Breaking News: Technology
AppLovin shares pop on earnings beat as it announces sale of mobile gaming business
Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business. Here’s how the company did compared to LSEG consensus estimates: Earnings: $1.67 per share vs $1.45 […]
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Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console. Michael Ciaglo | Bloomberg | Getty Images A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft‘s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San […]
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Arm shares drop on weak forecast
Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company’s logo on it, during an event in which Malaysia’s Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5, 2025. Hasnoor Hussain | Reuters Arm shares dropped more […]
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Nvidia shares climb on report Trump will end chip export restrictions
Nvidia CEO Jensen Huang (R) speaks alongside US President Donald Trump speaks about investing in America, at the White House in Washington, DC, on April 30, 2025. Jim Watson | AFP | Getty Images Nvidia shares rose on Wednesday on a report that the Trump administration plans to revise a set of chip trade restrictions […]
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CrowdStrike announces 5% job cuts, says AI is ‘reshaping every industry’
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 8, 2017. Patrick T. Fallon | Bloomberg | Getty Images Cybersecurity software maker CrowdStrike said Wednesday it plans to lay off 500 employees, representing about 5% of its workforce, a move CEO […]
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Netflix unveils revamped homepage and app with OpenAI-powered search tool
Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search. Courtesy: Netflix Netflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier for its members. The user experience revamp goes beyond the TV screen. Netflix is also making […]
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Alphabet shares sink 8% after Apple’s Cue says AI will replace search engines
Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. David Paul Morris | Bloomberg | Getty Images Alphabet and Apple shares sank Wednesday after Eddy Cue, Apple’s services chief, said […]
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Figma introduces ‘vibe-coding’ AI software design feature
From left, Steven Levy, Wired editor at large, and Dylan Field, co-founder and CEO of Figma, speak onstage at Wired’s The Big Interview event in San Francisco on Dec. 3, 2024. Kimberly White | Wired | Getty Images Design software startup Figma on Wednesday debuted an artificial intelligence feature to automate the process of building […]
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AMD CEO Lisa Su calls China a ‘large opportunity’ and warns against strict U.S. chip controls
Advanced Micro Devices CEO Lisa Su said China is a “large opportunity” market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world’s second-largest economy. “There should be a balance between export controls for national security as well as ensuring that we get the widest possible […]
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Uber misses revenue expectations with trips up 18% over last year
Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | Reuters Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report. Here’s how Uber did versus […]
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