Marvell Technology shares rallied 6% on a deal that would allow Google to buy up to $12.2 billion in shares of the chipmaking company, according to a securities filing. The deal, part of Google and Marvell’s partnership on custom chips, would allow the tech giant to purchase up to 58,970,907 shares at $206.58 apiece. The
Technology
Meta Platforms CEO Mark Zuckerberg departs the office of U.S. Majority Leader John Thune (R-SD) following a meeting at the U.S. Capitol in Washington, D.C., U.S., March 26, 2026. Nathan Howard | Reuters Following the first day of arguments in a high-stakes child safety case against Meta, California Attorney General Rob Bonta said Tuesday that
NVIDIA CEO Jensen Huang delivers a speech during a keynote event at COMPUTEX on June 02, 2026 in Taipei, Taiwan. Cheng Chia Huang | Getty Images Nvidia’s massive head start in artificial intelligence turned the chipmaker into the world’s most valuable company. Now, almost four years into the generative AI boom, competitors like Advanced Micro
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul. Kim Jae-Hwan | SOPA Images | Lightrocket | Getty Images A wave of South Korean investors is flocking to U.S. markets to avoid a correction at home, even as global investors pile in. Korean retail investors net
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images If New Mexico created the blueprint for taking on Meta, California could determine the company’s fate when it comes
Americans are keeping their cars longer than ever before, with the average U.S. vehicle age rising to 12.8 years, according to Mobility Global. But some industry analysts and forecasters worry that highly complex software-defined vehicles will age more like smartphones. These vehicles rely on sophisticated computers and software to control many functions that were once
Rivian’s in-vehicle AI assistant launched in its vehicles on May 12, 2026. Michael Wayland / CNBC DETROIT — What’s the best advanced driver-assistance system on the market? Ask Rivian Automotive‘s new artificial intelligence and it will say its creator. “Rivian’s is truly exceptional … an unmatched blend of safety and technology,” the chatbot told me
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week. The S & P 500 and Nasdaq both dropped modestly Friday but managed to post their third straight winning weeks. The S & P 500 rose above 7,800 during Thursday’s session for the
Thomas Fuller | Lightrocket | Getty Images Anthropic‘s revenue surged more than 14-fold in the second quarter from a year earlier, Bloomberg News reported Friday, underscoring the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering. The AI company reported preliminary revenue of more than $11.5 billion
Sarah Friar, chief financial officer of OpenAI, speaking on CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switzerland, Jan. 21, 2026. Oscar Molina | CNBC At the end of a week of turmoil in OpenAI’s C-suite, finance chief Sarah Friar held a meeting with investors on Friday and touted the company’s growth in
Sam Altman, chief executive officer and co-founder of OpenAI Inc., right, and Greg Brockman, president and co-founder of OpenAI Inc., arrive at the federal court in Oakland, California, US, on Thursday, April 30, 2026. David Paul Morris | Bloomberg | Getty Images When OpenAI hired Denise Dresser from Slack to be its chief revenue officer
Backed by Uber and powered by Chinese company Pony.ai, Croatia’s Verne has rolled out robotaxi services in the capital city Zagreb since spring 2026. Marko Perkov | Afp | Getty Images BEIJING — U.S. ride-hailing giant Uber is ramping up its global robotaxi coverage with operator Pony.ai. The companies plan to deploy 2,000 of Pony.ai’s
Silicon Valley leaders from Elon Musk to OpenAI CEO Sam Altman have hyped the deflationary effects of the artificial intelligence boom. “Intelligence too cheap to meter is well within grasp,” Altman wrote recently. Musk, the CEO of Tesla and SpaceX and the world’s richest person, has argued that AI and robotics will create extreme abundance
Employees celebrate the close of trading for the year at the Korea Exchange (KRX) on Monday, Dec. 30, 2013. SeongJoon Cho | Bloomberg | Getty Images South Korean stocks rallied Thursday, lifting the benchmark Kospi into a technical bull market as a global revival in the AI trade fuels a sharp recovery after last month’s
CoreWeave shares jumped 14% in extended trading on Tuesday after the AI infrastructure provider reported results than topped Wall Street expectations. Here’s how the company did relative to LSEG consensus: Earnings per share: Loss of $1.03 adjusted vs. loss of $1.20 expected Revenue: $2.58 billion vs. $2.56 billion expected Revenue climbed 112% during the quarter from
Exterior view of the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. Go Nakamura | Reuters BEIJING — Survivors have emerged in China’s fiercely competitive car market, which is increasingly dominated by electric-powered vehicles. Here are brands that have emerged as Chinese consumers’ favorite, according to industry data from Autohome:
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