Meta Platforms Inc
Silicon Valley’s AI deals are creating zombie startups: ‘You hollowed out the organization’
Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in […]
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Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’
The artificial intelligence boom that Sam Altman helped ignite with ChatGPT in late 2022 is starting to make even him uneasy. Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become “insane.” Capital is chasing a “kernel of truth” with feverish speed. The OpenAI CEO still believes the long-term […]
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Stocks making the biggest moves midday: Meta Platforms, Duolingo, Target, Dayforce, TeraWulf and more
Check out some of the companies making the biggest moves midday: Meta Platforms — The parent of Instagram and Facebook is planning the fourth overhaul of its artificial intelligence operations in six months , The Information reported late Friday, according to Reuters. Meta fell nearly 3% Monday. TeraWulf — The bitcoin miner and AI computing […]
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When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his […]
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Bill Gates meets Willy Wonka: How Epic’s 82-year-old billionaire CEO, Judy Faulkner, built her software factory
Judy Faulkner, founder and chief executive officer of Epic Systems Corp., during the Forbes Healthcare Summit in New York, Dec. 5, 2023. Michael Nagle | Bloomberg | Getty Images Do not go public. Do not acquire or be acquired. Software must work. These are the first three of the 10 commandments splashed across bathrooms and […]
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Sen. Hawley to probe Meta AI bot policies for children following damning report
Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Sen. Josh Hawley, R-Mo., said Friday that he will investigate […]
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Government’s Intel intervention is ‘essential’ for national security, tech analyst says
A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. “We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We […]
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Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision
Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025. Jeff Chiu | AP Perplexity AI’s bid on Tuesday to buy Google’s Chrome browser for $34.5 billion represents a dramatic moment for the internet search giant, a week before it celebrates the 20th anniversary of its IPO. […]
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LinkedIn launches Mini Sudoku, pushing deeper into casual games that keep users coming back
Nikoli’s president, Yoshinao Anpuku, poses for a photo at Nikoli headquarters in Tokyo on March 19, 2025. LinkedIn worked with Nikoli and Sudoku champion Thomas Snyder to launch its Mini Sudoku game. Nikoli LinkedIn on Tuesday released a new game for the professional social networking app’s 1.2 billion users. It’s a miniature version of Sudoku, […]
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AI is creating new billionaires at a record pace
Mira Murati, Chief Technology Officer of OpenAI (L) and Dario Amodei, Getty Images | CNBC 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. Artificial intelligence startups have minted dozens of new […]
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