Tech

Sundar Pichai, Alphabet CEODavid Paul Morris | Bloomberg | Getty ImagesGoogle is moving parts of its popular YouTube video service from the advertising company’s internal data center infrastructure to the company’s cloud service, the head of Google’s cloud said.The effort indicates Google is looking inward as it seeks to expand its share of the growing cloud-computing market and become less reliant on advertisements appearing on its web search engine and other properties.Historically, Google has leaned on its own systems to run its most widely used applications across computer servers in its data centers. The Google Cloud Platform offering has coexisted separately, and Google has not undertaken the effort to migrate its eponymous search engine, for example, to the Google public cloud. But the company’s perspective on the value of having its top products use the cloud just like third-party applications has shifted.”Part of evolving the cloud is having our own services use it more and more, and they are,” Thomas Kurian, CEO of Google Cloud, told CNBC in an interview last month. “Parts of YouTube are moving to Google Cloud.”The change will bring Google more in line with its main U.S. competitors, Amazon and Microsoft.In 2019 Amazon said its consumer

A pedestrian passes a banner displaying Palantir Technologies signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE), Sept. 30, 2020.Michael Nagle | Bloomberg | Getty ImagesLast year at this time, Palantir was gearing up for its long-awaited stock market debut. Now, the data analytics software developer has emerged as a major investor in other tech companies that are themselves getting ready for the public markets.Palantir’s latest investment was announced on Thursday, when Babylon Health said it’s going public through a special purpose acquisition company (SPAC). A group of investors, including Palantir, committed to invest a combined $230 million into the Babylon transaction.Palantir has now agreed to at least six SPAC deals in less than three months. A SPAC is a blank-check company that raises money to buy a private entity through a reverse merger and take it public with the help of financing from additional investors. By participating in the PIPE, or private investment in public equity, Palantir is guaranteed ownership of a certain amount of stock once the transaction closes and the shares in the operating company start trading.While many tech companies like Google, Salesforce and Intel have large venture groups

A Getir scooter in London.GetirLONDON — Turkish grocery delivery start-up Getir has raised $550 million in a new investment round, valuing the company at a whopping $7.5 billion.The Istanbul-based firm raised the fresh cash from the likes of Silver Lake, Mubadala, Sequoia and Tiger Global. Getir has now raised almost $1 billion over three separate funding rounds so far in 2021. The company was last privately valued at $2.6 billion in a May funding round.It is the latest sign of frenzied venture investment in the red-hot speedy grocery delivery space. Apps that promise groceries shipped to customers’ doors in just 10 minutes have cropped up across Europe, with a raft of companies from Turkey’s Getir to Germany’s Gorillas raising huge sums from investors.These firms operate so-called “dark stores,” fulfilment centers designed to carry out online orders rather than serve customers in person. Gorillas and U.K. rivals like Dija and Zapp hire their couriers rather than relying on contractors like Deliveroo and other players in the gig economy.Gorillas is reportedly seeking an investment round of at least $500 million that would value the company at $6 billion, according to Bloomberg. Gorillas declined to comment when contacted by CNBC.Elsewhere in the space,

In this photo illustration, the Facebook logo is seen on a smartphone screen with the EU flag in the background.Chukrut Budrul | SOPA Images | LightRocket via Getty ImagesRegulators in the U.K. and the EU launched formal competition investigations into Facebook on Friday.This is a breaking news story, please check back later for more.

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference.Win McNamee | Getty ImagesBitcoin’s price fell Friday morning after Elon Musk posted a tweet suggesting he’s fallen out of love with the world’s top cryptocurrency.The billionaire Tesla CEO tweeted a meme about a couple breaking up over the male partner quoting Linkin Park lyrics, adding the hashtag #Bitcoin and a broken heart emoji.Bitcoin fell nearly 6% to a price of $36,432 at around 3 a.m. ET Friday, according to data from Coin Metrics. Other digital coins followed suit, with No. 2 cryptocurrency ether dipping 7% to $2,600 and dogecoin — Musk’s favored crypto — sinking almost 8% to around 36 cents.Bitcoin has had a wild year, reaching a record high of more than $64,000 in April, only to then plummet to nearly $30,000 the following month. It’s now more than 40% off its all-time high, though still up almost 30% so far in 2021.It’s not the first time Musk’s tweets about crypto have moved the market. In May, he said that Tesla

