Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in at…
Microsoft CEO Satya Nadella took the stand in the Musk v. Altman trial on Monday, where he testified that Elon Musk never contacted him with concerns that Microsoft’s investments in OpenAI were in violation of any special terms or commitments. Nadella, wearing a navy suit with a blue tie, began his testimony in federal court…
Maskot | Digitalvision | Getty Images Since the debut of OpenAI’s ChatGPT in 2022, and the subsequent AI revolution, workers across industries have been hit by sweeping layoffs. A new report published by IBM last week, however, shows that AI is also reshaping boardrooms and how CEOs make decisions. The report says 76% of the…
Nvidia founder and CEO, Jensen Huang, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | AFP | Getty Images Nvidia stepped on the gas last year, putting cash into companies up and down the AI infrastructure stack and helping…
CoreWeave shares tumbled as much as 10% in extended trading on Thursday after the AI infrastructure provider issued light revenue guidance and increased its 2026 capital spending forecast. Here’s how the company did in comparison with LSEG consensus: Earnings per share: Loss of $1.12 adjusted vs. loss of 90 cents expected Revenue: $2.08 billion vs….
Shivon Zilis, former board member of OpenAI Inc., arrives at the federal court in Oakland, California, US, on Wednesday, May 6, 2026. David Paul Morris | Bloomberg | Getty Images The high-stakes trial in Elon Musk’s lawsuit against OpenAI CEO Sam Altman will conclude its second week of proceedings on Thursday. Musk’s attorneys called several…
Kylian Mbappe exercising inside the gym at Ciudad Real Madrid on May 06, 2026 in Madrid, Spain. Antonio Villalba | Real Madrid | Getty Images France has emerged as a clear fan favorite for this year’s FIFA World Cup in North America, according to a Bank of America survey — but Microsoft’s Copilot artificial intelligence…
Microsoft is getting left behind as investors rotate into hotter artificial intelligence stocks. Jim Cramer says this dynamic won’t last forever. “I still own it for the Trust,” Jim said on CNBC on Wednesday, referring to his Charitable Trust , which is the portfolio used by the Investing Club. Jim’s reason to keep the Microsoft…
COPENHAGEN, Denmark — The Nordics, long seen as a magnet for data center investment thanks to their stable climate and abundance of renewable energy, are now weighing limits on the growth of the power-hungry facilities as surging energy demand forces a rethink. At the center of the debate is Denmark, the first of the Nordics…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…