Snowflake Chairman and CEO Frank Slootman attends the Snowflake Summit 2022, in Las Vegas, Nevasa, U.S., June 14, 2022. Snowflake | Via Reuters Shares of Snowflake dropped 19% in Thursday morning trading, a day after the cloud software company announced that billionaire CEO Frank Slootman will retire and be replaced by Sridhar Ramaswamy, former Google … Read more
Apple CEO Tim Cook attends the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple on Thursday said it is expanding its self-service repair program to include its MacBook Pro and iMac models powered by the latest M3 chip. The program, which Apple announced in 2021, … Read more
Startup Figure AI is developing general-purpose humanoid robots. Figure AI Figure AI, a startup working to build humanoid robots that can perform dangerous and undesirable jobs, just got a big vote of confidence from some of the largest names in artificial intelligence. The company said Thursday that it raised $675 million at a $2.6 billion … Read more
A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the emergence of OpenAI’s text-to-video tool Sora. Speaking exclusively to CNBC … Read more
Salesforce finished its fiscal 2024 on a strong note, as the enterprise software giant continued to deftly balance sales and profit growth. The company also boosted its stock buyback program, and management even tossed in its first-ever dividend — a sign of its confidence in the business. We’re still believers, too. Revenue increased 11% year-over-year … Read more
Chinese automaker Geely unveils first model of its new Lynk & Co brand in Berlin. Ullstein Bild Dtl. | Ullstein Bild | Getty Images BEIJING — Companies from Nvidia to Huawei are chasing the market for in-vehicle tech as the electric car industry booms, with Ecarx emerging as a new contender. Since 2017, Chinese car … Read more
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba‘s cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to … Read more
Close-up gloved hands holding detail microchip Wong Yu Liang | Moment | Getty Images Semiconductor firms such as Taiwan Semiconductor Manufacturing Company are at risk of water shortages as processing technology advances, S&P Global Ratings said in a report. Semiconductor chips are found in everyday consumer devices from smartphones to TVs. TSMC is the world’s … Read more
Online banking businessman using smartphone with Icon Fintech and Blockchain concept Sarinyapinngam | Istock | Getty Images For a second year, CNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be named in a published CNBC report this July. Nominations are now open for the top global … Read more
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo. Lucy Nicholson | Reuters Electronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games. EA employed 13,400 workers as of the end of March … Read more
