After five and half years leading Waymo, John Krafcik announced Friday he is stepping down from his role, leaving the company to two co-CEOs Tekedra Mawakana and Dmitri Dolgov. Krafcik has overseen the company’s biggest milestones, its rebranding to Waymo, partnerships and raised outside funding all while leading enthusiasm through the ranks. But Krafcik’s departure
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Amazon drivers begin their delivery routes as workers at an Amazon warehouse in Staten Island, New York prepare to walk off their jobs demanding stepped-up protection and pay after several workers at the facility were diagnosed with COVID-19. Paul Hennessy | Barcroft Media | Getty Images Amazon issued an apology on Friday to Rep. Mark
In this article GOOGL After five and half years guiding Waymo, Alphabet’s subsidiary developing autonomous-drive technology, John Krafcik has decided it’s time for someone else to run the company. Actually, it will be a pair of Waymo’s top executives, Tekedra Mawakana and Dmitri Dolgov, who will become co-CEOs of the company. In a blog post
In this article TSLA Tesla Model 3 Source: Tesla Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. Estimates ranged from
A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Interest in China’s digital yuan project could in part be driven by the surging price of bitcoin, China’s central bank said Thursday, even as the cryptocurrency is effectively banned
Apple’s new California Flats solar farm Courtesy of Apple Apple will use Tesla‘s Megapack at its new battery-based renewable energy storage facility, the smartphone-maker confirmed to CNBC on Thursday. Apple announced Wednesday it’s building a battery-based solar energy storage facility in California. The company said the facility will be capable of storing 240 megawatt-hours of energy,
In this article GOOGL FB TWTR Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google, one of the first major U.S. companies to send employees home last year because of the coronavirus, is setting new remote work guidelines
In this article AMZN MSFT Soldiers wearing the IVAS system, a modified version of the HoloLens 2. US Army The Pentagon announced that Microsoft has won a contract to build more than 120,000 custom HoloLens augmented-reality headsets for the U.S. Army. The contract could be worth up to $21.88 billion over 10 years, a Microsoft
In this article SPOT TWTR FB MSFT People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images Spotify is moving into live audio. The company said Tuesday it
In this article AAPL INTC Apple WWDC 2021 Apple Apple announced on Tuesday that its annual developers conference will be held on June 7. Like last year, it’ll be online-only due to the ongoing Covid-19 pandemic. The event runs through June 11 and is free for developers to attend. WWDC, as the event is known,
In this article 1810-HK 175-HK ZE594-CN NIO XPEV 9888-HK Xiaomi’s headquarters in the Xuhui District of Shanghai. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Chinese smartphone giant Xiaomi has announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years. The company will set up a
In this article TSLA Christopher Lee and his 2021 Tesla Model Y Christopher T. Lee Last week, after paying for brand new Tesla electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the company had charged them twice, taking tens of thousands of dollars
In this article LSEG-GB AMZN Mike Kemp | In Pictures | Getty Images LONDON – Food delivery start-up Deliveroo has cut the price of its shares ahead of its initial public offering on the London Stock Exchange. The Amazon-backed company announced Monday that it will now sell shares for £3.90 ($5.40) to £4.10 each instead
In this article GOOGL INTU When Laela Sturdy visited Stanford for the first time, it wasn’t to study at the famed university’s business school. It was to beat Stanford at its own game — literally. As the no. 16 seed in the annual NCAA tournament in 1998, the thought of Sturdy’s Harvard team scoring a
In this article GOOGL NFLX FB SNAP SQ TWTR Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC After setting ambitious user growth and revenue goals
In this article SQ ZM MSFT WORK Phil Libin, CEO of All Turtles and Mmhmm CNBC In December, internet entrepreneur Phil Libin loaded up his car and, along with his girlfriend, drove almost 2,000 miles from his home in San Francisco to Bentonville, Arkansas. They’ve since moved a few miles east to the neighboring town
In this article VIACA DISCA Shares of ViacomCBS and Discovery continued their dramatic plunge Friday, down 30% and 31%, respectively. That’s led to ViacomCBS shedding more than 53% for the week, while Discovery has dipped about 49%. ViacomCBS shares began to fall earlier this week after the company announced it would raise $3 billion from
In this article AMZN An Amazon worker inside a warehouse during coronavirus pandemic Amazon has received authorization from the Food and Drug Administration for a Covid-19 test that it hopes to use to bolster its employee screening program. The test is being developed by Amazon subsidiary STS Lab Holdco, according to an FDA filing. The
“One of the biggest questions in the climate change debate: Are humans any smarter than frogs in a pot? If you put a frog in a pot and slowly turn up the heat, it won’t jump out. Instead, it will enjoy the nice warm bath until it is cooked to death. We humans seem to
In this article 700-HK BIDU 9999-HK JD 9988-HK Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. VCG | Getty Images China’s dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease — have collectively lost billions in market
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