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Alex Karp blasts 'Big Short' investor Michael Burry as 'bats--- crazy' for bets against Palantir, Nvidia
"The idea that chips and ontology is what you want to short is bats--- crazy," Alex Karp said.
IBM cutting thousands of jobs in the fourth quarter
IBM recently delivered stronger earnings than expected, thanks to a 10% jump in revenue from software, meeting consensus.
Appeals court dubious of FTX founder Bankman-Fried’s conviction challenge
FTX was one of the largest cryptocurrency exchanges in the world when it went bust in 2022. Founder Sam Bankman-Fried is serving a 25-year prison term.
Bitcoin falls below $100,000 for the first time since late June
Cryptocurrencies retreated Tuesday as investors continued to flee risk-on assets.
OpenAI launches Sora for Android devices
OpenAI's short-form AI video app Sora is now available on Android devices in the U.S., Canada, Japan, South Korea, Taiwan, Thailand and Vietnam.
Scale AI's life after Meta deal has been rocky, but CFO insists it's not a 'zombie company'
Five months after Scale AI's high-profile founder was hired by Meta, the startup is trying to show that it's still on a growth trajectory.
Spotify tops third-quarter estimates on strong user growth, issues mixed guidance
The streaming platform had 281 million premium subscribers for the quarter, coming in just below StreetAccount expectations.
Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant
Instacart's AI Solutions, a suite of artificial intelligence tools for grocers, includes agentic inventory tracking and an AI shopping assistant.
Palantir earnings, Pizza Hut's options, a new consumer staples giant and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Uber beats third-quarter revenue expectations
CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.
Norway's mega wealth fund to reject Elon Musk's $1 trillion Tesla pay package
Managers of the world’s largest sovereign wealth fund said they are “concerned” about the proposed deal.
Binance CEO dismisses claims the firm boosted a Trump crypto venture ahead of CZ pardon
The CEO of Binance has dismissed claims the company went out of its way to boost a Trump-backed stablecoin ahead of pardon of its co-founder Changpeng Zhao.
Nintendo hikes Switch 2 sales forecast to 19 million units as flagship console momentum grows
Nintendo is riding a wave of momentum after launching its latest console called the Switch 2.
CNBC Daily Open: AI is carrying the weight of the U.S. market
Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower.
HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, 'irrational exuberance'
Alphabet, Meta, Microsoft, and Amazon collectively expect $380 billion in capex this year, while OpenAI has announced $1 trillion in infrastructure deals.
AI is not in a bubble, says VC founder. Why he says it's different to the dotcom boom
The speed at which both businesses and consumers are adopting AI sets this boom apart from other bubbles, Antler founder Marcus Grimeland told CNBC.
Fentanyl, ICE and popcorn: Palantir CEO Alex Karp's earnings call commentary
Palantir CEO Alex Karp took on the critics during the company's third-quarter earnings call after the bell on Monday.
Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Palantir's earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.
Amazon closes at record after $38 billion OpenAI deal with AWS
OpenAI will immediately begin tapping Nvidia's AI processors using infrastructure from Amazon Web Services.
Why Jim Cramer wants to load up on more shares of this DuPont spinoff
Qnity Electronics moved higher in its public debut on the New York Stock Exchange on Monday.
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