Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: billion Clear Filter

Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft shares jumped 7% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading. Here's how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations: Earnings per share : $2.77 adjusted versus $2.71 expected

Meta slated to reported second-quarter earnings after the bell

Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company's costs and related guidance amid CEO Mark Zuckerberg's recent artificial intelligence hiring blitz. Here's what analysts polled by LSEG are expecting: Earnings per share : $5.92 expected : $5.92 expected Revenue: $44.8 billion expected Investors are likely to be monitoring any comments from Zuckerberg about his company's recent spending on AI and how that technology might benefit

Microsoft set to report earnings after the close

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft is scheduled to report fiscal fourth-quarter results after markets close on Wednesday. Here's what analysts are expecting, according to LSEG consensus: Earnings per share: $3.37 $3.37 Revenue: $73.81 billion The estimates imply around 14% year-over-year revenue growth for Microsoft, the world's No. 2 company by marke

Ramp hits $22.5B valuation just 45 days after reaching $16B

In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by BlackRock, with participation from Neuberger Ber

Anthropic in talks to raise fresh capital at $170 billion valuation

Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors' thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to r

CyberArk pops on report of $20B+ acquisition talks with Palo Alto Networks

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. CyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion. Cloud security is becoming an increasingly critical piece of the enterprise tech stack, especially as rapid advancements in artificial inte

Anthropic reportedly nears $170B valuation with potential $5B round

In Brief Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment Authority and GIC, Singapore’s sovereign wealth fund, according to the report. If finalized, the deal would nearly triple Anthropic’s valuation, which w

CyberArk's stock jumps on report Palo Alto Networks in talks to buy company for over $20 billion

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. CyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion. Representatives of the two companies didn't immediately respond to requests for comment. Cloud security is becoming an increasingly critic

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 11% on weak guidance

Spotify shares dropped more than 11% Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Shares headed for their worst session since July 2023. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues ro

PayPal stock sinks 8% as company reports slow growth in key margin figure

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 8% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 8% on weak guidance

Spotify shares dropped more than 8% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

PayPal reports slow growth in key margin figure even as earnings top estimates

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 5% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

Spotify stock falls 7% on revenue miss, lackluster guidance

Spotify shares dropped more than 7% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year

Spotify stock falls on revenue miss, lackluster guidance

Spotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Sweden-based music platform's revenues rose 10% from about 3.81 billion euros in the year-

Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022. Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week. The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21. The new range, announced in a regulatory filing, suggests F

What went wrong for Yahoo

Reddit calls itself the front page of the Internet. But for a good decade or even a decade and a half, Yahoo had as legitimate of a claim as any to the title of front page of the Internet. On July 25, 2016, Yahoo met an inglorious end as an independent company, selling out to Verizon for $4.8 billion. That makes today as good of a day as any to look at what happened to Yahoo, the first front page of the Internet. How far Yahoo fell At the time, Forbes called it the saddest $5 billion deal in t

Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Palantir has hit another major milestone in its meteoric stock rise. It's now one of the 20 most valuable U.S. companies. The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company's market cap to $375 billio

Investors Are Suddenly Pulling Out of AI

Despite pouring a record-breaking amount of cash into US-based AI startups in the first half of 2025, some of the tech industry’s most bullish backers are now starting to change their tune or even exit the field altogether — and the money isn’t necessarily coming with them. With the first half of the financial year now behind us, CNBC reports that venture capitalists — who’ve dumped $104.3 billion into AI companies this year so far, almost as much as all of 2024 combined — are now frequently ex

Intel confirms it will cut a third of its workforce by the end of 2025

Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings results . Reports in April suggested that Intel could eliminate around 20 percent of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. That's about a third less than the 108,900 people it employed at the close of the previous fiscal year. These cuts are part of the company

Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'

The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share : Loss of 10 cents per share, adjusted. : Loss of 10 cents per sha

Mysterious Whale Makes a 17,000,000% Profit on a 14-Year-Old Bitcoin Bet

Several Bitcoin whales—investors who hold large amounts of the cryptocurrency — have recently started cashing out after leaving their Bitcoin untouched for more than a decade. Last week, one anonymous whale sold 80,000 Bitcoin for a whopping $9.5 billion. A user on X (formerly Twitter) first flagged the massive transaction, which was later reported by Tom’s Hardware. The seller had originally purchased the Bitcoin in 2011 for just $54,000, netting a staggering return of more than 17 million per

Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica

is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. In April, Intel attempted to announce layoffs without announcing layoffs. “We have not set any headcount reduction target,” Intel spokesperson Sophie Metzger told The Verge. But the company has laid off thousands of employees since — and today, in the company’s Q2 2025 earnings, it has revealed that Intel will dramatically shrink as a resul

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

In this article TSLA BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck The company's digital assets are currently valued at $1.24 billion. That's up substantially from $722 million a year ago. But anyone who's been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in m

Elon Admits That Tesla Is in for a World of Hurt

The ordeal isn't over yet for Tesla or its investors, according to CEO Elon Musk, as it misses heaps of Wall Street targets in its latest earnings report. "We probably could have a few rough quarters," Musk said in a conference call on Wednesday, as quoted by the Financial Times. If past is prelude, he could be onto something. In the second quarter, between April and June of this year, Tesla raked in just $1.2 billion in net income, when during that same period last year it made $1.4 billion.

OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

The GOP's Message for Tech Billionaires: Be Like Peter Thiel

The unholy alliance between Silicon Valley and the Republican Party is no longer new. Between Elon Musk’s descent upon Washington, the number of Big Tech billionaires flying in to kiss President Donald Trump’s ring, and the expansion of the role of companies like Palantir in the US government, former president Joe Biden’s warning about the impending oligarchy has certainly borne out. All of this raises a question: Six months into Trump’s presidency, just how important are Silicon Valley billion

OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to