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OpenAI CEO Sam Altman stands to net hundreds of thousands as Reddit goes community
OpenAI CEO Sam Altman speaks at the Planet Economic Discussion board in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Visuals OpenAI CEO Sam Altman will be in a situation to make thousands and thousands soon after Reddit goes general public, many thanks to a series of bets on the online […]
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Instacart to lay off 250 staff, or about 7% of the business, as component of restructuring
A smartphone with an Instacart emblem displayed is viewed in this illustration taken March 25, 2022. Dado Ruvic | Reuters Instacart on Tuesday introduced it would lay off about 250 workforce, or approximately 7% of the corporation, as aspect of a restructuring. The information came as the business reported fourth-quarter earnings that fell roughly in […]
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Inventory futures are minor modified Monday soon after a report 7 days for the S&P 500: Dwell updates
Traders get the job done on the floor at the New York Inventory Trade (NYSE) in New York Metropolis, U.S., February 6, 2024. Brendan McDermid | Reuters U.S. stock futures hovered in close proximity to the flatline early Monday following a history-location 7 days for the S&P 500. Futures tied to the 500-inventory benchmark ended […]
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AI lobbying spikes virtually 200% as calls for regulation surge
Artificial intelligence-relevant lobbying achieved new heights in 2023, with more than 450 organizations collaborating. It marks a 185% boost from the calendar year in advance of, when just 158 companies did so, in accordance to federal lobbying disclosures analyzed by OpenSecrets on behalf of CNBC. The spike in AI lobbying comes amid rising calls for […]
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Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. The product is set to […]
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Tech stocks just wrapped up one of their best years in past two decades after 2022 slump
The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty Images Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 […]
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Startup bubble fueled by Fed's cheap money policy finally burst in 2023
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, […]
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Nominate a company for CNBC's 2024 Disruptor 50 record
CNBC is now accepting nominations for the 2024 Disruptor 50 record — our yearly appear at the most impressive undertaking-backed organizations making use of breakthrough technological innovation to meet expanding financial and buyer problems. The deadline for submissions is Friday, Feb. 16 at 11:59 pm EST. All independent, privately-owned firms started following Jan. 1, 2009, […]
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Reproductive startup launches test to identify an embryo's genetic defects before an IVF pregnancy begins
Noor Siddiqui, founder and CEO of Orchid, during the web summit for careers during Day 2 of the 2014 Web Summit in Dublin, Ireland, Nov. 5, 2014. Stephen McCarthy | Getty Images Reproductive technology startup Orchid on Tuesday announced a comprehensive new genetic test that may help many prospective parents across the U.S. breathe a […]
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Birkenstock expects to price IPO at $46 per share, toward midpoint of stated range
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty Images Birkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per share on Tuesday, giving […]
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