The tech giants are too big. But what if that’s not so bad? For a year and a half — and more urgently for much of the last month — I have warned of the growing economic, social and political power held by the five largest American tech companies: Apple, Amazon, Google, Facebook and Microsoft. […]
Read moreMicrosoft is working on an artificial intelligence (AI) chip for its next generation HoloLens headset. And the U.S. technology giant could take it to other products in its hardware range, Panos Panay, corporate vice president of devices at Microsoft, told CNBC on Tuesday. In July, Microsoft disclosed it was working on a processor for the […]
Read moreChinese consumers are getting very excited about the iPhone X. But for Apple, which has struggled to keep up with the onslaught of competition in China’s smartphone market, an upturn in fortunes may not yet be on the cards. Already, Chinese buyers are rushing to get their pre-orders before the official product launch on Friday. […]
Read moreShares of Sony popped on Wednesday morning, touching a nine-year high after rising more than 11 percent early in the session. The move in share price came after the Japanese consumer electronics giant revised upward its profit forecast for the fiscal year ending Mar. 31, 2018, and announced expectation-topping quarterly results on Tuesday. The company […]
Read morePopular workplace messaging service Slack suffered a massive outage late Tuesday evening, leaving users around the world unable to send or receive messages and files. On Twitter, the company apologized for the disruption and said it was working to fix the issue. At the time of writing, the service had been unavailable for more than […]
Read moreFacebook, under intensifying pressure from legislators and consumers to clean up its site, is pledging to double the number of people it has working on issues related to safety and security. Colin Stretch, a vice president and general counsel at Facebook, testified before senators on Tuesday alongside executives from Twitter and Google. He told them […]
Read moreTechnology is a favorite sector on Wall Street, so CNBC’s Jim Cramer felt it was his duty to see if investors were too late to buy into one of its top groups: the software stocks. “It’s good to be a software company right now,” the “Mad Money” host said. “Whenever you see this kind of […]
Read moreUnauthorized drones are flying an average of twice a day above critical military infrastructure just 4 miles from the White House, according to new study from drone-detection start-up Dedrone and the Department of Defense. “This is a concerning rate,” Dedrone CEO Jorg Lamprecht told CNBC, “especially in light of international incidents where drones have crashed […]
Read moreGrail, the cancer detection start-up backed by tech giants Alphabet and Amazon, is already seeking new funding, mere months after it closed a $900 million round in March. The company had previously raised $100 million in 2016. Grail is primarily pitching sovereign funds, with mixed success, according to two sources familiar. It has approached Softbank […]
Read moreElectronic Arts reported quarterly revenue that met analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Revenue: $1.18 billion vs. $1.18 billion expected according to Thomson Reuters consensus estimates. For the full year, EA said it expects net bookings of $5.15 billion, as compared to Wall Street estimates of […]
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