Articles from www.cnbc.com

Articles from www.cnbc.com

European Data Center Association Chair says lowering water temperatures to cool AI data centers is “incompatible” with the EU's new Energy Efficiency Directive (www.cnbc.com)
2024-10-30 Europe Energy AI

Reddit Q3: revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est, ARPU of $3.58, vs. $3.24 est.; RDDT jumps 20%+ after hours (www.cnbc.com)
2024-10-30 Reddit

Snap reports Q3 revenue up 15% YoY to $1.37B vs. $1.36B est., DAUs up 9% YoY to 443M, issues light Q4 guidance, and announces $500M stock repurchase program (www.cnbc.com)
2024-10-30 4Q

Google Cloud Q3 revenue grew 35% YoY to $11.4B, vs. $10.88B est., led by growth across AI Infrastructure, Generative AI Solutions, and core GCP products (www.cnbc.com)
2024-10-30 Google AI

Microsoft says Google runs “shadow campaigns” to discredit it with regulators in Europe, including organizing an “astroturf group” with European cloud providers (www.cnbc.com)
2024-10-29 Europe Google Microsoft

Robinhood says US users that meet a certain criteria can trade a Kamala Harris or Donald Trump contract via its Robinhood Derivatives unit and ForecastEx (www.cnbc.com)
2024-10-29 Trump

Filing: Satya Nadella earned $79.1M during the FY ending June 30, up from $48.5M a year ago; compensation was reduced by $5M+ due to Microsoft's security issues (www.cnbc.com)
2024-10-26 Microsoft

LinkedIn says it has verified 55M+ users for free, the most verified individual human identities of any social network, to combat AI-fueled misinformation (www.cnbc.com)
2024-10-26 LinkedIn AI

Waymo closed a $5.6B Series C led by Alphabet to expand its robotaxi service in and beyond LA, San Francisco, and Phoenix, bringing its total funding to $11.1B (www.cnbc.com)
2024-10-26 San Francisco Alphabet

IBM reports Q3 revenue up 1% YoY to $14.97B, vs. $15.07B est., and says bookings for AI consulting and software have exceeded $3B, up more than $1B QoQ (www.cnbc.com)
2024-10-24 IBM AI

Accel: Klarna alumni have founded 62 new startups, more than any $1B+ European fintech startup; Revolut alumni founded 49, and Wise and N26 alumni had 33 each (www.cnbc.com)
2024-10-22 Europe Fintech Startup

Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B (www.cnbc.com)
2024-10-18 Intel

Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B (www.cnbc.com)
2024-10-18 Netflix

Unity announces the Unity 6 game engine, emphasizing stability, updates, and the ability to support hundreds of players in the same virtual world simultaneously (www.cnbc.com)
2024-10-18

Accel: VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B in 2024, with 40% of the funding going to generative AI startups (www.cnbc.com)
2024-10-17 Europe Israel Startup AI

Amazon signs three deals to help develop small modular nuclear reactors in the US, with Amazon's Climate Pledge Fund leading a $500M Series C-1 for X-energy (www.cnbc.com)
2024-10-17 Amazon Energy Climate

AMD launches its Instinct MI325X GPU to compete with Nvidia's upcoming Blackwell chips and says production will start in 2024, but doesn't disclose its pricing (www.cnbc.com)
2024-10-15 Nvidia AMD

Sources detail Meta's work on an Orion consumer version that could be built within two years, plans to bring Orion wristband tech to its other devices, and more (www.cnbc.com)
2024-10-15

Nvidia-backed cloud GPU provider CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months (www.cnbc.com)
2024-10-15 Nvidia Equity

Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ (www.cnbc.com)
2024-10-4 JPMorgan

Analysis: Microsoft's finance leases, commencing between FY 2025 and FY 2030, mainly for data centers, has risen by $100B+ in less than two years to $108.4B (www.cnbc.com)
2024-10-3 Microsoft

AI chip startup Cerebras Systems files for an IPO, with plans to trade on the Nasdaq as CBRS, and reports a net loss of $66.6M on $136.4M in sales in H1 2024 (www.cnbc.com)
2024-10-1 IPO Startup AI

In an email to OpenAI's investors, CFO Sarah Friar says the company's current funding round was oversubscribed and is set to close next week (www.cnbc.com)
2024-9-27

Source: at an all-hands meeting, Sam Altman said there were no plans for him to get a “giant equity stake” in OpenAI, calling the information “just not true” (www.cnbc.com)
2024-9-27 Equity

SK Hynix starts mass producing its new 12-layer HBM3E chips with 36GB per chip capacity, up 50% from its previous gen, slated for delivery by the end of 2024 (www.cnbc.com)
2024-9-26

The FTC announces a crackdown on “deceptive AI claims and schemes” by companies including legal services firm DoNotPay, which claimed to offer a “robot lawyer” (www.cnbc.com)
2024-9-26 AI Robot

OpenAI CTO Mira Murati says she's leaving the company “to create the time and space to do my own exploration” (www.cnbc.com)
2024-9-26

Collaboration software maker Smartsheet agrees to be acquired by Blackstone and Vista Equity Partners for $8.4B in cash, or $56.50/share, closing in early 2025 (www.cnbc.com)
2024-9-24 Equity

Warner Bros. Discovery partners with Google to add its “caption AI”, built on Vertex AI, to Max to automatically generate captions for unscripted programming (www.cnbc.com)
2024-9-24 Google AI programming

Amazon launches Amelia, an AI tool to help third-party sellers resolve account issues and fetch sales and inventory data, in beta for select US sellers (www.cnbc.com)
2024-9-19 Amazon AI

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