For the second time in recent months, Amazon and Microsoft are teaming up in artificial intelligence, with Google on the sidelines for now. On Thursday the two companies rolled out new tools that will make it easier for developers to use open-source artificial intelligence software. This follows the companies’ move in August to let its […]
Read moreShares of car search company CarGurus popped on Thursday, the stock’s first day on the public market. CarGurus shares were more than 75 percent higher by midday. The company priced its 9.4 million share public offering at $16 a share, above the expected range of $13 to $15 apiece. It trades on the Nasdaq under […]
Read morePeople may be downloading fewer apps, but they’re spending more time in the apps they do use — especially when it comes to shopping. In the U.S., time spent on the Top 5 digital-first shopping apps — Amazon, Amazon Shopping, Wish, Etsy and Zulily this year — grew 44 percent in the first half of […]
Read moreIt might sound counterintuitive, but brick-and-mortar store-killer Amazon may be boosting parts of the real estate market. The e-commerce giant has “made the warehouse sexy,” Raj Dhanda, president of private equity real-estate firm Black Creek Group, told CNBC’s “Squawk Box” on Thursday. Big and bulky warehouses have rapidly become the “hottest” component of commercial real […]
Read morePrivate investors are more bullish on Spotify’s prospects, after the music streaming company posted growing revenue and margins in the first half of the year, according to a Thursday report in The Information. Spotify’s results for the first 6 months of the year: Revenue: $2.2 billion, on pace to grow 40 percent year-over-year by the […]
Read moreAlphabet Waymo sought at least $1 billion in damages and a public apology from Uber as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo […]
Read moreEquifax said on Thursday it has taken one of its customer help web pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 million people. The move came after an independent security analyst on […]
Read moreCrypto start-ups, concerned about a crackdown, have registered over $350m worth of ICOs with the SEC
Despite all the hype around initial coin offerings this year, U.S. regulators have yet to offer specific rules on what’s legal and what isn’t. So a growing number of crypto start-ups are taking compliance into their own hands. Since early August, at least nine companies have filed token sales with the SEC to raise a […]
Read moreShares of Dominos fell 5 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic same-store sales growth, investors may have been disappointed. “While this easily topped our +5.5% estimate and sell-side consensus of +6.5%, buy-side expectations had […]
Read moreThe iconic billionaire founder and CEO of electric vehicle powerhouse Tesla, Elon Musk, reveals he owns two cars that run on gasoline. Musk has a Ford Model T, which a friend gave him, and a Jaguar Series 1 1967 E-type Roadster, he says, via Twitter. Both cars (not Musk’s) are pictured below. Apparently referring to […]
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