Enterprise
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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Exclusive: Nvidia buying AI chip startup Groq for about $20 billion in its largest acquisition on record
Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive, […]
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These 5 infrastructure stocks have more than tripled this year on the AI trade
Wires and cables in a server room. Thomas Northcut | Digitalvision | Getty Images Nvidia has been the biggest infrastructure winner in the artificial intelligence boom, soaring in value by almost thirteenfold since the end of 2022 to a market cap of $4.6 trillion. While Nvidia’s rally continued in 2025, investors betting on other AI […]
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Motive, an Alphabet-backed fleet management software company, files for IPO
Direxion signage at the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 22, 2025. The holiday-shortened week started with gains in stocks amid a broad advance that saw a continuation of the bullish momentum on Wall Street. Michael Nagle | Bloomberg | Getty Images Motive, a company with software for managing […]
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ServiceNow acquiring cybersecurity startup Armis for nearly $8 billion
Signage outside the ServiceNow headquarters in Santa Clara, California, US, on Thursday, Sept. 4, 2025. David Paul Morris | Bloomberg | Getty Images ServiceNow will acquire cybersecurity startup Armis in a cash deal valued at $7.75 billion, the company said Tuesday. The enterprise software company said the deal will bolster its cybersecurity capabilities in the […]
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Alphabet to acquire data center and energy infrastructure company Intersect
Google parent Alphabet on Monday announced it will acquire Intersect, a data center and energy infrastructure company, for $4.75 billion in cash in addition to the assumption of debt. Alphabet said Intersect’s operations will remain independent, but that the acquisition will help bring more data center and generation capacity online faster. In recent years, Google […]
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