Technology companies are experiencing a shift in mindset as they transition from a phase of rapid expansion to one of discipline and cost management. In the wake of their fourth-quarter earnings reports, both Meta and Amazon have seen a surge in their stock prices. While their revenue surpassed expectations, the real story lies in their
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U.S. chip giant Advanced Micro Devices (AMD) is placing its bets on AI PCs as it aims to take on its rivals Nvidia and Intel in the increasingly competitive AI market. In an exclusive interview with CNBC, Victor Peng, president of AMD, expressed confidence in the expanding market for AI PCs, projecting increased adoption in
The Senate Judiciary Committee held a tense and emotionally charged hearing this week, focusing on the role social media companies play in the exploitation of children. Lawmakers expressed their frustration and accused tech executives, including Mark Zuckerberg of Meta, Shou Zi Chew of TikTok, and Linda Yaccarino of X, of failing to adequately protect young
In a significant blow to Tesla CEO Elon Musk, a Delaware judge recently invalidated his $56 billion pay package. This ruling came after the company’s board of directors failed to demonstrate the fairness of the compensation plan. The decision had an immediate impact on Tesla’s stock price, causing a 3% decline in after-hours trading. Elon
Elon Musk’s neurotech startup, Neuralink, has achieved a significant milestone in its mission to develop cutting-edge brain implant technology. On Sunday, the company successfully implanted its device in a human for the first time. Musk himself shared the news, stating that the patient is “recovering well.” This groundbreaking achievement brings us one step closer to
OpenAI, a leading artificial intelligence (AI) company, announced its partnership with Common Sense Media to develop an initiative aimed at educating teenagers on how to use AI responsibly and safely. The collaboration intends to make AI tools widely accessible, particularly within educational settings, while ensuring that young individuals comprehend the associated risks and benefits. Common
Bitcoin, the leading cryptocurrency, continued its upward momentum on Monday as it broke above the $43,000 mark. This surge in price indicates a significant recovery for Bitcoin, which experienced substantial losses after the long-awaited approval of spot Bitcoin ETFs. Currently, Bitcoin is trading at $43,102.26, showcasing a nearly 3% increase, according to Coin Metrics. Despite
When Apple unveiled the iPhone in 2007, the late Steve Jobs proclaimed it as a “revolutionary product” that would redefine the smartphone category. However, the initial reception was far from what investors had hoped for. The first few days of sales were a disappointment, leading some to believe that the product was dead on arrival.
In a recent court filing, it was revealed that Binance founder Changpeng “CZ” Zhao had requested to travel to the United Arab Emirates (UAE) for what was described as “hospitalization and surgery” of an undisclosed person in his life. Despite offering to post his Binance equity, worth $4.5 billion, as security for his return to
In a recent regulatory filing, Hewlett Packard Enterprise (HPE) admitted that its cloud-based email system fell victim to a cyber attack orchestrated by the Russian state-sponsored hacking group known as Midnight Blizzard or Cozy Bear. The breach occurred in May 2023, and HPE was informed about it in December of the same year. This article