Tag Archives: CNBC

Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers

DeepSeek’s rise came as a timely confidence boost as the Chinese leadership faces a prolonged economic gloom and a brewing trade war with U.S.

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Meta approves plan for bigger executives bonuses following 5% layoffs

Meta’s executive officers could earn a bonus of 200% of their base salary under the company’s new executive bonus plan, up from the 75% they earned previously.

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Block shares fall on profit, revenue miss

Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.

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Amazon surpasses Walmart in revenue for the first time

Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.

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Amazon to gain creative control of James Bond franchise from Broccoli family

Amazon reached a deal with the Broccoli family, the James Bond franchise’s longstanding producers, to form a new joint venture.

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OpenAI tops 400 million users despite DeepSeek’s emergence

OpenAI now has 400 million weekly active users, up from 300 million in early December, OpenAI’s chief operating officer, Brad Lightcap, tells CNBC.

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Chinese smartphone firm Oppo launches slim $1,870 folding phone to rival Samsung, Huawei

Chinese smartphone maker Oppo on Thursday revealed the Find N5, a new flagship that can fold in half.

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Europe risks becoming a ‘museum’ if it doesn’t innovate in AI and deregulate, Swedish PM warns

“I think we really need to step up in Europe,” Sweden’s Prime Minister Ulf Kristersson said Thursday.

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Apple unveils cheaper iPhone 16e powerful enough to run AI

The new iPhone is called iPhone 16e, and it will retail for $599 when it goes on sale later this month.

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AI startup Baseten raises $75 million following DeepSeek’s emergence

Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said.

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