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IBM tops third-quarter estimates and lifts guidance, but stock drops

IBM tops third-quarter estimates and lifts guidance, but stock drops

Technology News

Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped 5% in extended trading. Here’s how […]

IBM tops third-quarter estimates and lifts guidance, but stock drops Read More »

For workers in young, hot world of AI careers, the dream payday is as often ending as layoff nightmare

For workers in young, hot world of AI careers, the dream payday is as often ending as layoff nightmare

Technology News

Jose Luis Pelaez Inc | Digitalvision | Getty Images At around the same time Accenture announced its investment in data labeling startup Snorkel AI to power its financial services clients in August, the startup announced it was laying off about 13% of its staff. It wasn’t alone. When Meta took a massive stake in Scale

For workers in young, hot world of AI careers, the dream payday is as often ending as layoff nightmare Read More »

Applied Digital signs billion AI factory lease with U.S. based hyperscaler

Applied Digital signs $5 billion AI factory lease with U.S. based hyperscaler

Technology News

Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The

Applied Digital signs $5 billion AI factory lease with U.S. based hyperscaler Read More »

Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once

Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once

Technology News

Amazon on Wednesday unveiled a new robotic system that’s capable of performing multiple tasks at once in the company’s warehouses. The system, called Blue Jay, is made up of a series of robotic arms that are suspended from a conveyor belt-like track. Those arms are tipped with suction-cup devices that allow them to grab items

Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once Read More »

Trump White House East Wing ballroom project got M boost from YouTube legal settlement

Trump White House East Wing ballroom project got $22M boost from YouTube legal settlement

Technology News

Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty Images Tech giant Alphabet is contributing $22 million to help build the White House ballroom under a

Trump White House East Wing ballroom project got $22M boost from YouTube legal settlement Read More »

Airbnb CEO Chesky says ChatGPT isn’t ‘quite robust enough’ to integrate into travel app

Airbnb CEO Chesky says ChatGPT isn’t ‘quite robust enough’ to integrate into travel app

Technology News

Airbnb CEO Brian Chesky said he wants to integrate ChatGPT artificial intelligence capabilities into the travel platform but the software isn’t ready. “The [software development kit] wasn’t quite robust enough for the things we want to do,” he told CNBC’s “Squawk Box” on Wednesday. Chesky said the company would “probably” want to integrate ChatGPT eventually.

Airbnb CEO Chesky says ChatGPT isn’t ‘quite robust enough’ to integrate into travel app Read More »

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

Technology News

A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption Read More »

Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Technology News

Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go

Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up Read More »

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

Technology News

Cast and filmmakers hop on the KPop Demon Hunters-Sing Along Experience at Paris Theater on August 23, 2025 in New York City, U.S. Roy Rochlin | Getty Images Entertainment | Getty Images Netflix’s business leaders and investors probably aren’t enjoying a soda pop after the release of its third-quarter results. While the company’s revenue met

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy Read More »

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks

Technology News

Concerns about an artificial intelligence bubble are on the rise — but many investors are willing to put them to one side in the quest for mounting returns. In the most recent iteration of Bank of America’s Global Fund Managers Survey, a potential AI bubble was identified as the biggest tail risk to markets. The

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks Read More »

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