Technology
Alibaba shares drop 5% in premarket trading after big profit miss
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line. Shares were down 5% in premarket trade in the U.S. […]
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Assassin’s Creed maker Ubisoft plunges 18% as outlook fails to impress
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors. Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s […]
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India approves Apple-supplier Foxconn’s $433 million joint venture in bid to boost chip industry
In this photo illustration, a Foxconn logo is seen displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Foxconn, the world’s largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group, drawing an investment of 37.06 billion rupees ($433 million). […]
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Amazon lays off about 100 employees in devices and services unit
An Amazon device is displayed at an Amazon Devices launch event in New York City, U.S., Feb. 26, 2025. Brendan McDermid | Reuters Amazon is laying off roughly 100 employees in its devices and services division, the company confirmed on Wednesday. The devices and services unit includes a wide range of businesses, such as the […]
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YouTube announces Gemini AI feature to target ads when viewers are most engaged
People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company’s corporate headquarters in San Bruno, California, on April 23, 2025. Josh Edelson | AFP | Getty Images YouTube on Wednesday announced a new tool that will allow advertisers to use Google’s Gemini AI […]
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Cisco says CFO Scott Herren is leaving, company reports earnings beat
Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023. Ethan Miller | Getty Images Entertainment | Getty Images Cisco reported earnings and revenue that topped analysts’ estimates on Wednesday and issued guidance that also exceeded Wall Street’s prediction. Here’s how the […]
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Trump administration’s next wave of China AI chip export rules are yet another obstacle for Nvidia
Nvidia announced an agreement with Saudi Arabia on Tuesday to develop the kingdom’s artificial intelligence capabilities, a sign of its expanding global strategy. The partnership goes beyond the AI chip leader’s conventional Western collaborations and may serve as a litmus test for future U.S. export policies with nations that keep close ties with both Washington […]
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Klarna CEO says AI helped company shrink workforce by 40%
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural attrition in its workforce. “The truth is, the company has shrunk from about […]
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Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024. Anna Moneymaker | Getty Images Elon Musk’s America PAC didn’t keep its promise to pay swing state voters who signed a pro-Trump petition ahead of the […]
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5 new Uber features you should know — including a way to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on […]
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