Tag Archives: CNBC

AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up

U.S. chip giant Advanced Micro Devices is betting on AI PCs as competition with rivals Nvidia and Intel intensifies

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Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring

Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he’s spending heavily on computing infrastructure and the metaverse.

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Tesla to settle lawsuit over mishandling hazardous waste in California

Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.

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Tim Cook teases Apple AI announcement ‘later this year’

Generative AI started drawing significant attention from technology companies and investors starting in 2022.

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Amazon cloud unit speeds up revenue growth as clients adopt AI services

Amazon pointed to artificial intelligence traction during the fourth quarter

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Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch

Meta’s Reality Labs has now lost more than $40 billion dating back to late 2020.

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Meta is paying first-ever dividend, authorizes $50 billion buyback

Meta will pay a 50 cent dividend, its first ever, and has authorized a $50 billion share buyback.

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Amazon announces AI shopping assistant called Rufus

Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.

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Zoom is cutting about 150 jobs, or close to 2% of its workforce

Zoom on Thursday confirmed that it’s cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.

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Amazon set to report fourth-quarter earnings after the bell

Amazon’s fourth-quarter earnings include the results of its October Prime Day event and the holiday shopping season.

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