Tag: Elon Musk
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AI’s costly buildout complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
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World’s largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time
The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across 60 countries.
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Longtime OpenAI executive Brad Lightcap leaves as shakeup at AI lab continues
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu OpenAI’s Brad Lightcap said on X that he’s leaving the company after eight years. Lightcap had served as operating chief
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Trump Media posts $238 million second-quarter loss as crypto declines
TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump’s posts.
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SpaceX stock rebounds to near $135 IPO price
SpaceX reported better-than-expected revenue in its second-quarter earnings report last week.
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CNBC Daily Open: Record heatwaves hit Europe’s already expensive summer
German inflation figures and U.K. GDP will show just how deeply months of elevated energy costs have seeped into prices, and how much growth has taken a hit.
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CNBC Daily Open: Washington and Tehran both play it cool — but markets can’t
September rate-hike chances have fallen, but a hot inflation print or renewed disruption in the Strait of Hormuz could put them back in play.
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Myspace eyes comeback as an an ‘antidote’ to social media fatigue — but it may be a long shot
“Excitement about Myspace’s relaunch reflects nostalgia for a more analog time, when algorithms were less dominant in our lives,” an analyst told CNBC.
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Democrats plan Trump investigations over impeachment if they win House, sources say
Senior Democrats have discussed using hearings, subpoenas and document requests to obtain records from entities tied to Trump’s orbit, the sources said.
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Chesky says Airbnb will spend ‘a lot more’ on AI as earnings beat and stock surges 15%
Airbnb CEO Brian Chesky wasn’t sure AI would help the company, but a year later, he says it’s the reason growth is back.
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