Instagram 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 […]
Read moreCryptocurrency fundraising has brought in billions of dollars this year, mostly from retail investors. The process known as an initial coin offering exposes those investors to serious risks, according to the CEO of Nasdaq. “To make it no rules at all, when companies can just willy-nilly take people’s money and offer no information at all, […]
Read moreFor the past six months, J.P. Morgan Chase has quietly been shuttling clients to the bank’s technology lab on the West Side of Manhattan for a glimpse at the future of work. The executives — treasurers and finance chiefs of some of the world’s biggest companies — were introduced to an artificial intelligence-powered servant that […]
Read moreWhen some well-regarded health-tech entrepreneurs decided to start a venture dubbed Ooda Health, they had their pick of venture capital firms. So they made an unusual step of narrowing it down to investors at firms with strong female leadership. That’s a small group, since only about 8 percent of partners at venture firms are women. […]
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