Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using…
Justin Sullivan | Getty Images Instacart on Tuesday launched a suite of artificial intelligence tools for grocers to deliver more personalized shopping experiences and improve retail operations. CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to power hundreds of digital storefronts. “It’s…
The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried. “I don’t get a huge sense that they’re dreading the job market or that they think there are going to be…
Palantir‘s stock fell 6% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company. During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.” Karp called the…
Scale AI CFO Dennis Cinelli. Courtesy of Scale AI. After Meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire the startup’s founder, Alexandr Wang, and a handful of his employees, the future of Scale was immediately thrown in doubt. OpenAI soon…
Palantir CEO Alex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter. “The two companies he’s shorting are the ones making all the money, which is…
Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland, in what will be the company’s first wholly-owned subsea cable project. Subsea fiber-optic communication cables carry over 95% of international data and voice traffic across the globe. These cables transmit hundreds of terabits of data per second…
Dara Khosrowshahi, CEO, Uber Technologies speaks during the third day of the FII PRIORITY Summit held at the Faena Hotel on February 21, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Uber beat Wall Street’s third-quarter revenue expectations on Tuesday. Shares fell 4%. Earnings per share: $3.11. It was not immediately clear if that…
CFOTO | Future Publishing | Getty Images The “everything store” might have secured its biggest customer yet. On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure. On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree…
TOPSHOT – A Super Mario character is pictured at a Nintendo display ahead of the launch of the company’s Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images Nintendo raised its forecast for sales of the Switch 2 console…
