Apollo Global Management‘s David Sambur told CNBC on Thursday that the selloff in software stocks from fears of artificial intelligence disruption is far from over. “I unfortunately think it’s very early,” Sambur, who is co-head of private equity, told CNBC’s “Money Movers.” Some Wall Street analysts have been comforted by the recent rebound in the…
Samuel Boivin | Nurphoto | Getty Images OpenAI will combine its web browser, ChatGPT app and Codex coding app into a singular desktop super app, CNBC confirmed on Thursday. Fidji Simo, OpenAI’s CEO of Applications, will oversee the change with assistance from OpenAI President Greg Brockman, according to a spokesperson. The new app aims to…
A worker delivers Amazon packages in San Francisco on Oct. 24, 2024. David Paul Morris | Bloomberg | Getty Images Amazon has acquired Rivr, a Swiss robotics company developing machines for “doorstep delivery,” the company confirmed Thursday. Terms of the deal weren’t disclosed. Amazon quietly purchased the company earlier this week, but it didn’t publicize…
Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma’s downward slide this year, driven by concerns about artificial intelligence, intensified over the past two days after Google intoduced an AI-powered design product. On Tuesday, Google…
Pavlo Gonchar| SOPA Images | Lightrocket | Getty Images A day after announcing that it will be shutting down Horizon Worlds for Quest virtual reality headsets, Meta has changed course. The company said Wednesday that the VR platform will remain available “for the foreseeable future.” “We have decided, just today in fact, that we will…
Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…
The Rivian R2 is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up…
European companies that import semiconductors from Asia are tapping into backup stores and paying more for deliveries as the Iran war causes disruption to air freight routes through the Middle East, industry insiders have told CNBC. The Iran war has caused turmoil to cargo routes as shipping and airports have been targeted since the war…
China is making a big push for widespread adoption of artificial intelligence, and the nation’s tech powerhouses are holding public events to help everyday people get OpenClaw, the viral personal digital assistant. “It seems everyone around me – my colleagues and friends — has it,” new user Gong Sheng said as he waited to get…
An Amazon worker unloads packages in New York, Nov. 29, 2024. David Dee Delgado | Getty Images Amazon on Wednesday addressed its business relationship with the U.S. Postal Service, saying in a blog post that contract renewal negotiations with the carrier fell apart in December when the Postal Service “abruptly walked away at the eleventh…
