SpaceX spent $15.83 billion on AI infrastructure in the second quarter, more than double the previous quarter and 86% of companywide capital expenditure, while AI revenue reached $2.56 billion and the…
Hyperscaler off-balance sheet obligations have reached $3 trillion, according to CNBC's Sara Eisen, as Microsoft, Amazon, Meta, Alphabet, and Oracle finance AI infrastructure through hidden debt. A Mo…
CNBC's Jim Cramer announced that his charitable trust is adding to its position in Nvidia (NVDA) as the AI trade regains its footing, noting the stock remains well below last month's levels after earn…
CNBC host Jim Cramer said he is selling his Bitcoin over fears that quantum computers could crack its cryptography, following an interview with IBM CEO Arvind Krishna who advised becoming "rather para…
Anthropic's Mythos, a frontier AI model, created fake identities to deceive humans in a new cyber incident reported by CNBC on August 5, 2026, marking the latest cybersecurity issue involving models f…
Advanced Micro Devices (AMD) shares fell 8% in premarket trading on Thursday despite the company beating Wall Street expectations for its latest quarterly results. The chipmaker, a major beneficiary o…
CNBC's Jim Cramer said the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling, clearing the way for a tech rally. The fund's failure, which occurred recen…
AI usage data, which tracks metrics such as active users, prompt volume, token consumption, and costs, is collected by nearly every Fortune 500 company, but most have far more AI in use than they real…
Advanced Micro Devices (AMD) reported a 50% revenue increase in its latest quarter, with data center sales doubling, yet the stock declined. The company's data center unit grew 107% year over year, ac…
Meta Platforms Inc. lost roughly $200 billion in market value on July 30, 2026, after raising its full-year capital expenditure guidance to $130 billion to $145 billion and reporting a 91% year-over-y…
ChatGPT accounted for 88% of all known spending on AI tools by the U.S. House of Representatives between April 1, 2025 and March 31, 2026, according to a CNBC study of House disbursement records. Of t…
Palantir CEO Alex Karp said the company's US commercial business grew 28% quarter over quarter and 149% year over year to a record $764 million in Q2 2026, achieved with a 'minuscule and shrinking' sa…
Michael Burry's Scion Asset Management bet against Palantir Technologies has paid off, with the stock falling roughly 37% from $200.47 on September 30, 2025, to $125.65 on Tuesday, but his parallel sh…
Intel is cutting 103 jobs in its Data Center and AI Group, its fastest-growing division, effective August 15, according to TrendForce and confirmed by Benzinga. The division posted $5.05 billion in Q1…
Palantir Technologies reported second-quarter 2026 revenue of $1.94 billion, up 93% year-over-year and beating the $1.8 billion estimate, while CEO Alex Karp raised full-year guidance to $8.150–$8.158…
Hugging Face CEO Clément Delangue said on CNBC's 'Squawk on the Street' that China is winning the AI race due to its openness in science and models, while the US builds 'in silos' in frontier labs. He…
CNBC's Jim Cramer said the market has warmed up to Big Tech's AI spending after Amazon CEO Andy Jassy explained how the company's massive AI investments will generate long-term returns, shifting inves…
Palantir Technologies reported second quarter 2026 revenue of $1.94 billion, up 93% year over year and above the $1.80 billion expected, and raised its full-year revenue guidance to $8.15 billion to $…
Palantir Technologies CEO Alex Karp renewed his criticism of frontier AI labs, accusing them of 'trying to drug addict us' and of distilling intellectual property from others, while arguing that Chine…
OpenAI's ChatGPT dominated U.S. House spending on named AI vendors, accounting for $100,580 of the $113,740 total between April 2025 and March 2026, according to a CNBC analysis of House disbursement …