Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation
House Republican leadership likely won't focus on antitrust legislation, giving a key victory to the tech giants of Google, Amazon and Apple.
CNBC Technology
Samsung to spend $228 billion on the world's largest chip facility as part of South Korea tech plan
Samsung Electronics said Wednesday it plans to invest 300 trillion Korean won ($228 billion) in a new semiconductor complex in South Korea.
Four days of panic: How startup execs navigated SVB's meltdown and prepared for the worst
When SVB failed last week, tech CEOs had a lot to worry about, most immediately how they would make payroll for March 15.
Bitcoin is already up 50% this year — beating stocks and gold
On Jan. 1, bitcoin began trading at just over $16,500. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday.
SVB's failure will have a ripple effect across technology 'for years to come'
Silicon Valley Bank's collapse is likely to be felt across the technology landscape globally over the coming years.
Meta to lay off 10,000 more workers after initial cuts in November
Meta is laying off 10,000 more employees following a major round of job cuts in November.
Google's working on an updated version of its medical A.I. that can answer health questions
Google said the second iteration of the technology, Med-PaLM 2, consistently performed at an "expert" level on medical exam questions.
Uber and Lyft shares rise after California court victory lets them classify drivers as contractors
A California appeals court reversed a lower-court ruling that had found Proposition 22 unconstitutional.
Apple reportedly delaying some employee bonuses as the company cuts costs
The shift is the latest example that Apple is cutting costs and watching corporate expenses closely during a rough patch for the tech industry.
OpenAI announces GPT-4, claims it can beat 90% of humans on the SAT
GPT-4 performed at the 90th percentile on a simulated bar exam, the 93rd percentile on an SAT reading exam, and the 89th percentile on the SAT Math exam, OpenAI claimed.
SVB's new CEO urges clients to 'help us rebuild our deposit base'
Tim Mayopoulos, who was appointed by regulators to run SVB, sent an email to clients on Tuesday telling them the bank is in business and wants their deposits.
Google is bringing A.I. chat to Gmail and Docs
Google has started testing features to create text with artificial intelligence in its Gmail and Google Docs applications.
Google, Meta, Amazon and other tech companies have laid off more than 95,000 employees in the last year
The tech industry has seen a string of layoffs in the face of uncertain economic conditions.
Amazon's drone business can't get off the ground as regulations, weak demand stymie progress
Amazon's drone delivery business has been bleeding cash as it tries to meet regulatory hurdles and incentivizes early customers to submit orders.
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won't be impacted by the collapse of SVB.
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
What the failures of Signature, SVB and Silvergate mean for the crypto sector
The failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
SVB's tech failings were a problem long before the bank run that led to its demise, critics say
A former Silicon Valley Bank employee and some SVB clients say the firm's inadequate technology created problems long before the run on the bank.
Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion
Silver Lake and CPP Investments acquire Qualtrics for $12.5 billion
GitLab loses one-third of its value after software company issues weak revenue forecast
GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.
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