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coreweave On Friday, CEO Mike Intrater backed the company’s big spending plans in an interview with CNBC’s “Squawk on the Street,” even as the company’s stock price fell after the earnings call on concerns about profitability. Intrater told CNBC that Coreweave was willing to invest in more infrastructure and sacrifice margins to meet “once-in-a-generation” capacity demands.”I understand that people are concerned because they see us putting a lot of money into this market, but the reality is we have a huge backlog,” he said.Coreweave’s stock price plummeted 22% following the disappointing earnings outlook. The New Jersey-based company also said it…
Newcastle have increased security over the future of Anthony Gordon, whose contract expires in 2030.Arsenal are targeting the Newcastle forward in the summer transfer window and are hoping to sign Gordon for £75m, according to reports. The 25-year-old is said to have only two years left on his current contract with the club, but Sky Sports News can exclusively reveal that the deal runs until 2030, when Gordon will be 29 years old. Gordon will sign a long-term contract with Newcastle in October 2024, with four years remaining on his contract.Ahead of Saturday’s match between Newcastle and Everton, Howe was…
In a newly released deposition filed in Elon Musk’s lawsuit against OpenAI, the tech executive attacked OpenAI’s safety record and claimed that his company, xAI, prioritizes safety more. He went so far as to say, “No one has committed suicide because of Grok, but apparently they have because of ChatGPT.” The comments came as part of questions about an open letter Musk signed in March 2023, in which he called on the AI Institute to pause development of AI systems more powerful than GPT-4, OpenAI’s flagship model at the time, for at least six months. The letter, signed by more…
Block CEO Jack Dorsey’s move to cut nearly half his workforce spotlights a growing question for American companies: whether advances in artificial intelligence will ultimately mean fewer employees.Dorsey said on Thursday’s earnings call that Bullock will cut about 4,000 jobs.Dorsey described the move as more than just a cost-cutting effort, but a shift in the way companies operate as artificial intelligence becomes central to business decision-making.He also suggested other companies would follow suit.”I don’t think we’re quick to realize this. I think most companies are late,” he said. “I believe that within the next year, the vast majority of companies…
U.S. President Donald Trump pauses to speak to the media as he departs from Marine One on the South Lawn of the White House on February 27, 2026 in Washington, DC. Andrew Harnik | Getty Images”We don’t want to use the U.S. military to attack Iran, but sometimes we have to,” President Donald Trump said Friday.However, President Trump also said that he has “not made a final decision” on whether to attack Iran.”Let’s see what happens,” he said. “We will discuss this later today. We will have additional discussion today.”President Trump made the comments to reporters outside the White House…
Stocks fell on Friday after a key inflation measure came in much better than expected, continuing to raise concerns about AI disruption. But CNBC’s Jim Cramer said there are four reasons to remain bullish for now. “I’m not going to be pessimistic if the 10-year (U.S. Treasury) yield goes down,” he said on “Squawk on the Street” on Friday. “I’m not going to be pessimistic if OpenAI gets funding, which at one time I thought it wouldn’t get. I’m not going to be negative when I look at Dell’s performance. I’m not going to be negative because of how much…
U.S. Secretary of State Marco Rubio speaks to reporters in the departure lounge before returning to Washington after meeting with Caribbean Community (CARICOM) leaders at Robert L. Bradshaw International Airport in Basseterre, St. Kitts and Nevis, February 25, 2026. Jonathan Ernst | ReutersThe State Department announced Friday that Secretary of State Marco Rubio will visit Israel early next week to discuss Iran and other regional issues.The announcement of Mr. Rubio’s visit comes amid growing concerns that the United States will launch an attack on Iran.MS Now reported Friday that Omani Foreign Minister Badr al-Busaidi will meet with Vice President J.D.…
Netflix stock is soaring as investors praise the company’s decision to exit Warner Bros. Discovery’s months-long bidding war with Paramount Skydance for some of Hollywood’s most valuable assets.Shares rose more than 10% on Friday. This followed Netflix’s decision Thursday night not to meet Paramount’s latest bid of $31 per share or increase its offer of $27.75 per share for Warner Bros.’ studio and streaming assets, saying the deal was “no longer financially attractive.”Recommended stories list of 4 itemsend of listWarner had given Netflix four business days to submit a counteroffer to Paramount’s latest bid, but instead Netflix responded in less…
Manchester City will face Real Madrid in the last 16 of the Champions League, as Chelsea were drawn against holders Paris Saint-Germain.Chelsea could have been handed an all-English last-16 tie against Newcastle, but Eddie Howe’s side will face Spanish champions Barcelona. Premier League leaders Arsenal, who topped the Champions League table with a perfect record, face German side Bayer Leverkusen. Six-time winners Liverpool take on Galatasaray, while Tottenham have been handed a tie against Atletico Madrid.The draw for the quarter-finals and semi-finals has also now been made, with each team’s potential route to the May 30 final in Budapest shown…
Sam Altman, CEO of OpenAI Inc., attends the AI Impact Summit on Thursday, February 19, 2026 in New Delhi, India. Prakash Singh | Bloomberg | Getty ImagesOpenAI CEO Sam Altman told staff late Thursday that he would like to “try to de-escalate the situation” between rival Anthropic and the Pentagon.”I have long believed that AI should not be used for mass surveillance or autonomous lethal weapons, and that humans should always be on top of high-stakes automated decisions,” Altman said in a memo seen by CNBC. “These are our main red lines.”Anthropic has until Friday at 5:01 p.m. ET to…