Enterprise
Oracle announces departure of two oldest directors, narrowing board to 12
George Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg | Getty Images Oracle said Friday that two longtime directors, both octogenarians, have resigned from the board. George Conrades, former CEO of content network distribution company […]
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OpenAI and SoftBank announce $1 billion investment in SB Energy as part of massive AI buildout
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters OpenAI and SoftBank announced plans to invest $1 billion in SB Energy as part of a strategic partnership that will support OpenAI’s artificial intelligence infrastructure buildout. The partnership […]
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Andreessen Horowitz raises $15 billion, as VC firm goes big in infrastructure, defense
Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Sept. 13, 2016. San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty Images Venture capital firm Andreessen Horowitz has raised $15 billion to bolster bets across an array of areas including infrastructure, health and what the it calls “American Dynamism,” […]
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Musk, OpenAI lawyers trade barbs as lawsuit heads to trial
Elon Musk’s lawsuit against OpenAI will proceed to trial, further escalating his years-long feud with the company and its CEO, Sam Altman. “We appreciate the Court’s thorough and fair consideration and look forward to trial,” Musk’s lead counsel, Marc Toberoff, told CNBC’s David Faber Thursday in a statement following a hearing with U.S. District Judge […]
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Microsoft revealed as company behind controversial data center proposal in Michigan township
Microsoft CEO Satya Nadella speaks during the Future Decoded Tech Summit in Bengaluru, India, on Feb. 25, 2020. Microsoft will open a new data-center region in Spain, expanding their strategic partnership with Telefonica SA, according the the statement by Telefonica. Samyukta Lakshmi | Bloomberg | Getty Images Microsoft has identified itself as the mystery company […]
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Anthropic signs term sheet for $10 billion funding round at $350 billion valuation
Anthropic has signed a term sheet for a $10 billion funding round at a $350 billion valuation, CNBC confirmed on Wednesday. Coatue and Singapore sovereign wealth fund GIC are leading the financing, according to a source familiar who asked not to be named because the discussions are confidential. A representative for Anthropic declined to comment. […]
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Air taxi maker Joby buys new Ohio factory, more than doubles manufacturing footprint as it vies for FAA approval
An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Roselle Chen | Reuters Joby Aviation on Wednesday said it bought a 700,000-square-foot manufacturing facility in Dayton, Ohio, as the air taxi maker gears up to meet its production goals for electric vertical takeoff and […]
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AMD’s Lisa Su says AI isn’t replacing people, but is changing who gets hired
Advanced Micro Devices CEO Lisa Su said Tuesday that artificial intelligence has not slowed the pace of hiring at her company, but the job candidates who have truly embraced the technology have become a priority. “I would say that we’re actually not hiring fewer people,” Su told CNBC’s Jon Fortt on Tuesday from the CES […]
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Software startup NinjaOne tops $500 million in annualized recurring revenue
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Software startup NinjaOne has surpassed $500 million in annual recurring revenue, or ARR, the company announced Tuesday. The IT management platform saw revenue grow nearly 70% year over year and its customer base increase more than 60% over the last year to 35,000. President and […]
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Democratic mayor of Silicon Valley’s largest city opposes billionaire tax
Mayor of San Jose, Matt Mahan, speaks during the NWSL Championship Welcome Reception at Rotunda at San Jose City Hall in San Jose, California, on Nov. 20, 2025. Eakin Howard | Nwsl | Getty Images The Democratic mayor of San Jose, California, has come out against a proposed statewide ballot measure that would ask voters […]
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