Enterprise
Klarna tops third-quarter revenue estimates in first earnings report since IPO
Key Points Klarna topped Wall Street third-quarter revenue expectations in its first earnings report since its IPO on the NYSE in September. CEO Sebastian Siemiatkowski told CNBC that the company is benefitting from U.S. growth and growing adoption of Klarna Card and fair financing. Siemiatkowski said the company isn’t yet seeing “material differences” in payback […]
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Google says group behind E-ZPass, USPS text scam has been ‘shut down’ after suit
The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Google said on Thursday said it has disrupted the foreign cybercriminal group behind a massive SMS text phishing operation within 24 hours of filing its lawsuit. “This shut down […]
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AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins “Closing Bell: […]
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Musk’s xAI raises $15 billion in latest funding round
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s artificial intelligence company xAI has raised $15 billion from investors, sources familiar with the matter told CNBC’s David Faber. The funding adds another $5 billion […]
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Joby Aviation wraps up first military aircraft test flight with partner L3Harris
Joby Aviation’s hybrid aircraft. Courtesy: Joby Aviation Joby Aviation completed the first test flight of its hybrid defense aircraft, three months after the company teamed up with government contractor L3Harris on the project. The successful launch occurred on Nov. 7, at Joby’s facility in Marina, California, the company said on Thursday. Chairman Paul Sciarra told […]
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Cisco beats on earnings and guidance, lifting stock
Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Cisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose about 5% in extended trading. Here’s how the company did in comparison with consensus […]
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Anthropic to spend $50 billion on U.S. AI infrastructure, starting with Texas, New York data centers
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Fluidstack is an AI cloud […]
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AMD stock soars 10% on strong growth projections as CEO Su calls AI spending ‘the right gamble’
Advanced Micro Devices‘ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will accelerate the pace of innovation. “I don’t think it’s a big gamble,” she said. “I think it’s the right gamble.” Shares soared 10%. Many of […]
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CoreWeave CEO responds to data center delays as stock plunges. Core Scientific shares fall
CoreWeave shares sank 13% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street” on […]
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Rocket Lab rises 5% on record third-quarter revenue, launch backlog
Rocket Lab‘s stock rose as much as 5% on Tuesday after the space company posted record revenues in the third-quarter as it scoops up more launch deals and builds its backlog. The company, which makes satellites and rockets and provides launch services to its customers, on Monday reported revenue of $155 million for the period. […]
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