Articles from www.cnbc.com

Articles from www.cnbc.com

Short seller Hindenburg shorts Carvana claiming the company's turnaround is a “mirage” that's being propped up by unstable loans and accounting manipulation (www.cnbc.com)
2025-1-3

In 2024, Intel had its worst year since going public in 1971, losing 61% of value; Broadcom stock soared 111%, its best performance ever, driven by AI revenue (www.cnbc.com)
2025-1-1 Intel AI

Alibaba cuts prices on its visual language model Qwen-VL by up to 85%, after cutting Qwen prices by as much as 97% in May, amid growing AI competition in China (www.cnbc.com)
2025-1-1 China Alibaba AI

How cloud computing, AI, and geopolitics could shape the evolution of ransomware, which could cost victims $265B annually by 2031, as the AIDS Trojan turns 35 (www.cnbc.com)
2024-12-30 AI

A look at Google's pressure-filled 2024 under Sundar Pichai, notching some AI wins with new Gemini models and navigating product mishaps, layoffs, and more (www.cnbc.com)
2024-12-29 Google AI Layoffs

Oracle's shares are up ~63% in 2024, lifting Larry Ellison's net worth to $217B+, as the company enjoyed its biggest stock rally since 1999 and the dot-com boom (www.cnbc.com)
2024-12-28 Oracle

OpenAI says the PBC will oversee commercial operations, and the nonprofit will hire staff to pursue charitable activities in health care, education, and science (www.cnbc.com)
2024-12-28 Education

AppLovin was 2024's top performing US tech stock, up 758% as of December 24, MicroStrategy was the second top performing, up 467%; Palantir was third, up 380% (www.cnbc.com)
2024-12-26

Analysis: roughly two-thirds of 39 public digital health companies have lost value in 2024, while the Nasdaq is up 32% (www.cnbc.com)
2024-12-26

Donald Trump announces Scott Kupor, a managing partner at a16z, will serve as director of OPM, and Michael Kratsios will serve as the White House OSTP director (www.cnbc.com)
2024-12-24 Trump

The CFPB sues Zelle operator EWS, JPMorgan Chase, BoA, and Wells Fargo, alleging that customers lost $870M+ to fraud since the launch of Zelle in 2017 (www.cnbc.com)
2024-12-21 JPMorgan

Chinese self-driving trucking company TuSimple rebrands to CreateAI, in a pivot to generative AI for video games and animation, and debuts its first model, Ruyi (www.cnbc.com)
2024-12-19 China AI

OpenAI rolls out a way to talk to ChatGPT by dialing 1-800-CHATGPT for 15 minutes of free access per month in the US or messaging it via WhatsApp globally (www.cnbc.com)
2024-12-19 WhatsApp

Salesforce says it will hire 2,000 people to sell AI software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000 staff (www.cnbc.com)
2024-12-18 AI Salesforce

Waymo plans to test its robotaxis in Tokyo in early 2025, its first international expansion, in partnerships with taxi operator Nihon Kotsu and taxi app GO (www.cnbc.com)
2024-12-17 Tokyo

At a meeting with Trump, Masayoshi Son says SoftBank will invest $100B and create 100K jobs in the US, largely via AI-focused jobs and infrastructure projects (www.cnbc.com)
2024-12-17 Trump AI

A look at Broadcom's path to $1T in market cap: stock up 760%+ after abandoning its $120B Qualcomm bid in 2018, three deals worth $10B+ after that, and more (www.cnbc.com)
2024-12-15

An inside look at TSMC's $20B Arizona fab, which the company says is “dang near back” on schedule and will produce 4nm chips at a rate of 20K wafers per month (www.cnbc.com)
2024-12-15

Cantor Fitzgerald settles US SEC charges for $6.75M over disclosures before its SPACs merged with smart glass maker View and geospatial data company Satellogic (www.cnbc.com)
2024-12-14

MicroStrategy, Palantir, and Axon will join the Nasdaq 100 index, effective before the market open on December 23; Super Micro will be removed from the index (www.cnbc.com)
2024-12-14

Private-credit firm Sixth Street commits $4B in capital for Affirm to underwrite short-term installment loans of between four and six months (www.cnbc.com)
2024-12-14

Broadcom shares jump 20%+ a day after the company reported Q4 results that showed strong AI revenue growth, pushing its market cap beyond $1T for the first time (www.cnbc.com)
2024-12-14 AI 4Q

ServiceTitan's shares closed up 42.25% at $101 in its Nasdaq debut, giving the company a market cap of about $8.9B after it raised around $625M in its IPO (www.cnbc.com)
2024-12-13 IPO

Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, forecasts Q1 revenue just above est.; AVGO jumps 9%+ after hours (www.cnbc.com)
2024-12-13 AI 4Q

Sublime, which uses AI to scan emails of companies and political campaigns for phishing attacks, raised a $60M Series B, taking its total raised to $93.8M (www.cnbc.com)
2024-12-13 AI

ServiceTitan, which offers cloud software to contractors, prices its IPO at $71 per share, above the expected range, raising ~$625M and valuing it at ~$6.3B (www.cnbc.com)
2024-12-12 IPO

The Nasdaq closes up 1.8% to pass 20,000 for the first time, pushing the tech-heavy index up 33% for the year; Alphabet, Amazon, and Meta close at record highs (www.cnbc.com)
2024-12-12 Amazon Alphabet

Oracle reports Q2 revenue up 9% YoY to $14.06B, vs. $14.1B est., says it made a deal with Meta for training Llama models on its cloud; ORCL down 6%+ after hours (www.cnbc.com)
2024-12-10 Oracle

Q&A with Trump's pick for FCC chairman Brendan Carr about the Salt Typhoon hack, Section 230, tech companies' “collusion to suppress speech”, Starlink, more (www.cnbc.com)
2024-12-7 Trump

Intel adds former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi to its board; both have significant semiconductor manufacturing experience (www.cnbc.com)
2024-12-6 Intel Manufacturing

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