A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022. David Ryder | Getty Images News | Getty Images Amazon has removed any references to diversity and inclusion from its most recent annual report. The company filed its report for 2024 on Friday following the release of […]
Amazon scrubs DEI mention from its annual report Read More »
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares jumped 16% on Friday after the buy now, pay later company topped Wall Street’s fiscal
Affirm shares soar 16% on revenue beat, surprise profit during holiday period Read More »
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. Carlos Barria | Reuters SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion
Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say Read More »
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty Images Sales of Tesla‘s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of
Tesla car sales in China fall 11.5% as competition intensifies Read More »
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup. Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather
Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in
Alphabet’s Verily to sell Granular insurance business to Elevance Health Read More »
Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC’s “Beyond The Valley” in Davos, Switzerland in January 2025. CNBC Artificial general intelligence built like “agents” could prove dangerous as its creators might lose control of the system, two of of the world’s most
‘Dangerous proposition’: Top scientists warn of out-of-control AI Read More »
Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Shares of Doximity popped 21% on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and offered rosy guidance. Here’s how the company did: Earnings per share: 37 cents. That may not compare with
Doximity shares soar 21% after company beats on revenue, raises fiscal year guidance Read More »
Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share:Â 23 cents adjusted. That’s not comparable to an expected loss of 15 cents. Revenue:Â $866 million
Affirm shares pop more than 10% on revenue beat Read More »
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock fell as much as 2% in extended trading. Here
Amazon issues disappointing guidance even as earnings top estimates Read More »
