Tag Archives: CNBC

The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.

Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” 

The AI boom has resulted in “unbelievable, crazy valuations,” Clegg said.

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

Taiwan Semiconductor Manufacturing Company reported a 39.1% increase in third-quarter profit, hitting a fresh record despite missing estimates.

The U.S. has taken steps to block one of Hong Kong’s largest phone companies from accessing the country’s domestic telecom networks over national security concerns.

Europe is planning to at least triple its data center capacity as part of a push to become a world-class AI hub.

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

Arm Holdings CEO Rene Haas discussed AI technology’s energy use in an interview with CNBC’s Jim Cramer.