Netflix added 9.3 million subscribers in the first quarter of 2024, it announced on Thursday, outperforming analysts’ expectations and solidifying its status as the entertainment industry’s dominant streaming company. It also generated $2.3 billion in net income and its revenue was $9.3 billion, 15 percent higher compared with the same time last year. Netflix now … Read more
On a call with investors last spring, Mark Zuckerberg, the chief executive of Meta, said he believed that he had an opportunity to introduce artificially intelligent assistants “to billions of people in ways that will be useful and meaningful.” A year later, he is making good on his statement. On Thursday, Meta will begin incorporating … Read more
The Biden administration will give Micron up to $6.1 billion in grants to help build its semiconductor plants in New York and Idaho, the latest multibillion dollar award aimed at ramping up the nation’s production of vital semiconductors. Senator Chuck Schumer, Democrat of New York and the majority leader, announced the grant on Thursday and … Read more
When he flew to Nigeria for a business trip in late February, Tigran Gambaryan, a top compliance officer at the cryptocurrency exchange Binance, packed a small suitcase with just enough clothes for two days. A former U.S. law enforcement agent, Mr. Gambaryan knew the trip was risky. Only a few weeks earlier, he and a … Read more
Cryptocurrency enthusiasts have eagerly anticipated the third week of April, counting down the days until a potentially crucial moment in Bitcoin’s development called “the halving.” Essentially, the halving is a scheduled reduction in the number of new Bitcoin that go into circulation. As the supply falls, some analysts anticipate that the digital currency’s price will … Read more
In 2009, long before Jeff Yass became a Republican megadonor, his firm, Susquehanna International Group, invested in a Chinese real estate start-up that boasted a sophisticated search algorithm. The company, 99Fang, promised to help buyers find their perfect homes. Behind the scenes, employees of a Chinese subsidiary of Mr. Yass’s firm were so deeply involved, … Read more
After former President Donald J. Trump was kicked off Twitter in 2021, conservative entrepreneurs rushed to promote social media alternatives tailored to him and his supporters. There were Parler and Gab, Twitter-like sites popular among the people who stormed the U.S. Capitol on Jan. 6. Then came Gettr, a social media app created by one … Read more
Google on Wednesday fired 28 workers after dozens of employees participated in sit-ins at the company’s New York and Sunnyvale, Calif., offices to protest the company’s cloud computing contract with the Israeli government. A day earlier, nine employees were arrested on charges of trespassing at the two offices. “Physically impeding other employees’ work and preventing … Read more
The House on Wednesday made another push to force through legislation that would require the sale of TikTok by its Chinese owner or ban the app in the United States, accelerating an effort to disrupt the popular social media app. The measure, a modified version of a stand-alone bill that the House passed last month, … Read more
Atlas, the humanoid robot that dazzled followers for more than a decade with its outdoor running, awkward dancing and acrobatic back flips, has powered down. In other words, it is retiring. On Wednesday, Boston Dynamics, the company that created it, announced the arrival of the next generation of humanoid robots — a fully electric robot … Read more
