Technology

For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption.But a transfer of power has begun.On Friday, Microsoft surpassed Apple, claiming the crown after its market value surged by more than $1 trillion over the past year. Microsoft finished the day at $2.89 trillion, higher than Apple’s $2.87 trillion, according to Bloomberg.The change is part of a reordering of the stock market that was set in motion by the advent of generative artificial intelligence. The technology, which…

Listen and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTubeCasey is taking his newsletter Platformer off Substack, as criticism over the company’s handling of pro-Nazi content grows. Then, The Wall Street Journal spoke with witnesses who said that Elon Musk had used LSD, cocaine, ecstasy and psychedelic mushrooms, worrying some directors and board members of his companies. And finally, how researchers found a new class of antibiotics with the help of an artificial intelligence algorithm used to win the board game Go.Today’s guests:Kirsten Grind, enterprise reporter for The Wall Street JournalFelix Wong, postdoctoral fellow at M.I.T. and co-founder of…

Amazon is laying off hundreds of employees at its studio division as well as its subsidiary Twitch to reduce costs, the latest in a wave of new job cuts hitting the tech industry.Twitch, a video streaming platform, will cut just over 500 roles, or 35 percent of its work force, according to a blog post on the company’s website. Prime Video and Amazon MGM Studios will eliminate hundreds of jobs, said an email sent to staff on Wednesday.Since late 2022, Amazon has laid off 27,000 workers, as the company has slashed costs in an effort to recover from overexpansion during…

The videogame software provider Unity Software said on Monday that it would cut its work force by 25 percent, or roughly 1,800 jobs, in one of the first major tech industry layoffs this year.In a securities filing, Unity said the cuts would allow it to restructure and refocus “on its core business, and to position itself for long-term and profitable growth.” The company added in a statement that teams across the company would be affected.Last week, Xerox said it would lay off 15 percent of its 23,000-member global staff in the first quarter of 2024, an effort to further shift…

This time of year, everyone asks what you like least about your life, but they phrase it as, “What’s your New Year’s resolution?”My biggest regret of 2023 was my relationship to my smartphone, or my “tech appendage” as I’ve named it in my iPhone settings. My Apple Screen Time reports regularly clocked in at more than five hours a day.That’s only an hour more than the average American, but I still found it staggering to think that I spent the equivalent of January, February and half of March looking at that tiny screen (April too, if we only count waking…

This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may contain errors. Please review the episode audio before quoting from this transcript and email transcripts@nytimes.com with any questions.kevin rooseThis podcast is supported by Givewell. With over 1.5 million nonprofits in the US, how do you know which ones could make a big impact with your donation? Try Givewell. They’ve spent over 15 years researching charity. They share that research for free and direct funding to the highest impact opportunities they’ve found in global health and poverty alleviation.Make a tax deductible donation at…

After enjoying a strong rebound in sales in 2023, the auto industry appears headed for slower growth this year as consumers struggle with elevated interest rates and high prices for new cars and light trucks.Edmunds, a market researcher, expects the industry to sell 15.7 million vehicles this year. That would amount to a modest increase from the 15.5 million sold last year, when sales jumped 12 percent.“There’s definitely pent-up demand out there, because people have been holding off purchases for a while,” said Jessica Caldwell, head of insights at Edmunds. “But given the credit situation, we don’t think the industry…

Crucial Events on the Path Back to the MoonNASA wants to put American astronauts on the moon’s surface in the years ahead with the Artemis III mission. Before that can happen, though, many things have to go right, and two of the most important are scheduled for 2024.The first is the Artemis II mission. NASA introduced the four astronauts of Artemis II last year. As soon as November, the four could travel around the moon and back. They would be the first humans to travel near the moon since 1972, when the Apollo 17 mission concluded. To fly in 2024,…

In the last few months, Beth Fletcher, a 39-year-old photographer in Derbyshire, England, built a small following on TikTok by recapping and analyzing the British reality show “I’m a Celebrity … Get Me Out of Here!” When the latest season ended in early December, Ms. Fletcher was at a loss for content because, she said, “we don’t have another good reality TV show on until summer.”Then the TikTok algorithm delivered: a video of Brooklyn Schwetje, a graduate student and influencer, sharing a day in her life on the Ultimate World Cruise, a nine-month-long, round-the-world voyage with Royal Caribbean. Ms. Fletcher…

Michael D. Cohen, the onetime fixer for former President Donald J. Trump, mistakenly gave his lawyer bogus legal citations concocted by the artificial intelligence program Google Bard, he said in court papers unsealed on Friday.The fictitious citations were used by the lawyer in a motion submitted to a federal judge, Jesse M. Furman. Mr. Cohen, who pleaded guilty in 2018 to campaign finance violations and served time in prison, had asked the judge for an early end to the court’s supervision of his case now that he is out of prison and has complied with the conditions of his release.The…