SoftBank posts $6.2 billion quarterly loss as WeWork collapse, tech slump drag bottom line
SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.
CNBC Technology
OpenAI says ChatGPT downtime caused by targeted attack
ChatGPT is experiencing major outages reflective of a targeted attack, according to OpenAI's status page.
UK's top tech cop tells platforms how to comply with tough new online safety rules
Ofcom outlined new codes of practice that it wants platforms like Google, Apple, Meta, Amazon and Microsoft, to follow under its tough new online safety laws.
Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target
Sony reported a 29% drop in operating profit for its second quarter as the company suffered from weakness in its imaging sensor business.
Arm reports first post-IPO earnings and the stock is down 7%
Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
SEC Chair Gensler says rebooted FTX run by ex-NYSE chief is possible if done 'within the law'
After FTX founder Sam Bankman-Fried was found guilty of fraud charges last week, SEC chair Gary Gensler said the crypto exchange could be revived.
Snap conducts a small round of layoffs to its product team
Snap has conducted a round of layoffs impacting 20 product managers as part of a reorganization intended to streamline the social-messaging company.
Shares of Roblox pop 11% after company's third-quarter results beat estimates
Roblox shares jumped Wednesday after the company released third-quarter results that beat analysts' estimates.
Take-Two stock up ahead of earnings in anticipation of GTA 6 announcement
Take-Two Interactive shares surged as much as 9.4% in premarket trading Wednesday, in anticipation of a full announcement for its Grand Theft Auto 6 game.
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
Bitcoin ATMs are taking over malls and gas stations across the U.S.
OpenAI's ChatGPT back online after ‘major’ outage
ChatGPT, OpenAI's viral chatbot, was down and citing "high error rates" for the tool's more than 100 million weekly active users.
Microsoft's GitHub announces Copilot assistant that can learn about companies' private code
Expert developers and their less experienced peers might be able to spend less time working on proprietary code using GitHub's Copilot Enterprise — for a fee.
Amazon beefs up Prime loyalty program with One Medical discount
The company acquired One Medical for roughly $3.9 billion in July 2022.
GM's Cruise is recalling 950 robotaxis after pedestrian collision
GM-owned Cruise recalls 950 robotaxis after pedestrian collision.
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC said it is launching custody services for storing tokenized securities, digital versions of regulated assets like bonds that exist on the blockchain.
Health AI startup Cercle debuts with backing from Sheryl Sandberg
A new health technology startup called Cercle is using AI to advance women's fertility care.
TikTok owner ByteDance offers employees buyback option at higher price to boost confidence
The buyback plan comes after a challenging few years for ByteDance, which has faced tougher regulation, a fall in valuation and scrutiny of TikTok in the U.S.
Samsung launches generative AI model made for its devices, beating Apple to the punch
Samsung Electronics on Wednesday introduced a new generative artificial intelligence model called Samsung Gauss.
Nintendo to make Zelda movie after Mario success; shares pop 6%
Nintendo said Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters.
WeWork has a massive footprint in London. Its bankruptcy could shake up the city's office market
The company said that its restructuring is limited to WeWork's locations in the U.S. and Canada.
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