TikTok parent ByteDance offers share buyback valuing the Chinese giant at $268 billion
TikTok parent ByteDance plans to spend up to $5 billion buying back stock, a person familiar with the matter told CNBC.
CNBC Technology
A ‘thirsty’ generative AI boom poses a growing problem for Big Tech
A global rush for the next wave of generative artificial intelligence is increasing public scrutiny on Big Tech's expanding water footprint.
Bitcoin tops $44,000 for the first time since April 2022 as ETF optimism grows
Bitcoin's upward trend is starting to gain some steam, with the flagship cryptocurrency topping the $44,000 level on Tuesday.
Elon Musk's AI startup — X.AI — files to raise $1 billion in fresh capital
X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering
Apple's market cap closes above $3 trillion
Apple's value officially crossed the $3 trillion mark for the first time in June, and briefly touched $3 trillion in December 2022 during intraday trading.
Ex-OpenAI director Reid Hoffman says we still don't 'fully know' why board forced out Altman
Reid Hoffman, who sold LinkedIn to Microsoft and previously served as an OpenAI director, said he's still not sure why the board pushed out Sam Altman
Free ChatGPT may incorrectly answer drug questions, study says
The study shows that patients and health-care workers should be cautious about relying on OpenAI's viral chatbot for drug information, the lead author said.
Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise
Waymo Chief Product Officer Saswat Panigrahi told CNBC that the self-driving car unit hasn't seen a change in tone from regulators or a shift in public perception.
Rockstar Games publishes Grand Theft Auto VI trailer early after it was leaked on X
The first GTA 6 trailer says the game will launch in 2025, more than a decade after Grand Theft Auto V.
OpenAI COO Brad Lightcap talks about ChatGPT launch, DevDay and how Sam Altman thinks
CNBC conducted an interview with the COO of the hottest startup in tech after its recent DevDay, then followed up after the Sam Altman kerfuffle.
Airbnb Chief Financial Officer Dave Stephenson moves to new role as company reaches ‘inflection point’
Airbnb Chief Financial Officer Dave Stephenson will move to a new role at the company and will be replaced by Ellie Mertz, founder Brian Chesky said.
California YouTuber sentenced to prison after intentionally crashing plane
A California man was sentenced to prison after impeding the investigation into the plane he crashed.
How to send a digital gift card on Amazon, Venmo or Cash App
You can send electronic gift cards with some of the popular cash transfer and online shopping services.
Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024
Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.
China's EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
Nio is facing stiff competition from other startups like Xpeng and Li Auto, as well as from giants such as Tesla and BYD.
Reproductive startup launches test to identify an embryo's genetic defects before an IVF pregnancy begins
Orchid announces world's first whole genome sequencing report for embryos.
Twilio lays off 5% of employees in unit activists want to divest
The company has been targeted by two activists who are pushing for at least the divestiture of Twilio's Data and Applications business.
Spotify jumps after saying it will cut 17% of workforce — read the full memo from CEO Daniel Ek
Spotify shares climbed roughly 10% Monday after the music streaming service said it would cut 17% of its workforce, or about 1,500 jobs.
Uber shares pop as company is slated to join S&P 500
The S&P Dow Jones Indices announced Friday that Uber has been selected to join the S&P 500 Index.
Robinhood CEO defends payment for order flow, says practice is 'here to stay'
That's despite calls from notable consumer trading advocates and regulators for a ban on the practice.
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