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Stripe valued at $159 billion after tender offer for employees, shareholders
Fintech startup Stripe continues to show strong growth, with a valuation now at $159 billion and total volume nearing $2 trillion last year.
Meta strikes AI chip deal with AMD days after committing to deploy millions of Nvidia GPUs
AMD has secured Meta as a customer for its Helios rack-scale system, as Nvidia's Blackwell faces heightened competition.
Cyber startup Cato Networks tops revenue milestone as CEO says AI is helping business
Cato CEO Shlomo Kramer co-founded Israeli cybersecurity firm Check Point Software and was an early investor in Palo Alto Networks.
Nvidia earnings report collides with Wall Street skepticism over AI spending
Nvidia is the only megacap tech stock to notch gains this year as investors have turned cautious on the hefty amounts of spending on AI infrastructure.
Anthropic joins OpenAI in flagging 'industrial-scale' distillation campaigns by Chinese AI firms
Anthropic accused three Chinese artificial intelligence enterprises of engaging in coordinated distillation campaigns, the latest American tech firm to do so.
Intel partners with AI chip startup SambaNova after acquisition talks reportedly failed
Intel CEO Lip-Bu Tan first invested in SambaNova in 2017. Now the chipmaker he runs is putting more capital behind the startup.
As Wall Street punishes software stocks over AI concerns, Canva gets more acquisitive
Cavalry offers motion graphics tools for designers, while MangoAI could help Canva provide tools for making new video ads.
Jim Cramer says AI fears have made the stock market fragile
New research explains how the AI boom could hurt the economy and cause a 10% unemployment rate.
Tesla sues California DMV to reverse ruling that company engaged in false advertising on FSD
California's DMV previously ruled that Tesla falsely promoted its cars' self-driving capabilities.
Uber acquiring parking app SpotHero as it moves beyond ride-hailing and food delivery
Uber said it plans to offer a parking reservation experience powered by SpotHero for events and at venues and airports.
IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat
COBOL is a computer language used for business data processing and IBM is a leader in that area.
Cybersecurity stocks drop for a second day as new Anthropic tool fuels AI disruption fears
Cybersecurity stocks are the latest to see sell-off pressure as AI threatens to upend software companies.
Cybersecurity stock selling deepens on AI threat concerns. Why we're not bailing
AI disruption fears spark sell-off in cyber, but the market is overlooking the sector's fundamentals
Amazon to spend $12 billion in Louisiana on AI data centers
The project comes as Amazon has committed up to $200 billion this year on AI investments, which include data centers, chips and networking equipment.
Tariffs, flight cancellations, OpenAI's spending reset and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Google spinout Aalyria valued at $1.3 billion as investors pour into space-based communications
Aalyria, which was spun out of Google in 2022, raised $100 million in a funding round led by Battery Ventures.
OpenAI lands multi-year deals with consulting giants in enterprise push
The consulting firms will help OpenAI's enterprise customers get AI agents into real production workflows more quickly.
Finland's IQM to become one of Europe's first listed quantum companies at $1.8 billion valuation
The transaction will see the company hit a $1.8 billion valuation.
Sam Altman defends AI resource usage: Water concerns 'fake,' and 'humans use energy too'
OpenAI CEO Sam Altman defended the resource use of AI on Friday, arguing that water concerns were "fake" and comparing it to human energy use.
Trump demands Netflix fire Susan Rice as DOJ probes Warner deal
Rice argued during a podcast last week that "it is not going to end well" for corporations, news organizations, and law firms that "bent the knee" to Trump.
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