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Finance News

Elon Musk’s xAI raising billion at 0 billion valuation: sources

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources

Finance News

Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources with direct knowledge of the situation told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 […]

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources Read More »

Navan, corporate travel and expense startup, files for IPO

Navan, corporate travel and expense startup, files for IPO

Finance News

Navan, the business travel, payments, and expense management startup, filed on Friday afternoon to go public. Its S-1 filing with the Securities and Exchange Commission indicates that the company plans to list on the Nasdaq Global Select Market under the symbol “NAVN.” Navan reported trailing 12-month revenue of $613 million (up 32%) across over 10,000

Navan, corporate travel and expense startup, files for IPO Read More »

Top Amazon reseller Pattern opens at .50 in Nasdaq debut after IPO raised 0 million

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million

Finance News

E-commerce firm Pattern Group’s co-founder and CEO David Wright, his co-founder, Chief Strategy Officer and wife Melanie Alder, and the staff members attend the company’s IPO at the Nasdaq market in New York City, U.S., Sept. 19, 2025. Angelina Katsanis | Reuters Pattern Group, one of the leading resellers on Amazon, took the plunge into

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million Read More »

Nvidia just spent over 0 million to hire Enfabrica CEO, license AI startup’s technology

Nvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology

Finance News

Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show in Paris on June 11, 2025. Chesnot | Getty Images Entertainment | Getty Images Nvidia has just shelled out over $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the artificial intelligence hardware

Nvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology Read More »

CrowdStrike pops 12% on upbeat long-term guidance at investor day

CrowdStrike pops 12% on upbeat long-term guidance at investor day

Finance News

CrowdStrike logo is seen in this illustration taken July 29, 2024. Dado Ruvic | Reuters CrowdStrike shares popped more than 12%, a day after the cybersecurity firm issued better-than-expected long-term guidance at its investor day. The company on Wednesday said it expects net new annual recurring revenues to grow at least 20% in 2027, ahead

CrowdStrike pops 12% on upbeat long-term guidance at investor day Read More »

Nvidia CEO Huang says billion stake in rival Intel will be ‘an incredible investment’

Nvidia CEO Huang says $5 billion stake in rival Intel will be ‘an incredible investment’

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 Nvidia CEO Jensen Huang said that the company’s $5 billion investment and technology collaboration with Intel comes after the two companies held discussions for nearly a year. Huang said that he communicated personally

Nvidia CEO Huang says $5 billion stake in rival Intel will be ‘an incredible investment’ Read More »

Meta product chief Chris Cox says smart glasses are the future of computing

Meta product chief Chris Cox says smart glasses are the future of computing

Finance News

Meta Chief Product Officer Chris Cox said on Thursday that smart glasses are the future of computing devices. “We talk to them, we will see with them, we will use gestures the same way we interact with each other to interact with our computers,” Cox told CNBC’s Julia Boorstin. “The interfaces will get more natural, and so

Meta product chief Chris Cox says smart glasses are the future of computing Read More »

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