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Intel in talks with other large investors for equity boost at discount, sources say

Intel in talks with other large investors for equity boost at discount, sources say

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC’s David Faber. Intel stock slid more than […]

Intel in talks with other large investors for equity boost at discount, sources say Read More »

Epic touts new AI tools for patients and doctors at company’s annual meeting

Epic touts new AI tools for patients and doctors at company’s annual meeting

Visitors attend UGM 2025. Courtesy of Epic Space travelers, robots and, of course, artificial intelligence. They were all on display on Tuesday at Epic Systems’ annual Users Group Meeting, held at the health software giant’s 1,670-acre campus in Verona, Wisconsin. Judy Faulkner, Epic’s 82-year-old CEO, dressed for the occasion in a purple wig with neon

Epic touts new AI tools for patients and doctors at company’s annual meeting Read More »

Databricks says it’s valued at over 0 billion in latest funding round

Databricks says it’s valued at over $100 billion in latest funding round

Ali Ghodsi, CEO of Databricks speaks on CNBC. CNBC Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance

Databricks says it’s valued at over $100 billion in latest funding round Read More »

Apple reportedly ups iPhone production in India as country’s Russia ties roil White House

Apple reportedly ups iPhone production in India as country’s Russia ties roil White House

Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering”

Apple reportedly ups iPhone production in India as country’s Russia ties roil White House Read More »

Silicon Valley’s AI deals are creating zombie startups: ‘You hollowed out the organization’

Silicon Valley’s AI deals are creating zombie startups: ‘You hollowed out the organization’

Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in

Silicon Valley’s AI deals are creating zombie startups: ‘You hollowed out the organization’ Read More »

Shein reportedly weighs moving back to China to gain approval for Hong Kong IPO

Shein reportedly weighs moving back to China to gain approval for Hong Kong IPO

Jonathan Raa | Nurphoto | Getty Images Shein is considering moving its headquarters back to China from Singapore in a bid to convince Beijing authorities to approve the online fast-fashion company’s Hong Kong initial public offering, according to a Bloomberg report on Tuesday.  The report said that Shein had gone so far as to consult

Shein reportedly weighs moving back to China to gain approval for Hong Kong IPO Read More »

Trump warned by top Senate Democrats to rethink advanced AI chip sales to China

Trump warned by top Senate Democrats to rethink advanced AI chip sales to China

Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025. Jim Watson | AFP | Getty Images Six Senate Democrats on Friday released an open letter asking President Donald Trump to reconsider his decision to allow tech giants Nvidia and Advanced

Trump warned by top Senate Democrats to rethink advanced AI chip sales to China Read More »

Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties

The Applied Materials logo on Dec. 17, 2024. Nurphoto | Nurphoto | Getty Images Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here’s how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS:

Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties Read More »

Bitcoin touches record, ether almost makes new high before rolling over

Bitcoin touches record, ether almost makes new high before rolling over

Ether and bitcoin. Yuriko Nakao | Getty Images Bitcoin hit a new record late Wednesday as ether climbed even closer to its all-time high. The flagship cryptocurrency rose as high as $124,496, surpassing its July record of 123,193.63, according to Coin Metrics. Ether rose to $4,791.19 overnight, edging closer to its 2021 record of $4,866.01.

Bitcoin touches record, ether almost makes new high before rolling over Read More »

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