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Technology

Technology

SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket...

by admin September 26, 2023
Technology

FTC and 17 states sue Amazon on antitrust charges

The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon. In a sweeping complaint filed in federal court in Seattle on Tuesday,...

by admin September 26, 2023
Technology

Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year

Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This...

by admin September 26, 2023
Technology

‘Cash-flow’ podcaster made off with millions in Ponzi scheme, SEC alleges

People exit the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C., on May 12, 2021. Andrew Kelly | Reuters An Ohio...

by admin September 25, 2023
Technology

iPhone 15 Pro analysis unveils Qualcomm modem and easier-to-repair smartphone frame

Kif Leswing/CNBC Apple’s iPhone 15 Pro and iPhone 15 Pro Max have a new frame design, which could make repairing the devices’ screens or...

by admin September 25, 2023
Technology

Microsoft is hiring a nuclear energy expert to help power its AI and cloud data centers

Microsoft CEO Satya Nadella speaks at an event on the company’s campus in Redmond, Washington, on Feb. 7, 2023. Chona Kasinger | Bloomberg |...

by admin September 25, 2023
Technology

Disney asset sales won’t break the bank, but they will move legacy media forward

Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York...

by admin September 17, 2023
Disney asset sales won't break the bank, but they will move legacy media forward
Technology

Hollywood is paying a steep price for never really figuring out the streaming model

People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11,...

by admin September 17, 2023
Hollywood is paying a steep price for never really figuring out the streaming model
Technology

Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation

Sequoia Capital and Andreessen Horowitz, two of Silicon Valley’s most high-profile venture firms, are poised to take a massive hit on their last investment...

by admin September 15, 2023
Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation
Technology

Senators ask Pentagon for answers on SpaceX’s Starlink service in Ukraine

Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023....

by admin September 15, 2023
Senators ask Pentagon for answers on SpaceX’s Starlink service in Ukraine
Technology

Instacart aims for valuation of up to $10 billion in upcoming IPO

Fidji Simo, CEO of Instacart Inc., speaks during an interview in San Francisco, March 3, 2022. David Paul Morris | Bloomberg | Getty Images...

by admin September 15, 2023
Instacart aims for valuation of up to  billion in upcoming IPO
Technology

Arm’s second trading day is more subdued, but valuation still tops $60 billion

Arm Holdings jumped another 6% on Friday at the market open, but those gains cooled off some in its second day of trading after...

by admin September 15, 2023
Arm's second trading day is more subdued, but valuation still tops  billion
Technology

Arm is trading at a premium to Nvidia after IPO pop even though it’s a ‘no-growth company’

Arm’s Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. But it’s a head-scratcher...

by admin September 14, 2023
Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
Technology

DoorDash will switch to Nasdaq from the NYSE in blow to Big Board

Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, Oct. 22, 2019....

by admin September 14, 2023
DoorDash will switch to Nasdaq from the NYSE in blow to Big Board
Technology

Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement

Oracle Co-founder Larry Ellison, left, and Microsoft Co-founder Bill Gates watch a match between Gael Monfils of France and Alexander Zverev of Germany during...

by admin September 14, 2023
Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
Technology

Arm climbs 25% in Nasdaq debut after pricing IPO at $51 a share

Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in...

by admin September 14, 2023
Arm climbs 25% in Nasdaq debut after pricing IPO at  a share
Technology

Elon Musk, Mark Zuckerberg, Bill Gates and other tech leaders in closed Senate session about AI

Elon Musk and Palantir co-founder & CEO Alex Karp attend a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate...

by admin September 13, 2023
Elon Musk, Mark Zuckerberg, Bill Gates and other tech leaders in closed Senate session about AI
Technology

Arm prices IPO at $51 per share, valuing company at over $54 billion

The Arm U.S. headquarters in San Jose, California, Sept. 6, 2023. David Paul Morris | Bloomberg | Getty Images Arm, the chip design firm...

by admin September 13, 2023
Arm prices IPO at  per share, valuing company at over  billion
Technology

Google is cutting hundreds of jobs in its recruiting organization

Google workers walk outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion,...

by admin September 13, 2023
Google is cutting hundreds of jobs in its recruiting organization
Technology

MGM Resorts says cyberattack could have material effect on company

The Park MGM hotel and casino in Las Vegas, July 28, 2023. Bridget Bennett | Bloomberg | Getty Images MGM Resorts on Wednesday said...

by admin September 13, 2023
MGM Resorts says cyberattack could have material effect on company
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