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Tech
Bitcoin slides toward $90,000 after Trump orders tariffs
U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price…
Dub: the copy trading app that has teens talking
Social media changed everything from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it…
DeepSeek was downloaded by millions. Deleting it might come next
This week's news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market.Leon Neal | Getty…
Shein app relaunches in India with Reliance partnership
Chinese fast-fashion platform Shein has relaunched in India through a partnership with local conglomerate Reliance’s retail chain, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing.
The new…
Apple (AAPL) Q1 earnings 2025
Apple's overall revenue rose 4% in its first fiscal quarter, but it missed on Wall Street's iPhone sales expectations and saw sales in China decline 11.1%, the company reported Thursday. But shares rose about 3% in extended trading after…
TikTok Traffic Bounces Back as Creators Diversify Amid Shutdown Fears
Muhammed Selim Korkutata | Anadolu | Getty ImagesTikTok has nearly bounced back to its original traffic levels after usage fell 85% when the app temporarily shut down earlier this month, according to Cloudflare Radar."DNS traffic for…
Adobe exec Scott Belsky departs for indie movie studio A24
Adobe’s chief strategy officer Scott Belsky announced this week that he will be joining A24, the independent movie studio behind “Civil War,” “Everything Everywhere All At Once,” and many more titles.
Belsky first joined Adobe in 2012…
DeepSeek Nvidia chip questions: Singapore responds
Singapore's Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China's DeepSeek to produce its…
India pledges fresh billion for startups
India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s…
Atlassian closes at highest since 2022 on strong earnings, outlook
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023.Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 14.9% after the software company blew past Wall Street's fiscal…
Google offers ‘voluntary’ buyouts to hardware and platform teams
Google's Senior Vice President Hardware, Rick Osterloh, speaks during a launch event in San Francisco, October 4, 2017.Stephen Lam | ReutersGoogle is offering buyouts to employees in its "Platforms and Devices" unit ahead of expected…
Sam Altman’s ousting from OpenAI has entered the cultural zeitgeist
The lights dimmed as five actors took their places around a table on a makeshift stage in a New York City art gallery turned theater for the night. Wine and water flowed through the intimate space as the house — packed with media — sat…
China’s DeepSeek has some big AI claims; not all experts are convinced
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI's and cost a fraction of the price to build.The assertions — specifically that DeepSeek's large language model cost…
Intel has already received $2.2B in federal grants for chip production
Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call.
Dave Zinsner,…
Samsung fourth-quarter profit falls short of estimates as AI demand remains strong
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported better-than-expected fourth-quarter revenue, though its operating…
ElevenLabs, the hot AI audio startup, confirms $180M in Series C funding at a $3.3B valuation
ElevenLabs, one of the more popular startups working in the field AI audio, said Thursday that it has raised a Series C round of $180 million, valuing the company at $3.3 billion post-money. a16z and ICONIQ Growth are co-leading…
Microsoft stock slumps more than 6% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCMicrosoft shares dropped more than 6% after issuing weak current-quarter…
Tesla reports $600 million profit boon from digital assets rule change
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024.Joe Skipper | ReutersTesla's bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change…