No news is good news for Wall Street

No news is good news for Wall Street

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024.  Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Microsoft AI engineer says Copilot Designer creates disturbing images

Microsoft AI engineer says Copilot Designer creates disturbing images

Copilot logo displayed on a laptop screen and Microsoft logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on October 30, 2023.  Jakub Porzycki | Nurphoto | Getty Images On a late night in December, Shane Jones, an artificial intelligence engineer at Microsoft, felt sickened by the images … Read more

OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow

OpenAI shares Elon Musk emails urging startup to raise  billion, see Tesla as a cash cow

OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company. In its response, OpenAI reproduced old emails from Musk in which the Tesla and SpaceX CEO encouraged the rising startup to raise at least $1 billion in … Read more

Read the complaint in Elon Musk v. Sam Altman, Greg Brockman, OpenAI

Read the complaint in Elon Musk v. Sam Altman, Greg Brockman, OpenAI

Elon Musk, owner of Tesla and the X (formerly Twitter) platform, attends a symposium on fighting antisemitism titled ‘Never Again : Lip Service or Deep Conversation’ in Krakow, Poland on January 22nd, 2024. Beata Zawrzel | Nurphoto | Getty Images When it comes to legal disputes, Elon Musk’s definition of victory may not always be … Read more

Microsoft seeks dismissal parts of New York Times suit against OpenAI

Microsoft seeks dismissal parts of New York Times suit against OpenAI

Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.  Denis Balibouse | Reuters Microsoft is accusing The New York Times of “unsubstantiated” claims in the publisher’s lawsuit filed in December against OpenAI, a case that could … Read more

No rate cuts in 2024?

No rate cuts in 2024?

Federal Reserve Chair Jerome H. Powell takes his seat to testify before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.  Kevin Lamarque | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

A big fine in Europe adds to Apple’s 2024 woes. What it will take to get back on track

A big fine in Europe adds to Apple’s 2024 woes. What it will take to get back on track

Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. This latest setback raises the question: How can Apple get its groove back? The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. It’s one … Read more

Rihanna, Gates and Zuckerberg at lavish bash

Rihanna, Gates and Zuckerberg at lavish bash

Anant Ambani, left, son of Chairman of Reliance Industries Limited Mukesh Ambani and his fiancee Radhika Merchant greet media persons during their engagement ceremony in Mumbai, India, Thursday, Jan. 19, 2023.  Rajanish Kakade | AP  Tech executives including Mark Zuckerberg and Bill Gates attended a lavish, three day, pre-wedding celebration for the son of Indian … Read more

Apple hit with more than $1.95 billion EU antitrust fine over music streaming

Apple hit with more than .95 billion EU antitrust fine over music streaming

The Apple logo. Costfoto | Nurphoto | Getty Images The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. The Commission said it found that Apple had applied restrictions … Read more

U.S. manufacturing struggles to recover

U.S. manufacturing struggles to recover

Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. The US Census Bureau is scheduled to release factory orders figures on February 2. Justin Merriman | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily … Read more