Artificial intelligence is turning out to be far more expensive than anyone expected, and CFOs at major U.S. companies are now facing a brutal new trade-off: tokens or humans. That was the picture two enterprise AI CEOs at the center of the buildout described to CNBC this week. Their accounts of what’s happening inside the…
Nikos Pekiaridis | Nurphoto | Getty Images Spotify shares jumped 6% after the music streaming platform laid out updated guidance for 2030 at its first investor day since 2022. The company forecasted revenue at a compounded annual growth rate in the mid-teens and gross margins between 35% and 40%. Spotify referred to plans to reach…
For many people who got their first cellphones in the late 1990s or early 2000s, flip phones were chrome and neon portals into pop culture and newfound social circles with your peers. Now, the digital world — a constantly accessible gateway to millions of other people, information on every subject and breaking news from around…
The Peloton Tread+ and Bike+ during a media preview at Peloton headquarters in New York, US, on Tuesday, Sept. 30, 2025. Gabby Jones | Bloomberg | Getty Images Peloton posted fiscal third-quarter earnings results Thursday that beat Wall Street expectations on revenue but fell slightly short on earnings per share. The company touted better-than-expected equipment…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were drifting higher following an initial sluggish start to the week. Some semis and other AI infrastructure stocks were giving back some gains after their…
Bill Ackman’s Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal. UMG will form a newly merged company with Pershing Square and list on the New York Stock Exchange, according to the terms of the transaction, which is expected to close by the end of the…
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom said Monday that it’s agreed to produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic that will give the AI startup access to…
OpenAI CEO Sam Altman addresses the gathering at the AI Impact Summit, in New Delhi, India, February 19, 2026. Bhawika Chhabra | Reuters OpenAI announced that it has acquired the technology news podcast TBPN, the company announced Thursday. TBPN is a daily podcast hosted by John Coogan and Jordi Hays that covers technology news and…
Escalating geopolitical tensions in the Middle East and elevated oil prices continue to weigh on global stock markets. Investors aiming to invest in stocks for the long term, despite the ongoing volatility, can consider the recommendations of top Wall Street analysts. These experts assess macroeconomic factors and sector and company-specific drivers before assigning their ratings….
The Spotify music app is seen on a phone in New York City on June 4, 2024. Michael M. Santiago | Getty Images Streaming music apps have been nudging users into the artificial intelligence era with a limited track record of success. But AI-based recommendation tools from Apple, Amazon and pure-play streaming company Spotify are…
