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Tesla's stock erases loss for the year, soaring 85% from April low

cnbc.com Lora Kolodny 2025-09-27 07:40:32

Tesla's shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump's announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker. The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It's up 85% since bottoming for the year at $221.86 on April 4. A new filing revealed that CEO

Topics: company musk quarter tesla year

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Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

gizmodo.com Ece Yildirim 2025-09-27 11:25:38

On Monday, Google’s parent company, Alphabet, became the fourth company to reach a market value of $3 trillion, and every member of this exclusive club has something in common. All it took was a rather small 4% rise in shares for the tech giant to hit the coveted stock market benchmark. Rather unsurprisingly, the three previous winners of that title—Nvidia, Microsoft, and Apple—are all titans of the tech industry that have been riding the wave of investor interest in AI, as well. Alphabet stoc

Topics: ai company market stock trillion

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Amazon may be announcing new Echo and Kindle devices on September 30

engadget.com Unknown 2025-09-28 03:20:44

Amazon has a press event scheduled for September 30 at 10AM ET. Panos Panay, who leads the company's Devices & Services team, will be on hand. This strongly suggests that Amazon will announce some new hardware. We don't exactly know what the company will reveal, but we do have a giant clue. The press invite also included a composite image of various Amazon devices. These appear to include a Kindle ereader, a Fire TV of some kind and an Echo speaker. Those are three of the company's biggest prod

Topics: advertisement amazon company echo new

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Amazon Set to Unveil Upgraded Home and Entertainment Hardware Later This Month

cnet.com See Full Bio 2025-09-28 02:41:41

Amazon is set to announce a slew of refreshed products at its annual fall hardware event, which the company announced Monday will take place Sept. 30 in New York City. Amazon has a wide-ranging product portfolio including Kindles, Echo smart speakers, Ring security devices and Fire TV products -- any of which could be candidates for upgrades. Back in February, Amazon upgraded its smart assistant Alexa with new conversational skills enabled by AI. Supercharged Alexa will be front and center in

Topics: amazon company devices new smart

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Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

theverge.com Andrew J. Hawkins 2025-09-28 03:02:42

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk is responding to the unprecedented pay package proposal from Tesla’s board of directors by slightly increasing his stake in the company. Musk bought $1 billion in Tesla stock through an irrevocable trust on September 12th, acc

Topics: company ev musk purchase tesla

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Alphabet becomes fourth company to reach $3 trillion market cap

cnbc.com Jennifer Elias 2025-09-28 07:15:26

Google CEO Sundar Pichai gestures to the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025. Alphabet has joined the $3 trillion club. Shares of the search giant jumped more than 4% on Monday, pushing the company into territory occupied only by Nvidia , Microsoft and Apple . The stock got a big lift in early September from an antitrust ruling by a judge, whose penalties came in lighter than shareholders feared. The U.S. Department of Justice wa

Topics: big company google judge search

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The US and China might finally have a TikTok deal

theverge.com Emma Roth 2025-09-28 07:33:45

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. The US and China have reached a “framework” deal to divest TikTok from its Chinese parent company, Treasury Secretary Scott Bessent told reporters during trade talks in Madrid on Monday. As noted by Reuters, Bessent confirmed that “the framework is for a switch to a U.S.-controlled ownership.” He said Trump will confirm the deal with Chinese Preside

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Snap's AR glasses are getting a better browser and support for Spotlight video

engadget.com Unknown 2025-09-28 11:00:09

Snap is upgrading the software that powers its augmented reality glasses as it gets ready for the first non-developer version of its "Specs" next year. The latest update to Snap OS includes an improved web browser, as well as the ability to browse Spotlight videos in AR. The company has long said that one of its goals for AR glasses is to enable people to spend less time staring at their phones. Snap hasn't quite accomplished that yet, but Snap OS is starting to get more features that could hel

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Epic Games versus Apple Australia ruling published – Apple calls it harmful

