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Boston Celtics sold for $6.1 billion to group led by private equity executive Bill Chisholm
The Boston Celtics hang the 2024 NBA championship banner at TD Garden. Danielle Parhizkaran | Boston Globe | Getty Images A group led by private equity executive Bill Chisholm is buying the NBA’s Boston Celtics at a valuation of $6.1 billion, the team’s ownership announced Thursday. Private equity firm Sixth Street is part of the […]
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CNBC’s Inside India newsletter: Elon Musk’s Starlink gets access to India, but its success rests on two billionaires
Indian Prime Minister Narendra Modi meets with Elon Musk in New York, U.S., on June 20, 2023. Indian Press Information Bureau | Anadolu Agency | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind […]
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SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images SoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The company expects the deal to close in […]
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Nvidia’s Huang says faster chips are the best way to reduce AI costs
Nvidia CEO Jensen Huang introduces new products as he delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025. Josh Edelson | AFP | Getty Images At the end of Nvidia CEO Jensen Huang’s unscripted two-hour keynote on Tuesday, his message was clear: Get the fastest chips that […]
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Google, Apple hit with EU antitrust actions under cloud of Trump tariff threats
A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | Reuters European Union regulators are taking steps to rein in Google and Apple on antitrust charges, even as U.S. President Donald […]
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China markets are set to outperform Wall Street as U.S. ‘exceptionalism’ comes to a pause
The Chinese national flag fluttering with the Lujiazui Financial District in the background. Vcg | Visual China Group | Getty Images A rally in Chinese stocks since the start of the year is prompting investors to predict that mainland shares will outperform their American peers in a sign that attractive valuations are trumping the idea […]
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Google-Wiz deal is ‘litmus test’ for Trump administration’s handling of Big Tech
The Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024. Gabby Jones | Bloomberg | Getty Images Seven months ago, Alphabet lost a marquee case against the Biden administration’s Justice Department, which accused the company of maintaining an illegal monopoly in search. Weeks earlier, Google’s pursuit of cybersecurity vendor […]
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Nvidia announces Blackwell Ultra and Rubin AI chips
Nvidia CEO Jensen Huang arrives to attend the opening ceremony of Siliconware Precision Industries Co. (SPIL)’s Tan Ke Plant site in Taichung, Taiwan Jan. 16, 2025. Ann Wang | Reuters Nvidia announced new chips for building and deploying artificial intelligence models at its annual GTC conference on Tuesday. CEO Jensen Huang revealed Blackwell Ultra, a […]
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Nvidia, GM announce deal for AI, factories and next-gen vehicles
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 18, 2025. David Paul Morris | Bloomberg | Getty Images General Motors and Nvidia have agreed to a strategic collaboration that includes the automaker using several products and artificial […]
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AI scammers on Amazon duped investors out of millions with ‘passive income’ scheme, FTC alleges
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of […]
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