Apollo Global Management‘s David Sambur told CNBC on Thursday that the selloff in software stocks from fears of artificial intelligence disruption is far from over. “I unfortunately think it’s very early,” Sambur, who is co-head of private equity, told CNBC’s “Money Movers.” Some Wall Street analysts have been comforted by the recent rebound in the…
Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma’s downward slide this year, driven by concerns about artificial intelligence, intensified over the past two days after Google intoduced an AI-powered design product. On Tuesday, Google…
Pavlo Gonchar| SOPA Images | Lightrocket | Getty Images A day after announcing that it will be shutting down Horizon Worlds for Quest virtual reality headsets, Meta has changed course. The company said Wednesday that the VR platform will remain available “for the foreseeable future.” “We have decided, just today in fact, that we will…
The Manus logo is displayed on a smartphone screen, with the Meta logo visible in the background. Cheng Xin | Getty Images News | Getty Images Artificial intelligence start-up Manus, recently acquired by Meta, launched a new desktop application Monday that brings its AI agent directly onto personal laptops. The company’s general agent — which…
Orlando Bravo speaking at CNBC’s Delivering Alpha, 220928 Scott Mlyn | CNBC Orlando Bravo, founder and managing partner of Thoma Bravo, pushed back on mounting criticism of private markets, saying deep sector expertise is separating winners from losers as artificial intelligence creates disruption across the software industry. “We have been living in the details of…
Microsoft AI CEO Mustafa Suleyman speaks during an event highlighting Microsoft Copilot, the company’s AI tool, on April 4, 2025 in Redmond, Washington. The company also celebrated its 50th anniversary. Stephen Brashear | Getty Images News | Getty Images Microsoft said Tuesday that it’s bringing together the engineering groups for its commercial and consumer Copilot…
Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday that unemployment for new college graduates “could easily go into the mid-30s in the next couple of years.” “So much of the work is going…
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian said on Wednesday that it’s eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence. “We are…
Oracle shares rose 8% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Management pushed up its fiscal 2027 revenue forecast by $1 billion to $90 billion. Analysts polled by LSEG had anticipated $86.60 billion. Oracle sees $1.92 and…
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled…