9to5mac.com Ben Lovejoy 2025-09-28 15:42:06

We last month learned that Epic Games had won its antitrust case against Apple in Australia, with the court ruling that the iPhone maker must permit side-loading and third-party payments. The full reasoning for that decision has now been published – all 900 pages of it – and Apple has accused the judge of underestimating the privacy and security risks to users … The case hinged on the usual question: What defines the dominance of the App Store? Apple argues that it does not have a monopoly, a

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Harvard Law to AI: MarqVision lands $48M to combat brand abuse

techcrunch.com Kate Park 2025-09-28 15:00:00

When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an entrepreneur. I assumed I was set to become a lawyer; most of my family members are lawyers, and practicing law felt like a natural path,” Lee said in an exclusive intervi

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OpenAI Ramps Up Robotics Work in Race Toward AGI

wired.com Will Knight 2025-09-28 23:00:00

OpenAI appears to be ramping up its efforts in robotics, hiring researchers who work on humanoid systems as it explores new ways to advance artificial intelligence. The company has recently recruited a number of researchers with expertise in developing AI algorithms for controlling humanoid and other types of robots. Job listings show that the company is putting together a team capable of creating systems that can be trained through teleoperation and simulation. Sources with knowledge of the c

Topics: company humanoid openai robotics robots

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Everyone Thinks Elon Musk is Going to Build a SpaceX Mobile Network

gizmodo.com Aj Dellinger 2025-09-28 16:50:18

SpaceX’s has been partnering with mobile carriers like T-Mobile to offer its satellite internet service Starlink to extend the reach of cell networks. But, according to a report from the Washington Post, the company has ambitions to be more than just a partner. Following a major purchase of wireless spectrum earlier this week, it appears everyone is expecting Elon Musk’s company to get into the wireless network business for itself. On Monday, it was reported that SpaceX was finalizing a deal wi

Topics: company mobile musk network spectrum

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Rolling Stone’s parent company sues Google over AI Overviews

theverge.com Terrence O'Brien 2025-09-28 20:49:38

is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing editor at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Disclosure: Penske Media Corporation is an investor in Vox Media, The Verge’s parent company. Penske Media Corporation, the publisher of Rolling Stone and The Hollywood Reporter, has become the first major American media company to sue Google over its AI summaries. The company claims that t

Topics: ai company google media penske

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Opendoor Board Chair Thinks the Company Should Cut Its Workforce by 85 Percent

gizmodo.com Lucas Ropek 2025-09-28 07:00:25

If you work for Opendoor, the online real estate platform, you might consider polishing up your resume. The chair of the company’s board recently let it slip that he thinks the firm could stand to lose almost all of its employees. During a recent appearance on CNBC’s “Squawk on the Street,” Keith Rabois, a former member of the PayPal Mafia, told a reporter that he felt that the majority of the people at his company were expendable. “There’s 1,400 employees at Opendoor. I don’t know what most of

Topics: company firm opendoor rabois stock

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Spotify Would Prefer You Didn’t Sell Your Own Data for Profit

gizmodo.com Aj Dellinger 2025-09-28 13:15:54

Spotify has never been shy about the fact that the massive amount of user data it collects is a major part of its secret sauce, from its user-specific Discover Weekly playlist to the annual event that is Spotify Wrapped. But the company, which does everything it can to lock people into long listening sessions and sells ads based on user data, would really prefer it if you didn’t bottle up that sauce and resell it for your own profit. According to a report from Ars Technica, a set of users did ju

Topics: company data spotify user users

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xAI reportedly laid off at least 500 AI tutors working on Grok

engadget.com Unknown 2025-09-28 13:00:59

xAI has laid off at least 500 workers from its data annotation team, the company's largest, according to Business Insider. The annotation team is in charge of categorizing and contextualizing raw data used to train Grok so that it can understand the world better. Business Insider says the laid off employees were informed via email on the evening of September 12, Friday, that it was going to downsize its team of general AI tutors. They were reportedly told that they would be paid their salaries u

