Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously
Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland.
CNBC
Palantir earnings, Pizza Hut’s options, a new consumer staples giant and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Uber beats third-quarter revenue expectations
CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.
Uber beats third-quarter revenue expectations Read More »
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Managers of the world’s largest sovereign wealth fund said they are “concerned” about the proposed deal.
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package Read More »
Binance CEO dismisses claims the firm boosted a Trump crypto venture ahead of CZ pardon
The CEO of Binance has dismissed claims the company went out of its way to boost a Trump-backed stablecoin ahead of pardon of its co-founder Changpeng Zhao.
Binance CEO dismisses claims the firm boosted a Trump crypto venture ahead of CZ pardon Read More »
CNBC Daily Open: AI is carrying the weight of the U.S. market
Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower.
CNBC Daily Open: AI is carrying the weight of the U.S. market Read More »
Nintendo hikes Switch 2 sales forecast to 19 million units as flagship console momentum grows
Nintendo is riding a wave of momentum after launching its latest console called the Switch 2.
HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, ‘irrational exuberance’
Alphabet, Meta, Microsoft, and Amazon collectively expect $380 billion in capex this year, while OpenAI has announced $1 trillion in infrastructure deals.
HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, ‘irrational exuberance’ Read More »
AI is not in a bubble, says VC founder. Why he says it’s different to the dotcom boom
The speed at which both businesses and consumers are adopting AI sets this boom apart from other bubbles, Antler founder Marcus Grimeland told CNBC.
AI is not in a bubble, says VC founder. Why he says it’s different to the dotcom boom Read More »
Fentanyl, ICE and popcorn: Palantir CEO Alex Karp’s earnings call commentary
Palantir CEO Alex Karp took on the critics during the company’s third-quarter earnings call after the bell on Monday.
Fentanyl, ICE and popcorn: Palantir CEO Alex Karp’s earnings call commentary Read More »