Qualcomm CEO Cristiano Amon spoke on Yahoo Finance Live on Tuesday. He said that the metaverse is genuine and will be an open door for future technology. Amon said that Qualcomm is working with Meta and Microsoft to provide hardware and programming programs. He also spoke on the company's position in the automobile business, as well as in organizations and rivals.
Bitcoin continued to drop this weekend after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%.
The world’s largest digital currency by market value declined to $34,661.02 on Sunday, according to Coin Metrics.
The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq fell 5%, losses that marked the worst single-day drops since 2020.
Judge James Donato threw out Donald Trump's lawsuit against Twitter. The former President filed the suit in October, arguing that the social network's ban violated his First Amendment rights. Twitter suspended Trump's account after his supporters stormed the Capitol in January 2021. The social network cited two of his tweets in particular that it believes were "highly likely to encourage and inspire people to replicate the criminal acts"
SolarWinds predicts it will see $1 billion in annual recurring revenue by 2025. The Austin, Texas-based company's first quarter revenue rose 2 percent over the same period last year. Subscription revenue year-over-year growth was 37 percent, CEO says. The company is building a pipeline for subscriptions.
Apple's director of machine learning has left the company over its return to work policy. Ian Goodfellow joined Apple in 2019 after six years at Google. Apple is requiring employees to work in person three days a week starting on May 23. This is the start of a phased-in approach to the company's in-person work plan. Apple employees started working from home on April 11 after a two-year absence.
BMW is temporarily shipping some new vehicles without support for Apple CarPlay and Android Auto. The company changed chip suppliers and the new chips aren't compatible with the two features yet. BMW says an OTA update will be available by the end of June at the latest. This isn't the first time BMW has had to make sacrifices due to chip shortages.
SpaceX's president and COO predicts that humans will reach Mars before the end of the 2020s.
In an interview with CNBC, Gwynne Shotwell also said she thought people will be on the moon "sooner."
Her comments echo similar predictions made by SpaceX CEO Elon Musk in December.
The French Parliament recently approved a new law requiring all new commercial buildings to partially have their roofs covered with plants or solar panels. The new requirement will apply to all new buildings in commercial zones. Initially, the proposal posed by French environmental activists was for the roofs to be completely covered by greenery.
The new law adds costs for both building owners and developers, so the government decided to ease up a bit on the cost by allowing for the roofs to be partially covered instead of fully covered.
Glencore is pumping $200 million into battery recycler Li-Cycle as part of a larger, symbiotic supply deal inked by the two firms. The Swiss materials giant will ship burnt-out batteries and scraps to Li- Cycle, which will recover the high-demand metals so they can be reused in electric vehicle batteries and other applications.
Iconic fashion brand Gucci will begin accepting cryptocurrency in some of its U.S. locations later this month, with plans to roll out the program to other North American stores this summer. According to Vogue Business, in-store payments will be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. The stores will accept various digital currencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu.