Epic Games is eliminating 16% of its workforce and selling Bandcamp
Epic Games said on Thursday that it's laying off 16% of its workforce and is selling Bandcamp, which it acquired last year.
CNBC Technology
China's chip equipment firms see revenue surge as Beijing seeks semiconductor self-reliance
China has looked to boost its domestic semiconductor industry, as it targets self-reliance and to wean itself off of foreign semiconductor firms.
Indonesia bans purchases on social media, in a blow to TikTok's e-commerce ambitions
The government said it will also bar social media companies from doubling as e-commerce platforms to prevent misuse of public data.
Meta CEO Mark Zuckerberg looks to digital assistants, smart glasses and AI to help metaverse push
Meta is rolling out new AI software in addition to its Quest 3 virtual reality headset and smart glasses as it tries to move the world to the metaverse.
Microsoft technology chief says supply of Nvidia's AI chips is improving
Kevin Scott, Microsoft's chief technology officer, said supply of Nvidia's graphics processing units is improving now that generative AI hype has cooled a bit.
Meta announces new Quest 3 VR headset as Apple competition looms
Preorders open on Wednesday and it ships on Oct. 10.
Amazon lawsuit protects 'free and fair competition,' says FTC Chair Lina Khan
FTC Chair Lina Khan defended the agency's decision to pursue the company in an interview on CNBC's "Squawk Box."
Amazon hires former Microsoft product chief to oversee devices unit
Panay is joining Amazon at a precarious moment for its devices and services unit, which was hit with layoffs as part of the largest job cuts in company history.
Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO
After firing CEO Dave Clark earlier this month, Flexport has removed its finance chief, and its head of human resources has resigned
SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
Improbable, which is backed by SoftBank, said its revenues more than doubled last year after a pivot to powering new "metaverse" experiences.
Apple's Eddy Cue defends default search contract with Google as best option for consumers
Apple's head of services testified in federal court Tuesday about the company's agreement to make Google the default search engine on iPhones in the U.S.
Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
Copyright law and fair use must be redefined to exclude AI and protect publishers from their content being "sucked up," Barry Diller said Tuesday on Squawk Box.
FTC and 17 states sue Amazon on antitrust charges
The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox."
AI chip firm Kneron raises $49 million as it looks to rival Nvidia, with Foxconn among backers
Kneron is looking to capitalize on the investor interest in AI and the chip technology that underpins it, underscored by Nvidia's 180% rally this year.
JPMorgan's UK digital bank blocks customers from buying crypto
From Oct. 16, Chase UK customers will "no longer be able to make crypto transactions via debit card or by outgoing bank transfer."
Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
Texas made up 8.43% of the hashrate in the U.S as of the end of 2021, and that percentage has grown to 28.50% as of July 27, 2023.
Microsoft is hiring a nuclear energy expert to help power its AI and cloud data centers
Microsoft is looking to hire a nuclear energy expert to help coordinate powering its AI data centers with small nuclear reactors.
Alibaba to list its logistics unit Cainiao as part of historic shakeup
Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing Tuesday.
Meta's Threads struggles to grow amid rivalry with Elon Musk's X, ranking ahead of only Tumblr
Threads ranks near the bottom of the most popular social apps and continues to trail X, according to Insider Intelligence's first forecast of the Twitter clone.
Apple exec Eddy Cue set to testify in Google trial about $19 billion search deal
Cue is expected to testify that Apple picked the Google search engine as an iPhone default because it was the best product.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
Subscribe to CNBC Technology feed
#channel