business news
Israel says it has attacked Iran, declares state of emergency
An aerial view of the USS Abraham Lincoln Carrier Strike Group while operating at the Arabian Sea, escorted by two military replenishment ships and two U.S. Coast Guard vessels, as fighter jets from Carrier Air Wing Nine conducted flight operations overhead in the Arabian Sea, on Feb.6, 2026. US CENTCOM | Anadolu | Getty Images […]
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OpenAI strikes deal with Pentagon, hours after rival Anthropic was blacklisted by Trump
Sam Altman, chief executive officer of OpenAI Inc., at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI CEO Sam Altman said late Friday that his company has agreed to terms with the Department of Defense on use of its artificial intelligence models, […]
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Jack Dorsey made the loudest case yet that AI is already replacing jobs
Jack Dorsey, co-founder and CEO of Block Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images The tech industry has spent the last couple years debating whether artificial intelligence will actually eliminate jobs at scale or simply be used as an excuse […]
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White House gives Democrats new DHS funding offer as partial government shutdown drags on
Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y., hold a press conference on Capitol Hill in Washington, Jan. 8, 2026. Saul Loeb | AFP | Getty Images Congressional Democrats on Friday said they received a counteroffer from the White House to fund the Department of Homeland Security. The department has […]
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Trump admin blacklists Anthropic as AI firm refuses Pentagon demands
President Donald Trump said Friday that he was ordering every U.S. government agency to “immediately cease” using technology from the artificial intelligence company Anthropic. Trump said there would be a six-month phase-out for agencies such as the Defense Department, which “are using Anthropic’s products, at various levels.” Defense Secretary Peter Hegseth soon after Trump’s order […]
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How Amazon’s massive stake in OpenAI could boost its AI and cloud businesses
Amazon on Friday unveiled a strategic partnership with OpenAI that includes an investment of up to $50 billion, the latest sign of deepening ties between the tech giant and the maker of ChatGPT. As part of the deal, OpenAI will use more Amazon Web Services infrastructure, including a commitment to deploy 2 gigawatts of the […]
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House Democrats grapple with Trump’s threats to U.S. elections: “This is a five-alarm fire”
U.S. Rep. Maxine Waters (D-Calif.) gestures at the United Center, on Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. Mike Segar | Reuters House Democrats this week laid out their plans to counter President Donald Trump’s rhetoric about “nationalizing” this year’s elections ahead of the 2026 midterms. The […]
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WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company
The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD […]
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WBD and Paramount may have an easier time winning regulatory approval than Netflix
The Paramount logo is displayed above an entrance to Paramount Studios on Feb. 23, 2026 in Los Angeles, California. Justin Sullivan | Getty Images A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward. The WBD board said […]
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CoreWeave CEO defends spending plans, tries to combat debt narrative as stock plummets nearly 22%
Coreweave CEO Mike Intrator backed up the company’s massive spending plans during an interview with CNBC’s “Squawk on the Street” on Friday as shares dropped post-earnings on profitability worries. Intrator told CNBC that Coreweave has willingly chosen to invest in more infrastructure and take a margin hit to meet the “once in a generation moment” […]
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