Lora Kolodny / CNBC: SpaceX reports Q3 revenue up 161% YoY to $14.58B, vs. $12.72B est., AI revenue up 830% to $7.56B, and AI operating income of $431M, up from a loss of $1.7B — SpaceX reported 161% revenue growth for the third quarter, driven by the company's artificial intelligence business and Starlink Subscriber growth.
CNBC: Oura says it is delaying its Nasdaq IPO due to uncertainty in the market, despite “strong demand” and a strengthening of its business since the process started — Oura has said that it is delaying plans for its public listing on the Nasdaq due to uncertainty in the IPO market.
Isabel O'Brien / CNBC: Meta launches Muse for Small Business, integrating the AI agent with Asana, Zoom, Intuit, Box, Canva, Slack, and other apps, alongside its own ad accounts — Coming off the successful launch of its Muse AI agent, Meta is now pushing its new artificial intelligence service into the business world.
Ashley Capoot / CNBC: A US federal jury awarded Taction Technology $5.7B+ in damages, finding Apple infringed haptics patents; Apple to appeal, says it “does not use Taction's” tech — A federal jury in San Diego awarded Taction Technology more than $5.7 billion in damages Friday after finding …
Samantha Subin / CNBC: Dallas-based enterprise browser security startup Island raised $400M led by Evolution Equity Partners at a $6.4B valuation and plans to grow its staff to 1,500 — The scramble to secure businesses against swarms of rogue artificial intelligence agents is fueling demand for new security tools.
Priyanka Salve / CNBC: VFX company DNEG's AI unit Brahma, whose customers include Warner Bros. and the NBA, raised $150M led by Indian PE firm Multiples at a $2B post-money valuation — Brahma AI, an Indian start-up that makes artificial intelligence-generated audiovisual content for enterprise customers …
CNBC: Garry Tan says “I would do nothing” about China's AI distillation and urges the industry to focus on current AI risks instead of doomsday-style extinction fears — At a time when some Silicon Valley giants and national security experts are calling for action against Chinese companies engaged …
Evelyn Cheng / CNBC: Ant International, Visa, and Mastercard plan a new standard for payments made via AI agents, citing McKinsey's projection of $3T to $5T in commerce by 2030 — Fintech company Ant International announced Thursday it has signed on Visa and Mastercard to collaborate on a new standard for payments …
Ari Levy / CNBC: Qualcomm signs a deal with Amazon to provide “multiple generations of customized silicon” to help build AWS' AI infrastructure for inference; QCOM jumps ~5% — Qualcomm shares rose 4% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services …
Kai Nicol-Schwarz / CNBC: Nvidia becomes a leading global strategic tech backer, with the value of its equity investments up 10x in the past year to $99B, as it bolsters the AI sector — Nvidia has become one of the world's largest corporate backers of tech companies as the value of its equity investments soared …
CNBC: Q&A with Jensen Huang and Hugging Face CEO Clément Delangue on Nvidia acquiring Hugging Face, scaling the open model ecosystem, closed AI vs. open AI, and more — Following is the unofficial transcript of a CNBC exclusive interview with Nvidia Founder & CEO Jensen Huang …
Ari Levy / CNBC: Nvidia agrees to buy Hugging Face for $12.9B, its second-biggest purchase after it paid $20B for Groq assets at the end of last year — Nvidia has officially agreed to buy open-source artificial intelligence platform Hugging Face for $12.9 billion, as the chipmaker moves beyond hardware and further up the AI stack.
Ashley Capoot / CNBC: OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its “diversified business model” ahead of an IPO — OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate …
Tanaya Macheel / CNBC: BitGo agrees to buy NYDIG's institutional trading business and related assets, expanding BitGo's derivatives offerings; ~30 NYDIG employees are joining BitGo — The crypto infrastructure firm BitGo has agreed to buy the institutional trading business and related assets of NYDIG, CNBC has learned.
Kai Nicol-Schwarz / CNBC: OpenAI bans a cluster of Russian ChatGPT accounts that used VPNs to evade restrictions and run an influence operation, including creating social media comments — OpenAI has banned a cluster of ChatGPT accounts originating in Russia that it said were being used to support a covert online influence campaign to spread misinformation.
