Startup bubble fueled by Fed cheap money policy finally burst in 2023

Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, … Read more

MicroStrategy’s bitcoin bet produces 300% gain for investors in 2023

MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images MicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business … Read more

Here are 3 stocks other than Nvidia getting AI premium from investors

Lisa Su, president and CEO of AMD, during an interview with Mad Money, broadcasting from CNBC’s San Francisco bureau on November 21, 2019. Jacob Jimenez | CNBC The big winner for investors this year in the generative AI boom was Nvidia. The company’s stock price rocketed 234% as demand soared for the chipmaker’s processors that … Read more

VR market shrinking as Meta pours billions of dollars into metaverse

An attendee wears a Meta Platforms Inc. Oculus Quest 2 virtual reality (VR) headset at the Telefonica SA stand on day two of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Tuesday, Feb. 28, 2023. Angel Garcia | Bloomberg | Getty Images Meta is spending billions of dollars a … Read more

Alphabet to limit election queries Bard and AI-based search can answer

Omar Marques | Sopa Images | Getty Images Alphabet‘s Google said on Tuesday it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run up to 2024 U.S. Presidential election. The restrictions are set to be enforced by early 2024, the company said. Aside from the U.S., a slew of groundbreaking elections are expected in 2024, including … Read more

Google, Meta, other tech giants cut DEI programs in 2023

AnitaB.org CEO Brenda Wilkerson speaks on a panel with Dr. Jackie Bouvier Copeland at the 2019 Grace Hopper conference. Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up new programs aimed at supporting Black employees. The goal, CEO Sundar Pichai … Read more

Meta’s stock wrapping up record year, spurred by cost cuts

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Last year at this time, Meta was navigating a crisis of confidence that had pushed its stock price to its lowest since 2016. Sales were … Read more

Zuckerberg says Threads will dip its toe in the ‘fediverse’ as it opens to Europe

Meta will begin testing a system that allows posts from its microblogging platform Threads to appear on other social media services, CEO Mark Zuckerberg said Wednesday. The announcement, which had been eagerly anticipated by some technologists, is a significant step for both Meta and what is often called the fediverse, a loose collection of social networks that … Read more

Musk’s X hit with complaint alleging it broke Europe’s privacy laws

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.  Slaven Vlasic | Getty Images Elon Musk’s X has been hit with a complaint from privacy activist Max Schrems, which alleges the platform broke the European Union’s hard-hitting privacy rules. … Read more

Cruise autonomous vehicle venture in danger of becoming latest GM flop

DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more