Day: August 19, 2025
Silicon Valley’s AI deals are creating zombie startups: ‘You hollowed out the organization’
Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in […]
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Stocks making the biggest moves premarket: Intel, Palo Alto Networks, Best Buy and more
Check out the companies making headlines before the bell. Intel – Shares of the chipmaker jumped around 6% after it was announced that SoftBank will make a roughly $2 billion investment in the company, paying $23 per share for Intel’s common stock. This comes as the U.S. government reportedly has been considering taking a stake […]
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Apple just landed a key win for the global encryption fight
Key Points The U.S. government on Monday announced the U.K. would drop its demand for Apple to provide a “back door” to user data. The move represents a triumph for the iPhone maker and, more broadly, for end-to-end encryption. Tech companies say that building an encryption “back door” would not only undermine user privacy, but […]
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Home Depot maintains full-year forecast even as it misses on earnings for second straight quarter
General view of a Home Depot store in Midtown Manhattan on February 26, 2025 in New York City. Eduardo Munoz Alvarez | Corbis News | Getty Images Home Depot stuck by its full-year outlook on Tuesday, even as the company came in slightly shy of Wall Street’s expectations for quarterly earnings and revenue. The home […]
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Best Buy launches third-party marketplace as it looks for sales drivers
The exterior of a Best Buy store is seen on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales. Starting on Tuesday, shoppers who go to Best Buy’s website and […]
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Trump promised Ukraine ‘security guarantees’: Here’s what they could look like
U.S. President Donald Trump greets Ukrainian President Volodymyr Zelenskyy at the White House, amid negotiations to end the Russian war in Ukraine, in Washington, D.C., U.S., August 18, 2025. Kevin Lamarque | Reuters On the face of it, talks on Monday between U.S. President Donald Trump and Ukraine’s President Volodymyr Zelenskyy and European leaders went […]
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Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval
Jonathan Raa | Nurphoto | Getty Images Shein is considering moving its base back to China from Singapore in a bid to convince Beijing authorities to approve the e-commerce company’s Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers […]
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Nvidia working on new AI chip for China that outperforms the H20, Reuters reports
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted U.S. regulatory approval is far from guaranteed amid […]
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OpenAI launches cheapest ChatGPT plan at $4.6, starting in India
Jaque Silva | Nurphoto | Getty Images OpenAI on Tuesday launched a subscription plan in India priced at 399 rupees ($4.57) a month, the ChatGPT maker’s most affordable offering yet, as it looks to grow in its second-largest market by user base. The new plan, called ChatGPT Go, provides expanded access to the latest model […]
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CNBC Daily Open: OpenAI CEO, who sparked AI frenzy, worries about AI bubble
Sam Altman, CEO of OpenAI, speaks during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C, U.S., on July 22, 2025. Al Drago | Bloomberg | Getty Images There’s a bubble forming in the artificial intelligence industry, according to OpenAI CEO Sam Altman. “Are we in a phase […]
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