Tag Archives: CNBC

Microsoft to invest $17.5 billion in India’s AI infra as Big Tech queues up for the Asian market

Microsoft has pledged $17.5 billion in investment in India’s cloud and AI infrastructure, as major tech players commit to the growing market.

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CNBC Daily Open: A ‘hawkish cut’ by the Fed could dull festivities

The “dot plot,” Chair Jerome Powell’s press conference and estimates for U.S. economic growth and inflation are ways the Fed can rein in sentiment.

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Hinge founder leaves CEO role to launch AI-powered dating startup

Hinge founder Justin McLeod is stepping down as CEO to launch an AI-powered dating service called Overtone.

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Oracle’s AI-fueled debt load has investors on edge ahead of quarterly earnings

Oracle’s fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company’s buildout plans.

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Teachers’ union AFT slams crypto market bill, warns of ‘profound risks’ for America’s retirement plans

American Federation of Teachers is urging senators to reconsider its crypto market structure bill which the union says will put Americans’ retirement at risk.

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OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy

Dresser was named Slack’s chief executive in 2023 after spending more than a decade at Salesforce.

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Trump’s blessing of Nvidia AI chip sales to China gets a chilly reception from GOP

Trump said Chinese President Xi Jinping “responded positively” to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.

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Instacart’s AI pricing tools drive up the cost of some groceries, study finds

Federal regulators and politicians have scrutinized companies’ use of AI tools to set the cost of products or services, often called “surveillance pricing.”

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Cramer sees any Nvidia sales of H200s in China as a ‘pure bonus,’ says the stock should be higher

Wall Street fails to see the benefit of Nvidia finally getting the green light from the U.S. to sell its second-best chips in China.

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Cramer: I may need to reevaluate our Costco position. Plus, a good sign for Linde

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

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