Breaking News: Technology
Photos: Tech CEOs mingle with Trump and Saudi Crown Prince at investment forum in Riyadh
Senior Advisor to the U.S. President Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025. Brendan Smialowski | Afp | Getty Images Wealth and power. Global political and business leaders gathered in Riyadh on Tuesday for the […]
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Coinbase jumps 22%, heads for biggest gain since post-election pop on S&P 500 inclusion
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase shares soared more than 20% on Tuesday and headed for their sharpest rally since the day after President Donald Trump’s election victory following the […]
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Nvidia sending 18,000 of its top AI chips to Saudi Arabia
Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | Reuters Nvidia will sell more than 18,000 of its latest artificial intelligence chips to Saudi company Humain, CEO Jensen Huang announced Tuesday. The announcement was made as part […]
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Elon Musk says Starlink was approved in Saudi Arabia
Tesla CEO Elon Musk speaks, as he sits with Saudi Minister of Communications and Information Technology Abdullah Alswaha, at the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Elon Musk said Saudi Arabia has approved Starlink for aviation and maritime use in the region speaking at an event […]
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ESPN’s new all-access streaming app will cost $29.99 per month
ESPN’s new streaming application, featuring everything the sports media arm of Disney has to offer, will cost $29.99 per month. The service, which will take the ESPN name, as CNBC reported last week, will be heavily discounted when bundled with Disney’s other streaming services, Disney+ and Hulu. The three services, with ads, will cost $35.99 […]
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Microsoft is cutting 3% of all workers
Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024. Willy Kurniawan | Reuters Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes necessary to best […]
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Hinge Health aims to raise up to $437 million in IPO, pricing at $28 to $32 per share
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health Hinge Health said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming initial public offering. The digital physical therapy startup filed its initial prospectus in March, and it updated the document with an expected […]
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SoftBank Vision Funds swing to annual loss as investment gains slow by 40%
SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters Softbank’s Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm. […]
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Dubai government to accept crypto payments through Crypto.com partnership
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies. Nurphoto | Nurphoto | Getty Images Dubai’s Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with cryptocurrencies. The memorandum of understanding between Dubai government officials and Mohammed Al Hakim, president of Crypto.com UAE, […]
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Fintechs that raked in profits from high interest rates now face a key test
Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]
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