Okta on Tuesday topped Wall Street third-quarter estimates and issued an upbeat outlook as customers adopt identity management solutions. Shares of the identity management provider fell slightly in after-hours trading on Tuesday. Here’s how the company did versus LSEG estimates: Earnings per share: 82 cents adjusted vs. 76 cents expected Revenue: $742 million vs. $730…
Alphabet-owned Google just gained a leg up over OpenAI’s ChatGPT, according to recent stock market performance. Shares of Alphabet and its chip partner Broadcom are surging this quarter as its new version of Gemini AI was released, while proxies for the private OpenAI — Nvidia and Microsoft — underperform. Google, once considered an AI laggard,…
MongoDB shares ripped 25% higher on Tuesday after the company blew past Wall Street’s third-quarter expectations and lifted its forecast as its cloud database platform gained traction with customers. The database software provider posted adjusted earnings of $1.32 per share on $628 million in revenue. That topped the 80 cents adjusted per share and $592…
Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over…
Attendees pass an Amazon Web Services logo during AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian hotel in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon has found a way to let cloud clients extensively customize generative AI models. The catch is that the system costs…
Sam Altman, OpenAI’s CEO speaks during a media tour of the Stargate data center in Abilene, Texas, on Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the U.S. Kyle Grillot | Bloomberg |…
Beata Zawrzel | Nurphoto | Getty Images A YouTube tool that uses creators’ biometrics to help them remove AI-generated videos that exploit their likeness also allows Google to train its artificial intelligence models on that sensitive data, experts told CNBC. In response to concern from intellectual property experts, YouTube told CNBC that Google has never…
Traders work on the floor of the New York Stock Exchange (NYSE) on October 17, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading…
Nvidia-backed video generation startup Luma AI is joining a growing wave of U.S. tech companies launching operations in the U.K., with major plans for a London expansion revealed on Tuesday. The Palo Alto-headquartered startup will look to hire around 200 employees — making up around 40% of its workforce — at its new London base…
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Speaking via teleconference, Son and OpenAI chief Sam Altman argued that advancing artificial intelligence would lead to new jobs that are not yet imagined, and the advancement of robotics will…
