Technology
SoftBank Vision Fund books $2.4 billion quarterly gain boosted by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank posted a $2.4 billion gain at its Vision Fund in the December quarter as a jump in the value of its OpenAI investment helped offset losses in […]
Read More
Zhipu leads rally in Chinese AI stocks, surging 30%, as a wave of new releases hits market
Information on Zhipu’s AI service on the web, dubbed Z.ai, arranged on a computer in Shanghai, Jan. 7, 2026. Raul Ariano | Bloomberg | Getty Images Chinese artificial intelligence stocks rallied Thursday as several companies unveiled upgraded models and top policymakers renewed calls for a broader adoption of the technology. Hong Kong-listed Zhipu AI — […]
Read More
Meet the high-profile Emirati business leader lawmakers are linking to Epstein ‘torture’ email
Jeffrey Epstein and Sultan Ahmed bin Sulayem, Group CEO of DP World. House Oversight Committee Democrats U.S. officials made new disclosures from the Epstein files on Monday, naming who they believe was the recipient behind a disturbing email sent by the deceased financier and sex criminal Jeffrey Epstein, in which he referenced a supposed “torture […]
Read More
Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Cisco reported better-than-expected quarterly results on Wednesday, but the stock dropped about 7% in extended trading as earnings guidance for the current period only met estimates. Here’s how the company did […]
Read More
Instagram chief likens social media addiction to being hooked on a Netflix show in trial testimony
Instagram CEO Adam Mosseri testifies at a U.S. Senate hearing in Washington, D.C., on Dec. 8, 2021. Brendan Smialowski | AFP | Getty Images Instagram chief Adam Mosseri said Wednesday during testimony in a high-profile social media trial that he thinks there can be problematic usage of social media, but does not think it constitutes […]
Read More
Musk announces xAI re-org following co-founder departures, SpaceX merger
Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SpaceX CEO Elon Musk on Wednesday […]
Read More
Ray-Ban maker EssilorLuxottica says it more than tripled Meta AI glasses sales in 2025
Meta Ray-Ban Gen 2 AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images EssilorLuxottica‘s more than tripled its Meta artificial intelligence glasses sales last year, the Ray-Ban maker said on Wednesday in its fourth-quarter results. The French-Italian eyewear brand […]
Read More
Tech investor Orlando Bravo says most software companies don’t have enough profit
Thoma Bravo co-founder Orlando Bravo on Wednesday said software stocks are “oversold” and the sector is being pulled down by a lack of profits. “Most of these 300 publicly traded software companies, they don’t have enough profits,” he told CNBC’s “Money Movers.” “They trade as a multiple of revenue, and that’s very, very dangerous.” Thoma […]
Read More
Meta launches AI algorithm personalization feature for Threads
In this photo illustration, the Threads logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty Images Meta on Wednesday debuted an AI feature called “Dear Algo” that lets Threads users personalize their content-recommendation algorithms. Threads users will be able to tell the […]
Read More
Lyft CEO Risher says consumer is showing ‘no softness’ as stock slides 15% after earnings
Lyft CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that’s a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC’s “Squawk Box.” “So, love what we’re seeing, and […]
Read More