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Google announces layoffs in its HR, cloud units as part of ongoing cost cuts

Google announces layoffs in its HR, cloud units as part of ongoing cost cuts

Finance News

A view of the Google headquarters in Mountain View, California, on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Google told staffers in its “People Operations” and cloud organizations this week that it plans to cut employees as part of internal reorganizations, CNBC has learned. The company will offer a voluntary exit program […]

Google announces layoffs in its HR, cloud units as part of ongoing cost cuts Read More »

Nvidia bounced from the trillion market cap club after falling more than 8%

Nvidia bounced from the $3 trillion market cap club after falling more than 8%

Finance News

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025.  An Rong Xu | Bloomberg | Getty Images Nvidia is out, leaving Apple as the sole member of the $3 trillion club. The

Nvidia bounced from the $3 trillion market cap club after falling more than 8% Read More »

Dell forecasts billion of AI server sales this year

Dell forecasts $15 billion of AI server sales this year

Finance News

Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but earnings topped Wall Street expectations. Here’s how the hardware company

Dell forecasts $15 billion of AI server sales this year Read More »

Meta plans to release standalone Meta AI app in effort to compete with OpenAI’s ChatGPT

Meta plans to release standalone Meta AI app in effort to compete with OpenAI’s ChatGPT

Finance News

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta AI will soon become one of the social media company’s standalone apps, joining Facebook, Instagram and WhatsApp, CNBC has learned. The company intends to debut

Meta plans to release standalone Meta AI app in effort to compete with OpenAI’s ChatGPT Read More »

Standard Chartered still sees bitcoin hitting 0,000 despite recent selloff

Standard Chartered still sees bitcoin hitting $500,000 despite recent selloff

Finance News

Jakub Porzycki | Nurphoto | Getty Images Standard Chartered’s bullish crypto analyst still sees bitcoin’s price hitting $500,000 during Donald Trump’s presidency — even after a selloff that sank the world’s largest digital currency to a three-month low. Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will

Standard Chartered still sees bitcoin hitting $500,000 despite recent selloff Read More »

Stripe’s valuation climbs to .5 billion in secondary stock offer

Stripe’s valuation climbs to $91.5 billion in secondary stock offer

Finance News

John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images Stripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation of $95 billion in 2021. “We very much care about providing good

Stripe’s valuation climbs to $91.5 billion in secondary stock offer Read More »

Amazon touts its first quantum computing chip a week after Microsoft’s unveiling

Amazon touts its first quantum computing chip a week after Microsoft’s unveiling

Finance News

Amazon on Thursday revealed its first chip for quantum computing, and said the design is a step toward building efficient high-scale systems. The processor is called Ocelot, and the announcement comes as more tech companies tout their advancements in quantum. Last week, Amazon cloud rival Microsoft showed off its inaugural quantum chip. Microsoft had a

Amazon touts its first quantum computing chip a week after Microsoft’s unveiling Read More »

Nvidia warns of growing competition from China’s Huawei, despite U.S. sanctions

Nvidia warns of growing competition from China’s Huawei, despite U.S. sanctions

Finance News

BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among

Nvidia warns of growing competition from China’s Huawei, despite U.S. sanctions Read More »

Meta apologizes after Instagram users flag flood of graphic and violent content

Meta apologizes after Instagram users flag flood of graphic and violent content

Finance News

Illustration of US social network Instagram’s logo on a tablet screen.  Kirill Kudryavtsev | Afp | Getty Images Meta apologized on Thursday for a mistake that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page.  “We are fixing an error that caused some users to

Meta apologizes after Instagram users flag flood of graphic and violent content Read More »

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