Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
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U.S. lawmakers request information from DoorDash on use of Chinese AI models
The food delivery company is the latest to be asked to share details of AI use by a House Committee joint investigation.
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Amazon is surging after earnings. How to trade the hyperscaler for more upside while defining risk
Jeff Kilburg breaks down how he’s trading AMZN.
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Leonardo expects more deals as Europe ramps up defense spending
Leonardo is eyeing further M&A as it races to expand capabilities and meet surging defense demand after raising its 2026 outlook.
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Democrats demand information on Trump and Lutnick families’ ties to critical mineral deals
The senators asked the Departments of Commerce, Defense, Energy, Interior and the Export-Import Bank to preserve all records related to those deals.
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Momentum stocks score one of their best days in history after the ‘Leopold liquidation’
Talk about a snap-back move.
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GM to launch its own in-vehicle AI system later this year
General Motors plans to launch a proprietary in-vehicle artificial intelligence system that’s better tailored for its customers later this year.
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Dwindling cash and soaring memory costs: Tech’s AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta’s cash generation plummeted by 91%.
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34-year-old CEO bet on AI video 5 years before ChatGPT—convincing Mark Cuban to invest was the easy part
Victor Riparbelli launched Synthesia in 2017 to help people ‘make a Hollywood film from a laptop.’ After four years of middling results, he made a major shift.
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New York sues Kalshi, says prediction market is running ‘illegal gambling operation’
It comes after a federal judge earlier this month denied Kalshi’s attempts to intervene against the state’s Gaming Commission.
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