Alphabet Class A
Applied Materials lays off 4% of workforce
Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Chip equipment manufacturer Applied Materials is laying off 4% of its workforce. The company on Thursday began notifying impacted employees around the world “across all levels and groups,” it said in a […]
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Microsoft AI chief says company won’t build chatbots for erotica
Mustafa Suleyman CEO and co-founder of Inflection AI speaks during the Axios BFD event in New York City, U.S., October 12, 2023. Brendan Mcdermid | Reuters Microsoft AI CEO Mustafa Suleyman said the software giant won’t build artificial intelligence services that provide “simulated erotica,” distancing itself from longtime partner OpenAI. “That’s just not a service […]
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Stocks making the biggest moves after hours: Intel, Ford, Deckers, Newmont and more
Check out the companies making headlines in after-hours trading. Alphabet — Shares of search engine giant Alphabet ticked 1% higher after Anthropic and Google officially announced their cloud partnership Thursday. The deal, worth tens of billions of dollars, gives Anthropic access up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Ford Motor […]
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Disney warns ESPN, other networks may go out on YouTube TV at the end of the month
ESPN and YouTube TV. David Buono | Icon Sportswire | Jaque Silva | NurPhoto | Getty Images Just a month after reaching an agreement with NBCUniversal to avoid dropping its networks, YouTube TV has another potential blackout on its hands — this time with Disney. Disney said Thursday it would begin running public messages for […]
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Google and Anthropic announce cloud deal worth tens of billions of dollars
Anthropic and Google officially announced their cloud partnership Thursday, a deal that gives the artificial intelligence company access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. The deal, which is worth tens of billions of dollars, is the company’s largest TPU commitment yet and is expected to bring well over […]
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Trump White House ballroom financed by Big Tech and these other corporate donors
U.S. President Donald Trump speaks holding a photos of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC on October 22, 2025. Salwan Georges | The Washington Post | Getty Images Big Tech and other publicly traded companies are helping to […]
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White House East Wing demolition nearly complete to make room for Trump ballroom
Work continues on a largely demolished part of the East Wing of the White House, Thursday, Oct. 23, 2025, in Washington, before construction of a new ballroom. Jacquelyn Martin | AP The demolition of the White House East Wing is nearly complete as President Donald Trump pushes ahead with plans to build a massive ballroom, […]
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Quantum stocks stayed higher after Trump administration’s denial of equity talks. Here’s why
The Trump administration is pouring cold water on a report that it’s “currently” in talks to take equity stakes in quantum computing companies like IonQ, Rigetti Computing, and D-Wave Quantum, but shares in each of the companies were still comfortably higher Thursday. “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” […]
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CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue […]
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Reddit sues Perplexity for scraping of posts, expanding user data battle with AI industry
Thomas Fuller | Lightrocket | Getty Images Social media giant Reddit has launched a lawsuit against artificial intelligence company Perplexity, alleging that it illegally scraped user posts to train its AI model, marking the latest data-rights clash between content owners and the AI industry. The complaint filed in New York federal court on Wednesday also […]
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