Xi arrives in D.C., Treasury yields hit multiyear highs, McDonald's growth plan and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
CNBC Technology
Palo Alto CEO says slowing down AI is ‘unrealistic’, extinction threat ‘extremely small’
Palo Alto CEO Nikesh Arora's views chime closely with Nvidia CEO Jensen Huang who has a diverging opinion to the bosses of Anthropic and OpenAI.
Cyber startup Island hits $6.4 billion valuation in new round as AI attacks fuel spending wave
Island faces an increasingly competitive cybersecurity market fueled by demand for agentic Ai defenses
China's AI chip blitz arms Xi with a message for Trump: 'You can't choke us off'
A run of new chips and AI models from national champions gives Chinese President Xi Jinping a confidence boost, as the U.S. summit gets underway.
Chinese authorities reportedly in possession of F-35 components in Hong Kong
Shipping giant UPS was sending a cockpit canopy and weapons bay door to the U.S. from Australia in late May when it was diverted to Hong Kong.
SoftBank shares jump over 7% after $11.1 billion bond issuance to fund OpenAI bet
SoftBank shares jumped more than 7% after the Japanese tech investor issued $11.1 billion in bonds to help fund its OpenAI investment.
PwC agrees deal to become OpenAI's first reseller and largest enterprise user
PwC landed a deal Wednesday with OpenAI to become the artificial intelligence company's first resale partner and largest enterprise user.
Activist Elliott takes $2.5 billion stake in Texas Instruments, urges company to improve free cash flow
Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments.
Samsung faces probe after two chip workers exposed to radiation, authorities say
South Korean authorities are investigating Samsung after two workers at one of the tech giant's plants were exposed to radiation.
Apple to open first store in Malaysia as Asia expansion continues
The move to open a Malaysia store continues Apple's push to expand sales across Asia outside of China, a market that Apple has struggled in of late.
CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars
Mistral AI CEO Arthur Mensch and Anthropic CEO Dario Amodei are in the spotlight, both leading AI companies backed by U.S. tech giants.
Big Tech goes on AI charm offensive in Europe as regulators circle
Major U.S. tech firms have been trying to win favor with regulators as they face criticisms over their massive businesses having an adverse effect on smaller companies.
China's $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says
China's new third chip fund will likely focus on advanced chips and establishing the entire supply chain, said Winston Ma, adjunct professor at NYU School of Law.
How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company
PDD Holdings reported stellar first-quarter results last week, sending its shares surging and driving its market-cap past that of rival Alibaba Group.
FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison
Former top FTX exec Ryan Salame who turned on Sam Bankman-Fried sentenced to 90 months in prison and ordered to pay more than $11 million.
OpenAI former safety leader Jan Leike joins rival AI startup Anthropic
Jan Leike joined Amazon-backed Anthropic shortly after resigning from OpenAI.
HubSpot shares jump on talks of potential Google deal
HubSpot shares rose Tuesday after CNBC's David Faber reported that Alphabet is in talks about an all-stock bid for the company.
T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge
U.S. Cellular shares soared Tuesday after T-Mobile announced it will acquire most of the company in a deal worth $4.4 billion. It plans to use the wireless company to improve coverage in rural areas.
Amazon cloud boss Matt Garman inherits business under pressure to keep pace in AI
Adam Selipsky's three-year tenure at the helm of Amazon Web Services coincided with slowing growth and an increasingly competitive landscape in AI.
Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 37%
Semler Scientific saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset.
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