CNBC

Investment firms of the ultra-rich seek bigger returns and to tap into the AI boom.

After Tesla ‘s annual shareholders meeting on Thursday, the company is expected to disclose results of the vote on CEO Elon Musk’s pay plan.

Nvidia CEO Jensen Huang reportedly told the Financial Times that “China is going to win the AI race,” before releasing a notably softer statement soon after. 

Shares of two Chinese autonomous driving companies Pony.ai and WeRide both debuted in Hong Kong on Thursday.

Microsoft employees can now request Trusted Technology Reviews when they want to report on concerning uses of the company’s products.

The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia’s Public Investment Fund.

Snap on Wednesday issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program.

CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.

People are signing up for Figma to use its Make tool for generating app designs with artificial intelligence, CEO Dylan Figma said.