Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
CNBC Technology
CEO of fitness band maker Whoop mocks the demise of Amazon's Halo health device
Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup after alleging that Amazon copied it; Amazon strongly denies the allegations.
Lawmakers update Kids Online Safety Act to address potential harms, but fail to appease some activists, industry groups
As Congress and President Joe Biden have made clear kids online protections are a key priority, KOSA has become one of the leading bills on the subject.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
Virgin Islands issued subpoena to Google co-founder Larry Page in lawsuit against JPMorgan Chase over Jeffrey Epstein
The U.S. Virgin Islands is suing JPMorgan Chase for alleged complicity in sex trafficking by Jeffrey Epstein.
Crypto has ‘lost its shine’ for institutional investors, says Northern Trust executive
Institutions lost interest in crypto after 2022 and their appetite for it hasn't come back yet, according to Northern Trust's Justin Chapman.
Google employees complain about CEO Sundar Pichai's pay raise as cost cuts hit rest of the company
Google CEO Sundar Pichai received $226 million last year, mostly through stock awards, making him one of the highest-paid CEOs in the U.S.
Britain launches probe into ChatGPT-style A.I. as regulators grow concerned by risks
The U.K. Competition and Markets Authority on Thursday launched an investigation into the artificial intelligence industry.
Westinghouse announces a new small nuclear reactor — a notable step in the industry's efforts to remake itself
Westinghouse announced on Thursday it is launching a small nuclear reactor, a miniature version of its flagship AP1000.
'We're not at the moon yet': Human-like A.I. is still some way off, early investor in Google's DeepMind says
We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology, an early investor in DeepMind told CNBC.
Shopify offloads logistics business to Flexport
The sale marks a reversal for Shopify, which had spent years building out its own logistics and order fulfillment operations.
Slack's getting an A.I. chatbot that can summarize messages, take notes and more
Slack plans to offer chatbot tech in a new way: in-app tools that allow users to shorten and adjust message tone, summarize missed messages and more.
Microsoft opens up Bing access and adds chat history and export features
The new version of Bing has yet to gain search advertising market share, but Microsoft has limited its availability. Now that's changing.
Qualcomm gives light forecast, phone chip sales fall 17%
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
Microsoft economist warns of A.I. election interference from 'bad actors'
Chief economist Michael Schwarz said that AI productivity risks weren't as worrying as bad actors who could meddle in elections or generate spam.
FTC proposes barring Meta from monetizing kids' data
According to the FTC, an independent assessor found "several gaps and weaknesses in Facebook's privacy program" that posed "substantial risks to the public."
Chegg shares rebound with 17% pop after losing almost half their value on ChatGPT concerns
Chegg CEO Dan Rosensweig told CNBC late Tuesday that the stock's 48% plunge during regular trading hours was "extraordinarily overblown."
Google is making it easier to log in to its services without a password
Instead of having to remember a password for each service you use, passkeys allow you to enter a PIN code or verify your identity with your fingerprint or face.
Unity Software to lay off 600 employees, or 8% of its workforce
Unity Software announced plans to cut about 600 jobs, or 8% of its workforce, according to a company filing.
FTC Chair Lina Khan says she's on alert for abusive A.I. use
Khan compared the current AI inflection point to the era in tech when Facebook and Google came to change communications, but with substantial privacy risks.
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