Tag Archives: CNBC

Bitcoin climbs, reaching a new all-time high above $97,000

Bitcoin breached the $97,000 level for the first time Wednesday night as investors continued pricing in a second Donald Trump presidency.

Posted in Tech | Tagged | Comments Off on Bitcoin climbs, reaching a new all-time high above $97,000

DOJ pushes for Google to break off Chrome browser after antitrust case

The Department of Justice is pushing a federal judge to make Google divest its Chrome internet browser as a remedy following the antitrust case.

Posted in Tech | Tagged | Comments Off on DOJ pushes for Google to break off Chrome browser after antitrust case

Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated

Nvidia on Wednesday signaled that Blackwell sales over the next few quarters will be limited by how many chips and systems it can make.

Posted in Tech | Tagged | Comments Off on Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated

Snowflake shares pop 19% on earnings and revenue beat

Snowflake reported better-than-expected results on the top and bottom lines.

Posted in Tech | Tagged | Comments Off on Snowflake shares pop 19% on earnings and revenue beat

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to a new Menlo Ventures report.

Posted in Tech | Tagged | Comments Off on Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Nvidia to report third-quarter earnings after the bell

In August, Nvidia said it expected about “several billion” in Blackwell sales during the January quarter.

Posted in Tech | Tagged | Comments Off on Nvidia to report third-quarter earnings after the bell

FTX co-founder Gary Wang avoids prison time for role in crypto fraud

Gary Wang was the fifth former FTX executive to be handed a punishment for his role in the collapse of the crypto exchange in late 2022.

Posted in Tech | Tagged | Comments Off on FTX co-founder Gary Wang avoids prison time for role in crypto fraud

Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options

Bitcoin advanced above $94,000 on Wednesday as investors monitored the Trump transition and digested newly launched options trading.

Posted in Tech | Tagged | Comments Off on Bitcoin rises to a fresh record above $94,000 as investors watch Trump transition, ETF options

Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion

Odoo, an enterprise software startup rivalling SAP, boosted its valuation to $5.3 billion in a secondary share round led by Alphabet’s VC fund and Sequoia.

Posted in Tech | Tagged | Comments Off on Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion

Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones

Qualcomm said at its investor day that its so-called internet of things business will more than quadruple in sales by 2029 to around $22 billion.

Posted in Tech | Tagged | Comments Off on Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones