Meta Platforms Inc
Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’
Mustafa Suleyman, CEO of Microsoft AI and then CEO and co-founder of Inflection AI, speaks during the Axios BFD event in New York on Oct. 12, 2023. Brendan Mcdermid | Reuters Microsoft on Thursday said it’s forming a team that will be tasked with performing advanced artificial intelligence research. Mustafa Suleyman, CEO of the Microsoft […]
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Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks tumbled Thursday as concerns about eye-watering valuations in AI-linked names persisted. The S & P 500 shed nearly 1% in afternoon trading. But the […]
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Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple […]
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Dow drops 400 points as AI stocks resume their decline, Nasdaq falls 1.9%: Live updates
A trader works on the floor of the New York Stock Exchange. NYSE U.S. stocks retreated on Thursday as names in the artificial intelligence trade came under pressure yet again amid worries around eye-watering valuations. The Dow Jones Industrial Average slipped 455 points, or 1%. The S&P 500 traded down by 1.2%, while the Nasdaq […]
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Google’s rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google is making its most powerful chip yet widely available, the search giant’s latest effort to try and win business from artificial intelligence companies […]
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Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Snap shares climbed as much as 25% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51 […]
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HubSpot adds Clara Shih, Meta’s head of business AI, to board of directors
Clara Shih, who’s now head of business AI at Meta., speaks during the 2024 Dreamforce conference in San Francisco, California, US, on Tuesday, Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images HubSpot announced on Wednesday that Clara Shih, Meta’s head of business AI, has been added to the software company’s Board of […]
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Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images With OpenAI’s recent release of its AI browser, the historic level of capital expenditures being made in the current AI arms […]
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Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s […]
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Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of […]
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