Tag Archives: CNBC

OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue

CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.

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Hands-on with Meta’s Orion AR glasses prototype and the possible future of computing

CNBC senior media and tech correspondent Julia Boorstin experienced Meta’s Orion AR glasses prototype, and was impressed by how lightweight they were.

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Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high

Chinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than a year.

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OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

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Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company.

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Super Micro shares tumble 12% after DOJ reportedly opens probe into company

Super Micro shares tumbled Thursday after a report that the Department of Justice opened a probe into the company.

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Google backs a startup that aims to bring mixed reality to any car windshield or plane cockpit

Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

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Grubhub-owner Just Eat Takeaway to deliver sex toys in partnership with adult retailer Lovehoney

Grubhub-owner Just Eat Takeaway.com has partnered with sex toy retailer Lovehoney Group, in an unexpected expansion into the so-called sexual wellness sector.

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Meta’s misinformation problem has local election officials struggling to get out the truth

After Meta’s layoffs and deprioritizing of news and political content, local election officials say they’re in a precarious spot heading into the elections.

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Major global chip stocks rally on Micron’s 15% surge; ASML up 4%

Micron shares rose 15% in after-hours trade in the U.S. on Wednesday, sparking a rally

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