Technology

Dado Ruvic | Reuters The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect

The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin fell about 4% this week to about $64,100, according to Coin Metrics. Mechanically, the halving itself shouldn’t affect the price of bitcoin in the short term, but many investors are

In this article SMCI Follow your favorite stocksCREATE FREE ACCOUNT David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market’s hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in

A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of

Morning traffic outside Meta headquarters, in Mountain View, California, U.S. November 9, 2022. Peter Dasilva | Reuters The Dutch government said Friday that it may be forced to stop using Facebook after a warning from the Netherlands’ privacy regulator about the Meta-owned social media platform’s privacy risks. The Dutch Data Protection Authority (DPA) issued a

Taiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview. Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong gains on the Taiwan Weighted Index to “the AI revolution.” “It is just

In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023. Jose Luis Magana | AP Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions

In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024.  Charlie Perez | Nurphoto | Getty Images Enterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at securing data centers, clouds, and

In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Alphabet Chief Financial Officer Ruth Porat. Adam Galica | CNBC Alphabet Chief Financial Officer Ruth Porat said in a memo Wednesday that Google is restructuring its finance organization, a move that will include layoffs and relocations, as the company pushes resources to favor investments

In this article ASML ASML-NL Follow your favorite stocksCREATE FREE ACCOUNT President Joe Biden’s administration plans to press the Netherlands next week to stop its top chipmaking equipment maker ASML from servicing some tools in China, two people familiar with the matter said, as the U.S. leans on allies in its bid to hobble Beijing’s

Marc Andreessen and Ben Horowitz Getty Images Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This marks an important milestone for us,” Ben Horowitz, who co-founded the firm

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters SHENZHEN — Baidu CEO Robin Li said Tuesday the company’s ChatGPT-like Ernie bot has exceeded 200 million users. He added the company would hold another round of its AI development competition,

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Tesla shares were down over 1% in premarket trade Monday on media reports that the automaker will lay off more than 10% of its global workforce. The company’s

TOPSHOT – The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Apple iPhone shipments plunged

In this article SPOT Follow your favorite stocksCREATE FREE ACCOUNT Win-initiative/neleman | Stone | Getty Images With about 100 million tracks available and over 600 million subscribers, helping listeners find the music they will love has become a navigational challenge for Spotify. It’s the promise of personalization and meaningful recommendations that will give the vast

The eponymous sign outside Epic headquarters in Verona, Wisconsin. Source: Yiem via Wikipedia CC Epic Systems, the largest provider of software for managing medical records, says a venture-backed startup called Particle Health is using patient data in unauthorized and unethical ways that have nothing to do with treatment. Epic told customers in a notice on

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end

Drivers charge their Teslas in Fountain Valley, CA, on Wednesday, March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images Tesla said on Friday that it’s cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay

Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Cameron and Tyler Winklevoss, the billionaire twins known for suing Mark Zuckerberg for allegedly stealing their idea for Facebook, are investing millions of dollars into a small English soccer

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images A top Amazon executive told CNBC Thursday that it’s a “myth” that robots and other technologies