Jeffrey Kopp / CNBC: A profile of Judge Yvonne Gonzalez Rogers, who is presiding over US state AGs' social media addiction lawsuit against Meta and oversaw the Musk v. Altman trial — It's been a crazy four months for Yvonne Gonzalez Rogers. — The judge in the Northern District of California spent late April …
Diana Olick / CNBC: CBRE: NYC becomes the top tech talent market for the first time with 394,300 jobs, beating the Bay Area's 375,730, amid SF job cuts and NYC finance sector hires — It should come as no surprise that the number of artificial intelligence-specific tech workers is growing rapidly …
Jenny Lee / CNBC: Samsung unveils a $65.1B-$79.5B shareholder return package for 2026, combining dividends and share buybacks, calling it “the largest ever by a Korean company” — Samsung Electronics has announced a shareholder return package, marking a blockbuster week for shareholder returns …
CNBC: How the memory boom is reshaping Micron's hometown of Boise, Idaho, with new millionaires, job growth, rising housing costs, and uneven wealth distribution — Dave Petso has been a wealth manager in Boise, Idaho since the 1980s. His business has survived multiple recessions …
Samantha Subin / CNBC: Databricks closed a $5B funding round at a $190B valuation, six months after raising $5B at a $134B valuation, and says it has crossed $7B in revenue run rate — Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation. — The company said that it has …
Katie Tarasov / CNBC: Inside SK Hynix's $720B Yongin Cluster, which it says will be the world's largest network of memory factories and is set to go into production in February 2027 — In South Korea, where a mountainous landscape makes building huge projects an incredible undertaking, the world's leading maker …
Arjun Kharpal / CNBC: SoftBank reports Q1 net profit down 18% YoY to ~$2.2B, above ~$761M est., an ~$8.2B gain on its Intel stake, and Vision Fund up $1.7B due to its ByteDance stake — SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel …
Jenny Lee / CNBC: Nintendo reports Q1 revenue down 10% YoY to ~$3.3B, above $2.8B est., net income of ~$933M, above ~$495M est., and Switch 2 sales down 34.4% YoY to 3.82M — Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
MacKenzie Sigalos / CNBC: Sources: some Google researchers have grown frustrated over AI compute access for ambitious projects while Google Cloud sells TPUs to customers like Anthropic — Depending on where you sit, Google either has the most enviable position in artificial intelligence or is bleeding top talent …
Lora Kolodny / CNBC: Uber reports Q2 revenue up 12% YoY to $14.19B, below $14.24B est., Gross Bookings up 24% YoY to $58B, above $57B est., and forecasts Q3 adjusted EPS below est. — Uber issued a forecast for bookings and earnings that trailed analysts' estimates, while second-quarter profit was in line with expectations.
Kai Nicol-Schwarz / CNBC: The EU's AI Act enforcement powers take effect, letting it evaluate AI models before regional release, restrict market access, fine model providers, and more — The European Union gained new powers to inspect AI models, restrict EU market access and fine model providers …
CJ Haddad / CNBC: Trump Media's new paid data API launches, for “a direct, licensed, real-time feed of the platform's most market-moving Truths”; Dem. senators asked SEC to probe — Trump Media and Technology Group's new paid data service launched on Aug. 1, providing faster access to Truth Social posts …
Jenny Lee / CNBC: CXMT's stock closed up 466% in its Shanghai debut, giving the Hefei-based memory chipmaker a ~$487B market cap, making it the most valuable China-listed company — Shares of chipmaker Changxin Technology Group soared nearly 466% Monday in their debut on Shanghai's tech-heavy STAR Market …
CNBC: The DOD's $9.7B contract with Dell has raised eyebrows as a potential payback for Michael and Susan Dell's $6.25B donation to 25M US children's Trump Accounts — Michael Dell bought into President Donald Trump's second term early. Now his hardware company, Dell Technologies …
Samantha Subin / CNBC: SentinelOne's stock closes down 8% after the company announced plans to lay off 8% of its workforce and forecasted Q2 and FY revenue guidance below estimates — SentinelOne shares sank 8% as the cybersecurity company laid off 8% of its full-time workforce to focus on artificial intelligence and data investments.
CJ Haddad / CNBC: Israel-based web development company Wix is cutting 20% of its workforce, citing the “fast evolution of AI capabilities” and currency exchange rate difficulties — Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced …
Annie Palmer / CNBC: Amazon says it is making the “architecture, starter code, and learnings” from Alexa for Shopping available to third-party retailers, starting with Kate Spade — Amazon has been using homegrown artificial intelligence technology to help users compare products and buy or reorder items on their behalf.
