Tech

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Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue
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After five and half years leading Waymo, John Krafcik announced Friday he is stepping down from his role, leaving the company to two co-CEOs Tekedra Mawakana and Dmitri Dolgov. Krafcik has overseen the company’s biggest milestones, its rebranding to Waymo, partnerships and raised outside funding all while leading enthusiasm through the ranks. But Krafcik’s departure
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GlobalFoundries campus in Malta, N.Y. Mary Thompson | CNBC GlobalFoundries, the third-largest foundry, is planning to invest $1.4 billion in its chip factories this year, and will likely double that investment next year, CEO Tom Caulfield told CNBC in an interview. Caufield said the company’s manufacturing capacity is completely booked and that industrywide semiconductor supply
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In this article GOOGL After five and half years guiding Waymo, Alphabet’s subsidiary developing autonomous-drive technology, John Krafcik has decided it’s time for someone else to run the company. Actually, it will be a pair of Waymo’s top executives, Tekedra Mawakana and Dmitri Dolgov, who will become co-CEOs of the company. In a blog post
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In this article TSLA Tesla Model 3 Source: Tesla Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. Estimates ranged from
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Apple’s new California Flats solar farm Courtesy of Apple Apple will use Tesla‘s Megapack at its new battery-based renewable energy storage facility, the smartphone-maker confirmed to CNBC on Thursday. Apple announced Wednesday it’s building a battery-based solar energy storage facility in California. The company said the facility will be capable of storing 240 megawatt-hours of energy,
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In this article BILI 9988-HK 9888-HK The Bilibili booth is pictured during the 2019 Yangtze River Delta International Cultural Industries Expo at National Exhibition and Convention Center on November 21, 2019 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images GUANGZHOU, China — Shares of Chinese video and gaming company Bilibili opened
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In this article GOOGL NFLX FB SNAP SQ TWTR Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC After setting ambitious user growth and revenue goals
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In this article VIACA DISCA Shares of ViacomCBS and Discovery continued their dramatic plunge Friday, down 30% and 31%, respectively. That’s led to ViacomCBS shedding more than 53% for the week, while Discovery has dipped about 49%. ViacomCBS shares began to fall earlier this week after the company announced it would raise $3 billion from
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In this article AMZN An Amazon worker inside a warehouse during coronavirus pandemic Amazon has received authorization from the Food and Drug Administration for a Covid-19 test that it hopes to use to bolster its employee screening program. The test is being developed by Amazon subsidiary STS Lab Holdco, according to an FDA filing. The
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In this article 700-HK BIDU 9999-HK JD 9988-HK Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. VCG | Getty Images China’s dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease — have collectively lost billions in market
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Zoom CFO Kelly Steckelberg said Wednesday she’s well aware of the toll working from home can have on employees, and offered insight into how the company that’s become synonymous with videoconferencing during the pandemic tries to prevent burnout among its own staff. Steckelberg’s comments on “Closing Bell” come after so-called Zoom fatigue attracted renewed attention
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Rep. Anna Eshoo, D-Calif., speaks during a rally in the Capitol Building to call on the Senate to vote on House Democrats’ prescription drugs and health care package on Wednesday, May 15, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images At his fourth congressional testimony since July, Facebook CEO Mark Zuckerberg plans to
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A detail shot from a collage “EVERYDAYS: THE FIRST 5000 DAYS”, by a digital artist BEEPLE, that is on auction at Christie’s, unknown location, in this undated handout obtained by Reuters. Beeple | Christie’s Images Ltd. | via Reuters You’ve probably heard a lot about nonfungible tokens (NFTs) recently. Mike Winkelmann, the artist who goes
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In this article TSLA AMZN Smith Collection/Gado | Archive Photos | Getty Images A U.S. federal agency is considering as evidence a former Tesla employee’s complaint about how the company managed and communicated about fire risks and defects in its solar installations, CNBC has learned from documents received through a Freedom of Information Act request.
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From left, Wiz employees Yaniv Shaked, Idan Gazit, Adi Leist Sharon, Guy Rozendorn, George Pisha, Eyal Wiener in Israel in March 2021. Wiz Public market investors have trimmed their stakes in technology stocks in recent weeks, but the start-up market remains hot. Wiz, a year-old cybersecurity company with just 65 employees, is now worth $1.7