Articles from www.cnbc.com

Articles from www.cnbc.com

Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs (www.cnbc.com)
30 days ago

Microsoft stock plunged 23% in Q1, a steeper drop than any of its tech peers or the Nasdaq, and its steepest quarterly drop since the 2008 financial crisis (www.cnbc.com)
30 days ago Microsoft

OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B (www.cnbc.com)
30 days ago

Sources: Oracle is cutting thousands of jobs in its latest layoffs as the company continues to ramp AI spending; as of May 2025, Oracle employed 162,000 people (www.cnbc.com)
2026-4-1 AI Oracle Layoffs

Micron shares closed down 10% on Monday and are now down 30% since Micron's blowout earnings report on March 18; Sandisk fell 7% and Western Digital dropped 9% (www.cnbc.com)
2026-3-31 Western Digital

Hong Kong-listed AI drug discovery company Insilico Medicine and Eli Lilly sign a drug co-development deal worth up to $2.75B, with $115M in upfront payments (www.cnbc.com)
2026-3-30 Hong Kong AI

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 (www.cnbc.com)
2026-3-28 Trump Google AI

Tech stocks suffer their worst week in almost a year, driven by the Iran war and Meta's legal defeats; Meta fell 11%, Alphabet fell ~9%, and Microsoft fell ~7% (www.cnbc.com)
2026-3-28 Microsoft Iran Alphabet

China's broadening Manus review raises doubts about the “Singapore-washing” model; sources: Meta moved 100+ Manus employees to Singapore in early March (www.cnbc.com)
2026-3-28 China Singapore

A US judge grants Anthropic's request for a preliminary injunction in its suit against the Trump administration over the DOD's decision to blacklist the company (www.cnbc.com)
2026-3-27 Trump

Apple expands its American Manufacturing Program, bringing in Bosch, Cirrus Logic, TDK, and Qnity Electronics to make components in the US for sale worldwide (www.cnbc.com)
2026-3-27 U.S. Apple Manufacturing

Social media addiction trial: a Los Angeles jury finds Meta and YouTube were negligent and failed to warn users about the dangers of using their platforms (www.cnbc.com)
2026-3-26 YouTube

Legal AI company Harvey raised $200M led by GIC and Sequoia at an $11B valuation, up from $8B in December 2025, and reports 100K+ users at 1,300+ organizations (www.cnbc.com)
2026-3-26 AI

OpenAI CFO Sarah Friar says OpenAI is raising an additional $10B from a16z, D.E. Shaw, MGX, TPG, and others, bringing its record fundraise to “north of $120B” (www.cnbc.com)
2026-3-25

Databricks launches Lakewatch, a security information and event management service, and announces acquisitions of security startups Antimatter and SiftD (www.cnbc.com)
2026-3-25 Startup

Arm CEO Rene Haas projects $25B in revenue in 2031, up from $4B in 2025, including $15B from sales of Arm's first in-house chip; ARM jumps 6%+ after hours (www.cnbc.com)
2026-3-25

A New Mexico jury finds that Meta violated state laws by failing to safeguard its platforms from child predators and orders it to pay $375M in damages (www.cnbc.com)
2026-3-25 Mexico

Baltimore becomes the first major US city to sue xAI, accusing it of violating consumer protection laws by marketing Grok as generally safe (www.cnbc.com)
2026-3-25

OpenAI revamps ChatGPT's shopping experience by letting users upload images or describe items and include criteria like their budget (www.cnbc.com)
2026-3-25 Budget

Super Micro says co-founder Yih-Shyan Liaw has resigned from its board after US prosecutors indicted him on allegations of smuggling Nvidia AI chips to China (www.cnbc.com)
2026-3-21 China AI Nvidia

Jensen Huang proposes a compensation model where engineers receive an AI token budget on top of their base salary, to deploy agents as productivity multipliers (www.cnbc.com)
2026-3-21 AI Budget

US prosecutors charge three people affiliated with Super Micro, including a co-founder, with smuggling Nvidia chips to China; SMCI drops 9%+ after hours (www.cnbc.com)
2026-3-20 China Nvidia

Sources: European chip importers are tapping backup stores and paying higher air freight costs as the US-led Iran war disrupts Middle Eastern cargo routes (www.cnbc.com)
2026-3-19 Europe Iran

Facebook launches Creator Fast Track, offering big Instagram, TikTok and YouTube creators guaranteed monthly pay and boosted reach to post on Facebook (www.cnbc.com)
2026-3-19 Facebook YouTube Instagram

Memo: Satya Nadella says ex-Snap executive Jacob Andreou will lead Copilot for commercial and consumer clients; Mustafa Suleyman will focus on new AI models (www.cnbc.com)
2026-3-18 AI

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 (www.cnbc.com)
2026-3-17 Amazon

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 (www.cnbc.com)
2026-3-17 Robot

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 (www.cnbc.com)
2026-3-15 Nvidia

Adobe CEO Shantanu Narayen will step down after a successor is named; he became CEO in 2007 and will remain as chair of the board; ADBE drops 6%+ after hours (www.cnbc.com)
2026-3-13 Adobe

Emil Michael says Anthropic's Claude models would “pollute” the DOD's supply chain because they have “a different policy preference” that is baked in (www.cnbc.com)
2026-3-13

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