Techno

Latest news update about Technology from various trusted source.

Amazon’s sprawling grocery business has become an ‘expensive hobby’

In this Feb. 21, 2020 photo, Dilip Kumar, vice president of physical retail and technology for Amazon, poses for a photo inside an Amazon Go Grocery store set to open soon in Seattle’s Capitol Hill neighborhood. Ted S. Warren | AP Amazon has spent almost three decades perfecting the art …

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After Tesla CEO Elon Musk alleged ‘unrelenting investigation,’ SEC pushes back

Elon Musk, chief executive officer of Tesla Inc., speaks to members of the media while departing from federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images The Securities and Exchange Commission submitted a letter to a federal judge on Friday responding …

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Microsoft’s Activision talks started after reporting on sex misconduct

Bobby Kotick, chief executive officer of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 10, 2019, in Sun Valley, Idaho. Drew Angerer | Getty Images Microsoft first reached out to game publisher Activision Blizzard about a possible tie-up the same week a media report landed asserting …

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Intel delays Granite Rapids, says it needs to boost spending

Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel stock fell about 6% on Friday after the company told investors at a meeting on …

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DraftKings CEO dismisses stock plunge, says it’s a ‘wild market right now’

Friday’s plunge in DraftKings shares is a reflection of an unstable stock market and not the sports betting company’s performance, CEO Jason Robins suggested on CNBC. “It’s a wild market right now. I think what we’re doing has been very consistent since day one,” Robins said on “Squawk on the …

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Roku stock plunges 25%

People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares dropped as much as 25% on Friday after the streaming company reported fourth-quarter …

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DraftKings (DKNG) Q4 2021 earnings

Shares of DraftKings fell more than 19% Friday morning after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents …

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DeepMind scientists trained an A.I. to control nuclear fusion

British artificial intelligence scientist and DeepMind CEO Demis Hassabis. OLI SCARFF | AFP | Getty Images Scientists at DeepMind have found another real-world application for their artificial intelligence software. The London-based AI lab, which is owned by Alphabet, announced Wednesday that it has trained an AI system to control and …

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Roku earnings Q4 2021

Anthony Wood David Orrell | CNBC Roku shares fell as much as 12% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus. Here’s how the company did: Earnings: 17 cents per share, adjusted, vs. 9 cents per share …

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Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion

Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp. The two companies first revealed their plans to merge in July, in a deal that at the time valued Circle at just $4.5 billion. They have …

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