Tag Archives: CNBC

JPMorgan moves further into crypto with stablecoin-like token JPMD

U.S. banking giant JPMorgan is gearing up to launch its own alternative to a stablecoin, called JPMD.

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Fintech Ramp’s valuation hits $16 billion in deal led by Peter Thiel’s Founders Fund

Peter Thiel’s Founders Fund leads a fifth round of investment in Ramp that pushes the corporate fintech company’s valuation to $16 billion.

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AI will shrink Amazon’s workforce in the coming years, CEO Jassy says

Amazon CEO Andy Jassy said the company’s workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents.

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Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership

Meta plans to release new smart glasses powered by artificial intelligence that carry the Oakley branding, sources familiar with the matter told CNBC.

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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production

Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of its “Full Self-Driving” technology.

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Reddit stock jumps after company rolls out new AI advertising tools

Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement.

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Spotify’s Daniel Ek leads $694 million investment in defense startup Helsing

Defense tech has become a hot area for investors lately amid major global conflicts.

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Pain management startup Sword Health expands into mental health, raises $40 million

Sword Health is pulling in additional capital as it expands into mental health care with a new artificial intelligence tool.

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Trump’s $499 smartphone will likely be made in China

The Trump Organization’s newly-announced T1 smartphone will likely be made in China, experts said, despite claims the device will be manufactured in the U.S.

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Tencent bets its China WeChat and gaming expertise will help it win cloud business in Europe

Tencent has spent years becoming a gaming and social media giant in China and in the process building up its cloud computing capabilties.

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