Mobile
Reddit rallies after three-day slump as analyst calls selloff ‘excessive’
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Reddit shares rose more […]
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Asana CEO Dustin Moskovitz announces retirement, stock price drops 25%
Asana CEO and Facebook co-founder Dustin Moskovitz PATRICIA DE MELO MOREIRA | AFP | Getty Images Dustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook, will retire from the enterprise software company. Asana announced Moskovitz’s retirement on Monday as part of the company’s fourth-quarter earnings report, and its board has […]
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Apple delays Siri AI improvements to 2026
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images When unveiling Apple Intelligence last summer, one of Apple’s flashiest demos showed the Siri voice assistant juggling several apps to help a user plan a lunch […]
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Broadcom shares soar 16% as earnings top estimates on demand for custom AI chips
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported first-quarter earnings on Thursday that topped analysts’ expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading. Here’s how the company did versus LSEG consensus estimates: Earnings per share: $1.60 adjusted vs. $1.49 expected Revenue: $14.92 billion […]
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Apple unveils new MacBook Air models with $100 price cut despite tariffs
Apple’s M4 MacBook Air in a marketing photograph. Apple Apple on Wednesday announced new MacBook Air models that update the company’s bestselling laptop with a faster M4 chip and an upgraded videoconferencing camera. The computers also got a $100 price cut in the U.S., despite tariffs by President Donald Trump that took effect on Tuesday […]
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Why automakers including Honda and Toyota are pouring millions into rockets and satellites
In January, Toyota said its mobility software subsidiary “Woven by Toyota” was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to space. Chinese automaker Geely Holding Group, a Tesla competitor, has invested $326 million to manufacture its own […]
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Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Steve Marcus | Reuters Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The chipmaker’s […]
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Meta plans to release standalone Meta AI app in effort to compete with OpenAI’s ChatGPT
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 Meta AI will soon become one of the social media company’s standalone apps, joining Facebook, Instagram and WhatsApp, CNBC has learned. The company intends to debut […]
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Dell forecasts $15 billion of AI server sales this year
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but earnings topped Wall Street expectations. Here’s how the hardware company […]
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Meta announces experimental Aria Gen 2 research smart glasses
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images Meta on Thursday revealed the latest version of its experimental smart glasses intended to help bolster research into artificial […]
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