China may be making more advanced chips despite U.S. sanctions — but it still faces big problems
China's biggest chipmaker SMIC seems to have been manufacturing advanced chips, defying U.S. sanctions designed to slow down Beijing's progress.
CNBC Technology
How Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messages
Aware uses AI to analyze companies' employee messages across Slack, Microsoft Teams, Zoom and other communications services.
Amazon's Prime Video lands exclusive NFL playoff game next season
Amazon is going deeper into the NFL after agreeing in 2021 to pay about $1 billion a year for the exclusive rights to Thursday Night Football.
Bitcoin tops $48,000 in a big comeback to end the week
Bitcoin marched higher to end the week, with its price rising above $48,000.
OpenAI CEO Sam Altman seeks as much as $7 trillion for new AI chip project: Report
OpenAI CEO Sam Altman wants to overhaul the global semiconductor industry with trillions of dollars in investment, The Wall Street Journal reported.
Arm's post-earnings pop leaves stock trading at over 100% premium to Nvidia
While analysts like Arm's backlog and royalties business, it's the company's role in AI that's pushing up its market multiple.
SoftBank shares extend their surge, pop more than 15% on earnings beat
Shares of SoftBank Group rose as much as 15.29% on Friday morning after the Japanese investment firm posted earnings that beat analysts' expectations.
Pinterest shares drop on weak outlook, revenue miss
Pinterest issued a weaker-than-expected forecast on Thursday and also missed on revenue.
Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
Fourth-quarter results and guidance for the current quarter came in higher than expected, with Cloudflare big deals adding up.
Bitcoin rises above $45,000, its highest level in almost a month
The price of bitcoin rose above $45,000 for the first time since Jan. 11, when trading of U.S. spot bitcoin ETFs began.
23andMe considers splitting up company to revive stock price
23andMe reported dismal third-quarter fiscal 2024 results and discussed splitting itself in two to help juice its stock price.
SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork
Chip design firm Arm reported strong earnings on Wednesday, giving Masayoshi Son's SoftBank a huge paper profit.
Stripe rival Adyen's shares soar 21% as European payments giant posts profit beat, slows hiring
Shares of European online payments giant Adyen popped after the firm reported strong sales growth and better-than-expected profit numbers for 2023.
Roblox shares rise 10% after company beats estimates and issues strong guidance
Roblox reported results for the fiscal fourth quarter and full year that beat consensus estimates on the top and bottom lines.
Google rebrands Bard AI to Gemini and launches a new app and subscription
Google Bard, a chief competitor to OpenAI's ChatGPT, is now called Gemini, the same name as the suite of AI models that power it.
Arm shares soar as much as 41% after chip designer gives strong forecast, says AI is boosting sales
Arm's intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
Snap stock closes down 34% after company's revenue miss and weak guidance
Snap shares tanked more than 34% in Wednesday trading, a day after the company reported Q4 earnings that missed revenue estimates and issued light guidance.
PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
PayPal reported fourth-quarter financials that topped analysts' estimates but provided guidance that came in slightly below Wall Street expectations.
Uber beats estimates as revenue and bookings see double-digit growth
Uber reported fourth-quarter results Wednesday that beat analysts' estimates for revenue and profit.
Green Plains stock jumps after company announces strategic review, standstill with Ancora
Ethanol producer Green Plains will explore a strategic review, up to and including a sale, following engagement with activist investor Ancora beginning in 2023.
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