Technology
Pinterest shares tumble nearly 15% on weak guidance
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company […]
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Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus
Satya Nadella, CEO of Microsoft Bernd Von Jutrczenka | picture alliance | Getty Images Microsoft said on Tuesday it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file to employees. Salaried and hourly workers at the senior director level and below will be eligible for the award, Kathleen […]
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Federal regulator says Amazon can be held responsible for faulty goods sold on its marketplace
Federal regulators have determined that Amazon can be held responsible for defective goods sold by third-party merchants on its online marketplace, rejecting the company’s position that it’s merely an intermediary between consumers and sellers. In a landmark order released Tuesday, the U.S. Consumer Product Safety Commission said the agency unanimously agreed Amazon “fits squarely” within […]
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CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
Sopa Images | Lightrocket | Getty Images Crowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor. Crowdstrike fell $28.98 to $228.83 as of early afternoon trading. The company has now lost one-third […]
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Microsoft set to report earnings after the bell
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $2.93 Revenue: $64.39 billion Microsoft […]
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Perplexity AI will share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the company’s “Publishers Program.” The announcement follows an onslaught of controversy in June, when Forbes said […]
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Neuralink rival Synchron lets patients control Apple Vision Pro with their thoughts
Mark uses the Vision Pro with his BCI Courtesy of Synchron Neurotech startup Synchron on Tuesday announced it has connected its brain implant to Apple‘s Vision Pro headset. It’s now possible for patients with limited physical mobility to control the device using only their thoughts. Synchron is building a brain-computer interface, or a BCI, designed […]
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Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI
BEIJING, CHINA – JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty Images Self-driving […]
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Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of […]
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Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim Cook Source: Reuters; Apple Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple’s choice of Google’s […]
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