Category: News

Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its […]

The Nvidia logo appears on a smartphone reflecting the flags of China and the U.S. Nurphoto | Nurphoto | Getty Images Beijing has reportedly halted purchases of yet another AI chip from Nvidia, freezing it out of the market completely — a move industry experts say reflects the country’s growing confidence in domestic chip makers […]

At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images Mark Zuckerberg on Wednesday unveiled the $799 Meta Ray-Ban Display glasses, the social media company’s first consumer-ready smart glasses […]

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Cybersecurity company Netskope is eying a $7.3 billion valuation after pricing shares at $19 for its upcoming IPO, at the top end of its expected range. Netskope will start trading on Thursday on the Nasdaq under the ticker symbol “NTSK.” The share sale raised $908.2 […]

Nscale, the UK-headquartered AI infrastructure provider. Courtesy: Nscale Two years ago, Nscale was a brand new startup in the U.K. that had yet to raise any outside funding or officially announce its existence. Last year the London-based company came out of stealth, and in December announced that it had raised its Series A fundraising, totaling […]

Eric Baker, co-founder and CEO of Ticket reseller StubHub, rings the opening bell during his company’s IPO at the New York Stock Exchange in New York City, U.S., September 17, 2025. Brendan McDermid | Reuters StubHub shares opened at $25.35 in their New York Stock Exchange debut on Wednesday after the online ticket seller priced […]

Macroscope employees. Macroscope It’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming. Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces. Meanwhile, Beykpour, […]

StubHub CEO Eric Baker said Wednesday that recently introduced federal regulations around transparent ticket pricing will cause a “one-time” hit to its financial results. Revenue is expected to dip year over year as consumers digest the new rules, Baker told CNBC, which require online ticket sellers to prominently show the total cost upfront. “We’ve seen […]

Cheng Xin | Getty Images Shares of Workday popped 9% on Wednesday to around $238 after activist investor Elliott Investment Management announced a $2 billion stake in the company. Workday announced a multi-year plan to enhance its operating model and capital allocation framework on Tuesday, and Elliott said it believes the plan will drive “substantial long-term value […]

Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.  Miguel J. Rodriguez Carrillo | Getty Images Amazon on Wednesday introduced an artificial intelligence agent that will help third-party merchants operate their online businesses. The company is adding […]

Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year. Lyft stock climbed 10% on the news. Riders in Nashville will be able to hail a Waymo robotaxi through the Waymo One […]

Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025.  Patrick T. Fallon | Afp | Getty Images LONDON — Nvidia CEO Jensen Huang has weighed in […]

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters What was meant to be a short-term assignment for venture capitalist David Sacks in President Donald Trump’s White House appears to have stretched […]

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba’s AI accelerators from its semiconductor unit called […]

Illustration of the ChatGPT App on the iOS App Store displayed on a phone screen. Nurphoto | Nurphoto | Getty Images Despite rapid adoption of large language models like OpenAI’s ChatGPT, few comprehensive studies have delved into exactly how the technology is being used in everyday life — that is, until now.  On Tuesday, researchers, […]

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Sopa Images | Lightrocket | Getty Images Chinese tech giant Baidu saw its shares soar as much as 12% on Wednesday as the company ramps up its artificial intelligence plans and partnerships.  Shares in the Beijing-based firm, which holds a […]

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon CEO Andy Jassy said Tuesday that he’s working to root out bureaucracy from within the company’s ranks as part of an effort to reset its culture. Speaking at Amazon’s annual […]

The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images Online ticket platform StubHub is pricing its IPO at $23.50, CNBC’s Leslie Picker confirmed on Tuesday. The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing […]

In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China.  Vcg | Visual China Group | Getty Images President Donald Trump on Tuesday extended the deadline for ByteDance to divest TikTok’s U.S. business, which will be owned by an investor consortium that includes Oracle and […]

Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024. Adek Berry | AFP | Getty Images LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an […]

Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet-owned Waymo obtained a permit to start testing its robotaxis at San Francisco International Airport, San Francisco Mayor Daniel Lurie and the company announced on Tuesday. Waymo will partner with the airport to roll out its commercial robotaxi service in […]

Sanjay Beri, CEO and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 […]

OpenAI CEO Sam Altman walks on the day of a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | Reuters OpenAI on Tuesday announced it will launch a dedicated ChatGPT experience with parental controls […]

A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel in Austin, Texas, on March 8, 2025. Mat Hayward | Variety | Getty Images YouTube said on Tuesday it has paid out over $100 billion to creators, artists and media companies since 2021. The surge has been […]

Cheng Xin | Getty Images The framework agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not […]

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump was willing to let TikTok go dark, and it was “what turned the tide” in the deal framework with China. “President Trump made it clear that he would have been willing to let Tiktok go dark, that we were not going to give up national […]

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta spent billions of dollars unsuccessfully trying to make virtual reality catch on with consumers. As it shifts its metaverse bet toward […]

General view of the Google headquarters in King’s Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance. Sopa Images | Lightrocket | Getty Images Google owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.’s artificial intelligence development, just […]

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla’s shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President […]

Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Alphabet has joined the $3 trillion club. Shares of the search giant jumped more than 4% on Monday, pushing the company into territory occupied only by […]