The public opposition to artificial intelligence and data centers is front and center at the Goldman Sachs Communcacopia + Technology Conference. CoreWeave CEO Mike Intrator told CNBC’s David Faber that companies haven’t explained the technology’s benefits well enough to the public. “I don’t think we have done a particularly good job of talking about the…
The Treasury Department on Wednesday said it will buy back up to $6 billion of government debt in an operation aimed at keeping bond markets functioning. The much-anticipated announcement triples the normal buyback operation and follows an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount…
Private equity fund Silver Lake plans to merge two of its software firms, as the sector grapples with AI disruption. French firms Cegid, which sells business management software, and Silae, a payroll and HR platform, would combine in a deal that would bring together payroll, accounting, e-invoicing, digital finance and payments data, and create a…
Defense tech startup Covenant on Wednesday announced the opening of a 105,000-square-foot factory in Dallas to accelerate lower-cost missile manufacturing for the U.S. military. The startup, which is coming out of stealth and is backed by Andreessen Horowitz, Peter Thiel‘s Founders Fund, Lux, 8VC, Aleph and Lightspeed, also announced $250 million in funding over three…
Markets are set to find out Wednesday just how aggressive the Treasury Department’s bond-buying program will get, as Secretary Scott Bessent dared currency traders to challenge him. The department is expected to announce around 11 a.m. the size of a buyback operation it announced Aug. 19, an aggressive move and part of a broader strategy…
There is more than a 10% chance that artificial intelligence could “kill all humans,” an Anthropic safety researcher said on Tuesday, hours after another employee said he was quitting the company over concerns that AI labs are “gambling with our lives.” The comments underscore growing concerns among those at the heart of AI development that…
Prediction markets are everywhere ahead of November’s midterm election, and manipulating their election contracts can be achieved with be a small investment. New research from the Anti-Corruption Data Collective, shared exclusively with CNBC, found that moving most campaign-related prediction markets costs less than the maximum personal campaign contribution allowed under federal law: $3,500. A $3,500…
Cans of Canadian-made Molson beer on a shelf at the Liquor Control Board of Ontario (LCBO) Queen’s Quay store in Toronto, Ontario, Canada, on Tuesday, March 4, 2025. Bloomberg | Bloomberg | Getty Images The White House said it would ban imports of Canadian motorbikes and a slew of other products starting later this month…
American patients would ultimately bear the cost of President Donald Trump‘s threatened tariffs on generic drugs, the CEO of Swiss pharmaceutical company Sandoz told CNBC, warning that manufacturers could be forced to raise prices or stop supplying some medicines. “Patients pay the tariff,” Sandoz CEO Richard Saynor said in an interview with CNBC during its…
Google on Wednesday said it would invest 13 billion euros ($15.1 billion) into AI infrastructure in Finland, marking the tech giant’s largest single investment in Europe. Finland has emerged as a key location for data centers amid the AI boom, with hyperscalers and developers eyeing its available land and power, which is in short supply…
