Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of dollars in less than a year” and failed to hold up their agreement. When Saks acquired Neiman Marcus for $2.7…
TSMC offices in San Jose, California, on April 18, 2024. Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong. Here are the company’s results versus LSEG SmartEstimates, which are weighted…
Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk’s xAI said late Wednesday that its Grok chatbot will no longer be able to create sexualized images of real people based on user prompts following extensive backlash from political figures in the U.S. and abroad. “We have implemented technological measures to prevent the Grok account from…
Geopolitical tensions are shaking the cybersecurity tape, impacting Club names Palo Alto Networks , CrowdStrike , and Broadcom . But they’re not changing our investment theses. Reuters reported Wednesday that Chinese authorities have told domestic companies to stop using cybersecurity software from a handful of U.S. and Israeli firms, including Palo Alto Networks, CrowdStrike, Fortinet,…
Tesla CEO Elon Musk said Wednesday that the electric vehicle maker will stop selling its Full Self-Driving (Supervised) software for a flat rate and instead make it only available as a monthly subscription. “Tesla will stop selling FSD after Feb 14,” Musk said in an early morning post on his social media platform X. “FSD…
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb has tapped Ahmad Al-Dahle, former head of generative artificial intelligence at Meta Platforms, as its news technology chief, CEO Brian Chesky announced on…
A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic…
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images A little over four years after Mark Zuckerberg changed Facebook’s name to Meta, reflecting his…
Alex Karp, CEO of Palantir, speaking on CNBC’s Squawk Box on Nov. 4th, 2025. CNBC Executives of artificial intelligence startup Percepta AI, who were sued last year by Palantir for allegedly stealing confidential information and trying to poach top talent, called the claims an attempt to “stifle competition.” “In truth, Palantir is looking to scare…
Microsoft on Tuesday promised that consumers won’t pay more when the software maker sets up data centers nearby. The company also committed to replenish more water than it uses, and to add to local tax bases in places where it has data centers. “Our pledge to each of these communities is that we will pay…
