Tag Archives: CNBC

Nvidia CEO Huang says bringing Blackwell AI chip to China ‘is a real possibility’

Huang predicted the artificial intelligence market in the world’s second-biggest economy will grow 50% next year.

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Founder of IRL social media app charged with defrauding investors

Abraham Shafi, the founder and CEO of Get Together, parent company of the social media app IRL, faces charges of wire fraud, securities fraud and obstruction.

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YouTube-Fox standoff has high stakes as college football, NFL seasons kick off

Google’s YouTube and Fox are in a standoff over a new distribution deal, and the clock is ticking with football season starting.

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Google has eliminated 35% of managers overseeing small teams in past year, exec says

In Google’s continuing effort to run more efficiently, the company has been getting rid of managers who oversee fewer than three people.

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Gusto agrees to buy retirement plan provider Guideline

Gusto, which offers payroll and human resources software, has agreed to acquire Guideline, a startup that provides 401(k) plans to small businesses.

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Nvidia reports second-quarter earnings after the bell

There are two big questions about the future of Nvidia’s data center business that analysts are looking at.

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Saudi Arabia wants to be world’s third-largest AI provider after the U.S. and China, Humain CEO says

Saudi AI ‘champion’ Humain, owned by the kingdom’s massive Public Investment Fund, has partnerships with Nvidia, AMD and Groq.

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Google might lose its $26 billion search deals. Analysts say that could fuel its AI growth

Wall Street analysts have considered the upside if Google stopped shelling out billions to Apple and instead redirected that money into its Gemini AI and cloud.

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MongoDB stock surges 30% after earnings as company touts customer growth boom

The company said it added more than 5,000 customers year to date, “the highest ever in the first half of the year.”

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China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump

The numbers underscore how local Chinese challengers to Nvidia are gaining traction as Beijing looks to push its domestic industry.

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