Tag Archives: CNBC

Elon Musk’s xAI partners with messaging app Telegram in $300 million Grok deal

Elon Musk’s startup xAI is paying Telegram $300 million to roll out its Grok chatbot.

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Joby Aviation shares pop 20% as electric air taxi maker closes $250 million Toyota investment

Joby announced that it received the first $250 million of a $500 million investment from Toyota to support its air taxis.

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Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI

Instacart has appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new operations chief.

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Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year.

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China and tariffs have wiped off $130 billion from critical chip firm ASML since peak value

ASML, like many chip firms, has been hit by restrictions on exports to China and U.S. tariff uncertainty.

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The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance

The UAE seeks to expand its geopolitical influence while the U.S. needs cheap, abundant power and international partners to stay ahead of China in the AI race.

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Getty Images spending millions to battle a ‘world of rhetoric’ in AI suit, CEO says

Getty Images is spending “millions and millions of dollars” on its legal case against Stability AI, the photo licensing company’s CEO Craig Peters told CNBC.

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SpaceX’s Starship explodes for third time in a row, Musk promises more frequent launches

SpaceX’s Starship system exploded on Tuesday in a test flight, the third consecutive setback for the rocket company.

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Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says

A district court judge in Washington, D.C., said on Tuesday that Elon Musk has an expansive role in the federal government.

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Circle IPO has peculiar Facebook-like characteristic

In its updated IPO prospectus on Tuesday, Circle indicated that most of the shares being sold are coming from existing stakeholders rather than the company.

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