Terran Orbital’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital, the defense giant revealed in a securities filing on Friday. The nonbinding proposal would see Lockheed acquire Terran Orbital’s outstanding common stock at $1 a share in cash, as … Read more
David Paul Morris | Bloomberg | Getty Images Super Micro Computer is joining the S&P 500 following a historic rally in the stock that’s pushed the company’s market cap past $50 billion. The shares, up more than 20-fold in the past two years and over 200% just since the start of 2024, climbed another 8% … Read more
Betul Abali | Anadolu | Getty Images Jack Krawczyk, a Google artificial intelligence product lead, has pulled away from social media sites, including X and LinkedIn, after the troubled launch of the company’s AI image generator made him the target of online harassment. Krawczyk, who is typically active on social media, where he’s known to … Read more
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The company plans to … Read more
A “grapple test” of the spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced on Friday, after the agency’s auditor criticized the program’s lead contractor Maxar for poor performance. The space agency said in a statement that the OSAM-1, or “On-orbit Servicing, Assembly, … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) AI trade: Market gains accelerated since … Read more
Dell CEO Michael Dell. Getty Images Dell is having its best day since founder Michael Dell brought the company back to the stock market in 2018. Shares of the PC and server manufacturer surged 30% on Friday to $121.88, after the company posted fiscal fourth-quarter results that beat estimates. That tops the stock’s 21% gain … Read more
Cohere president Martin Kon says a lot of the hot artificial intelligence startups on the market today are building the equivalent of fancy sports cars. His product, he says, is more like a heavy-duty truck. “If you’re looking for vehicles for your field technical service department, and I take you for a test drive in … Read more
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Denis Balibouse | Reuters Elon Musk is suing OpenAI and its CEO Sam Altman, among others, alleging they abandoned the company’s founding mission to develop artificial intelligence “for the benefit of humanity broadly.” … Read more
There are several different pieces of legislation going through the U.S. Congress that focus on AI-related areas. But there is still no official regulation that focuses specifically on AI. Pol Cartie | Sopa Images | Lightrocket | Getty Images BARCELONA — A top executive at Salesforce says she is “optimistic” that U.S. Congress will make … Read more
