Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results. Igor Golovniov | SOPA Images | LightRocket | Getty Images Facebook parent company Meta was on Monday accused by EU
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Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds. Kiyoshi Ota | Bloomberg | Getty Images Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago after a major
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Entertainment | Getty Images Amazon will double the value of credits it offers some
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company’s technology. Rohit Prasad, a
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook, the public
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in
In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making his most grandiose
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images The news industry just gained a powerful ally in its effort to take
In the 13th arrondissement of the French capital Paris is an old rail freight station that has been converted into the world’s biggest startup campus. Known as Station F, the massive complex, which can house 1,000 startups and has corporate partners including U.S. tech giants like Meta and Google, underscores France’s push over the last
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York on April 16, 2024. Angus Mordant | Bloomberg | Getty Images Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items
Jakub Porzyck | Nurphoto | Getty Images Qatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology. Ooredoo earlier this week signed a partnership with Nvidia, marking the chipmaker’s first large-scale entry into the
In this article GOOG GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Waymo robotaxis are now open to all users in San Francisco, expanding the self-driving ride-hailing service, which has been available in the city
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT The Microsoft Teams displayed on a smartphone. Sopa Images | Lightrocket | Getty Images The European Union on Tuesday accused Microsoft of breaching antitrust rules with the “abusive” bundling of its Teams and Office products. “The European Commission has informed Microsoft of its preliminary view
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel amid its
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT The Apple logo. Costfoto | Nurphoto | Getty Images European Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU’s
In this article NVDA AAPL Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand.
Elon Musk speaking during the Tesla Annual Shareholder’s meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla’s hefty downsizing in 2023 has reduced its global headcount to just over 121,000 people, including temps, internal records suggest, indicating that the automaker has slashed more than 14% of its workforce so far this year.
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. David Paul Morris | Bloomberg | Getty Images Apple said Friday it won’t release three recently announced features,
In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making his most grandiose
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon said Thursday it has removed 95% of the plastic air pillows from its packaging in North America and will replace them with paper fillers made from 100% recycled content. It marks Amazon’s largest plastic-packaging reduction effort and will help it remove nearly 15 billion
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