SoftBank Group's concentrated investments in OpenAI have driven a 70% share rally this year but also raised borrowing and credit concerns, with S&P Global Ratings revising the conglomerate's credit ou…
Uber is eliminating 23% of positions in its People and Places division, the unit responsible for human resources, recruitment, and workplace facilities, under newly promoted president Jill Hazelbaker.…
OpenAI CEO Sam Altman met with White House officials and congressional leaders in Washington, D.C., including House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries, an OpenAI spokespers…
Duke Energy CEO Harry Sideris forecasts U.S. electricity demand will grow at ten times the historic rate, driven by AI data centers and electrification. The company is backing that projection with a $…
Perplexity AI CEO Aravind Srinivas told CNBC on Wednesday that the winner of the artificial intelligence race will be determined by which company delivers the highest "value per watt per user," priori…
Perplexity CEO Aravind Srini told CNBC that the decisive factor in the AI race will be the economic value delivered per unit of compute, placing cost efficiency above raw performance. Srini argued tha…
Anthropic is expanding access to its Claude Mythos vulnerability detection model to approximately 150 additional organizations through Project Glasswing, bringing the total to about 200 groups. The in…
President Donald Trump signed an executive order on June 2, 2026, creating a voluntary framework for federal review of advanced AI systems before public release, asking developers to provide governmen…
Microsoft unveiled MAI-Thinking-1, a 35-billion-parameter reasoning model, and MAI-Code-1-Flash, a 5-billion-parameter coding model, at Build 2026. MAI-Code-1-Flash is integrated into GitHub Copilot a…
Palo Alto Networks topped Wall Street's third-quarter estimates with adjusted earnings of $0.85 per share on $3.00 billion in revenue, a 31% year-over-year increase, and raised its full-year guidance.…
Versant Media, the media company spun off from NBCUniversal that owns MS NOW and CNBC, has invested in microdrama streaming platform GammaTime as part of a Series A funding round. The partnership will…
TipRanks compiled recommendations from Wall Street analysts highlighting three stocks positioned to benefit from AI-driven demand, with CNBC identifying Datadog as a top pick after the company reporte…
Elon Musk is considering merging SpaceX and Tesla, a deal that would create a combined company valued at $3.4 trillion, making it the fifth most valuable publicly-traded firm globally. Despite the mas…
A developer built a production-grade Market Sentiment API that ingests unstructured global financial news feeds, parses entities, and determines sentiment polarity to expose machine-readable market si…
Foundation Future Industries, a San Francisco startup founded in 2024, deployed two Phantom MK-1 humanoid robots to Ukraine earlier this year for logistics testing in combat zones, marking the first k…
Software stocks surged in late May, led by Snowflake and Okta, as investors rewarded companies with visible AI strategies, with the iShares software ETF rising 8% for the week and closing May up 21%—i…
Dell Technologies reported quarterly revenue up nearly 88% year over year, driven by AI server revenue that surged 757% to $16.1 billion, according to CNBC. Adjusted earnings per share of $4.86 beat c…
SentinelOne shares fell 12% after the company announced plans to cut 8% of its full-time workforce to focus on artificial intelligence and data investments. CEO Tomer Weingarten told analysts the layo…
Andy Burnham, Mayor of Greater Manchester and a challenger to Prime Minister Keir Starmer, called for tighter regulation of AI, Big Tech, and key industries in a Times article, warning that regulatory…
The European Commission announced on May 29, 2026, that it will intensify discussions with the U.S. administration regarding advanced AI models with cyber capabilities, following concerns over Anthrop…