Technology
Palantir shares rocket 25% after profits beat, potent demand from customers for AI
The brand of U.S. program company Palantir Technologies is viewed in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Shares of Palantir popped additional than 25% Tuesday, a day soon after the corporation produced fourth-quarter earnings that surpassed analysts’ anticipations for earnings and showed strong need for its synthetic intelligence offerings. Palantir, acknowledged for […]
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Adam Neumann is striving to invest in bankrupt WeWork, DealBook reports
Adam Neumann, Founder and former CEO of WeWork. Eduardo Munoz | Reuters Billionaire Adam Neumann is attempting to get back again bankrupt true-estate organization WeWork, which he launched in 2010 and was ousted from in 2019, DealBook noted Tuesday. Neumann, his startup Stream and Dan Loeb’s Third Position fund have “regularly expressed” a “honest curiosity” […]
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Palantir inventory jumps 12% on revenue defeat
Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Synthetic Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Illustrations or photos Palantir shares surged a lot more than 12% in right after-several hours investing right after the business noted fourth-quarter […]
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DocuSign's offer talks with Bain, Hellman & Friedman stall: Reuters
The Docusign Inc. application for download in the Apple Application Store on a smartphone organized in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Illustrations or photos Bain Capital and Hellman & Friedman have cooled in their pursuit of DocuSign Inc about disagreements on how a great […]
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Snap to lay off 10% of worldwide workforce, about 500 employees
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee listening to on on-line child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media business Snap stated on Monday that it would lay off 10% of its international workforce, or all-around 529 staff. […]
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Electronic advertisement current market exhibits indicators of sharp rebound as Meta, Amazon position to development
Drew Angerer | Getty Images Information | Getty Pictures A 12 months in the past, Meta finance chief Susan Li offered chilling commentary about the state of the electronic ad current market, telling analysts that the struggling marketplace would stay in a slump. Speaking to analysts on the company’s fourth-quarter earnings simply call, Li claimed […]
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Satya Nadella's very first decade as Microsoft CEO was described by cloud. What's upcoming?
Microsoft CEO Satya Nadella speaks throughout a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023. Jason Redmond | AFP | Getty Pictures When Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the application enterprise was mired in mediocrity. Its marketplace cap was just more than […]
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Tech's longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While […]
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Amazon warns weather transform could disrupt its organization in annual filing
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023. Joe Raedle | Getty Visuals Amazon is warning buyers that the local climate crisis may possibly have a substance result on its business enterprise. In the danger factors section of its 2023 financial submitting released […]
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Tech execs are telling traders they have to commit revenue to make dollars on AI
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Synthetic Intelligence (AI) Insight Discussion board at the US Capitol in Washington, DC, on September 13, 2023. Mandel Ngan | AFP | Getty Photos It was a massive week for tech earnings, with Microsoft, Meta, Alphabet, Amazon and Apple all reporting around the past couple days. Artificial […]
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