Tech CEOs like Mark Zuckerberg and Jeff Bezos have expressed tension with Trump, leading to donations to his inauguration fund. OpenAI CEO Sam Altman, in a legal battle with Elon Musk, is also a donor.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
PoliticsOpenAI | Rating: 61 | 2024-12-13 09:40:43 PM |
A US House committee urged Apple and Google to prepare for a potential TikTok ban in the US. The committee reminded the tech giants of their responsibilities as app store operators following a court ruling that upheld a law requiring TikTok's Chinese parent company, ByteDance, to divest the app by January 19th.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
TechApple | Rating: 59 | 2024-12-13 08:31:04 PM |
OpenAI co-founder Elon Musk wanted the company to convert to a for-profit business, but when he didn't get majority equity and control, he left and predicted the company's failure. OpenAI has now become the leading AI research lab.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
AIOpenAI | Rating: 73 | 2024-12-13 08:10:28 PM |
Broadcom's stock surged over 21%, pushing its market cap to over $1 trillion due to Q4 earnings that exceeded expectations and strong AI revenue growth of 12%. The company reported $14.05 billion in revenue, with semiconductor solutions group revenue at $8.23 billion.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
2024-12-13 03:20:58 PM |
The SEC has demanded a settlement from Elon Musk, alleging securities fraud related to his 2022 Twitter share transactions. Musk's attorney claims the SEC is pressuring him to agree to a fine within 48 hours or face multiple charges.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
LawTesla | Rating: 56 | 2024-12-13 09:10:48 AM |
ServiceTitan, a cloud software provider for contractors, sold shares at $71 each in its IPO, raising $625 million. The stock opened at $101, giving the company a market cap of $6.3 billion. This is notable as one of the first major tech IPOs since 2021 due to market conditions.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
2024-12-12 11:00:32 PM |
Broadcom exceeded profit expectations for the fourth quarter and reported that its AI revenue tripled year-over-year. The company anticipates first-quarter revenue of approximately $14.6 billion.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
2024-12-12 10:30:49 PM |
Adobe shares dropped 13% after issuing disappointing Q1 revenue guidance of $5.63-$5.68 billion, below analysts' average estimate of $5.73 billion. Analysts at TD Cowen downgraded the stock to hold, while Wells Fargo maintained its buy rating. The company's stock is down 20% for the year, significantly underperforming the Nasdaq's 33% increase.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
FinanceAdobe | Rating: 56 | 2024-12-12 09:20:39 PM |
A startup called Sublime is gaining traction in the email security market, which has seen a shift towards cloud-based solutions and generative AI-powered security tools.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
AISublime | Rating: 76 | 2024-12-12 08:40:41 PM |
The Texas House of Representatives introduced a bill to establish a strategic bitcoin reserve, allowing the state to accept taxes, fees, and donations in bitcoin and hold them for at least five years.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
CryptoTexas | Duplicated with: | Rating: 49 | 2024-12-12 04:50:50 PM |
