Tag Archives: CNBC

Trump admin not negotiating equity stakes with quantum firms: Commerce official

“The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson said in a statement.

Posted in Tech | Tagged | Comments Off on Trump admin not negotiating equity stakes with quantum firms: Commerce official

CrowdStrike CEO blasts ‘AI is killing software’ narrative, says one can’t exist without the other

CrowdStrike CEO George Kurtz pushed back on the narrative that artificial intelligence makes cloud-based software obsolete.

Posted in Tech | Tagged | Comments Off on CrowdStrike CEO blasts ‘AI is killing software’ narrative, says one can’t exist without the other

Super Micro shares fall 6% on weak preliminary results

Super Micro said “design win upgrades” pushed some expected first-quarter revenue to the second quarter.

Posted in Tech | Tagged | Comments Off on Super Micro shares fall 6% on weak preliminary results

Tesla’s earnings miss, Meta job cuts, U.S. sanctions Russian oil and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

Posted in Tech | Tagged | Comments Off on Tesla’s earnings miss, Meta job cuts, U.S. sanctions Russian oil and more in Morning Squawk

Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger

The Quark AI glasses and chatbot product highlight an increasing area of focus for Alibaba — AI that is aimed at consumers.

Posted in Tech | Tagged | Comments Off on Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger

Europe’s big enterprise AI hope SAP books 85% of 2026 revenue as deals boom

The German company is focused on creating value for customers, rather than feeding into the “hype.”

Posted in Tech | Tagged | Comments Off on Europe’s big enterprise AI hope SAP books 85% of 2026 revenue as deals boom

First rare earths and chips, now quantum computers: Trump reportedly eyes new U.S. stakes

The Trump administration is reportedly in talks with several quantum-computing firms about government taking equity stakes in exchange for funding.

Posted in Tech | Tagged | Comments Off on First rare earths and chips, now quantum computers: Trump reportedly eyes new U.S. stakes

CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs

Tesla’s revenue rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.

Posted in Tech | Tagged | Comments Off on CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs

Reddit sues Perplexity for scraping of posts, expanding user data battle with AI industry

In its latest data-rights battle with the AI industry, Reddit has launched a suit against Perplexity alleging the AI company illegally scraped its users’ posts.

Posted in Tech | Tagged | Comments Off on Reddit sues Perplexity for scraping of posts, expanding user data battle with AI industry

Elon Musk said Tesla’s robot will be ‘incredible surgeon,’ left Wall Street with no guidance on EVs

In Tesla’s quarter earnings call, Elon Musk and other executives talked a lot about the future but said little about the core business.

Posted in Tech | Tagged | Comments Off on Elon Musk said Tesla’s robot will be ‘incredible surgeon,’ left Wall Street with no guidance on EVs