Tag Archives: CNBC

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.

Posted in Tech | Tagged | Comments Off on Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

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.

Posted in Tech | Tagged | Comments Off on Duolingo stock plunges 27% on light guidance as company prioritizes user growth

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.

Posted in Tech | Tagged | Comments Off on AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion

Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds

Canadian cybersecurity startup 1Password has surpassed $400 million in annual recurring revenue.

Posted in Tech | Tagged | Comments Off on Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds

Tariffs in doubt, Musk’s pay plan, shutdown flight reductions and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

Posted in Tech | Tagged | Comments Off on Tariffs in doubt, Musk’s pay plan, shutdown flight reductions and more in Morning Squawk

Google’s rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon

Google says Ironwood, the seventh generation of its Tensor Processing Unit, is more than four times faster than its predecessor chip.

Posted in Tech | Tagged | Comments Off on Google’s rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon

Family offices make fewer deals but still flock to AI startup mega-rounds

Investment firms of the ultra-rich seek bigger returns and to tap into the AI boom.

Posted in Tech | Tagged | Comments Off on Family offices make fewer deals but still flock to AI startup mega-rounds

Elon Musk expected to prevail in Tesla shareholder vote over CEO’s $1 trillion pay plan

After Tesla ‘s annual shareholders meeting on Thursday, the company is expected to disclose results of the vote on CEO Elon Musk’s pay plan.

Posted in Tech | Tagged | Comments Off on Elon Musk expected to prevail in Tesla shareholder vote over CEO’s $1 trillion pay plan

Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark to FT

Nvidia CEO Jensen Huang reportedly told the Financial Times that “China is going to win the AI race,” before releasing a notably softer statement soon after. 

Posted in Tech | Tagged | Comments Off on Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark to FT

Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut

Shares of two Chinese autonomous driving companies Pony.ai and WeRide both debuted in Hong Kong on Thursday.

Posted in Tech | Tagged | Comments Off on Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut