Tag Archives: CNBC

Opendoor board chair Rabois says company is ‘bloated,’ needs to cut 85% of workforce

Keith Rabois was named chairman of Opendoor this week and the company, which he co-founded, hired former Shopify executive Kaz Nejatian as its new CEO.

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Joby and Archer join FAA’s eVTOL pilot testing program

The Federal Aviation Administration announced an air taxi pilot program Friday two months after President Donald Trump’s executive order.

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Tether reveals USAT stablecoin, appoints Bo Hines, former White House advisor, to lead U.S. business

Tether has revealed its domestic stablecoin, USAT, and named former White House advisor Bo Hines CEO of its U.S. business.

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Apple iPhone Air’s China release delayed

Wireless carriers in China must obtain regulatory approval before they can sell devices with an eSIM, the company said.

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Nvidia and OpenAI to back major investment in UK AI infrastructure

The U.K., like other countries, is courting major U.S. AI players in a bid to boost its own national infrastructure.

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Apple, Google and Meta are trying to perfect a science-fiction gadget: The universal translator

Apple, Google and Meta are capitalizing on advancements in AI to bring new translation features to their latest hardware devices.

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Microsoft sidesteps hefty EU fine with Teams unbundling deal

The European Commission last year accused Microsoft of breaching competition rules with the “abusive” bundling of its Teams and Office products.

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Nvidia-supplier SK Hynix readies next-gen memory chips, staying ahead of competition

SK Hynix shares soared Friday as chipmaker announced it was ready to the mass produce its next-generation high-bandwidth memory chips.

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Klarna IPO and ASML’s Mistral bet revive Europe’s tech dreams

For years, investors have been talking up Europe’s potential to build valuable tech firms. Those dreams could finally be moving closer to reality.

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Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Gemini Space Station, the operator of the cryptocurrency exchange founded by the Winklevoss brothers, has seen strong demand for its offering.

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