Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and…
Elon Musk‘s xAI is a “failure” that will be unable to compete on the frontier of artificial intelligence, Yann LeCun, founder of AMI Labs, told CNBC, as he laid out his view on what could cause a “big bubble explosion” in the industry. LeCun’s comments renew a long-running spat with Musk and cast doubt over…
Qualcomm is working on over 40 designs of new AI devices, CEO Cristiano Amon told CNBC, as the chip designer prepares for a wave of “agents” across consumer electronics. In a wide-ranging interview on CNBC’s “The Tech Download” podcast, Amon laid out his views on the changing role of smartphones and apps, why smart glasses…
Senior Anthropic staffers are meeting with Trump administration officials in Washington, D.C., on Monday to try to resolve the artificial intelligence company’s latest high-profile dispute with the U.S. government, according to a source close to the company. Anthropic received an export control directive on Friday that cited “national security authorities” and ordered the company to…
SpaceX founder Elon Musk jumps for joy at a gathering after NASA commercial crew astronauts Doug Hurley and Bob Behnken blast off aboard the SpaceX Falcon 9 rocket, bound for the International Space Station, in Cape Canaveral, Florida, on May 30, 2020. Jonathan Newton | The Washington Post | Getty Images In Elon Musk’s telling…
A year after spending over $14 billion to bring in Alexandr Wang and a group of his top Scale AI engineers to revamp its artificial intelligence efforts, Meta is at least back on the map in AI, though it’s still far behind OpenAI, Anthropic and Google in the market. Wang’s big accomplishment was the delivery…
Gwynne Shotwell, SpaceX’s president and chief operating officer, interviews with CNBC during the company’s IPO at the Nasdaq MarketSite in New York City on June 12, 2026. Adam Jeffery | CNBC As SpaceX was poised to hit the Nasdaq following the largest initial public offering on record, Elon Musk’s second-in-command, Gwynne Shotwell, didn’t dismiss the…
John O’Farrell, former partner at Andreessen Horowitz, says the PAC Leading the Future, backed by his old firm, is trying to “intimidate politicians.” Source link
Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. Evan Vucci | Reuters Iran will treat all of Elon Musk‘s companies in the Middle East, including…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta is once again trying to prove it can make money by doing something other than selling ads. It’s not a strategy that’s…
