Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto its small U.S. user base, according to new data on the microblogging platform launched by former President Donald Trump’s media company. So far in May, U.S. daily visits to Truth Social have dropped more than 21% from April, and more than 35% … Read more
In photo at left, Megh McLaughlin, center, with co-workers at a performance of Beyonce’s Renaissance tour. In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift’s Eras tour. Courtesy: Megh McLaughlin, left photo. Isabelle Breakiron, right photo At professional services firm KPMG, managing director Rob Breakiron feels more popular … Read more
Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. David Paul Morris | Bloomberg | Getty Images Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a … Read more
An M&M’s advertisement seen on a gas pump. Courtesy: GSTV The next frontier for the ad market isn’t on TV — it’s in stores and on your phone. Television had long been the key target for advertisers, until tech companies like Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad … Read more
CNBC’s Jim Cramer on Thursday said he thinks it’s unwise to trade Nvidia, saying investors should keep the AI darling. “Until the AI revolution runs on something else — and despite what you hear, nobody else comes close to these chips — you should just own it, do not trade it,” he said. “Just don’t … Read more
Aerial view of Eleven Mile Solar in Coolidge, Az. Photo: Van Applegate Danish renewable energy developer Orsted won a $680 million investment from JPMorgan in two U.S. projects as incentives from the Biden Administration’s signature climate law — the Inflation Reduction Act (IRA) — spur a clean energy boom in the U.S. JPMorgan will provide tax … Read more
Nvidia‘s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. … Read more
Rafael Henrique | Lightrocket | Getty Images Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was the Australian company’s chief revenue officer, and Alicia Hale, who was marketing chief, stepped … Read more
CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more
Scale AI CEO Alex Wang, left. Scale AI Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. The San Francisco-based company, ranked No. 12 on this year’s CNBC Disruptor 50 list, has now … Read more
