Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Artificial intelligence research startup OpenAI on Tuesday introduced a tool that’s designed to figure out if text is human-generated or written by … Read more
Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website. President and CEO Dan Schulman wrote in the release that … Read more
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 … Read more
Removing molten iron from a pilot scale facility at the Boston Metal facilities in Woburn, Mass. Photo courtesy Boston Metal The $1.6 trillion steel industry is the backbone of the modern world. It’s also a significant contributor to global warming, representing between 7% and 9% of global carbon dioxide emissions, according to the World Steel … Read more
Here are Wednesday’s biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft’s earnings report, noting it has concerns about Azure growth. “We are downgrading MSFT to Market Perform based on ongoing uncertainty on Azure. We had previously placed Microsoft on our negative watch list in … Read more
The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. Logan Cyrus | AFP | Getty Images Check out the companies making headlines before the bell. Boeing – Boeing’s stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a … Read more
The Microsoft logo is seen at the Microsoft store in New York City. Mike Segar | Reuters Microsoft said it is investigating issues with several of its products, including Teams and Outlook. The U.S. technology giant said that users may not be able to access multiple Microsoft 365 services. “We’ve identified a potential networking issue … Read more
Daniel Ek, CEO of Swedish music streaming service Spotify. Toru Yamanaka | AFP | Getty Images Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending. Spotify has a total workforce of around 9,800 … Read more
Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and took questions from a concerned workforce during a town hall meeting on Monday. Google CEO Sundar Pichai led the companywide meeting and told employees … Read more
CNBC’s Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some of the biggest companies in technology, retail and consumer goods. Companies like Microsoft, IBM and ServiceNow are slated to report their quarterly financial … Read more