Tag: Technology

2024-09-15

Adobe shares fall 8% on weak fourth-quarter guidance

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Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024. Brendan Mcdermid | Reuters Shares of Adobe closed down more than 8% on Friday, a day after the software company released third-quarter results that offered worse-than-expected guidance for the fourth quarter. Adobe reported $5.41 billion…

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2024-09-14

Activist Engine Capital pushes for new board at Upwork, takes 4% stake

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Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019.  Smith Collection | Gado | Archive Photos | Getty Images Activist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company’s board. In a letter to Upwork’s…

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2024-09-13

Nvidia, OpenAI, Anthropic and Google leaders meet with White House to talk AI

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Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft president Brad Smith, Google President Ruth Porat…

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2024-09-13

FTX exec Ryan Salame threatened with sanctions for lying

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Former FTX executive Ryan Salame outside of U.S. District Court in Manhattan, Sept. 12, 2024 MacKenzie Sigalos | CNBC A furious federal judge on Thursday threatened to slap unspecified sanctions on former FTX executive Ryan Salame for lying to him last year when he pleaded guilty to campaign finance and money transmitting crimes. Salame at a hearing Thursday in U.S….

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2024-09-12

Oracle trails only Nvidia among large-cap tech in 2024, Ellison wins

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Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Larry Ellison turned 80 last month. It’s been a celebratory year. While fellow legacy tech players Intel and Cisco struggle to find their footing in a world driven…

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2024-09-10

Oracle (ORCL) Q1 earnings report 2025

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Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares rose 13% Tuesday and are on pace to close at a record after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates. Here…

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2024-09-09

How small modular reactors could expand nuclear power in the U.S.

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Nuclear plants could become smaller, simpler and easier to build in the future, potentially revolutionizing a power source that is increasingly viewed as critical to the transition away from fossil fuels. New designs called small modular reactors, or SMR in shorthand, promise to speed deployment of new plants as demand for clean electricity is rising from artificial intelligence, manufacturing…

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2024-09-08

Boeing Starliner returns to Earth empty, months later than planned

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In this image from video provided by NASA, the unmanned Boeing Starliner capsule undocks as it pulls away from the International Space Station on Friday, Sept. 6, 2024. NASA | Via AP Boeing‘s Starliner undocked from the International Space Station on Friday, months later than the spacecraft was originally supposed to depart — and without the two astronauts that…

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2024-09-07

Why airlines like American are scrambling to make engines last longer

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TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing.  As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines. The repair and overhaul of…

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2024-09-07

Salesforce to acquire Own for $1.9 billion in cash

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Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Marlena Sloss | Bloomberg | Getty Images Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. Salesforce intends to close the…

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