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OpenAI has committed billions to recent chip deals. Some big names have been left out
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images In November, following Nvidia’s latest earnings beat, CEO Jensen Huang boasted to investors about his company’s position in artificial intelligence […]
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AI chip trade, Saks’ bankruptcy woes, Trump’s health-care plan and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. This week isn’t even over yet, but I’m already gearing up for next week’s big events: the World Economic Forum in Davos, a major Supreme Court case and Netflix earnings. S&P 500 futures are higher this morning after yesterday’s winning […]
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Wikipedia parent partners with Amazon, Meta, Perplexity on AI access
Riccardo Milani | Afp | Getty Images Wikimedia announced new deals with several artificial intelligence companies in a blog post on Thursday, including Amazon, Meta and Perplexity, as part of the company’s 25th anniversary. Through the new partnerships under Wikimedia Enterprise, companies will pay Wikipedia to use its data to help develop and train AI […]
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Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless
Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of dollars in less than a year” and failed to hold up their agreement. When Saks acquired Neiman Marcus for $2.7 […]
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NBCUniversal strategically leans into sports as it prepares for ‘Legendary February’
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. NBC is about to have itself a “legendary” month. “Legendary February,” a marketing tagline invented […]
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Amazon launches its ‘sovereign’ cloud in Europe and plots expansion
People walk past the logo of Amazon Web Services (AWS) at its exhibitor stall at the India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. Anushree Fadnavis | Reuters Amazon launched its “sovereign cloud” offering in Europe on Thursday in a move designed to keep it […]
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Stock futures are little changed after S&P 500, Dow slide for two straight sessions: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on January 14, 2026 in New York City. Michael M. Santiago | Getty Images Stock futures were near flat Wednesday night as the S&P 500 comes off of two consecutive days of losses. Futures tied to the Dow Jones Industrial Average […]
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Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker’s IPO
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI. Nathan Laine | Bloomberg | Getty Images AI chipmaker Cerebras has signed a deal with OpenAI to deliver 750 megawatts of computing power […]
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Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection
Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., Jan. 6, 2026. Angelina Katsanis | Reuters Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for bankruptcy protection after running out of cash and failing […]
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Data center REIT CEO says real estate ‘not in an oversupply state’
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. As hyperscalers like […]
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