SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019. Philip Pacheco | Afp | Getty Images It was a rough week for Elon Musk. Tesla shares plunged 18% during the week to close…
From left, Sundar Pichai, CEO of Alphabet; Satya Nadella, CEO of Microsoft; Andy Jassy, CEO of Amazon; and Mark Zuckerberg, CEO of Meta. Damian Lemanski | David Ryder | Bloomberg | Getty Images | CNBC | Manuel Orbegozo | Reuters The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the…
The White House is visited by tourists on July 17, 2025 in Washington, DC. Michael M. Santiago | Getty Images Nvidia, Microsoft, Meta, Palantir and more than 20 other companies released a letter on Friday urging policymakers to avoid “premature restrictions” on open-weight artificial intelligence models that would “stifle competition or drive innovation overseas.” Open-weight…
CANADA – 2026/05/23: In this photo illustration, the CXMT (ChangXin Memory Technologies) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images ChangXin Memory Technologies’ massive listing is stoking fears that its market debut could pull cash from Chinese equities, as…
Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre. Nathan Stirk | Getty Images Amazon is requiring that third-party sellers label any product images or videos that contain “AI-generated people” after New York recently passed a law mandating greater transparency around “synthetic performers” in ads. The company informed sellers Wednesday of the policy…
IBM CEO Arvind Krishna looks on during a roundtable discussion hosted by President Donald Trump in the Roosevelt Room at the White House in Washington, Dec. 10, 2025. Alex Wong | Getty Images IBM CEO Arvind Krishna said that only 2% of his company’s software could be replaced with applications constructed by artificial intelligence models,…
From left, President Donald Trump, Oracle’s Larry Ellison, SoftBank’s Masayoshi Son and OpenAI’s Sam Altman appear at the White House in Washington on Jan. 21, 2025. Jim Watson | Afp | Getty Images The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software…
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock jumped 11% in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates Earnings per share: 42 cents, adjusted, versus 21 cents expected Revenue: $16.1 billion, versus $14.42…
Microsoft’s Xbox CEO, Asha Sharma speaks at the Bloomberg Tech conference in San Francisco on June 4, 2026. David Paul Morris | Getty Images Amazon and Microsoft have devised new ways to get people playing video games in the cloud. Microsoft’s Xbox division said Thursday that it will test an advertising-supported way of letting people…
Google‘s cloud chief Thomas Kurian said the company’s existing customers are shelling out “roughly 50% more” than they’ve already committed to spend on its products, which helped drive its red-hot cloud growth during the second quarter. “Our existing customers have increased their spend when they make a commitment to us,” Kurian told CNBC’s Jim Cramer…
