Tag Archives: CNBC

Intel gets $5.7 billion from Trump deal as White House says details are ‘being ironed out’

White House press secretary Karoline Leavitt said the Intel deal is still “being ironed out by the Department of Commerce.”

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Nvidia’s Huang touts ‘full steam’ AI spend while China uncertainty remains

Nvidia stock fluctuated as investors digested the company’s latest earnings report, which signaled robust AI demand but provided little clarity on China.

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AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals

A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers.

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Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple

Tesla faces a number of challenges in Europe including continued intense competition and brand damage from Elon Musk’s political involvement.

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Microsoft fires two employees over breaking into its president’s office

The protesters, affiliated with the group No Azure for Apartheid, gained entry into Smith’s office and had demanded that Microsoft end its direct and indirect support to Israel.

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Nvidia CEO Huang says bringing Blackwell AI chip to China ‘is a real possibility’

Huang predicted the artificial intelligence market in the world’s second-biggest economy will grow 50% next year.

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Founder of IRL social media app charged with defrauding investors

Abraham Shafi, the founder and CEO of Get Together, parent company of the social media app IRL, faces charges of wire fraud, securities fraud and obstruction.

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YouTube-Fox standoff has high stakes as college football, NFL seasons kick off

Google’s YouTube and Fox are in a standoff over a new distribution deal, and the clock is ticking with football season starting.

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Google has eliminated 35% of managers overseeing small teams in past year, exec says

In Google’s continuing effort to run more efficiently, the company has been getting rid of managers who oversee fewer than three people.

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Gusto agrees to buy retirement plan provider Guideline

Gusto, which offers payroll and human resources software, has agreed to acquire Guideline, a startup that provides 401(k) plans to small businesses.

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