Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance
Airbnb reported first-quarter results on Wednesday that beat analysts' estimates.
CNBC Technology
TikTok sued the U.S. government to block a ban. Here’s what happens now
TikTok on Tuesday sued the U.S. government over a law that would force Chinese parent ByteDance to sell the app or face a national ban.
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.
Uber reports first-quarter results that beat expectations for revenue, but posts net loss
Uber beats expectations for revenue but falls short of estimates for gross bookings.
Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
Microsoft, Amazon and Google are spending billions on AI. But Appian CEO Matt Calkins says that ensuring success in the field is "not just about money."
EU seeks information from X on content moderation amid first major probe under new tech rules
The EU Commission is requested information from X under the Digital Services Act, a groundbreaking law that aims to crack down on illegal and harmful content.
FTX says most customers of the bankrupt crypto exchange will get all their money back
FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
TS Anil, CEO of Monzo, told CNBC his firm plans to use the cash to build new products and accelerate its international expansion plans.
U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China's tech power
Huawei's consumer business is seeing a resurgence after the launch of the Mate 60 Pro smartphone in August.
Generative AI is speeding up human-like robot development. What that means for jobs
ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world's factories.
Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines
The National Highway Traffic Safety Administration is pressing Tesla for answers about updates to the company's Autopilot driver assistance systems.
Food startup Hungryroot uses AI to reduce waste, a major climate offender
Hungryroot, a 9-year-old startup in New York, is trying to deliver precise portions to users to cut down on waste.
Apple announces new iPad Pro with M4, iPad Air tablets
These are the first new iPad models Apple has released since October 2022.
Taser and police body cam maker Axon is acquiring air defense startup Dedrone
Public safety company Axon, the Taser and policy body cam maker, is acquiring Dedrone, which provides air security to law enforcement, government and others.
Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more
Wayve, the British self-driving car startup, said on Tuesday that it had raised $1.05 billion in an investment led by Japan's SoftBank.
Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
Robyn Denholm, who joined Tesla's board a decade ago, sold $17.3 million in stock, according to a filing, bringing her total sales this year past $50 million.
Apple is reportedly developing chips to run artificial intelligence software in data centers
The iPhone maker has been working with Taiwan Semiconductor Manufacturing Co. on the chip's design and production.
Amazon's AWS to double down on Singapore with additional $9 billion cloud investment
This comes after AWS pumped over SG$11 billion through 2023 into Singapore's cloud infrastructure and ecosystem.
Palantir shares fall 7% on lower-than-expected guidance
Defense-technology and AI firm Palantir reported earnings that beat analyst expectations on revenue, but also issued weaker-than-hoped-for full-year guidance.
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