Tag Archives: CNBC

Chegg slashes 45% of workforce, blames ‘new realities of AI’

The online education company said the combination of artificial intelligence and diminished traffic from search engines like Google has hurt the business.

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OpenAI says U.S. needs more power to stay ahead of China in AI: ‘Electrons are the new oil’

OpenAI urged the White House to substantially increase the U.S.’ investment in new energy capacity

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Amazon to announce largest layoffs in company history, source says

The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the company’s history, according to a person familiar with the matter.

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iRobot stock tumbles 30% after Roomba maker warns the search for a buyer has stalled

The Roomba maker’s financial condition has worsened since Amazon abandoned its planned acquisition of the company in 2024.

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AI startup Mercor now valued at $10 billion with new $350 million funding round

The company was able to take advantage of the pivot to data-labeling after Meta paid $14.3 billion for a 49% stake in Scale AI in June

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Airbnb wants to prevent Halloween parties in the U.S. and Canada

Airbnb will take a number of factors into consideration to block reservations it deems higher risks of being used for Halloween parties.

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Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 15%

The AI200, expected in 2026, and the AI250, planned for 2027, both can come in a system that fills up a full, liquid-cooled server rack, Qualcomm said.

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Trump’s trade deals, Novartis acquires Avidity, Taco Bell’s beverage push and more in Morning Squawk

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

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Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says

Tesla Board Chair Robyn Denholm said Elon Musk is key to the future of the EV maker as it focuses more on Full Self Driving and Optimus.

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OpenAI’s spending bonanza has Wall Street focused on capex in Big Tech earnings reports

Most of the tech megacaps report quarterly results this week, and investors are particular focused on capital expenditures.

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