Breaking News: Technology
- Meta's Reality Labs cuts sparked fears of a 'VR winter' - Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised concerns about the future of the industry.
- Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board - Nvidia's board now has 10 directors, including CEO Jensen Huang,
- Pardoned Binance founder Zhao says his business relationship with the Trumps was 'misconstrued' - Binance founder and former CEO Changpeng "CZ" Zhao said that he has "no business relationships whatsoever" with the Trump family.
- Intel stock drops 14% as manufacturing troubles overshadow earnings beat - Over the last year, Intel shares have rallied more than doubled on hopes of a turnaround for the embattled American chipmaker.
- Nvidia’s Huang to visit China as AI chip sales stall - Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.
- Microsoft working to fix Outlook email issues - People reported issues with Outlook on social media, months after the app went down for over 21 hours.
- TikTok forms U.S. joint venture, names a CEO - TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
- Intel stock falls 6% after company offers soft first-quarter guidance - Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
- OpenAI chair Bret Taylor says AI is 'probably' a bubble, expects correction in coming years - Taylor said the free market will ultimately determine where the value is and which AI players have the best products.
- OpenAI seeking investments from Middle East sovereign wealth funds for multibillion-dollar round - OpenAI CEO Sam Altman is in the United Arab Emirates to participate in investment talks as he tries to raise more money for his cash-burning startup.