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Alphabet ‘Other Bets’ capex shows Ruth Porat discipline

Adam Jeffery | CNBC Ruth Porat, CFO of Alphabet, at the New York Economic Club on May 22, 2017. Google Fiber was one of the company’s most ambitious projects. Under the original vision, the company was going to run fiber optic cable directly to consumers’ homes, giving them super-fast Internet. …

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Intel earnings Q3 2017

Justin Sullivan | Getty Images Intel employees walk by a sign as they enter their office in Santa Clara, California. Intel reported quarterly earnings and revenue that easily topped analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: $1.01 vs. 80 cents …

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Twitter removes all advertising Russia Today and Sputnik

Francois Durand | Getty Images Jack Dorsey attends the ‘#SheInspiresMe: Twitter celebrates female voices & visionaries’ event in Cannes, France. Twitter said on Thursday that it’s immediately removing all off-board advertising from two of Russia’s largest media outlets, Russia Today and Sputnik. In late September, Twitter said that three accounts …

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Bitcoin potential ‘very underestimated’, billionaire Peter Thiel says

CNBC Peter Thiel, American entrepreneur, venture capitalist, and hedge fund manager. People are “underestimating” bitcoin and it has “great potential left,” billionaire investor Peter Thiel said on Thursday. Speaking at the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel compared the cryptocurrency bitcoin to gold. “I’m skeptical of most of …

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Microsoft’s mixed reality studios create holograms

Satish Bate | Hindustan Times | Getty Images Microsoft CEO Satya Nadella delivers his keynotes at the company’s flagship technology and business conference — Future Decoded 2017 in Mumbai, India. Microsoft is opening its first Mixed Reality capture studios in San Francisco and London, allowing developers and creators to create …

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Goldman predicts Amazon guidance may miss Wall Street expectations

Drew Angerer | Getty Images Jeff Bezos, Chairman and founder of Amazon Amazon will most likely disappoint Wall Street with its fourth-quarter forecast, analysts at Goldman Sachs said. “Investor focus remains on operating income with the view that guidance is likely to fall below sell-side consensus of $1.5bn,” Heath Terry, …

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Hong Kong, Singapore sign fintech deal, will collaborate on blockchain

Roslan Rahman | AFP | Getty Images This photograph taken on March 4, 2016 shows the skyline of the Singapore financial business district at night. Hong Kong and Singapore have agreed to cooperate on a cross-border trade project based on blockchain technology as part of a broader joint strategy on …

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Tesla starts work on first Puerto Rico energy project to help rebuild island

Getty Images SpaceX CEO Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars. Tesla has begun making good on …

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GM will test fully autonomous cars ‘in quarters not years’: CEO Barra

Jeff Kowalsky | Bloomberg | Getty Images Mary Barra, chief executive officer of General Motors Co., speaks during an event at the company’s Orion Assembly Plant in Orion Township, Michigan. General Motors will begin testing driverless cars in a matter of “quarters not years,” CEO Mary Barra said Tuesday. GM’s …

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Jyoti Bansal, AppDynamics founder, launches Harness.io with Apple vet

David Paul Morris | Bloomberg | Getty Images Jyoti Bansal, founder of AppDynamics Inc. For the past few months, Jyoti Bansal, founder and former CEO of AppDynamics — which Cisco bought for $3.7 billion earlier this year — has been busy working on a new start-up, as CNBC reported last …

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