Reddit mascot rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan McDermid | Reuters Reddit shares rose 11% in extended trading on Thursday on the social media company’s inclusion in the S&P 500. The company will join the index on Aug 18, replacing AvalonBay…
OpenAI said Thursday that Chief Revenue Officer Denise Dresser is leaving her role less than a year after she joined the artificial intelligence lab, a startling exit for a company that’s gearing up for what’s expected to be a blockbuster IPO. The company said Dresser is leaving “to pursue other opportunities,” according to a release….
(L to R) Jensen Huang, President and CEO of Nvidia Corporation, Google CEO Sundar Pichai and Mark Zuckerberg, CEO of Meta, arrive for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the US Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-reynolds | Afp | Getty Images Last month, American tech giants came…
OpenAI CEO Sam Altman walks between meetings on Capitol Hill, in Washington, U.S., July 29, 2026. Nathan Howard | Reuters OpenAI completed a secondary share sale totaling roughly $7 billion, allowing current and former employees to sell stock at the company’s $852 billion valuation, CNBC confirmed on Monday. The tender offer has been in the…
Elon Musk speaks at Starbase before SpaceX’s IPO in in Starbase, Texas, U.S., June 12, 2026. CNBC Shares of Elon Musk‘s SpaceX rose on Monday, bringing the stock back around its $135 IPO price. The shares briefly hit the benchmark in early trading on Monday, marking a rebound from rocky post-IPO trading that has seen…
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. Carlos Barria | Reuters Meta said it would open source its most powerful AI models and…
Hirun | Istock | Getty Images Over the past two weeks, OpenAI, Anthropic and Meta all revealed that their AI models went rogue during routine security testing. In explaining what happened, the companies each mentioned the same small Israeli startup: Irregular. Founded three years ago and based in Tel Aviv, Irregular is a niche player…
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images SK Hynix said on Friday it will invest 54 trillion Korean won ($38.1 billion) to build two new memory chip manufacturing plants, as demand for the components, which are key to…
Meta was ordered to pay $567 million into an abatement fund in New Mexico as part of a public nuisance case that’s just one of many suits the company faces related to alleged harms caused by its apps. The fund comes on top of the $375 million in civil penalties that Meta was forced to…
The Etsy Inc. headquarters in the Brooklyn borough of New York, US, on Tuesday, June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy said Wednesday it’s laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an…
