Tag Archives: CNBC

AI gave tech giants a $2.4 trillion boost to their market caps in 2023

Accel said in a report the share price values of big tech firms such as Apple, Microsoft, Alphabet, Amazon and Nvidia rose by an average of 36% year over year.

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Former FTX engineer describes panicky rooftop meeting where he learned how bad things were

Nishad Singh, FTX’s former engineering head, testified on Monday about a private meeting he had with Sam Bankman-Fried regarding the dire financial situation

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FTX top engineer testifies Bankman-Fried spent $1.13 billion on celebrities and sponsorships

Nishad Singh, FTX’s former engineering head, testified Monday about what he said was Sam Bankman-Fried’s “excessive” spending.

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Snap shares rise nearly 12% after CEO shares strong 2024 projections with employees

CEO Evan Spiegel told employees in a memo that Snap could log more than 475 million DAUs and more than 20% in full ads revenue growth in 2o24.

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Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here

Revenue growth at Microsoft’s business social network has slowed as advertisers pull back in an uncertain economy.

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Bankman-Fried needs Adderall to testify, defense requests delay in trial

Sam Bankman-Fried’s lawyers say he urgently needs his long-release Adderall, otherwise they’ll need to take a day off from his criminal trial.

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Meta’s unique approach to developing AI puzzles Wall Street, but techies love it

Meta’s AI push, driven by its Llama large language model, takes a page out of the open source playbook

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How to make a FaceTime call from your Apple TV 4K

You can now make a FaceTime call from your TV if you have an Apple TV running on tvOS 17, an iPhone on iOS 17, or an iPad on iPadOS 17.

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Tether freezes 32 crypto wallets holding $873,118 linked to terrorism and warfare in Israel, Ukraine

Tether has frozen 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine, according to a media release published on Monday.

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Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review

Nineteen months after agreeing to the company’s largest purchase ever, Microsoft has closed its acquisition of Activision Blizzard

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