Tag Archives: CNBC

Tether reportedly seeks lofty $500 billion valuation in capital raise

The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said.

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Micron beats on earnings as company sales rise 46% on AI boom

Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.

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YouTube to allow creators banned for Covid-19, election misinformation to apply for reinstatement

YouTube on Tuesday said it will allow previously banned accounts to apply for reinstatement, rolling back a policy that had treated violations as permanent.

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Amazon to close all of its Fresh grocery stores in UK

The company’s grocery business has undergone significant changes in the past few years, including trimming its brick-and-mortar store footprint.

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Chinese EV giant BYD says it has a backup plan if it’s cut off from Nvidia chips

BYD executive Stella Li said BYD has not been told to stop using any Nvidia products.

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Amazon faces off against FTC over ‘deceptive’ Prime program

The FTC complaint alleges Amazon “tricked and trapped” consumers into signing up for Prime, then making it too complicated to cancel their membership.

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Startups and founders could be hardest hit by $100,000 H-1B visas

Startups across the U.S. have been left worrying about the implications of potential hefty fees on H-1B visas. 

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Nvidia and OpenAI’s $100-billion deal sparks global chip stock rally

Key Nvidia-linked stocks including TSMC and SK Hynix were higher after the $100 billion OpenAI deal.

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India is betting $18 billion to build a chip powerhouse. Here’s what it means

India dreams of being self-sufficient in terms of semiconductors has seen it invest heavily to attract global chip companies. But success has been uneven.

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‘We need the smartest people’: Nvidia, OpenAI CEOs react to Trump’s H-1B visa fee

“We want all the brightest minds to come to the U.S. and remember immigration is the foundation of the American Dream,” Nvidia CEO Jensen Huang said Monday.

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