Grindr CEO George Arison in New York, June 4, 2026. Emma Rose Milligan | Bloomberg | Getty Images Grindr is betting that artificial intelligence can do more than just improve the dating app experience. It believes AI can simultaneously create a new premium subscription business while also dramatically changing how quickly its engineers build software….
An AMD employee installs a the first Helios rack-scale AI system in a data center lab in Rockdale, Texas, on June 24, 2026. Helios comes in four customizable configurations, and this is the one Meta will deploy later this year. Andrew Evers | CNBC Advanced Micro Devices is counting on its graphics processing units to…
Jakub Porzycki | Nurphoto | Getty Images Shares of adtech giant AppLovin tanked 17% on Thursday following a second-quarter revenue miss. Here’s how the company performed compared with Wall Street’s expectations, according to LSEG estimates: Earnings per share: $3.76 vs. $3.76 expected Revenue: $1.92 billion vs. $1.94 billion expected In the earnings call Wednesday, CEO…
An overall view of the manufacturing line in a Hadrian Automation Inc. factory. Courtesy: Hadrian Automation, Inc. Riding a wave of enthusiasm for defense tech, manufacturing startup Hadrian on Thursday closed its latest round of funding at a nearly $8 billion valuation, more than quadruple where investors valued the company in January. The round was…
HONG KONG, CHINA – 2026/03/06: A young shopper walks past a commercial advertisement for the Nintendo Switch, depicting the gaming character Mario, in Hong Kong. (Photo by Sebastian Ng/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nintendo reported fiscal first-quarter earnings on Thursday, beating analysts’ revenue and profit estimates, even as…
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel, while a rise in ByteDance’s value helped its Vision Fund division. The Japanese giant said net profit for the June quarter totaled 347.3 billion Japanese yen ($2.2 billion). That beat the…
Demis Hassabis, co-founder of DeepMind Technologies Photographer: Jose Sarmento Matos/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Depending on where you sit, Google either has the most enviable position in artificial intelligence or is bleeding top talent to leading AI labs and other startups on the frontline of innovation. It’s a contrast that’s…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. The Indian government has been rushing to sell stakes in state-owned companies this year. So far, it has pared its stake in 10 public…
CNBC’s Jim Cramer said Wednesday investors looking at Elon Musk’s SpaceX should stop thinking in quarters and start thinking in decades. “SpaceX could be a 100-year piece of paper,” the “Mad Money” host said, arguing that SpaceX should be viewed much like the century-long railroad investments that ultimately rewarded patient investors. “Maybe you put some…
The Etsy Inc. headquarters in the Brooklyn borough of New York, US, on Tuesday, June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy said Wednesday it’s laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an…
