Watch: Former Twitter executives testify before the House Oversight Committee
The hearing is an early show of how newly empowered Republicans in the House will wield their influence on tech issues.
CNBC Technology
Chinese tech giant Alibaba working on a ChatGPT rival; shares jump
Alibaba joins a flurry of technology firms including Google and Baidu to respond to OpenAI and Microsoft's ChatGPT AI chatbot.
Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobs
Meituan's hiring spree is in contrast to Silicon Valley technology giants from Microsoft to Alphabet that have laid off thousands of workers.
ByteDance is testing food delivery service via its Chinese version of TikTok
ByteDance's Douyin is trialing a food delivery service in China "that enables merchants to promote and sell 'group-buying' packages."
Zoom to lay off 1,300 employees, or about 15% of its workforce
Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post shared to the company's website.
Facebook co-founder Moskovitz funds research into cooling the Earth with sunlight reflection
The Degrees Initiative announces $900,000 in funding for scientists in Africa, Asia and South America to research sunlight reflection to fight climate change.
Crypto exchange Binance will suspend U.S. dollar transfers
Binance said it would suspend U.S. dollar withdrawals and deposits beginning Feb. 8.
Ebay plans to lay off 500 employees, about 4% of its workforce
Ebay CEO Jamie Iannone said the company decided to do layoffs after examining the global macroeconomic environment over the past several months.
Billionaire Tesla bull Ron Baron says Musk suggested he would make multiples on his $100 million Twitter investment
Tesla CEO Elon Musk suggested billionaire investor Ron Baron would make "two or three times" his investment in Twitter's take-private deal, Baron said Tuesday.
Biden plans to go after social media and kids’ mental health in SOTU speech
President Joe Biden will discuss data privacy and online safety when he delivers State of the Union address
Microsoft likely to reveal ChatGPT-related service at event on Tuesday
Microsoft on Monday announced plans to host a news event that could be related to the AI chatbot ChatGPT.
Winklevoss twins' crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery
Gemini, the crypto exchange controlled by the Winklevoss twins, will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.
Nintendo cuts sales forecast for its ageing Switch console after disappointing holiday season
Nintendo said it now expects to sell 18 million Switch units for the fiscal year ending March 2023, down from a previous forecast of 19 million.
SoftBank's Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant
SoftBank's flagship investment arm, the Vision Fund, has been hit by a slump in technology valuations over the past year.
Pinterest shares slip on fourth-quarter revenue miss and weak forecast
Pinterest reported revenue for the fourth quarter that missed analysts' estimates
Bitcoin struggles around $23,000 level as new-year rally loses steam
Bitcoin dropped below $23,000 Sunday, bringing the cryptocurrency's monthly gain to less than 1%.
Dell to lay off 6,650 workers, or 5% of its workforce
Dell on Monday announced plans to lay off more than 6,650 employees, or about 5% of its workforce.
Amazon scales back cargo flying as demand cools, contractor says
Air Transport Services Group said Amazon will be flying less in response to slowing consumer demand and a worsening economic outlook.
Retailers in China enact rare price cuts for Apple's high-end iPhone 14 line
Price cuts to Apple's iPhone 14 Pro and Pro Max in China come amid a smartphone demand slump in the world's second-largest economy.
A prominent UK cybersecurity stock is under attack from short sellers. Here's what you need to know
Cybersecurity firm Darktrace was targeted in a short seller report from New York-based asset manager Quintessential Capital Management.
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