Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped about 6% in extended trading. Here’s…
Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight periods of declines. However, earnings missed analyst estimates, pushing the stock down about 2% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 50 cents adjusted vs. 54 cents estimated Revenue: $28.10…
Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty Images Tech giant Alphabet is contributing $22 million to help build the White House ballroom under a…
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its chief…
Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images JPMorgan Chase and Goldman Sachs are harnessing it to employ fewer people. Ford CEO Jim Farley warned that it will “replace literally half of…
Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go…
Worased Boontipchayakun | Istock | Getty Images A group of prominent figures, including artificial intelligence and technology experts, has called for an end to efforts to create ‘superintelligence’ — a form of AI that would surpass humans on essentially all cognitive tasks. Over 850 people, including tech leaders like Virgin Group founder Richard Branson and…
Sopa Images | Lightrocket | Getty Images Netflix is “all in” on leveraging generative artificial intelligence on its streaming platform, according to the company, as AI continues to make its way into mainstream entertainment. The comments came from Netflix’s earnings report Tuesday, which highlighted AI as a major focus for the world’s largest streaming service…
Samsung Galaxy XR Headset Courtesy: Samsung It’s been more than 17 years since the modern smartphone era began with the launch of the iPhone, and tech companies have been obsessed with trying to disrupt it ever since. The most common approach is mixed reality XR headsets: computerized goggles that put all of your apps and…
Nicoletaionescu | Istock | Getty Images It is tech’s biggest question, and there is a wide range of takes on every side. With artificial intelligence-driven spending leading to record deals and valuations, seemingly everyone is weighing in on the AI boom — and potential bust. Economic bubbles happen with a rapid rise in market values…
