Gas prices are the highest they’ve been in four years, and Uber and Lyft drivers are feeling the pinch. Ride-share drivers are responsible for operating expenses like car maintenance and gas. CNBC spoke with drivers, who say that higher costs at the pump are an increasing concern. Fernando Felicio moved to San Francisco from New […]

Weighing in on tech regulation from Recode’s Code Conference on Wednesday, Zillow CEO Spencer Rascoff rushed to Facebook‘s defense. He said the social network shows evidence of a “cultural shift,” and executives are now more wary of the negative potential of their creation. In an interview on Tuesday with Recode’s Kara Swisher, Facebook COO Sheryl […]

Former Walmart U.S. chief Bill Simon on Wednesday slammed Amazon for using cloud and ad revenues to support what he called meager retail profits. Walmart “went out head to head, knuckle to knuckle and won market share in retail by executing a business model that customers wanted,” said Simon, in an interview with CNBC’s “Squawk […]

WASHINGTON — Fei-Fei Li is among the brightest stars in the burgeoning field of artificial intelligence, somehow managing to hold down two demanding jobs simultaneously: head of Stanford University’s A.I. lab and chief scientist for A.I. at Google Cloud, one of the search giant’s most promising enterprises. Yet last September, when nervous company officials discussed […]

Qualcomm recently announced its XR1 “extended reality” platform that will allow companies like Facebook to make more advanced portable virtual reality headsets that you can take anywhere. Facebook‘s new portable Oculus Go headset, for example, is the best portable virtual reality solution on the market right now. But it uses an older Qualcomm Snapdragon 821 […]

E-scooter start-up Bird is the burgeoning industry’s first unicorn, with a recent funding round that values the company at $1 billion, according to a Bloomberg report. The start-up is raising $150 million in a round led by Sequoia Capital, the business news site said citing anonymous sources. Bird may raise more money in the new […]

Chinese President Xi Jinping said in a speech this week that blockchain — the technology underlying bitcoin — has “breakthrough” applications. “A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications,” he said Monday, according to a translation of his remarks. Xi also […]

Walmart has been churning out a lot of ideas behind the scenes. The big box retailer recently published a slew of patent filings that could reshape the shopping experience as we know it. While there’s no guarantee any of these ideas will actually be brought to life, they offer a glimpse into Walmart’s vision for […]

More than two-thirds of people around the world work away from the office at least once every week, according to researchers. A study released Tuesday by Luxembourg-based serviced office provider IWG found that 70 percent of professionals work remotely — a phenomenon known as telecommuting — at least one day a week, while 53 percent […]

The optimism over Apple’s services opportunity is overblown, according to one Wall Street firm. Maxim Group lowered its rating to hold from buy for Apple shares, predicting the company’s subscription businesses will disappoint investors. “Prior survey data indicates attach rates for [Apple’s] subscription services will be at best 30%, likely lower given ecosystem centric approach, […]