Nvidia stock closes up 7.92% after Jensen Huang said the tech industry's surging capex for AI infrastructure is justified, appropriate, and sustainable
The tech industry's surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's “Halftime Report.”
Source: Databricks obtained $1.8B in fresh debt and now has over $7B in debt ahead of a potential IPO; it raised $4B+ in December at a $134B valuation
Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC.
Source: Databricks obtained $1.8B in fresh debt and now has over $7B in debt ahead of a potential IPO; it raised $4B+ in December at a $134B valuation
Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC.
Sources: SoftBank has completed its $40B investment in OpenAI
- CNBC Councils — Join the CNBC Panel — News Tips — Got a confidential news tip? We want to hear from you. — CNBC Newsletters — Get this delivered to your inbox, and more info about our produc...
Oracle stock fell 30% this quarter, its steepest drop since Q3 2001, when it slid ~34%, amid skepticism about its ability to open more data centers for OpenAI
Jordan Novet / CNBC :
Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently
anybody who knows anything about AI chips knows groq's first gen chips aren't competitive but maybe their upcoming chips might have been able to threaten nvidia? @josephjacks_ : Overly simplistic take...
Fleet management software provider Motive files for a US IPO, reporting a $138.5M net loss on $327.3M in revenue for the nine months ended September 30
The following summary highlights selected information that is presented … Matthew Griffin / Bloomberg : Google-Backed Fleet Tracking Firm Motive Files Publicly for IPO Jordan Novet / CNBC : Motive, an...
The Trump administration plans to replace the lottery system for H-1B visas with a “weighted” system prioritizing higher-paid individuals, starting February 27
key changes explained NDTV Profit : New H-1B Visa Rules Tilt In Favor Of US Big Tech, Indian IT Faces Fresh Challenges: Sandip Agarwal Business Today : U.S. Scraps H-1B Lottery, Shifts To Skill- And S...
The Delaware Supreme Court rules that Elon Musk's 2018 Tesla CEO pay package, worth around $56B when it vested, must be restored, ending a years-long fight
Will his net worth increase? New York Times : Elon Musk's 2018 Tesla Pay Deal Is Restored by Delaware Supreme Court X: Eric W. / @ewess92 : Tesla wins & @elonmusk gets equity. Big win for rule of law,...
Trump Media agrees to merge with Google-backed fusion energy company TAE in a $6B deal and build the “world's first utility-scale fusion power plant” in 2026
NOTE: Our Forums and CMS and RSS were nixed when our host updated Perl … Liz Hoffman / Semafor : America is becoming the world's dumb money Dominic Preston / The Verge : Trump Media is merging with a ...