Snap shares rocket 15% on strong forecast, $400 million Perplexity deal
Snap shares climbed 15% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and ...
Tag: Meta Platforms Inc
IBM cutting thousands of jobs in the fourth quarter
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, ...
Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for ...
Microsoft AI chief says only biological beings can be conscious
Mustafa Suleyman, CEO of Microsoft AI, speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters ...
While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella.Getty ImagesAs tech giants increase their already breathtaking spending on artificial ...
Amazon stock soars 10% as earnings beat estimates, company posts strong cloud growth
Amazon shares jumped more than 10% in extended trading Thursday after the company posted third-quarter earnings that exceeded expectations, along ...
Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in ...
CNBC Daily Open: Capex is the number to look at amid Big Tech earnings
Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty ...
Meta CEO Mark Zuckerberg defends AI spending: ‘We’re seeing the returns’
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on ...
OpenAI’s new Sora 2 video generation app went viral. Is it a real threat to Meta?
Meta is facing new pressure from OpenAI, the juggernaut behind ChatGPT, which is now making waves in short-form video with ...
