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StubHub, a ticketing software company, has held talks with bankers in recent weeks about holding an initial public offering before the end of the year, two people with knowledge of the matter said, testing Wall Street’s appetite for a return of tech I.P.O.s. The talks are preliminary, said the people, who spoke on the condition…
A view of the Google headquarters in Mountain View, California, on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Google told staffers in its “People Operations” and cloud organizations this week that it plans to cut employees as part of internal reorganizations, CNBC has learned. The company will offer a voluntary exit program…
Two years after Apple introduced an encrypted storage feature for iPhone users, the company is pulling those security protections in Britain rather than comply with a government request that it create a tool to give law enforcement organizations access to customers’ cloud data. Starting on Friday, iPhone users in Britain will begin seeing a message…
Wall Street went into panic mode about two weeks ago after the Chinese start-up DeepSeek released an artificial intelligence system that appeared to be radically more efficient than what its American competitors had built. The investors who had pumped trillions of dollars into tech stocks over the last few years worried whether the tens of…
Amazon saw healthy consumer sales and a pickup in its cloud computing business in its latest quarter, but the company told investors on Thursday to expect slowing growth ahead. Sales from October through December hit $187.8 billion, up 10 percent from a year earlier. Profit rose 88 percent, to $20 billion. Both were roughly in…
Alphabet, Google’s parent company, reported sales that narrowly fell short of Wall Street’s expectations, weighed down by disappointing growth in its cloud-computing division, which sells the company’s artificial intelligence tools to other businesses. The Silicon Valley giant reported revenue of $96.5 billion in its most recent quarter, an increase of 12 percent from a year…
Investors worried about how much money big technology companies are spending on artificial intelligence did not get much relief from Microsoft when it reported its latest financial results on Wednesday. In its most recent quarter, which ended on Dec. 31, Microsoft kept up its rapid drive to build data centers to power cloud computing and…
Hours before a new federal law banning TikTok from the United States was set to take effect, the social media app showed users a pop-up message that said it would be “temporarily unavailable” starting on Sunday. “We regret that a U.S. law banning TikTok will take effect on January 19,” the message said. “We’re working…
