Tag Archives: CNBC

Microsoft reveals its first quantum computing chip, the Majorana 1

Microsoft’s initial quantum processor, which contains eight topological qubits, is a step toward 1 million qubits and wide commercial use.

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AI health-care startup OpenEvidence raises funding from Sequoia at $1 billion valuation

The new $75 million cash injection values OpenEvidence at $1 billion, the two companies told CNBC. 

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Etsy stock tumbles on revenue miss as company reports drop in number of goods sold

Etsy, which is known for selling artisan and handcrafted goods, is facing heightened competition from Chinese online retailers Temu, Shein and TikTok Shop.

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Intel shares pop 10% on report Broadcom and Taiwan Semi could break up company

Intel shares rallied more than 10% on Tuesday on a report that deals from Broadcom and Taiwan Semiconductor Manufacturing could break up the company

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Law firm repping Tesla drafts Delaware bill that could salvage Musk pay package

The legislation would amend Delaware General Corporation Law and could pave the way for the reinstatement of Musk’s 2018 CEO pay package at Tesla.

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Musk’s xAI releases artificial intelligence model Grok 3, claims better performance than rivals in early testing

Elon Musk’s artificial intelligence company xAI has unveiled its latest AI chatbot, Grok 3, as its competition with OpenAI and DeepSeek heats up.

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Huawei launches $3,660 trifold phone outside of China as it charts international comeback

Huawei has made a comeback in China and is hoping to bring that momentum to overseas markets where its business has been badly hurt.

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‘Game on’: Tech execs say DeepSeek ramps up China-U.S. competition but won’t hurt OpenAI

At France’s AI Action Summit, tech bosses told CNBC that DeepSeek demonstrates that China can’t be counted out as a serious player in AI.

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Amazon workers reject union in vote at North Carolina warehouse

Organizers had been campaigning at the warehouse since 2022, hoping to secure higher wages and longer breaks.

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Crypto and Trump gang up on FDIC over debanking: ‘Our story is pretty ridiculous’

After years of struggles with the Biden administration, crypto executives have allies across Washington, and now have a platform to voice their complaints.

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