A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC is now the world’s third-largest foundry in terms of revenue in the first quarter, according to Counterpoint Research. State-backed SMIC, or
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In this article NWSA Follow your favorite stocksCREATE FREE ACCOUNT Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Denis Balibouse | Reuters OpenAI and News Corp. on Wednesday announced a “multi-year global partnership” that will allow OpenAI to access current and
In this article CRWD MSFT Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Microsoft has come under fire recently from both the U.S. government and rival companies for its failure to stop a Chinese hack of its systems last summer. One change the tech giant is making in response: linking executive
Honor already has a number of smartphones on the market that fold like a book, such as the Magic V2 that was launched in July 2023 shown here. The Chinese tech company is now preparing to launch a vertical-folding style smartphone, its CEO George Zhao told CNBC at the Mobile World Congress. Honor Chinese smartphone
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Google announced Tuesday that it will be giving advertisers the ability to create immersive visuals in their promotions
Dado Ruvic | Reuters A slew of major tech companies including Microsoft, Amazon, and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit. The agreement will see companies from countries including the U.S., China, Canada, the U.K., France, South Korea, and the United Arab Emirates,
In this article BABA 9618-HK AAPL Follow your favorite stocksCREATE FREE ACCOUNT An advertisement for the Huawei Pura70 mobile phone is being seen in front of the Apple Store on the pedestrian street of Nanjing Road in Shanghai, China, on May 15, 2024. Nurphoto | Nurphoto | Getty Images Apple is offering hefty discounts on
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images A fire broke out at Tesla‘s vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. No injuries were reported among employees
Samsung is the world’s biggest maker of memory chips. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race. Young Hyun Jun will replace Kyehyun Kyung, who will now head the future business division, which focuses
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a company event on AI technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft is touting new computers with advanced chips designed to run artificial intelligence features of software for Windows, without quickly using up battery life. The
TripActions CEO Ariel Cohen TripActions The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are getting more optimistic about their prospects in the public markets. Asked about when
Tech billionaire Elon Musk (2nd L) speaks next to Indonesia’s Health Minister Budi Gunadi Sadikin (L) during a ceremony held to inaugurate satellite unit Starlink at a community health center in Denpasar on Indonesia’s resort island of Bali on May 19, 2024. Musk launched on May 19 his Starlink service on Indonesia’s resort island of
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft‘s Build developer conference kicks off on Tuesday, giving the company the opportunity to showcase its
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory in Fremont, California, April 24, 2024. Justin Sullivan | Getty Images As part of Tesla’s massive restructuring, the electric vehicle maker notified the California Employment Development Department
The Microsoft logo is displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images The U.K.’s Competition and Markets Authority cleared Microsoft’s AI partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger. The CMA said in a brief statement Friday that the
In this article XPEV 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT Xpeng’s “Land Aircraft Carrier” vehicle has a flying passenger drone hidden inside the truck. The drone can detach. XPENG AEROHT Xpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker’s co-president told CNBC
In this article RDDT Follow your favorite stocksCREATE FREE ACCOUNT The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares surged 11% in extended trading on Thursday after the social media
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT A man walks past Microsoft’s local headquarters in Beijing on July 20, 2021. Noel Celis | Afp | Getty Images Microsoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as Washington cracks down on Beijing’s
Shailendra Singh, managing director of Peak XV Partners. Lionel Ng | Bloomberg | Getty Images India offers a “very favorable” environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia. “My general view is, especially in Indian public markets, the regulatory
Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus
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