Wall Street rallied on Tuesday, with the S&P 500 up 1.8% to 7,737, the Dow Jones Industrial Average up 1.9% to 54,200, and the tech-heavy Nasdaq Composite up 2.5% to 26,564, led by semiconductor stock…
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…
CNBC reported that Big Tech companies' stakes in Anthropic and OpenAI are distorting corporate earnings, according to an analysis by the news outlet. The report, published August 3, 2026, highlights h…
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 …
Palantir Technologies reported $1.94 billion in second-quarter 2026 revenue, up 93% year over year, with U.S. commercial revenue surging 149% to $764 million, according to results released August 3. T…
The U.S. lead over China in artificial intelligence is all but gone, according to a CNBC report published on August 2, 2026, which was inaccessible due to a server error. The headline indicates that t…
House offices funneled roughly nine out of every ten identifiable AI dollars to OpenAI last year, with ChatGPT accounting for $100,580 across 798 transactions out of at least $113,740 in total AI spen…
On July 30, OpenAI cut the input price of GPT-5.6 Luna by 80% from $1.00 to $0.20 per million tokens and output from $6.00 to $1.20, while Terra dropped 20% and Sol gained a Fast mode at double the pr…
OpenAI's ChatGPT captured roughly 90% of all U.S. House spending on AI tools in the year ending March 31, according to a CNBC analysis of House disbursement records. Congress spent about $100,580 on C…
OpenAI's Hugging Face account was hacked, exposing private AI model files, according to a CNBC report. The breach occurred on Hugging Face, a platform for sharing AI models, and involved unauthorized …
The European Commission's enforcement powers over general-purpose AI model providers took effect on August 2, enabling the EU AI Office to investigate providers, demand information and evaluations, or…