Snap up 12% after CEO tells employees of strong 2024 goals
Snap up 12% after CEO tells employees of strong 2024 goals
shares rose nearly 12% on Monday following reports of an internal CEO memo indicating that the social messaging company could post better-than-expected results for 2024. Evan Spiegel, the company's co-founder and CEO, told employees in a me...
2023-10-17 16:51:11
<b>Amid AI buzz, big US tech giants add $2.4 trillion in market cap</b>
Amid AI buzz, big US tech giants add $2.4 trillion in market cap
U.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel. Accel, in its annual , said the share p...
2023-10-17 16:51:06
<b>LinkedIn lays off nearly 700 employees — read the memo here</b>
LinkedIn lays off nearly 700 employees — read the memo here
-owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo viewed by CNBC. Cuts also came in the company's finance and human resources groups, according to a pe...
2023-10-17 16:51:01
<b>Former FTX engineer tells jury about panicky rooftop meeting with SBF</b>
Former FTX engineer tells jury about panicky rooftop meeting with SBF
In afternoon testimony Monday, former FTX engineering chief told a Manhattan jury about two one-on-one meetings he held with Sam Bankman-Fried last year to discuss the dire state of the crypto firm's finances. Singh, who joined sister hedge...
2023-10-17 16:50:55
Canon launches ASML challenge with machine to make most advanced chips
Canon launches ASML challenge with machine to make most advanced chips
, the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors around. The latest "nanoimprint lithography" system is Canon's challenge to Dutch...
2023-10-14 23:53:24
China lets Ehang operate fully autonomous, passenger-carrying air taxis
China lets Ehang operate fully autonomous, passenger-carrying air taxis
BEIJING — Self-driving air taxis are one step closer to reality in China. Guangzhou-based on Friday said it received an airworthiness "type certificate" from the Civil Aviation Administration of China for its fully autonomous drone, the E...
2023-10-14 23:53:19
Meta says it's stepping up safety enforcement during Israel-Hamas war
Meta says it's stepping up safety enforcement during Israel-Hamas war
is expanding its enforcement of its policies against violent posts and misinformation amid the as charged images and posts balloon on social media. Meta and , formerly known as Twitter, have from Europe to stay vigilant on misinformation du...
2023-10-14 23:53:14
<b>Tether promotes CTO to CEO, taking over from mysterious crypto boss</b>
Tether promotes CTO to CEO, taking over from mysterious crypto boss
Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company, in a surprise move. Ardoino will take the reins from Jean-Louis van der Velde, a secretive crypto executive and entrepreneur, who ha...
2023-10-14 23:53:08
<b>MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC</b>
MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC
Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following with special purpose acquisition company . Bridgetown Holdings Limited is backed by Thiel Capital – PayPal co-founder Peter Thiel's venture c...
2023-10-14 23:53:02
<b>Why X and Meta face pressure from EU on Israel-Hamas war disinformation</b>
Why X and Meta face pressure from EU on Israel-Hamas war disinformation
Days after the Israel-Hamas war erupted last weekend, social media platforms like , TikTok and X (formerly Twitter) received a stark warning from a top European regulator to about and related to the conflict. The messages, from European Com...
2023-10-14 23:52:57
Elon Musk’s X illegally fired employee who challenged RTO plans: NLRB
Elon Musk’s X illegally fired employee who challenged RTO plans: NLRB
X broke the law in firing an employee who criticized management's return-to-work policy, the National Labor Relations Board alleged, in its first formal against the company formally known as Twitter. The NLRB's "Region 20" San Francisco bra...
2023-10-14 23:52:51
<b>Israel's tech community responds to Israel-Hamas war</b>
Israel's tech community responds to Israel-Hamas war
On Saturday, Dvir Ben-Aroya woke up expecting to go on his regular morning run. Instead, he was met with blaring alarms and missiles flying over Tel Aviv. Ben-Aroya, co-founder of Spike, a workplace collaboration platform with clients inclu...
2023-10-14 23:52:45
Microsoft closes Activision Blizzard deal after regulatory review
Microsoft closes Activision Blizzard deal after regulatory review
Activision Blizzard CEO Bobby Kotick will . Microsoft CEO , who took the helm in 2014, is aiming to diversify the company's business beyond its core areas such as operating systems and productivity software. Activision has been both a partn...
2023-10-14 23:52:40
<b>Generative AI will get a 'cold shower' in 2024, analysts predict</b>
Generative AI will get a 'cold shower' in 2024, analysts predict
The buzzy generative artificial intelligence space is due something of a reality check next year, an analyst firm predicted Tuesday, pointing to fading hype around the technology, the rising costs needed to run it, and growing calls for reg...
2023-10-13 15:57:38
Samsung earnings preview Q3 2023: Chip losses weigh on profit
Samsung earnings preview Q3 2023: Chip losses weigh on profit
Samsung Electronics earnings are expected to plunge nearly 80% in the third quarter, according to analyst forecasts, as the company's biggest profit-driving segment — semiconductors — continues to come under pressure. The South Korean t...
2023-10-13 15:57:32