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Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

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Mustafa Suleyman, CEO of Microsoft AI and then CEO and co-founder of Inflection AI, speaks during the Axios BFD event in New York on Oct. 12, 2023. Brendan Mcdermid | Reuters Microsoft on Thursday said it’s forming a team that will be tasked with performing advanced artificial intelligence research. Mustafa Suleyman, CEO of the Microsoft […]

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Datadog’s stock soars 20% on revenue beat, strong forecast

Datadog’s stock soars 20% on revenue beat, strong forecast

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Omar Marques | SOPA Images | Lightrocket | Getty Images Datadog shares jumped 20% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter. The company reported revenue of $885.7 million, which was up 28% year over year, and topped the $852.8

Datadog’s stock soars 20% on revenue beat, strong forecast Read More »

Qualcomm reports earnings, revenue beat and issues strong forecast

Qualcomm reports earnings, revenue beat and issues strong forecast

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Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $3.00 adjusted vs. $2.88 expected Revenue: $11.27 billion vs. $10.79 billion expected Revenue rose 10% from $10.24 billion a year earlier, Qualcomm

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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue

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Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the

Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue Read More »

Matthew McConaughey, Ryan Reynolds-backed password manager tops 0 million in ARR on AI tail winds

Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds

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Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughy Reuters Cybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday. “We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up

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Family offices make fewer deals but still flock to AI startup mega-rounds

Family offices make fewer deals but still flock to AI startup mega-rounds

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Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,

Family offices make fewer deals but still flock to AI startup mega-rounds Read More »

Lucid misses Wall Street expectations, narrows production guidance

Lucid misses Wall Street expectations, narrows production guidance

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Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship

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Doordash stock tanks 20% as company misses earnings, says it expects further spending

Doordash stock tanks 20% as company misses earnings, says it expects further spending

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A DoorDash bag on a bicycle in New York, US, on Tuesday, May 6, 2025. Yuki Iwamura | Bloomberg | Getty Images DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million Dollars” on new initiatives and development in 2026. The stock plummeted 20% following the report. Here’s

Doordash stock tanks 20% as company misses earnings, says it expects further spending Read More »

New bipartisan bill would require companies to report AI job losses

New bipartisan bill would require companies to report AI job losses

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A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters A new bipartisan bill seeks to

New bipartisan bill would require companies to report AI job losses Read More »

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