In an op-ed in the Financial Times on Monday, legendary venture investor Mike Moritz took aim at the tech investors who have thrown their support behind Trump.
Category: Technology
Ex-Google engineers who founded Character.AI rejoin company with new AI partnership
One of the founders previously criticized the tech giant for moving too cautiously to release artificial intelligence products.
Tech stocks see steepest three-week slump in two years, led by plunge in Amazon and Intel
With quarterly earnings largely in the rearview mirror, Wall Street is troubled by what it’s seeing out of Silicon Valley.
Amazon’s advertising business grew 20% in the second quarter
Amazon’s online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts’ estimates.
Block reports better-than-expected earnings for second quarter
Block, formerly known as Square, reported better-than-expected earnings for the quarter even as revenue missed estimates.
DoorDash shares pop 13% on second-quarter revenue beat
DoorDash reported second-quarter results Thursday that beat analysts’ expectations for revenue.
Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Amazon CFO Brian Olsavsky told reporters after the company’s earnings report that “we do see different traffic patterns during those events.”
Apple is spending more on AI, but remains far behind its Silicon Valley peers
Investors are focused on how much mega-cap tech companies are spending on their AI buildouts. Apple is in a category of its own.
Microsoft says OpenAI is now a competitor in AI and search
What once was a strategic, long-term partnership between the world’s biggest software company and an AI startup has morphed into something more complicated.
Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage
Delta has hired prominent attorney David Boies to pursue potential damages from CrowdStrike and Microsoft after a mass outage earlier this month.