Breaking News: Technology

Bret Taylor will be co-CEO alongside Marc Benioff, who built Salesforce into one of the world’s largest enterprise software companies. Taylor was quickly promoted at Salesforce after the company acquired his productivity software start-up Quip in 2019. Taylor has been a prominent voice on earnings calls and played a key role in Salesforce’s Slack acquisition.
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Salesforce reported fiscal third-quarter earnings on Tuesday. Salesforce named Bret Taylor to be co-CEO alongside current CEO Mark Benioff. Salesforce said earnings per share for the December quarter would be between 72 and 73 cents, lower than Refinitiv analyst expectations of 81 cents. Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct.
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Microsoft shareholders voted for the proposal, backed by Arjuna Capital, at the company’s annual general meeting. The move comes after a board-level investigation into co-founder Bill Gates’ activities almost two decades earlier. Microsoft shareholders on Tuesday approved a proposal asking the board to publish a report on the effectiveness of its workplace sexual harassment policies
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Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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Defense attorneys wrapped up their questioning of Theranos founder Elizabeth Holmes on Monday, her fourth day on the stand. Holmes gave emotional testimony, accusing Theranos ex-president Ramesh “Sunny” Balwani of physical and psychological abuse. Prosecutors now get their opportunity to cross-examine Holmes, who is facing 11 counts of wire fraud and conspiracy to commit wire
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Parag Agrawal, Twitter’s incoming CEO, is an engineer who worked his way up over the past decade to become the company’s technology chief. Agrawal has been Jack Dorsey’s closest partner in thinking about the future of the Twitter platform and decentralizing social media, a former company executive told CNBC. “He’s been my choice for some
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Tesla will spend at least $1.06 billion on a new vehicle factory in Austin, Texas, according to public filings. Construction on facilities intended for body work, stamping, casting, painting, and full vehicle assembly are scheduled to be completed by Dec. 31. The permits show that Tesla’s previously announced expansion on the edge of the Colorado
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Rocket Lab CEO Peter Beck has dramatically changed his tune on reusing rockets, a practice made increasingly popular by Elon Musk’s SpaceX. “I think anybody who’s not developing a reusable launch vehicle at this point in time is developing a dead-end product because it’s just so obvious that this is a fundamental approach that has
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Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning. “We’re smashing into an asteroid,” NASA’s Launch Services Program senior launch director Omar Baez said. The mission is known as the Double Asteroid Redirection Test (or DART). NASA is trying to learn how to
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Zoom exceeded analysts’ estimates for the quarter and issued better-than-expected guidance. The company called off its planned $14.7 billion Five9 acquisition during the quarter. Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did: Earnings:
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The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, including the departure of two vice presidents. SpaceX vice president of propulsion Will Heltsley has left, multiple people familiar with the situation told CNBC, having been with the company since 2009. Lee Rosen, SpaceX vice president of mission and launch operations, left
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Space company Firefly is preparing for the second orbital launch attempt of its Alpha rocket, as the venture looks to build out the foundation of its business. “Firefly is aiming to be the next SpaceX, a very transformative space transportation company,” Firefly CEO Tom Markusic told CNBC. The company recently gave CNBC an inside look
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Start-up Avegant has built an LED light engine that could enable device manufacturers to build small, stylish augmented reality smart glasses. I demoed Avegant’s light engine in October and was blown away by the crystal clarity of the AR visuals created by the component. I recently tried a pair of prototype smart glasses from Avegant
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Theranos founder Elizabeth Holmes was called to the stand in her criminal trial on Friday. After 11 weeks of witnesses called by the prosecution, the defense began to make its case Friday morning. The defense hadn’t indicated whether Holmes would testify. SAN JOSE, CALIF — A smiling Elizabeth Holmes took the stand on Friday to
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Canadian satellite communications company Telesat went public Friday on the Nasdaq, bringing another space pure-play stock to the market. The listing came following an exchange with Telesat’s shareholders, with the company effectively taking the place of formally public Loral Space & Communications. Telesat’s core growth project is the low Earth orbit broadband satellite network it’s
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German laser communications company Mynaric recently listed on the Nasdaq, and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. initial public offering. Mynaric makes optical communication terminals, a device which uses a laser to send data from one point to another. Satellite companies are the firm’s target customer base.
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Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital. The company’s valuation jumped to $4.5 billion following the raise, with investors including General Atlantic, Coatue, and Moore Strategic Ventures, as well as the funds of private equity firms BlackRock and AE Industrial Partners. Sierra Space has two
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Jeff Bezos’ Blue Origin raised its offer to cover NASA costs of an astronaut lunar lander from $2 billion to “over $3 billion” as the company battled in federal court. The sweetened offer came as Bezos’ company fought NASA’s decision to solely award SpaceX with a $2.9 billion contract under the agency’s Human Landing System
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Around 30 million people use Grammarly each day. The start-up doesn’t see a direct competitor, although Microsoft offers some similar capabilities. Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200 million in new funding
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Even as prices for digital currencies have soared throughout 2021, Nvidia has not cashed in on making the digital “shovels” for miners. In March, Nvidia introduced versions of its chips specifically targeted at cryptocurrency pros called CMP. Nvidia said on Wednesday that CMP sales declined 60% sequentially to $105 million in the most recent quarter.
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Elon Musk on Wednesday said SpaceX is “hoping” to launch the first orbital flight test of its mammoth Starship rocket in January, depending on testing and regulatory approval. Starship is the massive, next-generation rocket SpaceX is developing to launch cargo and people on missions to the moon and Mars. The company’s next major step in testing Starship
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Cisco fell short of analysts’ estimates on revenue in the quarter. The company also issued guidance that missed analysts’ predictions. Higher component prices and other costs are pressuring the company’s gross margin. Cisco shares tumbled as much as 8% in extended trading on Wednesday after the computer networking company reported quarterly revenue that fell short
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Microsoft is shifting to an annual release cycle for Windows 10, which will be supported through 2025. The Windows 11 release process is moving more swiftly than the company had expected, and Microsoft is now making it available to more devices. Windows remains critical to Microsoft’s business, contributing about 13% of revenue. Microsoft made a
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