Meta's Zuckerberg sees $28 billion windfall after shares rocket
Meta CEO Mark Zuckerberg's net worth is now $165 billion, making him richer than Microsoft founder Bill Gates.
CNBC Technology
Tech execs are telling investors they have to spend money to make money on AI
On this week's earnings calls, tech executives highlighted the need in AI to build infrastructure and the opportunities to make money with agents.
Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend
Meta shares surged 20% on Friday, after profits tripled in the fourth quarter and the company issued its first-ever dividend.
Apple's Vision Pro virtual reality headset launches in U.S.
The new virtual reality headset is now available for pickup at all U.S. Apple Store locations and the online U.S. Apple Store.
Apple's sales plunged in China — these are the iPhone giant's 5 biggest problems right now
Apple is facing challenges in China including cautious consumer sentiment and intense competition, in particular from a rejuvenated Huawei.
AI lobbying spikes 185% as calls for regulation surge
AI-related lobbying reached new heights in 2023, with more than 450 organizations participating in the practice — a 185% increase from the year before.
Apple stock falls after company gives outlook suggesting weak iPhone sales
Apple reported earnings after the bell. Here are the results.
Meta shares jump after profit triples and company announces first-ever dividend
Meta's fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
Meta is paying first-ever dividend, authorizes $50 billion buyback
Meta will pay a 50 cent dividend, its first ever, and has authorized a $50 billion share buyback.
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
U.S. chip giant Advanced Micro Devices is betting on AI PCs as competition with rivals Nvidia and Intel intensifies
Mark Zuckerberg says Meta will 'keep things lean,' going big in AI with a lid on hiring
Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he's spending heavily on computing infrastructure and the metaverse.
Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon pointed to artificial intelligence traction in the cloud during the fourth quarter. Acceleration of cloud growth should continue, too.
Amazon reports better-than-expected results as revenue jumps 14%
Amazon reported earnings after the bell. Here are the results.
Tim Cook teases Apple AI announcement 'later this year'
Generative AI started drawing significant attention from technology companies and investors starting in 2022.
Zoom is cutting about 150 jobs, or close to 2% of its workforce
Zoom on Thursday confirmed that it's cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.
Meta’s Reality Labs loses record $4.65 billion ahead of Apple's Vision Pro launch
Meta's Reality Labs has now lost more than $40 billion dating back to late 2020.
Amazon announces AI shopping assistant called Rufus
Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
Musk's X post comes after a judge in Delaware, where Tesla is currently incorporated, voided the $56 billion pay package granted to the billionaire in 2018.
Taylor Swift songs removed from TikTok after her label UMG's spat with the app
Music by artists including Taylor Swift and Drake is no longer available on TikTok after the social video app and Universal Music Group failed to reach a deal.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
Subscribe to CNBC Technology feed
#channel