Tag Archives: CNBC

Apple is facing pressure from Wall Street to figure out its AI strategy

Apple analysts are starting to wonder how much time the iPhone maker has to find an AI strategy before its core business starts to feel the effect.

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Why Revolut’s journey to become a UK bank is taking so long

A year on from gaining a U.K. bank license, Revolut is still in a “mobilization” phase which limits the amount of customer deposits it can hold.

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Big Tech split? Google to sign EU’s AI guidelines despite Meta snub

The code provides guidance on how to meet the requirements of the EU’s landmark AI Act.

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South Korea’s LG Energy Solution signs $4.3 billion battery supply deal with undisclosed party

The company said that details of the agreement such as the deal amount were subject to change and the contract period could be extended by up to seven years. 

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Anthropic in talks to raise fresh capital at $170 billion valuation

Anthropic is looking to raise up to $5 billion at a $170 billion valuation in a funding round led by Iconiq Capital.

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CyberArk’s stock jumps on report Palo Alto Networks in talks to buy company for over $20 billion

Palo Alto Networks CEO Nikesh Arora has been on a buying spree in recent years, but CyberArk would represent by far his biggest bet.

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Cash App opens up to Apple Pay and Google Pay for the first time

PayPal’s Venmo continues to gain ground, reporting more than 20% year-over-year revenue growth in the second quarter.

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Apple opens manufacturing academy in Detroit as Trump ramps up pressure to invest in U.S.

The Apple Manufacturing Academy is opening in downtown Detroit, with a focus on artificial intelligence.

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Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings

Meta investors will be scrutinizing CEO Mark Zuckerberg’s AI hiring blitz during the company’s second-quarter earnings on Wednesday.

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Rare earths are China’s bargaining chip in the trade war — the U.S. is trying to fix that

China mines around 70% and processes around 90% of rare earths. The U.S. is hoping to change that with investment in the domestic rare earth supply chain.

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