Technology
SoftBank Vision Fund books $2.4 billion quarterly gain boosted by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank posted a $2.4 billion gain at its Vision Fund in the December quarter as a jump in the value of its OpenAI investment helped offset losses in […]
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Zhipu leads rally in Chinese AI stocks, surging 30%, as a wave of new releases hits market
Information on Zhipu’s AI service on the web, dubbed Z.ai, arranged on a computer in Shanghai, Jan. 7, 2026. Raul Ariano | Bloomberg | Getty Images Chinese artificial intelligence stocks rallied Thursday as several companies unveiled upgraded models and top policymakers renewed calls for a broader adoption of the technology. Hong Kong-listed Zhipu AI — […]
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Meet the high-profile Emirati business leader lawmakers are linking to Epstein ‘torture’ email
Jeffrey Epstein and Sultan Ahmed bin Sulayem, Group CEO of DP World. House Oversight Committee Democrats U.S. officials made new disclosures from the Epstein files on Monday, naming who they believe was the recipient behind a disturbing email sent by the deceased financier and sex criminal Jeffrey Epstein, in which he referenced a supposed “torture […]
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Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Cisco reported better-than-expected quarterly results on Wednesday, but the stock dropped about 7% in extended trading as earnings guidance for the current period only met estimates. Here’s how the company did […]
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Musk announces xAI re-org following co-founder departures, SpaceX merger
Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SpaceX CEO Elon Musk on Wednesday […]
Read MoreTech investor Orlando Bravo says most software companies don’t have enough profit
Thoma Bravo co-founder Orlando Bravo on Wednesday said software stocks are “oversold” and the sector is being pulled down by a lack of profits. “Most of these 300 publicly traded software companies, they don’t have enough profits,” he told CNBC’s “Money Movers.” “They trade as a multiple of revenue, and that’s very, very dangerous.” Thoma […]
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Lyft CEO Risher says consumer is showing ‘no softness’ as stock slides 15% after earnings
Lyft CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that’s a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC’s “Squawk Box.” “So, love what we’re seeing, and […]
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