Breaking News: Technology
Italy’s Telecom Italia wins $1.2 billion court payout, eyes savings share conversion
Bloomberg | Bloomberg | Getty Images Telecom Italia (TIM) said Italy’s highest court had ruled in its favor in a long-running concession fee case, confirming the group is owed just over 1 billion euros ($1.2 billion) to end a dispute that has dragged on for over two decades. In a statement on Saturday, the former […]
Read More
Google was at risk of losing its dominance — until it promoted this AI executive
Josh Woodward, VP of Google Labs, addresses the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | AFP | Getty Images Josh Woodward may not be a household name in Silicon Valley. But inside Google, everybody knows about him. The 42-year-old Oklahoma native, who started at […]
Read More
Former Trump advisor Dina Powell McCormick leaves Meta board after eight-month stint
Dina Powell McCormick, who was a member of President Donald Trump’s first administration, has resigned from Meta’s board of directors. Powell McCormick, who previously spent 16 years working at Goldman Sachs, notified Meta of her resignation on Friday, according to a filing with the SEC. The filing did not disclose why McCormick was stepping down from […]
Read More
Elon Musk’s 2018 Tesla pay package must be restored, Delaware Supreme Court rules
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk’s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. “We reverse […]
Read More
Google’s boomerang year: 20% of AI software engineers hired in 2025 were ex-employees
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images With the AI talent wars heating up between companies like OpenAI, Meta and Anthropic, one way Google has been competing is by aggressively rehiring […]
Read More
Cramer says Boeing is a buy here — plus, Wells Fargo and bank stocks keep rolling
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks were higher Friday, led by a rebound in Big Tech as the AI trade attempted to regain momentum. Nvidia stock jumped nearly 3% after Bernstein noted it is […]
Read More
Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]
Read More
Palo Alto Networks announces multibillion-dollar deal with Google Cloud
Palo Alto Networks will migrate key internal workloads to Google Cloud as part of a new multibillion-dollar agreement, the companies announced on Friday. The companies said the deal is an expansion of their existing strategic partnership and will deepen their engineering collaboration. Palo Alto Networks is now using Google’s Gemini artificial intelligence models to power […]
Read More
Inside Intel’s new Arizona fab, where the chipmaker’s fate hangs in the balance
Intel was once the world’s largest semiconductor company, but its market cap plummeted in recent years as the chipmaker fell behind Taiwan Semiconductor Manufacturing Co. and spent billions of dollars trying to catch up. Now, Intel has entered high-volume production of 18A, the new chip node it says will turn things around. The biggest problem? […]
Read More
Data center deals hit record $61 billion in 2025 as AI valuation risks and funding concerns grip investors
Global data centers dealmaking surged to hit another record high this year, driven by a rush to build out the infrastructure required for energy-intensive AI workloads. That surge came even as investors grew increasingly wary of inflated artificial intelligence valuations and the financing underpinning the rapid expansion of data centers. Global stocks sold off in […]
Read More