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OpenAI acquires Statsig for .1 billion, brings on CEO as applications executive

OpenAI acquires Statsig for $1.1 billion, brings on CEO as applications executive

Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC OpenAI continued its spending spree, announcing on Tuesday that it’s acquired Statsig, a product development startup, for $1.1 billion. Statsig helps […]

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Anthropic raises billion funding round at 3 billion valuation

Anthropic raises $13 billion funding round at $183 billion valuation

Finance News

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Anthropic on Tuesday announced it has closed a $13 billion funding round at a $183 billion post-money valuation, roughly triple what the artificial intelligence startup was worth as of its last

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Amazon cracks down on Prime free shipping sharing

Finance News

A worker prepares orders at an Amazon.com Inc. fulfillment center. Jason Alden | Bloomberg | Getty Images Amazon is eliminating a program that allows members of its Prime subscription program to share free shipping benefits with people outside their household. The company began notifying users in recent days that it plans to end the Prime

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Bitcoin bucks stock market downtrend but lags gold rally

Finance News

Romain Costaseca | Afp | Getty Images Bitcoin edged higher on Tuesday as stocks fell and gold shot to a new record. The price of so-called digital gold rose as much as 2% to reclaim the $111,000 level after dropping over the weekend to a low last seen in July. Spot gold hovered around $3,500

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Klarna aims to raise up to .27 billion in U.S. IPO

Klarna aims to raise up to $1.27 billion in U.S. IPO

Finance News

The Klarna Bank AB logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 30, 2024. Nurphoto | Nurphoto | Getty Images Swedish fintech firm Klarna is looking to raise up to $1.27 billion in its long-awaited U.S. initial public offering, according to an official filing out on Tuesday.

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Alibaba shares jump 19% on cloud unit acceleration, report of new AI chip

Finance News

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant’s cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development.

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Alibaba’s Hong Kong shares jump nearly 19% as AI boom drives cloud unit sales

Finance News

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Hong Kong-listed shares of Alibaba Group Holdings surged as much as 18.84% Monday, thanks to its better-than-expected bottom line in the June quarter, fueled by accelerated sales at its cloud-computing unit and a continued revival

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Musk companies sue Apple, OpenAI alleging anticompetitive scheme

Finance News

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Two of Elon Musk’s companies sued Apple and OpenAI on Monday, accusing the pair of an “anticompetitive scheme” to thwart AI rivals. The lawsuit, filed by

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Nvidia faces Wall Street’s high expectations two years into AI boom

Finance News

Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters It’s been two years since the explosion of generative artificial intelligence started to transform Nvidia’s business. Since then, the chipmaker’s revenue has more than tripled and profits have quadrupled. Nvidia‘s second-quarter earnings report,

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Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally

Finance News

Jakub Porzycki | NurPhoto | Getty Images Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021. The price of the second largest cryptocurrency rose as high as $4,954.81 on Sunday afternoon. It was last higher by less than 1% at $4,776.46. Meanwhile, bitcoin

Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally Read More »

OpenAI acquires Statsig for $1.1 billion, brings on CEO as applications executive

Anthropic raises $13 billion funding round at $183 billion valuation

Amazon cracks down on Prime free shipping sharing

Bitcoin bucks stock market downtrend but lags gold rally

Klarna aims to raise up to $1.27 billion in U.S. IPO

Musk companies sue Apple, OpenAI alleging anticompetitive scheme

Nvidia faces Wall Street’s high expectations two years into AI boom

Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally

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