Tag Archives: CNBC

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.

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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. 

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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.

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Microsoft letting employees raise concerns about products after Middle East controversy

Microsoft employees can now request Trusted Technology Reviews when they want to report on concerning uses of the company’s products.

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Doordash stock tanks 20% as company misses earnings, says it expects further spending

The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.

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Snap shares rocket 25% on strong forecast, $400 million Perplexity deal

Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup’s search features into Snapchat in 2026, Snap said.

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Robinhood doubles revenue as it beats third-quarter earnings expectations

CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.

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Figma delivers strong forecast as AI draws in more customers

People are signing up for Figma to use its Make tool for generating app designs with artificial intelligence, CEO Dylan Figma said.

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Lucid misses Wall Street expectations, cuts production guidance again

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia’s Public Investment Fund.

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New bipartisan bill would require companies to report AI job losses

The AI-Related Job Impacts Clarity Act would require companies and federal agencies to submit quarterly reports of “AI-related job effects.”

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