LONDON, UK – JUNE 12: The 9th edition of the Artificial Intelligence Summit kicks off with the participation of international technology companies, in London, United Kingdom on June 12, 2024. (Photo by Rasid Necati Aslim/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.K. government has canceled £1.3 billion ($1.7 billion) worth of … Read more
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023. EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It launched on public clouds from Amazon and Google. However, after EzDubs went through the Y Combinator … Read more
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts’ estimates. The company reported revenue for Amazon Web Services of $26.28 billion. Analysts surveyed by StreetAccount had expected $26.02 billion. AWS is … Read more
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Smith Collection | Gado | Getty Images Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts’ expectations for revenue. Here is how the company did, … Read more
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its … Read more
Jaques Silva | Lightrocket | Getty Images Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street’s expectations and offered a rosy revenue forecast. Revenue in the period increased 22% to $39.07 billion from $32 billion a year earlier, Meta said late Wednesday. Analysts were expecting revenue of $38.31 … Read more
The eponymous sign outside Epic headquarters in Verona, Wisconsin. Source: Yiem via Wikipedia CC It’s about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals will be able to securely release their health data to different apps they … Read more
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Microsoft‘s relationship with OpenAI has officially become more complicated. On Tuesday, Microsoft added the artificial intelligence startup to the list of competitors in the … Read more
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024. Justin Sullivan | Getty Images Anne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover below $1. Wojcicki said she was prepared to acquire all … Read more
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker issued light earnings guidance for the current quarter and the full fiscal … Read more
