Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023. Sydney Boyo Arm reported fiscal third-quarter earnings that beat estimates and gave a strong profit forecast for the current quarter. The shares soared more than 20% in extended trading. … Read more
Los Angeles Lakers forward LeBron James (23) during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers on January 07, 2024, at Crypto.com Arena in Los Angeles, CA. Jevone Moore | Icon Sportswire | Getty Images The U.S. media world was rushing — panicking? — Wednesday to try to figure out … Read more
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65 … Read more
CNBC’s Jim Cramer on Monday suggested Tesla could lose its spot in the “Magnificent Seven” megacap stocks list. He said he’s waiting to see results from the electric vehicle giant’s upcoming earnings report, but said Tesla may have hit a “growth pause,” compared to its Big Tech peers that are still on the rise. If … Read more
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence. … Read more
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — The rise of generative artificial intelligence has dominated private and public discussion at the World Economic Forum as the world’s largest technology … Read more
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, … Read more
Sopa Images | Lightrocket | Getty Images Google launched several new tools for retailers using generative AI to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. The suite of new products includes a generative AI-powered chatbot that retailers can use on websites and mobile apps. The virtual … Read more
Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained … Read more
