Technology
Zoom stock has best day in almost two years on quarterly results, increased guidance
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance. The stock rose […]
Read More
Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that […]
Read More
Perplexity AI plans to start running ads in fourth quarter as AI-assisted search gains popularity
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | Reuters Perplexity AI, the artificial intelligence startup that’s been embroiled in controversy due to accusations of plagiarizing content from media outlets, plans to start running ads on its search app in the fourth quarter, CNBC has learned. The company, which […]
Read More
Snowflake shares sink 13% on decelerating product revenue growth
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022. Eóin Noonan | Sportsfile | Collision | Getty Images Shares of Snowflake fell 13% on Thursday after the data cloud analytics company released fiscal second-quarter 2025 earnings that beat Wall Street’s […]
Read More
Trump promotes family’s new crypto platform, ‘The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average […]
Read More
China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected, […]
Read More
Microsoft revamps reporting structure to give better visibility into cloud consumption revenue
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the “Microsoft Build: AI Day” event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | Reuters Microsoft on Wednesday updated quarterly revenue guidance for its three business segments in a shift that stands to give investors better visibility into the software maker’s growing cloud […]
Read More
China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric […]
Read More
Amazon-backed Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday was hit with a class-action lawsuit in California federal court over alleged copyright infringement. Three authors said in the filing that Anthropic “built a multibillion-dollar business by stealing hundreds of thousands of copyrighted books,” including their own. Anthropic, which was founded by ex-OpenAI research executives, has backers […]
Read More
Waymo has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo is now providing more than 100,000 paid robotaxi rides per week in the US, according to a LinkedIn announcement by its co-CEO Tekedra Mawakana. That’s double the 50,000 weekly paid trips […]
Read More