Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday that unemployment for new college graduates “could easily go into the mid-30s in the next couple of years.” “So much of the work is going…
NFL Commissioner Roger Goodell at the CNBC CEO Council in Arizona, May 19, 2025. Chris Coduto | CNBC The NFL and Paramount Skydance‘s renewal talks on a deal to keep the league’s Sunday games on CBS are beginning to take shape, CNBC has learned. NFL and CBS executives are negotiating a price increase, with a…
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…
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Less than six weeks after Elon Musk merged SpaceX and xAI in a deal he valued at $1.25 trillion, the world’s richest person…
People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague’s retirement when his boss, Jamie Dimon, called Petno over. It was March…
Advocacy groups and community members protest laws surrounding data centers while outside the Texas Capitol in Austin Monday, Feb. 23, 2026. Austin American-statesman/hearst Newspapers | Hearst Newspapers | Getty Images The companies racing to build the massive infrastructure needed for the artificial intelligence boom are facing growing backlash over electricity costs, as households and policymakers question…
CHENGDU, CHINA – SEPTEMBER 28: Two women walk past the Tesla storefront on September 28, 2024, in Chengdu, China. Tesla continues to expand its presence in China, showcasing its electric vehicles and promoting its Gigafactory innovations. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty Images News | Getty Images Tesla’s China-made electric vehicle sales…
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images OpenAI CEO Sam Altman met with a handful of lawmakers in Washington, D.C. where Sen. Mark Kelly, D-Ariz., said he raised some “serious questions” about the company’s approach to warfare and its recent…
Palantir CEO Alex Karp told CNBC on Thursday that artificial intelligence is giving the U.S. and its allies an edge in the escalating conflict in Iran and across the Middle East. “What makes America special right now is our lethal capabilities, our ability to fight war,” Karp said at Palantir’s AIPcon 9 in Maryland. He added that…
The artificial intelligence spending blitz has the memory industry dancing to a new tune. Shares of Micron are up more than 370% over the past year, while Sandisk, which only listed in February of last year, is up more than 1100%. For decades, memory stocks were stuck in a trader’s game, a boom-bust-repeat pattern, but…
