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…
Nvidia has announced a partnership with an AI startup, just months after it was founded by a former top scientist at Google DeepMind. Ineffable Intelligence, which is pursuing superintelligence and was founded in late 2025 by UCL professor and former lead of DeepMind’s reinforcement learning team, David Silver, will enter into an engineering-level collaboration with…
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI. The Japanese giant…
An Android character is displayed in front of a building on the Google headquarters campus on July 23, 2025 in Mountain View, California. Justin Sullivan | Getty Images Google is using its latest Android rollout to make Gemini less of a chatbot and more of an operating layer across the phone, browser, car and laptop,…
Softbank has injected more than $450 million into a chip company, CNBC has learned, as the Japanese investment giant looks to continue its major play in AI infrastructure and hardware. Graphcore, which is developing AI chips and systems and was acquired by the Japanese giant in 2024, issued a single share at the value of…
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…
CNBC’s Jim Cramer said the market continues to be driven overwhelmingly by enthusiasm around semiconductors and data center stocks, and next week will test whether investors keep rewarding nearly any positive AI-related development. “This market keeps going up and up on the same old stuff: news about semiconductors, even old news about semiconductors, retreaded news…
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….
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you live in the Sun Belt, you could soon be on the road next to a driverless big rig. Distribution giant McLane is planning to deploy unsupervised, self-driving trucks on routes in the region by the end of the…
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…