Microsoft will let companies create their own custom versions of ChatGPT, source says

Microsoft plans to release software to help large companies create their own chatbots similar to ChatGPT later this year, CNBC has learned. In the two months since startup OpenAI released ChatGPT to the public, it has become a hitimpressing people with its ability to spit out comments on a wide variety of topics and in … Read more

Zoom to lay off 1,300 employees, or about 15% of its workforce

Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom were up 7% in afternoon trading. CEO Eric Yuan wrote in the blog post that as the world continues to adjust to life after the Covid pandemicthe company … Read more

Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light … Read more

Google announces Bard A.I. in response to ChatGPT

CEO of Alphabet and Google Sundar Pichai during press conference at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Google on Monday announced an artificial intelligence chatbot technology called “Bard” that the company will begin rolling out in the coming weeks. The announcement confirms CNBC’s prior reporting. … Read more

Cloud leaders Amazon, Google and Microsoft show the once-booming market is cooling down

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images As growth in traditional tech equipment and software slowed to a trickle in recent years, cloud computing gobbled up spending, reflecting a dramatic change in how companies were choosing to … Read more

Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action securities fraud trial stemming from tweets Musk made in 2018. The … Read more

Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008the Nasdaq … Read more

Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Alphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced AI features to its search engine. On Tuesday, CNBC reported that … Read more

Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks

Apple reported a tough December quarter on Thursday, including the company’s biggest quarterly revenue decline since 2016, and sales drops in its iPhone, Mac and wearables businesses. At first, investors didn’t like the results, with Apple shares dropping as much as 4% in extended trading after the earnings crossed. But the stock had a brief … Read more

Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates

Amazon Web Services CEO Adam Selipsky delivers a keynote address during the AWS re:Invent conference in Las Vegas on Nov. 29, 2022. Noah Berger |Getty Images Amazon said revenue in its cloud unit increased by 20% in the fourth quarter, a slower pace than analysts had projected and more sluggish than the 27.5% growth rate … Read more

Amazon’s advertising business grew 19%, while Google and Meta both deal with slowdowns

The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images Amazon’s advertising business continues to grow despite a general slowdown in digital advertising, which has hurt companies like Google parent Alphabet, Facebook parent Meta and Snap. The online retail … Read more

Qualcomm revenue falls 12%, guidance implies more pain this quarter

Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm shares rose by as much as 4% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted and issued weak quarterly guidance. Here’s how the company did: Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected … Read more

Alphabet misses on earnings and revenue as YouTube falls short

Google CEO Sundar Pichai Pradeep Gaur | Mint | Getty Images Alphabet missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company’s stock dropped as much as 6% after hours, erasing much of the 7.28% it gained in normal trading hours. Here’s how the numbers stacked … Read more

Amazon to report quarterly results after market close

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon will report fourth-quarter earnings after the market close Thursday. … Read more

Apple reports earnings after the bell Thursday

Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images Apple reports fiscal first-quarter earnings after the bell. Analysts expect the iPhone maker to post its first year-over-year revenue decline … Read more

Apple and Google should boot TikTok from their app stores, Democratic senator urges

Senator Michael Bennet (D-CO) speaks on a mobile phone after a vote the day after the shooting at Robb Elementary School in Uvalde, Texas, on Capitol Hill in Washington, May 25, 2022. Joshua Roberts | Reuters Sen. Michael Bennet, D-Colo., urged the CEOs of Apple and Google to remove TikTok from their mobile app stores … Read more

Meta’s ‘Year of Efficiency’ was everything Wall Street needed to hear from Zuckerberg

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images With one simple slogan, Meta CEO Mark Zuckerberg temporarily quelled investor discontent with his company’s multibillion-dollar investment into the futuristic metaverse. “Our management theme for … Read more

Chip stocks rally on optimistic AMD earnings and Fed’s signal that inflation is easing

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images Semiconductor stocks rose on Wednesday on the back of AMD’s strong earnings report and following the Federal Reserve’s decision to increase the … Read more

GoodRx to be barred from sharing health data for ads under proposed FTC settlement

GoodRx signage on the outside of the Nasdaq on the day of its IPO, September 23, 2020. Source: GoodRx The Federal Trade Commission proposed to permanently bar prescription drug comparison site GoodRx from sharing users’ health data with third parties for advertising purposes, the agency said Wednesday. In a “first-of-its-kind proposed order,” the FTC also … Read more

Meta acquisition of Within reportedly approved by court in loss for FTC

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Facebook-owner Meta will be permitted to buy Within Unlimited, the maker of virtual reality fitness app Supernatural, Bloomberg, The Wall Street Journal and … Read more

‘God Bless Elon Musk’: Top Republican lauds Twitter owner ahead of key hearing

U.S. Rep. James Comer (R-KY), Chairman of the House Oversight and Accountability Committee, speaks at a media event at the National Press Club on January 30, 2023 in Washington, DC. Kevin Dietsch | Getty Images House Oversight Committee Chairman Rep. James Comer, R-Ky., effusively praised Twitter owner Elon Musk Wednesday for “being transparent” about the … Read more

Google is asking employees to test potential ChatGPT competitors, including a chatbot called ‘Apprentice Bard’

A man walks through Google offices on January 25, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Google is testing new artificial intelligence-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a potential way to integrate it into a search … Read more

Why AMD is faring much better than Intel in the same tough economy

Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD). Bridget Bennett | Bloomberg | Getty Images AMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the board, AMD’s data center business … Read more

AMD beats on sales and profit but warns of a 10% revenue decline in Q1

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images AMD reported fourth-quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in … Read more

Snap shares plunge on weak revenue as digital ad struggles continue

Snapchat founder and CEO Evan Spiegel attends a session during the Viva Technology show in Paris on June 17, 2022. Eric Piermont | AFP | Getty Images Snap shares slid 13% in extended trading on Tuesday after the social media company reported fourth-quarter revenue that trailed analysts’ estimates. Here’s how the company did: Earnings per … Read more