The upcoming commercial agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. “Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday. […]
Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI on Thursday said its nonprofit parent will continue to have oversight over the
OpenAI says nonprofit parent will own equity stake in company of over $100 billion Read More »
Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025. Victor J. Blue | Bloomberg | Getty Images Warner Bros. Discovery shares soared more than 25% Thursday afternoon on a report from the The Wall Street Journal that the recently merged Paramount Skydance was preparing a takeover bid. Shares
Alphabet’s health tech subsidiary Verily used the health data of more than 25,000 patients without authorization and actively covered up those violations, a former company executive alleges. The executive, Ryan Sloan, claims Verily fired him after he discovered breaches of the Health Insurance Portability and Accountability Act, or HIPAA, and reported his concerns to the
Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit Read More »
Former Milwaukee Bucks co-owner Marc Lasry said he doesn’t believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA’s salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021 “It’s not something I would ever believe,” Lasry told CNBC in an exclusive interview. “I’ve always found him to
EverPass Media has inked a deal with Disney‘s ESPN to distribute live games and other content from its ESPN+ streaming service to bars, restaurants and other commercial establishments in the U.S. The deal bulks up EverPass’ offering of live sports streaming to businesses. EverPass already provides the NFL’s “Sunday Ticket” package, as well as all
ESPN inks deal with EverPass Media to bring ESPN+ to bars, restaurants Read More »
Jaque Silva | Nurphoto | Getty Images Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the artificial intelligence startup had illegally accessed their books. The company will pay roughly $3,000 per book plus interest, and agreed to destroy the datasets containing
Anthropic agrees to pay $1.5 billion to settle authors’ copyright lawsuit Read More »
Rashee Rice #4 of the Kansas City Chiefs reacts with the NBC Sunday Night Football Player of the Game football following the win against the Atlanta Falcons at Mercedes-Benz Stadium on September 22, 2024 in Atlanta, Georgia. Todd Kirkland | Getty Images Sport | Getty Images The NFL season officially starts on Thursday, and Comcast’s
NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots Read More »
Sen. Rand Paul, R-Ky., on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month that the U.S. government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a
Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’ Read More »
Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels walks to a session at the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images By day, Gunnar Wiedenfels is the chief financial officer of Warner Bros. Discovery and the CEO-elect of Discovery Global, one half of
