Technology

A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Amazon‘s top executive overseeing workplace health and safety is leaving the company next month, CNBC has learned. Heather MacDougall, who joined Amazon
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Deepak Ahuja joined Zipline as Chief Business and Financial Officer in 2022. Courtesy Zipline Former Tesla CFO Deepak Ahuja will join Zipline’s leadership team as the company’s chief business officer and CFO, Zipline announced Friday. Zipline is a Silicon Valley-based robotics company that delivers supplies to hard-to-reach areas using drones. It initially focused on medical
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In this article ETH.CM= BTC.CM= Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin surged on Friday breaking back above the $20,000 mark as the U.S. dollar weakened
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Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won’t affect the automaker’s business.
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In this article QCOM META Facebook parent Meta and Qualcomm will work on making virtual reality chips for various metaverse applications. Ercin Erturk | Anadolu Agency | Anadolu Agency | Getty Images Meta and Qualcomm are teaming up to develop custom chipsets for virtual reality products, the companies announced on Friday. The two U.S. technology
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In this article PDD Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Pinduoduo launched its U.S. online shopping site as the Chinese e-commerce giant makes
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Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images BEIJING — U.S. restrictions
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In this article SNAP Snap shares rose as much as 15% after it confirmed reports it will cut 20% of its more than 6,000-person workforce and said it will scrap several projects, including its Pixy photo-taking drone and its lineup of Snap Originals premium shows. CEO Evan Spiegel announced the moves in a memo Tuesday,
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In this article SNAP Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap is laying off 20% of its workforce, which equates to over 1,000 employees, according to
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In this article AAPL Apple CEO Tim Cook poses in front of a new MacBook Airs running M2 chips display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple‘s Mac supply chain has normalized, according to analysts at JPMorgan, who said lead times have moderated to
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In this article BABA 700-HK JD Chinese technology giants including Alibaba have seen slower-to-no-growth as China’s economy faces weakness as a result of Beijing’s zero-Covid policy. Qilai Shen | Bloomberg | Getty Images Chinese technology giants are coming off the back of their worst quarter of growth in history as a big slowdown in the
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In this article RIVN TSLA AMZN Following in Tesla’s footsteps, another electric vehicle company has been making a name for itself, with a unique spin: Rivian Automotive. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.”
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