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Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations. In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku. Wood said the company added more than four million new streaming households during its […]
OpenAI’s board of directors on Friday rejected a $97.4 billion bid by Elon Musk and a consortium of investors to gain control of the artificial intelligence company, deepening a feud between Mr. Musk and OpenAI’s chief executive, Sam Altman. In a statement, Bret Taylor, the chairman of the OpenAI board, said, “OpenAI is not for […]
BEIJING — Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes don’t work! Approaching a red light, her father swerved around two cars before plowing into an SUV and a sedan and crashing into a large concrete barrier. Stunned, Zhang […]
Accenture has reportedly scrapped its diversity, equity and inclusion goals – becoming the latest major tech company this week to walk back the policies under conservative pressure. The global IT services company – which is based in Dublin, Ireland and hires extensively from India – will start “sunsetting” its 2017 diversity goals, according to an […]
For more than six years, Amazon Web Services, the world’s largest cloud computing company, provided technical support to deliver TikTok videos to tens of millions of Americans. But over the weekend, Amazon faced a dilemma. A new law was taking effect banning TikTok, owned by the Chinese company ByteDance, in the United States. Tech companies […]
In this photo illustration an iPhone displays a popup message on the social media platform TikTok on January 19, 2025 in Washington, D.C. Kayla Bartkowski | Getty Images TikTok was available to some U.S. users on Sunday after President-elect Donald Trump said that he would sign an executive order on Monday following his inauguration to […]
Jonathan Raa | Nurphoto | Getty Images Shares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense. The move mirrors an 8% fall in Tencent’s U.S. depository receipts on Wall Street. Other Chinese companies […]
OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI said Wednesday it was working to fix an outage after its popular ChatGPT assistant and Sora video generator were left inaccessible. “We have identified the issue and […]
NBA great LeBron James’ media company lost nearly $30 million last year — and is on pace to lose millions more, according to a report. The 39-year-old Lakers star, who has won four NBA titles during his legendary career, has struggled to match his hardwood success with SpringHill — the production company he co-founded with […]
