Arda Kucukkaya | Anadolu | Getty Images Meta stock climbed about 3% on Monday, following what it called “speculative” reports that the company is planning to lay off over 20% of its workforce to balance its big artificial intelligence spending plans this year. Reuters reported on Saturday that top executives at the tech giant told…
In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on Sept. 16, 2025 in San Francisco, California. Justin Sullivan | Getty Images Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius‘ AI infrastructure, the company announced on Monday. Nebius’ shares surged…
The AI boom may be having a side effect: a surge in Big Tech buying carbon credits to offset emissions generated by its energy-hungry buildout. Amazon, Google, Meta, and Microsoft have ramped up purchases of permanent carbon credits since the launch of ChatGPT sparked the AI race in 2022, according to data compiled for CNBC…
The JD.com logo is displayed on a smartphone screen in this photo illustration. Jonathan Raa | Nurphoto | Getty Images JD.com launched its long-anticipated European online shopping platform on Monday, as the Chinese e-commerce giant looks to challenge Amazon as well as domestic rivals that have already expanded internationally. Joybuy, JD.com’s international online shopping brand,…
While attending college at the Indian Institute of Information Technology, Allahabad, Suras Nayak knew he wanted to leave his hometown of Hyderabad, India, and travel the world. “When I was growing up, I always had this idea somewhere behind my head that I always wanted to move abroad, but I was a little bit influenced…
Nvidia showed CNBC its latest Vera CPU at its Santa Clara, California, headquarters on Feb. 13, 2026. Marc Ganley | CNBC Nvidia‘s graphics processing units have been the hottest-selling chips for years, but the sudden advent of agentic artificial intelligence has brought on a renaissance for its more modest host chip, the central processing unit….
Advocacy groups and community members protest laws surrounding data centers while outside the Texas Capitol in Austin Monday, Feb. 23, 2026. Austin American-statesman/hearst Newspapers | Hearst Newspapers | Getty Images The companies racing to build the massive infrastructure needed for the artificial intelligence boom are facing growing backlash over electricity costs, as households and policymakers question…
Palantir CEO Alex Karp told CNBC on Thursday that artificial intelligence is giving the U.S. and its allies an edge in the escalating conflict in Iran and across the Middle East. “What makes America special right now is our lethal capabilities, our ability to fight war,” Karp said at Palantir’s AIPcon 9 in Maryland. He added that…
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images A prolonged conflict in the Middle East could impact the semiconductor industry’s access to key materials while rising costs could…
Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Ruhani Kaur | Bloomberg | Getty Images Last August, Pentagon technology chief Emil Michael, a former Uber executive and attorney, took on the added role of overseeing the Defense Department’s artificial intelligence portfolio. A…