Anthropic to spend $50 billion on U.S. AI infrastructure, starting with Texas, New York data centers
Anthropic rival OpenAI has secured more than $1.4 trillion worth of deals with Nvidia, Broadcom, Oracle, and the major cloud providers.
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AMD’s Lisa Su dismisses AI spending fears as stock rallies on growth projections: ‘It’s the right gamble’
Many of AMD’s hyperscaler customers have beefed up spending as AI reaches an “inflection point” and companies can see the return on that spending, Su added.
Coinbase moves incorporation to Texas from Delaware, following Musk’s lead
Coinbase’s legal chief wrote in a Wall Street Journal op-ed that the crypto platform is moving its state of incorporation to Texas.
Coinbase moves incorporation to Texas from Delaware, following Musk’s lead Read More »
AI trade stalls, ‘ghost job’ listings, Trump floats tariff rebate checks and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Autonomous EV trucking company Einride going public in SPAC deal valuing it at $1.8 billion
Swedish autonomous EV trucking company Einride is planning to go public on the NYSE through a SPAC deal with Legato Merger Corp. III valuing it at $1.8 billion.
Google sues cybercriminal group behind E-ZPass, USPS text phishing scams
Google filed a lawsuit against a cybercriminal group largely based in China that is behind a massive text message phishing operation, or “smishing.”
Google sues cybercriminal group behind E-ZPass, USPS text phishing scams Read More »
CNBC Daily Open: SoftBank goes all in on OpenAI as ‘Big Short’ investor issues caution on AI firms
SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.
Singapore sees further cooperation between ASEAN and EU on digital economy, deputy PM says
Singapore DPM Gan Kim Yong said if the EU and ASEAN can come together to discuss a digital economic agreement, it would be a “major breakthrough.”
Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
Foxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.
Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand Read More »
CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor
SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.
CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor Read More »