Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Monday, the company said the new … Read more
Google Cloud and the German health-care company Bayer on Tuesday announced they are building an artificial intelligence-powered platform that aims to help radiologists diagnose patients and work through cases more quickly. The platform’s generative AI flags anomalies within images for radiologists to look at, and it can also pull up relevant information from that patient’s … Read more
We’ve become prisoners of short-rate forecasts. Yeah, the ones controlled by the Federal Reserve. But those fearless investors who have broken out of this self-imposed mental jail are enjoying bountiful returns. Sure, it appears to be nothing but alchemy to the jailers and their powerful protagonists in the media. But does it matter? They don’t … Read more
A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie area. It is expected to have the capacity to store more than 1 billion metric tons of carbon dioxide in underground geologic structures. Yi-Chin Lee … Read more
A pair of Wall Street surveys point to increasing strength on both sides of Amazon ‘s business — more evidence of a cloud-computing comeback and resilient online spending from consumers. Internet analysts at Mizuho Securities said this week they see an “accelerating sales cycle” underway at Amazon Web Services, citing the results of its quarterly … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good news is good news: The … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two firms raised their price targets on the … Read more
A rendering of Amazon’s 42-story office tower in Bellevue, Washington. Amazon Amazon is resuming construction on a 42-story office tower in the Seattle suburb of Bellevue, the company said Thursday, after 22 floors of the building sat unfinished since 2022. The company in 2022 paused work on five towers in the Bellevue area, along with … Read more
Robert Iger, President and CEO of Walt Disney Company announces a $5 million dollar donation with Mickey Mouse for the New Hospital Building at Children’s Hospital Los Angeles, October 30, 2006 in Los Angeles, California. Bob Riha Jr | Archive Photos | Getty Images This report is from today’s CNBC Daily Open, our international markets … Read more
Attendees walk through an expo hall during Amazon Web Services’ Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022. Noah Berger | Getty Images Entertainment | Getty Images Amazon‘s cloud computing division is laying off hundreds of employees in its physical stores technology and sales and marketing units, the company confirmed Wednesday. … Read more
