Nvidia reveals new A.I. chip, says costs of running LLMs will 'drop significantly'
Currently, Nvidia dominates the market for AI chips, with over 80% market share, according to some estimates.
CNBC Technology
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.
PayPal's stablecoin is first dollar-backed digital currency from a major U.S. financial institution
PayPal on Monday launched a stablecoin to help facilitate payments. The move comes as market participants await a vote in Congress on a key stablecoin bill.
SoftBank posts surprise loss even as Vision Fund back in black after five quarters
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
Paramount to sell Simon & Schuster to KKR for $1.62 billion; media giant's earnings top estimates
Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.
Palantir's A.I. ambitions divide analysts. A bull and bear make their cases
Palantir bumped up its annual revenue forecast on Monday as it sees an opportunity to commercialize AI, but not all analysts are equally bullish.
Palantir reports 13% revenue growth, issues guidance that tops estimates
Palantir executives say revenue growth will accelerate in the third quarter, reversing a trend from the last several years.
Tesla CFO Zach Kirkhorn steps down
Zach Kirkhorn, Tesla's chief financial officer, stepped down from his role but will remain with the company through the end of the year.
Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
Paralelní Polis is an incubator in Prague where digital rights activists and coders come together to talk about decentralized tech.
Apple's iPhone 15 is reportedly set for mid-September launch
The new iPhone will launch after a September Apple event and will come just in time for the holidays.
Elon Musk says he may need surgery
Elon Musk said he may require surgery and is getting an MRI of his neck and upper back.
How U.S. microchips are fueling Russia's military — despite sanctions
Moscow is sourcing a growing number of advanced microchips from the West through intermediary countries such as China, analysis by CNBC shows.
Zoom can now train its A.I. using some customer data, according to updated terms
Zoom's update comes amid growing public debate on the extent to which AI services should be trained on individuals' data.
Fanatics and competitor Panini launch legal battle with a pair of lawsuits
The dispute comes down to licensing rights for NBA and NFL trading cards.
Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut
Shares of Chinese chipmaker Hua Hong jumped 13% at the open during its debut on Shanghai Stock Exchange's Nasdaq-style Star Market on Monday.
Over $1 trillion needed for developing nations' climate transition, says ex-World Bank official
The lack of resources has made it challenging for those countries to reduce their high carbon emissions and shift to clean energy faster, she noted.
SharkNinja's NYSE debut underscores challenges for U.S. businesses that rely on China
While SharkNinja's stock popped out of the gate on Monday, the stock sold off the rest of the week, falling below its debut price.
X, formerly Twitter, commandeers '@music' handle from user with half a million followers
Elon Musk-led X Corp. has commandeered "@music" from a long-time Twitter user, software developer Jeremy Vaught.
Facing lawsuit from Musk, nonprofit head says he won't stop exposing Twitter's problems
The head of the Center for Countering Digital Hate said his nonprofit will continue researching alleged hate speech on Twitter despite a lawsuit from Musk.
Meta's Threads will soon have search and web functions, Zuckerberg says
Meta's Threads app will soon get a search function and be available to access via the web, as CEO Mark Zuckerberg tries to take on Twitter
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