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summary Russia announced that Ukraine had launched a large-scale drone attack on multiple regions, including St. Petersburg. A major economic forum, also known as Putin’s version of Davos, is being held in St. Petersburg. The attack came a day after Russia launched deadly attacks across Ukraine, killing at least 23 people. AI-generated summaries were reviewed by CNN editors. Russia announced on Tuesday night that it had shot down hundreds of drones over its territory, including about 60 over the Leningrad region, in the ongoing attack on Ukraine, a major economic forum said. St. Petersburg Governor Alexander Beglov said three districts…
Unitree Robotics humanoids dance to the opening of Asia’s first Embodied Intelligence Experience Store in Shanghai, May 31, 2026. Jade Gao | AFP | Getty ImagesSoftBank CEO Masayoshi Son told CNBC this week that the next trillion-dollar company will emerge from physical AI and robotics.Humanoid robots designed to mimic human movements and functions have been making headlines in recent years, from their use as baggage handlers at Japanese airports to Tesla’s big bet on its Optimus humanoid.Market watchers predict that machines will change the world over the next decade, with the industry expected to grow 100 times as AI’s physical…
Perplexity CEO Aravind Srinivas told CNBC on Wednesday that companies that can deliver the most economic value from AI-enabled capabilities will ultimately command the highest valuations.”The companies that can deliver the most value per watt per user will be the winners in the future,” Srinivas said.”Whoever can best accomplish this specific objective by balancing accuracy, latency, cost, privacy and intelligence will win. That’s the long-term winner,” Srinivas told CNBC’s Elaine Yu in an interview Wednesday.A token refers to the basic unit of data that an AI model can process. When an AI chatbot is asked to perform a task, it…
Data storage security company Cyera is finalizing a round of at least $300 million at a valuation of $12 billion led by Evolution Equity Partners, according to four people familiar with the deal. Calcalist first reported the funding deal, but TechCrunch’s sources added new details about the company and its financials. Cyera’s annual recurring revenue (ARR) has exceeded $150 million, three people familiar with the matter told TechCrunch, but it remains far from profitable. The deal values Cyera at 80x ARR, which is even higher than the multiple investors are assigning to many fast-growing AI startups. The company is spending…
Nvidia Corp. Chief Executive Officer Jensen Huang speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, Monday, June 1, 2026. Yifei Lin | Bloomberg | Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.US President Donald Trump doesn’t seem concerned about the collapse of “boring” negotiations with Iran, further clouding prospects for a resolution to the Middle East conflict and rising oil prices.A spike in oil prices usually spooks investors, but the tech industry news appears to have trumped geopolitical concerns as the U.S. benchmark index…
palo alto networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important, with companies forced to strengthen their defenses as AI-powered attacks become increasingly sophisticated.”I think we’ve officially declared ‘SaaSpocalypse’ over for cybersecurity,” Arora said Tuesday on CNBC’s “Mad Money,” referring to investor concerns earlier this year that software-as-a-service (SaaS) companies would be disrupted by AI models. Palo Alto on Tuesday reported better-than-expected quarterly results and raised its full-year outlook. Revenue was $3 billion, up 31% from the same period last year, and adjusted earnings per share were 85 cents. The results are another sign that fears that…
Rebecca Bennett has won a high-stakes Democratic primary in the US state of New Jersey, pitting her against President Donald Trump-backed Republican Tom Kean Jr. for one of the most competitive seats in the upcoming midterm elections.Bennett, a former U.S. Navy helicopter pilot, defeated three Democratic rivals in New Jersey’s 7th Congressional District, securing about 47.2% of the vote, according to Tuesday’s projected results.Recommended stories list of 4 itemsend of listHer closest rival, Tina Shah, received 20.2 percent.Keene and Bennett will face off in November over the seat, which has changed leadership twice in the past eight years and is…
People watch as the Doris Ocean container ship leaves the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Tama Mario | Getty ImagesThe Office of the U.S. Trade Representative has proposed imposing additional tariffs of up to 12.5% on imports from 60 countries for failing to ban products made with forced labor, a drastic measure that would hurt most trading partners, including China, the European Union and Japan. The decision, made under Section 301 of the Trade Act of 1974, found that all 60 countries have failed to impose or effectively enforce forced labor-related import bans,…
Golden State Warriors No. 30 Stephen Curry reacts during the second half of a game against the Charlotte Hornets at Spectrum Center on March 29, 2024 in Charlotte, North Carolina. Jared C. Tilton | Getty ImagesNBA star Stephen Curry has entered into a partnership with Chinese sportswear and equipment company Li-Ning that will include not only product development but also a commitment to sports culture.The Golden State player said in the letter that he also plans to launch Curry-branded stores in the United States and China, adding that the partnership will help his brand have broader resources and a global…
A voter drops a ballot into an official ballot box inside City Hall during the primary election in San Francisco, California, USA, on Tuesday, June 2, 2026. David Paul Morris | Bloomberg | Getty ImagesCalifornians will vote in a primary election Tuesday to choose two finalists for governor and Los Angeles mayor, while also testing the direction of a newly redrawn Congress that could change the balance of power in the U.S. House of Representatives.The race for the top spot is widely seen as an open race for governor, with Gov. Gavin Newsom resigning and aiming to run for the…