Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

A view of Google Headquarters in Mountain View, California, United States on April 16, 2024.  Tayfun Coskun | Anadolu | Getty Images Eli Lilly CFO Anat Ashkenazi will become Alphabet’s new chief financial officer effective July 31, Google’s parent company announced Tuesday, almost a year after Alphabet first announced current CFO Ruth Porat would move … Read more

Databricks is buying data optimization startup Tabular

Databricks is buying data optimization startup Tabular

Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks Data analytics software maker Databricks said in a statement on Tuesday that it’s acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring … Read more

OpenAI open letter warns of AI’s ‘serious risk’ and lack of oversight

OpenAI open letter warns of AI’s ‘serious risk’ and lack of oversight

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.  Jason Redmond | AFP | Getty Images A group of current and former OpenAI employees published an open letter Tuesday describing concerns about the artificial intelligence industry’s rapid advancement despite a lack of oversight and … Read more

Meta AI Chief Yann LeCun slams Musk over ‘blatantly false’ promises

Meta AI Chief Yann LeCun slams Musk over ‘blatantly false’ promises

Meta‘s chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO’s treatment of scientists and news organizations, and for spreading false conspiracies on social media. “I like his cars (I own a 2015 S, and 2023 S), his rockets, his solar energy systems, and … Read more

Elon Musk told Nvidia to ship AI chips reserved for Tesla to X, xAI

Elon Musk told Nvidia to ship AI chips reserved for Tesla to X, xAI

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  David Swanson | Reuters Elon Musk claims he can grow Tesla into “a leader in AI & robotics,” an ambition that … Read more

Google cuts at least 100 jobs across cloud unit, sources say

Google cuts at least 100 jobs across cloud unit, sources say

Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the company in 2019. Michael Short | Bloomberg | Getty Images Alphabet is laying off employees from several teams in Google’s cloud unit, one of its fastest-growing businesses, CNBC has learned. The company notified employees last week of the cloud cuts, with … Read more

Khosla Ventures backs Wineborne, a startup using AI to upend forecasts

Khosla Ventures backs Wineborne, a startup using AI to upend forecasts

This summer is expected to be one of the busiest hurricane seasons in history, according to the annual forecast from the National Oceanic and Atmospheric Administration (NOAA). The frequency and intensity of the storms are increasing. Weather prediction is more critical than ever. Artificial intelligence has made the weather forecasting market increasingly crowded. From hurricanes … Read more

Nvidia’s latest roadmap shows how it plans to keep the lead in AI chips

Nvidia’s latest roadmap shows how it plans to keep the lead in AI chips

Club holding Nvidia isn’t taking its foot off the gas in the fast-moving artificial intelligence race. Nvidia announced Sunday that its next-generation AI chip platform, dubbed Rubin, is due in 2026, with plans to release an upgraded version of its forthcoming Blackwell architecture in 2025. The initial iteration of Blackwell products was unveiled less than … Read more

Ford restores Detroit train station for $950 million campus

Ford restores Detroit train station for 0 million campus

Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned … Read more

A juggernaut of the market’s growth hit wall, buy these stocks

A juggernaut of the market’s growth hit wall, buy these stocks

We danced around it all week. We called out the many culprits for Salesforce’s weak quarterly results on Wednesday — and subsequent stock plunge — including an elongated sales cycle, a measured economic environment, and the need for more senior executives to check off on products. But one we didn’t call out was the law … Read more