Anthropic CFO Krishna Rao is leading early IPO meetings with investors, focusing on the company's Claude AI models and management, without discussing valuation, sources told CNBC.…
OpenAI's revenue chief Denise Dresser is leaving the company, marking the second major executive departure in days and potentially complicating its pursuit of a blockbuster IPO, CNBC reported. Dresser…
Reddit Inc. reported Q2 revenue of $804.905 million, up 61% year-over-year, with daily active uniques reaching 130.3 million, advertising revenue up 64%, and net income of $252.848 million, yet its sh…
CNBC's Investing Club reported that three of its stocks surged in the AI trade, while three others stumbled ahead of the August Monthly Meeting. The top performers included Nvidia, Microsoft, and Adva…
Cerebras Systems (Nasdaq: CBRS) shares fell more than 17% in premarket trading after its second-quarter earnings report missed Wall Street expectations, with total revenue of $180.1 million versus the…
Yangtze Memory Technologies Co., Ltd. (YMTC) entered the global NAND flash market's top three by shipment share in Q2 2026, holding a reported 14% of shipments, according to Counterpoint Research data…
SK Hynix, the leading maker of high-bandwidth memory, is investing $720 billion in memory factories to meet AI demand, according to an exclusive CNBC report. The buildout is transforming South Korea's…
The S&P 500 closed at a record 7,757.64 after tame July CPI data, but Cisco Systems Inc. shares fell 4.6% to $118.18 in after-hours trading despite record fiscal Q4 revenue of $17.3 billion, as the co…
South Korea's benchmark Kospi index entered a technical bull market on Thursday, rallying about 20% from its recent low in about a month, as the artificial intelligence trade roared back, according to…
CNBC's Jim Cramer said the AI data center trade is regaining market leadership after weeks of forced selling weighed on the group, and he identified six stocks leading the comeback.…
AI is hollowing out the middle of the career ladder rather than replacing jobs wholesale, according to data from Stanford SIEPR and Boston College's Center for Retirement Research. Stanford SIEPR repo…
The rapid buildout of AI data centers is creating inflationary pressures that complicate the Federal Reserve's fight against inflation, according to a CNBC report. Tech leaders claim AI will eventuall…
Riot Platforms has signed a 20-year lease for 191 megawatts of critical IT capacity at its Rockdale, Texas, campus, a contract the bitcoin miner expects to generate approximately $9.1 billion in reven…
Coreweave's stock surged 18% in premarket trading after the AI cloud company reported second-quarter revenue that doubled year over year, driven by surging demand from hyperscalers. The company descri…
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…