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GitHub will be folded into Microsoft proper as CEO steps down

Microsoft has owned GitHub since 2018, but the widely used developer platform has operated with at least a little independence from the rest of the company, with its own separate CEO and other executives. But it looks like GitHub will be more fully folded into Microsoft's org chart starting next year—GitHub CEO Thomas Dohmke announced today that he would be leaving GitHub and Microsoft "to become a founder again." "GitHub and its leadership team will continue its mission as part of Microsoft’s

AI Is Creating Billionaires at Record Speed

While the world debates whether AI will take our jobs or save humanity, a small class of insiders already has the answer: for them, it’s a gold rush. The AI boom is creating a new caste of “nouveaux riches” at a speed the tech world has never seen before, turning top engineers into figures chased with the same fervor as star athletes. While the public grapples with the future, these are the people getting extraordinarily rich right now. The New Kings of AI At the top of the list is Jensen Hua

Paramount buys UFC rights for $7.7 billion, ending PPV events

Paramount just acquired the US rights to UFC for seven years in a deal worth $7.7 billion dollars, according to reporting by NBC News . This contract begins in 2026 and covers the organization's full slate of 13 marquee bouts and 30 Fight Night events per year. All matches and events will stream in the US on Paramount+ and select fights will simulcast on CBS. This ends the pay-per-view (PPV) model that ESPN+ has favored for premium UFC events. "What’s on pay-per-view anymore? Boxing? Movies on

OpenAI Usage Plummets in the Summer, When Students Aren't Cheating on Homework

For years, teachers have been bashing their heads against the wall as students outsource their homework to large language model (LLM) chatbots like ChatGPT. The time-honored tradition of parenting-by-screen — grossly exacerbated by the rise of LLM chatbots — is now coming to a head with what many have called a "crisis in student literacy," as reading ability among children in the US hits all-time lows. The issue isn't just affecting K-12 either; university professors have reported a similar dro

The winners and losers in tech's AI-powered ad race

In this article META GOOGL RDDT SNAP PINS Follow your favorite stocks CREATE FREE ACCOUNT watch now Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street's expectations, but the strength in digital ad spend was notable. Meta CEO Mark Zuckerberg said during the earnings call that AI helped imbue "greater efficiency and gains across our ad system," thus contributing to the 22% year-over-year increa

Tech is getting a boost from AI ad tools. Some companies are being left behind

In this article META GOOGL RDDT SNAP PINS Follow your favorite stocks CREATE FREE ACCOUNT Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street's expectations, but the strength in digital ad spend was notable. Meta CEO Mark Zuck

Block shares pop on full-year guidance boost

Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts' consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected 62 cents adjusted vs. 69 cents expected Revenue: $6.05 billion vs. $6.31 billion expected Revenue fell close to 2% from $6.16 billion a year earlier. Block said gross profit rose 14% from a year earlier to $2.54 billion, beating analyst

Duolingo stock skyrockets 14% on boosted guidance as AI powers user growth

A Duolingo logo is seen on a smartphone. Duolingo shares skyrocketed nearly 14% after the language-learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from a prior range of $987 million to $996 million. Duolingo also lifted its bookings guidance to between $1.15 billion and $1.16 billion. "We exceeded our own high expectations for bookings an

Instacart tops estimates, issues upbeat outlook

The Instacart logo is seen on a smartphone and on a PC screen. Simo, who helped take the grocery delivery company public in 2023 and guided it through a massive growth period during the Covid-19 pandemic, will step down from her position later this month as she joins OpenAI as its new head of applications. "We delivered another strong quarter, reinforcing the essential role we play in helping families save time, money, and effort putting food on the table," wrote outgoing CEO Fidji Simo in a s

Block shares pop 11% on full-year guidance boost

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Block shares jumped in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts' consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected Block doesn't report a revenue figure, but said gross profit rose 1

How Tim Cook convinced Trump to drop made-in-USA iPhone — for now

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT WASHINGTON, DC August 6: US President Donald Trump shakes hands with CEO of Apple Tim Cook during a meeting in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump has made clear that he wants Apple to make iPhones in the U.S. Apple CEO Tim Cook is doing what he can to appease the commander in chief, without making that ultimate concessio

IPO hopeful Brex scored major win to sell in the EU, plans UK expansion

Financial services provider Brex on Thursday announced that it achieved a major milestone: it is now licensed in the European Union. That means it can now directly issue credit and debit cards and offer its spend management products to any business in all 30 EU countries with “no workarounds required,” as co-founder and CEO Pedro Franceschi wrote in a blog post. While the corporate spend management startup previously supported 60 currencies in 200 countries, it could only sell its products to c

OpenAI Is About to Make Employees Millionaires

It’s a figure so large it almost loses meaning: $500 billion. That is the staggering valuation OpenAI, the company behind the revolutionary ChatGPT, could soon command. The company is in discussions with investors for a deal that would allow its current and former employees to sell their privately held shares, a source familiar with the matter told Gizmodo. This type of deal, known in financial jargon as a secondary sale or a tender offer, would more than double OpenAI’s recent $260 billion val

Duolingo stock skyrockets 30% on boosted guidance as AI powers user growth

Duolingo shares skyrocketed more than 30% after the language learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from a prior range of $987 million to $996 million. Duolingo also lifted its bookings guidance to between $1.15 billion and $1.16 billion. "We exceeded our own high expectations for bookings and revenue this quarter, and did it whil

SoftBank's Vision Fund posts best performance in 4 years

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus 127.6 billion yen expected, according to LSEG consensus estimates. It is the second straight quart

