Advanced Micro Devices Inc
Mistral secures $830 million in debt financing to fund AI data center
French AI startup Mistral said Monday it has secured $830 million in debt financing to fund a data center powered by thousands of Nvidia chips. Founded in 2023, Mistral is one of the few European startups building foundational AI models, looking to compete with the likes of OpenAI and Anthropic, albeit with a far smaller […]
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Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes
Meta Platforms Chief Executive Mark Zuckerberg (C) arrives for a meeting U.S. Sen. Majority Leader John Thune (R-SD) on Capitol Hill on March 26, 2026 in Washington, DC. Andrew Harnik | Getty Images A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025. […]
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Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta is boosting its spending commitment on a forthcoming AI data center in West Texas by more than sixfold to $10 billion, with an aim […]
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Dow jumps 300 points as oil falls after U.S. reportedly sends Iran peace plan: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on March 24, 2026. Angela Weiss | AFP | Getty Images Stocks jumped on Wednesday following reports that the U.S. has given Iran a plan to bring the conflict to an end, sending crude prices tumbling. […]
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Microsoft’s diversity chief is leaving as company continues ‘AI-powered transformation’
The Microsoft corporate logo is illuminated at the Fira Gran Via booth during the Mobile World Congress in Barcelona, Spain, on March 5, 2026. Joan Cros | Nurphoto | Getty Images Microsoft chief diversity officer Lindsay-Rae McIntyre is the latest executive to leave the software company as it enacts human resources changes to capitalize on […]
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Hugo Barra’s return to Meta 5 years after exit underscores Zuckerberg’s AI urgency
Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra’s first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he’s been gone, Meta’s obsession […]
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Arm jumps 13% in premarket after saying first in-house chip set to generate $15 billion in revenue
Rene Haas, chief executive officer of Arm Holdings Plc, holds the AGI CPU chip during the Arm Everywhere event in San Francisco, California, US, on Tuesday, March 24, 2026. David Paul Morris | Bloomberg | Getty Images Arm jumped in early market trading Wednesday after the company said its newly released in-house chip would generate […]
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SK Hynix files confidentially for U.S. listing as it rides ‘unprecedented growth’ in memory market
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images SK Hynix revealed Wednesday that it made a confidential filing with the U.S. Securities and Exchange Commission for a potential listing on Wall Street […]
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OpenAI raises additional money to bring record funding round to $120 billion, CFO tells Cramer
OpenAI is raising an additional $10 billion from investors as part of its historic funding round, CFO Sarah Friar told CNBC’s Jim Cramer on Tuesday. The fresh capital brings OpenAI’s record fundraise to “north of $120 billion,” Friar said in an interview on “Mad Money.” That well exceeds the ChatGPT creator’s initial target of $100 […]
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Arm stock pops 6% as CEO Haas issues $15 billion revenue expectation for new chip
Arm Holdings stock popped 6% in after-hours trading on Tuesday as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025. Haas unveiled Arm’s first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer. CNBC got an exclusive first […]
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