Articles from www.cnbc.com

Articles from www.cnbc.com

Trump implies that a TikTok deal has been reached with China, saying a deal was reached “on a ‘certain' company that young people” in the US wanted to save (www.cnbc.com)
11 minutes ago Trump China

OpenAI unveils Grove, a five-week mentorship program for nascent tech entrepreneurs, hosted in its San Francisco HQ, with ~15 participants in its first cohort (www.cnbc.com)
2 days ago San Francisco Entrepreneur

Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1400 employees do and the company doesn't need “more than 200 of them” (www.cnbc.com)
2 days ago

Gemini shares opened up 32.2% at $37.01 in its Nasdaq debut, giving it a ~$4.4B market cap, after the Winklevoss' exchange operator raised $425M in its IPO (www.cnbc.com)
2 days ago IPO

OpenAI says its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100B (www.cnbc.com)
3 days ago Equity

Adobe reports Q3 revenue up 11% YoY to $5.99B, vs. $5.91B est., Digital Media revenue up 12% to $4.46B, and Digital Experience revenue up 9% to $1.48B (www.cnbc.com)
3 days ago Adobe

Uber plans to add Blade helicopter rides as soon as 2026 via a partnership with electric air taxi maker Joby Aviation, which acquired Blade for $125M in August (www.cnbc.com)
5 days ago Uber

Oracle reports Q1 revenue up 12% YoY to $14.93B, vs. $15.04B est., and remaining performance obligations up 359% to $455B; ORCL jumps 19%+ after hours (www.cnbc.com)
5 days ago Oracle

Shenzhen-based humanoid startup X Square Robot raised ~$100M led by Alibaba, bringing total funding to ~$280M, and released a foundation model for embodied AI (www.cnbc.com)
7 days ago Alibaba Startup AI Robot Shenzhen

AppLovin stock jumps 7%+ and Robinhood jumps 8%+ in extended trading after S&P Global said the two will join the S&P 500 index on September 22 (www.cnbc.com)
9 days ago

US tech industry's eight companies valued at $1T+ gained a combined $420B in market cap this week, lifting their total value to $21T, led by a Google rally (www.cnbc.com)
9 days ago Google

After the EU fined Google €2.95B, Trump threatens a trade probe, saying the Trump administration “will not allow these discriminatory actions to stand” (www.cnbc.com)
9 days ago Trump Google

Bret Taylor's Sierra raised $350M at a $10B valuation, up from $4.5B in 2024, and says its AI customer service agents are being used by “hundreds of millions” (www.cnbc.com)
10 days ago AI

Atlassian agrees to acquire The Browser Company for $610M in cash, set to close by December; the startup, founded in 2019, develops the Dia browser, now in beta (www.cnbc.com)
11 days ago Startup Browser Atlassian

C3.ai reports Q1 revenue down 19% YoY to $70.3M, and names long-time tech exec Stephen Ehikian as CEO, replacing Thomas Siebel; its stock falls 11%+ after hours (www.cnbc.com)
11 days ago AI

Figma reports Q2 revenue up 41% YoY to $249.6M, vs. $248.8M est., and forecasts Q3 and FY 2025 revenue above estimates; FIG drops 10%+ after hours (www.cnbc.com)
11 days ago

Source: OpenAI is increasing the size of its secondary share sale to $10.3B, up from $6B; the transaction is at a $500B valuation, in line with expectations (www.cnbc.com)
11 days ago

In US v. Google, a judge rejects prosecutors' bid to make Google sell off Chrome but says Google is barred from exclusive contracts and must share search data (www.cnbc.com)
12 days ago Google Chrome

Underdog and Crypto.com launch a sports prediction market to let US users in 16 states bet on the NFL, the NBA, and other leagues via Underdog's app (www.cnbc.com)
12 days ago

Microsoft says it agreed to give the US GSA $6B+ in potential savings on Office, Azure, 365, and other tools over three years, including $3.1B in the first year (www.cnbc.com)
13 days ago Microsoft

Alibaba's shares jumped 19% in Hong Kong on Monday, following strong quarterly results from its cloud computing unit and reports of its new AI chip on Friday (www.cnbc.com)
13 days ago Hong Kong Alibaba AI

Filing: Nvidia reveals its top two customers accounted for 39% of its Q2 revenue, up from 25% in Q2, 2024 (www.cnbc.com)
16 days ago Nvidia

Alibaba reports Q1 revenue up 2% YoY to ~$34.6B, below ~$35.4B est., and net income up 76% to ~$5.9B, above ~$4B est., as AI demand drives cloud sales up 26% (www.cnbc.com)
17 days ago Alibaba AI

Dell reports Q2 revenue up 19% YoY to $29.78B, vs. $29.17B est., and says it plans to ship $20B of AI servers in its fiscal 2026, double what it sold last year (www.cnbc.com)
17 days ago AI

Intel CFO David Zinser says the company received $5.7B from the US government on Wednesday evening; the White House says the deal is still “being ironed out” (www.cnbc.com)
17 days ago Intel

Payroll and HR software provider Gusto agrees to acquire Guideline, which offers 401(k) plans to small businesses; Guideline was valued at $1.15B in 2021 (www.cnbc.com)
18 days ago

Nvidia reports Q2 revenue up 56% YoY to $46.74B, above $46.06B est., Data Center revenue up 56% to $41.1B, and approves an additional $60B in share buybacks (www.cnbc.com)
18 days ago Nvidia

Okta reports Q2 revenue up 13% YoY to $728M, vs. $711.8M est., net income up 131% to $67M, and increases its fiscal 2026 forecast; OKTA jumps 6%+ after hours (www.cnbc.com)
19 days ago

Filing: Intel warns the US taking a 10% stake could trigger “adverse reactions”, including in international sales, which made up 76% of revenue last fiscal year (www.cnbc.com)
20 days ago Intel

Nvidia says the Jetson AGX Thor, its latest “robot brain” chip module, is now on sale for $3,499 as a developer kit; the module will ship next month (www.cnbc.com)
20 days ago Robot Nvidia

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