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Oura reaches $11 billion valuation with new $900 million fundraise
The Oura Ring 4 Courtesy: Oura Oura said Tuesday that it raised over $900 million in a new Series E funding round, bringing the company’s valuation to $11 billion. The fundraise, led by Fidelity Management & Research Company, also includes new investor ICONIQ and contributions from Whale Rock and Atreides. “With this investment, we will […]
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OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals
Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his […]
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OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI DevDay Ashley Capoot | CNBC Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur. But the company at the center of the current boom is a different kind […]
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AMD stock continues rally after OpenAI deal, now up 43% this week so far
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty Images AMD stock climbed 11% on Wednesday, continuing a massive run since OpenAI announced plans to buy billions of dollars […]
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Jensen Huang says Trump’s H-1B changes would’ve prevented his family from immigrating
Nvidia CEO Jensen Huang said Wednesday that his family’s immigration to the U.S. “would not have been possible” with the Trump administration’s current policy. President Donald Trump announced in September that employers would have to pay a $100,000 fee for each H-1B visa, a temporary worker visa granted to foreign professionals with specialized skills. Huang, […]
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AMD’s deal with OpenAI gives Nvidia much-needed challenger in market it dominates
Lisa Su, CEO of AMD, left, and Jensen Huang, CEO of Nvidia Benoit Tessier | Ritzau Scanpix | Mads Claus Rasmussen | Reuters In the 1990s, when Intel dominated the PC chip market, the semiconductor maker needed Advanced Micro Devices to exist as a viable No. 2 to help avoid being charged with monopolistic behavior. […]
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Oracle stock slips 5% on report company is seeing thin cloud margins from Nvidia chips
The Stargate AI data center under construction in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Kyle Grillot | Bloomberg | Getty Images Oracle stock slipped […]
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Qualcomm acquires Italian hardware company Arduino to push deeper into robotics
The Qualcomm Incorporated logo is being displayed at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. Joan Cros | Nurphoto | Getty Images Qualcomm wants to get closer to robot makers. The company said Tuesday that it’s acquiring Arduino, an electronics maker whose inexpensive programmable circuit boards and computers […]
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OpenAI DevDay live: Jony Ive says pace of change in AI is ‘extraordinary’
OpenAI DevDay 2025 is complete That’s a wrap on this year’s DevDay! Altman and Ive exited the stage, and the attendees are leaving the venue to head outside for a reception. Thanks for following along with CNBC. —Ashley Capoot Ive hopes to build tools that ‘make us happy’ In closing, Altman asked Ive what he […]
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AI Sam Altman and the Sora copyright gamble: ‘I hope Nintendo doesn’t sue us’
Samuel Boivin | Nurphoto | Getty Images OpenAI launched short-form video app Sora this week, and users have flooded the platform with artificial intelligence-generated clips of popular brands and animated characters. The startup could soon face a deluge of copyright lawsuits, experts told CNBC. “A lot of the videos that people are going to generate […]
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