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Google Maps app can be seen on a mobile phone.

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Google and Apple dominate the market for online maps, charging mobile app developers for access to their mapping services. The other mega-cap tech companies are joining together to help create another option.

A group formed by Meta, Microsoft and Amazon Web Services, along with TomTom, is releasing data that could enable companies to build their own maps, without having to rely on Google or Apple.

The Overture Maps Foundation, which was established late last year, captured 59 million “points of interest,” such as restaurants, landmarks, streets and regional borders. The data has been cleaned and formatted so it can be used for free as the base layer for a new map application.

Meta and Microsoft collected and donated the data to Overture, according to Marc Prioleau, executive director of the OMF. Data on places is often difficult to collect and license, and building map data requires lots of time and staff to gather and clean it, he told CNBC in an interview.

“We have some companies that, if they wanted to invest to build the map data, they could,” Prioleau said. Rather than spending that kind of money, he said, companies were asking, “Can we just get collaboration around the open base map?”

Overture is aiming to establish a baseline for maps data so that companies can use it to build and operate their own maps.

For many companies, Google‘s and Apple‘s maps aren’t ideal, because they don’t provide access to the underlying data. Instead, those companies allow app makers to use their maps as a service and, in many cases, charge each time the underlying map is accessed.

For example, app makers pay per thousand Google Maps lookups through an application programming interface (API). Apple allows access to Apple Maps for free for native app developers, but web app developers need to pay.

“That works for a lot of people, but not for others,” Prioleau said.

Overture is only offering the underlying map data, leaving it up to companies to build their own software on top of it.

A map that shows where the 59 million points of interest Overture has collected are concentrated.

Overture Maps Foundation

Digital maps are important for nearly all mobile apps. Emerging technologies such as augmented reality and self-driving cars also require high-quality mapping software to work. Using Overture’s data, companies can integrate their proprietary information, such as exact pickup locations for a delivery app, to customize their offerings.

Overture isn’t the first organization to strive to create map data that can be used freely or cheaply. OpenStreetMap, founded in 2004, creates maps using crowdsourced data. Meta uses the data in its maps.

Prioleau, who worked at Meta until earlier this year, says Overture seeks to distinguish its data from OpenStreetMap’s by being more closely vetted and curated.

One big challenge is keeping the map data up to date, as businesses close and roads change. The foundation hopes its members can contribute enough real-time information to enable the regular release of accurate updates instead of a one-time data dump. Prioleau envisions using artificial intelligence technology and other automated techniques to help.

“You build maps for the rest of your life,” Prioleau said, “which is also one of the reasons why these companies said, ‘Hey, we don’t get any huge benefit from cleaning up data, right? We’re willing to share that, that’s not a strategic advantage for us.'”

WATCH: The rise of Google Maps

The rise of Google Maps

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Oracle stock jumps after $30 billion annual cloud deal revealed in filing

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Oracle stock jumps after  billion annual cloud deal revealed in filing

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.

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Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually.

CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year.

“Oracle is off to a strong start in FY26,” Catz is expected to say, according to the filing. “Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.”

The deals revealed Monday by Catz will not affect the company’s 2026 guidance, according to the filing.

Read more CNBC tech news

Oracle shares hit record high

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Trump says he has group of ‘very wealthy people’ ready to buy TikTok

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Trump says he has group of ‘very wealthy people’ ready to buy TikTok

U.S. President Donald Trump announced on April 4 that he would again postpone enforcement of a law banning TikTok unless its Chinese owner ByteDance divests from the platform.

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U.S. President Donald Trump told Fox News in an interview aired on Sunday that he has a group of “very wealthy people” ready to buy TikTok, whose identities he can reveal in about two weeks.

Trump added that the deal will probably need Beijing’s approval to move forward, but said “I think President Xi will probably do it,” in reference to China’s leader Xi Jinping.

The president made the off-the-cuff remarks while discussing the possibility of another pause of his “reciprocal” tariffs on Fox News’ “Sunday Morning Futures with Maria Bartiromo.” 

Tiktok’s fate in the U.S. has been in doubt since the approval of a law in 2024 that sought to ban the platform unless its Chinese owner, ByteDance, divested from it. The legislation was driven by concerns that the Chinese government could manipulate content and access sensitive data from American users.

Earlier this month, Trump extended the deadline for ByteDance to divest from the platform’s U.S. business. It was his third extension since the Supreme Court upheld the TikTok law just a few days before Trump’s second presidential inauguration in January. The new deadline is Sept. 17. 

The Protecting Americans from Foreign Adversary Controlled Applications Act, of PAFACA, had originally been set to take effect on Jan. 19, after which app store operators and internet service providers would be penalized for supporting TikTok.

TikTok went dark in the U.S. ahead of the original deadline, but was restored after Trump provided it with assurances on the extension.

Trump, who credited the app with boosting his support among young voters in the last presidential election, has maintained that he would like to see the platform stay afloat under new ownership. 

Potential buyers that have voiced interest in the app include Trump insiders such as Oracle’s Larry Ellison to firms like AppLovin and Perplexity AI

Most of the potential bidders for TikTok don't fit both Washington and Beijing's requirements

However, it’s unclear if ByteDance would be willing to sell the company. Any potential divestiture is likely to require approval from the Chinese government.

A deal that would have spun off TikTok’s U.S. operations and allowed ByteDance to retain a minority position had been in the works in April, but was derailed by the announcement of Donald Trump’s tariffs on China, Reuters reported that month.

The president previously floated a proposal for American stakeholders to buy the company and then sell a 50% stake to the U.S. government as part of a joint venture

Experts have previously told CNBC that any potential deal could face legal challenges in the U.S., depending on whether it complies with PAFACA.

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Nvidia insiders dump more than $1 billion in stock, according to report

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Nvidia insiders dump more than  billion in stock, according to report

NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025.

Mustafa Yalcin | Anadolu | Getty Images

Insiders at artificial intelligence chipmaker Nvidia have dumped more than $1 billion in stock over the last year, according to a report from the Financial Times.

About $500 million worth of sales occurred over the last month as the market notched new highs and shook off geopolitical tensions that had rattled investors, according to the report. The stock is up more than 17% this year despite concerns over curbs limiting AI chip sales overseas and 44% over the last three months.

Securities filings revealed that the tech titan recently unloaded about $15 million worth of shares as part of his more than $900 million plan announced in March to sell up to 6 million shares through the end of the year. Huang’s net worth totals about $138 billion, placing him as 11th on the Bloomberg Billionaires Index.

Last week, the chipmaking giant hit a fresh record and rallied for five straight days following the stock sales and an annual shareholder meeting, where the CEO called robotics the biggest opportunity for the company after AI. That helped the chipmaker regain its seat as the most valuable company ahead Microsoft and Apple.

The FT article cited a report from VerityData, which noted that the jump in shares above $150 prompted the stock dump.

Last year, Huang unloaded more than $700 million in Nvidia shares as part of a prearranged plan.

A Nvidia spokesperson declined to comment on the report.

Read the complete Financial Times report here.

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