Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at … Read more
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images As Tesla CEO Elon Musk continues to make lofty promises about his company’s future in autonomous driving and … Read more
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a … Read more
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Futures for Australia’s S&P/ASX 200 stood at 7,952, slightly lower than their last close of 7,971.1. The country saw its private sector activity expand at a slower pace in July, with … Read more
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion. “This new round of funding will enable Waymo to continue to build the world’s leading autonomous driving company,” … Read more
Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. Here’s what analysts are expecting: Earnings per share: $1.84, according to LSEG Revenue: $84.19 billion, according to LSEG Wall Street is also watching several other numbers in the report: YouTube advertising revenue: $8.93 billion, according to StreetAccount Google Cloud revenue: $10.20 … Read more
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. Daniel Acker | Bloomberg | Getty Images Google on Monday announced a bold move that has some big implications for advertisers and the future of the internet. The U.S. internet giant said late Monday it is reversing … Read more
Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Justin Sullivan | Getty Images Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest ever deal, telling employees it would pursue … Read more
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty Images After years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by advertisers — for its internet browser Chrome. Cookies are small … Read more
