Generative AI
Here’s how AI could influence the Fed’s economic outlook
Key Points Members of the Federal Open Market Committee are factoring rising labor productivity in their economic forecasts. In a long-run “unbounded growth” scenario where AI is fully developed, up to 23% of workers may lose employment and labor productivity increases by as much as three to four times, according to a May 2025 research […]
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AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the […]
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Sheryl Sandberg says corporate climate ‘one of the worst’ she has ever seen
Former Meta COO Sheryl Sandberg warned that public displays of misogyny and “tech bro” rhetoric are damaging corporate culture at the world’s biggest companies. “Rhetoric matters, who says what matters,” Sandberg told CNBC Senior Media & Tech Correspondent Julia Boorstin in the latest episode of the “CNBC Changemakers and Power Players” podcast. Sandberg’s comments come […]
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CNBC’s The China Connection newsletter: U.S.-China AI talent race heats up
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Chris Miller, author of the book “Chip War,” warned three years ago that the balance of modern power hinges on a semiconductor supply chain crossing […]
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OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy
Slack CEO Denise Dresser during TechCrunch Disrupt in San Francisco, Oct. 29, 2024. David Paul Morris | Bloomberg | Getty Images OpenAI on Tuesday announced that it’s tapped Slack CEO Denise Dresser as its chief revenue officer. Dresser will oversee the artificial intelligence startup’s global revenue strategy across both customer success and enterprise, OpenAI said in […]
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Jensen Huang says an incorrect nine-year-old prediction about AI shows why it won’t destroy jobs
Nvidia CEO Jensen Huang appeared on an episode of The Joe Rogan Experience podcast on Wednesday. Ezra Acayan | Getty Images News | Getty Images Nvidia CEO Jensen Huang is more optimistic than those who predict AI will destroy people’s jobs, and he used a nine-year-old prediction to demonstrate why. During a wide-ranging conversation about […]
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Dan Niles says his best idea right now is cash. Here’s what else he likes
In a market that could soon be topping out, the best investment idea right now is cash, according to Dan Niles, founder of Niles Investment Management. The market moved higher on Wednesday, but Microsoft shares fell after The Information reported the company was slashing software sales quotas tied to artificial intelligence. Microsoft denied the report […]
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Microsoft stock sinks on report AI product sales are missing growth goals
Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images Microsoft pushed back on a report Wednesday that the company lowered growth targets for artificial intelligence software […]
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Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT
Anthropic, the AI startup behind the popular Claude chatbot, is in early talks to launch one of the largest initial public offerings as early as next year, the Financial Times reported Wednesday. For the potential IPO, Anthropic has engaged law firm Wilson Sonsini Goodrich & Rosati, which has previously worked on high-profile tech IPOs such […]
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Elon Musk lists his three most important ingredients for AI
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk has again sounded the alarm on the dangers of AI and listed what he considers as the three most important ingredients […]
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