Tag Archives: CNBC

AI industry looks to repeat crypto lobbying success and put war chest to work in midterm elections

AI super PACs will be a major force in midterm elections as national and state debates over artificial intelligence regulation, and lobbying dollars, rise.

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Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella

Since its founding in 2023, Outtake has added OpenAI, Applovin and Bill Ackman’s Pershing Square to its growing list of customers.

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Snap establishes Specs subsidiary for its AR glasses

Snap on Wednesday said its unit working on the development of augmented reality glasses is now housed under a wholly owned subsidiary named Specs Inc.

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The Fed meeting, Starbucks earnings, Amazon layoffs and more in Morning Squawk

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

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China’s next DeepSeek moment could come from a group of AI chipmaking ‘dragons’

China is gaining momentum with its home-grown Nvidia rivals, and it could be the next DeepSeek moment.

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Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia

Reuters reported that China has approved sales of Nvidia’s H200, sending the AI chip giant’s shares higher in premarket trade.

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Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push

The layoffs mark the second round of mass cuts at Amazon since last October, when the company laid off roughly 14,000 employees across its corporate workforce.

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Autonomous trucking startup Waabi raises $750 million to expand into robotaxis

Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.

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South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.

SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.

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SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.

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