Breaking News: Technology

Business

Amazon threatens ‘drastic’ action after Saks bankruptcy, says $475M stake is now worthless

Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing

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Finance

Alibaba-backed PixVerse launches real-time AI video tool, top executive tells CNBC

A screenshot of the PixVerse AI video generation home page showing sample clips. Screenshot BEIJING — An Alibaba-backed startup is

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Business

Tariffs and AI’s downside pose top global risks for business, World Economic Forum says

A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting

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Earnings

TSMC delivers another record quarter as profit jumps 35% fueled by robust AI chip demand

TSMC offices in San Jose, California, on April 18, 2024. Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company

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Earnings

Samsung Electronics estimates nearly three-fold profit surge as memory prices skyrocket

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images South

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Politics

California’s Ro Khanna faces Silicon Valley backlash after embracing wealth tax

Democrat Rep. Ro Khanna has embraced a wealth tax in his home state of California, and his longtime allies in

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Finance

China to crack down on AI chatbots around suicide, gambling

This photo taken on February 2, 2024 shows Lu Yu, head of Product Management and Operations of Wantalk, an artificial

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Finance

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a

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