Artificial intelligence startup Sierra is raising nearly a billion dollars in a new funding round, CNBC has learned, as venture capital investors search for winners in an ongoing deal spree. The San Francisco-based company brought in $950 million in fresh capital at a $15.8 billion post-money valuation, led by Tiger Global and Google’s GV. Benchmark,…
Salesforce CEO Marc Benioff said Tuesday that “there has to be some regulation” of artificial intelligence, pointing to several documented cases of suicide linked to the technology. “This year, you really saw something pretty horrific, which is these AI models became suicide coaches,” Benioff told CNBC’s Sarah Eisen on Tuesday at the World Economic Forum’s…
Stocks eked out gains Friday and closed the week higher after the Federal Reserve’s favorite inflation gauge added to the case for an interest rate cut next week. For the week, the S & P 500 rose 0.3%, while the Nasdaq added nearly 1%. Both indexes logged back-to-back weekly gains. The Dow gained roughly 0.5%….
U.S. President Donald Trump gestures as he hosts a Rose Garden Club lunch at the White House in Washington, D.C., U.S., October 21, 2025. Kevin Lamarque | Reuters President Donald Trump said in a post on Thursday that the federal government was preparing to “surge” San Francisco, but he was swayed by Nvidia CEO Jensen…
Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images JPMorgan Chase and Goldman Sachs are harnessing it to employ fewer people. Ford CEO Jim Farley warned that it will “replace literally half of…
US President Donald Trump speaks to the press after disembarking from Air Force One upon arrival at Palm Beach International Airport in West Palm Beach, Florida, Oct. 17, 2025, as he travels to Mar-a-Lago for the weekend. Saul Loeb | AFP | Getty Images President Donald Trump is stepping up his calls to deploy the…
Ron Conway, founder of SV Angel, speaks during the TechCrunch Disrupt NYC 2015 conference in New York on May 4, 2015. Michael Nagle | Bloomberg | Getty Images Days after suggesting that President Donald Trump should send federal troops to San Francisco, Salesforce CEO Marc Benioff is facing some consequences. Prominent startup investor Ron Conway,…
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images As Salesforce welcomes tens of thousands of people to San Francisco for its annual Dreamforce conference, CEO Marc Benioff has found himself in the center of local controversy on…
Marc Benioff has long been a liberal-leaning San Francisco billionaire, a tech executive who funded homeless services. Donation in the city’s public schools, and hosted a Hillary Clinton fundraiser. But in a new, broader scope phone interview With The New York Times from his private plane, Benioff revealed a political shift that surprised even his…
Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024. Adek Berry | AFP | Getty Images LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an…
