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Tag Archives: CNBC
Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter
Cisco reported its third straight quarter of declining revenue and announced a large restructuring plan that will result in $1 billion in pre-tax charges.
Britain considers tougher internet safety laws after riots, Musk comments — what you need to know
The U.K. is considering ways to toughen up internet safety regulations after far-right riots sparked by misinformation and incendiary comments from Elon Musk.
Google’s live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
While Google’s live demo on Tuesday had some bugs, the company showed it’s closer than its rivals to bringing artificial intelligence to smartphones.
Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
Reddit is currently benefiting from a Google search update, but it’s unclear how well the company will attract new users excited enough to create accounts.
Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says
Instagram failed to remove toxic comments directed at U.S. Vice President Kamala Harris and other leading female politicians, the CCDH said in a report.
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
Intel has sold its 1.18 million stake in British chip firm Arm Holdings, a regulatory filing showed on Tuesday, as the company cuts costs.
Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says
Market research firm Newzoo said the games industry is set to grow 2.1% year over year, down from its earlier forecast of 2.8% year-over-year growth.
China’s Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions
Huawei is reportedly planning to introduce a new AI chip which it claimed is on par with Nvidia’s H100.
Texas judge in X’s lawsuit against advertisers recuses himself after report he owned Tesla stock
U.S. District Judge Reed O’Connor in Texas has recused himself from X’s case against the World Federation of Advertisers.