News from the economy, politics and the financial markets
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Big Tech is poaching energy talent to fuel its AI ambitions
Hires of energy-related talent by Big Tech was 30% higher in 2025 than pre-AI levels.
Meta's VR layoffs, studio closures underscore Zuckerberg's massive pivot to AI
Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it pushes resources towards AI.
Palantir is trying to 'destroy' Percepta through legal action, startup's execs say in filing
Three months after Palantir sued Percepta employees, lawyers for the defendants said Palantir is trying to "scare others away" from leaving the company.
Jim Cramer reveals his favorite big-cap stock to own now, sees 20% upside ahead
Sentiment toward this Mag 7 stock has strengthened as it's increasingly seen as a leader in generative AI.
Microsoft says communities won't see energy price hikes near data centers as utility costs rise
Microsoft is asking Wisconsin's Public Service Commission to raise the electric rate the company pays for a data center in the state.
Alibaba-backed PixVerse launches real-time AI video tool, top executive tells CNBC
Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.
Data center REIT CEO says real estate ‘not in an oversupply state’
Andy Power, CEO of Digital Realty says data center real estate is not oversupplied as hyperscalers like Nvidia, Amazon, Google and Meta announce more projects.
The market's Powell reaction, JPMorgan earnings, Siri's AI upgrade and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Salesforce releases updated Slackbot powered by Anthropic's AI model
Slack is upgrading Slackbot, its personal assistant, with generative AI.
SK Hynix to invest $13 billion in new plant amid memory chip shortage
South Korea's SK Hynix will invest 19 trillion Korean won into a new advanced packaging plant, as the company attempts to meet growing memory demands.
Trump says Microsoft will make changes to ensure consumers don't pay for power used in AI buildout
President Trump said in a social media post that Microsoft will "make major changes beginning this week" to make sure Americans don't see rising energy costs.
OpenAI acquires health-care technology startup Torch for $60 million, source says
Torch CEO Ilya Abyzov previously co-founded Forward, a direct-to-consumer primary care business that did patient visits with tech-enabled "CarePods."
Elizabeth Warren fears workers will 'lose big' with 401(k) crypto, presses SEC chair Atkins for answers
The SEC is preparing to help the Trump administration make crypto an investment in retirement plans, but Sen. Elizabeth Warren is voicing her concerns.
Apple picks Google's Gemini to run AI-powered Siri coming this year
Google's market value surpassed Apple for the first time since 2019 as it rolls out updated artificial intelligence features.
Alphabet hits $4 trillion market capitalization
The milestone comes after the company surpassed Apple as the second most valuable company.
Tech investors assess minerals mining as U.S. takeover talk on Greenland grows, CEO tells CNBC
The geopolitical firestorm raging over the Arctic island has brought commercial opportunities to the fore.
Meta names former Trump advisor Dina Powell McCormick as president, vice chair
Powell McCormick will serve as a member of Meta's management team and will help guide its strategy and execution, the company said.
Meta urges Australia to rethink under-16 social media ban after blocking over 500,000 accounts
Meta highlighted that many Australian teens are circumventing its new social media ban by using alternative platforms such as Yope and Lemon8.
Powell's criminal investigation, Google's AI shopping push, Boeing deliveries and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Malaysia and Indonesia block Elon Musk's Grok due to obscene, non-consensual content
Malaysia and Indonesia blocked access to Elon Musk's AI chatbot Grok over the weekend due to concerns that the tool was being used to generate sexually explicit and obscene content.
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