Lora Kolodny / CNBC: Uber reports Q2 revenue up 12% YoY to $14.19B, below $14.24B est., Gross Bookings up 24% YoY to $58B, above $57B est., and forecasts Q3 adjusted EPS below est. — Uber issued a forecast for bookings and earnings that trailed analysts' estimates, while second-quarter profit was in line with expectations.
Kai Nicol-Schwarz / CNBC: The EU's AI Act enforcement powers take effect, letting it evaluate AI models before regional release, restrict market access, fine model providers, and more — The European Union gained new powers to inspect AI models, restrict EU market access and fine model providers …
CJ Haddad / CNBC: Trump Media's new paid data API launches, for “a direct, licensed, real-time feed of the platform's most market-moving Truths”; Dem. senators asked SEC to probe — Trump Media and Technology Group's new paid data service launched on Aug. 1, providing faster access to Truth Social posts …
Jenny Lee / CNBC: CXMT's stock closed up 466% in its Shanghai debut, giving the Hefei-based memory chipmaker a ~$487B market cap, making it the most valuable China-listed company — Shares of chipmaker Changxin Technology Group soared nearly 466% Monday in their debut on Shanghai's tech-heavy STAR Market …
CNBC: The DOD's $9.7B contract with Dell has raised eyebrows as a potential payback for Michael and Susan Dell's $6.25B donation to 25M US children's Trump Accounts — Michael Dell bought into President Donald Trump's second term early. Now his hardware company, Dell Technologies …
Samantha Subin / CNBC: SentinelOne's stock closes down 8% after the company announced plans to lay off 8% of its workforce and forecasted Q2 and FY revenue guidance below estimates — SentinelOne shares sank 8% as the cybersecurity company laid off 8% of its full-time workforce to focus on artificial intelligence and data investments.
CJ Haddad / CNBC: Israel-based web development company Wix is cutting 20% of its workforce, citing the “fast evolution of AI capabilities” and currency exchange rate difficulties — Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced …
Annie Palmer / CNBC: Amazon says it is making the “architecture, starter code, and learnings” from Alexa for Shopping available to third-party retailers, starting with Kate Spade — Amazon has been using homegrown artificial intelligence technology to help users compare products and buy or reorder items on their behalf.
Jonathan Vanian / CNBC: Dropbox founder Drew Houston is stepping down as CEO after 19 years to become executive chairman, replaced by Ashraf Alkarmi, who is SVP and GM of Dropbox Core — Drew Houston founded Dropbox nearly two decades ago out at age 24, eventually becoming a household name in Silicon Valley …
Justin Papp / CNBC: Republican House Oversight Committee Chairman James Comer says he requested information from Kalshi and Polymarket on their efforts to prevent insider trading — Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, announced Friday on CNBC's “Squawk Box” …
CJ Haddad / CNBC: Meta, Broadcom, Applied Materials, GlobalFoundries, and Synopsys launch a $125M “Semiconductor Hub” at UCLA to advance AI chip research and more — Broadcom, Meta, Applied Materials, GlobalFoundries and Synopsys are joining forces to launch a $125 million “Semiconductor Hub” at the UCLA Samueli School of Engineering.
CNBC: Jeff Bezos dismisses AI job fears, defends billionaires against “vilification”, proposes eliminating income taxes for low earners, and praises President Trump — VIDEO 54:38 — Watch CNBC's full interview with Amazon founder Jeff Bezos — Ultrabillionaire Jeff Bezos …
Hugh Son / CNBC: Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025 — Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.
Krysta Escobar / CNBC: Modular data center maker Armada raised a $230M Series B co-led by Overmatch, 8090 Industries, and BlackRock at a $2B valuation, and plans a new Arizona factory — Armada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector …
Kevin Breuninger / CNBC: Filings: in Q1, Trump traded $220M-$750M in NVDA, MSFT, AMZN, META, ORCL, and other stocks; millions of dollars of NVDA were bought shortly before major news — President Donald Trump reported thousands of financial transactions totaling hundreds of millions of dollars …
Sawdah Bhaimiya / CNBC: EU Commission President Ursula von der Leyen says the EU will take action against “addictive design” on TikTok and Instagram, including “endless scrolling” — The EU is clamping down on social media firms and plans to target “addictive design” features on TikTok …
Tanaya Macheel / CNBC: Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others — Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain …
Brandon Gomez / CNBC: Whoop plans to offer on-demand video consultations with licensed clinicians for US users, and adds electronic health records and AI-powered health guidance — Wearable fitness tracker Whoop announced on Friday it will introduce in-app access to on-demand licensed clinicians for users in the United States.
