Enterprise
Synopsys shares rally as activist Elliott builds multibillion-dollar stake in chip design firm
Shares of Synopsys climbed about 4% Monday as activist investor Elliott Investment Management built a multibillion-dollar stake in the company, CNBC’s David Faber confirmed. “As AI drives a step change in chip complexity and capital investment, Synopsys is uniquely positioned to benefit from this growth,” Jesse Cohn, Managing Partner at Elliott, told CNBC. “We believe […]
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OpenAI’s data center pivot underscores Wall Street spending concerns ahead of IPO
Sam Altman, chief executive officer of OpenAI Inc., speaks during BlackRock’s 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images When OpenAI CEO Sam Altman took the stage at BlackRock’s U.S. Infrastructure Summit earlier this month, he acknowledged his company is facing a harsh reality: […]
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Memory crisis latest: What we learned from the world’s top producers this week
The world’s top memory chip makers made plenty of headlines this week, capped by Micron delivering one of the strongest earnings reports of this artificial intelligence cycle. Micron posted revenue and earnings miles ahead of already high expectations, and guidance pointing to roughly 80% gross margins next quarter. And yet the stock sank. The market […]
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Who’s most optimistic about AI — and who isn’t, according to Anthropic
Samuel Boivin | Nurphoto | Getty Images People in Sub-Saharan Africa and Asia are more optimistic about artificial intelligence than those in Western Europe and North America, according to a report by Anthropic that surveyed around 81,000 people in 159 countries. The study, published Wednesday, revealed how economic gains from AI usage formed the main […]
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Nvidia’s Huang pitches AI tokens on top of salary as agents reshape how humans work
Nvidia CEO Jensen Huang delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025. Josh Edelson | Afp | Getty Images The perks of working in Silicon Valley have long included high salaries. Now, some engineers may be offered a new incentive: artificial intelligence tokens. Nvidia CEO Jensen […]
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OpenAI to create desktop super app, combining ChatGPT app, browser and Codex app
Samuel Boivin | Nurphoto | Getty Images OpenAI will combine its web browser, ChatGPT app and Codex coding app into a singular desktop super app, CNBC confirmed on Thursday. Fidji Simo, OpenAI’s CEO of Applications, will oversee the change with assistance from OpenAI President Greg Brockman, according to a spokesperson. The new app aims to […]
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Apollo’s Sambur says software’s AI troubles will persist, noting the ‘very large unknowns’
Apollo Global Management‘s David Sambur told CNBC on Thursday that the selloff in software stocks from fears of artificial intelligence disruption is far from over. “I unfortunately think it’s very early,” Sambur, who is co-head of private equity, told CNBC’s “Money Movers.” Some Wall Street analysts have been comforted by the recent rebound in the […]
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Column: Jensen Huang doesn’t need a new chip. He needs a new moat.
Nvidia dominated the first era of AI — CEO Jensen Huang is making sure it owns the next one. He’s turning Nvidia from a chipmaker that’s helping to drive a market cycle into the operating system for the future of artificial intelligence. The shift has mostly gone unnoticed and hasn’t yet been priced in by […]
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Figma’s stock drops 11% in two days after Google releases ‘vibe design’ product
Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma’s downward slide this year, driven by concerns about artificial intelligence, intensified over the past two days after Google intoduced an AI-powered design product. On Tuesday, Google […]
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OpenAI to acquire developer tooling startup Astral in boost for Codex team
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images OpenAI on Thursday announced it’s acquiring Astral, a small startup that builds popular open source tools for software developers. Astral’s team will join OpenAI and help build out its artificial intelligence coding assistant […]
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