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.
CNBC Technology
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.
China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+
Ant introduced Alipay+ in 2020, allowing foreigners to use certain mobile payment apps from their home countries to scan Alipay QR codes to pay in China.
From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
The criminal judgment of bitcoin billionaires Changpeng Zhao and Sam Bankman-Fried was completed this week, the final chapter in starkly different crypto sagas.
Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
Berkshire Hathaway has been amassing a stake in Apple since 2016, and now owns about 6% of the iPhone maker.
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.
Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.
AI engineers report burnout and rushed rollouts as 'rat race' to stay competitive hits tech industry
AI workers across the tech industry told CNBC that the pressure to roll out features and products at breakneck speed has come to define their jobs.
Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit
Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.
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