Topics: ai company grok team xai

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Tether Taps Trump’s Former Crypto Advisor to Lead US Operations

gizmodo.com Aj Dellinger 2025-09-28 11:00:34

In an effort to solidify itself as the go-to company in the cryptocurrency space for stablecoins, Tether is tapping Bo Hines, the former Executive Director of Donald Trump’s White House Crypto Council to lead its operations in the United States, including efforts to launch a new stablecoin called USAT that will comply with new, Trump-backed regulations, according to CNBC. Tether is best known for its USDT stablecoin, which is pegged to the US Dollar and has become the most commonly used token f

Topics: company crypto hines operations trump

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xAI reportedly lays off 500 workers from data annotation team

techcrunch.com Anthony Ha 2025-09-28 15:50:50

In Brief Elon Musk’s AI startup xAI laid off 500 team members on Friday night, according to internal messages viewed by Business Insider. These emails reportedly announce an immediate “strategic pivot,” with the company deciding to “accelerate the expansion and prioritization of our specialist AI tutors, while scaling back our focus on general AI tutor roles.” “As part of this shift in focus, we no longer need most generalist AI tutor positions and your employment with xAI will conclude,” xAI

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What to expect at Meta Connect 2025: 'Hypernova' smart glasses, AI and the metaverse

engadget.com Unknown 2025-09-29 03:26:28

Meta Connect, the company's annual event dedicated to all things AR, VR, AI and the metaverse is just days away. And once again, it seems like it will be a big year for smart glasses and AI. This year, the event will take a slightly different format than in the past. Mark Zuckerberg is scheduled to kick things off with an evening keynote at 5PM PT on Wednesday, September 17. A developer keynote with other executives will take place the next morning on September 18, beginning at 10AM, with more

Topics: ai company glasses meta new

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Via shrugs off tepid open to end first day of trading slightly above IPO price

techcrunch.com Rebecca Bellan 2025-09-29 03:16:00

Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at end the day slightly higher. The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when the stock began trading Friday afternoon, and then inched back into the green to finish at just over $49. The modest gain values Via at roughly $3.9 billion a

Topics: company growth ipo million said

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Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-29 07:19:17

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

Topics: company exchange gemini ipo million

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Boring Company Pauses Work After Worker Gets Crushed

futurism.com Unknown 2025-09-29 03:10:00

Elon Musk's tunnel-digging firm The Boring Company's operations in Las Vegas were suspended after a worker sustained a "crushing injury." As local fire department and OSHA spokespeople told Fortune, authorities received a call about an "industrial/machinery incident" on Wednesday evening. The injured worker had to be lifted out of the tunnel using an on-site crane and transported to a local hospital. "The patient is reported to be stable," a spokeswoman for the patient told Fortune. It's yet

Topics: boring company las tunnel vegas

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Why the Oracle-OpenAI deal caught Wall Street by surprise

techcrunch.com Tim De Chant 2025-09-29 07:01:41

This week, OpenAI and Oracle shocked the markets with a surprise $300 billion, five-year agreement, part of a surge of new business that sent the cloud provider’s stock skyrocketing. But maybe the markets shouldn’t have been taken by surprise. The deal is a reminder that, despite Oracle’s legacy status, the company still plays a major role in AI infrastructure. On the OpenAI side, the agreement was more revealing than the lack of details suggest. For one, the startup’s willingness to pay so muc

Topics: company compute infrastructure openai power

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Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-29 11:36:30

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

Topics: company exchange gemini ipo million

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Amazon suspends engineer who protested company's work with Israeli government

cnbc.com Annie Palmer 2025-09-28 17:45:48

A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022. Amazon suspended a software engineer who protested the company's work with the Israeli government, CNBC has confirmed. Ahmed Shahrour, a Palestinian engineer who works for Amazon's Whole Foods business and is based in Seattle, was informed Monday morning that he was being suspended with pay "until further notice" after he posted messages on Slack criticizing the company's ties to Israel.