Arjun Kharpal / CNBC: Nintendo reports Q4 revenue of ~$2.60B, below ~$2.75B est., net profit of ~$416M, above ~$403.68M est., and forecasts a decline in FY 2027 Switch 2 unit sales — Nintendo will hike the retail price of the Switch 2 after forecasting a decline in sales for its flagship console as the memory chip crunch hits the Japanese gaming giant.
Kai Nicol-Schwarz / CNBC: Sony reports Q4 revenue up 8% YoY to ~$19.4B, above ~$18.4B est., ~$1.06B operating profit, below ~$1.7B est., and forecasts FY 2027 net profit up 13% to ~$7.4B — Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments …
CNBC: Apple's R&D spending hit 10.3% of revenue in Q2, up from 7.6% in Q1 and 9% in Q2 2025, amid the AI boom; Q2 revenue rose 17% YoY, while R&D jumped 34% YoY — For the first time in at least 30 years, Apple is spending more than 10 cents of every dollar it brings in on research and development …
Katie Tarasov / CNBC: Corning and Nvidia partner to open three advanced manufacturing plants in North Carolina and Texas dedicated to optical tech for Nvidia, creating 3,000+ jobs — Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three …
Jonathan Vanian / CNBC: The jury-less bench trial phase of Meta's child safety case in NM begins today to determine if Meta's actions were a public nuisance and warrant product changes — Meta is back in a New Mexico courthouse on Monday as part of an ongoing child safety case that could determine whether the company …
Ashley Capoot / CNBC: Filing: Elon Musk texted Greg Brockman about settling days before trial; after being denied, he said Brockman and Altman “will be the most hated men in America” — Two days before Elon Musk's multi-billion-dollar lawsuit against OpenAI was slated to head to trial …
Evelyn Cheng / CNBC: China's EV makers are competing on in-car AI features; ByteDance says its Doubao AI is used in 7M+ cars across 145 models, including from Mercedes, Audi, and VW — - China's EV price war is evolving into a “feature war” focused on AI and cockpit tech — ByteDance's Doubao AI chatbot …
Katie Tarasov / CNBC: Intel's stock jumped 114% in April, hitting a record on April 24 and lifting its market cap past $470B, closing out the chipmaker's best month on record — Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago.
Ashley Capoot / CNBC: An overview of Elon Musk's $134B lawsuit against Sam Altman, scheduled to begin on Monday, accusing Altman of reneging on a vow to keep OpenAI nonprofit — A yearslong legal brawl between Elon Musk, the world's richest man, and OpenAI CEO Sam Altman heads to court in Northern California …
Evelyn Cheng / CNBC: Alibaba says its Qwen AI model will be integrated into select car models from BYD, Volkswagen, and others, letting users buy food and tickets via voice commands — BEIJING — Chinese tech giant Alibaba said Friday that its Qwen artificial intelligence model will be integrated into vehicles …
Kai Nicol-Schwarz / CNBC: As part of the Cohere-Aleph Alpha deal, Aleph Alpha backer Schwarz Group plans to invest $600M in Cohere's Series E, which a source says is set to close in 2026 — Canadian AI lab Cohere announced on Friday that it planned to acquire German AI company Aleph Alpha, as it eyed major expansion in Europe.
Ashley Capoot / CNBC: Trump says his administration had “some very good talks” with Anthropic during a WH meeting last week and “it's possible” there will be a deal with DOD — President Donald Trump on Tuesday told CNBC that “it's possible” that a deal will be made to allow Anthropic's …
Jordan Novet / CNBC: Cerebras files to go public on Nasdaq and reports $510M in 2025 revenue, up 76% YoY, with a net income of $87.9M, up from a $485M net loss in 2024 — Cerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol “CBRS.”
