Emerging Tech

The world’s most accurate clock will lose just one second every 14 billion years

NIST Whether it’s timing runners in a race, cooking dinner, or trying to get to the airport on time, the standard minutes, seconds, and milliseconds found on most digital clocks are more than enough to keep folks on schedule. But it’s possible for clocks to get a whole lot more accurate — and a clock […]

Gaming

How crypto mining collapse caused Nvidia to lose $23 billion in market value

Nvidia didn’t have a great week. It reported earnings that fell short of Wall Street’s expectations on Thursday, and by Friday the company’s stock price had fallen 18 percent, shaving $ 23 billion in market value and leaving the company with a $ 99 billion valuation. The reason? Crypto miners stopped buying graphics cards, resulting […]

Gears & Gadgets

While iPhone sales remain stagnant, Apple services hit $10 billion in revenue

Enlarge / One of several styled Apple logos associated with the October 30 event. Apple Apple announced on its earnings call today that it had surpassed its revenue estimates for Q4 2018. The iPhone maker boasted $ 62.9 billion in revenue, slightly more than the $ 60-62 billion it previously estimated, as well as $ […]

Top Stories

IBM is reportedly nearing a deal to acquire Red Hat, the software company valued at $20 billion

Joe Scarnici/Stringer IBM is in talks to acquire Red Hat, the open source enterprise software company, according to Bloomberg. It’s unclear how much the deal is worth, though a source tells Business Insider that it’s in the tens of billions of dollars. Red Hat, which is publicly traded, has a market cap of $ 20.5 […]

Gears & Gadgets

Microsoft posts a record $29.1 billion Q1. Same old, same old

Julien GONG Min / Flickr Microsoft has posted the results of the first quarter of its 2019 financial year, which runs up until September 30, 2018. Revenue was $ 29.1 billion, up 19 percent year on year, to set a new record for the company’s first quarter. Operating income rose 29 percent to $ 10.0 […]

Gears & Gadgets

After $5 billion EU antitrust fine, Google will start charging for Android apps

Aurich Lawson Google is adjusting to life in the EU after the $ 5.05 billion (€4.34 billion) antitrust fine levied against it by the European Commission earlier this year. Google is still appealing the initial ruling, which found that Google used Android to illegally dominate the search market, but for now Google will comply with […]

Emerging Tech

MIT is building a new $1 billion college dedicated to all things A.I.

You would expect one of the United States’ premier tech universities to be on the very forefront of artificial intelligence (A.I.) research — and that’s exactly what the Massachusetts Institute of Technology (MIT) has demonstrated with a massive $ 1 billion planned investment. The impressive cash lump sum will go toward creating a new college […]

Top Stories

Google is appealing its $5 billion EU antitrust fine over Android

GettyGoogle CEO Sundar Pichai. Google has submitted an appeal to the EU refuting the €4.3 billion ($ 5 billion) fine it received for abusing the dominance of its Android operating system. Google is following through on its promise to appeal when the fine was imposed in July. It is already appealing a separate antitrust fine […]

Computer

Intel Tackles Chip Shortage With $1 Billion Investment

Intel is trying to head off a PC chip shortage by investing $ 1 billion in its manufacturing sites. On Friday, Intel’s interim CEO Bob Swan said that “supply is undoubtedly tight” for the company’s processors, amid a return to growth in the PC market. Intel has been prioritizing production of its Xeon and Core […]

Gears & Gadgets

Windows 10 passes 700 million devices, 1 billion still far off

Everywhere Windows 10 can be. And on the server, too, though there it gets a different branding. Microsoft Windows 10 is now on 700 million devices, according to executives speaking at the Ignite conference this week, reports Neowin. Windows 10 has been the fastest-growing version of Windows, hitting 700 million in about three years on […]

Gaming

SiriusXM to pay $3.5 billion for Pandora

Enlarge Bill McChesney Pandora has agreed to be acquired by satellite company SiriusXM for $ 3.5 billion. The deal will expand SiriusXM’s reach. The satellite company has 36 million subscribers, while Pandora has more than 70 million monthly active users. The companies say users shouldn’t expect any immediate changes, and Pandora will continue to operate […]

Top Stories

Tesla short sellers raked in $1 billion, hours after Elon Musk revealed his struggles in an eye-opening interview

ASSOCIATED PRESSElon Musk. Tesla short sellers received a sizable payday, hours after The New York Times published an eye-opening interview with an emotional Elon Musk, the electric-car company’s chief executive. Investors betting against Tesla raked in about $ 1 billion on Friday. The Times’ interview with Musk came out late Thursday night. In it, Musk […]

Top Stories

Uber could rake in more than $10 billion in revenue this year, but its growth is starting to slow down

GettyUber CEO Dara Khosrowshahi. Uber gave CNBC its second-quarter fianancials. Uber’s Q2 net revenue was $ 2.7 billion, up 51% from the same quarter last year, and gross bookings were $ 12 billion, up 41% year-over-year. That represents a slight slowdown in growth from Q1. Uber is cruising toward $ 10 billion in revenue this […]

Top Stories

E.U. Fines Google $5.1 Billion in Android Antitrust Case

E.U. Fines Google $ 5.1 Billion in Android Antitrust Case ImageAn antitrust fine against Google underlines how European authorities are aggressively pushing for stronger regulation of the digital economy on a variety of issues.CreditBenjamin Quinton for The New York Times By Adam Satariano July 18, 2018 BRUSSELS — European authorities increased their efforts to rein […]

Top Stories

The App Store has made Apple at least $40 billion in revenue since it was created 10 years ago today

When Steve Jobs unveiled the developer kit that would make way for the App Store we know today, he had no idea how big it would one day be. “We’re excited about creating a vibrant third-party developer community with potentially thousands of native applications for iPhone and iPod touch,” Jobs said back in 2008. A […]