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.

Posted in Tech | Tagged | Comments Off on Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

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.

Posted in Tech | Tagged | Comments Off on Britain considers tougher internet safety laws after riots, Musk comments — what you need to know

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.

Posted in Tech | Tagged | Comments Off on Google’s live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users

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.

Posted in Tech | Tagged | Comments Off on Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up

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.

Posted in Tech | Tagged | Comments Off on Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says

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.

Posted in Tech | Tagged | Comments Off on Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates

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.

Posted in Tech | Tagged | Comments Off on Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

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.

Posted in Tech | Tagged | Comments Off on Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says

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.

Posted in Tech | Tagged | Comments Off on China’s Huawei is reportedly set to release new AI chip to challenge Nvidia amid U.S. sanctions

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.

Posted in Tech | Tagged | Comments Off on Texas judge in X’s lawsuit against advertisers recuses himself after report he owned Tesla stock