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Chance of AI market correction is ‘pretty high,’ says ex-Meta exec Nick Clegg as he pushes back on superintelligence

Chance of AI market correction is ‘pretty high,’ says ex-Meta exec Nick Clegg as he pushes back on superintelligence

File: Meta President Global Affairs Nick Clegg speaks during a press conference at the Meta showroom in Brussels on December 07, 2022. Kenzo Tribouillard | Afp | Getty Images The chance of a market correction in the artificial intelligence sector is “pretty high,” former Meta executive and British politician Nick Clegg warned on Wednesday, as […]

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CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns

CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns

U.S. Treasury Secretary Scott Bessent adjusts his glasses during a meeting with U.S. President Donald Trump and President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC. Kevin Dietsch | Getty Images China has been using its dominance in the rare earth industry to slash

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TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge

TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge

The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Company on Thursday reported a 39.1% increase in third-quarter profit from last year, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong. Here are the company’s results versus

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Thirsty AI mega projects raise alarm in some of Europe’s driest regions

Thirsty AI mega projects raise alarm in some of Europe’s driest regions

Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025. Bloomberg | Bloomberg | Getty Images Europe’s ambitious artificial intelligence strategy is at risk of colliding with an often overlooked but critically important environmental issue: water scarcity. The European Union has big plans

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FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks

FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks

People walk past a PCCW sign in Hong Kong. Mike Clarke | AFP | Getty Images Regulators in the U.S. have moved to block one of Hong Kong’s largest telecommunications companies from accessing domestic networks, citing national security concerns. The U.S. Federal Communications Commission announced on Wednesday that it had initiated proceedings to potentially bar

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CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war

CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war

U.S. Treasury Secretary Scott Bessent speaks as he and U.S. Trade Representative Jamieson Greer hold a press conference on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., Oct. 15, 2025. Ken Cedeno | Reuters China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors

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U.S. federal AI regulation is on the way, Sen. Marsha Blackburn says, regardless of big tech opposition

U.S. federal AI regulation is on the way, Sen. Marsha Blackburn says, regardless of big tech opposition

As U.S. states start to react to growing constituent concerns around the risks associated with artificial intelligence use, Tennessee Republican Sen. Marsha Blackburn said moving forward with a federal preemption standard is “imperative.” Earlier this week, California Gov. Gavin Newsom signed a series of bills focused on those concerns — while also vetoing some strict

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Arm CEO says moving some AI workloads from the cloud will make it more sustainable

Arm CEO says moving some AI workloads from the cloud will make it more sustainable

Arm Holdings CEO Rene Haas told CNBC’s Jim Cramer on Wednesday that moving some AI functions away from the could help reduce energy usage. Over time, he suggested, a large number of multi-gigawatt data centers won’t be sustainable. “You look to yourself, well, what are the kind of things that need to happen? I think

Arm CEO says moving some AI workloads from the cloud will make it more sustainable Read More »

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