Tag Archives: CNBC

Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

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Meta reportedly projected 10% of 2024 sales came from scam, fraud ads

Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters. 

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Trump AI czar Sacks says ‘no federal bailout for AI’ after OpenAI CFO’s comments

Sacks’ comments came after OpenAI CFO Sarah Friar mentioned a federal “backstop” during a conference.

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Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

The MAI Superintelligence Team will pursue research for improving artificial intelligence companions, diagnosing diseases and generating renewable energy.

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Doordash stock drops 15%, heads for worst day ever on spending concerns

Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.

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Datadog’s stock soars 20% on revenue beat, strong forecast

Datadog has rolled out multiple artificial intelligence technologies as the AI boom boosts demand for cloud security.

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OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment

OpenAI CFO Sarah Friar said in a LinkedIn post that the artificial intelligence company is not seeking a government backstop for its infrastructure commitments.

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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

Perplexity will integrate its AI-powered search engine directly into the Snapchat app.

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Duolingo stock plunges 27% on light guidance as company prioritizes user growth

CEO and co-founder Luis von Ahn told CNBC that the company has shifted its investment strategy in recent months to focus on long-term initiatives.

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AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion

Metropolis, which uses AI, computer vision for payments, raised $1.6 billion in equity and debt for a big retail push at gas stations, drive-thrus, and hotels.

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