Meta Platforms gets a downgrade from JPMorgan on massive AI spending forecast
Meta Platform faces a “challenging path” to capitalizing on its costly artificial intelligence as competition in the space…
Alphabet increases AI spending but gets rewarded for further proof that it’s paying off
Alphabet reported a monster quarter, with revenue more than $2.5 billlion ahead of expectations and earnings nearly doubling…
Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during Pershing Square Capital Management LP’s…
Anthropic weighs raising funds at $900B valuation, topping OpenAI
Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on…
PayPal makes Venmo a standalone business unit as potential buyers circle
Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan.…
Uber makes big bets on travel, hotels and AI voice bookings
Chris Ratcliffe | Bloomberg | Getty Images Uber is breaking into the travel industry. The company on Wednesday…
Is Meta’s AI spending working? The stock’s next move depends on answer
Shares of Meta Platforms are recovering from a bruising stretch earlier this year, when investors shied away from…
Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Futures linked to the S&P 500…
CNBC Daily Open: Hawkish hold from BOJ sets central bank stage
The Bank of Japan headquarters in Tokyo on May 30, 2024. Kazuhiro Nogi | Afp | Getty Images…
Meta, Google among Big Tech seeing staff leave to launch own AI labs
Top researchers are jumping ship from Big Tech firms like Meta and Google to launch startups and raise…