Breaking News: Technology
Tech is getting a boost from AI ad tools. Some companies are being left behind
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street’s expectations, but […]
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Intel CEO responds to ‘misinformation’ and Trump threat in letter to employees
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns. ” I want to be absolutely clear: Over 40+ years in the industry, […]
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Sam Altman says he doesn’t think about Elon Musk that much
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images Sam Altman has dismissed longtime rival Elon Musk’s warnings that OpenAI is set to dominate Microsoft, after the companies announced that OpenAI’s latest AI model will be incorporated into Microsoft products. On Thursday, Microsoft CEO Satya Nadella announced that OpenAI’s GPT-5 […]
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Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images LONDON — Bank of England Governor Andrew Bailey told CNBC there hasn’t been a “falling out” with the U.K. government over delays to fintech giant Revolut’s long-awaited bank license. Last week, the Financial […]
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OpenStore’s demise marks endgame for once-booming e-commerce aggregator market
When venture capitalist Keith Rabois got into e-commerce, he couldn’t stop buying brands. Now, everything must go. OpenStore, co-founded by Rabois in 2021, is shutting down nearly all of the 40-plus Shopify stores it acquired, and it’s in the process of liquidating any remaining inventory by offering steep discounts to move merchandise. Earlier this week, […]
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Investing in Space: Space IPOs are rearing their heads again
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. Stock market information at the Nasdaq MarketSite in New York, US, on Wednesday, July 9, 2025. Bloomberg | Bloomberg | Getty Images Overview: Space IPOs are rearing their heads again […]
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Instagram’s map feature spurs user backlash over geolocation privacy concerns
Nurphoto | Nurphoto | Getty Images The launch of an Instagram feature that details users’ geolocation data illicited backlash from social media users on Thursday. Meta debuted the Instagram Map tool on Wednesday, pitching the feature as way to “stay up-to-date with friends” by letting users share their “last active location.” The tool is akin […]
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Tesla exec leading development of chip tech and Dojo supercomputer is leaving company
Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers […]
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Block shares pop on full-year guidance boost
Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected Revenue: $6.05 billion vs. $6.31 billion expected Revenue fell close to 2% from […]
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Instacart tops estimates, issues upbeat outlook
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s second-quarter earnings topped estimates and the grocery delivery company issued strong guidance after the bell Thursday. Shares jumped more than 6% in extended trading. Here’s how the company did versus LSEG […]
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