Breaking News: Technology
OpenAI to focus on ‘practical adoption’ in 2026, says finance chief Sarah Friar
Sarah Friar, CFO of OpenAI, appears on CNBC’s Squawk Box on August 20, 2025. CNBC OpenAI will make 2026 its year of “practical adoption,” the artificial intelligence startup’s finance chief said in a blog Sunday. “The priority is closing the gap between what AI now makes possible and how people, companies, and countries are using […]
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Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong
Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]
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He worked four blue-collar jobs in his teens to stay afloat. Today, his fintech startup is worth $8 billion
Jack Zhang is the co-founder and CEO of Airwallex. Courtesy of Jack Zhang The word “burnout” isn’t in the dictionary of Jack Zhang, co-founder and CEO of fintech company Airwallex. “I never understand that terminology to be honest. I’ve worked 100 hours a week from [the] age of 16 for 20 plus years,” Zhang told […]
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Who will be next to implement an Australia-style under-16s social media ban?
Recently the Australian Senate passed a law to ban children under 16 from having social media accounts including TikTok, Facebook, Snapchat, Reddit, X. Matt Cardy | Getty Images News | Getty Images Australia’s social media ban for under-16s has grabbed global attention, and governments worldwide are considering implementing similar policies, with the U.K. seen as […]
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Musk seeks up to $134 billion from OpenAI and Microsoft in ‘wrongful gains’
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the “wrongful gains” that they received from his […]
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Elon Musk’s xAI faces tougher road building out data centers after EPA rule update
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images The Environmental Protection Agency closed a loophole this week that Elon Musk’s xAI had exploited to rapidly stand up its first data center in Memphis, Tennessee. Musk’s artificial intelligence startup created a kind of off-grid power plant for its Colossus facility by […]
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Google files to appeal search monopoly case
Google CEO Sundar Pichai during the press conference after his meeting with Polish PM Donald Tusk at Google for Startups Campus In Warsaw in Warsaw, Poland, on Feb. 13, 2025. Jakub Porzycki | Nurphoto | Getty Images Google on Friday filed to appeal a federal judge’s ruling that the company held an illegal monopoly in […]
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OpenAI has committed billions to recent chip deals. Some big names have been left out
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images In November, following Nvidia’s latest earnings beat, CEO Jensen Huang boasted to investors about his company’s position in artificial intelligence […]
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OpenAI to begin testing ads on ChatGPT in the U.S.
OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI on Friday announced it will begin testing ads within ChatGPT in the coming weeks, a highly anticipated decision that could kickstart a lucrative new revenue stream for […]
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Micron stock climbs as CEO highlights AI demand for memory
Micron stock rose 6% Friday as investors looked to buy AI chip supply chain stocks after Taiwan Semiconductor Manufacturing Company reported robust earnings on Thursday, signaling continued AI infrastructure spending. Shares of Micron, one of the makers of memory and storage for artificial intelligence systems, are up 52% over the last month, as memory is […]
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