Articles from www.cnbc.com

Articles from www.cnbc.com

Powell reinforces position that the Fed is not ready to start cutting interest rates (www.cnbc.com)
2024-3-8 Interest Rate

Private payrolls rose by 140,000 in February, less than expected, ADP reports (www.cnbc.com)
2024-3-8

Why Private Equity has been Involved in Every Recent Bank Rescue Deal (www.cnbc.com)
2024-3-8 Equity

NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent (www.cnbc.com)
2024-3-8

Supreme Court will hear Trump presidential immunity argument April 25 (www.cnbc.com)
2024-3-8 Trump

Facebook says it's working on an AI system for its video recommendations across its entire ecosystem, and tests have led to an 8%-10% gain in Reels watch time (www.cnbc.com)
2024-3-7 Facebook AI

Microsoft engineer Shane Jones writes to the FTC and Microsoft's board warning Copilot Designer creates violent and sexual images, ignores copyrights, and more (www.cnbc.com)
2024-3-7 Microsoft

Patronus AI releases CopyrightCatcher and says GPT-4 produced copyrighted content on 44% of prompts, Mistral's Mixtral on 22%, Llama 2 10%, and Claude 2.1 8% (www.cnbc.com)
2024-3-7 AI

CrowdStrike reports Q4 revenue up 33% YoY to $845M, vs. $839M est., and agrees to buy cloud security company Flow Security for an undisclosed price; CRWD up 20% (www.cnbc.com)
2024-3-6 4Q

At an event, Sergey Brin said Google “definitely messed up” Gemini's image generation launch and it's “not our intention” to have it leaning left in many cases (www.cnbc.com)
2024-3-5 Google

Anthropic says its Claude 3 suite outperforms GPT-4 and Gemini Ultra on some benchmarks, and adds multimodal support for photos and more for the first time (www.cnbc.com)
2024-3-5

As work continues on 6G standards, telcos are talking about 5.5G, or 5G Advanced, which brings faster upload speeds, network slicing, enhanced positioning, more (www.cnbc.com)
2024-3-4 5G

Supermicro, a beneficiary of the AI boom, joins the S&P 500 after its stock grew 20x+ in the past two years and 200%+ in 2024, pushing its market cap past $50B (www.cnbc.com)
2024-3-2 AI

Microsoft launches a Copilot for Finance in public preview; the chatbot can perform some common role-specific actions in Excel and Outlook (www.cnbc.com)
2024-3-1 Microsoft chatbot

Change Healthcare confirms that the ransomware group BlackCat is behind the ongoing attack that caused widespread disruptions to pharmacies across the US (www.cnbc.com)
2024-3-1

Humanoid robot maker Figure AI confirms it has raised $675M at a $2.6B valuation and shows off a general-purpose robot called Figure 01 (www.cnbc.com)
2024-3-1 AI Robot

Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 23%+ (www.cnbc.com)
2024-2-29 4Q

EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023 (www.cnbc.com)
2024-2-29

Glean, which uses AI to offer unified search across apps used at a company, raised a $200M+ Series D at a $2.2B valuation and says annualized revenue hit $39M (www.cnbc.com)
2024-2-28

Bumble reports Q4 revenue up 13% YoY to $273.6M, a $32M net loss, vs. $159.2M YoY, and plans to eliminate 350 roles, about 37% of its workforce (www.cnbc.com)
2024-2-28

Omdia estimates that the bill of materials for Apple Vision Pro is $1,542, with both of the 1.25-inch Micro OLED displays from Sony costing about $228 each (www.cnbc.com)
2024-2-25 Apple Sony

Filing: Google said Microsoft offered to sell Bing to Apple in 2018, but Eddy Cue said Microsoft had search quality issues and was investing less than Google (www.cnbc.com)
2024-2-25 Google Microsoft Apple

Reddit files for a US IPO, says it had $804M in annual sales in 2023, up 20% YoY, and a net loss of $90.8M, compared to a net loss of $158.6M in 2022 (www.cnbc.com)
2024-2-23 IPO Reddit

Nvidia reports Q4 revenue up 265% YoY to $22.1B, vs. $20.62B est., Data Center revenue up 409% to $18.4B, and FY 2024 revenue up 126% to $60.9B; NVDA jumps 6%+ (www.cnbc.com)
2024-2-22 4Q Nvidia

Walmart agrees to buy TV maker Vizio for $2.3B, or $11.50/share, to boost its ad business via Vizio's SmartCast OS, which lets users stream ad-supported content (www.cnbc.com)
2024-2-20 Walmart

PitchBook: VC investment in crypto-related companies rose 2.5% QoQ in Q4 2023 to $1.9B, the first time that crypto startup funding rose since Q1 2022 (www.cnbc.com)
2024-2-17 Startup 4Q

Cisco reports Q2 revenue down 6% YoY to $12.79B, vs. $12.71B est., and plans to cut 5% of its global workforce; Cisco had ~85,000 employees as of July 2023 (www.cnbc.com)
2024-2-15 Cisco

For the first time since 2002, Nvidia ended a trading day with a bigger market value than Amazon, as its market cap reached $1.78T, fueled by the AI boom (www.cnbc.com)
2024-2-14 Amazon AI Nvidia

Instacart reports Q4 revenue up 6% YoY to $803M vs. $804M est., plans to lay off ~250 workers, or ~7% of staff; three top execs are leaving for personal reasons (www.cnbc.com)
2024-2-14 4Q

Court notice: the sentencing of Binance CEO Changpeng Zhao has been postponed until April 30, 2024; CZ is free on a $175M release bond in the US (www.cnbc.com)
2024-2-13

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