Benchmark general partner Bill Gurley on Monday said the artificial intelligence wave is real and a lot of people got rich quick, but he expects a “reset” to come. “When people get rich quick, a whole bunch of people come in and want to get rich too, and that’s why we end up with bubbles,”…
At Nvidia’s annual developer conference on Monday, CEO Jensen Huang took the stage to a packed house and said he expects purchase orders between Blackwell and Vera Rubin to reach $1 trillion through 2027. Last year, the company had projections for a $500 billion revenue opportunity between the two chip technologies. Following Nvidia’s earnings report…
While attending college at the Indian Institute of Information Technology, Allahabad, Suras Nayak knew he wanted to leave his hometown of Hyderabad, India, and travel the world. “When I was growing up, I always had this idea somewhere behind my head that I always wanted to move abroad, but I was a little bit influenced…
Travis Kalanick, chief executive officer of City Storage Systems (CSS) during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, US, on Friday, Feb. 21, 2025. Zak Bennett | Bloomberg | Getty Images Uber founder and ex-CEO Travis Kalanick has renamed his latest venture as Atoms and said on Friday that he’s expanding…
Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company’s chair. Shares tumbled 7% in extended trading. Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses…
The logos of World Economic Forum (WEF) and Amazon are displayed during the 56th annual World Economic Forum (WEF) meeting, in Davos, Switzerland, Jan. 20, 2026. Romina Amato | Reuters Amazon convened an internal meeting on Tuesday to address a string of recent outages, including one tied to AI-assisted coding errors, CNBC has confirmed. Dave…
Microsoft CEO Satya Nadella attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. Denis Balibouse | Reuters Microsoft threw its support behind Anthropic on Tuesday, saying a judge should issue a restraining order that would block the Pentagon’s designation of the artificial intelligence giant as a supply chain risk…
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…
The front page of the social media website Moltbook on a computer monitor in Washington, Feb. 2, 2026. Raphael Satter | Reuters Meta has acquired Moltbook, the viral social media platform for artificial intelligence agents, the company confirmed Tuesday. The deal brings Moltbook CEO Matt Schlicht and COO Ben Parr into Meta Superintelligence Labs, the…
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 rebounded from early declines and oil tumbled to the low $80s after the International Energy Agency said it met with G7 Energy Ministers in Paris to…
