Artificial intelligence
Why China’s Hangzhou has become a hotbed for billion-dollar tech startups
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email A city once known mainly for Alibaba is now shaping China’s next wave of challengers – from AI and robotics to gaming, spatial computing and neurotech – collectively known as the Six Little Dragons. But is this enough to turn Hangzhou into […]
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‘Humans are the most important part’ of investing, says a fund manager whose firm makes every call with algorithms
The internet was becoming mainstream in the late 90s, but Miro Mitev was head-down exploring something that wouldn’t become popular for decades: AI. Now an asset manager, Mitev was an early adopter of AI in finance after discovering the capabilities of neural networks in 1997 while studying at the Vienna University of Economics and Business. He told CNBC he saw the potential of neural networks for financial forecasts. “I fell in love […]
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5 major trends set to shape travel in 2026
Traveling is no longer just about the destination – or even the journey. It’s about the experience you walk away with. Since the end of Covid, experience‑led travel has continued to evolve, shifting away from checking off landmarks and more towards meaningful trips that help travelers connect with the people and places they visit. CNBC […]
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Here’s how AI could influence the Fed’s economic outlook
Key Points Members of the Federal Open Market Committee are factoring rising labor productivity in their economic forecasts. In a long-run “unbounded growth” scenario where AI is fully developed, up to 23% of workers may lose employment and labor productivity increases by as much as three to four times, according to a May 2025 research […]
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AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the […]
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Oracle stock dips 4% on report Blue Owl Capital won’t back $10 billion data center
The Oracle logo exhibited during the Mobile World Congress in Barcelona, Spain, Feb. 28, 2019. Joan Cros | NurPhoto | Getty Images Oracle stocks dipped about 4% on Wednesday following a report that discussions with Blue Owl Capital on backing a $10 billion data center in Michigan had stalled, although the cloud company later disputed […]
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Sheryl Sandberg says corporate climate ‘one of the worst’ she has ever seen
Former Meta COO Sheryl Sandberg warned that public displays of misogyny and “tech bro” rhetoric are damaging corporate culture at the world’s biggest companies. “Rhetoric matters, who says what matters,” Sandberg told CNBC Senior Media & Tech Correspondent Julia Boorstin in the latest episode of the “CNBC Changemakers and Power Players” podcast. Sandberg’s comments come […]
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Trump’s AI order may be ‘illegal,’ Democrats and consumer advocacy groups claim
President Donald Trump and his tech allies say that his new executive order to establish a national framework for artificial intelligence regulation will give the U.S. an edge over China in the AI war and pave the way for innovation. But Democratic lawmakers and state officials, as well as consumer advocacy groups, are raising alarms […]
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CNBC’s The China Connection newsletter: U.S.-China AI talent race heats up
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Chris Miller, author of the book “Chip War,” warned three years ago that the balance of modern power hinges on a semiconductor supply chain crossing […]
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OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy
Slack CEO Denise Dresser during TechCrunch Disrupt in San Francisco, Oct. 29, 2024. David Paul Morris | Bloomberg | Getty Images OpenAI on Tuesday announced that it’s tapped Slack CEO Denise Dresser as its chief revenue officer. Dresser will oversee the artificial intelligence startup’s global revenue strategy across both customer success and enterprise, OpenAI said in […]
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