Meta’s continued rally could hinge on fortunes of Temu and Shein

Meta’s continued rally could hinge on fortunes of Temu and Shein

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Shu Zhang | Reuters Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens … Read more

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and … Read more

AMD earnings report Q4 2023

AMD earnings report Q4 2023

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.  Steve Marcus | Reuters AMD reported fourth-quarter earnings on Tuesday that were in line with analyst expectations, while the company’s revenue beat estimates, but AMD offered … Read more

The future of computing and entertainment

The future of computing and entertainment

Apple Vision Pro Todd Haselton | CNBC It’s night. I’m at a lake near Oregon’s Mount Hood, sitting on the beach. Jazz music is playing as I write. I’m not in the real world. Well, I sort of am.  I’m wearing Apple’s new Vision Pro headset, which looks like a fancy pair of glowing ski … Read more

OpenAI is working on AI education, safety initiative with Common Sense

OpenAI is working on AI education, safety initiative with Common Sense

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Denis Balibouse | Reuters OpenAI said Monday that it’s partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. “We want … Read more

Intel on pace for worst day since 2020 on weak outlook

Intel on pace for worst day since 2020 on weak outlook

Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023.  Intel shares slumped 12% on Friday and headed for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short of analysts’ estimates. In its earnings report … Read more

Intel (INTC) earnings report Q4 2023

Intel (INTC) earnings report Q4 2023

Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates. Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December: Earnings per share: 54 … Read more

Apple opens up iPhone app store in Europe

Apple opens up iPhone app store in Europe

Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple announced plans to open up … Read more

TikTok cuts about 60 jobs as January layoffs continue across tech

TikTok cuts about 60 jobs as January layoffs continue across tech

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images TikTok has cut about 60 jobs, CNBC confirmed, the latest tech company to downsize at the start of 2024. A company spokesperson said all of those who were laid off “may … Read more

AMD’s stock surge leads analyst to a ‘heck if we know’ rating

AMD’s stock surge leads analyst to a ‘heck if we know’ rating

Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Images Demand for graphics processing units — the artificial intelligence chips that power programs such as ChatGPT — has been surging for months, leading to significant … Read more