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PayPal’s crypto partner mints a whopping 0 trillion stablecoins in ‘technical error’

PayPal’s crypto partner mints a whopping $300 trillion stablecoins in ‘technical error’

Technology News

A Paypal logo is seen displayed on a smartphone next to cryptocurrency coins. Sopa Images | Lightrocket | Getty Images Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.”  Market watchers had spotted the enormous injection of the […]

PayPal’s crypto partner mints a whopping $300 trillion stablecoins in ‘technical error’ Read More »

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

Technology News

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

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

The Abu Dhabi investor that’s funding AI while trying to save TikTok — with help from Trump

The Abu Dhabi investor that’s funding AI while trying to save TikTok — with help from Trump

Technology News

UAE National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan meets with U.S. President Donald Trump in the White House on March 18, 2025. Courtesy: Donald J. Trump | Via Truth Social As artificial intelligence startups raise increasingly large sums of cash to fund their swelling infrastructure needs, they’re turning to strategic partners like Nvidia

The Abu Dhabi investor that’s funding AI while trying to save TikTok — with help from Trump Read More »

Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people

Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people

Technology News

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024.  Kent Nishimura | Bloomberg | Getty Images The era of artificial intelligence on Wall Street, and its impact on

Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people Read More »

A guide to the trillion-worth of AI deals between OpenAI, Nvidia and others

A guide to the $1 trillion-worth of AI deals between OpenAI, Nvidia and others

Technology News

Many predict that the artificial intelligence boom will dramatically change how people live and work, and the scale and pace of recent AI deals seems to reflect this. At the center are a handful of companies that are increasingly turning to each other to finance and build out the necessary infrastructure. ChatGPT-maker OpenAI alone has

A guide to the $1 trillion-worth of AI deals between OpenAI, Nvidia and others Read More »

Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk

Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk

Technology News

A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Broadcom’s boon OpenAI made its

Big bank earnings, Broadcom’s OpenAI chip deal, record-high car prices and more in Morning Squawk Read More »

Broadcom stock soars 10% on OpenAI custom chip deal, adding to Nvidia and AMD agreements

Broadcom stock soars 10% on OpenAI custom chip deal, adding to Nvidia and AMD agreements

Technology News

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Weeks after Broadcom‘s stock shot up on the disclosure of a $10 billion customer that analysts said was OpenAI, the two

Broadcom stock soars 10% on OpenAI custom chip deal, adding to Nvidia and AMD agreements Read More »

Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns

Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns

Technology News

A Xiaomi electric car SU7 in a store in Yichang, Hubei Province, China on July 19, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its shares fall over 5% on Monday, following reports that the doors of one of its electric vehicles failed to open after a fiery crash in

Xiaomi shares see biggest drop since April after fatal EV crash sparks safety concerns Read More »

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