Author: Editor-In-Chief
The AI boom is a hype cycle like no other in many ways. Sure, you have to compare the dot-com rise of the late 90s to the mobile revolution of the 1990s, but the company leads the pack in terms of capital invested and high expectations for creating major changes in society. The speed of progress comes with major hurdles. AI builders must contend with constraints such as access to energy to power huge data centers, a shortage of memory chips, and efficient data transfer between AI chips and systems. An emerging technology known as photonics offers a path to…
Elon Musk at SpaceX in Brownsville, Texas, May 27, 2025.Marvin Joseph | Washington Post | Getty ImagesSpaceX filed for an initial public offering a week ago, but Elon Musk is already stirring up turmoil.Days before the reusable rocket maker is scheduled to begin pitching its story to investors, Musk appeared on the SpaceX-owned social network X late Wednesday to detail the company’s recent partnership with rival AI startup Anthropic. His comments included potentially important aspects of their deal that were not included in SpaceX’s more than 300-page IPO filing.Earlier this month, SpaceX announced it was leasing unused computing power at…
When Candice Choi launched her Korean seaweed snack brand Geem in 2023, she thought the company would be strictly direct-to-consumer with a marketing strategy that relied primarily on TikTok. But within three months, the seaweed snack was on the shelves of grocery stores, including some Whole Foods stores, where gheem chips sat next to kale chips and vegetable straws.”We were really, really excited that we had so many people who were really excited about our snacks and the stores were so welcoming to us,” Choi told CNBC. “Traditionally, buyers are the gatekeepers and it takes years and years and years…
The European Union aims to “intensify” talks with the US government on cutting-edge AI models, including those with “cyber capabilities,” a European Commission official told CNBC.Anthropic’s powerful Mythos model, announced in April, infuriated governments and businesses and sparked a wave of concerns about AI-powered cyberattacks. That same month, the Wall Street Journal reported that the White House opposed Anthropic’s plan to expand access to its powerful Mythos model. Anthropic said Thursday it plans to offer a “Mythos-class” model to customers in the coming weeks. The White House said it is working closely with the AI Institute to balance innovation and…
Nairobi, Kenya — Kenya’s High Court has temporarily frozen a U.S. plan to establish an Ebola isolation and treatment facility in Kenya, where no Ebola cases have been recorded, for Americans who may have been exposed to the deadly virus more than 1,500 miles away in the Democratic Republic of Congo (DRC). The move comes after US Secretary of State Marco Rubio vowed earlier this week that the US “cannot and will not allow any cases of Ebola to enter the United States,” sparking fierce opposition from Kenyan civil society who slammed the apparent double standards. The rapidly growing outbreak,…
Every time you ask ChatGPT a question, that request triggers a data relay race. Information comes out of memory, passes through the CPU for preprocessing, goes to the GPU for heavy calculations, and then comes back. The entire process is repeated for every word the AI generates. The bottleneck is structural, meaning each request is routed through some of the industry’s most expensive and power-hungry chips. This inefficiency is exactly what XCENA, a startup with offices in South Korea and the United States, is trying to solve. The four-year-old startup has designed a chip that brings computing capabilities much closer…
The “double scar” of past inflationary problems and geopolitical trauma has distorted consumers’ views of the economy and threatens to cause retail spending to fall, new research from the European Central Bank has found.Eurozone households have become more sensitive to the economic impact of the Iran war because of the cumulative economic scars left by the 2022 invasion of Ukraine, which led to a post-pandemic surge in inflation and soaring energy prices, ECB researchers said. “There is good reason to believe that consumer expectations are shaped not only by current trends, but also by memories of recent adverse events,” they…
Check out the companies making the biggest pre-market moves: Dell Technologies — The laptop maker soared about 37% after raising its full-year outlook. Dell expects adjusted earnings per share to be $17.90 and revenue to be in the range of $165 billion to $169 billion. Analysts surveyed by LSEG had expected earnings of $13.09 per share on revenue of $142.5 billion. Computer Stocks — Stock prices of other companies involved in computer hardware and services rose on the back of Dell’s earnings. Hewlett Packard Enterprise rose more than 17%. Super microcomputers rose nearly 10%, and HP rose nearly 7%. American…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. I’m CJ. I’m filling in for Alex this morning. You may know me from my coverage of technology stocks on and off since 2024. My colleagues know me as a news reporter who can make authentic origami cranes. Speaking of things that fly, wait until you hear where I have my share. Dell Technologies This morning, the company is heading in that direction, following breakthroughs in its AI-powered business.Stock futures rose before the bell. All three major averages continue their strong weeks with winning…
LONDON, UK – JULY 9: British Prime Minister Sir Keir Starmer will host the first roundtable of UK regional mayors with Andy Burnham (R), Mayor of Greater Manchester, at Downing Street, London, UK on 9 July 2024. Sir Keir Starmer hosted the first roundtable with metro mayors from 11 regions across England. (Photo by Ian Vogler – WPA Pool/Getty Images)WPA Pool | Getty Images News | Getty ImagesPolitician Andy Burnham, who is threatening to overthrow the leadership of British Prime Minister Keir Starmer, has called for tighter regulation of AI, Big Tech and key industries if he returns to central…