Tag Archives: CNBC

Apple sends invites to May 7 launch event, new iPads expected

Apple will launch new products on May 7 in a online event, according to invites sent to the media on Tuesday.

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Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention

Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost-cutting.

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Google search boss warns employees of ‘new operating reality,’ urges them to move faster

At a recent all-hands meeting, Google search head Prabhakar Raghavan told employees that the world is changing and they have to adjust.

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Philippines orders removal of Binance from Google and Apple app stores

The Philippines’ Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

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Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.

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SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips

SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.

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China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era

IQiyi founder Gong Yu also pointed to estimates that predict about one-fourth of China’s population will be considered elderly in 2033.

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India is a key chip design market, Qualcomm says, as Modi makes semiconductor push

Qualcomm is already designing chips in India, Qualcomm India’s president Savi Soin said in an exclusive interview.

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UnitedHealth paid ransom to bad actors, says patient data was compromised in Change Healthcare cyberattack

UnitedHealth Group on Monday said it paid ransom to cyberthreat actors to try and protect patient data.

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Tech’s earnings bonanza this week shines spotlight on growing troubles at Tesla, Google

This quarter’s earnings reports from the U.S. tech giants coincide with a mountain of drama that the companies are facing.

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