News

How Amazon’s cloud unit is helping researchers analyze genetics

2022-12-29
KEY POINTSAs health care becomes more digitized, scientists, doctors and researchers have to try and decipher unprecedented amounts of data to adequately personalize care.Amazon Web Services has la...

Amazon’s cloud unit faces cost-sensitive customers as economic fears mount

2022-12-05
PUBLISHED SAT, DEC 3 202210:00 AM ESTUPDATED SUN,KEY POINTSWith interest rates rising and corporate earnings taking a hit, some companies are looking for ways to cut back on their cloud spending.Am...

Facebook parent company Meta is now the worst performer in the S&P 500 this year

2022-11-04
Meta is at the bottom of the S&P, trailing Align Technology, Generac Holdings, SVB Financial Group and Match Group.Meta shares are down roughly 73% over the past year.Investors appear concerned abo...

Amazon pauses hiring for corporate workforce

2022-11-04
Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday. The company had already halted new hires for corporate retail jobs. CEO Andy Jassy ...

Elon Musk will begin laying off Twitter staffers, days after his $44 billion takeover

2022-11-04
Twitter will be laying off staff members, it said in an email obtained by NBC News.

Top Amazon seller Packable begins liquidating and announces job cuts after failed SPAC attempt

2022-08-24
KEY POINTSPackable, the parent company of top-ranking Amazon seller Pharmapacks, is laying off employees and ceasing operations, according to documents viewed by CNBC.The health and beauty product ...

‘You need to be global and local at the same time’: TikTok CEO Shou Zi Chew on creating a successful

2022-06-09
Under a new leadership team helmed by Chew, ByteDance-owned TikTok is no longer just a popular entertainment app but a revenue-generating business.Since its launch in 2016, TikTok has had frequent ...

‘Companies create communities, communities create economies’: Sunwah Innovations CEO Jesse Choi

2022-06-02
As the flagship branch of a network of innovation centers, Sunwah Innovation Center Ho Chi Minh City aims to help Vietnamese startups scale up globally.

Renault reveals electric-hydrogen hybrid concept car, says it will have range of up to 497 miles

2022-05-21
Renault has released details of an electric-hydrogen hybrid concept car, with the French automaker describing hydrogen technology as being “one of the options to make electric vehicles more conveni...

‘In the past ten years, my computer and BlackBerry have never left my side’: ByteDance’s new CFO Jul

2022-05-19
Through sheer dedication and hard work, the former corporate attorney has built a reputation as a top dealmaker for Chinese companies planning to go public.On April 25, in a 600-word memo circulate...

China tries to make nice with Big Tech as economic challenges mount

2022-05-19
China is trying once again to lift the spirits of its huge tech industry after a bruising regulatory offensive that has weakened some of its biggest businesses at a time of stalling economic growth.

Google announces new smartphones, a watch and tablet at its I/O developer conference

2022-05-18
Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple.