People walk on the campus of Massachusetts Institute of Technology in Cambridge, Massachusetts, April 15, 2025. Joseph Prezioso | AFP | Getty Images Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across…
Alibaba showcase its AI technology application achievements from Alibaba Cloud at the World Artificial Intelligence Conference in Shanghai, China on July 26, 2025. Cfoto | Future Publishing | Getty Images Alibaba delivered better than expected revenue in its fiscal second quarter as sales in its key cloud computing division accelerated. Alibaba’s New York-listed shares were…
Jonathan Raa | Nurphoto | Getty Images Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google. Shares of Nvidia were 2.5% lower in premarket trade. Google-parent Alphabet was trading 2.5% higher. On Monday, The Information reported that Meta is considering using Google’s tensor processing units (TPUs)…
On a cold November evening in Shanghai in 2020, the world’s largest IPO was abruptly canceled by Chinese regulators. It was Ant Group, the fintech affiliate of tech giant Alibaba. The company’s founder Jack Ma, one of China’s most famous billionaires, was under scrutiny for comments seemingly criticising the country’s financial regulators. What followed was four years of…
This week, volatility took hold of the AI trade as bubble fears continued to rise and Nvidia‘s blowout earnings failed to steady the market. “Unless you’re the most optimistic person on the planet … you know you’re in a bubble, right?” Dan Niles, founder of Niles Investment Management, told CNBC’s Deirdre Bosa. “There is no…
Cambridge Dictionary named “parasocial” as Word of the Year for 2025. Francesco Carta Fotografo | Moment | Getty Images AI chatbots, Taylor Swift, and social media influencers all played a part in deciding Cambridge Dictionary’s Word of the Year, 2025: “parasocial.” Parasocial — revealed by the global dictionary on Tuesday as its word of the…
Mercedes’ British driver George Russell races during the first practice session for the Las Vegas Formula One Grand Prix on November 16, 2023, in Las Vegas, Nevada. Angela Weiss | AFP | Getty Images Mercedes-AMG Petronas F1 CEO and team principal Toto Wolff is bringing in new team ownership, selling a portion of his holdings…
Bill Ford (L) Chairman and CEO of General Atlantic, and Philippe Laffont (R) founder and portfolio manager of Coatue Management, speak during CNBC’s Delivering Alpha event in New York City on Nov. 13, 2025. Adam Jeffery | CNBC The biggest investors in the world often have a greater focus on the private than public markets,…
In the U.S., postings for entry-level jobs have declined about 35% since January 2023, per data from labor research firm Revelio Labs. Cemile Bingol | Digitalvision Vectors | Getty Images As more companies brazenly declare AI-driven layoffs in 2025, the first jobs on the chopping block appear to be junior positions and entry-level jobs. Graduate…
Industrial and infrastructure stocks may soon share the spotlight with the artificial intelligence trade. According to ETF Action’s Mike Atkins, there’s a bullish setup taking shape due to both policy and consumer trends. His prediction comes during a volatile month for Big Tech and AI stocks. “You’re seeing kind of the old-school infrastructure, industrial products that have not done…
