Category: News

Mustafa Suleyman, CEO of Microsoft AI and then CEO and co-founder of Inflection AI, speaks during the Axios BFD event in New York on Oct. 12, 2023. Brendan Mcdermid | Reuters Microsoft on Thursday said it’s forming a team that will be tasked with performing advanced artificial intelligence research. Mustafa Suleyman, CEO of the Microsoft […]

Cheng Xin | Getty Images Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its […]

Omar Marques | SOPA Images | Lightrocket | Getty Images Datadog shares jumped 20% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter. The company reported revenue of $885.7 million, which was up 28% year over year, and topped the $852.8 […]

Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the […]

Cheng Xin | Getty Images Duolingo‘s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. “We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as […]

Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughy Reuters Cybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday. “We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up […]

Metropolis, which uses AI and computer vision to identify vehicles and take parking lot payments without any physical transaction, has raised $1.6 billion in combined debt and equity in a new fundraising round at a $5 billion valuation. Already the largest parking lot network in the U.S., handling more than 7% of licensed drivers (nearly […]

Jensen Huang attends a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace in London, Brirain, Nov. 5, 2025. Yui Mok | Via Reuters Nvidia CEO Jensen Huang reportedly told the Financial Times on Wednesday that “China is going to win the AI race,” only to release a notably softer statement […]

A Pony.ai autonomous car. Pony.ai China’s Pony.ai on Thursday saw its shares drop over 14%, while rival WeRide fell nearly 12% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong dollars (about $860 million) and HK$2.39 billion, respectively, in […]

Microsoft President Brad Smith speaks at a press conference at the Representation of the State of North Rhine-Westphalia about future visions for the development and application of artificial intelligence in education in NRW in Berlin on June 4, 2025. Soeren Stache | Picture Alliance | Getty Images Microsoft is giving employees a way to raise […]

A DoorDash bag on a bicycle in New York, US, on Tuesday, May 6, 2025. Yuki Iwamura | Bloomberg | Getty Images DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million dollars” on new initiatives and development in 2026. The stock sank 9% following the report. Here’s […]

Snap shares climbed more than 20% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51 billion […]

Robinhood CEO and co-founder Vlad Tenev. CNBC Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year. Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: […]

Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company […]

Clara Shih, who’s now head of business AI at Meta., speaks during the 2024 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images HubSpot announced on Wednesday that Clara Shih, Meta’s head of business AI, has been added to the software company’s Board of […]

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images With OpenAI’s recent release of its AI browser, the historic level of capital expenditures being made in the current AI arms […]

Silas Stein | Picture Alliance | Getty Images Pinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. However, the platform’s […]

Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock plummeted 17% after the TASER maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points […]

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022.  Mike Blake | Reuters Digital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion. The fundraise comes after a slew of acquisitions and […]

Cheng Xin | Getty Images Lyft customers can once again earn miles toward their next flight. The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines. Once linked, riders can earn one mile for […]

On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in.  “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the […]

Armis CEO Yevgeny Dibrov and CTO Nadir Izrael. Courtesy: Armis Cybersecurity startup Armis has raised $435 million in a funding round that values the company at $6.1 billion. “The need for what Armis is doing and what we are building, in this cyber exposure management and security platform, is just increasing,” CEO and co-founder Yevgeny […]

Chinese EV company Xpeng showed off its newest humanoid robot in Guangzhou on Nov. 5, 2025. CNBC | Evelyn Cheng Guangzhou, CHINA — Chinese electric car company Xpeng plans to launch robotaxis next year after previously claiming it wouldn’t be a real business in the near future and took the wraps off of its latest […]

A sign with the Toyota logo in Surrey, England on August, 2023 Peter Dazeley | Getty Images News | Getty Images Toyota Motor on Wednesday missed operating profit for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs.  Here are Toyota’s September quarter results compared with mean estimates from […]

Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July. Picture Alliance | Picture Alliance | Getty Images Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup […]

CNBC’s Jim Cramer suggested Wall Street is too fixated the on large valuations of certain tech and speculative stocks, chalking up Tuesday’s market-wide decline in part to Palantir‘s nearly 8% loss despite strong earnings results. “The larger issue is that we’re at the moment where money managers, when asked if the market’s too expensive, immediately […]

Bitcoin‘s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come, another so-called crypto winter (a prolonged bear market in cryptocurrencies) that the market wrestles with every time digital currencies sell off hard in a short period of time. But Bitwise chief investment officer Matt Hougan says […]

Jared Isaacman, U.S. President Donald Trump’s nominee to be administrator of the National Aeronautics and Space Administration (NASA) testifies during a Senate Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 9, 2025. Ken Cedeno | Reuters President Donald Trump has renominated Jared Isaacman to run NASA after pulling his prior […]

Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer shares plunged as much as 10% in extended trading on Tuesday after the server maker issued weaker-than-expected results for the fiscal first quarter. Here’s how the […]

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares tanked as much as 15% on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance. Here’s how the company did, compared […]