Articles from www.cnbc.com

Articles from www.cnbc.com

Figma files for an IPO, plans to trade on the NYSE under FIG, and reports Q1 revenue increased 46% YoY to $228.2M and net income grew from $13.5M to $44.9M YoY (www.cnbc.com)
2 hours ago IPO

Huawei open sources its 7B and 72B Pangu AI models, and some of its model reasoning tech, to incentivize the use of Huawei products like its Ascend AI chips (www.cnbc.com)
11 hours ago AI

Robinhood announces an expanded offering of tokenized US stocks across Europe, crypto staking in US, a Layer 2 blockchain for real-world asset settlement, more (www.cnbc.com)
1 day ago Blockchain Europe Asset

SEC filing: Oracle signed multiple large cloud agreements, including one that is expected to contribute $30B+ in annual revenue starting in FY28; ORCL jumps 5%+ (www.cnbc.com)
1 day ago Oracle

Baidu plans to open-source its Ernie LLM on June 30; some say this could cement China's AI leadership, while others doubt it will be a “DeepSeek moment” (www.cnbc.com)
2 days ago China AI

As Reddit turns 20, a look at its AI efforts, including the Reddit Answers chatbot, while it battles unauthorized scraping of user data for AI training (www.cnbc.com)
3 days ago AI chatbot Reddit

Trump says the US is “terminating all discussions on trade with Canada” in response to Canada's decision to impose a digital services tax on US tech firms (www.cnbc.com)
4 days ago Trump Tax Canada

A look at Zhipu AI, the China-backed startup offering AI tools to governments globally, as OpenAI says Zhipu is on the “front line” of the global AI race (www.cnbc.com)
5 days ago China Startup AI

FHFA Director William Pulte orders Fannie Mae and Freddie Mac to explore crypto as an asset for single-family mortgage applications without converting it to USD (www.cnbc.com)
5 days ago mortgage Asset

Asana names LaunchDarkly CEO Dan Rogers as its new CEO starting on July 21, replacing co-founder Dustin Moskovitz, who is retiring and will remain board chair (www.cnbc.com)
5 days ago

Bumble plans to cut 30% of its workforce, or about 240 roles, and invest the ~$40M saved annually into new product and tech development; BMBL rises 20%+ (www.cnbc.com)
6 days ago

Data management software vendor Rubrik agrees to acquire Predibase, which helps with deploying AI models; source: Rubrik plans to pay between $100M and $500M (www.cnbc.com)
6 days ago AI

Digital Asset, which builds Canton Network, an open-source public blockchain for regulated financial institutions, raised $135M co-led by DRW and Tradeweb (www.cnbc.com)
7 days ago Blockchain Asset

Anthony Pompliano's ProCap raised $750M+, including $235M in convertible debt, and is going public via a SPAC; the new firm aims to hold up to $1B in bitcoin (www.cnbc.com)
8 days ago Bitcoin

Amazon launches its second batch of 27 Kuiper satellites to low Earth orbit via a ULA rocket, taking the total in orbit to 54 of its planned 3,236 constellation (www.cnbc.com)
8 days ago Amazon

Circle shares jumped over 20% on Friday as investors cheered the US Senate approval of the GENIUS Act, and have surged ~675% since the company's IPO on June 5 (www.cnbc.com)
10 days ago IPO Senate

Coinbase says it has secured a MiCA license from Luxembourg to offer crypto services across the EU, and will shift its European base from Ireland to Luxembourg (www.cnbc.com)
11 days ago Europe Ireland Coinbase

Sources: Meta tried to buy Safe Superintelligence earlier this year; Zuckerberg moved to recruit SSI CEO Daniel Gross after Ilya Sutskever rebuffed the offer (www.cnbc.com)
11 days ago Zuckerberg

Sources: Google is using its expansive library of YouTube videos to train Gemini and Veo 3; Google says it only uses a subset of videos for the training (www.cnbc.com)
12 days ago Google YouTube

Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26 (www.cnbc.com)
13 days ago Mobile Startup

The DOJ announces the seizure of $225.3M in crypto, the largest-ever US seizure of cryptocurrency linked to confidence schemes known as “pig butchering” (www.cnbc.com)
13 days ago Cryptocurrency

AWS says Anthropic's Claude Opus 4 launched on its Trainium2 GPUs, and Project Rainier, AWS' supercomputer built for Anthropic, uses 500K+ Trainium2 chips (www.cnbc.com)
13 days ago

The US Senate passes the Genius Act, which establishes a regulatory framework for stablecoins; the bill now heads to the House (www.cnbc.com)
14 days ago Senate

Sources: Meta and EssilorLuxottica plan AI-powered smart glasses under Oakley and Prada brands; they will be aimed at athletes, and the Oakleys may cost ~$360 (www.cnbc.com)
14 days ago AI

The US Defense Department awards a one-year $200M contract to OpenAI to develop AI tools for addressing challenges in “warfighting and enterprise domains” (www.cnbc.com)
14 days ago AI

Oracle stock jumped 24% this week, its best performance since 2001, and is up 29% in 2025, vs. Nasdaq's 1%, after the company reported cloud momentum (www.cnbc.com)
17 days ago Oracle

Amazon reorganizes its healthcare business into six “pillars” to simplify its structure, following executive departures and its struggles in the market (www.cnbc.com)
18 days ago Amazon

Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription (www.cnbc.com)
19 days ago U.S. Credit Card Coinbase

Chime opened at $43 in its Nasdaq debut on Thursday, after selling shares at $27 each in an IPO in which the neobank raised $700M and was valued at $11.6B (www.cnbc.com)
19 days ago IPO

Pittsburgh-based Gecko Robotics, which makes robots to inspect infrastructure, raised a $125M Series D at a $1.25B valuation, up from $633M in December 2023 (www.cnbc.com)
19 days ago Robot

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