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CNBC Daily Open: Trump-Xi summit delivers Wall Street boost
U.S. President Donald Trump speaks at a state banquet with Chinese President Xi Jinping (not pictured) at the Great Hall of the People in Beijing, China, May 14, 2026. Evan Vucci | Reuters Hello, this is Dylan writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Wall Street was riding high […]
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Cerebras IPO mints two billionaires, sets stage for potential AI wave
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds the Wafer Scale Engine 3 AI chip during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images The tech billionaires club has two new members after Cerebras’ […]
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Cerebras almost doubles in Nasdaq debut, topping $100 billion market cap after blockbuster IPO
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s […]
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Hantavirus outbreak isn’t another Covid pandemic – but experts say it’s testing U.S. readiness
A cruise ship outbreak of hantavirus has rattled the public and reignited fears of another global health scare as passengers disperse across multiple countries, including the U.S. The World Health Organization reported 11 cases linked to the outbreak as of Tuesday, nine of which it confirmed, including three deaths. No Americans have tested positive as […]
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U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol
Key Points U.S. Treasury Secretary Scott Bessent spoke with CNBC’s Joe Kernen from the sidelines of the U.S.-Chinese presidents’ meeting in Beijing. Bessent said the two countries would establish a protocol for AI safety, adding they were having a “wholesome” dialogue because the U.S. is “in the lead” in the race to develop the technology. […]
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CNBC Daily Open: Trump touches down in Beijing as U.S. inflation heats up
US President Donald Trump (C) is greeted by China’s Vice President Han Zheng as SpaceX, Twitter and electric car maker Tesla CEO Elon Musk (R) looks on at Beijing Capital Airport in Beijing on May 13, 2026. Brendan Smialowski | AFP | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome […]
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Inside India newsletter: Trump-Xi meeting could test India’s positioning as China counterweight
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. For more than two decades, consecutive U.S. administrations have seen India as a counterbalance to China’s growing influence in the Indo-Pacific. But the current U.S […]
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Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami
Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in at […]
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Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony reveals
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Elon Musk’s courtroom battle with Sam Altman over the last couple weeks has primarily revolved around the evolution of OpenAI. But it’s also shined a […]
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AI-driven cyberattacks will start to be the ‘new norm’ in months, Palo Alto warns
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals. Seksan Mongkhonkhamsao | Moment | Getty Images Palo Alto Networks tech chief Lee Klarich said companies are losing time to step up software defenses as hackers increasingly exploit […]
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