CNN, TWITTER, CHATGPT By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according
Continue ReadingBy Scottie Andrew, CNN James Bond fans may be waiting on the next actor who will play the British spy onscreen, but a beloved Bond adventure of yore is making its return. “GoldenEye 007,” a classic first-person shooter made for Nintendo 64 in 1997, is being revived for Nintendo Switch and Xbox more than 25
Continue ReadingBy Catherine Thorbecke, CNN Microsoft on Tuesday posted weaker-than-expected revenue and a double-digit percentage drop in profit for the final three months of last year amid broader economic uncertainty and reduced demand for personal computers and software. The tech giant reported revenue of $52.7 billion for the quarter, a modest 2% increase from the year
Continue ReadingBy Samantha Murphy Kelly, CNN Business Lawmakers grilled a top executive of Ticketmaster’s parent company, Live Nation Entertainment, on Tuesday after the service’s inability to process orders for Taylor Swift’s upcoming tour left millions of people unable to buy tickets late last year. During the three-hour hearing, senators pressed Live Nation president and CFO Joe
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business Lawmakers grilled a top executive of Ticketmaster’s parent company, Live Nation Entertainment, on Tuesday after the service’s inability to process orders for Taylor Swift’s upcoming tour left millions of people unable to buy tickets late last year. During the three-hour hearing, senators pressed Live Nation president and CFO
Continue ReadingBy Brian Fung, CNN The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in the online advertising market and calling for it to be broken up. The move marks the Biden administration’s first blockbuster antitrust case against a Big Tech company. The eight states joining
Continue ReadingBy Michelle Toh and CNN’s Beijing bureau Millions of players in China have lost access to the iconic “World of Warcraft” franchise and other popular video games, as Blizzard Entertainment’s servers in the country went offline after two decades. The company’s services in China were suspended at midnight local time on Tuesday, marking the end
Continue ReadingBy Lauren Kent and Amy Cassidy, CNN The Crown Estate, a British commercial property portfolio historically belonging to the monarch, began court proceedings against Twitter over the tech giant’s alleged non-payment of rent in its London offices, a spokesperson of the property business told CNN on Monday. The Crown Estate is run by an independent
Continue ReadingBy Samantha Murphy Kelly, CNN Business Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT. Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a greater effort to add
Continue ReadingBy Hanna Ziady, CNN Spotify said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon and Microsoft in slashing headcount as the global economy slows. In a letter to employees posted on the company’s website, CEO Daniel Ek took full responsibility for the job cuts, which he
Continue ReadingBy Diksha Madhok, CNN Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an eerily convincing and conversational way. In a LinkedIn post last week, the 60-year-old India tycoon said that the release of ChatGPT was a “transformational moment in the democratization of
Continue ReadingBy Clare Duffy, CNN In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a staggering shift toward online services, benefiting his company in the process. “What we have witnessed over the past year is the dawn of a second wave of digital transformation
Continue ReadingBy Catherine Thorbecke, CNN Elizabeth Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico departing in January 2022, shortly after the Theranos founder was convicted of fraud, prosecutors alleged in a new court filing Friday. Holmes was convicted last January of defrauding investors while running the failed blood testing
Continue ReadingBy Brian Fung, CNN The Federal Trade Commission on Friday called for a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make a $64.6 million payment he owed for his prior wrongdoings. The FTC’s contempt motion follows what
Continue ReadingBy Jackie Wattles, CNN In the fervor-filled days leading up to the November 16 launch of the long-awaited Artemis I mission, an uncrewed trip around the moon, some industry insiders admitted to having conflicting emotions about the event. On one hand, there was the thrill of watching NASA take its first steps toward eventually getting
Continue ReadingBy David Goldman, CNN T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. In a regulatory filing Thursday, the company said the hacker stole customer data that included names, billing addresses, emails, phone numbers, dates of birth, T-Mobile account numbers and information describing the kind of
Continue ReadingBy Clare Duffy, CNN Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s
Continue ReadingBy Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a key part of the short-form video app’s audience and business, it was Chief Operating Officer Vanessa Pappas who got on stage for the industry keynote event. Months later, when
Continue ReadingCNN, CNN BUSINESS By Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a key part of the short-form video app’s audience and business, it was Chief Operating Officer Vanessa Pappas who got on stage for the industry keynote event.
Continue ReadingBy Brian Fung, CNN A wide range of businesses, internet users, academics and even human rights experts defended Big Tech’s liability shield Thursday in a pivotal Supreme Court case about YouTube algorithms, with some arguing that excluding AI-driven recommendation engines from federal legal protections would cause sweeping changes to the open internet. The diverse group
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