News

Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company

2024-02-18
KEY POINTSThe symbolic milestone is more confirmation that Nvidia has become a Wall Street darling on the back of elevated AI chips sales.Nvidia is valued even more highly than the large software c...

OpenAI just revealed new software that lets you create realistic video by simply typing a descriptiv

2024-02-18
KEY POINTSOpenAI announced Thursday it has expanded beyond text and images to offer video-generation AI for the first time.The new model, called Sora, allows a user to type out a desired scene and ...

Nvidia and AMD shares hit record highs on AI chip surge

2024-01-23
Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022.Nvidia Corp | via ReutersKEY POINTSAMD and N...

These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000

2024-01-02
KEY POINTS1)Commentators CNBC spoke to, both inside and outside of the cryptocurrency industry, have given various price predictions for bitcoin in 2024, ranging from $60,000 to $500,000.2)Industry...

Amazon drone delivery executive who oversaw safety, FAA relations departs the company

2023-12-12
KEY POINTS Sean Cassidy, who served as the drone delivery unit’s head of safety, flight operations and regulatory affairs, has departed the company, CNBC has learned. Cassidy was Amazon’s p...

Microsoft CEO Nadella uses surprise appearance at OpenAI event to lure developers to Azure cloud

2023-11-09
KEY POINTS>>>At OpenAI’s developer event in San Francisco, Microsoft CEO Satya Nadella told the audience that his company’s cloud is the best place for them to build.>>>“Our job No. 1 is to build t...

UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China

2023-11-02
KEY POINTSThe U.K. government said Wednesday that it will invest £225 million, or $273 million, into an AI supercomputer, highlighting the country’s ambition to lead in the technology as it races t...

Huawei spinoff Honor launches foldable phone globally as Chinese firm looks to rival Apple, Samsung

2023-09-03
KEY POINTSChinese consumer electronics firm Honor has launched its flagship foldable smartphone overseas — venturing into a high-end market dominated by Samsung and Apple.·The Honor Magic V2 will g...

AWS announces generative A.I. tool to save doctors time on paperwork

2023-07-27
KEY POINTSAmazon Web Services on Wednesday announced a new service for health-care software providers called AWS HealthScribe.The service aims to save health-care workers time with AI-generated tra...

Apple Vision Pro: Impressive specs, new way of interacting could help it break the VR curse

2023-06-13
KEY POINTSApple’s Vision Pro headset has sparked a resurgence of interest in virtual reality headsets.Some of the most powerful consumer electronics companies have released headsets, including Nint...

Amazon is using generative A.I. to summarize product reviews

2023-06-13
KEY POINTSAmazon is testing the use of artificial intelligence to generate summaries of reviews left on some products.The feature provides users with an overview of what shoppers like and dislike a...

SpaceX cleared by FAA to launch first orbital Starship flight

2023-04-17
KEY POINTS The Federal Aviation Administration issued a Starship launch license to Elon Musk’s SpaceX. SpaceX aims to launch Starship as soon as Monday from its private facility in Texas along the Gul

OpenAI announces GPT-4, claims it can beat 90% of humans on the SAT

2023-03-15
OpenAI announced the latest version of its primary large language model, GPT-4, on Tuesday, that it says exhibits “human-level performance” on many professional tests.GPT-4 performed at the 90th pe...

Meet the $10,000 Nvidia chip powering the race for A.I.

2023-02-26
KEY POINTS Companies like Microsoft and Google are fighting to integrate cutting-edge AI into their search engines, as billion-dollar competitors such as OpenAI and Stable Diffusion race ahead and rel

FTX founder Sam Bankman-Fried’s two bond guarantors unsealed, both with ties to Stanford

2023-02-16
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Imag...

Charlie Munger says BYD is so far ahead of Tesla in China ‘it’s almost ridiculous’

2023-02-16
Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever.“I have never helped do anything at Berkshire [Hatha...

How Amazon’s cloud unit is helping researchers analyze genetics

2022-12-29
KEY POINTSAs health care becomes more digitized, scientists, doctors and researchers have to try and decipher unprecedented amounts of data to adequately personalize care.Amazon Web Services has la...

Amazon’s cloud unit faces cost-sensitive customers as economic fears mount

2022-12-05
PUBLISHED SAT, DEC 3 202210:00 AM ESTUPDATED SUN,KEY POINTSWith interest rates rising and corporate earnings taking a hit, some companies are looking for ways to cut back on their cloud spending.Am...

Facebook parent company Meta is now the worst performer in the S&P 500 this year

2022-11-04
Meta is at the bottom of the S&P, trailing Align Technology, Generac Holdings, SVB Financial Group and Match Group.Meta shares are down roughly 73% over the past year.Investors appear concerned abo...

Amazon pauses hiring for corporate workforce

2022-11-04
Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday. The company had already halted new hires for corporate retail jobs. CEO Andy Jassy ...

Elon Musk will begin laying off Twitter staffers, days after his $44 billion takeover

2022-11-04
Twitter will be laying off staff members, it said in an email obtained by NBC News.

Top Amazon seller Packable begins liquidating and announces job cuts after failed SPAC attempt

2022-08-24
KEY POINTSPackable, the parent company of top-ranking Amazon seller Pharmapacks, is laying off employees and ceasing operations, according to documents viewed by CNBC.The health and beauty product ...

‘You need to be global and local at the same time’: TikTok CEO Shou Zi Chew on creating a successful

2022-06-09
Under a new leadership team helmed by Chew, ByteDance-owned TikTok is no longer just a popular entertainment app but a revenue-generating business.Since its launch in 2016, TikTok has had frequent ...

‘Companies create communities, communities create economies’: Sunwah Innovations CEO Jesse Choi

2022-06-02
As the flagship branch of a network of innovation centers, Sunwah Innovation Center Ho Chi Minh City aims to help Vietnamese startups scale up globally.

Renault reveals electric-hydrogen hybrid concept car, says it will have range of up to 497 miles

2022-05-21
Renault has released details of an electric-hydrogen hybrid concept car, with the French automaker describing hydrogen technology as being “one of the options to make electric vehicles more conveni...

‘In the past ten years, my computer and BlackBerry have never left my side’: ByteDance’s new CFO Jul

2022-05-19
Through sheer dedication and hard work, the former corporate attorney has built a reputation as a top dealmaker for Chinese companies planning to go public.On April 25, in a 600-word memo circulate...

China tries to make nice with Big Tech as economic challenges mount

2022-05-19
China is trying once again to lift the spirits of its huge tech industry after a bruising regulatory offensive that has weakened some of its biggest businesses at a time of stalling economic growth.

Google announces new smartphones, a watch and tablet at its I/O developer conference

2022-05-18
Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple.