Enterprise
Super Micro shares fall 6% on weak preliminary results
Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026. The server maker said it […]
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IBM tops third-quarter estimates and lifts guidance, but stock drops
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped 5% in extended trading. Here’s how […]
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Applied Digital signs $5 billion AI factory lease with U.S. based hyperscaler
Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The […]
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Airbnb CEO Chesky says ChatGPT isn’t ‘quite robust enough’ to integrate into travel app
Airbnb CEO Brian Chesky said he wants to integrate ChatGPT artificial intelligence capabilities into the travel platform but the software isn’t ready. “The [software development kit] wasn’t quite robust enough for the things we want to do,” he told CNBC’s “Squawk Box” on Wednesday. Chesky said the company would “probably” want to integrate ChatGPT eventually. […]
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Microsoft CEO Satya Nadella’s annual pay jumps to $96.5 million
Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft CEO Satya Nadella is getting a big bump in his compensation, as the company’s stock price has continued to rally, propelled by the boom in artificial intelligence. Nadella’s […]
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OpenAI unveils ChatGPT Atlas browser, sending Alphabet shares lower
OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images OpenAI on Tuesday announced ChatGPT Atlas, a new artificial intelligence-powered web browser. The company […]
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Facebook founder Zuckerberg must take witness stand at social media safety trial, judge rules
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple […]
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Anthropic CEO disputes Trump AI czar David Sacks’ claims that company is ‘woke’
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic. Chesnot | Getty Images Anthropic CEO Dario Amodei addressed “inaccurate claims” about the artificial intelligence startup’s policy stances on Tuesday after repeatedly facing criticism from David Sacks, the venture capitalist serving as President Donald Trump’s AI and crypto czar. Amodei said the company is aligned with […]
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$500 purple cables put this little-known company in the middle of the AI boom
A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California. Credo In July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee. Musk’s […]
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Oracle stock drops 7% as some skeptics question lofty AI targets
Oracle’s extended rally, which has been driven by the company’s increasingly central position in the artificial intelligence boom, hit pause on Friday, with the stock tumbling 7%, its worst day since January. The slide came a day after the software company revealed a long-term outlook, boosted by AI, at an analysts’ meeting that was part […]
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