Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025
Nintendo shares fell nearly 6% after a report said the launch of the Switch 2, the next version of its flagship gaming console, would be delayed until 2025.
CNBC Technology
Singapore's AI ambitions get a boost with $740 million investment plan
Singapore will invest more than 1 billion Singapore dollars (about $743 million) over the next five years for AI, said Finance Minister Lawrence Wong on Friday.
EU reportedly set to fine Apple 500 million euros amid antitrust crackdown
The European Commission is set to fine Apple a historic 500 million euros over alleged breaches of EU competition law, the Financial Times reports
Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin
Around $10 billion of value was wiped off Sony's stock this week after it cut its sales forecast for its flagship PlayStation 5 console for the fiscal year.
What the U.S. can learn from Norway when it comes to EV adoption
Norway has the highest EV adoption rate in the world. 82% of new car sales in Norway were electric in 2023. Here's how the Scandinavian country pulled it off.
Microsoft, Google, Amazon and tech peers sign pact to combat election-related misinformation
A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation heading into the 2024 elections.
Coinbase shares surge after posting first quarterly profit in two years
Shares of cryptocurrency exchange Coinbase soared Friday after the company reported its first profit in two years.
Crypto venture funding climbs for first time in nearly 2 years after bitcoin's stellar run
It marks the first time that venture VC investments in crypto startups have risen since the March quarter of 2022.
Richard Branson and Oppenheimer's grandson urge action to stop AI and climate 'catastrophe'
Billionaire Virgin Group founder Richard Branson is among several high-profile names calling on leaders to address existential risks of AI and the climate crisis.
OpenAI just revealed new software that lets you create realistic video by simply typing a descriptive sentence
OpenAI announced Thursday it has expanded beyond text and images to offer video-generation AI for the first time.
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
Toast said it would lay off 550 employees, resulting in $45 million to $55 million charges, mostly in the first quarter.
Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
The sale comes after two separate sales of about 12 million shares each.
Trade Desk shares soar on revenue beat and strong guidance
Shares of The Trade Desk jumped over 18% on strong first-quarter guidance and a sales beat.
Nvidia holdings disclosure pumps up shares of small AI companies
A filing from Nvidia late Wednesday shows the chipmaker has stakes in a handful of public companies.
Microsoft will bring four Xbox games to other companies' consoles
Microsoft said Thursday that it will release four of its video games on competing consoles, signaling a shift in strategy.
The way AI will be sold to a skeptical public is starting to become clear
AI was a prominent theme in Super Bowl advertising, with companies from Microsoft to Google pitching artificial intelligence to the public.
Here's how ed-tech company 2U spiraled from $5 billion to 'going concern'
2U warned this week that it could cease to be a going concern as it faces $900 million in debt and another quarter of losses.
SpaceX files to move incorporation site from Delaware to Texas
After a Delaware court ordered Tesla to rescind CEO Elon Musk's $56 billion 2018 pay package, the billionaire plans to move SpaceX's incorporate site to Texas.
TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand
Shares of TSMC reached its highest level in history on Thursday.
Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year.
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