Tanaya Macheel / CNBC: Charles Schwab unveils its long-awaited crypto investing product, Schwab Crypto, with a 0.75% fee on every crypto trade and plans to launch in the coming weeks — Charles Schwab on Thursday introduced its long-awaited crypto investing product, making bitcoin and ether trading available …
Kai Nicol-Schwarz / CNBC: Anthropic secures new London office space for 800 people, days after OpenAI started leasing its first London office; Anthropic currently has 200+ London staff — Anthropic said Thursday it's expanding its presence in London with new office space for 800 people, days after rival OpenAI unveiled plans …
Ashley Capoot / CNBC: Internal memo: OpenAI Chief Revenue Officer Denise Dresser says the Microsoft deal “limited our ability” to reach clients on Bedrock and touts its Amazon deal — OpenAI's newly appointed revenue chief, Denise Dresser, sent a memo to staffers on Sunday, touting the company's alliance …
Kai Nicol-Schwarz / CNBC: OpenAI plans to open its first permanent London office with a 500+ staff capacity; in February, OpenAI said it would make London its largest non-US research hub — OpenAI has announced it's opening its first permanent London office with a capacity of over 500 team members …
Ashley Capoot / CNBC: Takeaways from HumanX, one of the AI industry's main events: Claude Code dominated the conversation, while some execs noted China's lead in open-weight models — If one thing became clear at the HumanX conference in San Francisco this week, where 6,500 executives, founders and investors gathered …
Jordan Novet / CNBC: Meta commits to spending additional $21B on AI cloud infrastructure from CoreWeave, running from 2027 to 2032, on top of its prior $14.2B deal that ends in 2031 — Meta has committed to spending an additional $21 billion on AI cloud infrastructure from CoreWeave, which comes on top …
Jennifer Elias / CNBC: A Jeffrey Epstein victim files a class action against the Trump administration and Google, claiming Google's search and AI Mode published victims' personal info — A victim of notorious sex predator Jeffrey Epstein filed a class action lawsuit Thursday on behalf of herself and other survivors …
Annie Palmer / CNBC: Amazon begins three-hour deliveries in ~2K US cities and towns and one-hour deliveries in hundreds of those areas, after 2025 pilots; 90K+ products are eligible — Amazon said Tuesday it's starting one-hour and three-hour deliveries in parts of the U.S., as the company continues to look for ways to satisfy impatient consumers.
Samantha Subin / CNBC: Gecko Robotics secures a $71M US Navy contract to use robots to slash repair time for dated ships, as the US races to reindustrialize its aging defense systems — Gecko Robotics, a Pittsburgh-based robotics startup, on Tuesday announced a $71 million deal with the U.S. Navy to cut …
Katie Tarasov / CNBC: A preview of Nvidia's 2026 GTC, which kicks off on March 16, where the company is expected to unveil new agentic-optimized CPUs, a CPU-only rack, and more — Nvidia's graphics processing units have been the hottest-selling chips for years, but the sudden advent of agentic artificial intelligence …
Samantha Subin / CNBC: AI cybersecurity startup Armadin, started by Mandiant founder Kevin Mandia to build AI agents, raised ~$190M led by Accel; Google bought Mandiant for $5.4B — Four years ago Kevin Mandia agreed to sell his cybersecurity company Mandiant to Google for $5.4 billion. Now he's back in the game, with Google's help.
Jordan Novet / CNBC: Microsoft plans to keep Anthropic's tools embedded in client products, after its lawyers determine the DOD's designation doesn't apply to non-defense projects — Microsoft said Thursday that it will keep startup Anthropic's artificial intelligence technology embedded in its products for clients, excluding the U.S. Department of War.
Dylan Butts / CNBC: Sam Altman says the DOD affirmed that OpenAI's tools wouldn't be used by agencies like the NSA, and services to them would need a further contract modification — OpenAI CEO Sam Altman said Monday that the company “shouldn't have rushed” its recent deal with the U.S. Department of Defense and outlined revisions to the agreement.
Jordan Novet / CNBC: Claude became the #1 free app in the US App Store on Saturday, after DOD designated Anthropic a supply chain risk; it hovered in the top 20 for much of February — Anthropic's Claude artificial intelligence assistant app jumped to the No. 1 slot on Apple's chart of top U.S. free apps late on Saturday …
CNBC: Sources: OpenAI is telling investors it's targeting ~$600B in total compute spend by 2030, months after Sam Altman touted $1.4T in infrastructure commitments — OpenAI is telling investors that it's now targeting roughly $600 billion in total compute spend by 2030, months …
Jordan Novet / CNBC: Phil Spencer will retire after 38 years at Microsoft; Asha Sharma, the president of product in Microsoft's Core AI business, will become the CEO of gaming — Microsoft's head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company's Xbox business faces increased challenges.
Samantha Subin / CNBC: BNP Paribas analysis: Anthropic saw visits to its site jump 6.5% after its Super Bowl ad and DAUs jump 11% post-game, outperforming other AI companies — The Seahawks may have won the Super Bowl, but Anthropic also walked away with bragging rights, according to data analyzed by BNP Paribas.
Evelyn Cheng / CNBC: Baidu plans to let users access OpenClaw via its search app and integrate OpenClaw's capabilities into its e-commerce business and other services — BEIJING — Baidu plans to give users of its main smartphone app direct access to the wildly popular artificial intelligence tool OpenClaw …
Jennifer Elias / CNBC: Apple's stock dropped 5% on Thursday, its worst day since April, following FTC scrutiny of Apple News and reports about delays with Siri — Apple just wrapped up its worst day on the stock market since April after reports surfaced about delays with Siri and as the company's news app faced regulatory scrutiny.