SoftBank Vision Fund posts $4.8 billion gain to drive second straight quarter of group profit

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus 127.6 billion yen expected, according to LSEG consensus estimates. It is the second straight quart

Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT U.S. President Donald Trump speaks as Apple CEO Tim Cook gestures, as they present Apple's announcement of a $100 billion investment in U.S. manufacturing, while U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick stand in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. Jonathan Ernst | Reuters Apple CEO Tim Cook and President Donald Trump on Wednesday announced that the i

Apple to invest another $100 billion into the US to avoid tariffs

Apple plans to invest an additional $100 billion in the US, the company announced on Wednesday. The investment follows President Donald's Trump's previously announced plans to raise tariffs on India by an additional 25 percent (bringing the total tariff to 50 percent) for purchasing oil from Russia. Apple relies heavily on manufacturers in India to create the iPhone, so adding to its already $500 billion investment in the US is likely a way to avoid being impacted by the tariffs. "Today, we're

DoorDash shares rise on earnings, revenue beat

Doordash food delivery service in New York City on Feb. 13, 2025. DoorDash shares climbed about 5% in extended trading on Wednesday after the food delivery company reported better-than-expected earnings and revenue for the second quarter. Here's how the company did compared to analyst estimates based on LSEG's consensus: Earnings per share : 65 cents vs. 44 cents expected : 65 cents vs. 44 cents expected Revenue: $3.28 billion vs. $3.16 billion expected Revenue jumped 25% from $2.63 billion

Airbnb beats on top and bottom lines for second quarter

Airbnb reported second-quarter results on Wednesday that beat analysts' expectations. Here's how the company did based on average analysts' estimates compiled by LSEG: Earnings per share: $1.03 vs. 93 cents expected $1.03 vs. 93 cents expected Revenue: $3.10 billion vs. $3.04 billion expected Revenue increased 13% from $2.75 billion during the same period last year. The company reported net income of $642 million, or $1.03 per share, up from $555 million, or 86 cents per share, a year earlie

Super Micro stock sinks 18% after earnings, outlook disappoint

Super Micro Computer shares plunged 18% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump's tariffs. CEO Charles Liang told investors on a conference call that the company has "taken measures to reduce the impact" of the tariffs. "With respect to the tariffs, the situation is dynamic," CFO David Weigand said on the investor call. "We're actively monitoring the tariff environment. We know there's news coming out ne

Apple Will Commit $100 Billion More to US Manufacturing, White House Source Says

Apple is said to be increasing its investment in US production by another $100 billion, per an agreement touted by the White House. In a statement planned for 4:30 p.m. ET on Aug. 6, President Donald Trump is set to unveil the creation of American Manufacturing Program. It will be part of an agreement that would raise the US production investments from world's top tech company from $500 billion, as previously announced, to $600 billion over the next four years. Apple said in February it was als

Super Micro stock sinks 20% after earnings, outlook disappoint

Super Micro Computer shares plunged 20% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump's tariffs. CEO Charles Liang told investors on a conference call that the company has "taken measures to reduce the impact" of the tariffs. "With respect to the tariffs, the situation is dynamic," CFO David Weigand said on the investor call. "We're actively monitoring the tariff environment. We know there's news coming out ne

Apple to announce $100B further commitment for US manufacturing

In Brief Apple plans to increase its commitment to U.S. manufacturing, according to a White House official cited and first reported by Reuters. The tech giant is set to announce Wednesday another $100 billion in spending to help boost production of its products here in the U.S., after previously committing to invest $500 billion in the country over the next four years. The $500 billion commitment includes opening a new advanced manufacturing facility in Houston to produce servers that support

Apple to announce $100B further commitment for U.S. manufacturing

In Brief Apple plans to increase its commitment to U.S. manufacturing, according to a White House official cited and first reported by Reuters. The tech giant is set to announce Wednesday another $100 billion in spending to help boost production of its products here in the U.S., after previously committing to invest $500 billion in the country over the next four years. The $500 billion commitment includes opening a new advanced manufacturing facility in Houston to produce servers that support

Trump says Apple will invest a further $100B in US production

A report says that Trump will shortly make an announcement from the White House claiming that Apple will spend a further $100 billion on US manufacturing over the next four years. Apple has so far not confirmed the announcement, which would bring its total domestic spending promise to $600 billion … Bloomberg reports on what appears to be advance sight of a White House press release. President Donald Trump will announce that Apple Inc. will commit to spend another $100 billion on domestic man

Uber beats on revenue, announces $20 billion stock buyback

In this article Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here's how the company did versus analysts' estimates compiled by LSEG: Earnings per share: 63 cents vs. 63 cents expected. 63 cents vs. 63 cents expected. Revenue: $12.65 billion vs. $12.46 billion expected.

Clay confirms it closed $100M round at $3.1B valuation

In Brief Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch’s report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed most employees to sell some of their shares. The latest deal brings Clay’s total funding to $204 million. Existing investors Meritech Capital, Sequoia Capital,

AMD reports weaker-than-expected earnings even as revenue tops estimates

Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled "Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation," in Hart building on Thursday, May 8, 2025. Advanced Micro Devices reported quarter earnings on Tuesday that missed estimates. The stock slid about 4% in extended trading. Here's how the chipmaker did versus LSEG expectations for the quarter ended June:

Super Micro shares plunge 15% on weak results, disappointing guidance

Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Super Micro Computer shares slid 15% in extended trading on Tuesday after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance. Here's how the company did in comparison with LSEG consensus: Earnings per share: 41 cents adjusted vs. 44 cents expected 41 cents adjusted vs. 44 cents expected Revenue: $5.76 billion vs. $5.89 billion