Enterprise
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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Fed’s Kashkari says AI is causing a hiring slowdown in big companies
Minneapolis Federal Reserve President Neel Kashkari said Monday that artificial intelligence is causing big companies to slow hiring, and that many businesses are seeing “real productivity gains” because of the technology. Kashkari said companies have told him that AI is affecting their hiring plans, and he expects to see continued low hiring and low firing in […]
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Anthropic’s ‘do more with less’ bet has kept it at the AI frontier, co-founder Amodei tells CNBC
SAN FRANCISCO — Inside Anthropic headquarters, President and co-founder Daniela Amodei keeps coming back to a phrase that’s become a sort of governing principle for the artificial intelligence startup’s entire strategy: Do more with less. It’s a direct challenge to the prevailing mood across Silicon Valley, where the biggest labs and their backers are treating […]
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Chip stocks rally to start 2026 after third-straight winning year
Chipmaking stocks rallied to kick off 2026 as investors piled into the winning artificial intelligence-fueled sector following another big year of gains. Dutch chip equipment maker ASML surged 9%, while Micron Technology jumped 8% to start the new trading year. Lam Research and Intel rallied about 7% each, while Marvell Technology rose 5%. Advanced Micro […]
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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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Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI buildout
Oracle CEO Clay Magouyrk speaks at a Q&A session following a tour of the OpenAI data center in Abilene, Texas, on Sept. 23, 2025. Shelby Tauber | Pool | Reuters Three months ago Oracle named Clay Magouyrk and Mike Sicilia as its new CEOs. They’re off to a rough start. Oracle shares have plummeted 30% […]
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