OpenAI CEO Sam Altman listens to questions at a Q&A following a tour of the OpenAI data center in Abilene, Texas, Sept. 23, 2025. Shelby Tauber | Reuters This week, OpenAI redefined what momentum — and risk — look like in the artificial intelligence arms race. Now comes the hard part: Executing on CEO Sam…
Thomas Lohnes | Getty Images The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services. According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images ABILENE, Texas — Sam Altman stood on a patch of hot Texas dirt, the kind that turns to dust storms on…
Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia. Reuters ABILENE, Texas – Sam Altman had a deadline. OpenAI’s CEO was headed to Texas to unveil his company’s next big infrastructure push, and Nvidia CEO Jensen Huang wanted in on the action. Through a series of hurried negotiations, late-night calls and last-minute…
ABILENE, Texas — OpenAI and Oracle are betting big on America’s AI future, bringing online the flagship site of the $500 billion Stargate program, a sweeping infrastructure push to secure the compute needed to power the future of artificial intelligence. The debut site in Abilene, Texas, about 180 miles west of Dallas, is up and…
Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024. Stringer | Reuters Shares of Adani Group companies rose sharply Monday, led by Adani Power, which surged nearly 20% after its five-for-one stock split took effect. A company generally carries out a stock split to make its shares…
The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 16, 2024. Jason Alden | Bloomberg | Getty Images LONDON — European stocks opened higher on Thursday, as traders evaluated the U.S. Federal Reserve’s rate cut on Wednesday. The pan-European Stoxx 600 was 0.5% higher by 8:18 a.m. in London (3:18…
StubHub CEO Eric Baker said Wednesday that recently introduced federal regulations around transparent ticket pricing will cause a “one-time” hit to its financial results. Revenue is expected to dip year over year as consumers digest the new rules, Baker told CNBC, which require online ticket sellers to prominently show the total cost upfront. “We’ve seen…
CNBC’s Jim Cramer explained why he thinks newly-minted IPO Klarna is a buy even after shares climbed during its first trading session. “While Klarna roared right out of the gate, the stock hasn’t gone to an insane valuation yet. I think the numbers look good, so I think it can be bought at these levels,”…
Brad Lightcap, Chief Operating Officer at OpenAI, attends a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023. Eric Gaillard | Reuters Sam Altman needed someone to manage the finances. It was 2018, and OpenAI was still a nonprofit research outfit with 40 employees, no consumer product and no…
