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Philippe Laffont’s Coatue makes big bets on China and GLP-1 drugmakers in latest quarter
Philippe Laffont’s Coatue Management took several new stakes in major Chinese e-commerce companies and a couple of anti-obesity focused drugmakers in the third quarter, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Laffont, one of the “Tiger Cub” fund managers who worked under the late Julian Robertson at Tiger Management, […]
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Here’s a rapid-fire update on what Trump will mean for all 33 portfolio stocks
Here’s a rapid-fire update on all the stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. During the November Monthly Meeting on Thursday, Jim looked at how Donald Trump’s return to the White House could impact each company — good, bad or not much at all. Apple : If […]
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It’s ‘liquidity, stupid’: VCs say tech investing is tough amid IPO lull and ‘nuts’ AI hype
Key Points Venture capitalists at Web Summit — one of Europe’s biggest tech events — say things have become more difficult for tech investors as they’re unable to cash out of long-term bets. “In the VC world, it’s really all about liquidity stupid,” Edith Yeung, general partner at Race Capital, said in a CNBC-moderated panel. […]
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OpenAI to present plans for U.S. AI strategy and an alliance to compete with China
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI’s official “blueprint for U.S. AI infrastructure” involves artificial intelligence economic zones, tapping the U.S. Navy’s nuclear power experience and government projects funded by private […]
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Denmark launches landmark framework for using AI under EU rules — with Microsoft backing
Jaque Silv | SOPA Images | Lightrocket | Getty Images Denmark on Wednesday laid out a framework that can help EU member states use generative artificial intelligence in compliance with the European Union’s strict new AI Act — and Microsoft‘s already on board. A government-backed alliance of major Danish corporates, led by IT consultancy Netcompany, […]
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China is catching up with the West on tech, Microsoft president says
The West shouldn’t assume that China is lagging behind the U.S. and Europe on tech developments, Microsoft’s president and vice-chairman warned. U.S-China tensions in the past few years have centered on the battle between the two nations for tech supremacy, culminating in a slew of export controls on critical technologies. Late last year, China’s Huawei […]
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CNBC Daily Open: Best to stay prudent even in the postelection afterglow
Traders work at the New York Stock Exchange (NYSE), Friday, November 8, 2024. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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ChatGPT rejected more than 250,000 image generations of presidential candidates prior to Election Day
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI estimates that ChatGPT rejected more than 250,000 requests to generate images of the 2024 U.S. presidential candidates in the lead up to Election Day, […]
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Tesla hits $1 trillion market cap as stock rallies after Trump win
Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker’s […]
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‘It’s gross, it’s unprofessional’: Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
Chinese spies used Linkedin to get information on German officials, according to Germany’s intelligence agency bfV. studioEAST | Getty Images Some LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. Blair Huddy, […]
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