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Big Tech's Anthropic and OpenAI stakes are distorting the corporate earnings picture
If you were to strip out Big Tech's investment gains from private AI companies, the earnings story is a lot less bullish.
Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir's second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.
Palantir's Karp renews attacks on frontier AI labs that are 'trying to drug addict us'
Karp said Chinese models can't be blamed for distilling U.S. models when the frontier labs "distilled all the value of IP, everywhere."
Jim Cramer says the market has warmed up to Big Tech's AI spending. Here's what flipped the switch
Cramer said Amazon CEO Andy Jassy finally explained how Amazon's massive AI spending will generate long-term returns.
Snap's stock jumps 8% on earnings beat and strong sales forecast
Snap beat analysts' estimates across the board in its second-quarter earnings report.
Amazon tops $3 trillion market cap as stock continues post-earnings surge
Shares of Amazon hit a new all-time high Monday, putting its market cap over $3 trillion.
Hugging Face CEO says China is winning the AI race and dominating on open models
Hugging Face CEO Clément Delangue said Chinese AI models could catch up to the U.S. as soon as this year.
White House to host AI companies Tuesday to review new model-testing framework
President Donald Trump’s June executive order directed officials to develop a process to evaluate the cybersecurity capabilities of advanced AI models.
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.
U.S.-Iran talks, OpenAI's Hugging Face hack, Best Buy's new CEO and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
U.S. lawmakers request information from DoorDash on use of Chinese AI models
The food delivery company is the latest to be asked to share details of AI use by two House committee conducting a joint investigation.
Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta's cash generation plummeted by 91%.
Tim Cook's last dance, oil majors earnings, IPO avoidance and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push
CNBC's Arjun Kharpal sits down on The Tech Download podcast with the defense company chief.
South Korea's 'bipolar' stock market: meltdowns, a record rally and what's to come
South Korea's stock market staged its sharpest reversal on record on Friday, capping a month of wild swings.
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic said it discovered three instances where its Claude AI models accessed the internet during an evaluation and accessed outside systems.
We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks
It was a good but not great quarter as Apple worked to mitigate the memory shortage, which impacted the reported quarter and guidance.
SK Hynix shares surge 25%, while Samsung soars over 20% as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
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