Tag Archives: CNBC

Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’

The U.S. has imposed restrictions on exports of the chips out of concerns they could be accessed by China, which is Saudi Arabia’s top trading partner.

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Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store

Alibaba’s Taobao app topped Singapore’s Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.

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Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says

Rep. Tim Walberg slammed Meta for its response to a bipartisan group of lawmakers regarding illicit drug ads on its platform.

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Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%

Oracle is projecting higher revenue and capital expenditures as its cloud-computing arm grows.

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Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production

Commerce Secretary Gina Raimondo has met with investors recently to tout the benefits of Intel and U.S. chip production.

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Adobe stock slips on soft fourth-quarter revenue guidance

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings.

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Amazon hikes wages for contract delivery drivers as union pressures grow

Amazon is raising its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour.

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Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF

The price of XRP jumped after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. 

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How one climate startup aims to use AI to protect the power grid

As fires intensify in the western United States, utility companies are on the front lines to protect power lines, and AI is a big part of the process.

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Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief

Carolina Dybeck Happe is joining Microsoft’s top leadership ranks after helping GE to bring its aviation and energy businesses public.

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