In this articleINTCElectric vehicle being driven through Arizona desertThe biggest semiconductor manufacturers in the world are quickly trying to build new factories as the global chip crisis continues to wreak havoc on a plethora of industries.U.S. semiconductor giant Intel announced in March that it plans to spend $20 billion on two new chip plants in Arizona. Separately, TSMC (Taiwan Semiconductor Manufacturing Company) said it was going to build a $12 billion factory in Arizona, and chief executive C.C. Wei said Wednesday that construction had already begun.The Grand Canyon State may not, however, seem like the most obvious place for a chip “foundry” or “fab” since the high-tech manufacturing plants guzzle millions of gallons of water every day.At present, in the face of climate change, Arizona is facing a deepening water crisis and some of the state’s all-important aquifers have an uncertain future.Arizona received just 13.6 inches of rainfall on average per year between 1970 and 2000, according to the NOAA National Climatic Data Center, making it the fourth driest state nationwide. Conversely, Hawaii and Louisiana recorded the highest levels of average yearly precipitation in the U.S. over the same time frame, reporting 63.7 inches and 60.1 inches, respectively.”Water is a

In this article700-HKA smart phone with the icons for the social networking apps WeChat and others seen on the screen on June 29 2018 in Hong Kong, Hong Kong.S3studio | Getty Images News | Getty ImagesGUANGZHOU, China — If you were thinking about picking your nose or putting underwear over your head while livestreaming on WeChat, think again.Tencent runs WeChat, a messaging app that is used by over a billion people. The app is an integral part of daily life in China and can be used for everything from payments to booking flights. Last year, Tencent launched a live broadcasting feature called “Channels.”In a bid to clean up the platform, the Chinese technology giant published a list of dozens of common “violations” on its platform which it had found through monitoring Channels.So-called “vulgar” content is prohibited. This includes any actions with sexual provocation such as “seductive lip licking” and focusing the camera on “sensitive” parts of the body. Spanking is also prohibited.Fortune telling, picking your nose and putting underwear over your head are also not allowed.Tencent also lays out items of clothing that can’t be worn which includes fishnet stockings. Women are not allowed to broadcast in just a bikini

The global chip shortage is causing problems for multiple industries and shows no signs of abating, but don’t expect prices for all types of chips to shoot up, says the Asia-Pacific chief economist of research firm Natixis.Car makers have been hit hardest by the shortage, but the crisis affects everything from gaming consoles to televisions.But not all industries or products may suffer the same way. In fact, there might even be an oversupply of certain chips, according to Alicia Garcia-Herrero of Natixis.”Those chips that for which I am expecting overcapacity, are the kind of lower-end chips,” she told CNBC on Thursday. “This is because China is entering that part of the supply chain very quickly with huge investment.”In other words, Garcia-Herrero said on “Squawk Box Asia,” there will be a segmentation of prices.”The lower end chips will have plummeting prices, very likely … But for the best ones — those that really are relevant for 5G and electric vehicles — we want. So these will have some inflationary consequences,” she said.The ongoing shortage was partly driven by companies stockpiling as the pandemic swept across the world and supply fears grew. But geopolitics is playing a part too.Amid the tech race between

SentinelOne co-founder and CEO Tomer Weingarten.SentinelOneCybersecurity company SentinelOne filed its IPO prospectus with the Securities and Exchange Commission on Thursday, and plans to list on the New York Stock Exchange under the ticker symbol S.In the three months ending April 30, revenue grew 108% year over year to $37.4 million, while net losses more than doubled from $26.6 million to $62.6 million, according to the filing.SentinelOne raised $276 million in a round last November led by Tiger Global, part of a near-$500 million haul from investors in 2020 that tripled its valuation from the beginning of the year to the end, from $1 billion up to $3 billion.SentinelOne competitors have been among the big IPO winners in recent years, with CrowdStrike — which CEO Tomer Weingarten has referred to as its “main competitor” — now valued at over $46 billion. But more of its competitors are also now talking about the threat posed by SentinelOne. In the past few months, CrowdStrike and Qualys for the first time called out SentinelOne as a competitor in their annual reports. And after the coronavirus pandemic arrived, Palo Alto Networks CEO Nikesh Arora began talking about SentinelOne in conversations with analysts — he referenced the company three times on a recent earnings