Tag Archives: CNBC

Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion

Synthesia CEO Victor Riparbelli told CNBC his company isn’t “dependent” on venture capital, unlike companies such as OpenAI and Anthropic.

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SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership

The SEC on Tuesday filed a suit against Elon Musk, alleging the billionaire violated securities law by acquiring Twitter shares at “artificially low prices.”

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Intel to spin off venture capital arm as chipmaker continues to restructure

Intel said on Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm

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Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says

Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company seeks ways to reel in expenses. 

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Crypto ETFs have big innovation opportunity in 2025, but demand may be weak

Crypto ETFs could be entering a year of innovation, but don’t expect demand to match the first year of bitcoin ETFs.

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Elon Musk, Mark Zuckerberg and Jeff Bezos will attend Trump inauguration, NBC reports

They will be seated on the platform nearby cabinet officials and elected leaders.

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OpenAI adds BlackRock exec Adebayo Ogunlesi to board of directors

As OpenAI pushes toward a for-profit structure, the company is adding Adebayo Ogunlesi, founding partner of Global Infrastructure Partners, to its board.

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Meta targeting lowest-performing employees in latest round of layoffs

Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.

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Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite

Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading.

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Biden opens federal land for AI data centers, sets rules for developers

President Biden issued a new executive order Thursday aimed at speeding the construction of artificial intelligence data centers on federal sites.

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