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OpenAI strikes deal with Pentagon, hours after rival Anthropic was blacklisted by Trump
Sam Altman, chief executive officer of OpenAI Inc., at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI CEO Sam Altman said late Friday that his company has agreed to terms with the Department of Defense on use of its artificial intelligence models, […]
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How Amazon’s massive stake in OpenAI could boost its AI and cloud businesses
Amazon on Friday unveiled a strategic partnership with OpenAI that includes an investment of up to $50 billion, the latest sign of deepening ties between the tech giant and the maker of ChatGPT. As part of the deal, OpenAI will use more Amazon Web Services infrastructure, including a commitment to deploy 2 gigawatts of the […]
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Nvidia’s stock wrapping up tough week as Wall Street focuses more on competition than growth
Nvidia CEO Jensen Huang speaks during a dinner event with the company’s Taiwanese suppliers in Taipei, Taiwan, on Saturday, Jan. 31, 2026. Lam Yik Fei | Bloomberg | Getty Images Nvidia reported blowout earnings on Wednesday and issued a better-than-expected forecast showing accelerating growth. CEO Jensen Huang proclaimed that “compute demand is skyrocketing.” Investor concerns […]
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Here’s an update on our 4th Industrial Revolution stocks and the rest of the portfolio
On Friday, the CNBC Investing Club held its February Monthly Meeting, where Jim Cramer and Director of Portfolio Analysis ran through each stock in the portfolio. Jim put a special focus on the Club stocks within the artificial intelligence trade. He’s dubbed them the “Fourth Industrial Revolution stocks,” borrowing the term from Nvidia CEO Jensen […]
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Sam Altman aims to ‘help de-escalate’ tensions with Pentagon as OpenAI employees voice support for Anthropic
Sam Altman, chief executive officer of OpenAI Inc., at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI CEO Sam Altman told staffers late Thursday that he would like the company “try to help de-escalate things” between rival Anthropic and the Department of […]
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Jim Cramer: Here are 4 reasons I can’t be negative on this stock market
Stocks fell on Friday after a key inflation gauge came in much hotter than expected, and fears of AI disruption continued to rise. But CNBC’s Jim Cramer said there are four reasons why he remains bullish right now. “I am not going to be pessimistic when the 10-year [Treasury] is going down in yield,” he […]
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Apple appears to be sitting out the AI arms race. Will the strategy work?
Unlike many of its Big Tech counterparts, Apple has refrained from spending massive amounts of money on artificial intelligence. Although that strategy has shareholders sweating, analysts in general aren’t worried. In fiscal 2025, Apple allocated $12.72 billion on capital expenditures likely tied to AI. That’s far less than what Alphabet , Meta , Microsoft and […]
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OpenAI closes $110 billion funding round with backing from Amazon, Nvidia, Softbank
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company. Amazon invested $50 […]
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The Tech Download: Software was going to eat the world. Now it’s facing an ‘existential’ crisis
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Back in 2011, venture capitalist Marc Andreessen published the now well-worn words: “software is eating the world.” Now, a debate is raging around how much software AI will eat. Many of the world’s most valuable software stocks have […]
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Smartphone market poised for ‘sharpest decline on record’ in 2026
KUALA LUMPUR, MALAYSIA – SEPTEMBER 19: Customers line up outside an Apple store ahead of the launch of the iPhone 17 series at Tun Razak Exchange (TRX) on September 19, 2025 in Kuala Lumpur, Malaysia. The iPhone 17 line represents the next generation of iPhones and accessories set to hit international markets. (Photo by Annice […]
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