Finance News Archives | Page 94 Of 212

South Korea launches national AI model in tech race with U.S. and China

Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images South Korea has tasked some of its biggest companies and promising startups to build a national foundational AI model using mainly domestic technology, in a […]

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Instagram’s map feature spurs user backlash over geolocation privacy concerns

Finance News

Nurphoto | Nurphoto | Getty Images The launch of an Instagram feature that details users’ geolocation data illicited backlash from social media users on Thursday. Meta debuted the Instagram Map tool on Wednesday, pitching the feature as way to “stay up-to-date with friends” by letting users share their “last active location.” The tool is akin

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Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Finance News

Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers

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Block shares pop on full-year guidance boost

Finance News

Jack Dorsey, co-founder and CEO of Block Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared

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Omada Health beats on revenue in first earnings report since IPO

Finance News

The Omada Health logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Omada Health reported quarterly results for the first time since its IPO in June. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Loss: Loss per share of 24 cents. Revenue: $61 million vs. $55.2 million

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Instacart tops estimates, issues upbeat outlook

Finance News

The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart earnings topped estimates and the grocery delivery company issued strong guidance. Here’s how the company did versus LSEG estimates: Earnings: 41 cents per share vs. 38 cents expected Revenues: $914 million

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AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

Finance News

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth

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California jury rules Meta violated privacy law in case involving period-tracking app

Finance News

Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty Images A California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app. The jury ruled that the plaintiffs proved that Meta

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OpenAI launches new GPT-5 model for all ChatGPT users

Finance News

OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images OpenAI on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model. The company is making GTP-5 available to everyone, including its free

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Amazon’s cloud business giving federal agencies up to billion in discounts

Amazon’s cloud business giving federal agencies up to $1 billion in discounts

Finance News

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon Web Services has agreed to provide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization and training through 2028, an agency

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South Korea launches national AI model in tech race with U.S. and China

Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Block shares pop on full-year guidance boost

Omada Health beats on revenue in first earnings report since IPO

OpenAI launches new GPT-5 model for all ChatGPT users

Amazon’s cloud business giving federal agencies up to $1 billion in discounts

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