Tag Archives: CNBC

United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal

The combined entity would aim to secure American access to mature chips amid potential risks from China competition and tensions between China and Taiwan.

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Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

The new tool, called Nova Act, will compete with other agentic AI tools launched by the likes of OpenAI and Anthropic.

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CoreWeave shares slump nearly 10% in second day of trading

CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.

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AI’s vibe-coding era: How the shift to apps changed the race

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Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold

Huawei has been trying to adapt its business to deal with U.S. sanctions that have restricted its access to key technologies like semiconductors.

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After 20 years at the helm, Klarna’s CEO Sebastian Siemiatkowski is about to face his biggest test yet

Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.

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23andMe bankruptcy: With America’s DNA put on sale, market panic gets a new form of testing

Genetic testing company 23andMe’s bankruptcy has led to a new consumer privacy issue: what happens to the DNA of millions of Americans when it goes on sale?

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In Trump era, companies are rebranding DEI efforts, not giving up

Most companies are continuing related work, but shifting the language.

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Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud

A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled Friday.

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Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.

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