Generative AI
Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves […]
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Oracle stock rises in premarket on plans to cut thousands of jobs
Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI data […]
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OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
CEO of OpenAI Sam Altman speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. Kylie Cooper | Reuters OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion. The round totaled $122 billion of committed […]
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Evercore ISI predicts ‘inflection point’ is days away, plans to commit capital if S&P 500 drops to this level
A week of “maximum uncertainty” should deliver a key opportunity for investors, according to Evercore ISI’s Julian Emanuel. “We’re getting towards an inflection point where we would want to commit capital here,” the firm’s managing director said Monday on CNBC’s ” Fast Money .” Emanuel pinpoints next Monday, April 6, the day President Donald Trump […]
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Elon Musk’s Grok ordered to stop creating AI nudes by Dutch court as legal pressure mounts
Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk’s xAI and its chatbot Grok have been banned from creating non-consensual AI-generated images of adults and children by a Dutch court, adding to growing legal pressure on the company. Amsterdam’s District Court issued a legal order on Thursday prohibiting xAI from generating and distributing sexual imagery […]
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Huawei’s new AI chip finds favor with ByteDance, Alibaba which plan to place orders, Reuters reports
SHENZHEN, CHINA – MARCH 24: Pedestrians walk past a Huawei retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Huawei continues to expand its offline retail presence as competition in China’s consumer electronics and smart device market remains intense. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty Images […]
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AI and bots have officially taken over the internet, report finds
D3sign | Moment | Getty Images Bots have taken over the internet. The State of AI Traffic report released Thursday by Human Security, a cybersecurity firm, showed that artificial intelligence and bots have officially eclipsed human users. “The internet as a whole was created with this very basic notion that there’s a human being on […]
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A Google AI breakthrough is pressuring memory chip stocks from Samsung to Micron
Signage outside the Google headquarters in Mountain View, California, US, on Tuesday, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Google’s latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand. On Thursday, shares […]
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Arm jumps 13% in premarket after saying first in-house chip set to generate $15 billion in revenue
Rene Haas, chief executive officer of Arm Holdings Plc, holds the AGI CPU chip during the Arm Everywhere event in San Francisco, California, US, on Tuesday, March 24, 2026. David Paul Morris | Bloomberg | Getty Images Arm jumped in early market trading Wednesday after the company said its newly released in-house chip would generate […]
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Gap says it will launch checkout within Google’s Gemini, in an AI first from a major fashion company
Gap is partnering with Google’s Gemini to allow shoppers to check out directly within the AI platform, making it the first major fashion company to work directly with the tech company to fuel agentic commerce, CNBC has learned exclusively. The partnership comes as more and more shoppers move away from traditional search and toward artificial […]
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