconn to focus on specialty tech not cutting-edge chips
Apple iPhone supplier Foxconn, officially known as Hon Hai, said its semiconductor strategy is to focus on producing "specialty chips" — not competing in cutting-edge chips."We do not chase [after] the most advanced technology. Hon Hai will not compete with leading...
The secret life of Jimmy Zhong, who stole – and lost – more than $3b
Athens, Georgia, is home to the University of Georgia, and the police there are used to college town-type crimes: break-ins, bar fights and assorted rowdiness. That kind of thing.But the 911 call that came in on the night of March 13, 2019, was unlike anything the...
Israel-Hamas war is ‘biggest safety focus’ on Threads: Instagram chief
Instagram CEO Adam MosseriElizabeth Frantz | ReutersInstagram chief Adam Mosseri said in a post on Threads that the platform's "biggest safety focus" is on "managing content responsibly" around the Israel-Hamas war, adding that the platform is "getting pulled in a lot...
U.S. changing conversation around UFOs from speculation to science
Unidentified flying objects, or UFOs, have captured the imagination of Americans for decades. But much of the conversation has been confined to science fiction movies and novels. In the absence of government commentary on the topic, conspiracy theories have run...
This startup CEO claims he can completely decarbonize the cement industry
Most of the built environment today is made at least partially from concrete, making it the second most-used substance on earth after water. But making concrete emits almost as much carbon dioxide as cars, because its main ingredient, cement, is made from limestone....
Apple launches new Apple Pencil with hidden USB-C charging port
New Apple Pencil with a USB-C charging port.AppleApple on Tuesday announced a new $79 Apple Pencil with a hidden USB-C charging port that will launch in November. Prior models required users to charge by plugging the pencil into the iPad charging port.It's the...
Cruise under NHTSA probe into autonomous driving pedestrian injuries
A woman crossing a normally busy stretch of downtown San Francisco suffered serious injuries after a hit-and-run driver struck her, throwing her into the path of an oncoming driverless Cruise car, which then ran her over, according to video recorded by the autonomous...
Nvidia stock falls after U.S. announces new chip export restrictions
Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesNvidia and a number of other chipmakers saw shares fall Tuesday morning after the U.S. announced new restrictions on exports of AI chips to China.Shares of chip stocks have boomed in the last year due to the...
Microsoft games boss Phil Spencer drove $69 billion Activision deal
Phil Spencer, chief executive officer of gaming at Microsoft Corp., center, arrives to court in San Francisco on June 28, 2023.Shelby Knowles | Bloomberg | Getty ImagesWhen Phil Spencer took the helm of Microsoft's gaming division in 2014, he and newly appointed CEO...
U.S. bans export of more AI chips, including Nvidia H800, to China
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in coming weeks.The U.S. government says the new rules are intended to close loopholes that popped up after last year's...
Apple CEO Tim Cook visits China as iPhone 15 faces challenging start
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California.Justin Sullivan | Getty Images News | Getty ImagesApple CEO Tim Cook cheered on gamers at an event during a surprise visit to China, underscoring the...
Amid AI buzz, big US tech giants add $2.4 trillion in market cap
CFOTO | Future Publishing via Getty ImagesU.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel.Accel, in its annual...
Former FTX engineer tells jury about panicky rooftop meeting with SBF
Government exhibit in Sam Bankman-Fried's criminal trialSource: SDNYIn afternoon testimony Monday, former FTX engineering chief Nishad Singh told a Manhattan jury about two one-on-one meetings he held with Sam Bankman-Fried last year to discuss the dire state of the...
Snap up 12% after CEO tells employees of strong 2024 goals
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022.Benoit Tessier | ReutersSnap...
FTX top engineer says Bankman-Fried spent $1.13 billion on celebrities
Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, on Monday, Oct. 16, 2023.Yuki Iwamura | Bloomberg | Getty ImagesNishad Singh, FTX's former director of engineering, told jurors on Monday that Sam...
LinkedIn lays off nearly 700 employees — read the memo here
Microsoft CEO Satya Nadella arrives at federal court in Washington, D.C., on Oct. 2, 2023.Drew Angerer | Getty ImagesMicrosoft-owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo...
Apple’s iPhone loses top spot in China to Huawei: Analysts
Apple CEO Tim Cook delivers remarks during an Apple special event in Cupertino, California, on Sept. 12, 2023.Justin Sullivan | Getty ImagesApple's iPhone has officially been dethroned from its position as the smartphone market share leader in China, according to a...
Tether freezes crypto wallets linked to terrorism in Israel, Ukraine
The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run."Justin Tallis | AFP via Getty ImagesTether froze 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine,...