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- OpenAI Startup Fund quietly raises $15M
- Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback
- Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says
- Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
- Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results
Tag Archives: CNBC
Social media firms reject ‘shadow banning’ allegations on Palestinian-related content
Queen Rania Al Abdullah of Jordan criticized major platforms for allegedly limiting Palestinian-related content about the war.
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
Last week, Elon Musk sued OpenAI, CEO Sam Altman and President Greg Brockman, alleging breach of contract and unfair competition.
Asia’s tech industry is recovering on chip boom amid global economic uncertainty, JPMorgan says
Asia Pacific’s tech sector has been seeing a recovery amid global macro uncertainties, thanks to the semiconductor industry, said investment bank JPMorgan.
AI is the talk of the town, but businesses are still not ready for it, survey shows
A MIT survey shows that despite business leaders’ bullishness on generative AI, adoption is lagging, with many companies underprepared for rapid adoption.
Dexcom announces its first-ever over-the-counter CGM Stelo has been cleared by the FDA
Dexcom on Tuesday announced that its new over-the-counter continuous glucose monitor called Stelo has been cleared for use by the FDA.
Musk’s OpenAI lawsuit is ‘good advertisement for the benefit of Elon Musk’ but may have little legal merit
Legal experts are skeptical of whether Elon Musk’s lawsuit against OpenAI has any hope of success, but winning for Musk may mean something else entirely.
CrowdStrike shares surge on earnings beat, strong full-year guidance
CrowdStrike shares surged after the company reported a strong beat and issued better-than-expected guidance for the upcoming quarter and full year.
TikTok faces more heat in Washington, as House members introduce legislation demanding ByteDance divestiture
Lawmakers introduced a bill on Tuesday that would require ByteDance to divest TikTok in order to keep the app from being banned in the U.S.
Microsoft compares New York Times’ claims against OpenAI to Hollywood’s early fight against VCR
Microsoft asked a judge to dismiss parts of The New York Times’ lawsuit against OpenAI, accusing the media company of “unsubstantiated” claims.
Facebook, Threads and Instagram are down for some users
Meta’s social media platforms Instagram, Facebook and Threads were down for many users Tuesday morning.