Tag Archives: CNBC

Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms’ customers

Microsoft was accused of unfairly overcharging customers of rival cloud companies including Amazon, Google and Alibaba Cloud in a U.K. lawsuit filed Tuesday.

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Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China

Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China. 

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China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule

Prominent AI scientist Max Tegmark said the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a “suicide race.”

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Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

Elon Musk’s pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.

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Streamer Kai Cenat earns millions, breaks Twitch subscriber record during 30-day livestream

Kai Cenat, a 22 year-old live streamer, completed a so-called subathon on Saturday, streaming 24 hours a day for the entire 30 days of November.

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Intel CEO Pat Gelsinger is out, stock up 5%

Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.

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Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban

Despite a looming ban, TikTok is making inroads in e-commerce, poaching both talent and sellers from Amazon.

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Coinbase policy chief expects speedy approval of crypto laws following Trump’s victory

Crypto legislation should make its way through Congress “fairly quickly” after Donald Trump’s election win, according to Coinbase’s chief policy officer.

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Elon Musk asks court to block OpenAI from converting to a for-profit

Elon Musk seeks to block OpenAI from changing its business structure, and discouraging deals to back competitors like xAI.

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In the new space race, hackers are hitching a ride into orbit

As space exploration rapidly evolves, so do the cybersecurity threats facing spacecraft, satellites, and space-based systems.

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