Tag Archives: CNBC

No ‘woke AI’ in Washington, Trump says as he launches American AI action plan

Trump has vowed to push back against “woke” AI models and to turn the U.S. into an “AI export powerhouse,” signing three AI-focused executive orders Wednesday. 

Posted in Tech | Tagged | Comments Off on No ‘woke AI’ in Washington, Trump says as he launches American AI action plan

Estonia’s tech elite are getting behind a European challenger to Robinhood

A host of Estonia’s top tech entrepreneurs — including ride-hailing unicorn Bolt’s CEO Markus Villig — are investing in European trading app Lightyear.

Posted in Tech | Tagged | Comments Off on Estonia’s tech elite are getting behind a European challenger to Robinhood

Google’s $85 billion capital spend spurred by cloud, AI demand

Executives said the spend will be on tech infrastructure needed to power cloud services.

Posted in Tech | Tagged | Comments Off on Google’s $85 billion capital spend spurred by cloud, AI demand

Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit rose 68%, year on year.

Posted in Tech | Tagged | Comments Off on Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

IBM shares drop despite earnings beat

IBM delivered stronger results than expected and raised its forecast for full-year free cash flow.

Posted in Tech | Tagged | Comments Off on IBM shares drop despite earnings beat

ServiceNow lifts guidance on AI growth

“Every business process in every industry is being refactored for agentic AI,” said ServiceNow chairman and CEO Bill McDermott in a release.

Posted in Tech | Tagged | Comments Off on ServiceNow lifts guidance on AI growth

Texas Instruments stock falls 12% as CEO warns of tariff concerns

CEO Haviv Ilan said that some of the second-quarter strength may have come from a pull forward in demand to acquire inventory ahead of tariffs.

Posted in Tech | Tagged | Comments Off on Texas Instruments stock falls 12% as CEO warns of tariff concerns

Tesla set to report second-quarter earnings after the bell

Tesla’s second quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.

Posted in Tech | Tagged | Comments Off on Tesla set to report second-quarter earnings after the bell

Alphabet to report Q2 earnings after the bell

The company made a number of AI announcements during the quarter.

Posted in Tech | Tagged | Comments Off on Alphabet to report Q2 earnings after the bell

Uber will let women drivers and riders request to avoid being paired with men starting next month

Uber will pilot the women preference program in Los Angeles, San Francisco and Detroit starting next month.

Posted in Tech | Tagged | Comments Off on Uber will let women drivers and riders request to avoid being paired with men starting next month