Apple lays off over 600 California employees after shuttering car project
[ad_1] Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying…
Intel shares fall after company reveals $7 billion operating loss in foundry business
[ad_1] Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel shares fell…
Generative AI ‘FOMO’ is driving tech heavyweights to invest billions of dollars in startups
[ad_1] Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News |…
Reddit shares plunge almost 25% in two days, finish the week below first day close
[ad_1] The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt…
DOJ sues Apple over iPhone monopoly in landmark antitrust case
[ad_1] The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone…
FTC investigating Reddit over AI data-licensing practices ahead of IPO
[ad_1] Mateusz Slodkowsk | Lightrocket | Getty Images Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training…
Palantir CEO Alex Karp says short sellers ‘love pulling down great American companies’ to pay for their cocaine
[ad_1] Palantir CEO Alex Karp skewered short sellers â investors who bet on the decline in a company’s stock price â in an interview with CNBC on Wednesday. “I love…
Oracle shares soar 13% on better-than-expected quarterly earnings
[ad_1] Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty…
Facebook is building a giant AI model to power all video recommendations, exec says
[ad_1] Omar Marques | Sopa Images | Lightrocket | Getty Images Meta’s hefty investment in artificial intelligence includes development of an AI system designed to power Facebook’s entire video recommendation…
