Former President Donald Trump said in an interview with Fox Business that Meta Platforms CEO Mark Zuckerberg called him after the former president survived an assassination attempt in July. Trump said Zuckerberg told him he would not support a Democrat because he ârespectedâ Trump for his ... Read more âș
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Elliott Management, a hedge fund based in Florida, said that Nvidia and other megacap technology stocks were in âbubble land,â according to a letter viewed by the Financial Times. The firm told its investors it is doubtful that technology companies will continue purchasing large quantities of ... Read more âș
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Former President Donald Trump said Mark Zuckerberg had apologized to him over a snafu with Meta Platformsâ AI chatbot, which briefly said Trump hadnât recently survived an assassination attempt. In an interview with Fox Business this week, Trump pulled Zuckerberg further into politics, saying ... Read more âș
0
Morgan Stanley on Friday told its roughly 15,000 financial advisers that they are allowed to pitch wealthy clients on investing in two bitcoin exchange-traded funds starting next Wednesday, CNBC reported, citing people with knowledge of the policy. The two funds are BlackRockâs iShares ... Read more âș
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The Justice Department sued TikTok and ByteDance on Friday for allegedly violating childrenâs privacy by collecting extensive data on kids under the age of 13 and failing to comply with parentsâ requests to delete such data. The complaint, which was filed in a California District court, alleges ... Read more âș
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Google has agreed to pay a licensing fee to chatbot maker Character.AI for its models and will hire its cofounders and many of its researchers, Characterâs leaders told staff on Friday. The leaders told Character staff that investors would be bought out at a valuation of about $88 per share, the leaders said in a meeting. Thatâs about 2.5 times the value of shares in Characterâs 2023 Series A, which... Read more âș
37
Stop whatever youâre doing and look up at the sky. Now give Brian OâToole, CEO of BlackSky Technology, a big smile. One of his companyâs 16 state-of-the-art satellites might be passing overhead, ready to take your picture. âThe plain-English thing about what we do is we have a satellite flying over your house every hour,â said OâToole. Take a little comfort: Those satellites donât actually have sharp enough vision to... Read more âș
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Higher interest rates have been a boon for Circle Internet Financialâs business. Now, with the threat of a Federal Reserve rate cut looming and timing for a planned initial public offering up in the air, the stablecoin issuer is finding ways to branch out. Boston-based Circle generates revenue mostly from earning interest on the tens of billions in cash, Treasuries and other assets that back its popular USDC stablecoin. Circle... Read more âș
6
Apple is pressuring Tencent and ByteDance, two of Chinaâs biggest tech firms, to close loopholes that let developers of mini-programs bypass Appleâs app commissions, Bloomberg reported. The move comes as Apple looks to shore up revenue in China but could draw more anti-trust scrutiny from ... Read more âș
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Intel said Thursday that it would cut 15,000 jobs or more than 15% of its workforce over the next two years and embark on a $10 billion cost-reduction plan to improve its competitiveness. The announcements came after Intel reported that revenue in the second quarter of this year shrank by 1% ... Read more âș
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Antitrust officials in the U.S. Department of Justice have begun reaching out to Nvidia competitors, including chip giants such as Advanced Micro Devices, to investigate complaints about alleged anticompetitive practices, The Information reported on Thursday. Officials are looking into whether ... Read more âș
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Antitrust officials at the U.S. Department of Justice are investigating complaints that Nvidia is allegedly abusing its market dominance in selling chips that power artificial intelligence. In recent weeks, U.S. officials reached out to several Nvidia competitors, including Advanced Micro Devices and AI chip startups, to gather information about the complaints, according to two people involved in the discussions. The issues range from allegations that Nvidia has threatened to punish... Read more âș
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We want to start this eveningâs Briefing by congratulating and thanking all the people who were involved in securing the release of Wall Street Journal reporter Evan Gershkovich and other prisoners from Russia, in a major victory for press freedom. Make sure to read The Journalâs story about the remarkable effort to rescue him here.Now on to the dayâs tech newsâŠAmazon's Slowing Ad GrowthHold those horses! Amazonâs giant ambitions in... Read more âș
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Food-delivery platform DoorDash reported that its revenue in the latest quarter was $2.63 billion, 23% higher than in the same period last year and beating analystsâ expectations. It also said that it narrowed its net loss to $158 million, compared to $172 million in the second quarter of 2023, ... Read more âș
0
Amazon Web Services revenue grew 19% year-over-year to $26.3 billion in the second quarter, AWSâs fastest growth since 2022 but still a significantly lower growth rate than at smaller cloud rivals Microsoft and Google. On a call with reporters, Amazon CFO Brian Olsavksky said generative ... Read more âș
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Selling online ads is great if youâre Meta Platforms. For the rest, itâs increasingly blah. Snap joined a parade of internet companies to warn digital advertising growth was cooling, catching Wall Street by surprise. The news took 20% off the price of Snap shares in after-hours trading Thursday. The parent of Snapchat said it expects third-quarter revenue to rise between 12% and 16%, slower than 16% in the second quarter... Read more âș
10
Coinbase, the largest U.S. crypto exchange, said revenue doubled to $1.4 billion in the second quarter from a year earlier, driven by higher crypto trading activity as well as subscription and services revenue. Net income was $36 million, Coinbaseâs third consecutive quarterly profit, though it ... Read more âș
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Leslie Feinzaig, a venture capitalist and founder of the community group Female Founders Alliance, buys web addresses often, usually shortly after she develops a new idea. âI have an embarrassingly long list of URLs,â she said in an interview Thursday afternoon. However, few of these URLs have sparked a movement in venture capital quite like VCsForKamala.org. The list of venture capitalists pledging their support for Vice President Kamala Harris featured... Read more âș
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Snap shares fell more than 20% in after-hours trading on Thursday after the company said revenue could grow more slowly during the third quarter. Revenue at the Snapchat parent rose 16% to $1.2 billion in the second quarter from the same period last year, slower than the first quarterâs 21% ... Read more âș
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Appleâs iPhone sales declined slightly, but the companyâs services and iPad businesses came through, lifting overall sales 5% in the June quarter. Apple said its total sales for the quarter ended June 29 rose to $85.78 billion from $81.8 billion in the same period a year earlier, as net income ... Read more âș
0
Most popular sources
Business Insider
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25% 12 |
Tech Wire Asia
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14% |
CNET
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7% 0 |
The Verge
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6% 3 |
Gizmodo
|
6% 1 |
| View sources » | |
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26.11.2024 03:36
Last update: 03:30 EDT.
News rating updated: 10:30.
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