Articles from www.cnbc.com

Articles from www.cnbc.com

AI chip startup Cerebras Systems files for an IPO, with plans to trade on the Nasdaq as CBRS, and reports a net loss of $66.6M on $136.4M in sales in H1 2024 (www.cnbc.com)
2024-10-1 IPO Startup AI

In an email to OpenAI's investors, CFO Sarah Friar says the company's current funding round was oversubscribed and is set to close next week (www.cnbc.com)
2024-9-27

Source: at an all-hands meeting, Sam Altman said there were no plans for him to get a “giant equity stake” in OpenAI, calling the information “just not true” (www.cnbc.com)
2024-9-27 Equity

SK Hynix starts mass producing its new 12-layer HBM3E chips with 36GB per chip capacity, up 50% from its previous gen, slated for delivery by the end of 2024 (www.cnbc.com)
2024-9-26

The FTC announces a crackdown on “deceptive AI claims and schemes” by companies including legal services firm DoNotPay, which claimed to offer a “robot lawyer” (www.cnbc.com)
2024-9-26 AI Robot

OpenAI CTO Mira Murati says she's leaving the company “to create the time and space to do my own exploration” (www.cnbc.com)
2024-9-26

Collaboration software maker Smartsheet agrees to be acquired by Blackstone and Vista Equity Partners for $8.4B in cash, or $56.50/share, closing in early 2025 (www.cnbc.com)
2024-9-24 Equity

Warner Bros. Discovery partners with Google to add its “caption AI”, built on Vertex AI, to Max to automatically generate captions for unscripted programming (www.cnbc.com)
2024-9-24 Google AI programming

Amazon launches Amelia, an AI tool to help third-party sellers resolve account issues and fetch sales and inventory data, in beta for select US sellers (www.cnbc.com)
2024-9-19 Amazon AI

CEO Anne Wojcicki says she remains committed to taking 23andMe private and is “surprised and disappointed” after all seven independent board directors resigned (www.cnbc.com)
2024-9-18

The US awards Intel up to an additional $3B under the CHIPS and Science Act for the Secure Enclave program to expand the supply of microelectronics for the DOD (www.cnbc.com)
2024-9-17 Intel

Intel announces it is creating a separate entity for its foundry business, a structure that could allow it to raise outside funding; INTC jumps 8% after hours (www.cnbc.com)
2024-9-17 Intel

Amazon CEO Andy Jassy tells employees to return to the office five days a week, citing the importance of the policy to the company's culture (www.cnbc.com)
2024-9-17 Amazon

MicroStrategy stock jumped 8%+ on Friday after founder Michael Saylor said it purchased another $1.1B worth of bitcoin, taking its bitcoin holdings to $14.6B (www.cnbc.com)
2024-9-14 Bitcoin

Trump says he has “absolutely no intention” of selling his Trump Media stock when the lockup period expires; DJT initially popped 25%+, then closed up about 12% (www.cnbc.com)
2024-9-14 Trump

The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs (www.cnbc.com)
2024-9-13

How the hearing aid feature in AirPods Pro 2 could change the hearing aid industry, where most devices range from $799 into the thousands of dollars (www.cnbc.com)
2024-9-13

Microsoft hires Carolina Dybeck Happe as its executive vice president and COO; Dybeck Happe was previously the CFO at GE (www.cnbc.com)
2024-9-13 Microsoft

Sources: Sam Altman and execs from Google, Anthropic, Microsoft, and power and utility companies met at the White House regarding US AI energy infrastructure (www.cnbc.com)
2024-9-13 Google Microsoft Energy AI

The UK gives data centers Critical National Infrastructure designation, enabling the government to coordinate better against hackers and unexpected cyber events (www.cnbc.com)
2024-9-12

Shares of Truth Social owner Trump Media closed down over 10% after Trump's debate with Harris, ending at their lowest level since they began publicly trading (www.cnbc.com)
2024-9-12 Trump

Huawei unveils Mate XT trifold smartphone with a 10.2-inch screen when unfolded, available in China on September 20 for $2,800+ (www.cnbc.com)
2024-9-10 China

The European Court of Justice rules against Apple over a record €13B Irish tax bill, backing a landmark decision from 2016 (www.cnbc.com)
2024-9-10 Europe Tax Apple

Oracle reports Q1 revenue of $13.31B, up 7% YoY, vs. $13.23B est., with revenue from cloud infrastructure of $2.2B, up 45% YoY; ORCL jumps 8%+ after hours (www.cnbc.com)
2024-9-10 Oracle

Skype co-founder Niklas Zennström's Atomico raised $1.24B, including a $754M growth-stage fund and a $485M early stage fund (www.cnbc.com)
2024-9-9 Skype

Some creators move from unpredictable algorithm-driven platforms to subscription services; YouTube group The Try Guys launched 2nd Try, a $5/month streamer (www.cnbc.com)
2024-9-9 YouTube Algorithm

A look at the DOJ's and multiple states' antitrust lawsuit against Google's ad business, as its trial is set to begin on September 9 (www.cnbc.com)
2024-9-7 Google

In a letter, Kamala Harris is endorsed for president by 88 corporate leaders, including Yelp CEO Jeremy Stoppelman and Ripple co-founder Chris Larsen (www.cnbc.com)
2024-9-7

S&P Global announces that Dell and Palantir will join the S&P 500, effective on September 23, 2024; DELL jumps 5%+ and PLTR jumps 7%+ after hours (www.cnbc.com)
2024-9-7

The UK CMA objects to Google's ad tech practices, says Google harms competition by using its online display ad dominance “to favour its own ad tech services” (www.cnbc.com)
2024-9-6 Google

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