Andy Jassy, Amazon AWS Source: CNBC Andy Jassy has spent the past 15 years converting Amazon from an e-commerce giant into a highly profitable technology company, creating and then dominating the cloud infrastructure market. Now, he’s about to take center stage as CEO of the third-most valuable U.S. company after Apple and Microsoft. Amazon said
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Tesla Model S 75. Source: Tesla Motors Following pressure from U.S. regulators, Tesla recalled 134,951 Model S and Model X vehicles with touchscreen display issues that led to the loss of several safety-related features. The cars made at Tesla’s plant in Fremont, California, were Model S sedans made between 2012 and 2018 and Model X
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks UiPath and Databricks became two of the most valuable privately held tech companies in the U.S. on Monday, with massive new funding rounds that give them a combined valuation of more than $60
Jim Farley in 2017. Luke Macgregor | Bloomberg | Getty Images Ford andGoogle are entering a six-year deal that will make the tech giant responsible for much of the automaker’s growing in-vehicle connectivity. Google will also provide cloud computing and other technology services. The partnership announced Monday is designed to streamline Ford’s operations and accelerate
People tend to vegetables growing in a field as emission rises from cooling towers at a coal-fired power station in Tongling, Anhui province, China, on Wednesday, Jan. 16, 2019. Bloomberg Elon Musk is going to pay $100 million towards a prize to come up with the best carbon capture technology. (Or so he tweets. Details
A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images Every time someone accesses the internet through their smartphone, their wireless carrier transmits that data through the airwaves on frequencies that only it has the license to use. In the coming weeks, licenses to use some of of the
A pedestrian wearing a protective mask crosses California Street in San Francisco, California, U.S., on Tuesday, Dec. 29, 2020. David Paul Morris | Bloomberg | Getty Images In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus — Lauren Crabbe was hopeful. Crabbe, the owner
US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday. Eric Piermont | AFP | Getty Images Elon Musk’s electric car company notified customers on Friday that Tesla Service Centers now
Steve Huffman CEO, Reddit, delivers remarks on ‘Redesigning Reddit’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Reddit is having a moment. The online network of communities has been thrust into the spotlight this week after a group of
The retail investing boom this week has taken over Apple and Google‘s app stores. It’s hard to stress just how unusual this is. In normal times, app store rankings are dominated by social and entertainment apps: think YouTube, Facebook, Instagram, TikTok, Disney+ and so on. First, here’s a look at the app store rankings for
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX The U.S. Department of Justice is investigating Elon Musk’s SpaceX over whether the company discriminates against non-U.S. citizens in its hiring practices, according to court documents filed on Thursday. The DOJ’s division of Immigrant and Employee Rights received a complaint of employment discrimination
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket | Getty Images LONDON — U.S. amateur traders aren’t the only ones rushing to invest in stocks promoted on a popular Reddit board. A flurry of retail investors are flocking to historically-unloved stocks such as GameStop
Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. But Apple is still best known for the iPhone, which accounted for nearly 59% of the company’s revenue during the holiday quarter. The iPhone is booming,
Loanpal CEO Hayes Barnard Loanpal For his second act in solar power, entrepreneur Hayes Barnard is aiming to play a leading role in the booming solar market, but this time with less drama. Barnard is founder and CEO of Loanpal, a company that has quietly emerged as the leading U.S. lender for residential solar installations.
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla CEO Elon Musk seemed to rally behind GameStop‘s epic surge, tweeting out a link to the Reddit board that’s largely hyped the stock. Shares of GameStop were up more
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Tech companies with big digital ads businesses look poised to report exceptional fourth quarters on the back of a stay-at-home holiday shopping season and a continuing ad rebound from the beginning of the