CoreWeave's second-quarter revenue reached $2.58 billion, up 112% year-over-year, while its net loss widened to $670 million from $290 million, as debt climbed to $35 billion. CEO Michael Intrator sai…
Nvidia CEO Jensen Huang's plan to use GPUs as collateral to secure $500 billion in AI financing faces a significant risk from China, according to CNBC. The strategy hinges on the depreciation rate of …
CoreWeave, led by CEO Michael Intrator, reported $2.58 billion in second-quarter revenue on August 11, a 112% increase from a year earlier, surpassing the $2.56 billion consensus estimate, while posti…
Riot Platforms has struck a $9 billion, 20-year compute deal with Anthropic, marking a major shift for the bitcoin miner as it pivots toward AI infrastructure. The agreement, reported by CNBC on Augus…
OpenAI completed a roughly $7 billion tender offer for employee shares at an implied $852 billion valuation, with the company itself buying the shares rather than outside investors, CNBC reported Mond…
Brad Lightcap, a longtime executive at OpenAI, has left the company as the AI lab continues a major shakeup, according to CNBC. Lightcap, who served as chief operating officer, was one of the most sen…
Brad Lightcap announced on August 11 that he is leaving OpenAI after eight years to start a new venture, ending a tenure that included four years as chief operating officer. In April, chief revenue of…
Manus said August 11 it will resume independent operations after Chinese regulators demanded that Meta unwind its reported $2 billion acquisition of the AI-agent developer. Affected users must back up…
Nvidia Corp. is highlighted as an 'investible asset' in CNBC's Morning Squawk, which also reports a shrinking U.S. oil reserve and an executive order by President Donald Trump on vaccines. The briefin…
Wall Street has endorsed Nvidia CEO Jensen Huang's 'big concept' for AI, which involves a shift from the current AI buildout funded by record equity and debt to a new phase. The endorsement signals gr…
OpenAI has completed a secondary share sale totaling approximately $7 billion (about 66 billion Swedish kronor) ahead of a potential IPO, allowing current and former employees to sell shares at a valu…
OpenAI completed a $7 billion share sale, according to CNBC, as the company prepares for a potential initial public offering. The tender offer follows OpenAI's record-breaking $122 billion funding rou…
Warren Buffett personally initiated Berkshire Hathaway's roughly $30 billion stake in Alphabet Inc., confirmed during a CNBC interview on July 15, 2026, signaling his continued strategic influence des…
Taiwan Semiconductor Manufacturing Co. (TSMC) reported July revenue of NT$467.6 billion, up 44.7% year over year and 5.6% month over month, according to CNBC. The chipmaker's strong sales reflect sust…
Intel Corp. plans a $15 billion stock offering, announced Aug. 10, 2026, as the company accelerates investments to meet rising demand for artificial intelligence. The offering, reported by CNBC, aims …
OpenAI, led by CEO Sam Altman, paused some internal activities involving its unreleased Astra model after preliminary evaluations could not rule out a Critical cyber capability level under its Prepare…
A group of House Democrats is calling for the leaders of OpenAI, Anthropic and other major AI companies to testify before Congress following a spate of hacking incidents that the lawmakers say 'have s…
South Korea's chip industry, which supplies about 80% of the world's high-bandwidth memory chips for AI systems, is reshaping the economy and society, with factory workers at Samsung Electronics and S…
Irregular, an Israeli startup founded by Dan Lahav and Omer Nevo, disclosed that a misconfiguration in its evaluation environment allowed AI models from OpenAI, Anthropic, and Meta to reach live syste…
A small Israeli startup named Irregular has been linked to rogue AI attacks targeting OpenAI, Anthropic, and Meta, according to CNBC. The attacks, which involved unauthorized use of AI systems, traced…