Technology
Canva expands from design into analytics with acquisition of MagicBrief
From left, Cliff Obrecht, Canva’s co-founder and chief operating officer, and George Howes, co-founder and CEO of MagicBrief, pose for a photo at the Cannes Lions festival in Cannes, France, in June 2025. Canva Canva has grown into a $32 billion startup through its popular design tools used for easily creating images, marketing material and […]
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AI will shrink Amazon’s workforce in the coming years, CEO Jassy says
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Amazon CEO Andy Jassy said Tuesday that the company’s corporate workforce will shrink in the coming years […]
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Fintech Ramp’s valuation hits $16 billion in deal led by Peter Thiel’s Founders Fund
Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel’s venture firm. The $200 million round is the fifth that Founders’ has led for Ramp and raised its valuation by $3 billion. It last raised money at […]
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Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned. The […]
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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production
A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production […]
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Reddit stock jumps after company rolls out new AI advertising tools
Thomas Fuller | Lightrocket | Getty Images Reddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools. The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an […]
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Spotify’s Daniel Ek leads $694 million investment in defense startup Helsing
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images European defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, […]
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Trump’s $499 smartphone will likely be made in China
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. Alex Wroblewski | AFP | Getty Images The Trump Organization’s newly-announced […]
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Tencent bets its China WeChat and gaming expertise will help it win cloud business in Europe
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities. […]
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Amazon extends Prime Day to four days, starting July 8
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. Spencer Platt | Getty Images Amazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year. The 96-hour event will start at 12:01 a.m. PT on July […]
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