Meta Platforms Inc
Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
Lina Khan, chair of the U.S. Federal Trade Commission, and Jonathan Kanter, assistant attorney general for the Justice Department’s antitrust division, participate in a discussion on antitrust reforms at the Brookings Institution in Washington on Oct. 4, 2023. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe […]
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Big AI models will be commoditized — the value will come from the applications, Infosys chair says
Massive artificial intelligence models built by the likes of OpenAI will eventually become commoditized with the next wave of value in the technology coming from the applications that are built on top of the models, the co-founder and chair of Infosys told CNBC on Tuesday. Large language models are the AI models trained on amounts […]
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Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still ‘reasonably valued’
Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. Albion Financial Group’s Jason Ware says that’s thanks in part to the capital expenditure of large tech companies like Amazon , Microsoft , Nvidia and Alphabet ‘s Google that’s “providing a bit of growth support as […]
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Nvidia CEO Jensen Huang revived the AI trade this week. Here’s how the pros are playing it
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. “We’re now in this computer revolution,” Huang said at the Goldman Sachs Communacopia + Technology Conference on Wednesday, “This generative AI is not just a tool. […]
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Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns […]
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JD Vance says he thinks Apple benefits from Chinese slave labor: ‘That’s pretty sick’
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC’s “Squawk Box,” stating he thinks the company benefits from “slave labor” in China. His comment was part of a broader conversation about taxing companies that rely on manufacturing in China. “Do I think Apple is an evil company? No. Do […]
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China wants to challenge the U.S. in AI — here’s what Chinese giants are doing with the tech
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched […]
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California attorney general warns tech platforms to look out for voter deception ahead of election
California Attorney General Rob Bonta discusses Michelle Mack’s case in an interview on Feb. 16, 2024. CNBC California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from “deception, intimidation, and dissuasion,” ahead of the November election. “Millions of Californians rely on social media and […]
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Oracle trails only Nvidia among large-cap tech this year, as Ellison closes in on Bezos
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Larry Ellison turned 80 last month. It’s been a celebratory year. While fellow legacy tech players Intel and Cisco struggle to find their footing […]
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Top 10 people most likely to reach trillionaire status
Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. On Sept. 29, 1916, newspapers across the country announced a wealth […]
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