FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan, a developer of corporate travel and expense software, expects its market cap to be as high as $6.5 billion in its IPO, according to an […]
Navan sets price range for IPO, expects market cap of up to $6.5 billion Read More »
Jensen Huang, CEO of Nvidia, speaking with CNBC’s Jim Cramer during a CNBC Investing Club with Jim Cramer event at the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Shares of Amazon, Nvidia and Tesla each dropped around 5% on Friday, as tech’s megacaps lost $770 billion in market cap, following
Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April Read More »
Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. Here’s how the company did compared to LSEG estimates: Loss per share: Loss of 7 cents vs. a loss of 13 cents
Applied Digital stock climbs 16% as AI demand fuels data center growth Read More »
Campus, a college startup backed by Sam Altman, has hired Meta‘s former AI Vice President Jerome Pesenti as its technology head, the company announced Friday. As part of the deal, Campus will buy Pesenti’s artificial intelligence learning platform Sizzle AI for an undisclosed amount and integrate its personalized AI-generated educational content already used by 1.7
Shaq, Sam Altman-backed college startup Campus taps former Meta AI head as CTO Read More »
Singapore authorities are investigating artificial intelligence computing firm Megaspeed, a customer of American AI chipmaker Nvidia, for allegedly helping Chinese companies evade curbs on U.S. chip exports. “The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws,” the police told CNBC in an email. The probe comes
Singapore police probe Nvidia customer Megaspeed over alleged China export violations Read More »
An illustration photo shows Sora 2 logo on a smartphone. Cfoto | Future Publishing | Getty Images The Creative Artists Agency on Thursday slammed OpenAI’s new video creation app Sora for posing “significant risks” to their clients and intellectual property. The talent agency, which represents artists including Doja Cat, Scarlett Johanson, and Tom Hanks, questioned
Talent agency CAA slams OpenAI’s Sora for posing ‘significant risk’ to its clients Read More »
Google’s former CEO Eric Schmidt spoke at the Sifted Summit on Wednesday 8, October. Bloomberg | Bloomberg | Getty Images Google‘s former CEO Eric Schmidt has issued a stark reminder about the dangers of AI and how susceptible it is to being hacked. Schmidt, who served as Google’s chief executive from 2001 to 2011, warned
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google is continuing to put restrictions on remote work, this time with a popular policy called “Work from Anywhere” that was established during the
Google adds limits to ‘Work from Anywhere’ policy that began during Covid Read More »
The CEO of AI data firm Snowflake isn’t letting the stock market distract him from ambitions to become “one of the great technology companies in this world,” he told CNBC. The company — a cloud data storage platform — made history when it became the largest-ever software IPO when it went public five years ago, and its
Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning. “This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.” The CEO of the AI chip leader was answering a question
Nvidia’s Huang says AI computing demand is up ‘substantially’ in the last 6 months Read More »
