Tag Archives: CNBC

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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OpenAI says nonprofit parent will own equity stake in company of over $100 billion

OpenAI said that its nonprofit parent will continue to oversee the company and have a very large stake in its future.

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‘We will do better.’ Microsoft CEO Nadella admits company has to rebuild trust with employees

Microsoft CEO Satya Nadella told employees on Thursday that the company has work to do to smooth relations with employees after layoffs.

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Amazon suspends engineer who protested company’s work with Israeli government

Ahmed Shahrour, a Palestinian engineer who works for Amazon’s Whole Foods unit, was suspended this week while the company investigates his case.

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Adobe’s stock gains on earnings, revenue beat

Adobe shares have dropped this year, badly underperforming the broader market.

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Oracle shares retreat 7% after sharpest rally in more than 30 years

One analyst fretted that much of Oracle’s planned business expansion comes from a single client: OpenAI.

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Uber sued by DOJ for alleged discrimination against disabled riders

The suit seeks a jury trial and injunctive relief, monetary damages and to charge Uber a civil fine for violations of the Americans with Disabilities Act.

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Alphabet, Meta, OpenAI, xAI and Snap face FTC probe over AI chatbot safety for kids

The Federal Trade Commission is issuing orders to seven companies to understand how their AI chatbots potentially negatively affect kids and teenagers.

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Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit

Verily hired Sloan in 2020 to serve as the chief commercial officer of its diabetes and hypertension business, Onduo. 

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Opendoor stock soars 60% after company names new CEO

Former CEO Carrie Wheeler resigned last month following a pressure campaign from investors.

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