Texas AG sues Facebook for allegedly collecting facial-recognition data without consent
Texas Attorney General Ken Paxton accused the Facebook parent company of illegally collecting biometric data on users without their consent.
CNBC Technology
China's tech giants push toward an $8 trillion metaverse opportunity — one that will be highly regulated
China's technology giants from Tencent to Alibaba and ByteDance are investing in the metaverse, a market that could be worth $8 trillion in the future.
Frozen embryos will keep accused $4.5 billion bitcoin money launderers from fleeing U.S., lawyer says in bail bid
Heather Morgan and Ilya Lichtenstein are accused of a conspiracy to launder bitcoin that was stolen in the 2016 hack of Bitfinex, a cryptocurrency exchange.
British authorities just seized NFTs for the first time, in a £1.4 million fraud probe
Officials at Her Majesty's Revenue and Customs seized three non-fungible tokens as part of a probe into suspected tax fraud.
Are tech giants 'sunsetting'? Strategists warn of big tech under pressure
Investors looking at tech giants in both the U.S. and China need to be cautious, as these firms are facing a myriad of issues, a couple of investment managers told CNBC this week.
These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling
Brent Whitehead and Matt Lohstroh are mining bitcoin off flare gas from oil drilling.
Ukraine tensions, inflation push chip stocks even lower
Chipmakers had been boosted by increased demand during the pandemic and have generally reported strong earnings and outlooks in the past month.
China's biggest chipmaker SMIC posts record revenue despite U.S. sanctions
SMIC, China's largest chipmaker, is seen as a key player in Beijing's ambitions to become more self-sufficient in the semiconductor industry.
Splunk shares spike on report of Cisco buyout offer
Splunk is growing faster than as it focuses on delivering cloud services to customers.
Former Amazon employee sentenced to 10 months in prison for involvement in bribery scheme
The DOJ in 2020 indicted six individuals, including two former Amazon employees, for allegedly bribing insiders to gain an upper hand on the online marketplace.
National Football League has been lobbying the SEC on blockchain technology
The National Football League has been lobbying the Securities and Exchange Commission on blockchain technology.
Delivery Hero CEO apologizes to investors after 30% stock plunge, vows to stay the course
Delivery Hero CEO Niklas Ostberg said he's "truly sorry for all shareholders" after the food delivery firm's stock price plunged 30% on Thursday.
The future of digital health is being consolidated, and that could be good for you
Digital health start-ups are seeing record levels of VC investing and exits, but there's been a major shift in how the market thinks about the space.
Playboy wants to build a new mansion in the metaverse
Playboy has plans to reboot its brand in the digital world through NFTs, digital subscriptions and a new mansion in the metaverse.
Sustainable aviation fuel costs more but consumers will be willing to pay, IATA chief says
Looking ahead, Willie Walsh said airlines had ordered 14 billion liters of SAF.
Didi drops after Tencent clarifies it did not buy new shares in the Chinese ride-hailing giant
Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators.
Europe wants to become a leader in chips. But it's going to need help
Chips are critical for products from refrigerators to cars and smartphones, but a global crunch has impacted industries across the board.
Tesla sued by California civil rights agency, which alleges racist treatment of Black employees
California's Department of Fair Employment and Housing says it conducted a three-year-long investigation and received hundreds of complaints from Tesla workers.
Chinese EV maker Xpeng to open first retail store in Europe in biggest international push yet
Xpeng's push into Europe with retail stores marks its most significant international expansion drive yet as it aims to sell half of its cars outside of China.
European nuclear fusion experiment announces 'record-breaking' results
Fusion is described as "the process that takes place in the heart of stars and provides the power that drives the universe."
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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