Articles from www.cnbc.com

Articles from www.cnbc.com

Apple Q4 revenue: iPhone up 6% YoY to $46.22B, Mac up 2% YoY to $7.74B, iPad up 8% YoY to $6.95B, and Wearables, Home, and Accessories down 3% YoY to $9.04B (www.cnbc.com)
22 days ago iPhone Apple 4Q iPad

Amazon reports Q3 AWS revenue up 19% YoY to $27.5B and AWS operating income of $10.4B, up from $7B in Q3 2023, and subscription sales up 11% to $11.3B (www.cnbc.com)
22 days ago Amazon

During a Reddit AMA, Sam Altman says GPT-5 likely won't come this year as OpenAI faces “limitations and hard decisions” in allocating compute resources (www.cnbc.com)
22 days ago Reddit

Intel reports Q3 revenue down 6% YoY to $13.28B, vs. $13.02B est., a net loss of $16.99B, and Q4 guidance above estimates; INTC jumps 10%+ after hours (www.cnbc.com)
22 days ago Intel 4Q

Mark Zuckerberg says Meta is “executing quite well” in building out AI infrastructure, as Meta raises the low end of its 2024 capex guidance to $38B from $37B (www.cnbc.com)
22 days ago AI Zuckerberg

Coinbase reports Q3 revenue up 79% YoY to $1.21B, vs. $1.26B est., a $75M net income, vs. a $2.3M loss in Q3 2023, and announces a $1B stock buyback (www.cnbc.com)
23 days ago Coinbase

Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost ~$58B since 2020 (www.cnbc.com)
23 days ago

Microsoft reports Q1 Intelligent Cloud revenue up 20% YoY to $24.09B, vs. $24.04B est., including Azure and other cloud services up 33% YoY (www.cnbc.com)
23 days ago Microsoft

Super Micro's stock drops 25%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence (www.cnbc.com)
23 days ago

European Data Center Association Chair says lowering water temperatures to cool AI data centers is “incompatible” with the EU's new Energy Efficiency Directive (www.cnbc.com)
23 days ago Europe Energy AI

Reddit Q3: revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est, ARPU of $3.58, vs. $3.24 est.; RDDT jumps 20%+ after hours (www.cnbc.com)
24 days ago Reddit

Snap reports Q3 revenue up 15% YoY to $1.37B vs. $1.36B est., DAUs up 9% YoY to 443M, issues light Q4 guidance, and announces $500M stock repurchase program (www.cnbc.com)
24 days ago 4Q

Google Cloud Q3 revenue grew 35% YoY to $11.4B, vs. $10.88B est., led by growth across AI Infrastructure, Generative AI Solutions, and core GCP products (www.cnbc.com)
24 days ago Google AI

Microsoft says Google runs “shadow campaigns” to discredit it with regulators in Europe, including organizing an “astroturf group” with European cloud providers (www.cnbc.com)
25 days ago Europe Google Microsoft

Robinhood says US users that meet a certain criteria can trade a Kamala Harris or Donald Trump contract via its Robinhood Derivatives unit and ForecastEx (www.cnbc.com)
25 days ago Trump

Filing: Satya Nadella earned $79.1M during the FY ending June 30, up from $48.5M a year ago; compensation was reduced by $5M+ due to Microsoft's security issues (www.cnbc.com)
28 days ago Microsoft

LinkedIn says it has verified 55M+ users for free, the most verified individual human identities of any social network, to combat AI-fueled misinformation (www.cnbc.com)
28 days ago LinkedIn AI

Waymo closed a $5.6B Series C led by Alphabet to expand its robotaxi service in and beyond LA, San Francisco, and Phoenix, bringing its total funding to $11.1B (www.cnbc.com)
28 days ago San Francisco Alphabet

IBM reports Q3 revenue up 1% YoY to $14.97B, vs. $15.07B est., and says bookings for AI consulting and software have exceeded $3B, up more than $1B QoQ (www.cnbc.com)
30 days ago IBM AI

Accel: Klarna alumni have founded 62 new startups, more than any $1B+ European fintech startup; Revolut alumni founded 49, and Wise and N26 alumni had 33 each (www.cnbc.com)
2024-10-22 Europe Fintech Startup

Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B (www.cnbc.com)
2024-10-18 Intel

Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B (www.cnbc.com)
2024-10-18 Netflix

Unity announces the Unity 6 game engine, emphasizing stability, updates, and the ability to support hundreds of players in the same virtual world simultaneously (www.cnbc.com)
2024-10-18

Accel: VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B in 2024, with 40% of the funding going to generative AI startups (www.cnbc.com)
2024-10-17 Europe Israel Startup AI

Amazon signs three deals to help develop small modular nuclear reactors in the US, with Amazon's Climate Pledge Fund leading a $500M Series C-1 for X-energy (www.cnbc.com)
2024-10-17 Amazon Energy Climate

AMD launches its Instinct MI325X GPU to compete with Nvidia's upcoming Blackwell chips and says production will start in 2024, but doesn't disclose its pricing (www.cnbc.com)
2024-10-15 Nvidia AMD

Sources detail Meta's work on an Orion consumer version that could be built within two years, plans to bring Orion wristband tech to its other devices, and more (www.cnbc.com)
2024-10-15

Nvidia-backed cloud GPU provider CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months (www.cnbc.com)
2024-10-15 Nvidia Equity

Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ (www.cnbc.com)
2024-10-4 JPMorgan

Analysis: Microsoft's finance leases, commencing between FY 2025 and FY 2030, mainly for data centers, has risen by $100B+ in less than two years to $108.4B (www.cnbc.com)
2024-10-3 Microsoft

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