Software
Apple’s about to announce new iPhone, iPad software: Follow along for live updates
Here’s what you can expect Apple website displayed on a laptop screen and Apple logo displayed on a phone in this illustration photo. Jakub Porzycki | Nurphoto | Getty Images Apple’s annual developer conference, WWDC, is all about catering to software developers. They’re the folks who build apps for the Mac, iPhone, iPad, Watch and […]
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U.S. firm Clearview A.I. fined for illegally collecting images of Brits’ faces
Clearview AI, a New York-headquartered facial recognition company, has been fined £7.5 million ($9.4 million) by a U.K. privacy regulator. Over the last few years, the firm has collected images from the web and social media of people in Britain and elsewhere to create a global online database that can be used by law enforcement […]
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The co-founders of DeepMind and LinkedIn have raised $225 million for their A.I. lab
DeepMind co-founder Mustafa Suleyman Greylock Partners Inflection AI, the new artificial intelligence start-up from DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman, has secured $225 million in funding, according to a filing with the U.S. Securities and Exchange Commission last week. The funding, first reported by TechCrunch, has been raised at an undisclosed valuation […]
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Roblox CEO says April bookings are starting to turn around after a difficult March
Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars […]
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Mark Zuckerberg says Meta will test selling virtual goods in the metaverse
Facebook CEO Mark Zuckerberg is seen fencing in the “Metaverse” with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021. Facebook | via Reuters Meta CEO Mark Zuckerberg wants to make […]
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Box’s buzz has long since passed but the stock is trading near a record while cloud peers suffer
Box CEO Aaron Levie speaking at BoxWorks in 2018 Box In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. At age 37, Aaron Levie has been at the same job for almost half his life. He’s the CEO of collaboration software vendor Box, a […]
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A VPN company just became Lithuania’s second tech unicorn
Network cables are plugged in a server room. Michael Bocchieri | Getty Images Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania’s second tech unicorn. The company is best known for its VPN product, NordVPN, which costs around $140 a year or […]
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Three former DeepMinders are developing A.I. to pick stocks and crypto
ArtBox Images | Getty Images Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise. Martin Schmid, Rudolf Kadlec and Matej Moravcik left Alphabet-owned DeepMind in January to set up EquiLibre Technologies, relocating from Edmonton in Canada to Prague in the Czech Republic […]
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‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a […]
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Meta’s A.I. exodus: Top talent quits as the lab tries to keep pace with rivals
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Facebook parent Meta has lost some of its top artificial intelligence scientists this year as the company continues its pivot toward the metaverse. At least four prominent members of Meta […]
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