That route between Beijing South Railway Station and the suburb of Yizhuang is set to open a public-facing robotaxi service in the next week or two, Ning Zhang, vice president at Pony.ai and head of its Beijing research and development center, told CNBC in an exclusive interview Thursday. He cited pending government permits. By the …
Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company’s fiscal 2025 first quarter fell 6.5% year over year to $8.85 billion in the three months ended May 4, missing the $8.96 …
The company’s Block 1 BlueBird satellites undergoing thermal vacuum testing in preparation for launch. AST SpaceMobile The company’s chairman and CEO, Abel Avellan, touted AST’s agreements with Verizon and AT&T as “essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity.” Verizon’s deal effectively includes a $100 million raise for AST, …
Just_super | E+ | Getty Images “AI is not a place where money makes more money,” Calkins told CNBC in an interview at its London bureau on Tuesday. Calkins was referring to the high-profile deals companies like Microsoft and Amazon are agreeing with ambitious and fast-growing foundational AI model makers, like OpenAI and Anthropic. Microsoft …
The program includes four different offerings: NOW Internet, where customers choose between 100 megabits per second, or Mbps, for $30 per month, or 200 Mbps for $45 per month, both including unlimited data. NOW Mobile, with unlimited data for talking and texting at $25 per line. NOW TV, which offers Xfinity internet customers on-demand and …
New users who are looking to work out with the company’s app now only have access to two tiers that cost $12.99 a month or $24 a month, with the option of a seven-day free trial. Last May, Peloton debuted a splashy rebrand that billed the business as a fitness company for all, and put …
Under Jassy, Amazon has morphed into a leaner version of itself, as slowing sales and a challenging economy pushed the company to eschew the relentless growth of the Bezos years. Beginning at the end of 2022 and continuing through 2023, Amazon initiated the largest layoffs in its history, cutting more than 27,000 jobs. Those cuts …
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed …
Tim Berners-Lee is credited with inventing the World Wide Web in 1989. But he has been dissatisfied with the way his original vision for the web has panned out. Rita Franca | Nurphoto | Getty Images Berners-Lee is credited with inventing the world-changing technology in 1989 while working at CERN, the Swiss particle physics research …
Customers are experiencing the newly launched iPhone 15 at Apple’s flagship store in Shanghai, China, on September 24, 2023. CostFoto | Nurphoto | Getty Images Major Chinese third-party retailers JD.com, TMall and Pinduoduo are battling for customers by offering more steep discounts on Apple’s iPhone 15 just five months after launch, as the U.S. tech company suffers …