Monthly Archives: June 2024

CNBC) For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that follow. On Monday, Core […]

(CNBC) Microsoft will lay off some employees who work on mixed reality. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. The reduction comes a year after […]

(CNBC) The company notified employees last week of the cloud cuts, with roles being eliminated in sales, consulting, “go to market” strategy, operations and engineering, according to internal correspondence viewed by CNBC. At least 100 positions were cut, said people […]

(CNBC) Stock futures were calm on Sunday evening ahead of the first trading day in June. Futures for the Dow Jones Industrial Average ticked up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%. Wall Street is […]

(CNBC) When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of deep pain for thousands […]

(CNBC) Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei. Rubin comes […]

(CNBC) Meme stock GameStop is rallying again on speculation Keith Gill, the man who inspired 2021?s epic short squeeze, could currently have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube and […]

(CNBC) VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most […]

(CNBC) Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Salesforce shares plunged almost 20% on […]

(CNBC) Nike missed on earnings Thursday for the first time in three years, as the retailer reported lower margins that weighed on profits during its fiscal fourth quarter. Shares dropped more than 4% in extended trading. The stock has fallen […]

(CNBC) U.S. equity futures were little changed on Thursday evening as investors awaited the latest data on personal consumption expenditures, the Federal Reserve’s favored inflation gauge. Futures tied to the Dow Jones Industrial Average inched lower by 26 points, or […]