Illustration of OpenClaw logo on smartphone screen Sopa Images | Lightrocket | Getty Images OpenAI CEO Sam Altman said Sunday that the creator of the viral AI agent OpenClaw is joining the company, and that the service will “live in a foundation as an open source project that OpenAI will continue to support.” Previously called…
It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest…
Mesh Cube | Istock | Getty Images The stock market has been quick to punish software firms and other perceived losers from the artificial intelligence boom in recent weeks, but credit markets are likely to be the next place where AI disruption risk shows up, according to UBS analyst Matthew Mish. Tens of billions of…
Monday.com‘s stock plummeted more than 19% on Monday after the project management platform issued weak guidance as it grapples with rising concerns that artificial intelligence is disrupting the software business model. The Israel-based company called for revenue between $338 million and $340 million in the current quarter, short of the $343 million expected by analysts…
Megan Lieu is an influencer who makes content about tech and gives career advice on social media. Tech companies like Microsoft and Google are going after new users for their AI services the way any marketer tries to make their products look cool: through social media influencers. Other artificial intelligence players, including OpenAI, Anthropic and…
The Anthropic AI logo is displayed on a mobile phone with a visual digital background. Nurphoto | Nurphoto | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic’s new AI tools, built for its Claude…
Engineer working with statistical analysis report. Digital technology and Artificial Intelligence (AI) concept. Kmatta | Moment | Getty Images Wall Street’s fears around artificial intelligence-driven disruption affecting software companies made their way into Asia on Wednesday, with tech stocks in the region tracking declines overnight in U.S. peers. Japanese software firms in Asia led declines…
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber has confirmed. The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by…
ServiceNow CEO Bill McDermott looks on during an “Invest America” roundtable discussion with US President Donald Trump in the State Dining Room of the White House in Washington, DC on June 9, 2025. Brendan Smialowski | AFP | Getty Images ServiceNow topped Wall Street’s fourth-quarter estimates after the bell on Wednesday, but shares fell more…
Benito Aguilar | Twenty20 Jason Gewirtz is vice president of news at CNBC. What follows is a personal account of his experience with a scammer. Last week my cell phone rang. It was about 1:30 p.m., and the iPhone ID showed the 650 area code, which I recognized as the San Francisco Bay Area. The caller…
