Articles from www.cnbc.com

Articles from www.cnbc.com

Circle files for an IPO, with plans to list on the NYSE; Circle is reportedly seeking a valuation between $4B and $5B (www.cnbc.com)
4 hours ago IPO

CoreWeave shares close up 41.8% at $52.57 in their third trading day, bouncing back above the $40 IPO price and bringing the company's market cap to ~$24.9B (www.cnbc.com)
4 hours ago IPO

LightSource, whose software helps companies manage their procurement process, costs, and vendor relationships, raised $33M led by Bain Capital and Lightspeed (www.cnbc.com)
23 hours ago

Amazon resumes drone deliveries in Texas and Arizona, after halting them in January to roll out a software update to fix issues with the drone's altitude sensor (www.cnbc.com)
1 day ago Amazon Drone Sensor Texas

OpenAI closes a $40B funding round, the most ever raised by a private tech company, at a $300B post-money valuation; SoftBank led the round with $30B (www.cnbc.com)
1 day ago

Huawei reports FY 2024 revenue up 22.4% YoY to ~$118.2B, near its ~$123B record in 2020, net profit down 28% YoY to ~$8.63B, and R&D spend rising to ~$25B (www.cnbc.com)
1 day ago

After Trump signed an EO to end the government's DEI programs, tech firms like Google are rebranding DEI efforts, using terms like “learning” or “hiring” (www.cnbc.com)
1 day ago Trump Google

Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation (www.cnbc.com)
4 days ago Elon Musk

Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering (www.cnbc.com)
4 days ago Trump

CoreWeave opens down 2.5% at $39 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021 (www.cnbc.com)
4 days ago IPO

CoreWeave raised $1.5B in its IPO, selling ~37.5M shares at $40 each, down from a planned 49M shares at $47-$55; source: Nvidia anchored with a ~$250M order (www.cnbc.com)
4 days ago IPO Nvidia

Alibaba releases open-source multimodal AI model Qwen2.5-Omni-7B on Hugging Face and GitHub, saying the model can be deployed on edge devices like smartphones (www.cnbc.com)
5 days ago Alibaba AI GitHub

Former Intel CEO Pat Gelsinger joins VC firm Playground Global as a GP and the board of portfolio company xLight, which develops lasers for chip manufacturing (www.cnbc.com)
5 days ago Intel Manufacturing

Utah Gov. Spencer Cox signs a bill requiring Apple's and Google's mobile app stores to verify user ages and require parental consent for minors to use some apps (www.cnbc.com)
6 days ago Google Mobile Apple

Amazon unveils Interests, an AI search tool for finding products by passion or hobby, rolling out to all US users, and is testing a chatbot called Health AI (www.cnbc.com)
6 days ago Amazon AI chatbot

GameStop says its board has unanimously approved a plan to buy bitcoin with its corporate cash, and it hasn't set a ceiling on how much bitcoin it may purchase (www.cnbc.com)
7 days ago Bitcoin

3D tech company Infinite Reality buys Napster for $207M; CEO John Acunto says the one-time file-sharing phenomenon will be used for marketing in the metaverse (www.cnbc.com)
7 days ago

A profile of Lisa Su, as AMD vies for a bigger chunk of the AI market; CTO Mark Papermaster says AMD had $5B in AI chip sales in 2024, up from $100M in 2023 (www.cnbc.com)
10 days ago AI AMD

Micron Q2: revenue up 38% YoY to $8.05B vs. $7.89B est., net income up 99% to $1.58B, says data center revenue tripled, offers better-than-expected Q3 guidance (www.cnbc.com)
11 days ago

At Nvidia's Quantum Day, Jensen Huang walked back his January comments that cast doubt on the timeline for useful quantum computing and caused a stock selloff (www.cnbc.com)
12 days ago Nvidia Quantum

Tencent reports Q4 revenue up 11% YoY to ~$23.9B, vs. ~$23.4B est., profit up 90% YoY to ~$7B, vs. ~$6.3B est., and domestic game revenue up 23% YoY to ~$4.6B (www.cnbc.com)
13 days ago Tencent 4Q

Nvidia unveils Blackwell Ultra, a family of AI chips shipping in 2025, and Vera Rubin, its next-gen chip featuring Nvidia's first custom CPU, slated for H2 2026 (www.cnbc.com)
14 days ago AI Nvidia

GM partners with Nvidia to use Nvidia Drive AGX, Omniverse with Cosmos, and more across driver assistance systems and factory planning and robotics (www.cnbc.com)
14 days ago Robot Nvidia

President Trump's World Liberty Financial says it raised $250M in its second token sale, bringing the total amount of coins sold to $550M (www.cnbc.com)
15 days ago Trump

Walmart's OnePay says Klarna will replace Affirm to offer buy-now-pay-later to US shoppers later in 2025, and OnePay can buy a Klarna stake; AFRM drops 10%+ (www.cnbc.com)
15 days ago Walmart

Google and other companies are considering bringing back in-person job interviews, as some startups sell AI tools that let engineers cheat in virtual interviews (www.cnbc.com)
16 days ago Google Startup AI

Garry Tan says ~80% of YC's W25 batch is AI focused and the cohort is growing significantly faster than past ones, with actual revenue, thanks to “vibe coding” (www.cnbc.com)
16 days ago AI

Delaware lawmakers are considering a bill that would transform the state's corporate law to keep it attractive to both investors and CEOs, following Musk's exit (www.cnbc.com)
17 days ago

Block says it is expanding consumer lending through Cash App Borrow after obtaining FDIC approval to issue loans out of its subsidiary Square Financial Services (www.cnbc.com)
18 days ago

White House memo: David Sacks sold $200M+ worth of digital asset-related investments personally and through Craft Ventures before starting his government job (www.cnbc.com)
18 days ago Asset

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