Internet
Alibaba shares drop 5% in premarket trading after big profit miss
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line. Shares were down 5% in premarket trade in the U.S. […]
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Tencent bets on 1.4 billion user WeChat empire to get ahead in China’s AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent’s WeChat are taking a cautious approach to prevent speculation with NFTs. Sopa Images | Lightrocket | Getty Images Tencent‘s WeChat app is indispensable for people in China. It has 1.4 billion monthly users and is the main messaging service in the […]
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Amazon lays off about 100 employees in devices and services unit
An Amazon device is displayed at an Amazon Devices launch event in New York City, U.S., Feb. 26, 2025. Brendan McDermid | Reuters Amazon is laying off roughly 100 employees in its devices and services division, the company confirmed on Wednesday. The devices and services unit includes a wide range of businesses, such as the […]
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Musk’s xAI chatbot Grok keeps randomly responding about ‘white genocide’ in South Africa
Jonathan Raa | Nurphoto | Getty Images The Grok chatbot from Elon Musk’s xAI startup is responding to user queries with unrelated comments about the controversial topic of “white genocide” and South Africa. CNBC on Wednesday found numerous instances of Grok discussing the topic in response to unrelated user prompts. Screenshots of examples were also […]
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Klarna CEO says AI helped company shrink workforce by 40%
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural attrition in its workforce. “The truth is, the company has shrunk from about […]
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Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported an annual rise in its top and bottom line in the first quarter fuelled by accelerated growth in its key gaming […]
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Epic Systems sued by CureIS Healthcare for alleged ‘scheme to destroy’ its business
A sign that reads “Epic Intergalactic Headquarters” on campus. Epic Systems CureIS Healthcare, a managed care services company, filed a civil lawsuit against Epic Systems on Monday night, alleging the electronic health record (EHR) giant has carried out a “multi-prong scheme to destroy” CureIS’ business. CureIS offers technology and managed services for government programs, including […]
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Google is testing AI search on its homepage
Visual China Group | Getty Images Google‘s stalwart search button has a new neighbor: AI Mode. The artificial intelligence feature is being tested directly beneath the Google search bar beside a “Google Search” button, replacing the “I’m Feeling Lucky” widget. The new feature, though not widely available yet, is being tested in a location where […]
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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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OpenAI restructure plan gets SoftBank blessing as AI startup reportedly renegotiates Microsoft terms
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. Carlos Barria | Reuters OpenAI said last week that it would restructure in a format that allows its non-profit entity […]
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