Articles from www.cnbc.com

Articles from www.cnbc.com

Founders Fund's Brian Singerman, one of the earliest employees of Peter Thiel's VC firm and best known for investments in SpaceX and Anduril, steps down as a GP (www.cnbc.com)
2024-12-4 SpaceX

OpenAI hires its first chief marketing officer, Kate Rouch, who joined Coinbase in 2021 to lead global marketing and PR and previously spent 11+ years at Meta (www.cnbc.com)
2024-12-4 Coinbase

Salesforce reports Q3 revenue up 8% YoY to $9.44B, vs. $9.35B est., net income up 25% YoY to $1.5B, and issues Q4 guidance above est.; CRM jumps 6%+ after hours (www.cnbc.com)
2024-12-4 4Q Salesforce CRM

Apple says it's using Amazon's Trainium and Graviton chips to serve search services and is evaluating if Tranium2 chips can be used to pre-train its AI models (www.cnbc.com)
2024-12-4 Amazon AI Apple

Twitch creator Kai Cenat completed a “subathon”, streaming 24 hours a day for 30 days, breaking Twitch subscriber records with ~727,700 subscribers in November (www.cnbc.com)
2024-12-3

Reddit COO Jen Wong says ~50% of current users are located outside the US, and the company is developing new search tools to simplify navigation on Reddit (www.cnbc.com)
2024-11-28 Reddit

US police are testing Axon's Draft One, an AI tool that generates police reports directly from Axon's bodycam audio, with 75 officers in Colorado and elsewhere (www.cnbc.com)
2024-11-28 AI

Huawei's HarmonyOS NEXT in Mate 70 series of smartphones is the company's first fully self-developed OS that reportedly no longer uses open-source Android code (www.cnbc.com)
2024-11-27 Android

Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank in a deal spurred by Masayoshi Son (www.cnbc.com)
2024-11-27

Dell Q3: revenue up 10% YoY to $24.4B, vs. $24.67B est., Infrastructure Solutions Group up 34% driven by AI sales, net income up 12%; DELL drops 6% after hours (www.cnbc.com)
2024-11-27 AI

Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income of $207.1M, up from $141.2M, and changes its corporate name to Zoom Communications Inc. (www.cnbc.com)
2024-11-26

Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help (www.cnbc.com)
2024-11-24 Startup

A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September (www.cnbc.com)
2024-11-23 Pentagon

Amazon will remain a minority investor in Anthropic even as new funding brings its total investment to $8B; Amazon doesn't have a seat on Anthropic's board (www.cnbc.com)
2024-11-23 Amazon

Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business (www.cnbc.com)
2024-11-21 AI

Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI's marketshare in enterprise AI declined from 50% to 34% (www.cnbc.com)
2024-11-21 AI

Belgium-based Odoo, which develops open-source enterprise resource planning software, hit a €5B valuation in a secondary share round led by CapitalG and Sequoia (www.cnbc.com)
2024-11-21 Belgium

After a report that Trump's “Department of Government Efficiency” is considering a free tax-filing app, Intuit shares closed down 5.1% and H&R Block down 8.2% (www.cnbc.com)
2024-11-20 Trump Tax

Palantir stock jumps 9% after announcing a move from the NYSE to the Nasdaq; its stock is up 50%+ since reporting better-than-expected earnings on November 4 (www.cnbc.com)
2024-11-16

Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments (www.cnbc.com)
2024-11-15 Alibaba Equity

Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge (www.cnbc.com)
2024-11-14 Amazon

AMD says it will lay off approximately 4% of its global staff; the company had 26,000 employees at the end of last year, according to an SEC filing (www.cnbc.com)
2024-11-14 AMD

Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein (www.cnbc.com)
2024-11-14 Amazon

Dogecoin spikes ~20% after Donald Trump announced the creation of the Department of Government Efficiency or DOGE; Dogecoin is up 153% since Election Day (www.cnbc.com)
2024-11-13 Trump

Shares of Swiggy opened up ~8% on their trading debut after the company raised $1.34B in its IPO, which became the second largest IPO in India this year (www.cnbc.com)
2024-11-13 India IPO

In an email in May, the NHTSA warned Tesla that its online posts falsely suggested that its cars are autonomous, potentially misleading and endangering drivers (www.cnbc.com)
2024-11-9 Tesla

AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD (www.cnbc.com)
2024-11-8

Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours (www.cnbc.com)
2024-11-8

Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours (www.cnbc.com)
2024-11-8 Airbnb

Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours (www.cnbc.com)
2024-11-8 4Q

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