Tag Archives: CNBC

Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs

Investors that got into Bridge Network a few months ago are tripling their money after Stripe agreed to buy the crypto company this week.

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Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency

German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.

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Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’

“I think we’re within months, not years” of formal U.K. stablecoin laws being introduced, crypto firm Circle’s top policy executive told CNBC.

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Qualcomm shares fall 5% after report of Arm threat to scrap key license in escalating dispute

Qualcomm shares fell in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.

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TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips

TSMC has denied a report that the U.S. is investigating its dealings with Huawei, following news that one of its chips has been found in a Huawei product.

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Amazon to shut down speedy brick-and-mortar delivery service

The company has stopped any new development of the service, called Amazon Today, and will begin to wind it down, according to people familiar with the matter.

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Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster

Near Space Labs, a Brooklyn, New York-based startup, invented stratospheric, AI-enabled robotic cameras that fly on weather balloons.

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Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’ and can get more profitable

Salesforce has become more profitable in the past few years, but one activist investor says there’s more for the software company to do.

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Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced AI agents that can use a computer to complete complex tasks.

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SAP boss warns against regulating AI, says Europe risks falling behind U.S., China

Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.

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