China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows
The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to T&E research.
CNBC Technology
Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race.
SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems
Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, reached a settlement with the SEC on insider trading charges announced Tuesday.
The UK is regulating memes about crypto and other investments to curb scams from 'finfluencers'
The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not misleading.
Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues
Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.
Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges
WeWork founder Adam Neumann is reportedly trying to buy back the company that ousted him in 2019, but he faces plenty of hurdles to get there.
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
Warren Buffett-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.
FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
Sam Bankman-Fried's bankrupt crypto exchange reached an agreement to sell the majority of its stake in the artificial intelligence startup Anthropic.
Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.
Apple announces its big annual conference, where it could reveal its AI strategy
Apple typically reveals the latest versions of its iPhone, iPad, Mac and Apple TV software at WWDC via a "keynote" video on the first day, led by CEO Tim Cook.
Texan bitcoiners start mining in Argentina, where peso is in freefall
Texan bitcoin miner Giga Energy has opened a site in Argentina, a country that has embraced the cryptocurrency.
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Amazon launches same-day prescription delivery in New York and Los Angeles
Amazon, which rolled out its online pharmacy service in 2020, is adding prescription medications to its roster of same-day delivery items.
EU launches probe into Meta, Apple and Alphabet under sweeping new tech law
The EU's probes into Apple, Alphabet and Meta are under the Digital Markets Act and focuses on the practices carried out by these tech giants on their services.
Elon Musk requires ‘FSD’ demo for every prospective Tesla buyer in North America
Tesla CEO Elon Musk sent an email to employees on Monday informing them they have to show customers how to use "FSD" before making delivery in North America.
Apple could double down on China market, Wedbush says, as iPhone sales drop
Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday.
Microsoft picks company veteran Pavan Davuluri to lead Windows and Surface
Microsoft said Monday it has selected company veteran Pavan Davuluri to run its groups working on the Windows operating system and Surface devices.
Reddit shares rise 30% to start week after social media company's IPO
Reddit shares climbed 30% to $59.80 at the market's close on Monday.
Software startup Recurrent helps used EV buyers know how much life is left in a vehicle
Recurrent aims to do for electric vehicle batteries what odometers do for fuel-powered cars: show the wear and tear on the battery and its future value.
U.S. and Britain accuse China-linked hackers of ‘malicious’ cyber campaigns, announce sanctions
The U.S. and U.K. on Monday accused Chinese state-affiliated hackers of being behind cyber campaigns targeting political figures.
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