Tag Archives: CNBC

Hims & Hers Health adds compounded GLP-1 injections to weight loss program

The GLP-1 market has faced supply constraints in recent months as drugs like Ozempic and Wegovy continue to skyrocket in popularity.

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Britain expands AI safety institute to San Francisco amid scrutiny over regulatory shortcomings

The U.K. said Monday it will open a U.S. counterpart to its AI safety summit, a state-backed body testing advanced AI systems, in San Francisco this summer.

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$9 billion travel tech firm Navan on track to hit profitability this year and ‘not far’ from IPO, CEO says

The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an IPO this year.

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Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come

Musk said that he was “very excited” to bring internet services to areas with limited or no connectivity.

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Microsoft set to unveil its vision for AI PCs at Build developer conference

Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new “AI PCs.”

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OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

OpenAI has dissolved its team focused on long-term AI risks, less than one year after announcing it, amid both team leaders’ high-profile departures.

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Activist Boaz Weinstein says BlackRock funds are ‘crushing shareholder rights’

Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.

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As Tesla layoffs continue, here are 600 jobs the company cut in California

Tesla has eliminated another 600 jobs across its operations in Fremont and Palo Alto, California.

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AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

CoreWeave’s $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.

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Microsoft’s Mistral partnership avoids merger probe by British regulators

The U.K.’s Competition and Markets Authority cleared Microsoft’s AI partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger.

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