Technology
Meta launches standalone AI app to take on ChatGPT
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta Platforms is launching a standalone artificial intelligence app and going head-to-head with ChatGPT maker OpenAI, the company said Tuesday. The news confirms previous CNBC reporting from February, […]
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PayPal reports first-quarter earnings beat, maintains forecast
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images PayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty. The stock fell […]
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Venmo revenue grows 20%, with debit card payment volume soaring
Justin Sullivan | Getty Images Venmo, long a centerpiece of PayPal‘s growth story but often criticized for its lack of monetization, is becoming a bigger contributor to the business. PayPal said Tuesday in its first-quarter earnings release that revenue at Venmo increased 20% year-over-year in the first quarter, though the company didn’t provide a dollar […]
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Alibaba launches new Qwen LLMs in China’s latest open-source AI breakthrough
Qwen3 is Alibaba’s debut into so-called “hybrid reasoning models,” which it says combines traditional LLM capabilities with “advanced, dynamic reasoning.” Sopa Images | Lightrocket | Getty Images Alibaba released the next generation of its open-sourced large language models, Qwen3, on Tuesday — and experts are calling it yet another breakthrough in China’s booming open-source artificial […]
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Uber raises in-office requirement to 3 days, claws back remote workers
Uber on Monday informed employees, including some who had been previously approved for remote work, that it will require them to come to the office three days a week, CNBC has learned. “Even as the external environment remains dynamic, we’re on solid footing, with a clear strategy and big plans,” CEO Dara Khosrowshahi told employees […]
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Amazon launches first Kuiper internet satellites in bid to take on Elon Musk’s Starlink
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters Amazon on Monday launched the first batch […]
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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down
Kurt Sievers, CEO of NXP Semiconductors, during the Federation of German Industries conference in Berlin, Germany, on June 19, 2023. Liesa Johannssen-Koppitz | Bloomberg | Getty Images NXP Semiconductors fell about 7% on Monday after the chip company announced CEO Kurt Sievers would step down and released first-quarter earnings for fiscal 2025. Sievers will retire […]
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Microsoft says U.S. can’t afford falling behind China in quantum computers
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025. Kacper Pempel | Reuters The U.S. cannot afford to fall behind China in the race to a working quantum computer, Microsoft President Brad Smith wrote Monday. President Donald Trump and […]
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Spotify paid more than $100 million to podcasts in the first quarter, including Joe Rogan, Alex Cooper and Theo Von
Pavlo Gonchar | Lightrocket | Getty Images Spotify said Monday it paid more than $100 million to podcast publishers and podcasters worldwide in the first quarter of 2025. The figure includes creators on the platform across all formats and agreements, including the platform’s biggest fish, Joe Rogan, Alex Cooper and Theo Von, the company said. […]
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Google increased CEO Sundar Pichai’s security costs by 22% in 2024
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Mandel Ngan | AFP | Getty Images Google paid $8.27 million for CEO Sundar Pichai’s personal […]
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