Sam Altman (L), US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, and the company’s co-founder and chief scientist Ilya Sutskever, speak together at Tel Aviv University in Tel Aviv on June 5, 2023. Jack Guez | Afp | Getty Images OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the … Read more
Adam Selipsky, CEO of Amazon‘s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky after he exits the company on June 3, Amazon said. In a memo to employees, Selipsky said he was … 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.) Markets : The market is moving … Read more
Omar Marques | Lightrocket | Getty Images Anthropic on Wednesday announced its first-ever enterprise offering and a free iPhone app. The generative artificial intelligence startup is the company behind Claude, one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in the past year. Anthropic, founded by ex-OpenAI research executives, … Read more
Amit Walia, CEO, Informatica at the New York Stock Exchange, October 27, 2021. Source: NYSE Enterprise data management company Informatica is not currently in talks to be acquired, the company said on Monday, after earlier reports suggested Salesforce was interested in a roughly $10 billion deal. Informatica shares slumped more than 7% on the news, … Read more
People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019. Brendan McDermid | Reuters Salesforce stock fell 5% Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. Shares of Informatica dropped 9% Monday following the reports. The … Read more
Microsoft’s rivals won a reprieve on Monday, when the software giant said it would split up its Teams and Office bundles following scrutiny from European regulators. Zoom, whose video chat app took off during the Covid pandemic, has struggled of late to compete with Microsoft’s suite of communications products. Slack, now owned by Salesforce, has … Read more
Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the “Minnie Besties Bash!” parade at Tokyo Disneyland on January 17, 2023 in Urayasu, Japan. Tomohiro Ohsumi | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets … Read more
Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the “Minnie Besties Bash!” parade at Tokyo Disneyland on January 17, 2023 in Urayasu, Japan. Tomohiro Ohsumi | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets … Read more
More than half of the stocks in the S & P 500 hit new 52-week highs in the first quarter, leaving us to puzzle over how this all happened. We act as if it’s all about the earnings or the actions of the Federal Reserve. But maybe it is something else. Maybe it’s the share … Read more
