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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.