Tag Archives: CNBC

Scale AI’s life after Meta deal has been rocky, but CFO insists it’s not a ‘zombie company’

Five months after Scale AI’s high-profile founder was hired by Meta, the startup is trying to show that it’s still on a growth trajectory.

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Palantir stock drops 7% on valuation concerns as CEO Karp rips short seller ‘market manipulation’

Wall Street analysts raised concerns about Palantir’s elevated valuation and famed hedge fund manager Michael Burry revealed a short position.

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Alex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats— crazy’ for bets against Palantir, Nvidia

“The idea that chips and ontology is what you want to short is bats— crazy,” Alex Karp said.

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Bitcoin’s November sell-off worsens as investors reduce risk on worries about the AI trade

Cryptocurrencies retreated Tuesday as investors continued to flee risk-on assets.

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Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant

Instacart’s AI Solutions, a suite of artificial intelligence tools for grocers, includes agentic inventory tracking and an AI shopping assistant.

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Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI

Amazon, Target and UPS are laying off thousands of employees, but the reasons behind the cuts go a lot deeper than AI.

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Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously

Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland.

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Palantir earnings, Pizza Hut’s options, a new consumer staples giant and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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Uber falls 4% despite third-quarter revenue beat

CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.

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Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package

Managers of the world’s largest sovereign wealth fund said they are “concerned” about the proposed deal.

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