Artificial intelligence
Why this VC bet on $3 billion AI firm ElevenLabs after one meeting with the founder
Carles Reina, GTM manager at Eleven Labs, shared why he invested in AI company. Eleven Labs The angel investor who backed a billion-dollar AI startup when it was still in its infancy said he decided to invest in the company after just 30 minutes of meeting one of its founders. Carles Reina first decided to […]
Read More
Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category. Alibaba Alibaba on Thursday announced pricing for its upcoming artificial intelligence glasses and launched a new chatbot powered by its latest AI models. The Chinese technology […]
Read More
I joined a 24-hour ‘vibe coding’ hackathon and helped build an app – here are my biggest takeaways
CNBC correspondent Ernestine Siu attended an AI hackathon. Courtesy of Ernestine Siu I like to spend most of my weekends taking workout classes with friends, exploring new restaurants or vegging out on the couch with a movie on. The past weekend, however, was unique. Instead of the usual routine, I chose to immerse myself in […]
Read More
For workers in young, hot world of AI careers, the dream payday is as often ending as layoff nightmare
Jose Luis Pelaez Inc | Digitalvision | Getty Images At around the same time Accenture announced its investment in data labeling startup Snorkel AI to power its financial services clients in August, the startup announced it was laying off about 13% of its staff. It wasn’t alone. When Meta took a massive stake in Scale […]
Read More
Country music star Martina McBride’s warning on ‘terrifying’ AI deepfake scam threat to artists and fans
In May, country singer Martina McBride appeared before the Senate Judiciary Subcommittee on Privacy, Technology and the Law at a hearing to speak out against AI-generated deepfakes. Last week, she expanded on her testimony at the CNBC AI Summit in Nashville. McBride, along with Recording Industry Association of America chief policy officer Morna Willens, spoke […]
Read More
Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks
Concerns about an artificial intelligence bubble are on the rise — but many investors are willing to put them to one side in the quest for mounting returns. In the most recent iteration of Bank of America’s Global Fund Managers Survey, a potential AI bubble was identified as the biggest tail risk to markets. The […]
Read More
Netflix ‘all in’ on leveraging AI as the tech creeps into entertainment industry
Sopa Images | Lightrocket | Getty Images Netflix is “all in” on leveraging generative artificial intelligence on its streaming platform, according to the company, as AI continues to make its way into mainstream entertainment. The comments came from Netflix’s earnings report Tuesday, which highlighted AI as a major focus for the world’s largest streaming service […]
Read More
Are we in an AI bubble? Here’s what analysts and experts are saying
Nicoletaionescu | Istock | Getty Images It is tech’s biggest question, and there is a wide range of takes on every side. With artificial intelligence-driven spending leading to record deals and valuations, seemingly everyone is weighing in on the AI boom — and potential bust. Economic bubbles happen with a rapid rise in market values […]
Read More
CoreWeave CEO says Core Scientific ‘not a need to have’ as shareholder opposition to deal rises
CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty Images CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal. In […]
Read More
The S&P 500 has turned into an AI index. These stocks will help diversify your portfolio in case the trend has a setback
With valuations sky high for artificial intelligence stocks, investors may want to start thinking of a backup plan, according to Trivariate Research founder Adam Parker. The plan includes making a list of diversified stock ideas outside of AI, particularly because the S & P 500 is heavily weighted in tech and AI-related names. “Our quality-adjusted […]
Read More