Tag Archives: CNBC

Trump warned by top Senate Democrats to rethink advanced AI chip sales to China

On Aug. 15, top Senate Democrats warned Trump about AI chip deal with China in an open letter

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Bill Gates meets Willy Wonka: How Epic’s 82-year-old billionaire CEO, Judy Faulkner, built her software factory

Judy Faulkner has run Epic Systems for 46 years and has a detailed plan for what happens when she’s no longer the boss.

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Samsung taking market share from Apple in U.S. as foldable phones gain momentum

Samsung introduced two folding phones in July that are garnering praise on social media and putting pressure on Apple to deliver new types of iPhones

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OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

The talks are still in early stages and the details could change.

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Tech IPOs are roaring after ‘years of Prohibition’ — it may be too good

Bullish’s IPO this week is another sign that the market is swinging wide open after a prolonged dry spell.

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Sen. Hawley to probe Meta AI bot policies for children following damning report

Sen. Josh Hawley called on Meta CEO Mark Zuckerberg to preserve relevant materials, including emails.

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Opendoor stock pops 10% as CEO resigns following investor pressure campaign

Opendoor CEO Carrie Wheeler said on Friday that she’s resigning following “weeks of intense outside interest” in the online real estate company.

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Applied Materials sinks 13% on weak guidance due to China demand

Applied Materials cited weakness from leading edge customers and said China clients are easing spending after a period of rapid manufacturing.

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Government’s Intel intervention is ‘essential’ for national security, tech analyst says

Luria said such a deal is needed to revive Intel and reduce the country’s reliance on companies like Samsung and TSMC to manufacture chips.

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China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports

Despite the U.S. softening on chip export controls — which Beijing has long opposed — Nvidia is being welcomed back under increased distrust and scrutiny. 

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