Jonathan Vanian / CNBC: Dropbox founder Drew Houston is stepping down as CEO after 19 years to become executive chairman, replaced by Ashraf Alkarmi, who is SVP and GM of Dropbox Core — Drew Houston founded Dropbox nearly two decades ago out at age 24, eventually becoming a household name in Silicon Valley …
Justin Papp / CNBC: Republican House Oversight Committee Chairman James Comer says he requested information from Kalshi and Polymarket on their efforts to prevent insider trading — Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, announced Friday on CNBC's “Squawk Box” …
CJ Haddad / CNBC: Meta, Broadcom, Applied Materials, GlobalFoundries, and Synopsys launch a $125M “Semiconductor Hub” at UCLA to advance AI chip research and more — Broadcom, Meta, Applied Materials, GlobalFoundries and Synopsys are joining forces to launch a $125 million “Semiconductor Hub” at the UCLA Samueli School of Engineering.
CNBC: Jeff Bezos dismisses AI job fears, defends billionaires against “vilification”, proposes eliminating income taxes for low earners, and praises President Trump — VIDEO 54:38 — Watch CNBC's full interview with Amazon founder Jeff Bezos — Ultrabillionaire Jeff Bezos …
Hugh Son / CNBC: Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025 — Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.
Krysta Escobar / CNBC: Modular data center maker Armada raised a $230M Series B co-led by Overmatch, 8090 Industries, and BlackRock at a $2B valuation, and plans a new Arizona factory — Armada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector …
Kevin Breuninger / CNBC: Filings: in Q1, Trump traded $220M-$750M in NVDA, MSFT, AMZN, META, ORCL, and other stocks; millions of dollars of NVDA were bought shortly before major news — President Donald Trump reported thousands of financial transactions totaling hundreds of millions of dollars …
Sawdah Bhaimiya / CNBC: EU Commission President Ursula von der Leyen says the EU will take action against “addictive design” on TikTok and Instagram, including “endless scrolling” — The EU is clamping down on social media firms and plans to target “addictive design” features on TikTok …
Tanaya Macheel / CNBC: Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others — Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain …
Brandon Gomez / CNBC: Whoop plans to offer on-demand video consultations with licensed clinicians for US users, and adds electronic health records and AI-powered health guidance — Wearable fitness tracker Whoop announced on Friday it will introduce in-app access to on-demand licensed clinicians for users in the United States.
Arjun Kharpal / CNBC: Nintendo reports Q4 revenue of ~$2.60B, below ~$2.75B est., net profit of ~$416M, above ~$403.68M est., and forecasts a decline in FY 2027 Switch 2 unit sales — Nintendo will hike the retail price of the Switch 2 after forecasting a decline in sales for its flagship console as the memory chip crunch hits the Japanese gaming giant.
Kai Nicol-Schwarz / CNBC: Sony reports Q4 revenue up 8% YoY to ~$19.4B, above ~$18.4B est., ~$1.06B operating profit, below ~$1.7B est., and forecasts FY 2027 net profit up 13% to ~$7.4B — Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments …
CNBC: Apple's R&D spending hit 10.3% of revenue in Q2, up from 7.6% in Q1 and 9% in Q2 2025, amid the AI boom; Q2 revenue rose 17% YoY, while R&D jumped 34% YoY — For the first time in at least 30 years, Apple is spending more than 10 cents of every dollar it brings in on research and development …
Katie Tarasov / CNBC: Corning and Nvidia partner to open three advanced manufacturing plants in North Carolina and Texas dedicated to optical tech for Nvidia, creating 3,000+ jobs — Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three …
Jonathan Vanian / CNBC: The jury-less bench trial phase of Meta's child safety case in NM begins today to determine if Meta's actions were a public nuisance and warrant product changes — Meta is back in a New Mexico courthouse on Monday as part of an ongoing child safety case that could determine whether the company …
Ashley Capoot / CNBC: Filing: Elon Musk texted Greg Brockman about settling days before trial; after being denied, he said Brockman and Altman “will be the most hated men in America” — Two days before Elon Musk's multi-billion-dollar lawsuit against OpenAI was slated to head to trial …
Evelyn Cheng / CNBC: China's EV makers are competing on in-car AI features; ByteDance says its Doubao AI is used in 7M+ cars across 145 models, including from Mercedes, Audi, and VW — - China's EV price war is evolving into a “feature war” focused on AI and cockpit tech — ByteDance's Doubao AI chatbot …
Katie Tarasov / CNBC: Intel's stock jumped 114% in April, hitting a record on April 24 and lifting its market cap past $470B, closing out the chipmaker's best month on record — Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago.