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Tech’s megacaps are now worth $21 trillion as market caps swell

Sagar10 months ago05 mins

Alphabet and Google CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk at Google for Startups in Warsaw, Poland, on February 13, 2025. Klaudia Radecka | Nurphoto | Getty Images From the courtroom to the boardroom, it was a big week for tech investors. The resolution of Google’s antitrust case led to sharp rallies…

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  • Business

FTC commissioner questions status of Snap AI chatbot complaint

Sagar10 months ago02 mins

U.S. Federal Trade Commission Commissioner Rebecca Slaughter raised questions on Friday about the status of an artificial intelligence chatbot complaint against Snap that the agency referred to the Department of Justice earlier this year. In January, the FTC announced that it would refer a non-public complaint regarding allegations that Snap’s My AI chatbot posed potential…

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  • Business

Roblox announces short-video, AI features amid child safety concerns

Sagar10 months ago02 mins

Thiago Prudêncio | Sopa Images | Lightrocket | Getty Images Roblox on Friday announced new short-video and AI features that come amid increasing lawmaker scrutiny into how the company protects children on its platform. With Roblox Moments, users 13 and older will be able to create and share video clips of their gameplay with others…

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  • Business

Broadcom stock pops on $10 billion customer analysts say is OpenAI

Sagar10 months ago03 mins

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares soared 15% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI. Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that…

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  • Tech

X’s encrypted DM feature, XChat, is rolling out more broadly

Sagar10 months ago02 mins

X long awaited Encrypted DMS FacilityXchat, getting more widely available. Although facility Loired In Beta in May, Xchat is now accessible to more users, including those who do not take membership of the X premium. Separate from the current DM inbox, Xchat and-to-end is encrypted. The chat system supports the ability to upload media, group…

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  • Business

How are Gen Zs affording luxury trips? For some, it’s all a facade

Sagar10 months ago03 mins

Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality,…

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Elon Musk says 80% of Tesla’s value will eventually come from Optimus

Sagar10 months ago03 mins

A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have…

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  • Business

Meta changes teen AI chatbot responses as Senate begins probe

Sagar10 months ago03 mins

Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Meta on Friday said it is making temporary changes to…

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Pure Storage stock soars to record Meta deal bolsters results, outlook

Sagar10 months ago03 mins

Charles Giancarlo, Pure Storage CEO, joins CNBC’s ‘Closing Bell Overtime’ on Aug. 27, 2025. CNBC Pure Storage shares jumped over 30% on Thursday and headed for a record close after the data storage management vendor reported quarterly results that topped estimates and lifted its guidance for the year. Wall Street was particularly enthused about the…

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Founder of IRL social media app charged with defrauding investors

Sagar10 months ago02 mins

Boonchai Wedmakawand | Moment | Getty Images The founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company’s 2021 funding round, the Department of Justice said Wednesday. A federal grand jury in the Northern District of California indicted Abraham Shafi, 38 of Hawaii, with…

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  • Trust in federal government at all-time low: Poll
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  • Homeowners tapped $47B equity in Q1 2026. What borrowers should know

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