Technology
New research busts 6 AI myths: Artificial intelligence makes workers ‘more valuable, not less’
Artificial intelligence makes people more valuable, according to PwC’s 2025 Global AI Jobs Barometer report. Pixdeluxe | E+ | Getty Images Despite widespread fears that artificial intelligence could automate jobs and cut employees’ wages, AI actually makes people “more valuable, not less,” new research by professional services firm PwC found. “What causes people to react […]
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Omada Health prices IPO at $19 per share, in middle of expected range
Omada Health virtual health program. Courtesy: Omada Health Omada Health priced its IPO at $19 per share on Thursday, in the middle of the expected range. The virtual chronic care company said in a press release that 7.9 million shares are being sold in the offering, amounting to $150 million. Omada, founded in 2012, will […]
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Musk’s feud with Trump and exit from DOGE are really bad for Dogecoin
Idrees Abbas | Lightrocket | Getty Images It’s been a bad week for DOGE. And a really bad week for dogecoin. The meme coin, which gained popularity in part because Elon Musk once dubbed it “the people’s crypto,” fell about 10% on Thursday and is down 22% over the past week. That drop corresponds with […]
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Broadcom beats on earnings and revenue
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Broadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share: […]
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Microsoft’s stock hits fresh record, rallying despite drop in broader market
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images On a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% […]
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Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings. Mathisworks | Digitalvision Vectors | Getty Images While Elon Musk has ended his government cost-cutting initiative that resulted in thousands of federal job cuts, mass layoffs are still roiling corporate America. Companies are under […]
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Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty Images Defense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday. “As we continue working on building a company that has […]
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Palantir CEO Karp says AI is dangerous and ‘either we win or China will win’
Alex Karp, Palantir CEO, and Chris Johnson, Teletracking co-CEO, joins CNBC’s ‘Squawk on the Street’ on June 5, 2025. CNBC Palantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country coming out on top. “My general bias on AI is it is dangerous,” Karp told […]
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Tesla shares sink 4% as Musk continues to bash Trump’s spending bill
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Shares of Tesla slid about 4% Thursday as CEO Elon Musk continued his relentless pressure on Congress to “KILL” President Donald Trump’s […]
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MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service. Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a […]
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