Technology
Apollo’s Sambur says software’s AI troubles will persist, noting the ‘very large unknowns’
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 […]
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Amazon acquires startup Rivr to test robots for ‘doorstep delivery’
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 […]
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Apple bears are proven wrong yet again as iPhone defies the China slump narrative
Memory shortages. Way behind on AI. Tariff troubles. None of that seems to matter to Apple. It keeps selling tons of iPhones — bucking expectations, especially in China. iPhone sales in China surged 23% during the first nine weeks of 2026, in contrast to a 4% year-over-year decline in the entire smartphone market there, according […]
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Figma’s stock drops 11% in two days after Google releases ‘vibe design’ product
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 […]
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Meta backtracks on decision to end Horizon Worlds VR after fans speak up
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 […]
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Eli Lilly’s new shot shows solid weight loss in study — plus, a way for Nvidia to perk up
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday ‘ s key moments. 1. Stocks fell Thursday as oil prices continued higher. Brent international crude briefly touched $119 per barrel after Iran attacked a key LNG facility in Qatar. Tehran said […]
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Meta to cut back on third-party vendors in favor of AI for content enforcement
Arda Kucukkaya | Anadolu | Getty Images Meta is beginning a yearslong rollout of more advanced artificial intelligence systems that will handle content enforcement-related tasks like catching scams and removing illegal media, as the company reduces its use of third-party vendors and contractors in favor of AI. In a blog post Thursday, Meta said that […]
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Tesla faces intensifying NHTSA probe of ‘Full Self-Driving’ in reduced visibility
The editorial image shows the interior of the new Tesla Model 3 with Full Self-Driving activated. Nurphoto | Getty Images The National Highway Traffic Safety Administration has escalated an investigation into Tesla‘s “Full Self-Driving” systems, according to filings on the agency website out Thursday. The probe into Tesla’s FSD is looking into possible safety defects […]
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OpenAI to acquire developer tooling startup Astral in boost for Codex team
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images OpenAI on Thursday announced it’s acquiring Astral, a small startup that builds popular open source tools for software developers. Astral’s team will join OpenAI and help build out its artificial intelligence coding assistant […]
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Crypto.com lays off 12% of workforce in latest company to cite AI in job cuts
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 […]
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