Author: Editor-In-Chief
Chipmaker AMD is taking aim at rival Nvidia with its latest hardware release of a rack-scale system designed to meet the computing needs of the world’s largest AI labs. At the company’s packed Advancing AI conference in San Francisco on Thursday, AMD Chairman and CEO Dr. Lisa Su touted its new AI rack system, known as Helios, and its growing list of customers, including Microsoft, as the company prepares to ship later this year. Hsu also touted the company’s latest chip, designed to feed the compute-hungry dragon that is the AI industry. Rack systems combine many processors into one high-power…
U.S. President Donald Trump speaks to reporters after landing on Air Force One at Joint Base Andrews, Maryland, July 19, 2026. Andrew Harnik | Getty ImagesThe Trump administration plans to impose new tariffs on dozens of countries starting just after midnight ET on Friday, citing suspected forced labor violations.The tariffs, set between 10% and 12.5%, would effectively replace President Donald Trump’s temporary 10% global tariff, which is set to expire at the same time the new tariffs go into effect.The Office of the U.S. Trade Representative announced in a fact sheet Thursday afternoon that the upcoming tariffs will apply to…
Important pointsCNBC’s Jim Cramer said the market appears too complacent given the escalating Middle East conflict, high oil prices, rising interest rates and rising AI spending. “We’re having a hard time finding reasons to buy, but there are certainly plenty of reasons to sell,” he said on “Squawk on the Street” on Thursday.CNBC’s Jim Cramer warned that Wall Street may be underestimating the growing risks facing the market, including higher oil prices and increased spending on artificial intelligence. “I’m having a hard time finding reasons to buy, but there are certainly plenty of reasons to sell,” he told “Squawk on…
A person enters the New York Times building on January 22, 2026 in New York City.Angela Weiss | AFP | Getty ImagesThe Justice Department has withdrawn subpoenas obtained for grand jury testimony and phone records of a New York Times reporter involved in a story about security issues surrounding President Donald Trump’s new Air Force One jet, prosecutors told a federal judge in New York on Thursday.The move was made during a hearing in U.S. District Court in Manhattan, where Judge Arun Subramanian warned prosecutor Sean Buckley that if the Justice Department did not withdraw the subpoena, he would destroy…
JPMorgan Asset Management says Wall Street relies heavily on exchange-traded funds that give investors exposure to artificial intelligence.According to the firm’s ETF Guide, published this month, ETFs are the top five themes by assets under management, despite volatility hitting the group in the second quarter.”A lot of (themes) are shifting towards AI and the ecosystem around it,” John Meyer, the firm’s chief ETF strategist, told CNBC’s “ETF Edge” this week.Meyer, who led the Insights team that published the report, also highlighted the overlapping relationship between AI-themed ETFs and infrastructure.“It all plays into the AI story: applications, energy (and) AI models,”…
Google is adding another name to its long list of products, which have more than 1 billion users. That list already includes Search, Gmail, Drive, Android, YouTube, and Chrome. The company said in its Q2 2026 conference call that its AI assistant Gemini now has more than 950 million monthly users. The company noted that Gemini users have tripled over last year. Prior to this, in February it was announced that the number of monthly active users of the Gemini app exceeded 750 million. This growth will put Google’s Assistant in closer competition with OpenAI’s ChatGPT, which reached 1 billion…
Tuesday, June 30, 2026, at the U.S. Capitol in Washington, DC. Graham Sloan | Bloomberg | Getty ImagesUnder new legislation being considered by the Senate, the president and other federal officials would be prohibited from issuing or sponsoring virtual currencies or other digital assets.Republicans on Wednesday reintroduced a measure known as the Clarity Act, a major piece of legislation to govern the broader digital asset market. The bill’s lead sponsor, Sen. Cynthia Lummis (R-Wyo.), provided CNBC with a document that includes initial restrictions on how the president can profit from cryptocurrencies.The bill would authorize the Department of Justice to enforce…
Andrew Feldman, co-founder and CEO of Cerebras Systems, holds a Wafer Scale Engine 3 chip on the Nasdaq Market site in New York on May 14, 2026.Michael Nagle | Bloomberg | Getty Imagescerebrum Shares rose about 4% on Thursday after the company struck a deal with. advanced micro device This involves the two chipmakers collaborating on artificial intelligence systems. Cerebras CEO Andrew Feldman said at AMD’s AI conference in San Francisco that the company’s chips will be used in AMD’s Helios AI system, which will be installed in Cerebras data centers starting later this year. Server buyers can also configure…
Wednesday, July 22, 2026, at the U.S. Capitol in Washington, DC. Aaron Schwartz | Bloomberg | Getty ImagesCongress was divided Thursday on advancing two war powers resolutions aimed at forcing President Donald Trump to abandon war with Iran, as the conflict escalates to a dangerous new level. oil top $100 per barrel. The move was the first vote since President Trump notified Congress that he was resuming war with Iran following the collapse of peace talks. The conflict flared up again after weeks of uneasy ceasefire, months before the US midterm elections. That threatens to undermine the Republican Party’s plans…
A spate of flash flooding emergencies in the United States over the past two weeks has highlighted the dangerous aspects of July. The month saw multiple once-in-a-millennium rainfall events across the United States, but July isn’t over yet. A flash flood emergency is the highest level of flood warning, with more than a dozen issued across the country so far this month. This puts July 2026 within reach of a monthly record of such alerts. A once-in-a-millennium flood hit the Texas Hill Country from July 15th to 17th. In some areas, nearly a year’s worth of rain fell in just…