Jordan Novet, CNBC

Jordan Novet


San Francisco, CA, United States

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  • CNBC
  • SCMP News
  • VentureBeat

Recent articles by Jordan:

Cloud leaders Amazon, Google and Microsoft show the once-booming market is cooling down

Companies looked for ways to save money on their cloud bills in the fourth quarter, a trend that could persist for at least the first half of 2023. → Read More

Amazon's cloud business reports 20% growth in fourth quarter, missing estimates

Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending. → Read More

Qualcomm revenue falls 12%, guidance implies more pain this quarter

Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead. → Read More

Facebook-parent Meta announces $40 billion stock buyback

Meta added active users in the fourth quarter, but revenue growth still slowed, and the social networking company is emphasize its cash-generation powers. → Read More

ChatGPT maker OpenAI comes up with a way to check if text was written by a human

OpenAI, the maker of chatbot ChatGPT, acknowledges that its tool for spotting synthetic text does make mistakes. It wants input from teachers and parents. → Read More

Intel shares drop on weak quarterly results and expectations for another quarter of losses

Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction. → Read More

IBM tops revenue estimates, says it will cut 3,900 jobs

Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024. → Read More

Microsoft's forecast suggests gloomy tech environment will continue

Microsoft's business weakened in December. Now it expects those patterns to continue to play out through March, including in its critical Azure cloud. → Read More

Microsoft set to report earnings after market close

Microsoft is reporting results for the first time since announcing that it was cutting 10,000 jobs as it braces for slowing growth. → Read More

Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan

The chipmaker tried a similar move in 2018 but the operating chief selected to become CEO ended up resigning for violating conduct rules. → Read More

Microsoft is laying off 10,000 employees

Microsoft said it's letting go of 10,000 employees and taking a $1.2 billion charge as the software maker braces for slower top-line growth. → Read More

Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing

Microsoft had its hands full with Activision Blizzard but was also seeing how Figma's software was taking off internally. → Read More

Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week's job cuts

Salesforce is confronting slowing growth, an activist investor concerned about the company's operating leverage and a set of high-profile departures. → Read More

Amazon says it will cut over 18,000 jobs, more than initially planned

Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November. → Read More

Microsoft recognizes its first union as ZeniMax software testers organize

Testers at multiple U.S. ZeniMax video game studios voted in favor of joining a union. Microsoft's support lines up with a previous commitment. → Read More

IBM beat all its large-cap tech peers in 2022 as investors shunned growth for safety

The 111-year-old hardware, software and consulting conglomerate is benefiting from changing investor sentiment and a preference for cash over growth. → Read More

Microsoft responds to FTC case seeking to block Activision Blizzard deal, saying it wouldn't hurt competition

Microsoft said for the third largest console maker to be buying a major gaming franchise would't overturn a competitive market. U.S. regulators don't agree. → Read More

Here's how much money Google estimates Microsoft's cloud business is actually losing

Google sees Microsoft's Azure revenue in the latest fiscal year at less than $30 billion, while analysts' numbers are significantly higher. → Read More

Workday names Sequoia's Carl Eschenbach as co-CEO, alongside Aneel Bhusri

Workday named Carl Eschenbach, who has spent almost seven years at Sequoia Capital, as its new co-CEO, replacing Chano Fernandez. → Read More

Marc Benioff tells Salesforce workers that new employees are 'facing lower productivity'

Last year Marc Benioff, Salesforce's co-founder and CEO, said people could work very productively at home. Now he's saying newer employees are having issues. → Read More