Articles from www.cnbc.com

Articles from www.cnbc.com

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

Qualcomm CEO Cristiano Amon says the company is working with Samsung and Google on a mixed-reality set of smart glasses linked to a smartphone (www.cnbc.com)
2024-9-6 Google Samsung

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