A pedestrian walks past a TATA pop-up store with a poster reading ‘The Future is AI’ outside the World Economic Forum (WEF) in Davos, Switzerland, Sunday, January 14, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from 15 to 19. January. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg … Read more
Apple flagship store in Shanghai in November 2023. Costfoto | Nurphoto | Getty Images Apple is offering discounts on a range of its products in China, including the latest iPhones, its website shows, as it faces growing competition and growing concerns about a lack of demand for its flagship smartphone. Between January 18 and January … Read more
Zurich Central Station MacKenzie Sigalos DAVOS, Switzerland — It took 18 hours, a Lyft, two planes, three cross-country train rides and a ride in a Volvo sport utility vehicle to get from downtown Manhattan to an apartment on Scalettastrasse, a snow-covered street in the heart. from Davos. The small Swiss Alpine town is once again … Read more
The Android character will appear at Google headquarters on December 19, 2023 in Mountain View, California. Justin Sullivan | Getty Images After a year defined by mass layoffs among Silicon Valley giants, tech workers traded the prospect of high-growth capital and home jobs for something more stable. According to 2023 data from tech platform Karat, … Read more
Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Microsoft ended Friday’s US trading session as the most valuable publicly traded company, surpassing Apple after briefly outperforming the iPhone maker during intraday trading on Thursday. Microsoft shares climbed more than 3% for the week, bringing the company’s market capitalization to $2.89 trillion, while … Read more
This photo taken on Sept. 22, 2023 shows a Rokid employee demonstrating an augmented reality helmet at the company’s office in the 2022 Asian Games host city of Hangzhou, in east China’s Zhejiang province. From autonomous bug zappers to android pianists and driverless ice cream trucks, machines rule the world, at least at China’s Asian … Read more
Google headquarters in Mountain View, California, on January 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut several hundred jobs across the company late Wednesday as the company continues to push for efficiencies and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC. The layoffs will affect employees of Google’s hardware … Read more
Omar Marques | Lightrocket | Getty Images The US Securities and Exchange Commission has just approved the first-ever batch of exchange-traded spot bitcoin funds originating in the US. The agency on Wednesday gave the green light to sponsors of 10 ETFs, including BlackRock, Invesco, Fidelity, Grayscale and Ark Invest – paving the way for the … Read more
Brian Armstrong, CEO of Coinbase Global Inc., speaks during the Messari Mainnet Summit in New York on Thursday, September. 21, 2023. Michael Nagle | Bloomberg | Getty Images Now that the SEC has approved the creation of Bitcoin Exchange Traded Funds, Coinbase the crypto market position is about to change dramatically. In the coming weeks … Read more
Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a memo to employees Wednesday informing them of the job cuts, according to a copy of the memo seen by CNBC. An Amazon spokesperson confirmed the layoffs. Hopkins said the company made the … Read more