Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year
Meta continues to lose money building the metaverse as Reality Labs records a second-quarter operating loss of $3.7 billion.
CNBC Technology
Tesla under investigation by California attorney general over Autopilot safety, marketing
The California attorney general is investigating Tesla over the electric car company's driver assistance technology, CNBC has learned.
AWS announces generative A.I. tool to save doctors time on paperwork
Amazon Web Services on Wednesday announced a new service for health-care software providers called AWS HealthScribe.
Microsoft shares fall after earnings report as analysts process a delayed A.I. ramp
Many analysts are hopeful about Microsoft in the long term, but some are disappointed that clear artificial intelligence growth probably won't come this year.
Snap stock drops 14% on weak forecast
Shares plunged after the company provided weaker-than-expected guidance despite beating on the top and bottom lines.
Alphabet shares jump on beat and strong cloud growth
The company reported strong growth in its cloud computing unit and announced a key executive would be moving to a new role.
Samsung launches two new folding smartphones to fend off competition from rivals
Samsung on Wednesday launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5.
Why big banks like JPMorgan and Citi want to put Wall Street on a blockchain
Banking titans such as JPMorgan and Citi want to supercharge Wall Street by borrowing a tool from crypto — tokenizing assets on a blockchain.
The SEC wants corporate America to tell investors more about cybersecurity breaches and what's being done to fight them
Google, Microsoft form new A.I. group to develop safety standards ahead of policymakers
The effort comes as policymakers weigh what appropriate guardrails on the technology could look like, without hindering innovation.
Meta, Microsoft and Amazon team up on maps project to crack Apple-Google duopoly
Overture Maps Foundation is trying to collect enough data so that companies can build maps they own and operate rather than paying Google and Apple.
SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
SK Hynix in its latest earnings report said that the weak memory chip market is starting to recover amid robust artificial intelligence demand.
TikTok takes on Spotify, Apple Music as it expands into music streaming
TikTok launched its music streaming service in Indonesia and Brazil — its second and third-largest markets — and is testing in Australia, Mexico and Singapore.
Elon Musk's X rebrand reignites his goal to turn Twitter into an app like China's WeChat
Elon Musk officially changed Twitter's famous bird logo to an "X" in his bid to make the service into "the everything app."
Google points to many ways it can win in A.I. even as online ad market shows cracks
Google is securing its place as an artificial intelligence powerhouse, even as it faces long-term challenges in search.
Microsoft is 'in the lead' with new cloud-based A.I. workloads, CEO Nadella says
Microsoft might not be the market leader in cloud infrastructure, but CEO Satya Nadella believes the company does have a leg up in cloud-based AI workloads.
Microsoft shares dip after quarterly revenue guidance misses expectations
Microsoft's public cloud Azure has reached scale, and its growth has slowed in recent months as customers make their existing workloads more efficient.
Alphabet reports better-than-expected quarterly results driven by growth in cloud
Alphabet reported earnings after the bell. Here are the results.
Alphabet CFO Ruth Porat leaving role to become president and chief investment officer
Ruth Porat will step down as Alphabet chief financial officer and take a new role as president and chief investment officer, the company announced on Tuesday.
Snap shares plunge more than 17% on weak forecast
Snap reported second-quarter results that topped analysts' estimates but provided a weaker-than-expected forecast for the current period.
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