CNBC Tech - Gaming

Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
  1. Baidu's Apollo Go robotaxis stopped mid-traffic in a Chinese city on Tuesday, leading to at least one highway collision, according to social media.
  2. Shares of Chinese AI company Zhipu surged over 30% in trading, after posting strong revenue growth in its first earnings report since its IPO.
  3. CoinShares is merging with Vine Hill Capital to form the holding company CoinShares PLC in a deal valuing the business at about $1.2 billion.
  4. Claude Code has seen massive adoption over the last year, and its run-rate revenue had swelled to more than $2.5 billion as of February.
  5. Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding. 
  6. With Microsoft losing almost a quarter of its value this year, investors have reset the company's earnings multiple to the lowest since late 2022.
  7. The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
  8. The Teamsters alleged Amazon illegally docked employees' unpaid time off after they walked off the job, calling the practice "unlawfully coercive."
  9. Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.
  10. Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.