Topics: amazon company israel said shahrour

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Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-29 15:50:39

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station soared as much as 40% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $45.89. The stock was trading up about 21% at 2:50 p.m. ET. The New York-based company priced its

Topics: company exchange gemini ipo million

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Encyclopedia Britannica Wants Perplexity to Stop Using Its Logos When AI Makes Stuff Up

cnet.com See Full Bio 2025-09-29 19:20:55

Merriam-Webster's dictionary defines the verb plagiarize as "to steal and pass off (the ideas or words of another) as one's own: use (another's production) without crediting the source." And that's exactly what its parent company, Encyclopedia Britannica, is alleging the AI company Perplexity did with its AI answers engine, according to a complaint filed Thursday in the US District Court for the Southern District of New York. AI companies like Perplexity are no strangers to copyright infringeme

Topics: ai britannica company encyclopedia perplexity

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Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce

cnbc.com Annie Palmer 2025-09-29 22:59:22

Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a "bloated" workforce have been a drag on the company's culture, as he vowed to slash headcount. "There's 1,400 employees at Opendoor. I don't know what most of them do. We don't need more than 200 of them," Rabois told CNBC's "Squawk on the Street" on Friday. The online real estate platform on Wednesday appointed former Shopify executive Kaz Nejatian as its new CEO after investor pressure caused his predecessor

Topics: ceo company friday opendoor rabois

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DOJ Sues Uber Over Allegations of Refusing Service to Disabled Customers

cnet.com See Full Bio 2025-09-29 22:47:00

Uber is being sued for the second time in four years by the Department of Justice over complaints about its ridesharing service's treatment of customers with disabilities. According to the suit, a copy of which was posted online by the website TechCrunch, the company is alleged to "routinely refuse to serve individuals with disabilities, including individuals who travel with service animals or who use stowable wheelchairs." The lawsuit also accuses Uber of imposing cleaning surcharges related

Topics: company riders service suit uber

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The Inventor of Ozempic Is Suddenly Sacking Huge Numbers of Employees

futurism.com Unknown 2025-09-30 06:21:48

Image by Kristian Tuxen Ladegaard Berg / SOPA Images / LightRocket via Getty / Futurism Developments Novo Nordisk, the 102-year-old Danish drugmaker behind the blockbuster drugs Ozempic and Wegovy, is laying off thousands of workers as it seeks to recoup some of the revenue it's lost to competitors amid the GLP-1 boom. In a press release, the pharmaceutical giant announced that it would soon let go of 11 percent of its workforce, totaling about 9,000 of its 78,400 employees around the world. A

Topics: ceo company market novo ozempic

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Latest Tech News

Tesla's stock erases loss for the year, soaring 85% from April low

Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

Amazon may be announcing new Echo and Kindle devices on September 30

Amazon Set to Unveil Upgraded Home and Entertainment Hardware Later This Month

Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

Alphabet becomes fourth company to reach $3 trillion market cap

The US and China might finally have a TikTok deal

Snap's AR glasses are getting a better browser and support for Spotlight video

Epic Games versus Apple Australia ruling published – Apple calls it harmful

Harvard Law to AI: MarqVision lands $48M to combat brand abuse

OpenAI Ramps Up Robotics Work in Race Toward AGI

Everyone Thinks Elon Musk is Going to Build a SpaceX Mobile Network

Rolling Stone’s parent company sues Google over AI Overviews

Opendoor Board Chair Thinks the Company Should Cut Its Workforce by 85 Percent

Spotify Would Prefer You Didn’t Sell Your Own Data for Profit

xAI reportedly laid off at least 500 AI tutors working on Grok

Tether Taps Trump’s Former Crypto Advisor to Lead US Operations

xAI reportedly lays off 500 workers from data annotation team

What to expect at Meta Connect 2025: 'Hypernova' smart glasses, AI and the metaverse

Via shrugs off tepid open to end first day of trading slightly above IPO price

Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

Boring Company Pauses Work After Worker Gets Crushed

Why the Oracle-OpenAI deal caught Wall Street by surprise

Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

Amazon suspends engineer who protested company's work with Israeli government

Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

Encyclopedia Britannica Wants Perplexity to Stop Using Its Logos When AI Makes Stuff Up

Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce

DOJ Sues Uber Over Allegations of Refusing Service to Disabled Customers

The Inventor of Ozempic Is Suddenly Sacking Huge Numbers of Employees

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