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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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Amazon acquires ‘approachable’ humanoid maker Fauna Robotics
Fauna CEO Rob Cochran with a Sprout robot. Courtesy: Fauna Robotics Amazon has acquired Fauna Robotics, a startup that builds “approachable” humanoid robots for consumers and businesses, the company confirmed Tuesday. Terms of the deal weren’t disclosed. “We are excited about Fauna’s vision to build capable, safe, and fun robots for everyone,” an Amazon spokesperson told CNBC […]
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Pentagon ban of Anthropic faces judge; Claude AI maker seeks injunction
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images U.S. District Judge Rita Lin said Tuesday that the decision by the Pentagon to blacklist Anthropic’s Claude artificial intelligence models “looks like an attempt to […]
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OpenAI shutters short-form video app Sora as company reels in costs
Six months after launching the Sora app and seeing it quickly go viral, OpenAI is shuttering the service, the company said on Tuesday. “We’re saying goodbye to Sora. To everyone who created with Sora, shared it, and built community around it: thank you,” OpenAI wrote in a post on X. “What you made with Sora […]
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Google partners with Agile Robots, growing its AI robotics footprint
Intrinsic’s flagship product, Flowstate, is a web-based platform that allows users to build robotic applications without having to write thousands of lines of code. Intrinsic Google is adding another robotics partnership to its belt as it leans into robotics as a key bet for artificial intelligence. Agile Robots develops intelligent, sensor-based robotic arms and humanoid […]
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World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC
Roughly 15% of TotalEnergies’ production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview. With Brent crude trading solidly above $100 a barrel, much of the attention has focused […]
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Arm releases first in-house chip, with Meta as debut customer
For more than 35 years, Arm Holdings has licensed its instruction sets to the world’s biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physical silicon of its own for the first time. Arm CEO Rene Haas unveiled his company’s first in-house chip on Tuesday at […]
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Amazon’s Zoox to debut robotaxis in Austin, Miami later this year as it awaits paid ride approval
A Zoox autonomous robotaxi in San Francisco on Dec. 4, 2024. David Paul Morris | Bloomberg | Getty Images Amazon‘s Zoox self-driving unit is preparing to launch its robotaxi service to some members of the public in Austin and Miami later this year, the company announced Tuesday. Zoox will soon deploy its toaster-shaped robotaxis, which […]
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Databricks enters cybersecurity market with Lakewatch launch, bulking up ahead of IPO
Ali Ghodsi, CEO of Databricks speaks on CNBC. CNBC Databricks has grown from startup into major software company, generating billions by processing data and running generative artificial intelligence models for clients. For its next leg of growth, it’s turning to cybersecurity with a new offering called Lakewatch. Adobe and National Australia Bank are currently using […]
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FedEx launches same-day delivery with OneRail as Amazon, Walmart boost their speeds
FedEx is launching a same-day shipping program with last-mile delivery company OneRail, just after Amazon announced it will start offering quicker shipping times, CNBC has learned exclusively. The new partnership means customers now have a definite “by end-of-day offering,” according to Jason Brenner, FedEx’s senior vice president of digital. “Our value prop is about speed, […]
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