Tag Archives: CNBC

Nvidia says there’s ‘no assurance’ of final agreement with OpenAI despite $100 billion pact

Two months after announcing its blockbuster $100 billion agreement with OpenAI, Nvidia said in its quarterly report that an official deal is not guaranteed.

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Palo Alto tops earnings expectations, announces Chronosphere acquisition

The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.

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Elon Musk’s xAI will be first customer for Nvidia-backed data center in Saudi Arabia

Nvidia and xAI said a data center being built in Saudi Arabia and equipped with hundreds of thousands of Nvidia chips will count xAI as its first customer.

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Meta chief AI scientist Yann LeCun is leaving to create his own startup

Meta chief AI scientist Yann LeCun is leaving the company, marking an end of an era of pioneering computer science research at the Facebook parent.

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Block’s stock pops 9% on gross profit forecast, 3-year financial outlook

Block laid out long-term financial targets, projecting annual gross profit growth in the mid-teens through 2028.

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Kraken confidentially files for IPO following $800 million raise

Kraken confidentially filed with federal regulators to go public in the U.S. after recently raising $800 million at a $20 billion valuation.

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OpenAI rolls out ‘ChatGPT for Teachers’ for K-12 educators and districts

ChatGPT for Teachers will be free to K-12 educators in the U.S. through June 2027

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Luma AI raises $900 million in funding round led by Saudi AI firm Humain

Luma AI, a video startup, has raised a $900 million funding round led by Saudi AI company Humain to to build a supercluster in Saudi Arabia.

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Nvidia reports third-quarter earnings after the bell

Nvidia is at the center of the artificial intelligence boom, and counts every major cloud company and AI lab as a customer.

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Perplexity announces free product to streamline online shopping

Perplexity AI announced it will roll out a free agentic shopping product for U.S. users next week

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