Snowflake shares plunge 12% on guidance miss, acquisition of search startup Neeva
Snowflake beat on the top and bottom lines for the fiscal first quarter, but it gave product revenue guidance that missed consensus estimates.
CNBC Technology
Nvidia shares spike 26% on huge forecast beat driven by A.I. chip demand
Nvidia is the top provider of advanced GPU chips for artificial intelligence.
Alphabet CEO promises ‘AI pact,’ discussed concerns about pro-Kremlin propaganda in meeting with top EU officials
The European Parliament earlier this month greenlighted rules for AI, including measures for generative AI tools like ChatGPT and Google's Bard chatbot.
Bitcoin and ether slide as debt ceiling negotiations weigh on investors
Cryptocurrencies fell Wednesday as investors worried about the debt ceiling and the Federal Reserve's next move.
Microsoft is bringing an A.I. chatbot to data analysis
With its Fabric bundle, Microsoft is trying to persuade companies to use more of its data tools and to save money while they're at it.
Microsoft says Bing can be default search engine for ChatGPT users
Users of the ChatGPT chatbot will be able to turn on the Bing search engine plugin when it becomes available soon, Microsoft said.
A.I. poses existential risk of people being 'harmed or killed,' ex-Google CEO Eric Schmidt says
Artificial intelligence has been thrust into the center of conversations among policymakers grappling with what the tech should look like in the future.
Netflix password-sharing crackdown rolls out in the U.S.
After months of anticipation, Netflix began its password-sharing crackdown in the United States.
Meta has started its latest round of layoffs, focusing on business groups
Meta has begun its third round of layoffs as part of a cost-cutting plan that will eliminate more than 21,000 workers from the company.
Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
'Extremely regrettable': SoftBank hits back after S&P cuts credit rating further into junk
SoftBank offered a sharp rebuke on Wednesday to S&P Global Ratings after the agency downgraded the Japanese giant's credit rating.
Top EU regulator defends mega $1.3 billion privacy fine on Meta: ‘I have to enforce the law’
A top European Union regulator defended a decision to hit Meta with a record-setting fine, saying she had to enforce the law based on existing rules.
France bans short-haul flights as it looks to cut transport emissions
The aviation sector and its effect on the environment sit at the heart of significant debate.
Goldman Sachs backs Japan's biggest taxi app with $1 billion valuation
Goldman Sachs invested 10 billion Japanese yen ($72.1 million) into Go Inc.
Europe is producing more startup 'mafias' than ever despite tech rout
The development mimics the trend of startup "mafias" in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
China's tech sector may see fewer regulatory surprises — not zero, says S&P Global Ratings
China's tech sector may see its worst days over, but it doesn't mean that regulations will be easing, said S&P Global Ratings in a report.
Nearly 50 state AGs sue company that allegedly facilitated billions of spam calls
Avid Telecom allegedly facilitated more than 7.5 billion calls to numbers on the National Do Not Call Registry, state AGs allege.
Apple's Eddy Cue says success starts by saying 'no' to almost everything
Apple's Eddy Cue sat down for an exclusive interview with CNBC's Jim Cramer at the inaugural CNBC CEO Council Summit in Santa Barbara, California.
Elon Musk says his days are 'long and complicated' splitting time between SpaceX, Tesla and Twitter
Elon Musk talked about time management challenges of running Tesla, Twitter and SpaceX at a Wall Street Journal event
Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips
Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips
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