Apple will partner with Sesame Workshop, the nonprofit media organization behind “Sesame Street,” to create children’s programming for the tech giant’s new streaming service. “Sesame Street” is not part of the agreement, according to a person with direct knowledge of the deal. The new content will include live-action, animated and puppet series. This is Apple’s […]
Read moreIn June 2017 Uber’s board of directors unanimously approved a set of recommendations presented by former U.S. Attorney Eric Holder to dramatically revamp the ridesharing giant’s troubled management and culture. Last February the company was hit with widespread allegations of sexual harassment and discrimination; a lawsuit by Google’s Waymo self-driving car program accusing Uber of […]
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Today’s supercomputers are made up of thousands of connected processors, and their speed has grown exponentially over the past few decades. The first supercomputer, released in 1964, was called the CDC 6600. It used a single processor to achieve 3 million calculations per second. While that may sound impressive, it is tens of thousands of […]
Read moreInstagram is officially diving into long-form video. The new video hub, called IGTV, will host vertical videos as long as 60 minutes. That makes the platform more suited to mobile use than YouTube. “It’s mobile first. It’s simple and it’s quality. That’s IGTV,” CEO Kevin Systrom said. Instagram announced the new video hub with the […]
Read moreMicrosoft on Wednesday said it has acquired Bonsai, a small artificial intelligence start-up. Terms of the deal weren’t disclosed. Microsoft has increasingly bet on AI and has sought to commercialize ideas its own researchers come up with, a strategy also employed by Amazon, Google and other big technology companies. By buying Bonsai, Microsoft gains a […]
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Stitch Fix shares jumped more than 14 percent Wednesday afternoon on speculation via social media that media mogul Oprah Winfrey would be taking a stake in the subscription box company. A representative for Winfrey later told Bloomberg the speculation wasn’t true. Stitch Fix declined CNBC’s request for comment. Stitch Fix’s stock later trimmed back more […]
Read moreIn December, Rupert Murdoch decided a $52 billion offer from Disney fairly valued his bundle of Fox assets. Now he’s staring at a bid that’s almost $20 billion higher. On Wednesday, Disney increased its cash and stock proposal to $71.3 billion. That’s because Judge Richard Leon’s decision last week to allow AT&T to buy Time […]
Read moreGoogle-parent Alphabet and online shopping titan Amazon probably will never be members of the Dow Jones industrial average, even though the two companies represent what has become the most dominant sector of the U.S. economy. Questions arose Wednesday about the Dow’s composition, a day after the index’s managers said they were pulling General Electric and […]
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Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group said Tuesday. Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said. The decline follows a sharp […]
Read moreTesla is suing a former employee for allegedly exporting gigabytes of confidential data, according to a lawsuit filed in Nevada on Wednesday. The electric car maker said it is only beginning to understand all of former process technician Martin Tripp’s allegedly illegal activity. The suit said Tripp “has thus far admitted to writing software that […]
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