Meta Platforms Inc
Elon Musk asked Meta CEO Mark Zuckerberg to join xAI bid to buy OpenAI, filing shows
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters Elon Musk, the world’s richest person, asked Meta CEO Mark Zuckerberg to help him finance a $97.4 billion takeover of OpenAI in early 2025, court filings on Thursday revealed. The filing is part of a legal case […]
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OpenAI says HR chief Julia Villagra is leaving company
Jaque Silva| Nurphoto | Getty Images OpenAI’s human resources chief, Julia Villagra, is leaving the company, CNBC has confirmed. It’s the latest high-profile shakeup at the artificial intelligence startup, which is aggressively hiring AI talent as it faces heightened competition from Google, Meta, Anthropic and others. OpenAI CEO Sam Altman announced Villagra’s promotion to the […]
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CNBC Daily Open: Jackson Hole takes on new significance amid Trump’s pressure on the Fed
Jeffrey Schmid, president and chief executive officer of the Federal Reserve Bank of Kansas City, right, during an interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, U.S., on Wednesday, Aug. 20, 2025. David Paul | Bloomberg | Getty Images Jerome Powell, chair of the U.S. Federal Reserve, will […]
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Google scores six-year Meta cloud deal worth over $10 billion
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter. The agreement spans six […]
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Meta puts the brakes on its massive AI talent spending spree
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Meta Platforms has paused hiring for its new artificial intelligence division, ending a spending spree that saw it acquire a wave of expensive […]
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Trump snapped up more than $100 million in bonds while in office
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025. Aaron Schwartz – Pa Images | Pa Images | Getty Images U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking […]
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Palantir stock slumps 9%, falling for a fifth straight day from record
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025. Andrew Caballero-reynolds | Afp | Getty Images Palantir‘s stock slumped more than 9% on Tuesday, falling for a fifth straight day to continue its pullback from all-time highs. […]
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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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