Apple has announced a temporary pause in the sales of two of its latest Apple Watch models in the United States. This action is due to an ongoing intellectual property dispute surrounding the Blood Oxygen feature included in these watches. The decision follows two orders from the U.S. International Trade Commission (ITC) that impose restrictions
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In a recent development, Microsoft-owned video game publisher Activision Blizzard has reached a settlement agreement with a California state agency over allegations of gender discrimination. The California Civil Rights Department accused the company of denying promotions and paying women less than their male counterparts. As part of the settlement, Activision Blizzard will pay approximately $55
The proliferation of disinformation on social media platforms continues to be a concerning issue, and now, TikTok has come under scrutiny for the spread of fake accounts spreading false narratives about Russia’s war in Ukraine. The Chinese social media giant has revealed data showing that millions of people were targeted with content that aimed to
General Motors’ Cruise is facing yet another setback as the company announced internally that it will be laying off 900 employees, accounting for 24% of its workforce, according to a confirmation from the company to CNBC. The layoffs primarily targeted commercial operations and related corporate functions, further adding to the turmoil that the robotaxi startup
Adobe, the software maker, saw a sharp drop in its shares during extended trading on Wednesday following the release of a forecast for 2024 that fell short of expectations. While the company’s earnings per share of $4.27 and revenue of $5.05 billion exceeded consensus estimates for the fiscal fourth quarter, its projection for the new
Recently, a federal jury reached a decision regarding a lawsuit filed by Epic Games against Google. The jury determined that Google’s app store engaged in anticompetitive behavior. While this ruling poses potential consequences for Google’s app store, it is unlikely to have a significant impact on the company’s revenue. Nonetheless, this decision could potentially strengthen
Amazon, the e-commerce giant known for its bold visions of using drones to deliver packages, has recently suffered a setback with the departure of Sean Cassidy, the director of safety, flight operations, and regulatory affairs in its drone delivery unit, Prime Air. This departure comes as a blow to Amazon, as Cassidy played a crucial
In a surprising move, Elon Musk, the CEO of Tesla and SpaceX, recently reinstated the account of notorious conspiracy theorist Alex Jones on the social media platform X (formerly Twitter). This decision comes after a year-long suspension of Jones for violating X’s “abusive behavior policy.” Previously, Jones faced a defamation lawsuit for spreading false claims
Google recently launched its highly anticipated artificial intelligence (AI) model called Gemini. While the company touted its capabilities and presented a demonstrative video to showcase its potential, it is now facing scrutiny due to the video’s misleading nature and the discrepancy between expectations and reality. The six-minute demonstration video highlights some of the remarkable abilities
CNBC is excited to announce that nominations are now open for the 2024 Disruptor 50 list, the annual recognition of the most innovative venture-backed companies. These companies are using breakthrough technology to tackle the growing economic and consumer challenges of today. With the deadline for submissions on Friday, Feb. 16 at 11:59 pm EST, the