Tag Archives: CNBC

Trump approves TikTok deal through executive order, Vance says business valued at $14 billion

President Donald Trump on Thursday approved a proposed deal that would keep TikTok alive in the U.S.

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Oracle, Silver Lake & MGX will be main investors in TikTok U.S., sources say

TikTok’s U.S. business will have 45% of control in the hands of a group of investors that includes Oracle, Silver Lake and Abu Dhabi’s MGX.

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Microsoft cuts off cloud services to Israeli military unit after report of storing Palestinians’ phone calls

The decision comes after Microsoft fired employees for participating in protests over the use of its cloud services by the Israeli military.

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Amazon reaches $2.5 billion settlement with FTC over ‘deceptive’ Prime program

Opening arguments for the trial in Seattle took place on Tuesday and the proceedings were expected to last a month.

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CoreWeave inks $6.5 billion deal with OpenAI

CoreWeave’s latest agreement with OpenAI brings the two companies’ total deal value to $22.4 billion.

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Databricks commits to $100 million in OpenAI spending as high-valued startups team up in AI

Databricks plans to spend at least $100 million over multiple years on OpenAI models.

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European Commission launches antitrust probe into software giant SAP

SAP said it did not expect the investigation to have a material impact on its bottom line.

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British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round

The investment highlights continued demand for high-powered computing infrastructure required to train and run powerful AI models.

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Early Revolut backer invests in AI-focused finance software startup Light

Danish startup Light wants to disrupt the decades-old world of corporate accounting software.

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China’s Xiaomi plans showrooms for 2027 EV launch in Europe, eyes local manufacturing later

Xiaomi plans to launch its electric vehicles in Europe in 2027 and is scouting for showroom locations.

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