Tag Archives: CNBC

Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts

While Meta had sought to hire “a lot of people” from OpenAI, “so far none of our best people have decided to take them up on that,” Sam Altman said.

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Trump to extend TikTok deadline for third time, pushing decision out another 90 days

President Donald Trump plans to again extend the deadline requiring China’s ByteDance to divest TikTok’s U.S. business or be effectively banned in the country.

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Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

This is the first legislative victory for the digital asset industry, which put around $250 million in the 2024 election cycle.

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AWS’ custom chip strategy is showing results, and cutting into Nvidia’s AI dominance

Anthropic’s Claude Opus 4 is trained on Trainium2 GPUs, according to AWS, and Project Rainier is powered by over half a million of its own.

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Canva expands from design into analytics with acquisition of MagicBrief

Canva already provides popular tools for designing ads. Now it wants to help marketers see how they perform.

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JPMorgan moves further into crypto with stablecoin-like token JPMD

U.S. banking giant JPMorgan is gearing up to launch its own alternative to a stablecoin, called JPMD.

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Fintech Ramp’s valuation hits $16 billion in deal led by Peter Thiel’s Founders Fund

Peter Thiel’s Founders Fund leads a fifth round of investment in Ramp that pushes the corporate fintech company’s valuation to $16 billion.

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AI will shrink Amazon’s workforce in the coming years, CEO Jassy says

Amazon CEO Andy Jassy said the company’s workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents.

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Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership

Meta plans to release new smart glasses powered by artificial intelligence that carry the Oakley branding, sources familiar with the matter told CNBC.

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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production

Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of its “Full Self-Driving” technology.

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