Microsoft stock rose while Meta stock fell after both reported quarterly earnings, as investors showed impatience with AI spending. Microsoft posted Q4 2026 revenue of $90 billion, up 18%, and adjuste…
OpenAI CFO Sarah Friar told employees on July 29 that annualized recurring revenue in July exceeded the entire second quarter, according to CNBC, but the company did not disclose a dollar figure or de…
OpenAI's annualized revenue run rate (ARR) in July exceeded the company's total revenue for the entire second quarter, CFO Sarah Friar told employees, according to a report from CNBC.…
Chip stocks lost more than $1 trillion in value as a selloff hit AI companies, according to CNBC. The decline affected major players including SK Hynix, Samsung, and SoftBank.…
Meta's free cash flow plunged 91% to $784 million in Q2 2026 as AI capital spending surged to about $31 billion for the quarter, while revenue rose 28% to $60.8 billion but profit fell 14% to $15.8 bi…
Microsoft's Azure cloud business surpassed $100 billion in annual revenue for the first time, with Azure and other cloud services growing 43% year over year in the quarter ending June 30, 2026, beatin…
Henry Chu, a prize-winning veteran foreign correspondent and editor, has been named curator of the Nieman Foundation for Journalism at Harvard University, effective Aug. 3. Chu, a Harvard graduate and…
Visa is cutting about 2,600 jobs, roughly 7% of its staff, mostly from technology and product teams, and reinvesting the savings into consumer payments, cross-border activity, business payments and st…
Visa is cutting approximately 2,600 jobs, or 7% of its global workforce, as CEO Ryan McInerney's internal memo signals a major shift toward AI-driven efficiency and reinvestment in growth areas. The r…
South Korea's Kospi stock index fell 6% on Wednesday, down over 32% in the last month, driven by investor jitters over AI chipmakers SK Hynix and Samsung Electronics. SK Hynix closed over 9.6% down af…
The Federal Communications Commission added advanced robotic devices and connected power inverters to its Covered List on Tuesday, effectively banning new imports of foreign-made robots and inverters …
TSMC is accelerating its Arizona factory build-out to capitalize on the artificial intelligence 'megatrend', according to a CNBC report. The chipmaker is expanding capacity at its Fab 21 facility in P…
Starbucks scrapped an AI inventory tool built by startup NomadGo across all 11,300 company-operated North American stores by 18 May, blindsiding the 30-person vendor and leading to layoffs. The tool, …
A potential slowdown in the AI investment boom is emerging as capital spending shifts, with UBS estimating global AI investments will reach $500 billion in 2026. CNBC reported that investors are rotat…
Microsoft Corp. announced a new cybersecurity AI model that, when integrated with OpenAI's GPT-5.4, outperforms Anthropic's Mythos 5, according to a CNBC report. The company claims the model reduces c…
OpenAI slashed the Max-tier reasoning budget on its newly launched GPT-5.6 Sol from 960 to 128 — an 87% cut — four days after launch without any announcement, then called it an experiment when develop…
CNBC's Jim Cramer warned that Nvidia's reported backing of OpenAI's data center expansion echoes the circular financing arrangements that preceded the dot-com crash, drawing parallels between the AI i…
Nvidia Corp. is in talks to backstop a $250 billion loan for OpenAI Group PBC to finance a new data center campus in Ohio, which is expected to provide 10 gigawatts of computing capacity, equal to the…
Nvidia and OpenAI are in talks to create a backstop of up to $250 billion to fund AI infrastructure plans, including a data center campus in Pike County, Ohio, according to CNBC. The backstop would al…
Over 2,000 proposals aim to govern AI, but none address a long-term regulatory framework, according to a CNBC op-ed arguing that AI cannot be regulated by the invisible hand of the market and requires…