Tag Archives: CNBC

Reddit shares slump 6% on daily active user miss

Reddit CEO Steve Huffman said that the company experienced some “volatility” in user growth as a result of a Google search algorithm tweak.

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Google joins $350 million funding round for humanoid robotics company Apptronik

Apptronik has partnered with NASA and NVIDIA as it works on iterations of robots that rival those of Elon Musk’s Tesla Optimus.

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Prenuvo adds new health tests to flagship full-body scan, raises $120 million in fresh funding

Prenuvo exploded in popularity because of its $2,500 full-body MRI scan that has been lauded by celebrities like Kim Kardashian.

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Crypto scams likely hit a new record in 2024, driven by ‘pig butchering’ and AI, says Chainalysis

Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and become more organized.

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Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say

OpenAI was initially founded as a non-profit in 2015, and later converted to a “capped profit” model in 2019.

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Apple will integrate Alibaba’s AI into iPhones in China, chairman Joe Tsai says

Alibaba Group chairman Joe Tsai confirmed the company is partnering with Apple to help it roll out AI for iPhones sold in China on Thursday.

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Sony posts quarterly profit beat as gaming revenues jump

The December quarter is a key period for Sony, covering the holiday shopping season which is often a lucrative time for consumer electronics firms.

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Google to test using AI to determine users’ ages

It comes as the company leans more heavily into AI and as it faces pressure from lawmakers.

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AppLovin soars almost 30% on earnings, guidance beat

After a banner year that saw AppLovin’s stock jump more than 700%, the company reported better-than-expected results for the fourth quarter.

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Cisco pops on increased full-year revenue forecast

Cisco topped analysts’ estimates and lifted its full year guidance due in part to orders for artificial intelligence infrastructure.

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