Enterprise
Trump’s Nvidia and Intel meddling is a ‘scattershot method of crony capitalism’: Walter Isaacson
President Donald Trump’s dealings with Intel and Nvidia amount to a “scattershot method of crony capitalism,” Walter Isaacson said Thursday. “That state capitalism often evolves into crony capitalism, where you have favored companies and industries that pay tribute to the leader, and that is a recipe for not only disaster, but just sort of a […]
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Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications. Since the announcement, analysts have published estimates on how much […]
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Palantir stock plummets 20% from highs in longest losing streak since April 2024
Palantir shares sank into bear market territory Wednesday after six straight days of heavy selling. The slide marks the longest such streak for the artificial intelligence software company since April 2024, and brings shares down 20% from the recent record. Shares closed in correction territory on Tuesday after accumulating a 15% loss from the highs. […]
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Nvidia, Bill Gates-backed robotics startup FieldAI hits $2 billion valuation after recent raise
A FieldAI robot. Courtesy: FieldAI Bill Gates-backed Robotics startup FieldAI has raised $405 million in two funding rounds, with investments from Nvidia‘s venture capital arm and Amazon founder Jeff Bezos’ family office. The funding comes during an “aha moment,” founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point. “We […]
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Epic touts new AI tools for patients and doctors at company’s annual meeting
Visitors attend UGM 2025. Courtesy of Epic Space travelers, robots and, of course, artificial intelligence. They were all on display on Tuesday at Epic Systems’ annual Users Group Meeting, held at the health software giant’s 1,670-acre campus in Verona, Wisconsin. Judy Faulkner, Epic’s 82-year-old CEO, dressed for the occasion in a purple wig with neon […]
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Palantir stock slumps 9%, falling for a fifth straight day from record
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025. Andrew Caballero-reynolds | Afp | Getty Images Palantir‘s stock slumped more than 9% on Tuesday, falling for a fifth straight day to continue its pullback from all-time highs. […]
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Databricks says it’s valued at over $100 billion in latest funding round
Ali Ghodsi, CEO of Databricks speaks on CNBC. CNBC Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance […]
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Lutnick says Intel has to give government equity in return for CHIPS Act funds
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. “We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden […]
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Apple reportedly ups iPhone production in India as country’s Russia ties roil White House
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering” […]
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Nvidia says it’s evaluating a ‘variety of products’ after report of new AI China chip
The Nvidia booth at the China International Supply Chain Expo in Beijing on July 16, 2025. Florence Lo | Reuters Nvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20. The […]
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