Microsoft Corp
Oracle set to report quarterly results after the bell
Larry Ellison, Oracle’s co-founder and chief technology officer, appears at the Formula One British Grand Prix in Towcester, U.K., on July 6, 2025. Jay Hirano | Sopa Images | Lightrocket | Getty Images Oracle is scheduled to report fiscal second-quarter results after market close on Wednesday. Here’s what analysts are expecting, according to LSEG: Earnings […]
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Former GitLab CEO raises money for Kilo to compete in crowded AI coding market
Investors are betting there’s room for another startup using artificial intelligence to help software engineers write code faster. The difference with Kilo Code is it counts former GitLab CEO Sid Sijbrandij among its founders. On Wednesday, Kilo Code announced $8 million in seed funding, with backing from Breakers, Cota Capital, General Catalyst, Quiet Capital and […]
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Amazon pledges massive $35 billion worth of investments in India with focus on AI
Employees stand near an The Amazon Inc. logo is displayed above the reception counter at the company’s campus in Hyderabad, India, on Friday, Sept. 6, 2019. Bloomberg | Bloomberg | Getty Images Amazon on Wednesday committed to investing over $35 billion in India’s cloud and artificial intelligence space by 2030, as hyperscalers race to get […]
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CNBC Daily Open: A Fed rate cut might not be festive enough
An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Nov. 18, 2016. Andrew Harrer | Bloomberg | Getty Images On Wednesday stateside, the U.S. Federal Reserve is widely expected to lower its benchmark interest rates by a quarter percentage point to a range […]
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Microsoft to invest $17.5 billion in India’s AI infra as Big Tech queues up for the Asian market
Microsoft CEO Satya Nadella appears at an event with tech CEOs and senior officials, including Indian Prime Minister Narendra Modi, in the East Room of the White House in Washington on June 22, 2023. Chris Kleponis | CNP | Bloomberg | Getty Images Microsoft on Tuesday announced it would invest $17.5 billion in India’s cloud […]
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Bill Gates on why AI will become ‘hyper competitive’
Bill Gates talks to CNBC at Abu Dhabi Finance Week. CNBC Bill Gates has warned that some AI companies with high valuations will lose out in the “hyper competitive” AI industry, as the investors weigh up whether a bubble is about to burst. “AI is the most important thing going on,” the Microsoft founder and […]
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Saudi Arabia eyes data embassies amid sovereign AI push. Here’s what we know so far
As countries race to build domestic data centers in the name of sovereign AI, Saudi Arabia is betting on a more creative idea: data embassies. A data embassy is where data is stored outside of a country’s physical borders but operates under its laws, much like a diplomatic embassy. The concept is not new. Estonia established the first data embassy in 2017 and there’s only been one […]
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Broadcom is firing on all cylinders, and Wall Street can’t get enough of the stock
Broadcom shares hit an all-time high during Monday’s trading session after the emergence of another encouraging sign that the company’s custom chips are all the rage on the AI scene. The newest development comes from the tech website, The Information, which said Microsoft could be looking to move its custom chip business from Marvell Technology […]
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Confluent stock soars 29% as IBM announces $11 billion acquisition deal
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images IBM announced Monday that it is acquiring data streaming platform Confluent in a deal worth $11 billion. Shares of Confluent soared 29% premarket. IBM stock sank about 1%. IBM […]
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How Ray Dalio would play the markets if he was still running Bridgewater
As talk of an AI-fueled bubble continues, Bridgewater Associates founder Ray Dalio broke down how he would play the market if he were still running the asset management firm. Speaking to CNBC on Monday, Dalio said that he would play the AI game but bet more on companies using the technology rather than hyperscalers: the […]
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