Apple stock falls after company gives outlook suggesting weak iPhone sales
Apple reported earnings after the bell. Here are the results.
CNBC Technology
Meta shares jump after profit triples and company announces first-ever dividend
Meta's fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
Meta is paying first-ever dividend, authorizes $50 billion buyback
Meta will pay a 50 cent dividend, its first ever, and has authorized a $50 billion share buyback.
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
U.S. chip giant Advanced Micro Devices is betting on AI PCs as competition with rivals Nvidia and Intel intensifies
Mark Zuckerberg says Meta will 'keep things lean,' going big in AI with a lid on hiring
Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he's spending heavily on computing infrastructure and the metaverse.
Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon pointed to artificial intelligence traction in the cloud during the fourth quarter. Acceleration of cloud growth should continue, too.
Amazon reports better-than-expected results as revenue jumps 14%
Amazon reported earnings after the bell. Here are the results.
Tim Cook teases Apple AI announcement 'later this year'
Generative AI started drawing significant attention from technology companies and investors starting in 2022.
Zoom is cutting about 150 jobs, or close to 2% of its workforce
Zoom on Thursday confirmed that it's cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.
Meta’s Reality Labs loses record $4.65 billion ahead of Apple's Vision Pro launch
Meta's Reality Labs has now lost more than $40 billion dating back to late 2020.
Amazon announces AI shopping assistant called Rufus
Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
Musk's X post comes after a judge in Delaware, where Tesla is currently incorporated, voided the $56 billion pay package granted to the billionaire in 2018.
Taylor Swift songs removed from TikTok after her label UMG's spat with the app
Music by artists including Taylor Swift and Drake is no longer available on TikTok after the social video app and Universal Music Group failed to reach a deal.
Activist Elliott builds roughly 13% stake in Etsy, secures board seat
Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy.
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount.
Neuralink competitor Synchron to ramp up brain implant production with equity stake in manufacturer
Synchron is readying for commercial demand as the company inches closer to bringing its device to market.
Tesla upgrades Model Y in China as BYD competition heats up
The Tesla Model Y in China will come with Hardware 4.0 (HW 4.0) — a set of cameras, sensors and computer — free of charge when a customer purchases the car.
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.
Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
Wall Street doesn't seem worried the tech firms will take significant financial hits to their businesses from Congress.
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