Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber confirmed Tuesday. The record-setting deal is the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC….
Workday CEO Carl Eschenbach on Thursday tried to ease worries that artificial intelligence is destroying software business models. “It’s an overblown narrative, and it’s not true,” he told CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, calling AI a tailwind and “absolutely not a headwind” for the company. Software stocks have sold…
NEWYou can now listen to Fox News articles! The Federal Bureau of Investigation has issued a warning about a growing cyber threat that turns everyday QR codes into spying tools. According to the bureau, a North Korean government-sponsored hacking group is using a tactic known as quishing to target people in the United States. The…
NEWYou can now listen to Fox News articles! Illinois residents are once again being reminded how fragile government data systems can be. The Illinois Department of Human Services has confirmed a data breach that exposed sensitive records belonging to roughly 700,000 people. The breach is believed to have exposed two distinct sets of records. One…
George Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg | Getty Images Oracle said Friday that two longtime directors, both octogenarians, have resigned from the board. George Conrades, former CEO of content network distribution company…
NEWYou can now listen to Fox News articles! A dangerous cybercrime tool has surfaced in underground forums, making it far easier for attackers to spread malware. Instead of relying on hidden downloads, this tool pushes fake error messages that pressure you into fixing problems that never existed. Security researchers say this method is spreading quickly…