Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to…
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…
Jaque Silva | Nurphoto | Getty Images Google-owned YouTube on Tuesday said it will soon allow previously banned accounts to apply for reinstatement, rolling back a policy that had treated violations as permanent. The change applies to channels removed for posting Covid-19 or election-related misinformation, according to a letter from Alphabet lawyer Daniel Donovan to…
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…
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter. The stock rose in extended trading. Here’s how the company did in comparison with…
Bloomberg | Bloomberg | Getty Images Amazon and the Federal Trade Commission are squaring off in a long-awaited trial over whether the company duped users into paying for Prime memberships. The lawsuit, filed by the FTC in June 2023 under the Biden administration, alleges that Amazon deceived tens of millions of customers into signing up…
Edward Woodford, founder and CEO of crypto infrastructure firm zerohash. Courtesy: zerohash Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned. The Series D round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are…
U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC this week. H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups,…
U.S. Ambassador to China David Perdue speaks to reporters in Beijing on Sept. 23, 2025. CNBC | Evelyn Cheng BEIJING — A highly anticipated meeting between the U.S. and Chinese presidents is more likely to take place next year than this fall, U.S. Ambassador to China David Perdue said Tuesday. “We’re looking forward to getting…
President Donald Trump on Friday announced that the fee employers must pay for an H-1B visa will be raised to $100,000. Companies scrambled to respond, CNBC reported Saturday, and social media users are posting about what this change means for H-1B visa workers. Here’s a breakdown of the new H-1B fees: What did Trump change?…
